Financing Guarantee Letter by Dehai Li for Shenzhen SCM Shenzhen Ltd. to Hangzhou Bank Co. Ltd.

Contract Categories: Business Finance › Guaranty Agreements
Summary

Dehai Li agrees to act as guarantor for Shenzhen SCM Shenzhen Ltd. in its financing agreement with Hangzhou Bank Co. Ltd., Shenzhen Branch. The guarantee covers up to RMB 43,750,000, including interest, penalties, and related legal costs, and remains valid from the start of the principal contract's obligations until two years after its expiration. Dehai Li accepts full, irrevocable, and joint liability, regardless of any other guarantees that may exist for the same debt.

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EX-10.3 4 ex10_3.htm Unassociated Document
EXHIBIT 10.3
 
No: C-B-07


Hangzhou Bank Co. Ltd.

Financing Guarantee Letter



To: Shenzhen Branch, Hangzhou Bank Co. Ltd.

I am willing to provide the debtor Shenzhen SCM Shenzhen Ltd., which signs the Comprehensive Financing Line Contract (No. 2009SC000000841 ) with irrevocable jointly and severally guarantee liabilities.

Guarantee validity: since the starting day of the obligation performance of the principal contract till 2 years after the expiration date.

Security range: RMB43,750,000.00 (including bill discounts, acceptance, guarantee, advance for L/C), interest (including compound interest) and penalty rate, penalty, compensation and all the notary, evaluation, auction, litigation, legal expenses occurred in order to recall the creditor rights.

I recognize and accept the validity of the Comprehensive Financing Line Contract and this Financing Guarantee Letter, and commit to carry it out conscientiously. In case of other guarantee or warranty of the principal claim guaranteed besides that agreed in this Financing Guarantee Letter, it shall not influence any of your rights and its fulfillment under this Financing Guarantee Letter, and I shall not raise a plea against you on this basis.




ID number:__________________________

Address:___________________________

Telephone No.: ______________________

Postal Code: ________________________








  Guarantor (chop): Dehai Li
/s/ Dehai Li

April 2009