Maximum Credit Guaranty Agreement between 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 the Agricultural Bank of China (Chongwen Sub-branch, 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 RMB44,150,000, covering principal, interest, and related expenses if the debtor fails to repay loans from the bank. The agreement is valid from July 29, 2004, to July 28, 2006, and covers multiple loans within this period without requiring new guarantees for each loan.
EX-10.11 13 v095176_ex10-11.htm
EXHIBIT 10.11
MAXIMUM CREDIT GUARANTY
Obligee: Agricultural Bank of China (Chongwen Sub-branch, Beijing)
Debtor: Duoyuan Digital Printing Technology Industry (China) Co., Ltd.
Obligor: Hunan Duoyuan Printing Machinery Co. Ltd.
The Agreement No. is (2004) 124.
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 RMB44,150,000. The term of this Guaranty is from July 29, 2004 to July 28, 2006. Debtor may borrow one or more loans from Obligee during the term of this Guaranty without providing any additional Guaranty to each other.
