Schedule of Gold Lease Agreements between Shanghai Pudong Development Bank Ltd., Wuhan Branch and Wuhan Kingold Jewelry Company Limited
This document lists several gold lease agreements between Shanghai Pudong Development Bank Ltd., Wuhan Branch (as lessor) and Wuhan Kingold Jewelry Company Limited (as lessee). The agreements cover the leasing of gold (Au99.99) under terms nearly identical to a previously filed agreement, with differences in signing dates, gold amounts, settlement prices, lease rates, and terms. Each lease is governed by a framework agreement signed on July 9, 2014. The schedule summarizes key details for each lease, including duration, price, and deposit requirements.
Exhibit 10.26
SCHEDULE OF GOLD LEASE AGREEMENTS
SUBSTANTIALLY IDENTICAL IN ALL MATERIAL RESPECTS
TO THE GOLD LEASE AGREEMENT FILED AS
EXHIBIT 10.24 TO THIS ANNUAL REPORT ON FORM 10-K,
PURSUANT TO INSTRUCTION 2 TO ITEM 601 OF REGULATION S-K
In accordance with the instructions to Item 601 of Regulation S-K, Kingold Jewelry, Inc. has omitted filing four Gold Lease Agreements as exhibits to this Annual Report on Form 10-K because they are substantially identical in all material respects to the Gold Lease Agreement filed as Exhibit 10.24. The lessor under each Gold Lease Agreement is Shanghai Pudong Development Bank Ltd., Wuhan Branch, the lessee is Wuhan Kingold Jewelry Company Limited and the kind of gold is Au99.99. Each Gold Lease Agreement is signed according to the Gold Lease Framework Agreement signed on July 9, 2014.
The following chart sets forth the material details in which such Gold Lease Agreements differ from the Gold Lease Agreement filed as Exhibit 10.24:
| 1. | Signing Date | 2015/7/20 | 2015/7/20 | 2015/8/26 | 2015/8/26 | 2015/9/1 |
| 2. | Weight (KG) | 150 | 160 | 235 | 95 | 80 |
| 3. | Settlement price (yuan/g) | 229.6 | 229.6 | 237.3 | 237 | 233.87 |
| 4. | Lease gold market price (Yuan) | 34,440,000 | 36,736,000 | 55,765,500 | 22,515,000 | 18,709,600 |
| 5. | Lease rate (%/Year) | 6% | 6% | 2.8% | 2.8% | 3.8% |
| 6. | Lease term | 2015/7/20 – 2016/5/20 | 2015/7/20 - 2016/6/10 | 2015/8/26 -2016/8/25 | 2015/8/26 -2016/7/31 | 2015/9/1 -2016/8/31 |
| 7. | Deposit percentage | /% of lease gold market value | /% of lease gold market value | /% of lease gold market value | /% of lease gold market value | 106.89% of lease gold market value |
