Document:

Exhibit 10.33

 

		Contract
    of Trust loans

 

Fenghui No. 3 single trust fund

 

Contract of trust loans

 

NO: 【NT
16-020-021-002】

 

National Trust Co.,Ltd;

 

【7】Month【
2016 】Year

 

     

     

    

 

	 	Contract
    of Trust loans

 

Contract of trust loans

 

Lender (Party A): National Trust Ltd

 

Address: No. 1, No. 18 in Anwai Binhe
West Road, Dongcheng District, Beijing city

 

Zip code: 100011

 

Legal representative: Xiaoyang Yang

 

Fax: 010-84268000

 

Tel: 010-84268088

 

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:

 

		I	Party A according to the establishment
                                         of the National Trust - Fenghui No. 3 single trust fund (hereinafter referred to as "the
                                         trust or the trust scheme") in the trust documents agreed, in accordance with the
                                         wishes of the trustee of the trust, entrust by the trust funds to the lender's name Trust
                                         loans to Party B (hereinafter referred to as "trust loan" or "loan").

 

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	 	Contract
    of Trust loans

 

		II	Terms that do not make a specific
                                         interpretation under this contract shall perform in accordance with the definition and
                                         meaning of the trust contract (No. NT 16-020-021-001) in accordance with the trust.

 

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

 

Article 1 The contents of
the loan

 

		1.1	Amount of Loan

 

The contract
under the loan amount is not more than RMB [500,000,000.00], Capital: RMB [Five hundred million]yuan as a whole. Agreed by the
two parties, the contract under the loan funding for lenders to manage the trust under the trust fund.

 

		1.2	Terms of Loan

 

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

 

1The
term of the loan is [12] months, from the 15th July, 2016 to 14th July, 2017. 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;

 

2The
loan period is [/] a month, the surrender period of loans to the date of payment of the first phase of the loan which is reach
to [/] a 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;

 

3Loan
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;

 

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	 	Contract
    of Trust loans

 

4Loan
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) he principle
of the loan shall not be extended under the contract. If the lender and borrower through consultation is loan extension conditions
agreed, agree to roll over loans should be separately signed the contract in a supplemental agreement to be agreed by the parties,
the extended deadline for a year.

 

(3)
loan, Party B shall fill in borrowing IOU, the specific amount of the loan, is zoned shall date and the date of repayment
to borrowing IOU recorded content.

 

		1.3	Interest rate of loan

 

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

 

		1.4	Purpose of loan

 

1.4.1 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.

 

1.4.2 Without the written consent
of the lender, the borrower shall not arbitrarily change the use of the loans, including but not limited to, Party B shall be
under the contract of loan funds for fixed assets or equity investment and national policy restrictions, and shall not use the
loans for shares and Futures

 

Investment, such as financial
derivatives, and shall not be used for the production and operation of the state to prohibit the use of the field.

 

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	 	Contract
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Article
2 Release of loan

 

2.1 in
addition to Party A in written form agreed to give up all or part of the conditions of
the provisions of this article, when and only when the following terms of loan, continue to meet and the client issued "loan
notice, Party A shall not be obligated to Party B Loan:

 

2.1.1
Party B has made the relevant laws and regulations and the articles of association of the company to obtain the right to agree
with the effective resolution of this loan;

 

1.1.2 this
contract has been signed and entered into force, and Party B has not been in breach of this contract;

 

2.1.3 this
trust has entered into force;

 

2.1.4 Party
B to provide Party A irrevocable "borrowing IOU";

 

2.1.5 Party
B has submitted to Party A all the information requested by Party A, and the information is as follows:

 

(1) Party
B shall submit a copy of the business license of the enterprise legal person (a copy) with the official seal of the company;

 

(2) Party
B shall submit to Party A the current and effective regulations (copies) of Party B with the official seal;

 

(3) Party
B shall submit to Party A the legal representative ID card (photocopy) with the official seal;

 

(4) Party
B shall submit the annual financial audit report and the financial statements (copies) within the last three months of the year
by the party A;

 

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	 	Contract
    of Trust loans

 

(5) Party
B shall submit to Party A the right to approve the loan, the effective resolution or document of this loan;

 

(6) the relevant
materials required by the other Party A to provide loans;

 

2.1.6 Borrower
[Wuhan kingod Co., Ltd. on its loans to the trust provides pledge, mortgage security matters issued by the internal corporation
has the right to the examination and approval authority pledge collateral matters of legitimate and effective resolution, and
signed by Party A. the NT support word 16-020-021-003 the pledge contract "and NT support word 16-020-021-004" mortgage
contract "has been in force and completed the mortgage registration;

 

2.1.7 Assurance
in Wuhan show only Jewelry Co., Ltd., Jia Zhihong (ID number: 420102196111133118)] has been on its loans to the trust provides
joint and several liability assurance of security matters and signed with the Party of the first part of the NT support word 16-020-021-005
"guarantee contract" and NT support word 16-020-021-006 "guarantee contract" has been in force;

 

2.1.8 Client
to obtain the insurance policy in accordance with the requirements;;

 

2.1.9 The
borrower will pledge deposit to the client specified by the client and safe, the insurance company to complete the pledge to keep.

 

2.1.10 The
commitments made by Party B in the eleventh items of this contract are true and valid;

 

2.1.11 Party
B has opened the RMB loan account for the trust loan in Article 2.5 of this contract;

 

2.1.12 Party
B agrees to subscribe to the trust industry security fund in accordance with the requirements of Party A, and the trust agreement
signed by Party A has entered into force;

 

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	 	Contract
    of Trust loans

 

2.1.13 Does
not appear any modification or issue of laws and regulations, regulatory authorities put forward new regulatory requirements and
other reasons, Party A can not issue a loan under this contract or to achieve the purpose of the contract。

 

Confirmed
by Party B, and Party B shall finish the requirements by 20th July, 2016.

 

2.2 Loans
under this contract shall be issued by Party A in accordance with the following first 1):

 

1) Party A should
be in after the establishment of the provisions of paragraph 2.1 of all lending conditions [5] a working days will be capital
all loans once assigned to Party B for receiving loan trust loan account (hereinafter referred to as the "loan account, see
Section 2.5).

 

2) Party A shall
in all the loan conditions prescribed in paragraph 2.1 of this article established and continue to meet the established state,
and Party B has initial interest on the loan in full payment to the trust property accounts, and to the party to provide the loan
period can not be revoked of the borrowing IOU "[5] a working days will be the second phase of the loan funds.

 

2.3 If the
paragraph 2.2 choice 1) issued by the way loan payment date: for loan funds actually included in the account of Party B's loans,
and principle of loan funds actually included in the recorded on the Party B loan account, and borrowing IOU's designated section,
should be the same day, such as inconsistent, loans issued on borrowing IOU recorded in the designated section on the subject.
Loan from the date of this contract is the date of payment of the loan.

 

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	 	Contract
    of Trust loans

 

Such as this
paragraph 2.2 select the 2) issued, the loan payment date: under this contract the trust loan payment date for the loan funds
actually included in the borrower's loan account, and in principle the loan funds actually assigned to the Party B loan account,
and the corresponding borrow IOU recorded the loans designated section, should be for the same day, such as inconsistent, the
period of the loans issued to borrowing IOU records of the loan period designated section on the date of. The date of issuance
of loans for each period of the trust and loan.

 

2.4 A loan
by loan account shall be transferred to Party B, Party A is deemed to have loan, Party B has promised to borrow.

 

2.5 Under
this contract, Party B receives the loan account information of trust loans as follows:

 

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

 

Account Name: Wuhan Kingold
jewelry Limited by Share Ltd

 

Account No: 42050110242500000003

 

2.6 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

 

3.1 Following
article 2.3, which defines the date to pay back interest, the debt will be paid by Party B in accordance with method (5)

 

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:

 

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	 	Contract
    of Trust loans

 

(1) Loan
interest by the party since the day of interest paid once every 6 months from the date of, interest settlement date for interest,
each over six months of the date and the corresponding loan maturity, interest, interest settlement date, if the above term interest
payment date is not a business day, postponed to the next working day. Loan maturity should be cleared with the amount and interest
of the loan。

 

Each interest
calculation way: each interest payment date payable interest = sigma (daily loan duration of the principal amount x [/]%/360.
"Sigma" during the calculation for node on a daily interest (inclusive) to the interest settlement date (not included),
at the end of a calculation period for adjacent a bear interest (including) loans to maturity, (not included).

 

(2) Corresponding
to its specific respectively under the terms of the contract the trust loan interest, loan interest, [] working days to pay the
loan principal amount [] as a percent of the loans of the first interest, the downpayment loan interest payment amount = []; the
period of the loan, interest rates by Party B in accordance with every three months / months / 12 months) to pay the loan interest,
respectively, for the period of loan interest as of the date of each full (3 months / months / 12 months), and the loan maturity,
interest on interest settlement date, the maturity of the loan when Lee with the clear, if the above term interest payment date
for non working days, will be postponed to the next working day.

 

Corresponding
to its specific respectively under the terms of the contract the trust loan interest, loan interest, [] working days to pay the
loan principal amount [] as a percent of the loans of the first interest, the downpayment loan interest payment amount = []; the
period of the loan, interest rates by Party B in accordance with every three months / months / 12 months) to pay the loan interest,
respectively, for the period of loan interest as of the date of each full (3 months / months / 12 months), and the loan maturity,
interest on interest settlement date, the maturity of the loan when Lee with the clear, if the above term interest payment date
for non working days, will be postponed to the next working day.

 

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	 	Contract
    of Trust loans

 

(3) Loan
interest by Party B in accordance with the quarter payment, the interest, the last month of each quarter [], (that is, [] days
and months [] days and months [] days and months []), and the maturity of the loan,, interest, interest settlement date, where
the interest from the date of the first naturally quarter at the end of the month [] days for the first bear interest, if the
above term interest payment date is not a business day, will be postponed to next work;

 

Each interest
payment date payable interest = (daily loan duration of the principal amount x []%/360. "Sigma" during the calculation
for node on a daily interest (inclusive) to the interest settlement date (not included), one of the first calculation period for
daily interest (inclusive) to adjacent the first node daily interest (not included); at the end of a calculation period for adjacent
a bear interest (including) loans to maturity (not included) or loans repaid after the day (not included), sigma.

 

(4) Natural
specific interest as the date of the period of the loans interest from [/] a working days to pay the loan principal amount of
[/]% of the loan period of the first, the loan period of the first interest payment amount = []; the rest of the loan loan interest
by Party B according to the natural quarterly payments, interest settlement date for each calendar quarter at the end of the month
[/], (i.e. March [] on June [] on September [] on December [], and the term loan maturities, interest on interest settlement date,
interest, where the first quarter at the end of the month [], for the remaining loan interest of the first node information, and
if the above term interest payment date for non working days, will be postponed to the next working day;

 

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	 	Contract
    of Trust loans

 

Or a first
(including interest, "the existence of the downpayment loan interest beyond the calculation of interest on the way: each
period for each loan interest, interest payable = sigma (the day loans loan principal amount x []%/360 the loan sigma calculation
period for the loans on a node to the node information day (not including) the first calculation period for the period of loan
interest, (including) to the adjacent node information day (not included). At the end of a calculation period for the neighboring
node information day (inclusive) to the period of the loan maturity date (not including) the loan repaid completed (not included)。

 

(5) Under
this contract, the loan interest divided two ways of collecting:

 

A.
The first loan interest rate and payment time:

 

The borrower shall to the loan
payment date [3] a working days, a one-time payment of RMB [20.5 million yuan, as an integral part of the initial interest. The
borrower hereby confirmed that the initial loan interest is not to the borrower's actual borrowing period limit, the lenders charge
upfront loan interest, non refundable borrower nor for any reason on the initial loan interest to the lender of any claim.

 

B.
Remaining loan interest and payment time:

 

The
remaining loan interest calculated in accordance with the interest rate of a year 8%/2 , in the initial loan interest paid, full
6 months corresponding to the date of payment, if the payment date is not a business day, will be postponed to next working day.

 

Recovery
under this contract trust loan interest, Party A has the right to 3 working days to Party B to send the interest receivable in
advance notice, Party B guarantees at the appointed time according to the notice of the interest receivable, record the amount
of unconditional to party a pay interest and / or principal.

 

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	 	Contract
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3.2 After
Party A's receipt of Party B to pay the interest payments, such as Party A Party B's written request to provide the collection
documents ", the Party of the first part only according to its internal regulations issued by Party B to the stamped with
the interest income from a special financial stamp" receipts ", as the Party of the first part has received B to pay
interest on interest income certificate.

 

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.

 

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.

 

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	 	Contract
    of Trust loans

 

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: Industrial and Commercial
Bank of China Beijing branch of the Golden Tree Street

 

Account Name: National Trust Ltd

 

Account NO: 0200 2914 1920 0056
695

 

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.

 

Article
5 Guarantee measures

 

5.1 The guarantee
for the loan under this contract is:

 

Borrower
[Wuhan Kingold Co., Ltd.] under this contract trust loans provide pledge, mortgage and security matters and party a signed number
for NT support word 16-020-021-003, the pledge contract "and numbered for NT support word 16-020-021-004," mortgage
contract ", specific to the number of NT support word no. 16-020-013-003" pledge contract "and numbered for NT
support word no. 16-020-013-004 the mortgage contract of" Agreement shall prevail;

 

Assurance
in Wuhan show only Jewelry Co., Ltd., Jia Zhihong (ID number: 420102196111133118 under this contract trust loans provide joint
guarantee and ensures that matters to party a signed number for NT support word 16-020-021-005, the "guarantee contract"
and number for NT support, 16-020-021-006 word of "guarantee contract", specific to the "guarantee contract"
Agreement shall prevail.

 

5.2 Party
B has the obligation to promote the mortgage, the pledge and the guarantor and Party A on the specific guarantee of the contract
signed the relevant guarantee contract, the specific security matters related to the contract agreement shall prevail.

 

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	 	Contract
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5.3 Party
A shall have the right to request Party B or its designated third party to provide a separate guarantee when the value of the
guarantee is reduced or destroyed or lost.

 

5.4 If the
contract of two or more than two kinds of guarantee, Party A has the right to choose any of them a or several guarantee to achieve
security interests and chosen by Party A a or several guarantee does not affect and the exclusion of other security contract shall
enjoy any rights. Unless Party A written representation, Party of any of its guarantee rights fails to do so, part of the exercise
and / or delay in exercising shall not constitute the rights and gave up, also do not affect, stop and prevent Party A the right
to continue to exercise or the exercise of any other right.

 

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.

 

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	 	Contract
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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.。

 

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;

 

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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;

 

7.2.12 Party
B is being sued by other creditors for major debt disputes (Zhong Cai) or by the court (Zhong Cai institution) 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.

 

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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.

 

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, the three Fang Zengzi 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.

 

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Article
9 Supervision of the use of loan

 

9.1 The Party
A shall have the right to inspect the use of the trust loan funds under this contract after the trust loan fund is paid. Party
B shall according to Party A's requirements to the submitted a written report on the implementation of trust loan funds and the
corresponding funds to use certificate, including but not limited to, contracts, invoices, etc.; Party A has the right to the
use of on-site inspection loan, Party B shall actively cooperate with, and in accordance with the requirements of Party A, provide
relevant information.

 

9.2
The contents of Party A shall include but not limited to:

 

9.2.1 Whether
the use of loans to change, whether for land consolidation, whether the inflow of securities trading, futures trading, venture
capital and other laws and regulations and financial regulations prohibit the inflow of the field;

 

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

 

9.2.3 Other
circumstances that Party A considers to be checked.

 

9.3
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 lender
is a trust company established in accordance with the law;

 

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	 	Contract
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10.2 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;

 

10.3 The lender
is in accordance with the provisions of the trust contract to trust funds to issue loans under this contract.

 

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;

 

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;

 

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	 	Contract
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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;

 

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

 

    	 	- 19 -	 

     

    

 

	 	Contract
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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.

 

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;

 

    	 	- 20 -	 

     

    

 

	 	Contract
    of Trust loans

 

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 5%, 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;

 

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;

 

    	 	- 21 -	 

     

    

 

	 	Contract
    of Trust loans

 

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 percent 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 [10] million yuan, including the number), prior written consent of the lender;

 

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.

 

    	 	- 22 -	 

     

    

 

	 	Contract
    of Trust loans

 

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 pre tax 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 In the
validity period of the contract, the borrower in the event of discontinued, closed, cancellation of registration, revocation of
the business license, the legal representative or the main person in charge of the to engage in illegal activities, involving
the major litigation activities, production and operation of the serious difficulties, the deteriorating financial situation should
immediately notify the lender, according to lenders to implement the requirements of the contract under the debt settlement and
guarantee;

 

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

 

    	 	- 23 -	 

     

    

 

	 	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 can not 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;

 

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	 	Contract
    of Trust loans

 

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

 

(10) The collateral
endanger the contract creditor's rights security when appears one of the following circumstances: (I) collateral value decreased
significantly; (II) collateral is seized, lien, auction, supervision of the executive authorities, or ownership dispute; (III)
the mortgagor violates matters of mortgage contract either agreed or representations and warranties of any false, errors, omissions,
and (IV) endanger the lender guarantees the realization of the rights of other circumstances;

 

(11) Guarantee
(in whole or part) does not come into existence, not effective, invalid, revoked, rescinded, the guarantor defaults or expressly
or by their actions that will not perform the obligation of warranty, or the value of the security reduction, and other situations,
endangering the creditor's right security under this contract ;

 

(12) The borrower’s
guarantee for the pledge, dynamic pledge rate higher than 75%, and the borrower fails to cover short positions or repayment of
loans;

 

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	 	Contract
    of Trust loans

 

(13) For security
of the pledge, the borrower fails to insure according to the lenders’ requirement or renew the insurance before two months’
expire ;

 

(14) Other
circumstances in which the lender considers sufficient to affect the realization of the creditor's rights;

 

(15) The borrower
did not subscribe to the trust fund in accordance with the requirements of the lender;

 

(16) Other
contractual obligations in breach of this contract.

 

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 The lender
has the right to exercise one or more of the following events in the case of a breach of the above 16.1:

 

(1) Stop lending,
announce the loan in whole or in part due immediately, require the borrower to immediately repay the debt contract principal of
all loans and calculated interest rate and term of the loan interest according to the contract;

 

(2) In the
case of a breach of contract 16.1 other than the (2) and (3) of the borrower, the lender shall have the right to charge the borrower
a default payment with 0.1 % of the principal amount of the loan;

 

(3) The borrower
fails to repay the loan in full trust contract under the principal or interest (including all or part of loan principal and interest
payable announced by the lender that ahead of maturity), the lender shall have the right to require the borrower to pay within
a set time and then the unpaid loan principal since the late date according to the overdue penalty the interest rate ( rise up
to 50% according to the actual loan interest rates, which is overdue loans overdue impose a punitive interest rate = actual loan
fund rate X 150%) received daily penalty, until the trust loan repaid on time; when the accrued interest contract in accordance
with the loan interest rates rise up 50% by the recovery of profits since the late date interest payable, until paid in full.

 

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	 	Contract
    of Trust loans

 

(4) The borrower
misappropriation and diversion of the contract under the loan, the lender shall have the right in advance to recover the full
trust loans, and has the right to self misappropriation and diversion of the day was misappropriated loan trust principal by impose
a punitive interest rate (according to the actual loan annual interest rate broke surface 100%, that is, misappropriation of impose
a punitive interest rate = misappropriation of loan fund start lending in real interest rate x 200%) daily impose a punitive interest,
until the trust loan principal and interest in full settlement date.

 

If the borrower
is diverted to the misappropriation of loan under this contract and fails to return the principal and interest of loans should
be in accordance with higher penalty rates impose a punitive interest, can not impose.

 

(5) Requiring
the borrower to make corrections within a time limit.

 

(6) Enforcement
of security rights.

 

6.4 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.

 

6.5 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;

 

Article
17 The division of tolerance and clause

 

17.1 within
the validity period of the contract, lenders to borrowers any default given any tolerance, grace or delay the exercise, not the
rights under the contract, are without prejudice, affect or restrict the lender, in accordance with the provisions of this contract
and the provisions of relevant laws to enjoy all the benefits, regarded as the lender of any default by the license, shall not
be regarded as the lender any default to take legal action to give up, also should not be regarded as a lender to under this contract
rights, rights and interests of give up, nor does it affect the borrower in the contract should bear any obligation.

 

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	 	Contract
    of Trust loans

 

17.2 the rights,
interests and remedies provided for in this Agreement are cumulative and may be exercised at the same time, and may be exercised
separately, without the exclusion of any other rights, interests and remedies provided by law.

 

17.3 if any
provision of this contract is null and void and does not affect the validity of any other provision of this contract.

 

Article
18 Secrets

 

18.1 Both
parties assume the obligation of confidentiality on matters related to this contract and the contract , without the written consent
of the other party, any party shall this contract any related matters in addition to the contract related when disclosure parties
other than the others, but because of the following situations of disclosure except:

 

1) The disclosure
obligations of the lender to the client and the beneficiary, in fulfillment of the information disclosure obligations specified
in the legal regulations or trust documents;

 

2) In the
normal course of business commissioned audit, lawyers and other staff to the disclosure, but the premise is the staff must be
on the aforementioned work informed with the contract related information undertakes the obligation to keep confidential.

 

3) The information
and documents can be obtained from the public access or disclosure of the information is required by laws and regulations;

 

4) To the
court or in accordance with the requirements of any pre litigation disclosure procedures or similar procedures, or in accordance
with the legal procedures adopted by the disclosure relating to the contract;

 

    	 	- 28 -	 

     

    

 

	 	Contract
    of Trust loans

 

5) The lender's
disclosure to the financial regulatory authorities in accordance with the requirements of the financial;

 

6) Disclose
to the transferee or the potential transferee as a result of the lender's disposal of the loan.

 

18.2 The provisions
of this article shall remain in effect after the termination of this contract.

 

Article
19 Changes, termination and termination of the contract

 

19.1 Except
as otherwise provided in this contract, any party may unilaterally modify or terminate this contract after the effect of this
contract. Modifications or changes to the contract must be agreed upon by the lender and the borrower and a written agreement
shall be reached.

 

19.2 The borrower
hereby agree that the lender has the right to the contract under all or part of the transfer of rights to the third person, no
need to ask the borrower's consent, but the lender shall timely notify the borrower of the above transfer matters; not the written
consent of the lender, the borrower shall not the contract under the obligations transferred to the third party.

 

19.3 In case
of national laws, regulations, rules or policy changes, resulting in all or part of the terms of the contract no longer meets
the requirements of national laws, regulations, rules or policies, both the lender and the borrower shall consult promptly as
soon as possible to amend the relevant provisions.

 

19.4 The two
parties shall notify each other in time and take effective measures to prevent the loss of the expansion as a result of force
majeure. Suffer from force majeure party should provide about the document of the events of force majeure occurrence and impact
of the event of force majeure to each other after the incident 15workdays , the details and the relevant government departments
issued. The two sides should promptly consult the solution.

 

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	 	Contract
    of Trust loans

 

19.5 Trust
is not established; the lender has the right to terminate this contract and does not have to bear the liability for breach of
contract. Such as for borrowers do not provide timely relevant loan before the review, the guarantor not timely processing of
related security procedures and other reasons resulting in trust is not established, the lender has the right to require the borrower
and guarantor bear the resulting liability for damages.

 

Article
20 Notice

 

20.1 Notification
and delivery

 

20.1.1 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 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.

 

20.1.2 The
two parties confirm the contact details as follows:

 

Party A: National
Trust Ltd

Contact: Zhang
Lei

Address: Yard
1, Anwai Binhe West Road No. 18, Dongcheng District, Beijing City, Zip code: 100011

Tel: 029-86265402

Fax: 029-86265402

 

    	 	- 30 -	 

     

    

 

	 	Contract
    of Trust loans

 

Party B: Wuhan
Kingold jewelry Limited by Share Ltd

Contact: Huang
Yi

Address: No.
15, Economic Development Area, Jiangan District, Wuhan

Zip code: 430023

Tel: 027-65694977

Fax: 027-65694977

 

20.1.3 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
21 Applicable of law and dispute resolution

 

21.1 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).

 

21.2 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.

 

    	 	- 31 -	 

     

    

 

	 	Contract
    of Trust loans

 

21.3 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
22 Effective conditions and conditions of the loan contract

 

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

 

22.2 This
contract shall fail when satisfy the following conditions:

 

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

 

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

 

Article
23 Other matters stipulated by Party A and Party B

 

23.1 According to "Trust
industry security fund management approach" of China Banking Regulatory Commission and related regulatory policies, Party
B shall entrust Party A to subscribe trust industry security fund. Party B should sign “Trust industry security fund subscription
agreement” according to the requirements of Party A and the industry commissioned subscription agreement "and subscribe
trust industry security fund in time accordance with the contract, the amount should be 1% of the loan fund from Party A to Party
B.

 

23.2 Issues unmentioned in the
contract, the lenders and the borrowers negotiate to deal, or shall perform in accordance with the provisions of relevant laws
and regulations of the state. The two parties may reach a written supplementary agreement in writing by the laws and administrative
rules and regulations, which shall have the same legal effect as this contract.

 

23.3 This agreement is in 8 duplicates.
Part A and Part B each have two copies. Remaining used for the relevant procedures, each of which has the same legal effect.

 

    	 	- 32 -	 

     

    

 

	 	Contract
    of Trust loans

 

Special note: All the terms
and conditions of this contract have been fully negotiated. Text in print statements of the contract and the handwritten text
representation have equal effect. The borrower shall ensure that prior to the signing of this contract have to has fully paid
attention to the terms of the waiver or limitation of liability and terms and conditions agreed upon by the borrower under this
contract before signing this contract. Both parties have no objection to understand all the terms and conditions of this contract.

 

(No
body)

 

    	 	- 33 -	 

     

    

 

	 	Contract
    of Trust loans

 

(This is signature page with number "NT
16-020-021-002" of the "contract of trust loans", no body)

 

	Party A:  National Trust Co., Ltd	 	Party B: Wuhan Kingold Jewelry Co., Ltd
	 	 	 
	Legal representative:	 	Legal representative:
	 	 	 
	Authorized representative	 	Authorized representative
	 	 	 
	(signature or seal):	 	(signature or seal):
	 	 	 
	Signing date: July 11st, 2016	 	 
	 	 	 
	Place of signing: [Chaoyang District, Beijing]	 	 

 

    	 	- 34 -Exhibit 10.34

 

 

 

Trust Loan Contract for Assembled Funds

Trust Plan between JIC Trust Co., Ltd and 

Yongquan Series (Kingold Jewelry) 

 

 

 

Contract No.: [JIC Trust (2016) Hang Tou
Ji 006-01]

 

JIC Trust Co., Ltd

 

August 2016

 

     

     

    

 

Party A (the Loaner): JIC Trust Co., Ltd

 

	Residence:
    Zones C & D, Floors 18~19 (Tower A), 1# 

    Building, Legend City EAC Center (Tower A), 18#
    

    Jiaogong Road, Hangzhou City	 	Post
    Code: 310012
	Legal
    Representative: Yang Jinlong
	Telephone:
    0571-89891626	 	Fax:
    0571-85064871

 

Party B (the Borrower): Wuhan Kingold Jewelry
Inc.

 

	Residence:
    1# Jinhuang Road, Jiang’an Economic 

    Development Zone, Wuhan City	 	Post
    Code: 430023
	Legal
    Representative: Jia Zhihong
	Telephone: 027-65660346	 	Fax: 027-65660703

 

Hereafter, Party A and Party B are separately
called “one party” and jointly called “both parties”.

 

Whereas:

 

Party B intends to apply
to Party A for RMB trust loan, and Party A agrees to issue loans to Party B as agreed in the Contract. Hereby, both parties conclude
the following contract for mutual compliance through negotiation on the basis of equality principle.

 

    	 	- 1 -	 

     

    

 

Definition and Interpretation Rule

 

1. Definition

 

Unless otherwise interpreted
in the Contract or indicated in the context, the following terms or abbreviations should be defined as follows:

 

		(1)	The
                                         Contract: it refers to the Trust Loan Contract for the Assembled Funds Trust Plan
                                         between JIC Trust Co., Ltd and Yongquan Series (Kingold Jewelry) [Contract No.: Contract
                                         No.: JIC Trust (2016) Hang Tou Ji 006-01] concluded and signed between both parties,
                                         as well as any valid revision and supplementation thereto.

 

		(2)	Cooperation
                                         documents: the cooperation documents refer to the Contract and the documents concluded
                                         and signed between Party A and Party B or the third party for the cooperation issues
                                         as agreed in the Contract, including but not limited to:

 

		A	Guaranty
                                         Contract [Contract No.: JIC Trust (2016) Hang Tou Ji 006-02] concluded and signed
                                         between Party A and Jia Zhihong;

 

		B	Gold
                                         Pledge Contract [Contract No.: JIC Trust (2016) Hang Tou Ji 006-03] concluded and
                                         signed between Party A and Wuhan Kingold Jewelry Inc. (hereinafter referred to as “Kingold
                                         Jewelry”).

 

		(3)	Trust
                                         plan: it refers to the “Trust Loan Contract for the Assembled Funds Trust Plan
                                         between JIC Trust Co., Ltd and Yongquan Series (Kingold Jewelry)”, legally concluded
                                         between the consignor and the consignee, for the consignor to entrust the funds or other
                                         properties legally owned and able to be freely disposed thereby to Party A on the basis
                                         of the sufficient trust to Party A as the consignee and to allow the consignee to mange,
                                         utilize and dispose the funds or other properties in his/her own name according to the
                                         consignor’s intentions.

 

		(4)	Trust
                                         loan or loan: it refers to the loan issued by Party A from the trust fund under the
                                         trust plan to Party B, including lump loan or various loans issued by installment.

 

		(5)	Borrowing
                                         account: it refers to the bank account opened by Party B for receiving the trust
                                         loan fund from Party A.

 

		(6)	Collection
                                         account: it refers to the bank account opened by Party A for collecting the principal,
                                         interest, default penalty, etc. paid by Party B for the loan concerned.

 

    	 	- 2 -	 

     

    

 

		(7)	Loan
                                         term: it refers to the trust loan term specified in Article 3 of the Contract.

 

		(8)	Loan
                                         interest rate: it refers to the annual interest rate of the loan specified in Article
                                         4.1 of the Contract.

 

		(9)	Default
                                         interest rate: it refers to the overdue default interest rate and the defalcation
                                         default interest rate specified in Articles 4.3 & 4.4 of the Contract.

 

		(10)	Interest
                                         expiry date: it refers to the loan interest accounting date specified in Article
                                         6.1.2 of the Contract.

 

		(11)	Interest
                                         payment date: it refers to the loan interest payment date specified in Article 6.1.3
                                         of the Contract.

 

		(12)	Prerequisite
                                         conditions for loan issuance: it refers to the precondition specified in Articles
                                         11.1 & 11.2 of the Contract for the loan issuance of Party A.

 

		(13)	Loan
                                         confirmation: it refers to the reception confirmation document signed by Party B
                                         according to Party A’s requirements for format and content and meanwhile submitted
                                         to Party A.

 

		(14)	Target
                                         item: it refers to the gold purchasing and storage issues regarding Kingold Jewelry.

 

		(15)	Pledgor:
                                         the pledgor is Kingold Jewelry.

 

		(16)	Warrantor:
                                         the warrantor is Jia Zhihong.

 

		(17)	Guarantor:
                                         the pledgor and the warrantor are jointly called the guarantor.

 

		(18)	Liability:
                                         it refers to all external payment or repayment obligations of Party B, regardless
                                         of property, principal debt or guarantee duty, actual or probable obligation, due or
                                         undue debt.

 

    	 	- 3 -	 

     

    

 

		(19)	Major event: it means that
                                         Party B has significant change in legal status, assets condition, financial condition
                                         or business condition, and according to Party A’s reasonable judgment, such change
                                         has brought or will bring significant adverse impact on Party B’s capability for
                                         performing the obligations under the Contract.

 

		(20)	Below or less than: such
                                         words as “below” and “less than” mentioned in the Contract all
                                         exclude the number concerned.

 

		(21)	Accounting standard: it
                                         refers to the currently effective accounting standard which conforms to the Chinese laws
                                         and is universally accepted within China.

 

		(22)	China: it refers to the
                                         People’s Republic of China, excluding Hong Kong Special Administrative Region,
                                         Macao Special Administrative Region and Taiwan Region.

 

		(23)	Working day: it refers
                                         to any day except Saturday, Sunday (excluding the days adjusted by the State Council
                                         as the working days) and statutory holidays in China.

 

		(24)	Organization: it refers
                                         to the legal person and other legal organizations.

 

		(25)	Laws: the laws refer to
                                         all laws, regulations, rules, specifications, ordinances, instructions, etc., which are
                                         issued by any legislative body, state institution or supervision organization in China,
                                         and which apply to and restrain any party under the Contract.

 

		(26)	Yuan: unless otherwise
                                         specified in the Contract, Yuan refers to the legal tender in China, namely RMB.

 

2. Interpretation rule

 

		(1)	The contents and the titles of
                                         the terms of the Contract are only set for convenient reading, and may be ignored for
                                         the interpretation of the contract terms.

 

		(2)	“Assets” should be
                                         understood as all present and future tangible or intangible assets, properties, incomes,
                                         profits, receivables and various rights and interests in any asset.

 

    	 	- 4 -	 

     

    

 

		(3)	“Person” should be
                                         understood as any natural person, company, partnership, individual proprietorship, or
                                         any other legal person, or unincorporated organization, or any other legal entity.

 

		(4)	“Existence” of one
                                         default event means that the default event concerned has occurred and not disappeared,
                                         and has not been compensated or exempted according to the Contract.

 

		(5)	“One month” refers
                                         to a period calculated from one day (including current day) of a calendar month to the
                                         corresponding day (excluded) of the next calendar month, but if the corresponding day
                                         is not included in the next calendar month, the period should be ended at the last day
                                         of the next calendar month.

 

		(6)	“Period” or “term”
                                         refers to the duration from the starting date (included) to the expiry date (excluded).
                                         The “days/actual days” of a “period” or “term” refer
                                         to the days from the starting date (included) to the expiry date (excluded).

 

		(7)	“Business cessation”,
                                         “dismission”, “liquidation”, “bankruptcy”, “reorganization”,
                                         “reconciliation” or “rectification” of any person should be understood
                                         as any same or similar legal procedure initiated according to the laws of the establishment
                                         place or the business operation place, and the “initiation” of such legal
                                         procedure should include that the person concerned agrees the decision or any person
                                         applies for initiating such legal procedure.

 

		(8)	One party or any other person under
                                         the Contract should include the legal inheritor and the permissible assignee.

 

		(9)	The Contract, any other agreement
                                         or document should include above data themselves and any revision, modification, replacement
                                         or supplementation frequently made thereto according to the applicable terms thereof.

 

    	 	- 5 -	 

     

    

 

Special Terms and
Conditions

 

Article 1 Loan Currency
and Amount

 

		1.1	The amount of the loan is RMB 300,000,000
                                         (Amount in Words: RMB THREE HUNDRED MILLION ONLY) (“Trust Loan Principal”).

 

		1.2	In case the actual loan amount is inconsistent
                                         with above amount, the amount actually transferred from Party A to the borrowing account
                                         should be regarded as the loan amount.

 

Article 2 Intended
Use of the Loan

 

		2.1	The loan is dedicated for the gold purchasing
                                         and storage of Kingold Jewelry. Without the written consent from Party A, Party B should
                                         not change the intended use of the loan.

 

		2.2	Party A should not entrust any supervision
                                         bank to supervise the loan use of Party B.

 

Article 3 Loan Term

 

		3.1	The term of any loan under the Contract
                                         should be [twenty four] months, calculated from the date of the actual loan transfer
                                         to the borrowing account (namely “each loan issuance date” to the loan expiry
                                         date mentioned above (namely “each loan expiry date”). The term of the loan
                                         under the Contract should not be extended. For the prepayment, please refer to Article
                                         13 of the Contract.

 

		3.2	According to the conditions specified
                                         in the Contract, in case Party A announces loan expiry acceleration or Party B applies
                                         for prepayment and Party A agrees such application, the date clearly indicated in Party
                                         A’s notification for the loan expiry acceleration should be regarded as the accelerated
                                         expiry date of all loans under the Contract (“accelerated loan expiry date”).

 

Article 4 Loan Interest
Rate and Interest

 

		4.1	The annual interest rate of the loan
                                         under the Contract is [8%/year], and should not be adjusted within the loan term.

 

    	 	- 6 -	 

     

    

 

The corresponding
interest should be calculated for the loan under the Contract since the loan issuance date according to the interest rate agreed
in the Contract, and the daily interest rate should be calculated as annual interest rate/360. Unless otherwise specified, the
interests of various loans within the loan term should be calculated as: loan interest rate = trust loan principal x actual loan
days x daily interest rate. Therein, each trust loan principal balance refers to the difference between the total amount of the
trust loans issued by Party A and the total amount of the loan principal actually repaid by Party B (hereinafter inclusive). Within
the loan term, in case any trust principal balance is changed, the loan interest should be calculated by installment. Additionally,
the actual days of each loan refers to the days from the issuance date to the expiry date of the loan concerned.

 

		4.2	In
                                         case the Borrower fails to pay off any due payables as agreed in the Contract, additional
                                         interests should be collected for such overdue funds at [50]% (“overdue default
                                         interest rate”) of the loan interest rate since the overdue date till all payables
                                         are paid off.

 

		4.3	In
                                         case the Borrower embezzles any loan fund, additional interests should be collected for
                                         such embezzled funds at [100]% (“embezzlement default interest rate”) of
                                         the loan interest rate since the embezzlement occurrence date till the end of such embezzlement.

 

		4.4	In
                                         case the same loan is overdue and embezzled, the higher default interest rate should
                                         prevail.

 

		4.5	For
                                         the interests incurred from the overdue funds and the embezzled funds, the compound interests
                                         should be calculated according to the corresponding default interest rate.

 

		4.6	For
                                         any unliquidated funds under the Contract, the corresponding interests should be calculated
                                         and/or the default interests should be daily calculated according to the actual days,
                                         and the daily interest rate should be calculated as annual interest rate/360.

 

Article 5 Borrowing
Account

 

		5.1	Party A should transfer the loan to
                                         the following borrowing account designated by Party B within three working days after
                                         the prerequisite conditions of the loan concerned can be met:

 

    	 	- 7 -	 

     

    

 

Account Name: Wuhan Kingold Jewelry
Inc.

 

Deposit Bank: Wuhan Jiang’an
Branch, CCB

 

Account No.: 4200 1116 2080 5301
7159

 

		5.2	After
                                         transferring any loan under the Contract to above borrowing account, Party A should be
                                         deemed to issue the loan to Party B, and Party B should bear the responsibility and obligation
                                         for principal and interest repayment.

 

Article 6 Principal and Interest Repayment

 

		6.1	The interest of the loan under the Contract
                                         is divided into two parts for repayment, namely the first loan interest and the second
                                         loan interest:

 

6.1.1 The first
loan interest should be paid before December 25, 2016, and the payable interest of each first loan should be calculated as the
amount of the trust loan issued thereby for current period x 1%. Particularly, where Party B repays the loan as agreed in the
Contract or Party A, according to the Contract, requests Party B to repay part or all of the trust loan principals, the loan interest
concerned should not be returned.

 

6.1.2 The second
loan interest should be calculated on each interest expiry date, and the interest expiry date should be: (1) the [25th]
day of the last month of each natural quarter within the loan term; (2) the date when Party B repays part or all of the loan principals
as agreed in the Contract; (3) the loan expiry date. The payment date should be the interest expiry date, and if the interest
expiry date is a non-working day, the payment date should be the recent working day before the interest expiry date.

 

6.1.3 The payable
interest of each second loan = the amount of trust loan principal x actual days of current accounting period x [7.5%]/360. In
order to avoid doubt, the loan interest paid by Party B on each payment day should be the sum of the second payable loan interests
for current period.

 

Within the above
accounting period, in case the loan principal balance is changed, the corresponding loan interest should be calculated by installment.
The actual days of current accounting period should be the days between the last interest expiry date and the current interest
expiry date. Specially, the actual days of the first accounting period should be the days between the loan issuance date of each
loan to the last interest expiry date after the loan issuance date of each loan, and the actual days of the last accounting period
should be the days between the recent interest expiry date before the expiry date of the corresponding loan and the expiry date
of the corresponding loan.

 

    	 	- 8 -	 

     

    

 

6.1.4 In case
a certain trust loan under the Contract is prepaid, the sum of the first loan interest and the second loan interest actually paid
by Party B should be equal to the amount calculated according to the actual existence days x 8%/360, namely: the first loan interest
+ the second loan interest of the loan = the trust loan principal balance x actual loan existence days x 8%/360.

 

		6.2	Unless
                                         otherwise specified, Party B should pay off the loan principal, the interest accrued
                                         and other expenses on the loan expiry date.

 

		6.3	Fund
                                         collection measure is [not adopted] for the project.

 

		6.4	For
                                         the loan under the Contract, Party B should firstly repay the interest accrued and then
                                         the principal.

 

		6.5	Party
                                         B should pay the loan principal, interest, default penalty and other expenses as agreed
                                         in the Contract to the following collection account designated by Party A:

 

Account Name:
JIC Trust Co., Ltd

 

Deposit Bank:

 

Account No.:

 

		6.6	Party
                                         B should pay off the payable funds under the Contract at a full amount, without any offset,
                                         claim or restriction, or any taxation expense deduction or pre-withholding.

 

		6.7	In
                                         case any fund received by Party A is less than the fund that should be paid by Party
                                         B as agreed in the Contract as of the payment date of the fund concerned, Party A has
                                         the right to transfer the funds according to the sequence of 1 the expenses for
                                         the realization of the creditor’s rights and the damage compensation, and the default
                                         penalty; 2 the default interest and compound interest payable; 3 the interest
                                         payable; 4 the loan principal, and any insufficient amount should be supplemented
                                         by Party B.

 

Article 7 Fund Supervision

 

The Contract is [inapplicable] to
the fund supervision measures.

 

    	 	- 9 -	 

     

    

 

Article 8 Guarantee Arrangement

 

		8.1	In
                                         order to guarantee Party A’s interests, Party B has the obligation to ensure that
                                         the following guarantee and supervision arrangements are implemented according to the
                                         conditions and ways specified in the Contract.

 

		(1)	Provide
                                         warranty guarantee to Party A according to the Guaranty Contract [Contract No.:
                                         JIC Trust (2016) Hang Tou Ji 006-02];

 

		(2)	Provide
                                         pledge guarantee to Party A according to the Gold Pledge Contract [Contract No.:
                                         JIC Trust (2016) Hang Tou Ji 006-03];

 

		8.2	Within
                                         the loan duration, in case Party B and the guarantor concerned apply for changing the
                                         guarantee measure, Party B and the guarantor concerned should submit the written application
                                         to Party A thirty working days in advance, and should, after receiving the written consent
                                         from Party A, provide Party A with movable property, right, land usage right, house property
                                         or other assets accepted by Party A; Party A has the right to employ professional assessment
                                         agency to assess the substitute guaranty, and Party B should bear the assessment expense
                                         incurred, and the estimated value of the new guaranty should not be lower than that of
                                         the original guaranty.

 

		8.3	Party
                                         B /The guarantor should sign the corresponding pledge contract, guaranty contract, etc.
                                         and handle the pledge procedure for the substitute guaranty, and the original guarantor
                                         can be cancelled after the pledge procedure for the substitute guaranty is completely
                                         handled.

 

Article 9 Notification and Delivery

 

		9.1	Unless
                                         otherwise specified in the Contract for call instruction or notification, all notifications,
                                         requests, instructions and other communications required or allowed in the Contract to
                                         be provided to any party should be issued in a written form, and the party issuing such
                                         notification or the representative thereof should sign the notification. Moreover, the
                                         notification should be delivered through fax, or specially-assigned person, or prepaid
                                         registered mail, or email or express delivery to the address or fax No. listed below
                                         (or other address or fax No. formally notified according to this article):

 

    	 	- 10 -	 

     

    

 

Party A: JIC Trust Co., Ltd

 

Contact Person: Zhu Zhiyue

Address: Zones C & D, Floors
18~19, Building 1, Legend City EAC Center (Tower A), 18# Jiaogong Road, Hangzhou City 

Post Code: 310012

Telephone: 0571-89891626 

Fax: 0571-85064871

 

Party B: Wuhan Gold Jewelry Inc.

 

Contact Person: Li Qing

Address: 1# Jinhuang Road, Jiang’an
Economic Development Zone, Wuhan City 

Post Code: 430023

Telephone: 027-65660346 

Fax: 027-65660703

 

		9.2	The
                                         notifications delivered through specially-assigned person, fax, email, mail or express
                                         delivery should be deemed to be effectively delivered at the following time:

 

		1	When
                                         being sent by the specially-assigned person to the designated address, the notification
                                         should be deemed to be delivered;

 

		2	In
                                         case of fax delivery, when the fax is sent or the fax machine has generated the conformation
                                         for successful transmission, the notification should be deemed to be delivered;

 

		3	In
                                         case of prepaid registered mail delivery, the notification should be deemed to be delivered
                                         at the fifth working day after mail submission;

 

		4	In
                                         case of email delivery, the notification should be deemed to be delivered when the email
                                         is sent to the email server of the receiver;

 

		5	In
                                         case of special express delivery, the notification should be deemed to be delivered at
                                         the third working day after express delivery submission.

 

		9.3	In
                                         case the address or contact information of any party is changed, the changing party should
                                         inform the other party in a written form within fifteen working days since the date of
                                         change. However, the documents sent by the other party according to the previous contact
                                         information before receiving the change notice should be deemed as valid documents

 

    	 	- 11 -	 

     

    

 

Article 10 Contract
Termination

 

		10.1	In case of any one of the following
                                         conditions, the Contract may be terminated:

 

		(1)	In
                                         case Party A’s interests are significantly influenced due to Party B’s default
                                         behaviors and accordingly the contract conclusion basis for contract performance becomes
                                         unnecessary or impossible, Party A has the right to terminate the Contract through a
                                         written notice.

 

		(2)	Due
                                         to condition change, the Contract is agreed to be terminated through the negotiation
                                         between both parties.

 

		(3)	Other
                                         contract termination conditions regulated in laws or specified in the Contract.

 

		10.2	In
                                         case the Contract is terminated or the loan expiry date is antedated due to the reasons
                                         not attributed to Party A, Party B should once pay the loan principal and interests accrued
                                         to Party A at a full amount within three working days since the date of contract termination,
                                         and furthermore, Party B should pay ten million Yuan as the default penalty to Party
                                         A, except that Party B prepays the loan according to Article 13 of the Contract.

 

		10.3	In
                                         case the Contract is terminated through a written notice, the date indicated in the written
                                         notice should be deemed as the date of formal contract termination. In case the Contract
                                         is terminated through negotiation, the date when both parties reach an agreement for
                                         contract termination should be deemed as the date of formal contract termination.

 

		10.4	The
                                         contract termination should not influence the right for one party to claim for damage
                                         compensation from the other party.

 

General Terms and
Conditions

 

Article 11 Loan Issuance

 

		11.1	Party A can issue the initial loan
                                         only when all following conditions are met, and one or more prerequisite conditions may
                                         be abandoned or exempted by Party A in a written form (prerequisite conditions for initial
                                         loan issuance):

 

    	 	- 12 -	 

     

    

 

		(1)	Where
                                         Party B should obtain the authorization, approval or consent from relevant government
                                         organization and any third party for the contract signing or for the performance of the
                                         business indicated in the Contract, Party B has obtained such authorization, approval
                                         or consent which continuously has full validity.

 

		(2)	Both
                                         parties should have completed all internal approval procedures (for the Contract, cooperation
                                         documents, etc.) regarding the cooperation, and obtained all necessary authorizations
                                         (including but not limited to the resolutions of the board and the share meeting and
                                         other documents).

 

		(3)	There
                                         is no any administrative act, administrative decision, third party agreement, lawsuit
                                         or any other administrative or judicial process or threat which can prohibit or restrict
                                         the Contract or cause substantial damage compensation to the Contract or substantially
                                         increase Party A’s cost for contract performance; the contract signing and performance
                                         of Party B will not violate any legal requirement or any regulation of the binding document.

 

		(4)	The
                                         Contract and each cooperation document have been signed and submitted to Party A and
                                         have come into effect, and the pledged gold regarding the cooperation document has been
                                         completely detected, accepted by Party A and stored in the bank custody issued in the
                                         name of Party A; meanwhile, the hypothec should have legally come into effect and the
                                         corresponding documentary evidence should have been obtained and submitted to Party A.

 

		(5)	The
                                         third party property insurance for the pledged gold should have come into effect and
                                         confirmed by Party A.

 

		(6)	The
                                         causes which may influence Party A’s loan issuance under the contract or Party
                                         A’s contract performance should not exist, such as alternation or issuance of laws,
                                         change of national micro-control policy, new supervision requirement proposed by relevant
                                         administration department or Party A’s funding failure.

 

		(7)	Party
                                         B, the guarantor and any party of relevant contract signed with Party A according to
                                         the Contract should not have no any default behavior or involve in any event probably
                                         threatening Party A’s rights security under the Contract, the Guarantee Contract
                                         and relevant contracts.

 

    	 	- 13 -	 

     

    

 

		(8)	The
                                         business condition and the financial condition of Party B and the guarantor should not
                                         have significant adverse change.

 

		(9)	Party
                                         A’s trust plan for the loan should have been established.

 

		(10)	The
                                         loan issued by Party A under the Contract should not be prohibited or restricted by laws
                                         & regulations, rules or the supervision department.

 

		(11)	Other
                                         conditions required by Party A.

 

		11.2	Party
                                         A can issue subsequent loans only when all following conditions are met, and one or more
                                         prerequisite conditions may be abandoned or exempted by Party A in a written form (prerequisite
                                         conditions for subsequent loan issuance):

 

		(1)	The
                                         prerequisite conditions mentioned in Article 11.1 should be continuously met and effective.

 

		(2)	Party
                                         A should have funded for the corresponding trust fund of the loan concerned.

 

		(3)	The
                                         causes which may influence Party A’s loan issuance under the contract or Party
                                         A’s contract performance should not exist, such as alternation or issuance of laws,
                                         change of national micro-control policy, new supervision requirement proposed by relevant
                                         administration department or Party A’s funding failure.

 

		(4)	The
                                         signing parties of the cooperation document should not have no any default behavior or
                                         involve in any event probably threatening Party A’s rights security under the cooperation
                                         document.

 

		(5)	The
                                         business condition and the financial condition of Party B and the guarantor should not
                                         have significant adverse change.

 

		(6)	Other
                                         conditions required by Party A.

 

		11.3	In
                                         case any condition mentioned in Article 11.1 is not met, Party A has the right to refuse
                                         to issue the initial loan according to the Contract, without bearing any responsibility;
                                         in case any condition mentioned in Article 11.2 is not met, Party A has the right to
                                         refuse to issue the subsequent loans according to the Contract, without bearing any responsibility;
                                         moreover, Party A has the right but no obligation to abandon or exempt any one or more
                                         conditions mentioned in Articles 11.1 & 11.2, and also has the right to request to
                                         supplement other prerequisite conditions for loan issuance. Party B should ensure that
                                         the prerequisite conditions for loan issuance can be continuously met within the loan
                                         term.

 

    	 	- 14 -	 

     

    

 

		11.4	In
                                         case the prerequisite conditions for loan issuance cannot be met due to Party B, Party
                                         B should be regarded as the defaulting party to compensate all losses caused thereby
                                         to Party A, and Party A has the right to unilaterally terminate the Contract, without
                                         bearing any responsibility.

 

		11.5	Party
                                         B should issue the loan confirmation with the reserved legal seal (see Annex 1) to Party
                                         A within three working days since the reception of the loan concerned under the Contract.

 

		11.6	Before
                                         certain loan issuance, in case Party A fails to issue certain loan under the Contract
                                         or perform the Contract as intended due to alternation or issuance of laws, change of
                                         national micro-control policy, new supervision requirement proposed by relevant supervision
                                         department of Party A, or unestablished trust plan, or trust plan funding failure, etc.,
                                         Party A has the right to stop issuing part or all of the loans and/or to unilaterally
                                         terminate the Contract, without bearing any default responsibility, and Party B should
                                         not have any objection thereupon.

 

Article 12 Transfer of Rights and Obligations

 

		12.1	Party
                                         A may transfer all or part of the rights or obligations thereof under the Contract, without
                                         being agreed by Party B, and may inform Party B in an appropriate way after transfer.

 

		12.2	Without
                                         the written consent from Party A, Party B should not transfer any right or obligation
                                         under the Contract.

 

Article 13 Prepayment

 

		13.1	After
                                         each loan is borrowed for twelve months, Party B may apply for prepayment and Party A
                                         may also request Party B for prepayment. In case of proposing the prepayment requirement,
                                         the party concerned should send the written notice to the other party within two months.
                                         After receiving the prepayment notice from Party B, Party A should inform Party B in
                                         a written form for confirmation.

 

    	 	- 15 -	 

     

    

 

		13.2	The accelerated expiry date of certain
                                         loan should be confirmed according to Article 3.2 of the Contract. Afterwards, Party
                                         B should perform the prepayment obligation as agreed in the Contract. For the prepayment,
                                         the corresponding loan interest should be paid according to Articles 4.1 & 6.1 of
                                         the Contract.

 

Article 14 Party A’s Rights and Obligations

 

		14.1	Party A’s rights

 

		(1)	Party A has the right to request
                                         Party B to repay the loan principal and interest and the expenses incurred at a full
                                         amount as scheduled, and perform various rights and obligations specified in the Contract.

 

		(2)	Party A has the right to collect
                                         the loan principal and interest, the overdue interest, the default penalty interest,
                                         the compound interest, the default penalty and other payable expenses as scheduled or
                                         in advance according to laws or the Contract.

 

		(3)	Party A has the right to understand,
                                         investigate and inspect the production & operation and financial activities of Party
                                         B, check and copy relevant data.

 

		(4)	Party A may inspect and supervise
                                         the intended use of the loan issued thereby to Party B, and Party B should cooperate
                                         with Party A for loan payment management, after-loan management and relevant inspection.
                                         Party A’s inspection and supervision measures should include but not be limited
                                         to: (i) requesting Party B to provide the effective evidence for loan use; (ii) carrying
                                         out account analysis, voucher inspection or field investigation for the loan use and
                                         (iii) other legal ways. (In case the Fund Supervision Agreement is concluded and
                                         signed between both parties, Party A may not only perform the supervision rights thereof
                                         according to the specific regulation of the Fund Supervision Agreement, but also
                                         inspect and supervise the use of the loan issued thereby to Party B through a reasonable
                                         way considered thereby.)

 

		(5)	There is no need for Party A to
                                         issue the interest invoice for the loan under the Contract, and if it is required by
                                         Party B, Party A may issue the corresponding interest receipt.

 

		(6)	Other rights specified in laws
                                         and agreed in the Contract.

 

    	 	- 16 -	 

     

    

 

		14.2	Party A’s obligations

 

		(1)	Party A should issue the loans
                                         to Party B as agreed in the Contract.

 

		(2)	Other obligations specified in
                                         laws and agreed in the Contract.

 

Article 15 Party B’s Rights and Obligations

 

		15.1	Party B’s rights

 

		(1)	Party B has the right to request
                                         Party A to issue the loans as agreed in the Contract.

 

		(2)	Party B has the right to use all
                                         loans as agreed in the Contract.

 

		(3)	Other rights specified in laws
                                         and agreed in the Contract.

 

		15.2	Party B’s obligations

 

		(1)	Party B should truthfully provide
                                         all documents required by Party A within three working days since the reception of the
                                         notice from Party A, and cooperate with Party A for investigation, examination and inspection.

 

		(2)	Party B should accept the supervision
                                         from Party A for loan use, relevant fund use, production & operation and financial
                                         activities.

 

		(3)	Party B should use the loans as
                                         agreed in the Contract.

 

		(4)	Party B should repay the loan principal
                                         and interest at a full amount as agreed in the Contract.

 

		(5)	Party B should provide Party A
                                         with the copy of the financial statement (including the annexed tables) at the latest
                                         within thirty days after the end of each natural quarter.

 

		(6)	Party B should provide the copy
                                         of the financial statement (including the annexed tables) for last year at the latest
                                         before April 30 of each year, and should ensure that the financial statement provided
                                         thereby is prepared according to laws & regulations and accounting standards.

 

		(7)	The financial statement or the
                                         copies of other documents provided by Party B should be stamped with the corresponding
                                         official seal.

 

		(8)	Party B should not neglect management
                                         or press for the payment of due credit, or dispose the properties owned thereby freely
                                         or improperly or at a price obviously lower than the market price.

 

		(9)	Party B should not involve in dismission,
                                         liquidation or any other behavior influencing the realization of creditor’s rights
                                         of Party A.

 

    	 	- 17 -	 

     

    

 

		(10)	In case of any one of the following
                                         conditions, Party A should immediately inform Party A in a written form and cooperate
                                         with Party A to implement the guarantee measures for the scheduled full-amount payment
                                         of the interests of the loan under the Contract and other expenses incurred according
                                         to Party A’s requirements. Meanwhile, Party A has the right to directly stop loan
                                         issuance and unilaterally terminate the Contract as well as announce the accelerated
                                         expiry of the loan, and Party B should not have any objection thereupon.

 

		A	Party B involves in any default behavior.

 

		B	Party B suffers from significant financial
                                         loss, asset loss or other financial crises.

 

		C	Party B involves in such alteration
                                         matters as consolidation (or merger), separation, reorganization, joint venture (or cooperation),
                                         capital reduction, transfer of major property rights and shareholding reform.

 

		D	Party B suffers from business cessation,
                                         business license revoking or cancellation or dismission, or applies or is requested for
                                         bankruptcy, etc.

 

		E	The business or financial conditions
                                         of the controlling shareholders and other affiliated companies of Party B are caught
                                         in significant crisis, thus influencing the normal operation of Party B.

 

		F	Party B has major connected transaction
                                         with the controlling shareholders and other affiliated companies thereof, thus influencing
                                         the normal operation thereof.

 

		G	Any significant lawsuit, arbitration,
                                         administrative procedure, executive procedure of judicial or administrative organization
                                         or other similar legal procedures, with the amount involved equal to or above [ten million]
                                         Yuan, is proposed to Party B or is proposed by Party B to others.

 

		H	Party B changes the business scope,
                                         the legal representative, etc.; any important asset of Party B has involved in any compulsory
                                         execution, sealed up, detained, retained, supervised or disposed similarly.

 

		I	Party B’s debt under any other
                                         loan financing agreement or similar agreement is due but unpaid, or such debt is announced
                                         and required to be repaid before the specified expiry date.

 

		J	Party B involves in other major events
                                         probably influencing the debt paying ability thereof.

 

    	 	- 18 -	 

     

    

 

		(11)	In case the warrantor of the loan
                                         involves in any one of the following conditions and Party A believes that such condition
                                         may influence the warrantor’s guarantee capability, Party B should strengthen or
                                         replace the guarantee measures as required by Party A. meanwhile, Party A has the right
                                         to directly stop loan issuance and unilaterally terminate the Contract as well as announce
                                         the accelerated expiry of the loan, and Party B should not have any objection thereupon.

 

		A	The warrantor suffers from significant
                                         financial loss, asset loss or other financial crises, or involves in significant dispute,
                                         lawsuit, administrative penalty, criminal investigation, etc.

 

		B	The warrantor involves in such alteration
                                         matters as consolidation (or merger), separation, reorganization, joint venture (or cooperation),
                                         capital reduction, transfer of major property rights and shareholding reform.

 

		C	The warrantor suffers from business
                                         cessation, business license revoking or cancellation or dismission, or applies or is
                                         requested for bankruptcy, etc.

 

		D	The business or financial conditions
                                         of the controlling shareholders and other affiliated companies of the warrantor are caught
                                         in significant crisis, thus influencing the normal operation of Party B.

 

		E	The warrantor has major connected
                                         transaction with the controlling shareholders and other affiliated companies thereof,
                                         thus influencing the normal operation thereof

 

		F	The warrantor involves in any lawsuit,
                                         arbitration or criminal, or administrative penalty bringing significant adverse consequences
                                         to the business or financial conditions thereof.

 

		G	The warrantor changes the business
                                         scope, the legal representative, etc.

 

		H	The warrantor has concealed the actual
                                         capability for bearing the guarantee responsibility when signing the guaranty contract
                                         or issuing the guarantee letter, or the internal approval for loan guarantee is not obtained,
                                         or the authorization (if needed) is not obtained from relevant organization.

 

    	 	- 19 -	 

     

    

 

		I	Party B neglects management or presses
                                         for the payment of due credit, or disposes the properties owned thereby freely or improperly
                                         or at a price obviously lower than the market price.

 

		J	Any important asset of the warrantor
                                         has involved in any compulsory execution, or has been sealed up, detained, retained,
                                         supervised or disposed similarly.

 

		K	The warrantor involves in other major
                                         events probably influencing the debt paying ability thereof.

 

		(12)	In case the pledgor or the pledged
                                         property involves in any one of the following conditions and Party A believes that the
                                         pledge may not be available or the pledged property may be devaluated, Party B should
                                         strengthen or replace the guarantee measures as required by Party A. Meanwhile, Party
                                         A has the right to directly stop loan issuance and unilaterally terminate the Contract
                                         as well as announce the accelerated expiry of the loan, and Party B should not have any
                                         objection thereupon.

 

		A	The pledgor does not have the ownership
                                         or the disposition right of the pledged property, or the ownership is disputed, or the
                                         internal approval for the pledge guarantee of the loan is not obtained, or the authorization
                                         (if needed) is not obtained from relevant organization, or the pledged property involves
                                         in dispute, lawsuit, administrative penalty, criminal investigation, etc.

 

		B	The pledgor conceals the facts that
                                         the pledged property has been co-owned, rented, sealed off or supervised, or has legal
                                         priority superior to the mortgage, etc.

 

		C	The pledgor optionally transfers,
                                         rents, re-pledges or disposes the pledged property through other improper methods.

 

		D	The pledged property is obviously
                                         devaluated due to the pledgor’s behavior; or the pledged property is directly endangered
                                         due to the pledgor’s behavior and is accordingly devaluated; or the pledgor fails
                                         to insure the pledged property as required by Party A; the pledged property is obviously
                                         devaluated due to any other cause.

 

    	 	- 20 -	 

     

    

 

		(13)	In case the mortgager or the hypothecated
                                         property involves in any one of the following conditions and Party A believes that the
                                         mortgage may not be available or the hypothecated property may be devaluated, Party B
                                         should strengthen or replace the guarantee measures as required by Party A. Meanwhile,
                                         Party A has the right to directly stop loan issuance and unilaterally terminate the Contract
                                         as well as announce the accelerated expiry of the loan, and Party B should not have any
                                         objection thereupon.

 

		A	The mortgager does not have the ownership
                                         or the disposition right of the mortgaged property, or the ownership is disputed, or
                                         the internal approval for the mortgage guarantee of the loan is not obtained, or the
                                         authorization (if needed) is not obtained from relevant organization, or the mortgaged
                                         property involves in dispute, lawsuit, administrative penalty, criminal investigation,
                                         etc.

 

		B	The mortgager conceals the facts that
                                         the mortgaged property has been co-owned, rented, sealed off or supervised, or has legal
                                         priority superior to the mortgage, etc.

 

		C	The mortgager optionally transfers,
                                         rents, mortgages or disposes the mortgaged property through other improper methods.

 

		D	The mortgaged property is obviously
                                         devaluated due to the mortgager’s behavior; or the mortgaged property is directly
                                         endangered due to the mortgager’s behavior and is accordingly devaluated; or the
                                         mortgager fails to insure the mortgaged property as required by Party A; the mortgaged
                                         property is obviously devaluated due to any other cause.

 

		(14)	Other obligations specified in
                                         laws and agreed in the Contract or the cooperation document.

 

    	 	- 21 -	 

     

    

 

Article 16 Statement and Guarantee

 

		16.1	Party A should state and guarantee as
                                         follows to Party B upon the contract signing and performance:

 

		(1)	Party A, as an existing business
                                         entity legally established, has the corresponding civil right capability and civil act
                                         capability for signing the Contract.

 

		(2)	Party A has completed the external
                                         approval and the internal authorization procedures needed for signing the Contract, and
                                         the Contract is signed by the signatory authorized by Party A, and the Contract is legally
                                         binding upon Party A since the execution thereof.

 

		(3)	Where Party A should obtain the
                                         authorization, approval or consent from relevant government organization for the contract
                                         signing or for the performance of the business indicated in the Contract, Party A promises
                                         to have obtained such authorization, approval or consent which has full validity.

 

		(4)	Party A guarantees to carefully
                                         read the Contract before signing the Contract and accurately understand the legal implications
                                         of the rights and obligations among the contracting parties and the responsibility articles,
                                         and have no objection upon all articles of the Contract.

 

		(5)	Party A has the right to issue
                                         the trust loans to Party B in its own name, and the trust fund for trust loan issuance
                                         is legally sourced.

 

		16.2	Party A should state and guarantee as
                                         follows to Party B upon the contract signing and performance:

 

		(1)	Party B, as an existing business
                                         entity legally established, has the corresponding civil right capability and civil act
                                         capability for signing the Contract.

 

		(2)	Party B has completed the external
                                         approval and the internal authorization procedures, including but not limited to the
                                         resolutions of the board and the share meeting, etc., needed for signing the Contract;
                                         the Contract is signed by the signatory authorized by Party B, and the Contract is legally
                                         binding upon Party B since the execution thereof.

 

		(3)	Where Party B should obtain the
                                         authorization, approval or consent from relevant government organization for the contract
                                         signing or for the performance of the business indicated in the Contract, Party B promises
                                         to have obtained such authorization, approval or consent which has full validity.

 

    	 	- 22 -	 

     

    

 

		(4)	Party B guarantees that the contract
                                         signing or the performance of the business indicated in the Contract shall not violate
                                         current valid laws and other relevant regulations or conflict with other binding legal
                                         documents signed thereby or other transactions concluded thereby.

 

		(5)	Party B guarantees to carefully
                                         read the Contract before signing the Contract and accurately understand the legal implications
                                         of the rights and obligations among the contracting parties and the responsibility articles,
                                         and have no objection upon all articles of the Contract.

 

		(6)	Party B guarantees to strictly
                                         abide by various national laws during the business activities and strictly develop various
                                         businesses within the validated business scope.

 

		(7)	In case Party B fails to perform
                                         the repayment obligation as agreed in the Contract, when Party A applies to the jurisdictional
                                         court for the order of payment, Party B waives the right for objection.

 

		(8)	Party B guarantees to maintain
                                         or improve the present business management level for preserving or increasing the value
                                         of existing assets, and promise not to waive any debt or dispose existing properties
                                         freely or improperly or at the price obviously lower than the market price.

 

		(9)	Party B promises not to have any
                                         major event, which may influence the obligation performance thereof under the Contract,
                                         at contract signing.

 

		(10)	Party B guarantees that the financial
                                         statement provided thereby to Party A is prepared according to existing laws and accepted
                                         accounting standards, and can truthfully accurately reflect the financial condition of
                                         Party B in the accounting period concerned; other information provided thereby to Party
                                         A for the loans under the Contract is truthful, accurate, legal and valid, and the copies
                                         or the scanning copies submitted thereby are consistent with the original copies.

 

		(11)	Unless otherwise specified in
                                         laws, the indemnification sequence of the loans should be in preference to any current
                                         or future debt of Party B.

 

    	 	- 23 -	 

     

    

 

		(12)	In case the event, which is sufficient
                                         to influence the contractual capacity of Party B under the Contract, occurs or will occur,
                                         Party B promises to immediately provide other measures for guaranteeing or improving
                                         the contractual capacity thereof as required by Party A before continuous contract execution.

 

		(13)	Party B promises not to involve
                                         in any intentional, potential or existing, pending or possible civil or criminal lawsuit,
                                         arbitration, dispute, administrative procedure or other legal procedures

 

		(14)	Party B guarantees that all documents
                                         regarding the Contract or the loans, including but not limited to all documents listed
                                         in the “Definition and Interpretation Rule” of the Contract, are not
                                         violated, and Party A’s rights under these documents are not damaged.

 

		(15)	Party B agrees Party A to check
                                         the credit status thereof from the People's Bank of China, or the credit database approved
                                         to be established by the competent department for loan credit investigation, or relevant
                                         units and departments, and also agrees Party A to provide the information thereof to
                                         the People's Bank of China and the credit database approved to be established by the
                                         competent department for loan credit investigation. Moreover, Party B agrees that Party
                                         A may reasonably utilize and disclose the information thereof according to business needs
                                         but should abide by the confidentiality responsibility as agreed in the Contract.

 

		(16)	In case Party B involves in the
                                         arrears of loan principal and interest or other default events, Party A has the right
                                         to notify to relevant department or unit and announce relevant collection through news
                                         media.

 

		16.3	Various statements and guarantees mentioned
                                         in the Contract should be deemed to be remade on the basis of the duly existing facts
                                         and situations at any time within the period from the date of contract signing to the
                                         date of contract termination or to the completion date of contract performance.

 

Article 17 Taxation Expense

 

		17.1	Both parties should, according to the
                                         laws in China, pay the corresponding taxation expenses.

 

		17.2	Unless otherwise specified by both parties,
                                         the following expenses should be separately borne by both parties:

 

    	 	- 24 -	 

     

    

 

		(1)	Relevant expenses incurred from
                                         the loan should include but not be limited to the stamp tax, the communication expense,
                                         the mail charge, the enquiry fee, etc. for the loan.

 

		(2)	The assessment fee, the audit fee,
                                         the counsel fee, the registration fee, the notarial fee, etc. incurred for contract negotiation,
                                         drafting and signing.

 

		17.3	The following expenses should be borne
                                         by Party A:

 

The
appraisal cost and the storage cost (namely, the rent expense for safe deposit boxes in a bank) of the pledge.

 

		17.4	The following expenses should be borne
                                         by Party B:

 

		(1)	All expenses accrued for Party
                                         A to realize the creditor’s rights (including but not limited to legal fare, arbitration
                                         fee, property preservation expense, travel expense, execution fee, assessment expense,
                                         auction fee, notarial fee, delivery expense, announcement fee, counsel fee, etc.);

 

		(2)	The property insurance expense
                                         of the pledge;

 

		(3)	Other expenses agreed thereby.

 

Article 18 Confidentiality

 

		18.1	Both
                                         parties hereto should bear the confidentiality obligation for the documentation regarding
                                         the Contract and obtained during contract signing and performance and the business secret
                                         of the other party (hereinafter generally called “confidential information”).
                                         Except for any one of the following conditions, any party concerned should not disclose
                                         the above confidential information to the third party:

 

		(1)	For
                                         such legal dispute procedures as litigation and arbitration;

 

		(2)	For
                                         contract performance;

 

		(3)	For
                                         the supervision duty performance of the supervision organization;

 

		(4)	Disclosure
                                         permission from the party with confidential information disclosure right;

 

		(5)	Legal
                                         requirements.

 

		18.2	Both
                                         parties hereto unanimously agree to further make all reasonable efforts and take prevention
                                         measures to prevent any associated company, employee or any other person or intermediary
                                         organ or enterprise employed thereby from obtaining and/or utilizing or/and disclosing
                                         any confidential information without the corresponding authorization.

 

    	 	- 25 -	 

     

    

 

		18.3	Both
                                         parties hereto unanimously agree that no matter whether the Contract is changed, cancelled
                                         or terminated, this article is always binding upon both parties, unless the obligee of
                                         the confidential information agrees the other party to be released from the confidentiality
                                         obligation; or, such confidential information is entered into the public place and known
                                         by the public due to other causes except the contract violation of one party; or, the
                                         confidentiality obligation and responsibility may be exempted according to laws.

 

Article 19 Force Majeure

 

		19.1	Force
                                         majeure refers to the events which all contracting parties hereto cannot reasonably control,
                                         or predict, or avoid after prediction, and which can obstruct, influence or delay any
                                         party to perform part or all of the obligations as required by the Contract. Such events
                                         should include but not be limited to earthquake, typhoon, flood, fire disaster, other
                                         natural disasters, war, disturbance, strike or other similar events, issuance of new
                                         laws or alteration of original laws or other political factors.

 

		19.2	In
                                         case of force majeure, the party suffering from the force majeure should immediately
                                         inform the other party as soon as possible, and provide relevant documentary evidence
                                         within fifty working days to explain the detailed event & cause for partial contract
                                         performance or failed contract performance or delayed contract performance; subsequently,
                                         the parties concerned should negotiate with each other to delay the contract performance
                                         or terminate the Contract.

 

		19.3	In
                                         case of force majeure, the party suffering from the force majeure should immediately
                                         take appropriate measures to avoid loss expansion; in case of not taking appropriate
                                         measures and accordingly causing loss expansion, the party concerned should not request
                                         to be exempted from part or all of responsibilities within the expanded loss scope.

 

Article 20 Default Responsibility

 

		20.1	In
                                         case Party A or Party B violates the obligation agreed in the Contract, the party concerned
                                         should bear the corresponding default responsibility.

 

		20.2	In
                                         case Party A or Party B fails to truthfully make the statement or guarantee under the
                                         Contract or abide by the statement or guarantee, such behavior should be deemed as contract
                                         violation and the party concerned should bear the corresponding default responsibility.

 

    	 	- 26 -	 

     

    

 

		20.3	In
                                         case the default penalty agreed in the Contract is not enough to compensate for the actual
                                         loss caused by the defaulting party to the other party, the defaulting party should compensate
                                         the other party for all losses caused by the default behavior thereof and for the profits
                                         able to be obtained after contract performance, but such profits should not be more than
                                         the losses which are caused by contract violation and can or should be predicted at contract
                                         conclusion.

 

		20.4	In
                                         case Party B fails to repay the loan as scheduled, Party A has the right to collect the
                                         interests according to the overdue default interest rate agreed in Article 5.3 of the
                                         Contract, and perform other rights agreed in the Contract.

 

		20.5	In
                                         case Party B fails to utilize the loan as agreed in the Contract, Party A has the right
                                         to collect the interest according to the embezzlement default interest rate agreed in
                                         Article 4.4 of the Contract, and perform other rights agreed in the Contract.

 

		20.6	In
                                         case of having any one of the following behaviors, Party B should be deemed to violate
                                         the Contract, and Party A has the right to directly stop loan issuance and unilaterally
                                         terminate the Contract as well as announce the accelerated expiry of the loan, and Party
                                         B should not have any objection thereupon.

 

		(1)	Party
                                         B loses the contractual capacity, including but not limited to unscheduled insufficient
                                         loan principal or interest repayment to other financial institutions;

 

		(2)	Party
                                         B fails to pay the loan principal and interest or other expenses at a full amount as
                                         scheduled;

 

		(3)	Party
                                         B fails to utilize the loan as agreed in the Contract;

 

		(4)	The
                                         funds are not collected as agreed;

 

		(5)	Party
                                         B externally has important investment, etc., thus significantly influencing or threatening
                                         the realization of the creditor’s rights of Party A;

 

		(6)	Party
                                         B involves in major economic dispute or suffers from financial situation deterioration,
                                         etc., thus significantly influencing or threatening the realization of the creditor’s
                                         rights of Party A;

 

		(7)	Party
                                         B fails to perform any one of the agreements or obligations under the Contract;

 

    	 	- 27 -	 

     

    

 

		(8)	Party
                                         B involves in any untruthful, inaccurate or incomplete statement or guarantee under the
                                         Contract, intentional concealment, intentional misconception for others or unimplemented
                                         statement or guarantee;

 

		(9)	Party
                                         B violates the obligations against Party A under any one of the cooperation documents
                                         including but not limited to the Mortgage Contract, the Guaranty Contract,
                                         the Gold Pledge Contract, etc.;

 

		(10)	Party
                                         B fails to ensure the continuous satisfaction of the prerequisite conditions for loan
                                         issuance within the loan term;

 

		(11)	Party
                                         B fails to strength or replace the guarantee measures as required by Party A;

 

		(12)	Other
                                         cases that Party A deems to influence the realization of the creditor’s rights
                                         thereof.

 

		20.7	In
                                         case one party violates the Contract and accordingly causes the other party to realize
                                         the creditor’s rights thereof through litigation, the defaulting party should bear
                                         the reasonable expense paid by the other party for the litigation, including but not
                                         limited to legal fare, preservation fee, execution fee, execution fee, assessment expense,
                                         auction fee, delivery expense, announcement fee, counsel fee, travel expense, copying
                                         charge, information cost, etc.

 

Article 21 Application of Law and Dispute
Solution

 

		21.1	Establishment,
                                         validation, interpretation, performance, alteration, termination, etc. of the Contract
                                         are applicable to existing laws in China.

 

		21.2	In
                                         case of any dispute under the Contract, the contracting parties hereto should negotiate
                                         such dispute through friendly negotiation; in case of failed negotiation, such dispute
                                         should be submitted to the jurisdictional people’s court at the place where Party
                                         A is located.

 

		21.3	During
                                         negotiation or litigation, or when Party B is applied for execution, both parties thereto
                                         should still perform the undisputed articles of the Contract.

 

Article 22 Establishment, Validation and
Termination of the Contract

 

		22.1	The
                                         Contract should be established and should come into effect since being officially stamped
                                         by Party A and Party B.

 

		22.2	After
                                         loan principal, interest, penalty interest, default penalty and other expenses accrued
                                         are all paid off, the Contract should be automatically terminated.

 

    	 	- 28 -	 

     

    

 

Article 23 Independence of Articles

 

The articles
of the Contract have independent effects, and in case any article of the Contract becomes invalid due to any change of national
laws, government instruction or legal practice, the legality and the validity of other articles of the Contract should not be
influenced, except that the invalid article severely damages the fundamental intention and implication of other parts of the Contract.

 

Article 24 Reservation of Right

 

		24.1	Even
                                         though one party fails to perform the rights or take any action against the default behavior
                                         of the other party, this party should not be deemed to waive the rights or the responsibility
                                         or obligation for investigating the default behavior. Even though one party waives any
                                         right directing to the other party or for investigating any responsibility of the other
                                         party, this party should not be deemed to waive other rights directing to the other party
                                         or the right for investigating the other negligence of the other party. All waivers should
                                         be made in a written form.

 

		24.2	In
                                         case any article of the Contract is determined to be invalid or cannot be implemented
                                         according to existing laws, other articles of the Contract should be continuously valid.
                                         In this case, the contracting parties hereto should replace the article concerned with
                                         valid article, and the valid article should be maximally approximate to the original
                                         article and the corresponding intention and spirit of the Contract.

 

Article 25 Acceleration of Period and Alteration
of Account

 

		25.1	In
                                         case the payment date of the contracting party is a non-working day, the party concerned
                                         should pay on the recent working day before above payment, but the days calculated for
                                         relevant funds should not be changed.

 

		25.2	In
                                         case of changing the bank account under the Contract, the party concerned should send
                                         a written notice to the other party three days in advance; in case the above notice is
                                         not timely sent for account change, the losses incurred should be borne by the account
                                         changing party.

 

    	 	- 29 -	 

     

    

 

Article 26 Completeness of the Contract

 

		26.1	In case of any unmentioned matters
                                         or contract alteration, both parties hereto may additionally conclude and sign a supplementary
                                         agreement through negotiation. Unless otherwise specified by both parties, the supplementary
                                         agreement, as a part of the Contract, should have equal legal effect.

 

		26.2	Unless otherwise specified by both
                                         parties, any annex (including other legal documents based on the annex) should be regarded
                                         as a part of the Contract and have equal legal effect.

 

		26.3	Unless otherwise specified by both
                                         parties, any written letter (including but not limited to notice, announcement, specification,
                                         etc.; hereinafter inclusive) should be regarded as a part of the Contract and have equal
                                         legal effect.

 

Article 27 Other Articles

 

		27.1	Reserved official seal: unless otherwise
                                         agreed in the Contract or regulated in laws, all written correspondences under the Contract
                                         should be stamped with the reserved official seal (see Annex 2).

 

		27.2	Binding force: the Contract should
                                         be binding upon and applicable to both parties and the legal inheritors or assignees
                                         thereof.

 

		27.3	Specially, in order to successfully
                                         handle the corresponding pledge/mortgage procedures of the Contract, in case Party A
                                         and Party B or the guarantor should additionally conclude and sign the Trust Loan
                                         Contract (hereinafter referred to as “Registration Contract”) as required
                                         by relevant pledge/mortgage department, the rights and obligations of Party B or the
                                         guarantor as the Borrower under the Registration Contract refer to the rights
                                         and obligations of Party B under the Contract, and the rights and obligations of Party
                                         A as the Lender under the Registration Contract refer to the rights and obligations
                                         of Party A under the Contract. The rights and obligations relation among Party A, Party
                                         B and the guarantor should be consistent with the Contract and the cooperation documents
                                         agreed in the Contract, Party B or the guarantor should not request Party A to perform
                                         relevant obligations on the excuse of any regulation under the Registration Contract.

 

		27.4	Contract text: the Contract is made
                                         into [five] copies with equal legal effect, and both parties hereto respectively hold
                                         [two] copies, and the rest [one] copy is used for handling relevant procedures.

 

    	 	- 30 -	 

     

    

 

		27.5	Remark (other articles agreed thereby):
                                         Party B should have read all articles of the Contract. As required by Party B, Party
                                         A has interpreted the corresponding articles of the Contract. Moreover, Party B should
                                         have known and comprehensively understood the implication of the articles of the Contract
                                         and the corresponding legal consequences.

 

(The remainder of this page
is intentionally left blank.)

 

    	 	- 31 -	 

     

    

 

(This page is the signature
page of the Trust Loan Contract for the Assembled Funds Trust Plan between JIC Trust Co., Ltd and Yongquan Series (Kingold
Jewelry) (Contract No.: [JIC Trust (2016) Hang Tou Ji 006-01]).

 

Party A: JIC Trust Co., Ltd (Official Seal)

 

Legal Representative or Authorized Agent (Signature):

 

Date of Signing: , 2016

 

Party B: Wuhan Kingold Jewelry Inc. (Official
Seal):

 

Legal Representative or Authorized Agent (Signature):

 

Date of Signing: , 2016

 

Location of Signing: Xihu District, Hangzhou
City, Zhejiang Province

 

    	 	- 32 -	 

     

    

 

Annex 1: Loan Confirmation

 

Loan Confirmation

 

JIC Trust Co., Ltd:

 

According to the Trust
Loan Contract for the Assembled Funds Trust Plan between JIC Trust Co., Ltd and Yongquan Series (Kingold Jewelry) (hereinafter
referred to as the Trust Loan Contract) (Contract No.: JIC Trust (2016) Hang Tou Ji 006-01) concluded and signed
between both parties, your company has transferred the loan fund under the Trust Loan Contract, namely RMB___,___,___,___.___
Yuan (Amount in Words: RMB___ ONLY) to the borrowing account designated by our party on Date.

 

Hereby confirmed!

 

	 	The
    Borrower:
	 	 
	 	Date

 

    	 	- 33 -	 

     

    

 

Annex 2: Sample of Reserved Legal Seal

 

	 

        Reserved Legal 

        Seal of Party A

         
	 
	 

        Reserved Legal

        Seal of Party B

         
	 

 

    	 	- 34 -

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