Guarantee Agreement between Shandong Runyin Bio-Chemical and Rural Cooperative Bank of Dongping, Shandong, dated on December 5, 2011 for RMB 8.5 million Loan
Exhibit 10.57
Guarantee Agreement between Shandong Runyin Bio-Chemical and Rural Cooperative Bank of Dongping, Shandong,
dated on December 5, 2011 for RMB 8.5 million Loan
Main Contents
| • | Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Bao Zi (2011) No. 0171 |
| • | Guarantor: Shandong Runyin Bio-Chemical |
| • | Guarantee: Rural Cooperative Bank of Dongping, Shandong |
| • | As guarantor, Shandong Runyin Bio-Chemical undertakes to assume joint and several liabilities for Shandong Xiangrui Pharmacy Co., Ltd.’s indebtedness towards Rural Cooperative Bank of Dongping, Shandong under a Loan Agreement with Contract No.: Shandong Dongping Nongcun Hezuo Yinhang ▇▇▇ ▇▇▇ Zi (2011 No. 0171). |
| • | Secured Items: the loan principal, interest, penalty interest, damages, compensation and all the expenses incurred for Bank of Communications to realize its creditor’s right under Loan Agreement; |
| • | Liabilities of Breach of Contract: Guarantor shall compensate Warrantee any loss suffered from Shandong Xiangrui Pharmacy Co., Ltd.’s breach of contract. |
Headlines of the articles omitted
| • | Guaranty period |
| • | Commitment of guarantor |
| • | Assumption of guarantor’s responsibility |
| • | Dispute settlement |
| • | Miscellaneous |
| • | Effectiveness |
| • | Validity |
| • | Attention |
