Document:

Exhibit 4.7

Guaranty Contract

(Counter Security)

 

 

 

Debtor: Daqing Borun Biotechnology Co.,
Ltd

 

Counter-Guarantor (Party A): Shandong
Borun Industrial Co., Ltd

 

Guarantor (Party B): Heilongjiang Zeyu
Financing and Security Co., Ltd

 

    	 

    	 

    

 

Guaranty Contract

(Counter Security)

 

 

Party A: (full name) Shandong Borun Industrial
Co., Ltd

Legal Representative: WANG Jinmiao

Address (Correspondence Address): South,
Bohai Industrial Park, Shouguang City (south of Yangkou Town)

Tel and Fax: 0536-54556688

 

Party B: (full name) Heilongjiang Zeyu
Financing and Security Co., Ltd

Legal Representative: WANG Xiaoyu

Address (Correspondence Address): No.58,
Chenggaozi Street, Xiangfang District, Harbin City

Tel and Fax: 0451-51866018

 

In order to ensure the actual performance
of the debtor’s obligations under the Loan Contract (23060550-2012 (Qing Ying) Zi No 0038) (the “Master Contract”)
entered into on September 14 2012 between Daqing Borun Biotechnology Co., Ltd (the “Debtor”) and Daqing Branch of Agricultural
Development Bank of China (the “Creditor”), and the Contract of Entrustment of Security (Ze Yu Wei Bao Zi 2012 No.1)
entered into with Party B, and to ensure the realization of the Creditor’s rights and Party B’s rights, Party A is
willing to provide guaranty to Party B as the counter security. For purpose of defining the rights and obligations of both parties,
upon the equal negotiation and agreement, the parties have entered into this contract according to the Contract Law of the People’s
Republic of China and the Security Law of the People’s Republic of China and other laws and regulations.

 

Article I Type and Amount of the Secured
Credit Right

 

The credit right secured under this contract
is the loan granted by the Creditor according to the Master Contract (and Party B provides guaranty for such loan), and the amount
is RMB Ten million.

 

Article II Loan Period of the Debtor
under the Master Contract 

 

Party A’s loan period under the Master
Contract is 12 months, from September 14 2012 to September 13 2013 If the actual loan period of the Master Contract is inconsistent
with this article, the Master Contract will prevail.

 

    	 

    	 

    

 

Article III Method of Guaranty

 

This contract adopts the guaranty with
joint and several liabilities.

 

Article IV Scope of Guaranty (Counter
Security)

 

The scope of guaranty under this contract
includes:

 

4.1 the principal, interest, default interest,
compound interest, liquidated damages, damages under the Master Contract, as well as Party B’s expenses for realizing the
credit right and other payable expenses, including but not limited to litigation fees, arbitration fees, property preservation
fees, appraisal fees, auction fees, execution fees, agency fees, attorney fees, which will be paid no less than 10% of Party B’s
security amount.

 

4.2 the obligations to be performed by
the Debtor under the Contract of Entrustment of Guaranty.

 

Article V Period of Guaranty

 

5.1 The period of guaranty under this contract
is 2 years as from the following date of the expiration of the loan under the Master Contract.

 

5.2 If any events provided by laws, regulations
or the Master Contract occur and the Creditor therefore collect the loan early, the period of guaranty will be 2 years as from
the following date of the expiration date as indicated by the notice issued to the Debtor or Party B by the Creditor.

 

5.3 If the Debtor agrees with the Creditor
to extend the loan period under the Master Contract, Party B agrees to continue to provide guaranty, and Party A agrees to continue
to assume the guaranty liability, the guaranty period will be 2 years as from the following date of the expiration date of the
extension period under the loan extension agreement.

 

Article VI Party A’s Representations
and Warranties

 

6.1 Party A has the capacity to provide
guaranty and may provide guaranty for others according to relevant laws and regulations of the state.

 

6.2 Party A has sufficient capability to
assume the guaranty liability, and its guaranty liability will not be reduced or relieved due to any direction, change of financial
conditions, and any agreement entered into with any entity.

 

6.3 Party A has received and read the Master
Contract and the Contract of Entrustment of Guaranty, fully understands the loan purpose of the Debtor under the Master Contract.
It is willing to provide guaranty (the counter security) to Party B under the Contract of Entrustment of Guaranty, and its declaration
of intention under this contract is real.

 

    	 

    	 

    

 

6.4 Party A is willing to accept the investigation
of Party B on its capital and asset conditions, and will provide real, lawful, complete and valid accounting statements and other
materials and information as required by Party B.

 

6.5 Where the Debtor fails to perform the
obligation of repaying the principal and interest of the loan and other expenses according to the Master Contract, Party A will
assume the joint and several guaranty liabilities according to this contract, and will authorize Party B to directly collect payment
from any account opened at the Creditor by Party A.

 

6.6 When the Creditor terminates the Master
Contract according to the provisions of the Master Contract or laws and regulations, or early collects the loan according to the
provisions of the Master Contract, Party B has the right to request Party A to bear early the guaranty liability, and Party A shall
perform such joint and several guaranty liability within 5 working days upon the receipt of the Notice of Performing Guaranty Liability.
If Party A fails to timely perform the guaranty liability, it will authorize Party B to directly collect payment from any account
opened at the Creditor by Party A.

 

6.7 Where the Debtor provides property
security, Party A agrees that it will perform the guaranty liability prior to the property security for the entire debts.

 

6.8 When any of the following events occurs,
Party A shall give 30 days prior written notice to Party B:

 

6.8.1 change of operating mechanism, including
but not limited to contracting, lease, association, merger (acquisition), division, shareholding reform, joint venture with foreign
merchants, assets transfer etc;

 

6.8.2 change of business scope and registered
capital, or change of equity;

 

6.8.3 provision of guaranty for third party’s
debt, or creation of mortgage, pledge or security to itself or third party’s debt through its major assets.

 

6.9 When any of the following events occurs,
Party A shall notify Party B in writing within 5 days after the occurrence of such event:

 

6.9.1 change of affiliation, amendment
of corporate articles of association, adjustment of organization structure etc;

 

6.9.2 going into bankruptcy, out of business,
dissolution, stop of business for internal rectification, cancellation of registration, cancellation of business license, and revocation
etc;

 

    	 

    	 

    

 

6.9.3 deterioration of financial conditions,
serious difficulty of production and operation, or involved in major economic dispute;

 

6.9.4 change of name, address, legal representative,
telephone etc;

 

6.9.5 other events that may have adverse
effect on the realization of the Creditor’s credit right.

 

6.10 Where the Creditor and the Debtor
agree to revise the Master Contract, except for extension and addition of loan amount, if Party B assumes the security liability,
it will requires no Party A’s consent, and Party A will remain responsible for the joint and several guaranty liability within
the original scope of guaranty.

 

6.11 During the validity period of this
contract, if the Creditor transfers its credit right to a third party, and Party B assumes the security liability, Party A will
remain responsible for the joint and several guaranty liability within the original scope of guaranty.

 

6.12 During the validity period of this
contract, Party A may not provide any security to third parties without Party B’s written consent.

 

6.13 During the validity period of this
contract, when any events under Article 6.8.1 or other events occur to Party A, it shall take measures to ensure the realization
of the guaranty liability under this contract.

 

Article VII Defaulting Liabilities

 

7.1 When the contract comes into force,
either party of Party A and Party B shall perform the obligations under this contract. If either party fails to perform or fails
to fully perform the obligations under the contract, it shall assume the corresponding defaulting liabilities, and compensate the
losses thus caused to the other party.

 

7.2 If Party A makes false representations
in Article VI of this contract, or if it fails to perform the warranties under Article VI, it will be deemed as material breach,
shall pay the liquidated damages of RMB one million to Party B, and compensate all losses thus caused to Party B.

 

7.3 Where this contract becomes invalid
due to reasons not attributable to Party B, Party A shall compensate all losses of Party B within the scope of guaranty (counter
security) under this contract.

 

Article VIII Effectiveness, Modification
and Termination of the Contract

 

8.1 This contract becomes effective when
Party A and Party B both sign and affix with the official seal.

 

    	 

    	 

    

 

8.2 After the contract becomes effective,
except for the provisions of this contract, either party may modify or terminate this contract without authorization. If in requirement
of modification or termination, it shall first give written notice to the other party, and then reach a written agreement upon
both parties’ negotiation.

 

8.3 This contract is independent of the
Master Contract, and will not become void when the Master Contract is void. If the Master Contract is void, Party A will assume
joint and several liabilities for the obligations arising from repaying the principal and interest and compensating the losses
by the Debtor of the Master Contract.

 

Article IX Dispute Resolution

 

9.1 If any dispute arises from the performance
of this contract, Party A and Party B may negotiate to resolve; if negotiation fails, they may use any of the following manners:

 

9.1.1 bring a lawsuit to the people’s
court at the place of Party B;

 

9.1.2 submit to Harbin Arbitration Committee
(arbitration place: Harbin) for arbitration according to the current effective arbitration rules of the Committee at time of application
for arbitration.

 

9.2 During the period of litigation or
arbitration, the provisions not involved in dispute will remain to be performed.

 

Article X Miscellaneous

 

10.1 When Party A fails or fails to properly
perform the agreed liabilities, it is willing to accept enforcement.

 

Article XI Supplementary Provisions

 

11.1 Except as otherwise stipulated by
this contract, all the notices between Party A and Party B will be sent to each other in writing. When any telex or telegraph is
sent out, or when the postal letter is delivered to postal office, it will be deemed to be sent to Party A.

 

11.2 This contract is made in triplicate.
Each of Party A and Party B holds one copy, and the notary holds one copy, which have the same legal force.

 

Article XII Special Notes

 

Party B has suggested Party A to fully
and accurately understand the means and legal consequences of each article hereof, and has made explanation of each article at
the request of the guarantor. Both parties have the same understanding of the articles of this contract.

 

    	 

    	 

    

 

Party A (seal):

Legal representative (responsible person)
/authorized agent:

September 13, 2012

 

 

 

 

Party B (seal):

Legal representative (responsible person)
/authorized agent:

September 13, 2012

 

 

 

 

    	 

    	 

    

 

Pledge Contract (Counter Security) [Ze
Yu Bao Zhi Zi (2012) No. 1]

Pledged Asset List

Unit 10 thousand

	No.	Name
    of Pledged Asset	Specifications	Unit	Quantity	Conditions
    of Pledged Asset	No.
    of Title Certificate	Original
    Value of Pledged Asset	Recognized
    Value of Pledged Asset	Notes
	1	5%
    equities in Daqing Borun Biotechnology Co., Ltd	 	 	 	 	 	1000	1000	 
	2	 	 	 	 	 	 	1000	1000	 
	Total
    Amount	 	 	 	 	 	 	 	 

 

Pledgor (seal):

Legal representative (authorized agent):

September 13, 2012

 

 

Pledgee (seal):

Legal representative (authorized agent):

September 13, 2012Exhibit 4.8

 

No.: Zhong Lv Bao Di Zi 2012
[024-2]

 

 

Counter-Guarantee (Mortgage) Agreement

 

 

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

 

 

Mortgagee (Party B): Zhong Lv Credit
Guarantee Co., Ltd.

 

 

 

    	 

    	 

    

 

Counter-Guarantee (Mortgage/Pledge) Agreement

 

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

Mortgagee (Party B): Zhong Lv Credit
Guarantee Co., Ltd.

 

To secure the realization of the short-term
loan for the cereals & oils of the leading enterprises in the agribusiness, equal to RMB 50 million, which is applied
by Daqing Borun Biotechnology Co., Ltd. ("the Debtor") with Daqing
Branch of Agricultural Development Bank of China  ("the Creditor")
during the period from [], and in the mean time to secure
Party B's exercise of right of recourse, as well as according to the "Entrustment Agreement on Guarantee" (No.: 
Zhong Lv Wei Bao Zi 2012[024])
signed between the Debtor and Zhong Lv Credit Guarantee Co., Ltd., Party A is willing to provide a counter-guarantee
(mortgage) to Party B, therefore, the Parties enter into this Counter-guarantee Agreement ("this
Agreement") via equal negotiations.

 

1.             
Coverage of the (Mortgage) Counter-guarantee Provided by Party A

 

(1)         
The counter-guarantee shall secure all the debts that Party B shall pay off on behalf of the Debtor (including the principal,
interest, penalty interest, compound interest, damages, liquidated damages payable by the Debtor, the property mortgage expense,
the expenses for realizing the Creditor's rights, etc.) as well as the occupancy fee for the compensatory fund which is payable
by the Debtor to Party B. The occupancy fee for the compensatory fund shall be calculated at 1‰/day of all the debts which
are paid off by Party B on the Debtor's behalf from the repayment date on the Debtor's behalf.

 

(2)         
The counter-guarantee shall secure all the liquidated damages, damages, attorney fees, guarantee fees and other fees payable
by the Debtor to Party B under the "Entrustment Agreement on Guarantee".

 

(3)         
The counter-guarantee shall secure all the fees for realizing Party B's mortgage right, including but not limited to the
litigation fee, arbitration fee, property preservation fee, attorney fee, appraisal fee, auction fee, enforcement fee, agent fee,
notarization fee, consultation fee, travel expenses, etc.

 

2.              
Party A mortgages the properties which it has the right to dispose of.  The mortgaged properties are listed in the
"List of Mortgaged Properties" attached herein, which is an integral part of this Agreement.

 

 

 

    	 

    	 

    

 

3.              
Party A covenants that:

 

(1)         
It has the legal ownership or disposal right to its mortgaged properties;

 

(2)         
During the mortgage period, Party A shall well keep the mortgaged properties, shall be responsible for the repair and maintenance
work, and shall ensure the mortgaged properties safe and sound.  If Party B requires learning about relevant information of
the mortgaged properties, in which, Party A shall give full assistances.

 

(3)         
From the effectiveness date of this Agreement, Party A shall deliver the title certificate of the following mortgaged properties
to Party B for its keeping (unless otherwise provided by the law):

 

(a)         
13 pieces of building of the company, with total areas of 26,006.3 square meters (see the "List of Mortgaged
Properties").

(b)        
                                         

(c)         
                                         

 

(4)         
If Party B requires purchasing insurance for certain mortgaged properties, Party A shall handle and complete the insurance
formalities before the effectiveness of this Agreement and shall ensure to renew the insurance policy upon the expiration.

 

(5)         
Party A shall be responsible for handling the appraisal, notarization, insurance, authentication, registration, transportation,
keeping and other relevant issues under this Agreement and bear all related fees.

 

4.              
During the mortgage period, if Party A has any activity causing the value of the mortgaged properties decreases, Party A
shall mortgage additional properties or additionally provide other effective guarantee to Party B which is/are equal to the decreased
value within 15 days after the value of the mortgaged properties decreases.

 

5.              
During the mortgage period, if mortgaged properties have any damage which is covered by the insurance, or if any third party
has any activity causing the value of the mortgaged properties decreases, any insurance compensation or damages shall be used to
prepay the loan principal or shall be deposited to Party B's designated account.

 

6.              
During the mortgage period, if Party A intends to lease the mortgaged properties, it shall obtain Party B's written approval.

 

7.               During
the mortgage period, upon Party B's written approval, Party A may transfer the mortgaged properties and the proceed therefrom
shall be disposed of according to Option 1 as provided below:

 

(1)         
Deposit it to Party B's designated account and Party A shall not make use of it during the mortgage period;

 

(2)         
Party A agrees to use it to prepay the loan upon.

 

 

 

    	 

    	 

    

 

8.              
If Party A has any of the following events, it shall promptly notify Party B:

 

(1)         
Its operation mode changes, such as implementing contracting, leasing, affiliation, merger (acquisition), split-up, shareholding
reform, joint venture (cooperation) with foreign investment, etc.

 

(2)         
Involve in litigations in connection with material economic disputes;

 

(3)         
There is any dispute to the mortgaged right;

 

(4)         
Bankruptcy, out of business, dissolution, being called for business suspension for rectification, with its business license
or other licenses or qualification revoked or canceled;

 

(5)         
There is any change to the legal representative, legal address and telephone number of the enterprise.

 

If any event provided in (1) above
occurs, Party A shall notify Party B 30 days in advance; and for other events listed above, Party A shall notify Party B within
3 days after its occurrence.

 

9.              
If Party A breaches Article 4, 5, 7 or 8 and causes damages to Party B, of which, Party A shall be liable for the compensation.

 

10.        
    If the loan is early recalled according to relevant provisions of the Loan Agreement signed between the Debtor and
the Creditor (Bank), the creditor's rights under the Loan Agreement are not fully realized and Party B has to repay the
debts on the Debtor's behalf, then Party B is entitled to early dispose of the mortgaged properties to recover its losses.

 

11.        
    Upon the expiration of the performance term under the Loan Agreement, if the Debtor fails to pay off all the debts
and Party B has to repay the debts on the Debtor's behalf, then Party B is entitled to realize its mortgage right and to get compensation
by converting the mortgaged properties into money or seek preferential payments from the proceeds from the auction or sales of
the mortgaged properties concerned.

 

12.      
Effectiveness

 

(1)         
This Agreement shall come into effect upon being signed and stamped by the Parties and shall end until all the secured debts
are paid off.

 

(2)          This
Agreement shall be independent from the Primary Agreement and shall not be invalidated by the invalidity of the
Primary Agreement.  If the Primary Agreement becomes invalid, then the Mortgagor shall undertake joint and several
liabilities to pay off the debts arising from the Debtor's repayment/payment of the loan principal, interest and other
compensations under the Primary Agreement.

 

 

 

    	 

    	 

    

 

13.         
Dispute Settlement

 

Any disputes arising from the performance
of this Agreement may be solved via mutual negotiation.  If no agreement on the dispute settlement is reached, then such dispute
shall be handled according to Option (1) and (3) as provided below:

  

		(1)	File a lawsuit with the people's court where Party B
is located

  

		(2)	Submit the dispute to Beijing Arbitration Committee
for arbitration (in Beijing) in accordance with its applicable arbitral rules at the time of the submission.  The
arbitral award is final and shall be binding on the Parties.

 

		(3)	If Party B files a law suit, the attorney fee which shall
be calculated at 10% of the amount secured by Party B for the Debtor, shall be borne by Party A.

 

		(4)	During the litigation or arbitration period, other provisions
under this Agreement which are not related to the dispute shall be performed as well.

 

		14.	Special Agreement: If Party A fails to perform
its guarantee liability or fails to fully perform its guarantee liability, then Party A is willing to accept the enforcement according
to the law.

 

		15.	This Agreement has 3 original copies for Party A and
Party B and Registration Authority to hold one, which shall have the same legal effect.

 

Party A (Company Stamp): Daqing Borun
Biotechnology Co., Ltd.

Legal Representative:

Authorized Representative: Cui Xingjian

 

Party B (Company Stamp): Zhong Lv Credit
Guarantee Co., Ltd.

Legal Representative:

Authorized Representative: Wang Yong

 

Date: September 14, 2012

Place for Execution:

 

Enclosed: "List of Mortgaged Properties"
and other Annexes

 

    	 

    	 

    

 

Under the Counter-Guarantee (Mortgage/Pledge)
Agreement ( Zhong Lv Bao Di Zi 2012 [024-2]):

 

List of Mortgaged Properties

 

Unit: RMB 10,000

 

	No.	 	Name of the

    Mortgaged

    Properties	 	Owner	 	Unit

    (m2)	 	Area	 	Number of the Title Certificate	 	Legal Address	 	Value of

    the

    Mortgaged

    Properties	 	Mortgaged

    Amount for

    Other

    Creditor's

    Rights	 	Remark
	1	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	474.58	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 352399	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	2	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	2106.08	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 352402	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	3	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	1771.35	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 352411	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	4	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	254.04	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 376588	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	5	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	391.03	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 376606	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	6	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	958.01	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 376591	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	7	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	1077.07	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 376587	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	8	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	1415.14	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 376595	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	9	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	1419.95	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 533425	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	10	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	2351.16	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 533436	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	11	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	1771.44	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 533458	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	12	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	1583.56	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 533492	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	13	 	House
    Property	 	Daqing
    Borun Biotechnology Co., Ltd.	 	(m2)	 	10432.89	 	Qing
    Fang Quan Zheng Da Tong Qu Zi Di NA 539714	 	Jubao
    Village, Zhusan Town, Datong District	 	 	 	 	 	 
	Total
    Amount:	 	 	 	 	 	26006.3	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

Mortgagor (Company Stamp): Daqing Borun
Biotechnology Co., Ltd.

Legal Representative:

Authorized Representative: Cui Xingjian

 

Mortgagee (Company Stamp): Zhong Lv
Credit Guarantee Co., Ltd.

Legal Representative:

Authorized Representative: Wang Yong

Date: September 14, 2012

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