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Guarantee Agreement

 

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Title:

Guarantee Agreement

Entities:

Gallaher Group plc

Date:

2007

Size:

15KB total

Price:

$39

ID:

#2707146

 

 

► Financing ► Guarantee Agreements
► Consumer ► Tobacco

 

 

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GUARANTEE AGREEMENT

BY AND AMONG

HU JIA DA
(AS GUARANTOR)

SHENZHEN RITAR POWER CO., LTD.
(AS GUARANTEE)

AND

DBS BANK (HONG KONG) LTD. SHENZHEN BRANCH
(AS OBLIGEE)


DATE: 7 MARCH 2006

 
 

 

GUARANTEE AGREEMENT

This Agreement is entered into on 7 March 2006 by and between:

1.  
Guarantor: Hu Jia Da
 
Address: D3-706, Fuyuan Garden, Futian District, Shenzhen
ID Card No.: 430403196410210018

2.  
Guarantee: Shenzhen Ritar Power Co., Ltd.
 
Legal Representative: Hu Jia Da
Address: Building 9, Second Industrial Zone, Fuqiao, Qiaotou Village, Fuyong Town, Baoan District, Shenzhen
Business License Registration No.: 4403012089074

3.  
Obligee: DBS Bank (Hong Kong) Ltd. Shenzhen Branch
 
Legal Representative (Person in Charge): Wu Wen Cheng
Address: 18 Floor, Huarun Building, No.5001, Shennan Dong Road, Luohu District, Shenzhen
Business License Registration No.: Qi Wai Yue Shen Ying Zi 490020

Whereas:
 
1.  
The Obligee has issued the Letter of Banking Facilities: Shenzhen Ritar Power Co., Ltd. to the Guarantee on 6 March 2006 and the Guarantee has totally agreed with and accepted the abovementioned Letter of Banking Facilities (including all amendment, supplement, hereinafter collectively referred to as Banking Facilities) on 7 March 2006. The total credit limit under the Banking Facilities is RMB 7 Million Yuan (or the equivalent in USD) and USD 300 Thousand, which includes: (1) Finance for account payable: RMB 2 Million Yuan; (2) Factoring (I): USD 300 Thousand; (3) Factoring (II):RMB 5 Million Yuan (or equivalent in USD).
 
 
2

 
 
2.  
As required by the Banking Facilities, the Guarantors undertakings to bear joint and several liabilities for the indebtedness of the Guarantee under the Banking Facilities is one the conditions precedent of the Banking Facilities.
 
The Parties have entered into the following agreement through friendly consultation:

Article 1 Indebtedness
 
This guarantee shall cover all indebtedness owed by the Guarantee to the Obligee under the Banking Facilities, including loan principal, interest, default interest, liquidation damages, losses indemnity, expenses, cost and litigation fees and attorney fees for enforcement of the right to the security etc.

Article 2 Term of Guarantee
 
The term of this guarantee is from the execution date of this guarantee till 2 years after expiry of the term of the loan under the Banking Facilities.

Article 3 Scope of Guarantee
 
The Guarantor hereby undertakes that it shall, once demanded by the Obligee, pay for all outstanding indebtedness payable by the Guarantee to the Obligee under the Banking Facilities, including but not limited to loan principal, interest, default interest, liquidation damages, losses indemnity, expenses, cost and litigation fees and attorney fees for enforcement of the right to the security etc.

 

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