Document:

Exhibit 10.8

Exhibit 10.8

10.8 Maximum Amount Mortgage Contract between Shandong Runyin

Biochemical Co., Ltd. and Rural Cooperative Bank of Dongping, Shandong,

dated on November 24, 2010, for RMB 8.5 million Loan

	•	 	Main contents:

	 	•	 	Contract No.: Shandong Dongping Nongcun Hezuo Yinhang Gao Di Zi (2010) No.
0025

	 
	 	•	 	Mortgagor: Shandong Runyin Biochemical Co., Ltd.

	 
	 	•	 	Mortgagee: Rural Cooperative Bank of Dongping, Shandong

	 
	 	•	 	Maximum Amount of the Mortgage (RMB): RMB 10 million

	 
	 	•	 	As mortgagor, Shandong Runyin Biochemical Co., Ltd. provide mortgage
guarantee of land lots, houses and machinery equipments which evaluated as RMB
23,110,000 temporarily for securing the Company’s debt under the Loan Agreement (Ref:
(Shan Dong Dong Ping Nong Cun He Zuo Yin Hang) Liu Jie Zi (2010) No. 0025).

	 
	 	•	 	Mortgaged Items: land lots, houses and machinery equipments which evaluated
as RMB 23,110,000 temporarily.

	 
	 	•	 	Fee Bearing: Mortgagor bears the relevant fees under the agreement.

	•	 	Headlines of the articles omitted

	 	•	 	Scope of mortgage

	 
	 	•	 	Commitment of mortgagor

	 
	 	•	 	Effectiveness of mortgage right

	 
	 	•	 	Possession and storage of mortgaged items

	 
	 	•	 	Insurance of the mortgaged items

	 
	 	•	 	Registration of mortgage

	 
	 	•	 	Transaction of mortgage right

	 
	 	•	 	Determination of secured creditor’s right

	 
	 	•	 	Implementing of mortgage right

	 
	 	•	 	Dispute settlement

	 
	 	•	 	Miscellaneous

	 
	 	•	 	Effectiveness

	 
	 	•	 	AttentionExhibit 10.9

Exhibit 10.9

10.9 Loan Agreement between Shandong Xiangrui Pharmacy Co., Ltd.

(Company) and Agricultural Development Bank of China, Dongping Branch,

dated on June 11, 2010, for RMB 30 million

	•	 	Main contents:

	 	•	 	Contract No.: 37092300-2010 (Dongping) Zi No. 0003

	 
	 	•	 	Borrower: Shandong Xiangrui Pharmacy Co., Ltd.

	 
	 	•	 	Lender: Agricultural Development Bank of China, Dongping Branch

	 
	 	•	 	Loan Amount (RMB): RMB 30 million

	 
	 	•	 	Purpose of the Loan: purchase of corn

	 
	 	•	 	Contract Term: June 11, 2010 to June 10, 2011

	 
	 	•	 	Interest Rate:

	 	•	 	The fixed annual interest rate is 5.31%.

	 
	 	•	 	Penalty interest rate for delayed repayment: 5.31% plus 50%;

	 
	 	•	 	Penalty interest rate for embezzlement of loan proceeds: 5.31% × 2;

	 	•	 	Rights and Obligations of the Lender:

	 	•	 	Lender is entitled to get the information such as Borrower’s operation,
financial activities, inventory and loan usage. Lender could require
disclosure of Borrower’s financial status.

	 
	 	•	 	Lender can cease to lend the loan or withdraw the loan before the due
date in the situation caused by Borrower which would be detrimental to the
safety of the loan.

	 
	 	•	 	When withdrawing the principal and relevant fees on due or before the due
date, Lender could obtain the money from Borrower’s account directly.

	 
	 	•	 	In the event of breaches of the agreement by Borrower, Lender can
disclose Borrower’s breaches of the agreement publicly when the Borrower do
not performance his (her) obligations.

	 
	 	•	 	Lender shall disburse the loan in a timely manner pursuant to the
agreement.

	 	•	 	Rights and obligations of the borrower

	 	•	 	Borrower is entitled to obtain and use the loan pursuant to the
agreement.

	 
	 	•	 	Borrower shall make the balance of the loan through the contracted
account pursuant the agreement.

	 
	 	•	 	Borrower shall complete the relevant procedure when the loan is a foreign
currency loan.

	 
	 	•	 	Borrower shall return the principal and interests timely. Borrower can
extend the term of the loan when getting the consent of Lender pursuant to
the agreement.

	 
	 	•	 	Borrower must make the usage of the money in conformity with the purpose
of the loan contracted in the agreement.

 

 

 

	 	•	 	Borrower should inform the relevant financial information to Lender
monthly and cooperate with Lender for the investigation of the loan.

	 
	 	•	 	When Borrower’s conduct may be probably detrimental to the debt
relationship within the loan agreement, the conduct could only be valid when
a written notification has been informed to Lender in advance to get the
consent of Lender and the Borrower has made a promise on clearing liability
under the agreement.

	 
	 	•	 	Consent of Lender should be obtained when any of the Borrower’s
guaranties or mortgages on his (her) major assets for a third party is
possible to be detrimental to Borrower’s capability of repayment under the
agreement.

	 
	 	•	 	Borrower and his (her) investors shall not spirit the money, transfer the
assets or alien the shares to evade the obligations to Lender pursuant to
the agreement.

	 
	 	•	 	A written notification should be informed to Lender when there is any
alternation of Borrower’s name, legal representative, address and business
scope.

	 
	 	•	 	When the guaranty capability of Guarantor under the agreement or the
value of any mortgaged items under the agreement get detriment, Borrower
should offer other guaranty or mortgage accepted by Lender timely.

	 
	 	•	 	Borrower bears the relevant fees under the agreement.

	 	•	 	Prepayment of the Loan:

	 
	 	 	 	Borrower should apply for Lender’s consent 15 days in advance if Borrower is willing
to prepay the loan. The interest rate of prepayment shall accord with the agreement.

	 
	 	•	 	Liabilities of Breach of Contract:

	 
	 	 	 	Damages, penalty interest for delayed repayment; penalty interest for embezzlement of
loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of
principal and interest before maturity, attachment of assets; lawyer’s fee and travel
cost in case of litigation or arbitration due to the Company ’s breach of contract
etc.

	 
	 	•	 	Guarantee of the loan

	 
	 	 	 	The loan is secured by Guaranty Contract (Contract No.: 37092300-2010 (Dongping) Bao
Zi No. 0004)

	•	 	Headlines of the articles omitted

	 	•	 	Types of the loan

	 
	 	•	 	Clearing of the loan interest

	 
	 	•	 	Condition precedent to the drawing of the loan

	 
	 	•	 	Dispute settlement

	 
	 	•	 	Miscellaneous

	 
	 	•	 	Effectiveness

	 
	 	•	 	Validity

	 
	 	•	 	AttentionExhibit 10.10

Exhibit 10.10

10.10 Guaranty Contract between Ruixing Group Co., Ltd. and Agricultural

Development Bank of China, Dongping Branch (Agricultural Development

Bank), dated June 11, 2010, for RMB 30 million Loan.

	•	 	Main Contents

	 	•	 	Contract No.: 37092300-2010 (Dongping) Bao Zi No. 0004

	 
	 	•	 	Guarantor: Ruixing Group Co., Ltd.

	 
	 	•	 	Guarantee: Agricultural Development Bank of China, Dongping Branch

	 
	 	•	 	As guarantor, Ruixing Group Co., Ltd. undertakes to assume joint and
several liabilities for Shandong Xiangrui Pharmacy Co., Ltd.’s indebtedness towards
Agricultural Development Bank under a Loan Agreement with Contract No.: 37092300-2010
(Dongping) Zi No. 0003.

	 
	 	•	 	Secured Items: the loan principal, interest, penalty interest, damages,
compensation and all the expenses incurred for Bank of Communications to realize its
creditor’s right under Loan Agreement;

	 
	 	•	 	Guaranty period:

	 	•	 	Two years from the expiry date that Shandong Xiangrui Pharmacy Co., Ltd.
should fulfill its obligations in accordance with Loan Agreement;

	 
	 	•	 	If term of Loan Agreement is extended, guaranty period shall be two years
from the expiry date for Shandong Xiangrui Pharmacy Co., Ltd. to fulfill its
obligations according to the extended agreement;

	 
	 	•	 	If due to the provisions of relevant PRC law or regulations or any
agreement reached under Loan Agreement, any loan becomes mature ahead of its
term, guaranty period shall be two years starting from the advance mature
date.

	 	•	 	Liabilities of Breach of Contract: Guarantor shall compensate Warrantee any
loss suffered from Shandong Xiangrui Pharmacy Co., Ltd.’s breach of contract.

	•	 	Headlines of the articles omitted

	 	•	 	Commitment of guarantor

	 
	 	•	 	Assumption of guarantor’s responsibility

	 
	 	•	 	Dispute settlement

	 
	 	•	 	Miscellaneous

	 
	 	•	 	Effectiveness

	 
	 	•	 	Validity

	 
	 	•	 	AttentionExhibit 10.11

Exhibit 10.11

10.11 Guaranty Contract between Shandong Xiangrui Pharmacy Co., Ltd.

(Company) and Citibank Shanghai, dated July 13, 2009, for RMB 80 million

Loan.

	•	 	Main Contents

	 	•	 	Contract No.: MR748004090713

	 
	 	•	 	Guarantor: Shandong Xiangrui Pharmacy Co., Ltd.

	 
	 	•	 	Guarantee: Citibank Shanghai

	 
	 	•	 	As guarantor, Shandong Xiangrui Pharmacy Co., Ltd. (Company) undertakes to
assume joint and several liabilities for Runyin Bio-chemical Co., Ltd’s indebtedness
towards Citibank Shanghai under a Uncommitted Short Term Cycling Finance Agreement
with Contract No.: FA748004090713.

	 
	 	•	 	Guarantee Items: the Company agreed to created mortgage over land use right
(Certificate No.: Dong Guo Yong 2008 No. 31; area: 43,249 m2) and the properties
(Certificate No.: Dong Guo Yong 2008 No. 10288; area: 12,713 m2) to secure the
payment of the debts under the main loan agreement.

	 
	 	•	 	The maximum amount of the guarantee is RMB 34,935,291 Yuan.

	 
	 	•	 	The mortgage term is from August 10, 2009 to August 10, 2014.

	 
	 	•	 	Secured Items: the loan principal, interest, penalty interest, damages,
compensation and all the expenses incurred for Bank of Communications to realize its
creditor’s right under Loan Agreement.

	 
	 	•	 	Liabilities of Breach of Contract: Guarantor shall compensate Warrantee any
loss suffered from Shandong Xiangrui Pharmacy Co., Ltd.’s breach of contract.

	•	 	Headlines of the articles omitted

	 	•	 	Commitment of guarantor

	 
	 	•	 	Assumption of guarantor’s responsibility

	 
	 	•	 	Dispute settlement

	 
	 	•	 	Miscellaneous

	 
	 	•	 	Effectiveness

	 
	 	•	 	Validity

	 
	 	•	 	Attention

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