Attached files
10.16 Irrevocable Maximum Guarantee Letter, dated April 15, 2011, issued to
China Merchant Bank, Jinan Branch, by Shandong Runyin Bio-chemical, for a RMB 10
million loan
China Merchant Bank, Jinan Branch, by Shandong Runyin Bio-chemical, for a RMB 10
million loan
| Main Contents |
| Contract No.: 2011 Nian Zhao Ji 60 Bao Zi No. 21110403 |
| Execution Date: April 15, 2011 |
| Guarantor: Shandong Runyin Bio-chemical; |
| Loaner: China Merchants Bank, Jinan Branch; |
| Borrower: Shandong Xiangrui Pharmacy Co., Ltd |
| To ensure the performance of the borrowers obligations and the
effectuation of the loaners rights under the Credit Extension Agreement (Ref. 2011
Nian Zhao Ji 60 Zi No. 21110403) (Hereafter as main contract) entered between and
by the borrower and the loaner dated April 15, 2011, the guarantor willing to bear
the joint responsibility of guaranty as the maximum of RMB 10,000,000 Yuan from April
15, 2011 to April 14, 2012 under the main contract. |
| Type of the guaranty: The guaranty is a joint responsibility guaranty. |
| Term of guaranty: The term of the guaranty responsibility is two years
after the expired date of each specific credit extension term. |
| Guaranty scope: The guaranty scope is the principal, interest, expense,
default interest, damage, penalty, and other cost under the main contract as the
maximum of RMB 10,000,000 Yuan, includes but not limits to fees of suit, fees of
arbitration, fees of attachment, fees of assessment, fees of auction, fees of
enforcement, fees of legal service. |
| Headlines of the articles omitted |
| Independence |
| The commitment of the guarantor |
| Abstention |
| Dispute Settlement |
| Nomenclature |
| Notice |
| Effectiveness |
| Transaction of the loan |
| Miscellaneous |