No.: Zhong Lv Bao Di Zi 2010 [006-4] Counter-Guarantee (Mortgage) AgreementCounter-Guarantee (Mortgage) Agreement • March 31st, 2011 • CHINA NEW BORUN Corp • Malt beverages
To secure the realization of the working capital loan of the leading enterprises in the agribusiness, equal to RMB 50 million, which is applied by Daqing Borun Biotechnology Co., Ltd. (“the Debtor”) with Daqing Branch of Agricultural Development Bank of China (“the Creditor”) during the period from August 24, 2010 to August 23, 2011, and in the mean time to secure Party B’s exercise of right of recourse, as well as according to the “Entrustment Agreement on Guarantee” (No.: Zhong Lv Wei Bao Zi 2010[006]) signed between the Debtor and Zhong Lv Credit Guarantee Co., Ltd., Party A is willing to provide a counter-guarantee (mortgage) to Party B, therefore, the Parties enter into this Counter-guarantee Agreement (“this Agreement”) via equal negotiations.
Counter-Guarantee (Mortgage) Agreement Mortgagor (Party A): Daqing Borun Biotechnology Co., Ltd. Mortgagee (Party B): Zhong Lv Credit Guarantee Co., Ltd.Counter-Guarantee (Mortgage) Agreement • March 31st, 2011 • CHINA NEW BORUN Corp • Malt beverages
To secure the realization of the short-term loan for the cereals & oils of the leading enterprises in the agribusiness, equal to RMB 50 million, which is applied by Daqing Borun Biotechnology Co., Ltd. (“the Debtor”) with Daqing Branch of Agricultural Development Bank of China (“the Creditor”) during the period from August 24, 2010 to August 23, 2011, and in the mean time to secure Party B’s exercise of right of recourse, as well as according to the “Entrustment Agreement on Guarantee” (No.: Zhong Lv Wei Bao Zi 2010 [006]) signed between the Debtor and Zhong Lv Credit Guarantee Co., Ltd., Party A is willing to provide a counter-guarantee (mortgage) to Party B, therefore, the Parties enter into this Counter-guarantee Agreement (“this Agreement”) via equal negotiations.
