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 Xxx Xxx 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 |