Common use of Liabilities of Breach of Contract Clause in Contracts

Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ‘s breach of contract etc. • Guarantee of the loan Runyin Bio-Chemical provided the guarantee for this loan with Guarantee Contract (No.: Shandong Dongping Nongcun Hezuo Yinhang Bao Zi 2011 No. 0171) Headlines of the articles omitted • Types of the loan • Clearing of the loan interest • Condition precedent to the drawing of the loan • Dispute settlement • Miscellaneous • Effectiveness • Validity

Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ‘s ’s breach of contract etc. • Guarantee of the loan Runyin Bio-Chemical provided the guarantee for this The loan with is secured by Guarantee Contract (Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Bao Zi 2011 No. 01712012-0039) Headlines of the articles omitted • Types of the loan • Clearing of the loan interest • Condition precedent to the drawing of the loan • Dispute settlement • Miscellaneous • Effectiveness • ValidityValidity • Attention

Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ‘s ’s breach of contract etc. • Guarantee of the loan Runyin Bio-Chemical provided the guarantee for this The loan with Guarantee is secured by Maximum Amount Mortgage Contract (Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Bao Gao Di Zi 2011 No. 01710026) • Headlines of the articles omitted • Types of the loan • Clearing of the loan interest • Condition precedent to the drawing of the loan • Dispute settlement • Miscellaneous • Effectiveness • ValidityValidity • Attention

Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ‘s ’s breach of contract etc. • Guarantee of the loan Runyin Bio-Chemical provided the guarantee for this The loan with Guarantee is secured by Maximum Amount Mortgage Contract (Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Bao Gao Di Zi 2011 (2010) No. 01710025) • Headlines of the articles omitted • Types of the loan • Clearing of the loan interest • Condition precedent to the drawing of the loan • Dispute settlement • Miscellaneous • Effectiveness • ValidityValidity • Attention

Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ‘s ’s breach of contract etc. • Guarantee of the loan Runyin Bio-Chemical provided the guarantee for this The loan with Guarantee is secured by Maximum Amount Mortgage Contract (Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Bao Gao Di Zi 2011 No. 01710026) Headlines of the articles omitted • Types of the loan • Clearing of the loan interest • Condition precedent to the drawing of the loan • Dispute settlement • Miscellaneous • Effectiveness • ValidityValidity • Attention