Maximum Debt Guarantee Contract between SD Group and Xiaoshan Bank of China for Great Shengda

Contract Categories: Business Finance › Guaranty Agreements
Summary

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.

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EX-10.27 31 exhibit10-27.htm EXHIBIT 10.27 China Packaging Technologies, Inc. - Exhibit 10.27 - Filed by newsfilecorp.com

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.