Maximum Debt Guarantee Contract dated September 28, 2010
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Business Finance
- Guarantee Agreements
EX-10.1 2 exhibit10-1.htm EXHIBIT 10.1 China Shengda Packaging Group Inc.: Exhibit 10.1 - Filed by newsfilecorp.com
Exhibit 10.1
Maximum Debt Guarantee Contract
(English Summary)
| Date of Signing | Sept 28, 2010 |
| Contract No | 萧山2010 人保181 号 |
| Parties to Contract | SD Group as Guarantor and Xiaoshan BOC as Lender |
| Guarantee | GSD |
| Guaranteed Maximum Amount | RMB 150,000,000 million |
| Guaranteed Indebtedness | Any indebtedness incurred by GSD to Lender during the term of Sept 28, 2010 and Sept 28, 2011 |
| Guaranteed Scope | The principal, interests, liquidated damage, damage, costs arising from the realisation of the debt of the relevant indebtedness and any cost incurred. |
| Term | Two years after the expiry of the term of the relevant indebtedness |
| Undertakings | We list below some material undertakings: Guarantor shall inform Lender when any event that may affect its financial status or capacity to perform under the contract occurs. Guarantor shall inform Lender when any related party transaction that exceeds 10% of net assets exists. |
