Anti-guarantee

Bank of Communications _____ Branch:

_____ and _____ signed the _____ contract on the _____ project on ___year___month___day. At the request of Party A, your bank and Party A signed the _____ guarantee contract on ___ ___ ___ day, and opened the _____________________ The letter of guarantee agrees to issue a counter-guarantee, and hereby irrevocably and unconditionally make the following guarantees to your bank:

1. We agree to all the terms of the above-mentioned guarantee contract and guarantee; we guarantee Party A to fulfill all the obligations of the “contract” and the guarantee contract on time; all the payables of Party A under the guarantee contract, including the payment by the bank to the beneficiary of the guarantee in accordance with the guarantee letter We guarantee that we will be liable for joint and several liability and/or joint and several liability for any or all of the money and the resulting advance interest and expenses.

2. If Party B fails to fulfill its payment obligations in accordance with the contract, the Bank has the right to claim directly from the guarantor without first recovering or/or processing the collateral from Party A. The guarantor guarantees that you will receive the first written notice of your payment. Within the next ten days, the amount owed by Party A shall be unconditionally required to be paid to the Bank in the currency specified in the guarantee contract, and the advance payment amount shall be calculated to the actual payment date of the guarantor. The above payment notice is used as payment evidence and is legally binding on this guarantor.

3. If the guarantor fails to perform the above-mentioned joint guarantee liability within the time limit specified in the preceding article, the deferred interest and other economic losses caused to you by the guarantor shall be borne by the guarantor; at the same time, you have the right to deduct from the guarantor's deposit account. In order to collect the above owed money and defer interest, the guarantor guarantees no objection or defense.

4. If Party A fails to perform the contract on time and your bank indirectly performs the guarantee responsibility by means of loans, we guarantee that the loan will be issued unconditionally in accordance with the format prescribed by the Bank.

5. If any one or more of the following conditions occur, whether or not the guarantor is notified in advance, the joint liability specified in Articles 1, 2 and 3 of this warranty is not affected at all, and this warranty continues to be valid.

All parties under this guarantee change their respective names, addresses, joint venture contracts, articles of association, legal representatives, business scope, nature of the enterprise, or merger, division, cancellation or bankruptcy of Party B;

The Bank suspends the exercise of any rights under the Guaranteed Covenant or grants any grace to the payment of “payables”;

The rights under the letter of guarantee are transferred;

The validity period of the letter of guarantee shall be extended at the request of both Party A and Party B;

Any modification and supplement to the guarantee contract.

6. If the amount of the guarantee is changed, the guarantee liability of this guarantee will remain unchanged, and the guarantee liability shall be borne at the maximum not exceeding the amount of the original guarantee.

7. Before the above “payables” are fully settled, the guarantor cannot exercise the right of claim for obtaining the obligations of this guarantee. If Party A provides collateral to the guarantor, the guarantor shall not exercise the rights under the collateral without the written consent of the Bank; if the collateral is processed with the consent of the Bank, the full amount of the proceeds will be used first to reimburse you. "Payables".

8. The guarantor will provide the relevant financial statements on a regular basis as required by your bank, and will promptly notify you of the changes in this guarantor in paragraph 5 of Article 5.

9. This guarantee is effective as of the date of opening, until the date when the guarantee liability under the above guarantee is completely discharged or the payable under the guarantee contract is fully paid off.

10. If there is any dispute in the performance of this guarantee, it shall be settled through consultation as far as possible. If the negotiation fails, the lawsuit will be filed in the court of your bank.

The original of this guarantee is in quadruplicate, and the Bank will hold two copies, and A and the guarantor each hold one copy.

Guarantor Name:
Signature of Legal Representative:_____
Date of issue:_____
Bank and account number: _____

Anti-guarantee

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