10.2 Guaranty Contract between Shandong Runyin Biochemical Co., Ltd. and Bank of Communications, Taian Branch (Bank of Communications), dated on June 17, 2010 for RMB 5 million Loan

EX-10.2 4 c17382exv10w2.htm EXHIBIT 10.2 Exhibit 10.2
Exhibit 10.2
10.2 Guaranty Contract between Shandong Runyin Biochemical Co., Ltd. and
Bank of Communications, Taian Branch (Bank of Communications), dated on
June 17, 2010 for RMB 5 million Loan
 
Main Contents
   
Contract No.: 379110A1201000068021
 
   
Guarantor: Shandong Runyin Biochemical Co., Ltd.
 
   
Guarantee: Bank of Communications, Taian Branch
 
   
As guarantor, Shandong Runyin Biochemical Co., Ltd. undertakes to assume joint and several liabilities for Shandong Xiangrui Pharmacy Co., Ltd.’s indebtedness towards Bank of Communications under a Loan Agreement with Contract No.: S379110M120100074328.
 
   
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;
 
   
Guaranty period:
   
Two years from the expiry date that Shandong Xiangrui Pharmacy Co., Ltd. should fulfill its obligations in accordance with Loan Agreement;
 
   
If term of Loan Agreement is extended, guaranty period shall be two years from the expiry date for Shandong Xiangrui Pharmacy Co., Ltd. to fulfill its obligations according to the extended agreement;
 
   
If due to the provisions of relevant PRC law or regulations or any agreement reached under Loan Agreement, any loan becomes mature ahead of its term, guaranty period shall be two years starting from the advance mature date.
   
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
 
   
Dispute settlement
 
   
Miscellaneous
 
   
Effectiveness
 
   
Validity
 
   
Attention