Performance guarantee agreement

Contract number: ______________

Principal: ___________________________________________

address:_____________________________________________

Trusted Bank: ____________________________________________

address:_____________________________________________

The client _________ applied for a RMB guarantee letter to the trustee bank _________ in accordance with the Interim Measures of the People's Construction Bank's Guarantee Business, and the entrusted bank agreed to issue the letter of guarantee. The two parties signed an agreement on the relevant matters.

1. The entrusted bank shall issue a letter of guarantee irrevocable, the beneficiary is _________, and the guarantee amount is _________ yuan.

2. The letter of guarantee shall take effect from the date of acceptance by the beneficiary, and the deadline shall be _______ years ______ months ______ days.

3. The client opens a margin deposit account at the entrusted bank, the account number _________, and deposits _________ yuan at a time. This deposit is only used to pay the beneficiary’s claim

4. If the principal cannot deposit the deposit before the written letter from the entrusted bank, the principal shall provide a third-party counter-guarantee by _______________ with the qualification of the enterprise legal person, the beneficiary is _________, and the guarantee amount is _________ yuan. If the principal fails to repay the principal and interest of the loan on time, the _________ shall return the funds of the trustee on behalf of the trustee.

Before the entrusted bank issues a letter of guarantee, the principal uses the transferable own assets ____________ yuan as collateral. When the principal fails to repay the principal and interest of the loan on time, the entrusted bank has the right to discount or sell the mortgaged property as agreed. And receive priority from the price of the mortgaged property.

The total amount of the third-party counter-guarantee amount and the mortgaged asset shall not be less than the amount of the guarantee issued by the entrusted bank.

5. During the validity period of the letter of guarantee, the beneficiary shall have the right to request the entrusted bank to pay the amount due from the deposit of the principal with the letter of guarantee and the file certifying its relationship with the principal's debt. After the trustee bank has reviewed it, notify the client and transfer the deposit account from the principal. If the deposit deposit account is insufficient, it can be paid from other depositors of the principal.

6. If the deposit of the principal is insufficient, the trustee shall advance the payment. The client shall return the advance payment within 30 days after receiving the notice from the entrusted bank. The entrusted bank's payment for the advance payment is based on other loans of the Construction Bank. If you do not return for more than 30 days, you will be charged 20% interest.

7. The client pays the premium according to the guarantee amount of _________‰×_______, totaling _________ yuan. The guarantee fee is paid on ______ month ______ per year. If the payment is not due, the entrusted bank has the right to transfer from the deposit of the principal.

8. This Agreement shall enter into force on the date of _______ ______ month ______, and shall become effective upon completion of the obligations of both parties.

IX. This Agreement is made in two copies, and the principal and the entrusted bank shall each hold one copy.

X. Matters not covered in this Agreement shall be handled in accordance with the Interim Measures for Guaranteed Business of the People's Construction Bank of China.

Client: _____________ Trusted Bank: ______________

Legal representative: _________ Legal representative: ______

_________Year _______Month _______Day _________Year _______Month_______Day