Guaranty Contract between Shandong Xiangrui Pharmacy Co., Ltd. and Citibank Shanghai for RMB 80 Million Loan (July 13, 2009)
Contract Categories:
Business Finance
›
Guaranty Agreements
Summary
Shandong Xiangrui Pharmacy Co., Ltd. agrees to guarantee the debts of Runyin Bio-chemical Co., Ltd. to Citibank Shanghai under a short-term finance agreement. The guarantee is secured by a mortgage on specified land and property, with a maximum liability of RMB 34,935,291. The mortgage term runs from August 10, 2009, to August 10, 2014. If Shandong Xiangrui Pharmacy breaches the contract, it must compensate Citibank for any losses. The agreement outlines the guarantor's commitments, responsibilities, and procedures for dispute resolution.
EX-10.11 13 c17382exv10w11.htm EXHIBIT 10.11 Exhibit 10.11
Exhibit 10.11
10.11 Guaranty Contract between Shandong Xiangrui Pharmacy Co., Ltd.
(Company) and Citibank Shanghai, dated July 13, 2009, for RMB 80 million
Loan.
(Company) and Citibank Shanghai, dated July 13, 2009, for RMB 80 million
Loan.
| • | Main Contents |
| • | Contract No.: MR748004090713 | ||
| • | Guarantor: Shandong Xiangrui Pharmacy Co., Ltd. | ||
| • | Guarantee: Citibank Shanghai | ||
| • | 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. | ||
| • | Guarantee Items: the Company agreed to created mortgage over land use right (Certificate No.: Dong Guo Yong 2008 No. 31; area: 43,249 m2) and the properties (Certificate No.: Dong Guo Yong 2008 No. 10288; area: 12,713 m2) to secure the payment of the debts under the main loan agreement. | ||
| • | The maximum amount of the guarantee is RMB 34,935,291 Yuan. | ||
| • | The mortgage term is from August 10, 2009 to August 10, 2014. | ||
| • | 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 | ||
| • | Dispute settlement | ||
| • | Miscellaneous | ||
| • | Effectiveness | ||
| • | Validity | ||
| • | Attention |
