保證書英文翻譯

1、擔(dān)保書 本擔(dān)保書于2012年 9月簽訂。有限公司：有限公司（以下簡(jiǎn)稱 “擔(dān)保人”）。受益人： 有限公司是根據(jù)中華人民共和國(guó)香港特別行政區(qū)（以下簡(jiǎn)稱“香港”）法律注冊(cè)成 立的公司，其注冊(cè)地址位于中環(huán)廣成室港灣道，香港灣仔作為債權(quán)人（以下簡(jiǎn)稱“債 權(quán)人”）。鑒于：（A）本貸款協(xié)議（以下簡(jiǎn)稱“貸款協(xié)議”）于2012年9月發(fā)行并簽訂。一方為有 限公司一一借款人（以下簡(jiǎn)稱“借款人”）。一方為有限公司一一債權(quán)人。 債權(quán)人已同意使借款人定期貸款額度總額本金達(dá) 500萬(wàn)美元（以下簡(jiǎn)稱“貸款額 度”）制定的條款生效。如果借款人未能償付任何一部分貸款，擔(dān)保人需按借款 人持股比例（40% ）乘以該未付款額計(jì)算出的數(shù)

2、額付予債權(quán)人。（B）擔(dān)保人簽訂本擔(dān)保書的前提條件是債權(quán)人使借款人貸款額度生效。現(xiàn)本擔(dān)保書在此擔(dān)保如下：第1節(jié).解釋 本擔(dān)保書中，除非上下文中另有規(guī)定：（a）貸款協(xié)議中規(guī)定條款和表述用于本保證書時(shí)等效；和/或（b）“抵押債務(wù)”即全部總額（無(wú)論是本金，利息，費(fèi)用或其他款項(xiàng)）隨時(shí)都可由借款人依據(jù)貸款協(xié)議和全部其他在此抵押品進(jìn)行支付。第2節(jié).擔(dān)保0.1根據(jù)貸款協(xié)議規(guī)定，考慮到債權(quán)人同意借款人貸款額度，保證人作為主債務(wù)人不僅為債權(quán)人做不可撤銷的，無(wú)條件的擔(dān)保，也連帶借款人一同擔(dān)保，無(wú)論在規(guī)定 期滿，提前，延后或其他時(shí)間，抵押債務(wù)應(yīng)按時(shí)支付并付清。2.2 凡按本擔(dān)保書規(guī)定的應(yīng)付款項(xiàng)，擔(dān)保人同意以債務(wù)原幣或

3、各自貨幣支付，隨時(shí)根據(jù) 需要對(duì)債權(quán)人的發(fā)票連同債權(quán)人的簡(jiǎn)明單據(jù)說(shuō)明支付相同金額。借款人根據(jù)貸款 協(xié)議不予支付相同金額，如果發(fā)票最終的，確定的欠款金額有明顯錯(cuò)誤。0.2本擔(dān)保書是連續(xù)性的擔(dān)保，自開立之日起生效，直至合同項(xiàng)下全部到期應(yīng)付款項(xiàng)償清后自動(dòng)失效，（或理解為）不應(yīng)由任何中途撤銷或償清抵押貸款賬戶及任何 債權(quán)人和借款人或其他人之間的賬目結(jié)算而免除債務(wù)。如果全部或部分到期應(yīng)付 款項(xiàng)償清以后，發(fā)生破產(chǎn)被清盤，或因資不抵債，破產(chǎn)或重整必須另外重建賬戶 和返還債務(wù)，或出于借款人或保證人或任何其他人其他類似目的或相關(guān)作用環(huán)境, 在此期間應(yīng)恢復(fù)保證人該支付義務(wù)，即使還沒有進(jìn)行該支付。第3節(jié).賠償絲毫不受

4、擔(dān)保書第二節(jié)影響，擔(dān)保人無(wú)條件的，不可撤回的同意第三節(jié)作為一個(gè)單獨(dú)的， 附加的，持續(xù)的義務(wù)。作為主債權(quán)人，隨時(shí)按債務(wù)人需要，對(duì)全部損失，債務(wù)，損害，成 本與費(fèi)用進(jìn)行賠償。依據(jù)貸款協(xié)議，賠償由借款人簽訂的按時(shí)償還抵押債務(wù)或者按時(shí)履行 和遵守所有其他義務(wù)引起的任何未付款。本賠償應(yīng)持續(xù)有效，盡管擔(dān)保書第二節(jié)規(guī)定對(duì)擔(dān) 保人出于任何原因引起的失效或不可實(shí)施規(guī)定。第4節(jié).權(quán)利保留0.1擔(dān)保人責(zé)任不應(yīng)由任何行為，遺漏，環(huán)境，事項(xiàng)或事件受到損害，影響或削弱，除非該規(guī)定可以推進(jìn)解除擔(dān)保人全部或部分義務(wù)，包括但不限于擔(dān)保人或債權(quán)人 是否知情。(a) 隨時(shí)同意免除授予借款人或其他人的權(quán)利；(b) 對(duì)借款人或其他任何

5、人的變化，妥協(xié)，更新或解除，拒絕或忽視，完善或強(qiáng)制執(zhí) 行任何權(quán)利，法律救濟(jì)或安全保障；(c) 借款人相關(guān)任何法律上的限制，不利條件，無(wú)行為能力或其他類似情況，或借款 人或其他人的清算；和/或(d) 任何抵押債務(wù)的異常情況，不可執(zhí)行，失效或目的落空，擔(dān)保人的義務(wù)持續(xù)有效， 依據(jù)本協(xié)議對(duì)無(wú)類似異常情況，不可執(zhí)行，失效或目的落空情況進(jìn)行解釋。此外，本協(xié)議規(guī)定擔(dān)保人的責(zé)任和義務(wù)應(yīng)持續(xù)有效，無(wú)論借款人有任何清盤，解 散，重組或重整。0.2擔(dān)保人無(wú)條件的，不可撤回的放棄所有權(quán)利，如果首先要求債務(wù)人起訴或強(qiáng)制實(shí)施任何其他權(quán)利或抵押金或在向擔(dān)保人要求索賠之前，向借款人索賠付款。第5節(jié).成本，費(fèi)用與開支 擔(dān)保人

6、應(yīng)隨時(shí)立即根據(jù)需要支付或償還債權(quán)人全部成本，費(fèi)用及開支(包括基于全部賠償 基礎(chǔ)的法律費(fèi)和其他費(fèi)用)關(guān)于本擔(dān)保書的準(zhǔn)備和執(zhí)行中，由債權(quán)人引起的賠償所受損失 和在行使任何其權(quán)利或權(quán)力或起訴或追討任何款項(xiàng)產(chǎn)生的費(fèi)用，或有關(guān)本擔(dān)保書另外保留 或強(qiáng)制實(shí)行權(quán)利或產(chǎn)生任何索賠或免除本保證書抵押債務(wù)付款。第6節(jié). 稅費(fèi)和其他扣除項(xiàng)目0.3依據(jù)本擔(dān)保書支付的所有款項(xiàng)，應(yīng)是全額支付，無(wú)扣除，反訴，無(wú)任何限制或條件，沒有義務(wù)或牽連的任何稅收或其他扣除額或任何性質(zhì)的預(yù)扣0.4 如果在任何時(shí)間，任何法律或法規(guī)要求擔(dān)保人從任何債權(quán)人賬戶中做出任何扣減 或預(yù)扣（由于稅收或其他原因），擔(dān)保人應(yīng)一并支付此類附加金額，以確保債權(quán)

7、 人收到（沒有義務(wù)或牽連的任何稅收或其他扣除額或預(yù)扣）全款，如無(wú)此類規(guī)定 扣減或預(yù)扣，債權(quán)人應(yīng)收到全款。擔(dān)保人應(yīng)立即向債權(quán)人的正式收據(jù)副本或其他 證明出示任何此類扣除額或預(yù)扣的全部金額，已支付相關(guān)稅收或其他權(quán)利機(jī)關(guān)。7.1 擔(dān)保人根據(jù)本擔(dān)保書支付的所有款項(xiàng)應(yīng)與債權(quán)人在相關(guān)到期日當(dāng)天16:0 0點(diǎn)之前（首爾/香港時(shí)間）簽訂，債權(quán)人出于該目的可能已經(jīng)指定銀行賬戶提供資金（或 通常用美元交易結(jié)算的其他性質(zhì)資金）并以書面形式通知擔(dān)保人，擔(dān)保人根據(jù)每 種實(shí)際情況以傳真形式通知債權(quán)人。7.2 依據(jù)本協(xié)議規(guī)定，如果有任何到期應(yīng)付的款項(xiàng)不按時(shí)支付，利息應(yīng)計(jì)未付金額（基于一年360天中實(shí)際經(jīng)營(yíng)天數(shù)）自到期日起，

8、包括實(shí)際付款日（也在之前判決之后） 每年利率最終由債權(quán)人決定，利率高達(dá)：（a）總額的（i）百分之二（2%）及（ii）就該筆 款項(xiàng)按時(shí)到期日之前支付的利率（如有）；及（b）總額的（i）百分之二（2%），（ii）保證 金和（iii）LIBOR（倫敦銀行同業(yè)拆息）計(jì)算由債權(quán)人認(rèn)為合適的該期間相關(guān)的連續(xù)利 息期，（以下簡(jiǎn)稱每一個(gè)“指定利息期”）或，如果任何8.1節(jié)所描述的貸款協(xié)議 應(yīng)用的任何環(huán)境中，由債權(quán)人時(shí)常進(jìn)行認(rèn)證的利率將變成未提供資金成本總額利 率。出于這些目的，LIBOR應(yīng)由債權(quán)人于第一天決定，或債權(quán)人認(rèn)為合適的相關(guān) 指定利息期第一天之前的兩個(gè)（2）銀行日。利息率或利率應(yīng)隨時(shí)根據(jù)上述決定按 天

9、計(jì)，應(yīng)基于一年360天實(shí)際經(jīng)營(yíng)天數(shù)進(jìn)行計(jì)算，應(yīng)在每個(gè)利息期結(jié)束時(shí)復(fù)利并應(yīng) 按需隨時(shí)支付。第8節(jié).聲明與保證擔(dān)保人在此聲明并對(duì)債權(quán)人保證如下:（a）擔(dān)保人是依照中華人民共和國(guó)法律正式成立并有效存在的公司。（b）擔(dān)保人已取得全部合適和必要法人資格并能夠以其本身名義進(jìn)行法律訴訟，授權(quán) 執(zhí)行及交付本擔(dān)保和所有其他文件并授權(quán)履行和遵守本擔(dān)保條款。（c）擔(dān)保人已獲得或?qū)嵤?duì)本擔(dān)保有效執(zhí)行，交付及履約的全部必要授權(quán)，根據(jù)具體 情況，貸款協(xié)議和該授權(quán)完全有效或自首次簽訂提款通知日始有效，在任何無(wú)違 約相同條件下，已獲得該授權(quán)并完全有效。（d）本擔(dān)保構(gòu)成合法，有效和具有約束力的義務(wù)，本擔(dān)保書在貸款協(xié)議生效時(shí)同時(shí)

10、生效。本擔(dān)保條款的執(zhí)行，交付和履行或擔(dān)保人全部到期款項(xiàng)的交付與所付貨幣， 在此將不會(huì)（i）違反或觸犯適用于擔(dān)保人的任何法律法規(guī)；（ii）違反保證人公司條款 或公司章程（或類似組成文件）；（iii）違反或觸犯違規(guī)或強(qiáng)加任何產(chǎn)權(quán)負(fù)擔(dān)，擔(dān)保人作為當(dāng)事人的任何協(xié)議或文書規(guī)定，其物業(yè)或資產(chǎn)受約束；（iv）將不構(gòu)成違約或 依據(jù)任何此類協(xié)議或文書規(guī)定，隨著通知發(fā)出或時(shí)間推移或兩者兼而有之將構(gòu)成 違約事件。(e) 擔(dān)保人在任何應(yīng)用于其資產(chǎn)或收入的協(xié)議或義務(wù)規(guī)定下不發(fā)生違約，違約后果可 能對(duì)其業(yè)務(wù)或財(cái)務(wù)狀況或本擔(dān)保規(guī)定其行使義務(wù)責(zé)任造成重大的不利影響，無(wú)違 約事件或預(yù)期違約事件發(fā)生。(f) 除法定的優(yōu)先債務(wù)以外

11、，擔(dān)保人在本保證書下所承擔(dān)的責(zé)任為直接的及無(wú)條件的, 而其付款責(zé)任均在任何時(shí)間與其他無(wú)抵押債務(wù)享有同等地位。(g) 擔(dān)保人近期暫時(shí)經(jīng)審核的財(cái)務(wù)報(bào)表(包括經(jīng)審計(jì)的損益賬戶和資產(chǎn)負(fù)債表)根據(jù) 所有適用法律法規(guī)和公眾會(huì)計(jì)原則和慣用政策編制妥當(dāng)，截止到最后擔(dān)保人財(cái)務(wù) 狀況真實(shí)與公允的反應(yīng)，其相關(guān)財(cái)務(wù)期間的經(jīng)營(yíng)結(jié)果，在此期間最后，擔(dān)保人沒 有任何重大債務(wù)(負(fù)債或其他)或在此財(cái)務(wù)報(bào)表中沒有披露任何重要債務(wù)或任何 重要的未實(shí)現(xiàn)的損失或預(yù)期的損失，自此財(cái)務(wù)報(bào)表生效起，擔(dān)保人業(yè)務(wù)或財(cái)政狀 況沒有重大不利變化。(h) 2012年9月?lián)Ｈ耸墙杩钊?0%的總發(fā)行股數(shù)合法的受益人。第9節(jié).契約保證人與債權(quán)人在此承諾如

12、下:(a) 在債權(quán)人合理要求之下，擔(dān)保人應(yīng)向債權(quán)人提供每財(cái)政年度前六個(gè)月未審核財(cái)務(wù)報(bào)表副本和每財(cái)政年度其經(jīng)審核的可見綜合財(cái)政報(bào)表，在任何情況下，擔(dān)保人應(yīng)盡快， 但無(wú)論如何不遲于本擔(dān)保簽約日后擔(dān)保人的每個(gè)財(cái)政年度結(jié)束后的(90)天將擔(dān)保人在該年度未審核的年度財(cái)務(wù)報(bào)表副本交給債權(quán)人，不得超過(guò)本擔(dān)保簽約日后擔(dān)保 人每個(gè)財(cái)政年度結(jié)束后的(120)天將擔(dān)保人在該年度經(jīng)審核的年度財(cái)務(wù)報(bào)表副本 交給債權(quán)人，有關(guān)擔(dān)保人財(cái)政狀況和經(jīng)營(yíng)的此類其他信息，債權(quán)人可隨時(shí)提出合理 要求進(jìn)行查看。每個(gè)財(cái)政報(bào)表應(yīng)根據(jù)在韓國(guó)一貫應(yīng)用的公眾會(huì)計(jì)原則編制妥當(dāng)，附 帶由擔(dān)保人主要財(cái)務(wù)處詳述的一份執(zhí)行單據(jù)(i)自擔(dān)保人此財(cái)務(wù)報(bào)表生效起

13、，擔(dān)保人 完全遵守全部條款，包括但不限于所有財(cái)政契約和任何此后執(zhí)行文件(ii)在此期間， 無(wú)違約或預(yù)期違約事件發(fā)生或持續(xù)。(b) 擔(dān)保人應(yīng)通過(guò)時(shí)常引用事實(shí)和環(huán)境現(xiàn)狀確保擔(dān)保書中的聲明與保證始終真實(shí)、準(zhǔn) 確。(c) 擔(dān)保人同意獲得或?qū)嵤┤魏握跈?quán)，擔(dān)保人可能被要求或建議履行本擔(dān)保中相 關(guān)的條款或者根據(jù)具體情況，貸款協(xié)議包括但不限于任何適用法律法規(guī)規(guī)定的任 何文件或定期報(bào)告。第10節(jié).債權(quán)轉(zhuǎn)讓10.1 擔(dān)保人不應(yīng)轉(zhuǎn)讓以下任何權(quán)利和義務(wù)。10.2 依據(jù)貸款協(xié)議規(guī)定，債權(quán)人可隨時(shí)轉(zhuǎn)讓或授予從屬參股公司全部或任何部分權(quán)利， 利益和義務(wù)。本擔(dān)保書和保證人在此不可撤銷的同意受該轉(zhuǎn)讓約束第11節(jié).適用法律和

14、司法管轄權(quán)11.5 本擔(dān)保受韓國(guó)法律管轄并按韓國(guó)法律進(jìn)行解釋。11.6 擔(dān)保人在此不可撤銷地同意與本擔(dān)保有關(guān)的任何法律行動(dòng)或訴訟可在韓國(guó)首爾中央地方法 院進(jìn)行，并不可撤銷地服從韓國(guó)首爾中央地方法院的管轄權(quán)茲證明，擔(dān)保人已通過(guò)授權(quán)代表自開頭年月日簽署并交付執(zhí)行本擔(dān)保書 擔(dān)保人有限公司簽署姓名：職務(wù)：GUARANTEETHIS GUARANTEE is made on the September, 2012BY: Co.,Ltd ("Guarantor").IN FAVOUR OF: CO., LTD., a compa ny in corporated and exist i

15、ng un der the laws of Ho ng Ko ng Special Administrative Region of the People's Republic of China ( Hong Kong”，having its registered office at Rm Cen tral Plaza Harbour Road, Wan chai Ho ng Ko ng as len der ("Lender").WHEREAS:(A) By a loa n agreeme nt(the "Loan Agreement") da

16、ted September2012 and made between (1) - ., as borrower ("Borrower") and (2) Lender, Lenderhas agreed to make available to Borrower a term loan facility in an aggregateprincipal amount of up to USD 5,000,000 (the Facility”) upon the terms set out therein. If the Borrower fails to pay any p

17、orti on of the payme nt, Guara ntor shall pay to Len der the amount calculated by the shareholdi ng ratio (40%) over the Borrower multiplied to such un paid amount(B) It is a condition precedentto Lender making the Facility available to Borrower that Guara ntor en ters into this Guara ntee.NOW THIS

18、GUARANTEE WITNESSES as follows:Secti on 1. InterpretationIn this Guara ntee, uni ess the con text requires otherwise:(a) Terms and expressi ons defi ned in the Loa n Agreeme nt have the same meanings whe n used in this Guara ntee; and(b) "Secured In debted ness"mea ns all and any sums (whe

19、ther prin cipal, i nterest, fees or otherwise) which are or at any time may become payable by Borrower un der the Loa n Agreeme nt and all other monies hereby secured.Section 2. Guarantee2.1 In con siderati on of Len der gran ti ng the Facility to Borrower, Guara ntor irrevocably and uncon diti on a

20、lly guara ntees,as primary obligor and not merely as surety to Len der, jointly and severally with Borrower, the due and punctual payment of the Secured In debted nesswhe n and as the same shall becomedue and payable, whether at stated maturity, upon accelerati on, exte nsion or otherwise, accord in

21、g to the terms of the Loa n Agreeme nt.2.2 Guara ntor agrees to pay to Len der any amount of the Secured In debted nessi n the curre ncy or respective curre ncies in which the same is payable un der the terms of the Loa n Agreeme nt at any time on dema nd aga inst Len der's invoice accompa ni ed

22、by Len der's simple certificate stati ng that Borrower has failed to pay the same pursua nt to the Loa n Agreeme nt, which inv oice shall be final and con clusive as to the amount owed abse nt man ifest error.2.3 This Guara ntee shall be a con ti nuing guara ntee and shall rema in in full force

23、and effect un til the Secured In debted ness has bee n paid in full and shall not be (or be con strued as to be) dischargedby any in termediate discharge or payme nt of or on acco unt of the Secured In debted ness or any settleme nt of acco unts betwee n Len der and Borrower or anyone else. In the e

24、ve nt that any payme nt of or on acco unt of any of the SecuredIn debted ness is subseque ntly resci nded or must otherwise be restored or retur ned upon the in solve ncy, ban kruptcy or reorga ni zati on of, or other circumsta ncea nalogous in purpose or effect relat ing to, Borrower or Guara ntor

25、or for any other pers on, Guara ntor obligati ons here un der with respect to such payme nt shall be rein stated at such time as though such payme nt had not bee n made.Section 3. IndemnityWithout prejudice to the guara nteeccontained in Sectio n 2, Guara ntor uncon diti on ally and irrevocably un d

26、ertakes,as a separate,additi onal and con ti nuing obligati on and as a primary obligor, to indemnify Len der from time to time on dema nd aga inst all losses, liabilities, damages, costs and expe nses whatsoever aris ing out of any failure by Borrower to make due and pun ctual payme nt of the Secur

27、ed In debted ness or in the due and pun ctual performa nee and observa nee of all other obligati ons un der the Loa n Agreeme nt. This in dem nity shall remai n in effect no twithsta nding that the guara ntee un der Secti on 2 ceasesto be valid or en forceableaga inst Guara ntor for any reas on what

28、soever.Secti on 4. Preservation of Rights4.1 The liability of the Guarantor hereunder shall not be prejudiced, affected or diminished by any act, omission, circumstanee, matter or thing which but for this provision might operate to release the Guarantor from its obligations hereunder in whole or in

29、part, including without limitation, and whether or not known to the Guara ntor or the Len der:(e) any time or waiver gran ted to the Borrower or any other pers on;variati on, compromise, re newal or release of or refusal or n eglect to perfect or enforceany rights, remedies or securities aga inst th

30、e Borrower or any other pers on;(g) any legal limitatio n, disability, in capacity or other similar circumsta nces relati ng to the Borrower or the liquidation of the Borrower or any other person; or(h) any irregularity, unen forceability, inv alidity or frustrati on of the Secured In debted ness to

31、 the intent that the Guara ntor'obligatio ns here un der shall remai n in full force and this Agreement be construed accordingly as if there were no such irregularity, unen forceability, inv alidity or frustratio n.Further, the liabilities and obligations of the Guarantor under this Agreement sh

32、all remain in force notwithstanding any winding up, dissolution, reconstruction or reorga ni zati on of the Borrower.4.2 The Guara ntor hereby uncon diti on ally and irrevocably waives any right it might have of first requiri ng the Len der to proceed aga inst or en force any other rights or securit

33、y of or claim payment from the Borrower before claiming from the Guarantor here un der.Secti on 5. Costs, Charges and ExpensesGuara ntor shall from time to time forthwith on dema nd pay to or reimburse Len der for all costs, chargesand expenses(including legal and other fees on a full indemnity basi

34、s) incurred by Lender in connection with the preparation and execution of this Guarantee and in exercising any of its rights or powers here un der or in suing for or seek ing to recover any sums due here un der or otherwise preserving or enforcing its rights hereunder or in defending any claims brou

35、ght against it in respect of this Guaranteeor in releasing this Guaranteeupon payment of the Secured In debted ness.Secti on 6. Taxes and other Deductions6.1 All sums payable by Guarantor under this Guarantee shall be paid in full without set-off or counterclaim or any restriction or condition and f

36、ree and clear of any tax or other deduct ions or withhold ings of any n ature.6.2 If at any time Guara ntor is required by any law or regulati on to make any deduct ion or withholding (on account of tax or otherwise) from any payment for the account of Lender, Guarantor shall, together with such pay

37、ment, pay such additional amount as will en sure that Len der receives (free and clear of any tax or other deduct ions or withhold in gs) the full amount which it would have received if no such deduct ion or withholding had been required. Guarantor shall promptly forward to Lender copies of official

38、 receipts or other evide nee show ing that the full amount of any such deduct ion or withhold ing has bee n paid over to the releva nt taxati on or other authority.Section 7. Payments7.1 All payme nts by Guara ntor un der this Guara ntee shall be made to Len der no t later tha n4:00 p.m. (Seoul/H on

39、g Kon g time) on the releva nt due date in same day funds (or in such other funds as may then be customary for the settlement in US dollar of tran sacti ons of this n ature) to such bank acco unt as Len der may have specified for such purpose in a written notice to Guarantor, in each case under facs

40、imile advice to Len der.7.2 If any sum due and payable here un der is not paid on the due date in accorda nee with the provisi ons of this Guara ntee, in terest shall accrue on the un paid amount (on the basis of the actual nu mber of days elapsed in a year of 360 days) from and in clud ing the due

41、date to and in clud ing the date of actual payme nt (as well after as before judgme nt) at the rate per annum con clusively determ ined by Len der to be the higher of: (a) the aggregate of(i) two perce nt (2%) and (ii) the rate of in terest (if any) payable in respect of such sum immediately before

42、the due date; and (b) the aggregate of (i) two perce nt (2%), (ii) the Margin and (iii) LIBOR calculated with refere nee to such successive in terest periods of such durati on as Len der con siders appropriate (eachDesignated Interest Period)' or, if any of the circumsta nces described in Secti

43、on 8.1 of the Loa n Agreeme nt applies, the rate from time to time certified by Lender to be the rate representing the cost to it of funding the un paid sum. For these purposes, LIBOR shall be determ ined by Len der on the first day, or two (2) Banking Days before the first day of, the releva nt Des

44、ig nated In terest Period as Len der con siders appropriate. In terest at the rate or rates determ ined from time to time as aforesaid shall accrue from day to day, shall be calculated on the basis of the actual nu mber of days elapsed and a 360 day year, shall be compo un ded at the end of each Des

45、ignated Interest Period and shall be payable from time to time on dema nd.Secti on 8. Representations and WarrantiesGuara ntor represe nts and warra nts to Len der as follows:(a) Guarantor is a corporation duly organized and validly existing under the laws of thePeoples Republic of China.(b) Guarant

46、or has taken all appropriate and necessary corporate and legal actions to authorize the execution and delivery of this Guarantee and all other documents here un der and to authorize the performa nee and observa nee of the terms and con diti ons hereof and thereof.(c) Guara ntor has obta ined or effe

47、cted all authorizati ons n ecessary for the valid executi on, delivery and performa nee of this Guara ntee or, as the case be, the Loa n Agreeme nt and such authorizations are in full force and effect or, by the date on which the initial Notice of Drawdow n is give n, such authorizati ons will have

48、bee n obta ined and be in full force and effect and there has been no default under the eonditions of any of the same.(d) This Guarantee eonstitutes the legal, valid and binding obligations of Guarantor en forceable in accorda nee with its terms. The executi on, delivery and performa nee of the term

49、s of this Guara ntee or the payme nt by Guara ntor of all amounts due on the dates and in the curre ncy provided for here in (i) will not violate or con trave ne any provisi on of law or regulatio n which is applicable to Guara ntor; (ii) will not con flict with the Articles of In corporati on or By

50、-laws (or comparable con stitue nt docume nts) of Guara ntor; (iii) will not con flict with or result in the breach of any provisi on of, or in the impositi on of any En cumbra nee un der, any agreeme nt or in strume nt to which Guara ntor is a party or by which it or any of its properties or assets

51、is bound; and (iv) will not constitute a default or an eve nt that, with the givi ng of no tice or the pass ing of time, or both, would con stitute a default un der any such agreeme nt or in strume nt.(e) Guara ntor is not in default un der any agreeme nt or obligati on applicable to it or its asset

52、s or revenues, the consequences of which default could materially and adversely affect its bus in ess or finan cial con diti on or its ability to perform its obligatio ns un der this Guara ntee and no Eve nt of Default or prospective Eve nt of Default has occurred.(f) This Guara ntee is the direct,

53、uncon diti onal and gen eral obligati on of Guara ntor. Guarantor'sobligations hereunderrank and will rank at least pari passu in priority of payment and in all other respects with all other unsecured and unsubordinated indebtedness of Guarantor except for those preferred by operation of law.(g)

54、 The most rece nt audited finan cial stateme nts of Guara ntor for the time being (in clud ing the audited profit and loss acco unt and bala nee sheet) were prepared in accorda nee with all applicable laws and regulati ons and gen erally acceptedacco unting prin ciples and policies con siste ntly ap

55、plied and show a true and fair view of the finan cial positi on of Guara ntor as at the end of, and the results of its operati ons for, the finan cial period to which they relate and, as at the end of such period Guara ntor did not have any sig ni fica nt liabilities (contingent or otherwise) or any

56、 un realized or an ticipated losses which are not disclosed by or reserved aga inst in, such finan cial stateme nts,and there has bee n no material adversecha nge in the bus in essor finan cial con diti on of Guara ntor since the date of such finan cial stateme nts.(h) Guarantor is the legal and ben

57、eficial owner of 40% of the issued and outstanding shares of Borrower on September 2012.Secti on 9. CovenantsGuara ntor un dertakes and agrees with Len der as follows:(a) Upon reas on able request by Len der, Guara ntor shall provide Len der with copies of its un audited finan cial stateme nts for t

58、he first six mon ths of each fiscal year and its audited and consolidated financial statements for each fiscal year as they are available but in any eve nt no t later tha n ninety (90) days after the close of each fiscal period covered by an un audited finan cial stateme ntand not more tha n one hun

59、 dred and twe nty (120) days after the close of each fiscal period covered by an audited and consolidatedfinancial stateme nt and such other in formati on respect ing the finan cial con diti on and operati ons of Guara ntor as Len der may from time to time reas on ably request. Each finan cial stateme ntprovided here un dershall have bee n preparedi n accorda n