Attached files
Exhibit 10.10
Summary Translation
Loan Renewal Agreement
(Contract No. 2018-280003100031)
Lender: Evergrowing Bank Co., Ltd., Yantai Huanshan Road Branch
Borrower: Wuhan Kingold Jewelry Co., Ltd
In consideration of the mutual promises, covenants and agreements, Borrower and Lender agree as follows:
1. Currency: RMB.
2. Loan Amount: ONE HUNDRED MILLION.
3. This loan shall be used for purchasing gold only.
4. Renewal Term: 12 months from 10/9/2018 to 10/9/2019. This agreement is a renewal of the Loan Agreement of Circulating Funds (Evergrowing Bank No. 2016 280003100031).
5. Interest rate: 6.5%
6. Guarantees: the loan is guaranteed by Borrower under a separate collateral pledge agreement and by Mr. Zhihong Jia under a guarantee agreement entered into by the relevant parties thereof.
The remaining terms and conditions of the loan renewal agreement are substantially identical to that of the above-referenced original agreement.
Date: September 28, 2018
/seal/ Evergrowing Bank Co., Ltd., Yantai Huanshan Road Branch
/seal/ Wuhan Kingold Jewelry Co., Ltd