No.: Zhong Lv Bao Di Zi 2011 [009-2] Counter-Guarantee (Mortgage) Agreement Mortgagor (Party A): Daqing Borun Biotechnology Co., Ltd. Mortgagee (Party B): Zhong Lv Credit Guarantee Co., Ltd. Counter-Guarantee (Mortgage/Pledge) AgreementCHINA NEW BORUN Corp • April 6th, 2012 • Malt beverages
To secure the realization of the short-term loan for the cereals & oils of the leading enterprises in the agribusiness, equal to RMB 50 million, which is applied by Daqing Borun Biotechnology Co., Ltd. ("the Debtor") with Daqing Branch of Agricultural Development Bank of China ("the Creditor") during the period from July 1 , 2011 to June 30, 2012, and in the mean time to secure Party B's exercise of right of recourse, as well as according to the "Entrustment Agreement on Guarantee" (No.: Zhong Lv Wei Bao Zi 2011[009]) signed between the Debtor and Zhong Lv Credit Guarantee Co., Ltd., Party A is willing to provide a counter-guarantee (mortgage) to Party B, therefore, the Parties enter into this Counter-guarantee Agreement ("this Agreement") via equal negotiations.
