Document:

Exhibits 4.7

 

Contract No.: Zhonglv Bao Di Zi 2013 No. 030-2

 

Mortgage Counter-Guarantee Contract

 

Mortgagor (Party A): Daqing BoRun Biotechnology Co., Ltd.

 

Mortgagee (Party B): Zhonglv Gredit Guarantee Limited

 

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Mortgage Counter-Guarantee Contract

 

Mortgagor (Party A): Daqing BoRun Biotechnology Co., Ltd.

 

Mortgagee (Party B): Zhonglv Credit Guarantee Limited

 

To ensure the realization of the floating capital loan of industrial leading enterprises with the amount of fifty million (in words) applied by Daqing BoRun Biotechnology Co., Ltd. (hereinafter referred to as “Principal Debtor”) from Business Department of Daqing Branch of Agricultural Development Bank of China (hereinafter referred to as “Principal Creditor”) from November 12, 2013 to November 11, 2014, and to ensure the enforcement of Party B’s right of indemnity in the meantime, in accordance with “Entrusted Guarantee Contract” (No.: Zhonglv Wei Bao Di Zi 2013 No. 030 concluded between and by Principal Debtor and Zhonglv Credit Guarantee Limited, Party A voluntarily provide a mortgage counter-guarantee to Party B for Principal Debtor, Party A and Party B enter into this mortgage counter-guarantee contract through equal negotiation.

 

1.             Scope of Party A’s mortgage counter-guarantee

 

1)   All debts repaid by Party B for Principal Debtor (principal, interest, penalty interest, compound interest, compensation for damages, debtor’s liquidated damages and expenses for the enforcement of Principal Creditor’s right of mortgage, etc.), and compensatory fund possession cost that shall be paid by Principal Debtor to Party B. Compensatory fund possession cost shall be cauculated at the rate of 1% per day from Compensatory Date in accordance with all compensatory debts as the calculation base.

 

2)   Liquidated damages, damages, attorney’s fees, guarantee fees, etc. that shall be paid by Principal Debtor to Party B in accordance with “Entrusted Guarantee Contract”.

 

3)   Expenses for the enforcement of Party B’s right of mortgage (including but not limited to litigation costs, arbitration costs, property preservation fees, attorney’s fees, appraisal charges, auction expenses, execution fees, agency fees, notary fees, consulting fees, travel expenses, etc..

 

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2.                                      Party A mortgages its property disposable, and mortgaged property is specified in the detailed list of mortgaged property under this contract, such detailed list is a part of this contract.

 

3.                                      Party A undertakes:

 

1)   To warrant to have the ownership or right of disposal of mortgaged property in accordance with law;

 

2)   Within the period of mortgage, the mortgaged property shall be taken good care of by Party A, who is responsible for the repair and maintenance, and warrant that the mortgaged property is all preserved well, and give full cooperation if Party B needs to know mortgaged property’s condition.

 

3)   The evidence documents of ownership of mortgaged property shall be deliverd by Party A to Party B on the date of the contract and taken good care of by Party B: (provisions otherwise regulated in law shall prevail.)

 

a)             13 real estates of company, totaling 26006.3 square meter (refer to the detailed list of mortgaged property) to be conducted mortgage registration.

 

b)                                    

 

c)                                     

 

4)   Regarding mortgaged property required to be insured by Party B, Party A shall complete all the insurance formalities upon the mortgaged property before this contract becomes effective and warrant to renew the insurance upon expiration.

 

5)   Party A shall be responsible for matters relating to appraisal, notarization, insurance, authentication, registration, transportation and storage, etc. under this contract and bear all enpenses.

 

4.                                      Within the period of mortgage, should any decrease happen to the mortgaged property owing to the action of Party A, Party A shall additionally provide to Party B another mortgaged property or effective guaranty equivalent to such decrease within 15 days upon the existence of the situation of such decrease of the mortgaged property.

 

5.                                      Within the period of mortgage, should damages within the scope of insurance or a third person’s behavior lead to any decrease of the value of the mortgaged property, insurance compensation or damages shall be returned to repay the loan or deposited into Party B’s designated account in advance.

 

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6.                                      Within the period of mortgage, Party A shall obtain Party B’s written consent before renting the mortgaged property.

 

7.                                      Within the period of mortgage, with Party B’s written consent, Party A may transfer the mortgaged property, and the obtained of such tranfer shall be handled in the first way:

 

1)   Be deposited into Party B’s designated account without Party A’s use within the period of mortgage;

 

2)   Be returned to repay the loan in advance upon Party A’s consent.

 

8.                                      If any of the following conditions occurs, Party A shall promptly notify Party B:

 

1)   Operational mechanism changes, such as the implementation of contracting, leasing, joint venture, merger (acquisition and merger), division, shareholding reform, and foreign joint ventures (cooperation), etc.;

 

2)   Being involved in a massive economic dispute litigation;

 

3)   Disputes in right of mortgage;

 

4)   bankruptcy, cessation of business, dissolution, rectification, revocation of business licenses, revocation of permits or qualification certificate, revocation;

 

5)   Changes of legal person, legal representative, domicile, and telephone.

 

Party A shall notify Party B 30 days in advance if the situation of above-mentioned a) occurs; Party A shall notify Party B within 3 days upon occurence of other situations.

 

9.                                      Party A shall bear compensation liabilities if it violates Article 4, 5 , 7, 8 and causes Party B’s losses.

 

10.                               If the loan is being recovered in advance in accordance with loan contract concluded between Principal Debtor and Principal Creditor (the Bank), the credit under loan contract is not repaid in full, and Party B compensatorily repays, meanwhile, Party B shall also have right to dispose the mortgaged property in advance and recover its losses.

 

11.                               If the performance period of loan contract expiries, Principal Debtor fails to repay its debts, Party B compensatorily repays, meanwhile, Party B shall also have right to auction or sell off the mortgaged property in advance and have priority right to be repaid with proceeds, or to enforce right of mortgage by discounting the mortgaged property through both parties’s negotiation.

 

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12.                               Effectiveness of Contract

 

1)   This contract shall come into effect upon the date of signature, and terminate on the day when all secured debts has been repaid.

 

2)   This contract is independent of Principal Contract, and will not be invalidated by the invalidity of Principal Contract. If Principal Contract is invalid, the Mortgagor shall undertake joint liabilities to repay all debts incurred in Principal Debtor’s repayment of loan principal, interest and compensation of losses under Principal Contract.

 

13.                               Dispute Resolution

 

Any dispute arising from the performance of this contract may be resolved through negotiation, failing of which, such dispute shall be resolved in the following first and third methods:

 

1)   By submitted to the People’s Court in Party B’s location;

 

2)   By submitted to Beijing Arbitration Committee (arbitration in Beijing), and arbitration shall be conducted in accordance with such commission’s arbitration rules in effect at the time of applying for arbitration. The arbitral award shall be final and binding to both parties.

 

3)   If Party B files an litigation, Party A shall bear attorney’s fees equivalent to 10% of the amount guaranteed by Party B for Principal Debtor.

 

4)   During litigation or arbitration, part of this contract that is not involved in disputed part shall still be performed.

 

14.                               Special agreed matter: If Party A fails to perform or fully perform the guarantee obligation, Party A shall voluntarily accept compulsory execution according to law.

 

15.                               This contract has three counterparts with each party holding one counterpart and registration administration holding one counterpart, which shall have the same legal effect.

 

	
Party A (seal):
    	
 
    	
Party B (seal):
    
	
 
    	
 
    	
 
    
	
Legal representative:
    	
 
    	
Legal representative:
    
	
 
    	
 
    	
 
    
	
Or authorized agent:
    	
 
    	
Or authorized agent:
    
	
 
    	
 
    	
 
    
	
November 4, 2013
    	
 
    	
    November 4,   2013
    
	
 
    	
 
    	
 
    
	
Conclusion Location:
    	
 
    	
 
    

 

Attachment: Detailed list of the mortgaged property and annex

 

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Under “Mortgage Counter-Guarantee Contract” with No. of OASISSINO Bao Di Zi 2013 No.  030-2

 

Detailed list of the mortgaged property

 

	
 
    	
Unit:   Ten thousand
    

 

	
No.
    	
 
    	
Name of 
   the 
   mortgaged 
   property
    	
 
    	
Owner
    	
 
    	
Unit
    	
 
    	
Area
    	
 
    	
Real estate Ownership 
   Certificate No.
    	
 
    	
Address of 
   Real estate
    	
 
    	
Original 
   Value of 
   the 
   mortgaged 
   property
    	
 
    	
Certificated 
   Value of the 
   mortgaged 
   property
    	
 
    	
Note
    
	
1
    	
 
    	
Real   estate
    	
 
    	
Daqing   BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
474.58
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA352399
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
180
    	
 
    	
 
    
	
2
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
2106.08
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA352402
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
400
    	
 
    	
 
    
	
3
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
1771.35
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA352411
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
350
    	
 
    	
 
    
	
4
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
254.04
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA376588
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
70
    	
 
    	
 
    

 

6

 

	
5
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
391.03
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA376606
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
100
    	
 
    	
 
    
	
6
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
958.01
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA376591
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
200
    	
 
    	
 
    
	
7
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
1077.07
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA376587
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
200
    	
 
    	
 
    
	
8
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
m2
    	
 
    	
1415.14
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA376595
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
300
    	
 
    	
 
    

 

7

 

	
9
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
 
    	
 
    	
1419.95
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA533425
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
300
    	
 
    	
 
    
	
10
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
 
    	
 
    	
2351.16
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA533436
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
450
    	
 
    	
 
    
	
11
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
 
    	
 
    	
1771.44
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA533458
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
350
    	
 
    	
 
    
	
12
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
 
    	
 
    	
1583.56
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA533492
    	
 
    	
Jubao Village, Zhusan Township, Datong District
    	
 
    	
 
    	
 
    	
300
    	
 
    	
 
    
	
13
    	
 
    	
Real estate
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd
    	
 
    	
 
    	
 
    	
10432.89
    	
 
    	
Qing Real Estate Ownership Certificate Datong   District Zi No. NA539714
    	
 
    	
Jubao Village, Zhusan Township, Datong   District
    	
 
    	
 
    	
 
    	
1800
    	
 
    	
 
    
	
Total
    	
 
    	
 
    	
 
    	
—
    	
 
    	
—
    	
 
    	
26006.3
    	
 
    	
—
    	
 
    	
—
    	
 
    	
 
    	
 
    	
5000
    	
 
    	
—
    

 

8

 

	
Mortgagor: (seal)
    	
 
    	
Mortgagee: (seal)
    
	
 
    	
 
    	
 
    
	
Legal representative:
    	
 
    	
Legal representative:
    
	
 
    	
 
    	
 
    
	
(Or authorized agent):
    	
 
    	
(Or authorized agent):
    
	
 
    	
 
    	
 
    
	
November 4, 2013
    	
 
    	
November 4, 2013
    

 

9Exhibits 4.8

 

Contract No. Zhong Lv Bao Zhi Zi 2013 No. 030-4

 

Counter Security Mortgage Contract

 

Mortgager (Party A): Daqing BoRun Biotechnology Co., Ltd.

 

Mortgagee (Party B): Zhonglv Credit Guarantee Limited

 

 

Mortgager: Daqing BoRun Biotechnology Co., Ltd. (hereinafter referred to as “Party A”)

 

Address: Jubao Village, Zhusan County, Datong District, Daqing Municipality, Heilongjiang Province

 

Legal representative: WANG Jinmiao

 

Contact phone number: 0459-6898708

 

Fax:

 

Mortgagee: Zhonglv Credit Guarantee Limited (hereinafter referred to as “Party B”)

 

Address: Floor 10, No. 2 Chaoyangmen North Avenue, Dongcheng District, Beijing Municipality

 

Legal representative: WEI Zhenming

 

Contact phone number: 010-6551 1601

 

Fax: 010-6551 1606

 

Whereas Party B has entered into a Trust Security Contract (Contract No.: Zhong Lv Wei Bao Zi 2013 No. 030) (hereinafter referred to as “Security Contract”) with Daqing BoRun Biotechnology Co., Ltd. (hereinafter referred to as “Principal Debtor”);

 

Whereas Party B has entered into a Guarantee Contract (Contract No. 23060500-2013 Qing Ying (Bao) Zi No. 0009) (hereinafter referred to as “Guarantee Contract”) with Agricultural Development Bank of China, Daqing Branch (hereinafter referred to “Principal Creditor”). Under the Guarantee Contract, Party B provides security for a loan of working capital for industry leading enterprises under a Loan Agreement between the Principal Debtor and the Principal Creditor (Contract No:                       )(hereinafter referred to as “Principal Contract”).

 

In order to secure the realization of Party B’s security creditor’s rights, Party A hereby provides a Mortgage as counter security. To clarify the two parties’ rights and obligations, based on General Principles of the Civil Law, Contract Law of the People’s Republic of China, Security Law of the People’s Republic of China, Property Law and related laws, regulations and judicial interpretations, Party A and Party B enter this contract through consultation.

 

The “Mortgage” in this contract refers to Mortgage of movables and Mortgage of rights under the Security Law; “Mortgaged Assets” refers to movable properties and rights (vouchers) that are permitted to be Mortgaged under the Security Law.

 

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Article 1 Party A’s Presentations and Covenants

 

1.1       Party A has the legal qualification of Mortgager pursuant to laws and regulations.

 

1.2       Party A is willing to provide Mortgage of 49 train tankers, to which it enjoys proprietary rights or disposing rights, as counter security. Mortgaged Assets are specified in the List of Mortgaged Assets (as attached) under this contract, which constitutes an integral part of this contract. This contract expresses the authentic intents of the parties. In case of any circumstances that Party B bears security liabilities and exercises recourse right to the Principal Debtor, Party A will bear counter security liabilities by the Mortgaged Assets to protect Party B’s interests according to laws.

 

1.3       The Mortgaged Assets under this contract are permitted by laws to be used for Mortgage, so that Party B’s Mortgage rights are ensured to be realized smoothly.

 

1.4       Party B enjoys priority right of compensation to the Mortgaged Assets under this contract according to laws; in addition, if Party A Mortgages its entire equity interests, Party A shall also bear the compensation liabilities with all the assets owned by it (regardless of location).

 

1.5       Party A’s execution of this contract complies with relevant laws, regulations and its internal rules; Party A’s Mortgage of the Mortgaged Assets under this contract has obtained internal consent of Party A and approval from relevant governmental authorities.

 

1.6       Party A shall obtain the consent on the foregoing Mortgage issue from the shareholders’ meeting (board of directors) of the Principal Debtor within five working days after this contract’s execution, meanwhile go through registration formalities with relevant governmental authorities or deliver the Mortgaged Assets to Party B’s possession, and deliver certificate of rights to Party B’s custody.

 

Article 2 Scope of Counter Security Mortgage

 

2.1 The principal, interests, penalty interests (overdue interests), compound interests, compensations for losses, liquidated damages of debtor, expenses of Mortgaging assets and expenses incurred to the Principal Creditor for realizing creditor’s rights etc., which shall be borne by Party B to the Principal Creditor according to the Security Contract as security liabilities, as well as repaid money use fee which shall be paid by the Principal Debtor to Party B. Repaid money use fee shall be calculated on the basis of all debts repaid by Party B at the rate of 0.05% per day since the repayment day.

 

2.2 Security fee, overdue interests, other expenses etc. under the Security Contract;

 

2.3 After Party B repays the amount under the Principal Contract for the Principal Debtor, interests, penalty interests, liquidated damages, compensations for losses and other expenses (including but not limited to attorney’s fee, litigation (arbitration) fee, travel and accommodation cost, investigation fee, appraisal fee, evaluation fee, translation fee, subsidy for witness etc.) incurred by Party B when exercising recourse right with relevant debtors;

 

2.4 Expenses arising from Party B realizing the Mortgage right under this contract, including but not limited to: litigation fee, arbitration fee, property preservation fee, attorney’s fee, evaluation fee, auction fee, enforcement fee, agency fee, notary fee, consultation fee, travel and accommodation cost, investigation fee, appraisal fee, translation fee and subsidy for witness etc.

 

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Article 3 Delivery of Mortgaged Assets

 

3.1 Mortgaged Assets under this contract shall be delivered by Party A to Party B’s custody simultaneously with execution of this contract. Party A shall expressly inform Party B of any flaw of the Mortgaged Assets. If Party A fails to deliver the Mortgaged Assets at the prescribed time and therefore causes losses to Party B, Party A shall undertake compensation liabilities.

 

3.2 If the Mortgager provides Mortgage by properties it indirectly possesses, the Mortgage Contract is deemed delivered when a written notice is delivered to the possessor. If the possessor still disposes of the Mortgaged Assets according to the Mortgager’s direction after the possessor receives the notice of Mortgage, such behavior is invalid.

 

3.3 In case of discrepancy between the prescribed Mortgaged Assets and the actually delivered Mortgaged Assets, this contract only becomes effective when all prescribed Mortgaged Assets are delivered.

 

3.4 Mortgage right of movables effects to the accessory things and statutory fruits. Accessory things must be delivered to Party B simultaneously.

 

3.5 If the Mortgage is provided by money order, cheque, promissory note or company’s bond, they are only be able to be delivered after endorsed by the Mortgager and Mortgagee with the sign of “Mortgage”.

 

Article 4 Agreements on Mortgaged Assets

 

4.1 Please refer to the List of Mortgaged Assets for details of the Mortgaged Assets.

 

4.2 The value of Mortgaged Assets agreed upon by the two parties at the execution of this contract shall not be the basis of evaluation when Party B disposing of such Mortgaged Assets and shall not impose any restriction on Party B’s exercise of the Mortgage right.

 

4.3 Party A shall provide Party B certification documents indicating that the Mortgaged Assets are legally owned by Party A or under Party A’s rightful disposition.

 

4.4 After the Principal Debtor fully repays the principal debt and Party B’s security liabilities are relieved, Party B shall timely return the Mortgaged Assets and other related materials to Party A, or release the supervision and management to the charging account.

 

4.5 Where laws and regulations stipulate or the two parties agree that registration of Mortgage is required, the two parties shall go through the registration formalities of Mortgage with relevant local Mortgage registration authorities within 15 days after this contract’s execution.

 

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4.6 In case of any change to the registered items of Mortgage and modification registration is legally required; the two parties shall go through modification registration formalities with relevant local Mortgage registration authorities within 15 days after the change of registered items.

 

Article 5 Insurance

 

5.1 Within 15 days after this contract’s execution, Party A shall obtain property insurances of fundamental and additional risks for the Mortgaged Assets from related insurance company; insurance period shall not be shorter than the duration of counter security; insurance amount shall not be lower than the evaluation of Mortgaged Assets; the insurant shall be Party B and the insurance policy shall be kept by Party B.

 

5.2 If Party B can not be made insurant, it shall be indicated in the insurance policy that Party B shall collect the insurance compensation in case of insurance claim, and no provision in the insurance policy could restrict Party B’s rights and benefits.

 

5.3 During the term of this contract, Party A shall not suspend or terminate the insurance policy for any reason.

 

5.4 During the term of this contract, in case of any insurance accident happened to the Mortgaged Assets, the insurance compensation shall be used for prior repayment to Party B, and Party B may use it for prior repayment to the Principal Creditor, or keep it as security fund, or use it to restore the value of the Mortgaged Assets.

 

Article 6 Realization of the Mortgage Right

 

6.1 If the Principal Debtor fails to repay the principal, interests and other related expenses to the Principal Creditor according to the Principal Contract, upon Party B’s partial or full repayment for the Principal Debtor of the foregoing amount to the Principal Creditor, Party B has the right to realize the right of Mortgage and dispose of the Mortgaged Assets for compensation to the amount repaid by Party B.

 

6.2 When realizing the right of Mortgage, Party B has the right to, according to laws, use the Mortgaged Assets in discount to set off the debt or sell the Mortgaged Assets at an auction or otherwise in order to be compensated in priority from the selling proceeds, or directly become compensated in priority from the fund of the special charging account.

 

6.3 Where Party A provides the Mortgage by the charging right, Party A may ordinarily dispose of the fund of the charging account. In case of the Principal Debtor’s failure to repay pursuant to contract, Party B will control the charging account and Party A may dispose of the fund of the charging account only after obtaining Party B’s written permit. If the Principal Debtor fails to repay the loan and Party B undertakes security liabilities to the Principal Creditor, Party B has the right to forbid Party A’s disposition of the fund of the charging account and to apply for property preservation to the charging account according to laws.

 

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6.4 When Party B disposes of the Mortgaged Assets pursuant to this contract, Party A shall provide cooperation and shall not pose any obstacles

 

6.5 Before Party B recovers the full repaid amount from the Principal Debtor, Party B constantly enjoys the Mortgage right and Party A is constantly imposed the security liabilities of Mortgage.

 

Article 7 Prior Repayment or Escrow

 

7.1 In case of any change due to objective circumstances, the Mortgaged Assets shall be reasonably and timely treated pursuant to the following provisions in order to ensure the maximization of the Mortgaged Assets’ values. The following circumstances are included but not limited to:

 

7.1.1 Where value of the Mortgaged Assets may be impaired because of the nature of the Mortgaged Assets (except for natural impairment), Party A has the obligation to provide security corresponding to the impaired value, otherwise Party B has the right to dispose of the Mortgaged Assets in order to make prior repayment for the secured creditor’s right or make it in third party’s escrow. Escrow expenses shall be borne by Party A.

 

7.1.2 During the term of the contract, if Party A needs to transfer the Mortgaged rights (including charging right), Party B’s written consent is required, and the obtained proceeds of transfer and license shall be used to make prior repayment for the secured creditor’s right or make it in third party’s escrow. Escrow expenses shall be borne by Party A.

 

7.2 Unless otherwise specifically agreed by the two parties, the foregoing escrow organ shall be a notary organ designated by Party B.

 

Article 8 Party A’s Right and Obligation

 

8.1 To bear related expenses and expenditure under this contract, including but not limited to the expenses for attorney’s service, property insurance, appraisal, evaluation, registration, ownership transfer, safekeeping, escrow and litigation.

 

8.2 If any of the following circumstances occur to Party A, it is obliged to inform Party B in writing 30 days beforehand:

 

1 change of operation mechanism, such as contracting, lease, joint venture, merger, split-up, cooperation with foreign investors etc;

 

2 change of business scope and registered capital, change of the nature of legal person;

 

3 involving economic disputes and litigations;

 

4 disputes relating to the Mortgaged Assets;

 

5 suspension, dissolution, rectification, legal person qualification or business operation permit being cancelled;

 

6 change of domicile, telephone, legal representative etc.

 

5

 

8.3 Party A agrees that in the duration of counter security, Principal Creditor or Party B may transfer the creditor’s right to third party without prior written consent of Party A, and Party A shall continue to bear security liabilities of Mortgage within the original scope of Mortgage.

 

8.4 After the execution of this contract, in case company change circumstances such as merger and split-up occur to Party B, Party A shall continue to bear security liabilities to the assignee of this contract’s rights by the Mortgaged Assets within the original scope of Mortgage.

 

Article 9 Party B’s Rights and Obligations

 

9.1 In case of the occurrence of any item within the scope of Mortgage under Article 3 of this contract, Party B has the right to dispose of the Mortgaged Assets under this contract.

 

9.2 Party B has the right to request assistance from Party A lest the Mortgage right is impaired by any third party.

 

9.3 After fully repaying the debts within the scope of Mortgage under this contract with the proceeds from Party B’s disposition of the Mortgaged Assets, remaining proceeds (if any) shall be returned to Party A.

 

9.4 In the duration of the Mortgage right, upon the Mortgager’s consent, Party B may reasonably use the Mortgaged Assets. In case the Mortgaged Assets is damaged because of Party B’s improper use, Party B shall bear corresponding compensation liabilities.

 

Article 10 Liabilities for Breach of Contract

 

10.1 In case of this contract’s ineffectiveness or other consequence due to Party A’s fault, Party A shall pay liquidated damages at the amount of 10% of the secured amount actually borne by Party B at the mature date of the Principal Contract. In addition, in case of any loss incurred by Party B because of the repayment for Party A, Party A shall bear all compensation liabilities.

 

10.2 Both Party A and Party B shall perform the obligations under the contract. If any party fails to fully or partially perform the obligations under this contract, such party shall bear corresponding breaching liabilities and compensate any loss of the other party arising therefrom.

 

10.3 In case of any of the following circumstances, Party B has the right to refuse to execute the Guarantee Contract for the Principal Creditor or to unilaterally terminate the Guarantee Contract, and all legal liabilities arising therefrom shall be borne by Party A:

 

1 Party A fails to deliver the Mortgaged Assets to Party B pursuant to the contract;

 

2 Party A fails to open a charging account for special fund and special usage and maintain the agreed balance of the account pursuant to the contract;

 

3 Party A’s Mortgage of the foregoing Mortgaged Assets fails to obtain the approval from relevant governmental authorities and therefore this contract fails to become effective;

 

4 this contract fails to become effective because Mortgage registration can not be obtained.

 

6

 

Article 11 Effectiveness of the Contract

 

11.1 This contract becomes effective on the date when the Mortgaged Assets is delivered to Party B with the two parties’ signatures and official seals.

 

11.2 If approval and registration formalities are required to be gone through by relevant laws and regulations, this contract shall become effective on the date when the approval is obtained from relevant governmental authorities and Mortgage registration is completed with relevant Mortgage registration organ.

 

Article 12 Dispute Resolution

 

12.1 The execution, effectiveness, interpretation, performance and dispute resolution of this contract are governed by the laws of the people’s republic of china.

 

12.2 Disputes between Party A and Party B arising from the performance of this contract shall be resolved through the two parties’ negotiation; if the negotiation fails to resolve the dispute, a lawsuit shall be filed with the people’s court of Party B’s location.

 

Article 13 Other Issues Agreed upon by the Two Parties

 

13.1 In case Party A fails to perform or fully perform security liabilities, Party B may apply for enforcement according to laws.

 

13.2                               /                               

 

13.3                               /                               

 

Article 14 Schedules

 

14.1 Schedules of this contract are an integral part of this contract and have the same legal effect to this contract.

 

14.2 Schedules of this contract include: x  List of Mortgaged Assets;  x  Resolution of Shareholders’ Meeting (Board of Directors); oOthers             /             

 

Article 15 Miscellaneous

 

14.1 This contract is executed in three counterparts. Party A, Party B and registration authorities will hold each one of them. The counterparts of the contract have the same legal effect.

 

7

 

Article 16 Special Attention

 

Party B has requested for Party A’s attention to make full and accurate understanding of the meaning and legal consequence of each provision of this contract, and has explained corresponding provisions at the request of Party A. The two parties do not have disagreement on the understanding of the provisions of this contract. If Party A is a natural person who has spouse, Party A’s Mortgage shall obtain consent from its spouse, who has fully learned about and understand all the provisions of this contract.

 

8

 

Railway Train Tankers Mortgage Statement

 

	
Serial No.
    	
 
    	
No. of Licence
    	
 
    	
Name of Enterprise
    	
 
    	
Type
    	
 
    	
No. of Tanker
    
	
1
    	
 
    	
D4098025
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285446
    
	
2
    	
 
    	
D4098026
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285447
    
	
3
    	
 
    	
D4098027
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285448
    
	
4
    	
 
    	
D4098028
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285449
    
	
5
    	
 
    	
D4098029
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285450
    
	
6
    	
 
    	
D4098030
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285451
    
	
7
    	
 
    	
D4098031
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285452
    
	
8
    	
 
    	
D4098032
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285453
    
	
9
    	
 
    	
D4098033
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285454
    
	
10
    	
 
    	
D4098034
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285455
    
	
11
    	
 
    	
D4098035
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285456
    
	
12
    	
 
    	
D4098036
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285457
    
	
13
    	
 
    	
D4098037
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285458
    
	
14
    	
 
    	
D4098038
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285459
    
	
15
    	
 
    	
D4098039
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285460
    
	
16
    	
 
    	
D4098040
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285461
    
	
17
    	
 
    	
D4098041
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285462
    
	
18
    	
 
    	
D4098042
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285463
    
	
19
    	
 
    	
D4098043
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285464
    
	
20
    	
 
    	
D4098044
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285465
    
	
21
    	
 
    	
D4098045
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285466
    
	
22
    	
 
    	
D4098046
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285467
    
	
23
    	
 
    	
D4098047
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285468
    
	
24
    	
 
    	
D4098048
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285469
    
	
25
    	
 
    	
D4098049
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285470
    
	
26
    	
 
    	
D4098050
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285471
    
	
27
    	
 
    	
D4098051
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285472
    
	
28
    	
 
    	
D4098052
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285473
    
	
29
    	
 
    	
D4098053
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285474
    
	
30
    	
 
    	
D4098054
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285475
    
	
31
    	
 
    	
D4098055
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285476
    
	
32
    	
 
    	
D4098056
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285477
    
	
33
    	
 
    	
D4098057
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285478
    
	
34
    	
 
    	
D4098058
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285479
    
	
35
    	
 
    	
D4098059
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285480
    
	
36
    	
 
    	
D4098060
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285481
    
	
37
    	
 
    	
D4098061
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285482
    
	
38
    	
 
    	
D4098062
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285483
    
	
39
    	
 
    	
D4098063
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
GH60K
    	
 
    	
0285484
    
	
40
    	
 
    	
D4098064
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285485
    
	
41
    	
 
    	
D4098065
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285486
    
	
42
    	
 
    	
D4098066
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285487
    
	
43
    	
 
    	
D4098067
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285488
    
	
44
    	
 
    	
D4098068
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285489
    
	
45
    	
 
    	
D4098069
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285490
    
	
46
    	
 
    	
D4098070
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285491
    
	
47
    	
 
    	
D4098071
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285492
    
	
48
    	
 
    	
D4098072
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285493
    
	
49
    	
 
    	
D4098073
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
G60K
    	
 
    	
0285494
    

 

9

 

<This page is intentionally left blank>

 

	
Official Seal of Party A (Mortgager):
    	
 
    
	
 
    	
 
    
	
Legal Representative (signature):
    	
 
    
	
 
    	
 
    
	
(Or Authorized Agent)
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Official Seal of Party B (Mortgagee):
    	
 
    
	
 
    	
 
    
	
Legal Representative (signature):
    	
 
    
	
 
    	
 
    
	
(Or Authorized Agent)
    	
 
    

 

November 4, 2013

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]