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
EX-10.57 5 d314908dex1057.htm EX-10.57 EX-10.57 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 Liu Jie 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
| | • | Commitment of guarantor |
| | • | Assumption of guarantor’s responsibility |
