Guarantee Agreement between Shandong Guangda Sun & Moon Grease Co., Ltd. and Rural Cooperative Bank of Dongping, Shandong (March 15, 2011)
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Summary
Shandong Guangda Sun & Moon Grease Co., Ltd. agrees to act as guarantor for Shandong Xiangrui Pharmacy Co., Ltd.'s loan obligations to the Rural Cooperative Bank of Dongping, Shandong, under two specified loan agreements totaling RMB 10 million. The guarantor assumes joint and several liability for the repayment of the loan principal, interest, penalties, damages, and related costs. If the borrower defaults, the guarantor must compensate the bank for any losses. The agreement outlines the guaranty period, responsibilities, and dispute resolution procedures.
EX-10.6 8 c17382exv10w6.htm EXHIBIT 10.6 Exhibit 10.6
Exhibit 10.6
10.6 Guarantee Agreement between Shandong Guangda Sun & Moon Grease
Co., Ltd and Rural Cooperative Bank of Dongping, Shandong, dated on March
15, 2011 for RMB 10 million Loan
Co., Ltd and Rural Cooperative Bank of Dongping, Shandong, dated on March
15, 2011 for RMB 10 million Loan
| • | Main Contents |
| • | Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Gao Di Zi (2010) No. 0026 | ||
| • | Guarantor: Xuchun Wang | ||
| • | Guarantee: Rural Cooperative Bank of Dongping, Shandong | ||
| • | As guarantor, Shandong Guangda Sun & Moon Grease Co., Ltd 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. 0026) and a Loan Agreement with Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Liu Jie Zi (2011 No. 0027). | ||
| • | 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 |
