Maximum Debt Guarantee Contract (English Summary)
Exhibit 10.2
Maximum Debt Guarantee Contract
(English Summary)
Date of Signing | Sep 16, 2010 |
Contract No | 33905201000007036 |
Parties to Contract |
SD Group as Guarantor and Xiaoshan Agriculture Bank of China as Lender |
Guarantee |
Great Shengda |
Guaranteed Maximum Amount |
RMB 75,000,000 million |
Guaranteed Indebtedness |
Any indebtedness incurred by Great Shengda to Lender during the term of Sep 16, 2010 and March 16, 2011 |
Guaranteed Scope |
The principal, interests, penalty interests, compound interest; liquidated damage, damage, litigation cost and attorney fee arising from the realization of the debt of the relevant indebtedness. |
Term |
Two years after the expiry of the term of the relevant indebtedness |
Undertakings |
We list below some material undertakings: Guarantor must give 15 day prior written notice to Lender and obtain Xxxxxx’s prior written consent when: - Guarantor alters its capital structure or business mode, or - Guarantor provides guarantee to any third party or create encumbrance over its assets or equity for itself or any third |
party in a manner that may affect its performance under this contract. | |
Dispute Resolution |
PRC court where Xxxxxx locates |