AMENDMENT
OF
GUARANTEE CONTRACT
BETWEEN
SHIJI RUICHEN GUARANTY AND INVESTMENT CO. LTD.
AND
CHINA DIGITAL COMMUNICATION GROUP
Contract serial number:
LUBAO ZI NO. 0902, 2004
GUARANTOR:
Shenzhen Shiji Ruichen Guaranty and Investment Co. Ltd.
ADDRESS:
0000-00 Xxxxx 0xx Xxxx. Center Commercial Tower. Futian Area.
Shenzhen. China
Corporate Legal Representative : Xxxxxxx Xx
BANK:
BANK ACCOUNT:
TELEPHONE:
755-82032400
FACSMILE:
000-0000-0000
POSTAL CODE:
518048
GUARANTEE:
China Digital Communication Group
ADDRESS:
00000 Xxxxxxxx Xxxx. Xxxxx: 0000
Xxx Xxxxxxx. CA.
TELEPHONE: (000) 000-0000
FACSIMILE: (000) 000-0000
POSTAL CODE: 90024
AMENDMENT
1.1 Guarantor and Guarantee agree to increase the compensation paid by Guarantor
to Guarantee in case of Seller's default (section 4.1 in the original contract)
from $605,327 (RMB 5,000,000 yuan) to $1,210,000 (RMB 10,000,000 yuan). All else
remains the same.
1.2 Guarantor and Guarantee agree to increase the amount of daily compensation
paid by Guarantor to Guarantee in case of contract delay due to Seller's default
(section 4.2 in the original contract) from $6,053(RMB 50,000 yuan) to $12,100
(RMB 100,000 yuan). They also agree to increase the amount of maximum
compensation in case of contract delay due to Seller's default (same section in
the contract) from $242,000 (RMB 2,000,000 yuan) to $484,000 (RMB 4,000,000
yuan). All else remains the same.
