Maximum Debt Guarantee Contract between SD Group and Xiaoshan Bank of China for Great Shengda
SD Group agrees to act as guarantor for Great Shengda's debts to Xiaoshan Bank of China, covering up to RMB 150,000,000 for any debts incurred between September 10, 2009, and August 10, 2010. The guarantee includes principal, interest, damages, and related costs, and remains effective for two years after the debt term ends. SD Group must notify the bank of any events that could affect its ability to fulfill the guarantee.
Exhibit 10.27
Maximum Debt Guarantee Contract
(English Summary)
Date of Signing | Sept 10, 2009 |
Contract No | ![]() |
Parties to Contract | SD Group as Guarantor and Xiaoshan Bank of China as Lender |
Guarantee | Great Shengda |
Guaranteed Maximum | RMB 150,000,000 million |
Amount | |
| |
Guaranteed Indebtedness | any indebtedness incurred by Great Shengda to Lender during the term of Sept 10, 2009 and Aug 10, 2010 |
Guaranteed Scope | The principal, interests, liquidated damage, damage, costs arising from the realization of the debt of the relevant indebtedness and any cost incurred. |
Term | Two years after the expiration of the term of the relevant indebtedness |
Undertakings | Guarantor shall inform Lender when any event that may affect its financial status or capacity to perform under the contract occurs. |