Maximum Credit Guaranty Agreement among Agricultural Bank of China, Duoyuan Digital Printing Technology Industry (China) Co., Ltd., and Hunan Duoyuan Printing Machinery Co. Ltd.
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Summary
This agreement is between Agricultural Bank of China (Chongwen Subbranch, Beijing), Duoyuan Digital Printing Technology Industry (China) Co., Ltd. (the debtor), and Hunan Duoyuan Printing Machinery Co. Ltd. (the guarantor). The guarantor promises to pay up to RMB54,150,000 for any debts, including principal, interest, and expenses, that the debtor owes to the bank. The agreement covers loans made between July 30, 2004, and July 30, 2006, and applies to multiple loans without needing new guarantees for each one.
EX-10.10 12 v095176_ex10-10.htm
EXHIBIT 10.10
MAXIMUM CREDIT GUARANTY
Obligee: Agricultural Bank of China (Chongwen Subbranch, Beijing)
Debtor: Duoyuan Digital Printing Technology Industry (China) Co., Ltd.
Obligor: Hunan Duoyuan Printing Machinery Co. Ltd.
The Agreement No. is (2004) 120.
Obligor agrees to guarantee the full payment of principal, interest, expenses and other amounts owed by the Debtor to Obligee for a borrowing amount of no more than RMB54,150,000. The term of this Guaranty is from July 30, 2004 to July 30, 2006. The Debtor may borrow one or more loans from Obligee during the term of this Guaranty without providing any additional guaranty to each loan.
