Contract
Exhibit 10.11
10.11 Guaranty Contract between Shandong Xiangrui Pharmacy Co., Ltd.
(Company) and Citibank Shanghai, dated July 13, 2009, for XXX 00 xxxxxxx
Xxxx.
(Company) and Citibank Shanghai, dated July 13, 2009, for XXX 00 xxxxxxx
Xxxx.
• | Main Contents |
• | Contract No.: MR748004090713 |
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• | Guarantor: Shandong Xiangrui Pharmacy Co., Ltd. |
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• | Guarantee: Citibank Shanghai |
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• | As guarantor, Shandong Xiangrui Pharmacy Co., Ltd. (Company) undertakes to
assume joint and several liabilities for Runyin Bio-chemical Co., Ltd’s indebtedness
towards Citibank Shanghai under a Uncommitted Short Term Cycling Finance Agreement
with Contract No.: FA748004090713. |
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• | Guarantee Items: the Company agreed to created mortgage over land use right
(Certificate No.: Dong Xxx Xxxx 2008 No. 31; area: 43,249 m2) and the properties
(Certificate No.: Dong Xxx Xxxx 2008 No. 10288; area: 12,713 m2) to secure the
payment of the debts under the main loan agreement. |
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• | The maximum amount of the guarantee is RMB 34,935,291 Yuan. |
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• | The mortgage term is from August 10, 2009 to August 10, 2014. |
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• | 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. |
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• | 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 |
• | Commitment of guarantor |
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• | Assumption of guarantor’s responsibility |
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• | Dispute settlement |
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• | Miscellaneous |
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• | Effectiveness |
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• | Validity |
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• | Attention |