Document:

Exhibits 4.3

 

Mortgage Contract

 

Daqing Branch of China Construction Bank Corporation

 

 

Contract No.: Jian Hei Qing Liu Dai Di (2013) No.032

 

Mortgager (Party A): Daqing Meng Bo Run Biotechnology Co., Ltd.

Domicile: Jubao Village, Zhusan Town, Datong District, Daqing City

Zip Code: 163515

Legal Representative (the Principal): WANG Jinmiao

Fax: 0459-6989708

Tel: 0459-6989708

 

Mortgagee (Party B): Daqing Branch of China Construction Bank Corporation

Domicile: No.10, Jianhang Street, Dongfeng New Village, Daqing City

Zip Code: 163311

The Principal: ZHU Botao

Fax: 0459-6615567

Tel: 0459-6296699

 

 

To ensure the performance of RMB Working Capital Loans Contract signed by and between Daqing Bo Run Biotechnology Co., Ltd. (hereinafter referred to as the “Debtor”) and Party B, of which the Contract Number is No.032, Jian Hei Qing Liu Dai (2013) (hereinafter referred to as the “Master Contract”), and safeguard the realization of creditor’s rights of Party B, Party A is willing to provide mortgage guarantee for the debts assumed by the Debtor to Party B under the Master Contract. This Contract is hereby entered into after negotiation and mutually agreed by both Parties in accordance with relevant laws, regulations and rules.

 

Article 1                                               Mortgaged Properties

 

I.                    Party A establishes a mortgage on the properties listed in the “List of Mortgaged Properties” attached hereto.

 

II.               Where Mortgaged Properties are reissued new ownership or other right certificates and thus cause any inconsistency between the “List of Mortgaged Properties” hereof or the encumbrance (mortgage right) certificates or mortgage right supporting documents received and kept by Party B and such new right certificates or relevant records registered in the registry of relevant registration authority, Party A shall not refuse to assume guarantee responsibilities on that ground.

 

III.          Except as otherwise agreed by both Parties or required by laws, any new addition on or in the Mortgaged Properties due to such reasons as adhesion, mixing, processing and reconstruction shall also be the subject of mortgage guarantee for creditor’s rights of Party B, and Party A shall complete all mortgage registration formalities as required by Party B.

 

IV.           If the value of Mortgaged Properties has been or may be reduced and thus has an impact on the realization of creditor’s rights of Party B, Party A shall provide a new guarantee as required by Party B.

 

Article 2                                               Guarantee Scope

 

The guarantee scope of this Contract shall be the first one of the followings:

 

I.                    All debts under the Master Contract, including but not limited to all principal, interest (including compound interest and penalties), liquidated damages, damages, other amounts payable by the Debtor to Party B (including but not limited to relevant handling charges, telecommunication charges, incidental expenses and relevant expenses which foreign beneficiaries refuse to assume, etc.), and expenses incurred when Party B realizes creditor’s rights and guarantee rights (including but not limited to legal fees, arbitration fees, property preservation fees, travel expenses, execution fees, appraisal fees, auction fees, notary fees, service fees, advertising fees and attorney’s fees, etc.).

 

II.               The principal under the Master Contract with amount of               (in words)               (currency) and interest (including compound interest and penalties), liquidated damages, damages, other amounts payable by the Debtor to Party B (including but not limited to relevant handling charges, telecommunication charges, incidental expenses and relevant expenses which foreign beneficiaries refuse to assume, etc.), and expenses incurred when Party B realizes creditor’s rights and guarantee rights (including but not limited to legal fees, arbitration fees, property preservation fees, travel expenses, execution fees, appraisal fees, auction fees, notary fees, service fees, advertising fees and attorney’s fees, etc.).

 

Article 3                                               Registration of Mortgaged Properties

 

Both Parties shall, within fifteen working days upon the execution of this Contract, go through registration formalities for mortgage with appropriate registration authority. Party A shall hand over the original of encumbrance certificates, mortgage registration documents and other right certificates to Party B for possession.

 

 

Article 4                                               Modification of Master Contract

 

I.                    If any modification is made to the terms of the Master Contract as agreed by Party B and the Debtor (including but not limited to the modification of repayment currency, repayment terms, account number for loans and for repayment, disbursement schedule, repayment schedule, commencement date and settlement date for interest, and the modification of commencement date or expiration date of debt performance term without any extension to such debt performance term), Party A agrees to assume guarantee responsibilities for the modified debts under the Master Contract.

 

Provided that if the debt performance term is extended or the principal amount of creditor’s rights is increased as agreed by Party B and the Debtor without the prior consent of Party A, Party A may only assume guarantee responsibilities for the debt under the Master Contract prior to the modification in accordance with the provisions of this Contract.

 

II.               No guarantee responsibilities assumed by Party A shall be reduced or released due to the occurrence of any following circumstances:

 

a.                  Party B or the Debtor has undergone restructuring, consolidation, merger, separation, increase or decrease of capital, joint venture, joint operation and change of name, etc; and

 

b.                  Party B has entrusted a third party to perform its obligations under the Master Contract.

 

III.          In the event that the creditor’s rights under the Master Contract have been transferred to any third party, Party A shall cooperate with Party B and such third party to handle the registration formalities for change of mortgage as required by laws.

 

IV.           Where the transfer of creditor’s rights or debts under the Master Contract doesn’t come into force or is invalid, revoked or released, Party A shall still assume guarantee responsibilities to Party B as specified by this Contract.

 

Article 5                                               Possession and Preservation of Mortgaged Properties

 

I.                    Party A shall properly possess, preserve and maintain, and make rational use of, the Mortgaged Properties, keep the Mortgaged Properties in a good condition, and pay various taxes related to the Mortgaged Properties in a timely manner. Party B is entitled to inspect the Mortgaged Properties, and may require Party A to hand over the original of ownership certificates of the Mortgaged Properties to Party B for preservation.

 

II.               Where Party A entrusts or agrees any third party to possess, preserve and use the Mortgaged Properties, it shall notify such third party the existence of Party B’s mortgage right, and require such third party to keep the Mortgaged Properties in a good condition, accept the inspection to the Mortgaged Properties by Party B, and not to prevent Party B from realizing its mortgage right. No obligations assumed by Party A as specified in the preceding paragraph shall be released therefore, and Party A shall be liable for the acts of such third party at the same time.

 

III.          Party A shall solely assume compensation liabilities for any personal injury or property damage caused by the Mortgaged Properties. If Party B suffers any claim and assumes relevant responsibilities, or makes a payment of damages on account of Party A, it is entitled to recover the damages from Party A.

 

Article 6                                               Insurance of Mortgaged Properties

 

I.                    Except as otherwise agreed by both Parties, Party A shall take out insurance with such insurance type, insurance period and insured amount as required by relevant laws and designated by Party B. The insurer shall possess legal qualification and good reputation.

 

II.               The contents of insurance policy shall conform to the requirements of Party B, and shall not have any restrictive conditions which may prejudice the rights and interests of Party B. The insurance policy shall particularly indicate that: Party B is the preferential compensated person (the first beneficiary) to the insurance compensation; any change to the insurance policy shall be subject to the written consent of Party B; once any insured accident occurs, the insurer shall remit the insurance compensation directly to the account designated by Party B. If the Mortgaged Properties are insured, but the insurance policy fails to indicate the above contents, then appropriate endorsement or change shall be made to such insurance policy.

 

 

III.     Party A shall ensure the insurance being effective continuously, and shall not cause the insurance to be interrupted, revoked or invalid, or cause the compensation liabilities assumed by the insurer to be reduced or released for any reason, or change the insurance policy without the consent of Party B. If the debts guaranteed by Party A have not been fully repaid when the duration of insurance is expired, Party A shall renew the insurance to make corresponding extension to the duration of insurance.

 

IV.           Party A shall deliver the original of insurance policy of the Mortgaged Properties to Party B within three working days upon the execution date of this Contract (or the date when the renewal of insurance is completed if such insurance is renewed for the Mortgaged Properties), and make the documents necessary to relevant insurance claims or insurance equity transfer kept by Party B.

 

V.                With respect to the insurance compensation acquired for the Mortgaged Properties, Party B has the right to dispose the same according to any of the following methods, and Party A shall assist with handling relevant formalities:

 

a.                  As agreed by Party B, to repair the Mortgaged Properties so as to recover the value of the Mortgaged Properties;

 

b.                  To repay or repay ahead of schedule the debt principal and interest under the Master Contract and related expenses;

 

c.                   To provide pledge guarantee for the debts under the Master Contract; and

 

d.                  To be disposed of by Party A at its discretion after it has provided a new guarantee compliance with the requirements of Party B.

 

Article 7                                               Restrictions on Disposal of Mortgaged Properties by Party A

 

I.                    Without the prior written consent of Party B, Party A shall not dispose of the Mortgaged Properties in any manner, including but not limited to the manner of waiver, lease (including renewal after the original lease contract expires), presentation, transfer, investment, repetitive guarantee, removal, transformation into public use, accretion with other things, reconstruction, or segmentation.

 

II.               As agreed by Party B in writing, the payment of price or other payments acquired from the disposal of the Mortgaged Properties by Party A shall be deposited into the account designated by Party B. Party B is entitled to dispose of the above payments in any method specified by Article 6 (V) (b) to (d), and Party A shall assist with handling relevant formalities.

 

Article 8                                               Obstruction of Third Parties

 

I.                    If the Mortgaged Properties are expropriated, requisitioned, demolished, confiscated, or reclaimed without payment by the state, or the Mortgaged Properties are seized, froze, detained, regulated, retained, auctioned, occupied forcibly, damaged, or otherwise disposed of by any third parties, Party A shall immediately notify Party B, and timely take restrictive, exclusionary or remedial measures to prevent further loss; Party A shall provide a new guarantee compliance with the requirements of Party B if it is so required by Party B.

 

II.               After any circumstance specified by the preceding paragraph occurs, the remaining part of the Mortgaged Properties shall still act as the mortgage guarantee for the creditor’s rights of Party B. The damages or compensation acquired by Party A due to the above reasons shall be deposited into the account designated by Party B. Party B is entitled to dispose of the above payments in any method specified by Article 6 (V) (a) to (d), and Party A shall assist with handling relevant formalities.

 

 

Article 9                                               Realization of Mortgage Right

 

I.                    If the Debtor fails to perform the mature debts under the Master Contract or fails to perform the debts of which the maturity is accelerated, or violates other provisions of the Master Contract, Party B is entitled to dispose of the Mortgaged Properties.

 

II.               The value of the Mortgaged Properties stated in the List of Mortgaged Properties attached hereto or otherwise agreed by both Parties (hereinafter referred to as the “Provisional Value”), regardless of whether it is recorded in the registry of the registration authority, shall not be considered as the ultimate value of the Mortgaged Properties, and the latter shall be the net amount of the proceeds acquired from disposal of the Mortgaged Properties by Party B after deduction of all taxes.

 

If the creditor’s rights of Party B is repaid by the Mortgaged Properties, the above Provisional Value shall not be used as a basis for the repayment of the creditor’s rights of Party B by the Mortgaged Properties, and the then value of the Mortgaged Properties shall be mutually agreed by both Parties through consultation or determined by a fair assessment according to laws.

 

III.          After paying the costs incurred in the course of disposal or auction (including but not limited to custodial fees, assessment fees, auction fees, transfer fees, taxes, and fees for assignment of state-owned land use right, etc.), the proceeds acquired from disposal of the Mortgaged Properties by Party B shall be used preferentially to repay the debts under the Master Contract, and the remaining amounts shall be refunded to Party A.

 

IV.           If Party A and the Debtor is the same person, Party B may seek to enforce the properties of Party A other than the Mortgaged Properties, which shall not be conditional on the waiver of mortgage right or preferential disposal of the Mortgaged Properties.

 

V.                Party A shall not prevent Party B from realizing the mortgage right in any way (including act or omission).

 

VI.           Regardless of whether Party B has any other guarantees for the creditor’s rights under the Master Contract (including but not limited to undertaking, mortgage, pledge, bond, and standby letter of credit, etc.), regardless of whenever those other guarantees are established, whether they are valid, or whether Party B has made a claim against other guarantors, regardless of whether there is a third party who agrees to bear all or part of the debts under the Master Contract, and regardless of whether other guarantees are provided by the Debtor itself, no guarantee responsibilities assumed by Party A under this Contract shall be reduced or released therefore, and Party B may directly require Party A to assume guarantee responsibilities within its guarantee scope in accordance with this Contract, to which Party A will raise no objections.

 

VII.      Where Party A only provides guarantee for part of the debts under the Master Contract, Party A agrees that it shall still assume guarantee responsibilities for the outstanding debts under the Master Contract within its guarantee scope in accordance with this Contract, even if part of the debts thereunder is discharged due to the settlement by the Debtor, realization of other guarantee rights by Party B, or any other reasons.

 

VIII.                      Where Party A only provides guarantee for part of the debts under the Master Contract, and the debts thereunder have not yet been fully discharged after Party A has assumed its guarantee responsibilities, Party A undertakes that the right of subrogation or right of recovery asserted (including pre-exercise) by it against the Debtor or other guarantors shall not prejudice the interests of Party B, and agrees that the settlement of the debts thereunder shall precede over the realization of Party A’s right of subrogation or right of recovery.

 

Specifically, before the creditor’s rights of Party B have been discharged fully:

 

 

a.                  Party A agrees not to asset the right of subrogation or right of recovery against the Debtor or other guarantors; if Party A realizes the above rights for any reason, the proceeds acquired by it shall be preferentially used to settle the undischarged creditor’s rights of Party B;

 

b.                  If the debts under the Master Contract are guaranteed with any asset, Party A agrees not to make a claim with respect to such encumbered asset or the proceeds acquired from the disposal of the same based on the exercise of right of subrogation or for any other reasons, and the above encumbered asset or proceeds shall be preferentially used to settle the undischarged creditor’s rights of Party B; and

 

c.                   If the Debtor or other guarantors have provided a counter guarantee to Party A, the proceeds acquired by Party A based on the above counter guarantee shall be preferentially used to settle the undischarged creditor’s rights of Party B.

 

IX.        If the Master Contract has not been established, or doesn’t come into force, or is invalid or partially invalid, or is revoked or rescinded, and Party A and the Debtor are not the same person, Party A shall, within the guarantee scope specified by this Contract, be jointly and severally liable with the Debtor for the debts assumed by the Debtor which are formed due to return of properties or compensation for losses.

 

X.                Party A has fully recognized the interest rate risk. In the event that the interest, penalty interest or compound interest payable by the Debtor is increased due to the adjustments of the interest rate level or the interest accrual or interest settlement manner made by Party B according to the provisions of the Master Contract or based on the changes in the national interest rate policies, Party A shall also assume guarantee responsibilities for the increased portion.

 

XI.           In the event that in addition to the debts under the Master Contract, there are any other mature debts payable by the Debtor to Party B, Party B is entitled to collect the amounts in RMB or other currencies from the account opened by the Debtor in the system of China Construction Bank to first settle any mature debts, and no guarantee responsibilities assumed by Party A shall be reduced or released therefore.

 

Article 10                                        Liabilities for Breach of Contract

 

I.                    Liabilities for Breach by Party A

 

a.                  If Party A violates any provision of this Contract or there is any false content, error or omission in the representations and warranties made by Party A, Party B is entitled to take one or more of the following measures:

 

1.                  Require Party A to rectify the breach within a definite time;

 

2.                  Require Party A to provide a new guarantee;

 

3.                  Require Party A to compensate for losses;

 

4.                  Dispose of the Mortgaged Properties; and

 

5.                  Any other remedies permitted by laws.

 

b.                  Party B is entitled to dispose of the proceeds acquired from the disposal of the Mortgaged Properties in any method specified by Article 6 (V) (b) to (d), and Party A shall assist with handling relevant formalities.

 

c.                   If the mortgage right has not been established effectively, or the value of the Mortgaged Properties is reduced, or Party B fails to timely or fully realize the mortgage right due to the reasons of Party A, and Party A and the Debtor are not the same person, Party B is entitled to require Party A to assume joint and several responsibilities with the Debtor for the guaranteed debts within the guarantee scope specified in this Contract.

 

 

II.               Liabilities for Breach by Party B

 

If Party B has lost the ownership certificates of the Mortgaged Properties delivered by Party A due to fault, or Party B fails to timely return the ownership certificates of the Mortgaged Properties after the debts under the Master Contract have been fully discharged, or fails to assist with handling the deregistration formalities of mortgage by laws upon the request of Party A, Party A is entitled to take one or more of the following measures:

 

a.                  Require Party B to bear costs incurred in the reissuance of ownership certificates of the Mortgaged Properties; and

 

b.                  Require Party B to return the ownership certificates of the Mortgaged Properties within a definite time, or assist Party A to cancel the registration of the Mortgaged Properties.

 

Article 11                                        Miscellaneous

 

1.                  Any expense resulting from violation of any provision of this Contract by Party A (including but not limited to the legal fees, arbitration fees, property preservation fees, travel expenses, execution fees, appraisal fees, auction fees, notary fees, service fees, advertising fees, and attorney’s fees etc. suffered by Party B actually due to the breach of Party A) shall be borne by Party A; and

 

2.                  With respect to other expenses, both Parties agree as follows:

 

Intentionally Left Blank

 

II.               Collection of Accounts Payable

 

With respect to all amounts payable by Party A under this Contract, Party B is entitled to collect corresponding amounts in RMB or other currencies from the account opened by Party A in the system of China Construction Bank without any prior notice to Party A. If it is required to go through the formalities of foreign exchange settlement and sale or foreign exchange trading, Party A is obliged to assist Party B to go through the same, and the exchange rate risk shall be borne by Party A.

 

III.          Use of Party A’s Information

 

Party A agrees that Party B may allow the credit database established and approved by the People’s Bank of China and competent departments of credit and credit investigation or the relevant authorities or departments to check the credit status of Party A, and Party B may provide Party A’s information to the credit database established and approved by the People’s Bank of China and competent departments of credit and credit investigation. Party A agrees that Party B may reasonably use and disclose Party A’s information as required by its business.

 

IV.           Declarative Collection

 

If Party A commits any breach of the Contract, Party B has the right to notify the same to relevant departments or authorities, and may make a declarative collection through news media.

 

V.                Evidentiary Effect of Party B’s Records

 

Unless there is any reliable and definite contrary evidence, the internal accounting records of Party B with respect to such contents as principal, interest, expenses and repayment records, the receipts and vouchers produced or retained by Party B when the Debtor handles such business as withdrawal, repayment and interest payment, and the records and vouchers of loan collection made by Party B shall constitute the conclusive evidence which effectively demonstrates the contractual relationship under the Master Contract. Party A shall not raise any objection only because that the above records, registers, receipts, and vouchers are produced or retained by Party B.

 

 

VI.           Reservation of Rights

 

No rights of Party B under this Contract shall prejudice and exclude any right it may have in accordance with laws, regulations and other contracts. Any tolerance, grace or concession granted to any default or delay, or any delay in exercising any right under this Contract shall neither be deemed as a waiver to the rights and interests under this Contract or a permission or recognition to any breach hereof, nor affect, prevent and obstruct the exercise of such rights or any other rights, nor cause Party B to assume any obligation and responsibility to Party A therefore.

 

Even if Party B fails to exercise or delays in exercising any right under the Master Contract or fails to exhaust any remedy thereunder, no guarantee responsibilities assumed by Party A hereunder shall be reduced or released therefore, provided that if Party B reduces or releases any debt thereunder, the guarantee responsibilities assumed by Party A hereunder shall be reduced or released correspondingly.

 

VII.      Party B shall be notified immediately if Party A suffers any separation or dissolution, or goes into bankruptcy proceedings, or its industrial and commercial registration is revoked or cancelled, or its business license is revoked, or if the Mortgaged Properties are damaged, lost, infringed upon, or out of Party A’s control due to natural factors or the acts of any third party, or if there is any dispute related to the ownership of the Mortgaged Properties or the ownership certificates are cancelled.

 

VIII.        Dissolution or Bankruptcy of the Debtor

 

Party A shall immediately notify Party B to declare claims after it knows that the Debtor has gone into dissolution or bankruptcy proceedings, and it shall timely participate in the dissolution or bankruptcy proceedings to pre-exercise the right of recovery at the same time. If Party A knows or should know that the Debtor has gone into dissolution or bankruptcy proceedings, but fails to timely pre-exercise the right of recovery, the losses resulting therefrom shall be solely borne by Party A.

 

Notwithstanding the provisions of Item 2, Paragraph VI of this Article, if a settlement agreement is entered into or a restructuring plan is agreed by Party B and the Debtor in the course of the Debtor’s bankruptcy proceedings, Party B’s rights under this Contract shall not be prejudiced due to the settlement agreement or restructuring plan, and no guarantee responsibilities assumed by Party A shall be reduced or released. Party A shall not raise any objection against Party B’s claims based on the conditions specified in the settlement agreement or restructuring plan. Party B still has the right to require Party A to assume guarantee responsibilities for the creditor’s rights which are undischarged due to the compromise made to the Debtor by Party B in the settlement agreement or restructuring plan.

 

IX.           Dissolution or Bankruptcy of Party A

 

If Party A suffers dissolution or bankruptcy, even if the creditor’s rights of Party B under the Master Contract are not yet mature, Party B is entitled to participate in Party A’s liquidation or bankruptcy proceedings to declare claims.

 

X.                If Party A changes its mailing address or contact information, it shall immediately notify Party B in writing, and the losses resulting from the failure of Party A to notify shall be solely borne by Party A.

 

XI.           Other Contractual Matters

 

Where Party A or the Debtor fails to comply with laws, regulations or rules related to environmental and social risk management, or may cause hazards and associated risks to the environment and society in the course of construction, production and operation activities (including but not limited to environmental and social issues related to energy consumption, pollution, land, health, safety, resettlement, ecological protection, energy conservation and climate change, etc.), Party B may exercise its guarantee rights hereunder in advance, and take any other remedies as specified by this Contract or permitted by laws.

 

 

XII.      Dispute Resolution

 

Any dispute occurred in the performance of this Contract may be settled through consultation, or settled in the first manner if consultation fails, and the remaining provisions of this Contract uninvolved in the dispute shall still be performed during the period of litigation or arbitration.

 

a.                  Bring a lawsuit before the people’s court at the place where Party B’s domicile is located.

 

b.                  Submit to  Arbitration Commission (with the arbitration place at  ) for arbitration in accordance with the then effective arbitration rules of such Arbitration Commission when applying for arbitration. The arbitral award is final and binding on both Parties.

 

XIII. Effectiveness of Contract

 

This Contract comes into effect after it has been signed or affixed with official seal by the legal representative (the Principal) or authorized agent of Party A and the Principal or authorized agent of Party B.

 

XIV.  This Contract shall be made in sextuplicate.

 

Article 12                                        List of Mortgaged Properties

 

The list of Mortgaged Properties under this Contract is as follows:

 

List of Mortgaged Properties

 

	
Name of
   Mortgaged
   Properties
    	
 
    	
Number of
   Ownership
   Certificates and
   Other Relevant
   Certificates
    	
 
    	
Domicile
    	
 
    	
Area or
   Quantity
    	
 
    	
Value of
   Mortgaged
   Properties
   (Ten
   Thousand
   Yuan)
    	
 
    	
Amounts on
   Which a Mortgage
   Has Been
   Established for
   Other Creditor’s
   Rights (Ten
   Thousand Yuan)
    	
 
    	
Notes
    
	
Refer to the Attached Sheet for Details
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

Article 13                                        Representations and Warranties of Party A

 

I.                    Party A is clearly aware of the business scope and delegated authority of Party B.

 

II.               Party A has read all terms of this Contract and the Master Contract. Upon the request of Party A, Party B has made corresponding explanation with respect to the terms of this Contract and the Master Contract. Party A has a good knowledge of and fully understands the meaning of the terms of this Contract and the Master Contract as well as the corresponding legal consequences.

 

III.          Party A possesses the legal qualification to act as a guarantor, and the guarantees provided by Party A under this Contract comply with the provisions of laws, administrative rules, regulations and the Articles of Association or internal organization documents of Party A, and have been approved by the internal competent departments of the Company and/or national competent authorities. All liabilities incurred since Party A has no rights to execute this Contract shall be borne by Party A, including without limitation making full compensation for losses suffered by Party B therefrom.

 

 

IV.           Party A acknowledges that it has a full understanding about the status of the Debtor’s assets, liabilities, operations, credit and reputation etc., whether the Debtor is qualified to execute the Master Contract, and all contents of the Master Contract.

 

V.                Party A has the ownership or right of disposition legally with respect to the Mortgaged Properties, the Mortgaged Properties are neither public facilities nor non-negotiable and non-transferable properties, and there are no ownership disputes.

 

VI.           The Mortgaged Properties have no other co-owners, or have other co-owners, but such mortgage guarantee has obtained the written consent of such other co-owners.

 

 

 Attached Sheet of List of Mortgaged Properties

 

	
Name of
   Mortgaged
   Properties
    	
 
    	
Number of
   Ownership
   Certificate and
   Other Relevant
   Certificates
    	
 
    	
Domicile
    	
 
    	
Area or
   Quantity
    	
 
    	
Value of
   Mortgaged
   Properties
   (Yuan)
    	
 
    	
Amounts
   on Which
   a
   Mortgage
   Has Been
   Established
   for
   Other
   Creditor’s
   Rights
   (Yuan)
    	
 
    	
Principal of
   Creditor’s
   Rights
   Guaranteed
    
	
Sewage Treatment Station Building
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533413
    	
 
    	
Sewage Treatment Station Building of One Million Tons/Year Corn   Deep-Processing Expansion Project located at Jubao Village, Zhusan Town,   Datong District, Daqing City
    	
 
    	
516.95
    	
 
    	
1,163,138.00
    	
 
    	
0
    	
 
    	
578,935.92
    
	
Circulating Water Pump House
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533429
    	
 
    	
Circulating Water Pump House of One Million Tons/Year Corn   Deep-Processing Expansion Project located at Jubao Village, Zhusan Town,   Datong District, Daqing City
    	
 
    	
85.56
    	
 
    	
175,398.00
    	
 
    	
0
    	
 
    	
87,301.94
    
	
Liquefaction, Saccharification and Fermentation Workshop
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533445
    	
 
    	
Liquefaction, Saccharification and Fermentation Workshop of One Million   Tons/Year Corn Deep-Processing Expansion Project located at Jubao Village,   Zhusan Town, Datong District, Daqing City
    	
 
    	
4482.98
    	
 
    	
13,000,642.00
    	
 
    	
0
    	
 
    	
6,470,890.53
    

 

 

	
DDGS Workshop
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533446
    	
 
    	
DDGS Workshop of One Million Tons/Year Corn Deep-Processing Expansion   Project located at Jubao Village, Zhusan Town, Datong District, Daqing City
    	
 
    	
7125.36
    	
 
    	
16,602,089.00
    	
 
    	
0
    	
 
    	
8,263,461.18
    
	
DDGS Storehouse
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533459
    	
 
    	
DDGS Storehouse of One Million Tons/Year Corn Deep-Processing Expansion   Project located at Jubao Village, Zhusan Town, Datong District, Daqing City
    	
 
    	
3785.94
    	
 
    	
5,792,488.00
    	
 
    	
0
    	
 
    	
2,883,131.14
    
	
Ventilator Room
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533454
    	
 
    	
Ventilator Room of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing City
    	
 
    	
244.6
    	
 
    	
635,960.00
    	
 
    	
0
    	
 
    	
316.540. 33
    
	
Apartment Building
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533468
    	
 
    	
Apartment Building of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing City
    	
 
    	
7830.83
    	
 
    	
18,715,684.00
    	
 
    	
0
    	
 
    	
9,315,473. 99
    
	
Main Plant
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533475
    	
 
    	
Main Plant of One Million Tons/Year Corn Deep-Processing Expansion   Project located at Jubao Village, Zhusan Town, Datong District, Daqing City
    	
 
    	
5428.75
    	
 
    	
12,268,975.00
    	
 
    	
0
    	
 
    	
6,106.713.35
    

 

 

	
Comprehensive Building
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533477
    	
 
    	
Comprehensive Building of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing City
    	
 
    	
3933.15
    	
 
    	
9,675,549.00
    	
 
    	
0
    	
 
    	
4,815,871.28
    
	
Integrated Pump House
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533488
    	
 
    	
Integrated Pump House of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing City
    	
 
    	
165.1
    	
 
    	
354,965.00
    	
 
    	
0
    	
 
    	
176,678.94
    
	
Hydration Workshop
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533478
    	
 
    	
Hydration Workshop of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing City
    	
 
    	
1392.97
    	
 
    	
4,025,683.30
    	
 
    	
0
    	
 
    	
2,003,728.43
    
	
Boiler Room
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533494
    	
 
    	
Boiler Room of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing
    	
 
    	
2564.7
    	
 
    	
5,642,340.00
    	
 
    	
0
    	
 
    	
2,808,397.04
    

 

 

	
Water Pump House
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533495
    	
 
    	
Water Pump House of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing
    	
 
    	
876.56
    	
 
    	
1.709.292.00
    	
 
    	
0
    	
 
    	
850,776.55
    
	
Fermentation Workshop
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533504
    	
 
    	
Fermentation Workshop of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing
    	
 
    	
356.24
    	
 
    	
748,104.00
    	
 
    	
0
    	
 
    	
372, 358.46
    
	
Ash Storehouse
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533516
    	
 
    	
Ash Storehouse of One Million Tons/Year Corn Deep-Processing Expansion   Project located at Jubao Village, Zhusan Town, Datong District, Daqing
    	
 
    	
264.61
    	
 
    	
502,759.00
    	
 
    	
0
    	
 
    	
250,241.37
    
	
Crush Building
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533532
    	
 
    	
Crush Building of One Million Tons/Year Corn Deep-Processing Expansion   Project located at Jubao Village, Zhusan Town, Datong District, Daqing
    	
 
    	
323.29
    	
 
    	
581,922,00
    	
 
    	
0
    	
 
    	
289,643.66
    
	
Distillation Workshop
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA539722
    	
 
    	
Distillation Workshop of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing
    	
 
    	
1984.92
    	
 
    	
4,763,808.00
    	
 
    	
0
    	
 
    	
2,371,119.83
    

 

 

	
Leaching Workshop (including Power Distribution Room)
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533500
    	
 
    	
Leaching Workshop of One Million Tons/Year Corn Deep-Processing   Expansion Project located at Jubao Village, Zhusan Town, Datong District,   Daqing
    	
 
    	
956.16
    	
 
    	
2,199,168.00
    	
 
    	
0
    	
 
    	
1,094,605.59
    
	
New Steam Engine Room
    	
 
    	
Qing Fang Quan Zheng Datong District Zi No.NA533482
    	
 
    	
New Steam Engine Room of One Million Tons/Year Corn   Deep-Processing Expansion Project located at Jubao Village, Zhusan Town,   Datong District, Daqing
    	
 
    	
967.78
    	
 
    	
1,896,849.00
    	
 
    	
0
    	
 
    	
944,130.47
    
	
Industrial Land
    	
 
    	
Daqing Guo Yong (2008) No. 06-33620
    	
 
    	
Industrial Land of One Million Tons/Year Corn Deep-Processing Expansion   Project located at Jubao Village, Zhusan Town, Datong District, Daqing
    	
 
    	
139319
    	
 
    	
20,201,255. 00
    	
 
    	
0
    	
 
    	
0
    

 

 

VII.      The Mortgaged Properties have no defects or burdens which have not been notified to Party B in writing, including without limitation that the Mortgaged Properties are limited merchantable things, or the Mortgaged Properties are seized, detained, regulated, leased or kept, or the payments of purchase price, maintenance costs, construction project costs, national taxes, fees for assignment of land use right or damages are in arrears with respect of the Mortgaged Properties, or the Mortgaged Properties have provided a guarantee for any third person.

 

VIII.                      All materials and information related to the Mortgaged Properties provided by Party A to Party B are true, lawful, accurate and complete.

 

IX.           The mortgage guarantee provided by Party A will neither prejudice any legitimate interests of any third party, nor violate any statutory or contractual obligations of Party A.

 

Party A (Official Seal):

 

Legal Representative (the Principal) or Authorized Agent (Signature):

 

October 24, 2013

 

Party B (Official Seal):

 

The Principle or Authorized Agent (Signature):

 

October 24, 2013Exhibits 4.6

 

No.: 23060500-2013 Qing Ying (Mortgage) Zi No. 0009

 

Mortgage Contract

 

Agricultural Development Bank of China

 

 

Mortgagor (Full name): Daqing BoRun Biotechnology Co., Ltd.

 

Business License No.: 230606100002956

 

Legal Representative (Primary Personnel in Charge): Wang Jinmiao

 

Domicile (Address): Jubao Village, Zhusan Township, Datong District, Daqing City, Heilongjiang Province

 

Zip code: 163515

 

Bank and Account No. of Basic Deposit Account: Daqing Datong Branch of Long Jiang Bank Co., Ltd. 020120218000105

 

Tel and Fax: 0459-6989708

 

Mortgagee (Full name): Business Department of Daqing Branch of Agricultural Development Bank of China

 

Legal Representative (Primary Personnel in Charge): Chu Yongjia

 

Domicile (Address): No.137, Jianshe Road, Development District, Daqing City

 

Zip code: 163316

 

Tel and Fax: 0459-6297122

 

To ensure full performance of Debtor’s obligations under “Floating Capital Loan Contract” with No. of 23060500-2013 (Qing Ying) Zi No. 0051 (hereinafter referred to as “Principal Contract”) concluded by Daqing BoRun Biotechnology Co., Ltd. (hereinafter referred to as “Debtor”) and Mortgagee on November 28, 2013, and to ensure the enforcement of Mortgagee’s creditor’s rights, Mortgagor agrees to provide a mortgage guarantee to Mortgagee. To specify both parties’ rights and obligations, according to the Contract Law of the People’s Republic of China, the Guarantee Law of the People’s Republic of China and relevant laws and regulations, on the basis of equal, free-will and consensus negotiation, both parties enter into this contract to abide by.

 

1.                      Type and Amount of Principal Creditor’s Right under Guarantee

 

Principal creditor’s right guaranteed in this contract is the creditor’s right formed by Debtor during handling the business stipulated in Principal Contract at Creditor’s place. The type of the business stipulated in Principal Contract is Leading Processing Enterprise Corn Acquisition Loan, and the amount of the principal is RMB Ten Million Yuan Only (in words).

 

 

2.                      Period of discharging debt by Debtor

 

The period of discharging debt by Debtor is ten months, from December 02, 2013 to September 30, 2014. If there is any discrepancy between the actual period of discharging debt under Principal Contract and the stipulation in this Article, Principal Contract shall prevail.

 

3.                      Scope of Mortgage Guarantee

 

The scope of mortgage guarantee under this contract includes: principal creditor’s right’s principal, interest, compound interest, penalty interest, liquidated damages, compensation for damages, expenses for the enforcement of creditor’s right by Creditor and any other costs payable, including but not limited to litigation costs, arbitration costs, property preservation fees, appraisal charges, auction expenses, execution fees, transfer fees, agency fees, etc..

 

4.                      Mortgaged Property

 

4.1              Mortgagor is of free will to mortgage the properties specified in the Detailed List of Mortgaged Property under this contract as the mortgaged property. The detailed list of mortgaged property is an integrate part of this contract.

 

4.2              Stipulations about the value of the mortgaged property in the Detailed List of Mortgaged Property shall not be the appraisal basis when Mortgagee disposes such mortgaged property and shall be no restrict to the enforcement of right of mortgage by Mortgagee, and the final value of such mortgaged property is up to net income when such mortgaged property is actually dealt with to enforce right of mortgage.

 

5.                      Effectiveness of Right of Mortgage

 

The effectiveness of right of mortgage under this contract extends to the accessory thing, secondary right, the right of subrogation, fixture materials, mixture materials, processing materials, fruits and insurance money, damages and compensations, etc. incurred by the damage and loss or expropriation and requisition of the mortgaged property.

 

6.                      Registration of Mortgaged Property

 

6.1              In case that the mortgaged property under this contract must be handled mortgage registration formalities according to law, Mortgagor jointed by Mortgagee shall handle mortgage registration formalities at relevant department within 15 days upon the date of conclusion of this contract.

 

 

6.2              In case that both parties voluntarily handle mortgage registration formalities, Mortgagor jointed by Mortgagee shall handle mortgage registration formalities at relevant department within 15 days upon the date of conclusion of this contract.

 

6.3              In case that mortgage registration matters change and change of registration is needed according to law, Mortgagor jointed by Mortgagee shall handle mortgage registration formalities at relevant department within 15 days upon the date of change of mortgage registration matters.

 

7.                      Occupation and Custody of Mortgaged Property

 

7.1              Through the confirmation of both Mortgagor and Mortgagee, the original of certificate of other right and mortgage registration documents of the mortgaged property under this contract and other documents related to the mortgaged property shall be put under Mortgagee’s custody. Mortgagee shall take good care of ownership certificates of the mortgaged property, failing of which and resulting in the loss of such ownership certificates of the mortgaged property, Mortgagee shall bear the replacement costs.

 

7.2              Mortgagor shall take good care of the mortgaged property and make sure that the mortgaged property is all preserved well, and subject himself to the supervision and inspection from Mortgagee at any time.

 

7.3              Without Mortgagee’s written consent, Mortgagor shall not donate, transfer, rent out, remortgage, pledge, or use other ways to dispose the mortgaged property under this contract. With Mortgagee’s written consent, proceeds from the disposal of the mortgaged property shall be of priority used to repay the secured creditor’s right under Principal Contract or be deposited into Mortgagee’s designated account to guarantee to discharge debts under Principal Contract.

 

7.4              In case of the damage and loss of the mortgaged property, Mortgagor shall promptly take effective measures to prevent losses from enlarging and immediately notify Mortgagee. The insurance money and damages gained thereof shall be of priority used to repay the secured creditor’s right under Principal Contract or be deposited into Mortgagee’s designated account to guarantee to discharge debts under Principal Contract.

 

 

7.5              In case that any decrease happen to the value of the mortgaged property, Mortgagor shall restore the value of the mortgaged property or provide a guaranty with the value equivalent to such decrease and with the approval of Mortgagee. If Mortgagor refuses to restore or provide a guaranty, Mortgagee may exercise right of mortgage in advance, after which, if there are still losses, Mortgagor shall bear compensation responsibilities. If Mortgagor obtains compensation due to the decrease of the value of the mortgaged property, Mortgagor shall provide a guaranty within the scope of obtained compensation. The non-decreased part of the value of the mortgaged property shall still be the guarantee of creditor’s right under Principal Contract.

 

7.6              If the mortgaged property under this contract is needed to be expropriated due to the public interest or be requisitioned due to the rescue and relief work and other emergency situations, Mortgagor shall use the obtained compensation of such expropriation and requisition to repay the secured creditor’s right under Principal Contract or to deposit into Mortgagee’s designated account to guarantee to discharge debts under Principal Contract. If the compensation method is land replacement, Mortgagor shall use such obtained replaced as additional guarantee of this loan and promptly handle mortgage registration formalities, and if the value of guarantee is insufficient, such insufficient part shall be provided another guaranty in full separately.

 

8.                      Insurance of Mortgaged Property

 

8.1              In case that Mortgagee thinks the mortgaged property is needed to and can be insured, Mortgagor shall give property insurance upon the mortgaged property with Mortgagee as first beneficiary to relevant insurance administration in accordance with the required insurance type and insured amount by Mortgagee. The insurance term shall be longer than the period of discharging debt stipulated under Principal Contract and the insured amount shall be more than the principle and interest of debt under Principal Contract.

 

8.2              Mortgagor shall give the originals of insurance policy of the mortgaged property to Mortgagee for being taken care of, and such insurance policy shall not include any clause that may restrict Mortgagee’s rights and interests.

 

 

8.3              During the effective period of this contract, Mortgagor shall not interrupt or revoke the insurance for any reason. If the insurance is interrupted, Mortgagee shall be entitled to handle the insurance formalities and all expenses shall be borne by Mortgagor.

 

8.4              During the effective period of this contract, if the insurance accidence of the mortgaged property occurs, the insurance compensation shall of priority be used to repay the debt under Principal Contract, or be deposited into Mortgagee’s designated account, or be used to restore the value of the mortgaged property to continuingly guarantee to discharge the debt under Principal Contract.

 

9.                      Enforcement of Right of Mortgage

 

9.1              If the period of discharging debt agreed in Principle Contract expiries, Debtor fails to perform the obligation of repayment of the principle, interest and other costs of debt, Mortgagee can negotiate with Mortgagor and auction or sell off the mortgaged property according to law and have priority right to be repaid with proceeds, or to offset debt under Principle Contract by discounting the mortgaged property. If both parties fail to reach an agreement regarding the method of the enforcement of right of mortgage, Mortgagee can directly ask the People’s Court to auction or sell off the mortgaged property.

 

9.2              If Mortgagee terminates Principal Contract in accordance with Principal Contract or stipulations of national laws and regulations, or Mortgagee reclaims principal creditor’s right in advance in accordance with Principal Contract, Mortgagee can negotiate with Mortgagor and auction or sell off the mortgaged property according to law and have priority right to be repaid with proceeds, or to offset debt under Principle Contract by discounting the mortgaged property. If both parties fail to reach an agreement regarding the method of the enforcement of right of mortgage, Mortgagee can directly ask the People’s Court to auction or sell off the mortgaged property.

 

9.3              Proceeds from the disposal of the mortgaged property under this contract that exceed the principle, interest and other costs of debt belong to Mortgagor.

 

 

9.4              In case that Mortgagee disposes the mortgaged property under this contract, Mortgagor shall cooperate and set no obstacles.

 

10.               Representations and Undertakings by Mortgagor

 

10.1       The Mortgagor is fully aware of and agrees all the provision in Principal Contract, and provides mortgage guarantee for Debtor out of complete free will, and all declarations of will under this contract are true.

 

10.2       Mortgagor is the full, effective and legitimate owner or operating manager authorized by the state of the mortgage property under this contract. The mortgage property does not have any disputes regarding the ownership or operating management rights, and the mortgage property is not common property, or although it is common property, however it has already being agreed to be mortgaged according to law without any restrict with co-owners’ written consent regarding the mortgage matter. And there is no sealing up, distraining, supervision, tax in default, default on construction cost or other situations that may affect the enforcement of right of mortgage by Mortgagee. The mortgage property has not been rent, or although it has been partly or fully rent, however the tenant has been notified the mortgage matter and has provided the written document that undertakes to terminate the lease gratuitously when Mortgagee enforces right of mortgage, and Lender has been notified the lease situation in writing.

 

10.3       If Principal Contract is “Back Acceptance Agreement”, Mortgagor undertakes that any bill or non-bill dispute between Debtor and the bearer of acceptance bill, the endorser or other parties shall not affect that Mortgagor bears the guarantee responsibilities to Mortgagee in accordance with this contract.

 

10.4       If any of the following conditions occurs to Mortgagor, Mortgagor shall promptly notify Mortgagee in writing:

 

10.4.1                   Operational mechanism changes, including but not limited to the implementation of contracting, leasing, joint venture, merger, division, shareholding reform, foreign joint ventures, or change of business scope and registered capital, change of share ownership, etc., in case of which, Mortgagor shall notify Mortgagee 30 days in advance.

 

 

10.4.2                   Being involved in a massive economic dispute, or any dispute of ownership of the mortgage property or being taken preservative measures to the mortgage property, or cessation of business, filing or being filed for bankruptcy, dissolution, rectification, revocation of business licenses, revocation, or changes of domicile, telephone, legal representative, etc., in case of which, Mortgagor shall notify Mortgagee within 5 days upon occurrence of other situations.

 

10.4.3                   Change of land use after land use right is mortgaged, in case of which, Mortgagor shall notify Mortgagee 30 days in advance.

 

10.5       Within the period of validity of this contract, if the listed matters in 10.4 of this article or other matters occur, Mortgagor shall continue to bear the guarantee responsibilities under this contract.

 

10.6       Within the period of validity of this contract, if Mortgagee transfers the creditor’s right under this contract according to law, Mortgagor shall still continue to bear the guarantee responsibilities within the original scope of mortgage guarantee.

 

10.7       If Debtor fails to perform debts, whether Mortgagee has other guaranties to the creditor’s right under this contract or not, Mortgagee still have the right to directly require Mortgagor to bear the guarantee responsibilities within its scope of mortgage guarantee.

 

10.8       Without Mortgagee’s written consent, Mortgagor shall not mortgage or pledge the mortgage property in any form or lease, transfer, donate the mortgage property to any third party, and Mortgagor shall protect the mortgage property from any infringement and promptly notify Mortgagee and assist Mortgagee to prevent right of mortgage from any infringement when right of mortgage suffers or is likely to suffer any third party’s infringement.

 

10.9       Mortgagee and Debtor can agree to change Principal Contract without Mortgagor’s consent regarding matters except for renewal of contract, increase of the amount of principal creditor’s right, increase of loan interest rate or change of currency. And Mortgagor shall still bear the guarantee responsibilities within its scope of guarantee agreed in this contract.

 

 

10.10            Mortgagor bears relevant expenses under this contract, including but not limited to attorney’s services, authentication, notarization, appraisal, registration, transfer ownership, custody, litigation fees, etc..

 

11.               Responsibilities for Breach of Contract

 

11.1       After this contract comes into effect, both Mortgagor and Mortgagee shall perform obligations as agreed in this contract. Any party that fails to perform or fully perform the repayment obligation as agreed in this contract shall bear corresponding responsibility for breach of contract and compensate the other party’s losses incurred therefrom.

 

11.2       If Mortgagor provides false representations in Article10 in this contract, or fails to perform undertakings in Article10 in this contract, or dispose the mortgage property arbitrarily without Mortgagee’s written consent, or violates this contract and refuses or delays to go through the mortgage property’s insurance or mortgage registration, or conduct any action to affect the enforcement of right of mortgage by Mortgagee against this contract, which causes economic losses to Mortgagee, Mortgagor shall bear all the compensation responsibilities.

 

11.3       If this contract becomes invalid not due to Mortgagee’s fault, Mortgagor shall compensate all of Mortgagee’s losses within the scope of mortgage guarantee as agreed in this contract.

 

12.               Commencement, Change and Termination of Contract

 

12.1       This contract shall come into effect upon the signature and seal by both Mortgagor and Mortgagee. If mortgage registration is required in accordance with law or this contract, right of mortgage shall be established upon the date of registration.

 

12.2       The invalidity or unenforceability of any provision in this contract shall not affect other provisions’ validity and enforceability, and not affect the effectiveness of the whole contract.

 

12.3       After this contract comes into effect, unless otherwise agreed in this contract, neither party of Mortgagor and Mortgagee shall change or terminate this contract arbitrarily. If it needs to change or terminate this contract, the party shall notify the other party in writing and both parties shall enter into a written agreement through mutual negotiation.

 

 

13.               Dispute Resolution

 

13.1       Any dispute arising from the performance of this contract may be resolved through negotiation between Mortgagor and Mortgagee, failing of which, such dispute shall be resolved in the following 13.1.1 methods:

 

13.1.1              By submitted to the People’s Court in Mortgagee’s location;

 

13.1.2              By submitted to / Arbitration Committee (arbitration in / ), and arbitration shall be conducted in accordance with such commission’s arbitration rules in effect at the time of applying for arbitration.

 

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

 

14.               Other Matters Agreed by Both Parties

 

14.1/.

 

14.2/.

 

14.3/.

 

15.               Supplementary Provisions

 

15.1       Unless otherwise agreed in this contract, all notices between Mortgagor and Mortgagee shall be sent to the other party in writing. Any telex or telegram sent from Mortgagee to Mortgagor shall be deemed to have been served after sent out, and any mail sent from Mortgagee to Mortgagor shall be deemed to have been served after delivered to post office.

 

15.2       Annex in this contract is an integral part of this contract and has the same legal effect with this contract.

 

15.3       This contract is made in two counterparts with each party holding one counterpart, which shall have the same legal effect.

 

16.               Special Tips

 

Mortgagee has proposed Mortgagor to pay special attention to the each provision’s definition and legal consequences in this contract, and obtain comprehensive and accurate understanding thereof. Mortgagee has also given corresponding explanation to the aforesaid provisions at the request of Mortgagor. Both parties have no dissent to understanding of each provision in this contract.

 

 

	
Mortgagor:   (seal)
    	
 
    	
Mortgagee:   (seal)
    
	
 
    	
 
    	
 
    
	
Legal   representative
    	
 
    	
Legal   representative:
    
	
 
    	
 
    	
 
    
	
(Primary   Personnel in Charge):
    	
 
    	
(Primary   Personnel in Charge)::
    
	
 
    	
 
    	
 
    
	
(Or   authorized agent): Su Mingyue
    	
 
    	
(Or   authorized agent): Chu Yongjia
    
	
 
    	
 
    	
 
    
	
November 28,   2013
    	
 
    	
November 28, 2013
    

 

 

The following mortgaged properties have been verified to be correct by Mortgagor and Mortgagee.

 

This Detailed List is the annex of “Mortgage Contract” with No. of 23060500-2013 Qing Ying (Mortgage) Zi No. 0009.

 

Detailed list of the mortgaged property

 

	
Unit: Ten thousand
    	
 
    

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Location
   (storage,
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Insurance   policy
    	
 
    	
 
    
	
Name of the
   mortgaged
   property
    	
 
    	
Specification
   and model
    	
 
    	
Quantity
   and unit
    	
 
    	
Quality   and
   condition
    	
 
    	
custody   and
   usage
   company)
    	
 
    	
Original
   value
    	
 
    	
Appraised
   value
    	
 
    	
Co-owner
    	
 
    	
Mortgaged
   circumstance
    	
 
    	
No.
    	
 
    	
Beginning
   and ending
   dates
    	
 
    	
Note
    
	
vacuum pump
    	
 
    	
 
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
86.32
    	
 
    	
69.75
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
HL four roll crusher
    	
 
    	
HL4PG5-250T
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
85.47
    	
 
    	
69.06
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
feed water pump
    	
 
    	
DG150-100*7
    	
 
    	
3 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
85.47
    	
 
    	
69.06
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
temperature and pressure   equipment
    	
 
    	
 
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
85.47
    	
 
    	
69.06
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
YDG1000
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
84.40
    	
 
    	
68.2
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
GZG1000
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
83.76
    	
 
    	
67.67
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
LPG tank
    	
 
    	
ø7000*9000
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
83.30
    	
 
    	
67.3
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
cooling tower
    	
 
    	
 
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
82.91
    	
 
    	
66.99
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
YDG1000
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
79.91
    	
 
    	
64.56
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
energy-saving and   water-saving reverse osmosis water purifier
    	
 
    	
 
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
79.82
    	
 
    	
64.49
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    

 

 

	
horizontal spiral   centrifuge
    	
 
    	
LW430b-1
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
79.15
    	
 
    	
63.95
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Cooling tower
    	
 
    	
 
    	
 
    	
9 sets
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
77.09
    	
 
    	
62.29
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
steels
    	
 
    	
 
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
76.00
    	
 
    	
61.4
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
YDG1000
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
74.98
    	
 
    	
60.58
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
GZG800
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology   Co., Ltd.
    	
 
    	
73.85
    	
 
    	
59.67
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
GZG800
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
73.85
    	
 
    	
59.67
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
GZG800
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
73.85
    	
 
    	
59.67
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
tube-bundle drier
    	
 
    	
GZG800
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
73.85
    	
 
    	
59.67
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
alcohol metering tank
    	
 
    	
ø700*7000
    	
 
    	
2 sets
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
72.54
    	
 
    	
58.61
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
first and second   evaporative condenser
    	
 
    	
WLN250
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
71.71
    	
 
    	
57.94
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
crude tower reboiler
    	
 
    	
550 square
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
70.92
    	
 
    	
57.2
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
disc type separator
    	
 
    	
DPF850
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
70.51
    	
 
    	
56.97
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
steam turbine
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
133.33
    	
 
    	
107.73
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
low tension transformer
    	
 
    	
SCB9-800/10
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
69.23
    	
 
    	
55.94
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    

 

 

	
pre LPG tank
    	
 
    	
Ø5000*7500
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.93
    	
 
    	
55.69
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
spiral plate heat   exchanger
    	
 
    	
LIT150-1500
    	
 
    	
11 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.92
    	
 
    	
55.68
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
suction-type specific   gravity stoner
    	
 
    	
QSII-125 0.25KW
    	
 
    	
5 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.89
    	
 
    	
55.66
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
yeast tank
    	
 
    	
Ø3600*5000
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.88
    	
 
    	
55.65
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
vibration coal feeder
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.72
    	
 
    	
55.52
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
air compressor and   associated equipment
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.38
    	
 
    	
55.25
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
oil press
    	
 
    	
Y2390 160KW*2
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.21
    	
 
    	
55.11
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
hammer mill
    	
 
    	
GFS-120-83 160KW
    	
 
    	
5 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
68.11
    	
 
    	
55.03
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
crude distillation   column reboiler
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
66.32
    	
 
    	
53.58
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
mature fermented mash   tank
    	
 
    	
6500*8000
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
65.30
    	
 
    	
52.76
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Horizontal cooler
    	
 
    	
SDHCD08
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
62.99
    	
 
    	
50.89
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
packing scale
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
62.82
    	
 
    	
50.76
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
after-reservoir
    	
 
    	
Ø500
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
61.85
    	
 
    	
49.97
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
water dust scrubber
    	
 
    	
 
    	
 
    	
7 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
59.87
    	
 
    	
48.37
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    

 

 

	
Lees liquid tank
    	
 
    	
5000*4200
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
58.44
    	
 
    	
47.22
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
breaking plant   (affiliated facilities)
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
57.26
    	
 
    	
46.26
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Square spray cooling   tower
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
57.01
    	
 
    	
46.06
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Horizontal spiral   unloading settling centrifuge
    	
 
    	
LW530
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
56.43
    	
 
    	
45.59
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
crude argon column   condenser
    	
 
    	
75 square
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
55.12
    	
 
    	
44.53
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
single-effect evaporator   1
    	
 
    	
F=809 square
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
54.19
    	
 
    	
43.78
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Screw type air   compressor
    	
 
    	
UD110A-8 110KW
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
53.78
    	
 
    	
43.45
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Industrial wine jar
    	
 
    	
Ø2500*4000
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
50.62
    	
 
    	
40.9
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Furnace
    	
 
    	
 
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
50.00
    	
 
    	
40.4
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
horizontal centrifuge
    	
 
    	
LW530-2270
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun   Biotechnology Co., Ltd.
    	
 
    	
48.72
    	
 
    	
39.36
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Crude tower condenser
    	
 
    	
V110 161.7m2
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
47.39
    	
 
    	
38.29
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
product tank
    	
 
    	
Ø5000*6000
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
47.12
    	
 
    	
38.07
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
four-effect separator B
    	
 
    	
DN3400*5000
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
47.01
    	
 
    	
37.98
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
low-voltage switch gear
    	
 
    	
GGD
    	
 
    	
14 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
46.38
    	
 
    	
37.47
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    

 

 

	
Vertical needle impact mill
    	
 
    	
LZM1000-NA 220KW
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
45.60
    	
 
    	
36.84
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Stainless steel detachable heat exchanger
    	
 
    	
150m2
    	
 
    	
4 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
45.28
    	
 
    	
36.58
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Stainless steel detachable heat exchanger
    	
 
    	
150m2
    	
 
    	
4 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
45.28
    	
 
    	
36.58
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
slurry mixing tank
    	
 
    	
Ø6000*7500
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
44.87
    	
 
    	
36.25
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
stainless steel tube
    	
 
    	
Ø1200*2000
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
44.87
    	
 
    	
36.25
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
separator
    	
 
    	
DN3600
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
44.70
    	
 
    	
36.12
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
dosing device
    	
 
    	
LHD-0.5*2
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
44.44
    	
 
    	
35.91
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
voltage transformer
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
43.30
    	
 
    	
34.98
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
steamed off, analytical condenser
    	
 
    	
WLN150
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
43.02
    	
 
    	
34.76
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Submersible sewage pump
    	
 
    	
KQ100/20KB
    	
 
    	
3 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
42.74
    	
 
    	
34.53
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Multi drum type cold slag machine
    	
 
    	
 
    	
 
    	
4 sets
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
42.74
    	
 
    	
34.53
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
valve
    	
 
    	
 
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
42.74
    	
 
    	
34.53
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Needle impact mill
    	
 
    	
IM750 TYPE 90KW
    	
 
    	
1 set
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
42.30
    	
 
    	
34.18
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    

 

 

	
Rotary Valve
    	
 
    	
GFY-95L 3KW
    	
 
    	
10 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
41.04
    	
 
    	
33.15
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
water recirculator
    	
 
    	
NZF-500
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
41.03
    	
 
    	
33.15
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Valveless filter
    	
 
    	
SWL-300
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
41.03
    	
 
    	
33.15
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
blast packing system
    	
 
    	
Q=15
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
39.83
    	
 
    	
32.18
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Reflux tank washing tower
    	
 
    	
2 cube
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
38.30
    	
 
    	
30.94
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
bar disintegrator
    	
 
    	
JBL1000
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
37.61
    	
 
    	
30.39
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Fusel oil tank
    	
 
    	
Ø3000*3000
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
37.11
    	
 
    	
29.98
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Methanol tower reboiler
    	
 
    	
350 square
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
37.08
    	
 
    	
29.96
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
first long tube evaporator
    	
 
    	
ZFQ120
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
36.88
    	
 
    	
29.8
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
CIP column washer
    	
 
    	
Ø5000*4500
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
35.69
    	
 
    	
28.84
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
water scrubber
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
31.10
    	
 
    	
25.13
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Vertical lift check valve
    	
 
    	
DN200
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
4.55
    	
 
    	
3.68
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Reflux tank of distillation column
    	
 
    	
Ø1000*1700
    	
 
    	
30 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
34.74
    	
 
    	
28.07
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Lateral mixing
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
34.36
    	
 
    	
27.76
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Roots blower
    	
 
    	
SSR-150
    	
 
    	
4 sets
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
34.19
    	
 
    	
27.62
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    

 

 

	
Electric double bridge crane
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
34.19
    	
 
    	
27.62
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
loader
    	
 
    	
ZL50E
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
34.07
    	
 
    	
27.53
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Crusher vibrating screen
    	
 
    	
 
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
33.81
    	
 
    	
27.32
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Reboiler of distillation tower
    	
 
    	
350 square
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
33.80
    	
 
    	
27.31
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Methanol tower reboiler
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
33.59
    	
 
    	
27.14
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
feed water pump
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
33.50
    	
 
    	
27.07
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
pressure transmitter
    	
 
    	
EJA530A-EBS4N 0-2.4MPa
    	
 
    	
20 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
33.04
    	
 
    	
26.7
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Coarse wine jar
    	
 
    	
5 cube
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
32.87
    	
 
    	
26.56
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Refluxing methanol tower tank
    	
 
    	
5 cube
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
32.87
    	
 
    	
26.56
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Fiber squeezer
    	
 
    	
650
    	
 
    	
2 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
32.48
    	
 
    	
26.24
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
pressure transmitter
    	
 
    	
EJA530A-EBS4N 0-2.0MPa
    	
 
    	
20 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
32.44
    	
 
    	
26.21
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Lye elevated tank
    	
 
    	
1600*1800
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
32.11
    	
 
    	
25.94
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    

 

 

	
cyclone dust extractor
    	
 
    	
 
    	
 
    	
5 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
32.04
    	
 
    	
25.89
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
cyclone
    	
 
    	
 
    	
 
    	
5 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
31.99
    	
 
    	
25.85
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
pressure transmitter
    	
 
    	
EJA530A-EBS4N 0-1.6MPa
    	
 
    	
20 pieces
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
31.93
    	
 
    	
25.8
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
loader
    	
 
    	
 
    	
 
    	
1 piece
    	
 
    	
normal
    	
 
    	
Daqing BoRun Biotechnology Co., Ltd.
    	
 
    	
23.33
    	
 
    	
18.85
    	
 
    	
 
    	
 
    	
mortgaged
    	
 
    	
801012013230697000019
    	
 
    	
2013.11.28-2014.9.30
    	
 
    	
 
    
	
Total
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
.
    	
 
    	
5199.7
    	
 
    	
4201.15
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Mortgagor: (seal)
    	
 
    	
Mortgagee: (seal)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Legal representative (Primary Personnel in Charge)
    	
 
    	
              Legal   representative (Primary Personnel in Charge)
    	
 
    	
 
    
	
 
    	
 
    	
Or authorized agent:
    	
 
    	
              Or   authorized agent:
    	
 
    	
 
    
	
 
    	
 
    	
November 28, 2013
    	
 
    	
November 28, 2013

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"}]]