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Guarantee contract


Contract No.: Year No.
Guarantor Name:
residence:
Legal representative:
Account opening financial institution: Account number:
Phone: Postal Code: Fax:
Lender name:
residence:
Legal representative:
Phone: Postal Code: Fax:
Borrower Name:
residence:
Legal representative:
Account opening financial institution: Account number:
Phone: Postal Code: Fax:
Date of signing the contract: year, month and day
Signing the contract location: provinces, cities and counties

Borrower:
lender:
guarantor:

Due to the request of Party A, Party C is willing to provide guarantee for the first contract signed by Party A and Party B. After review, Party B agrees that Party C is the guarantor of Party A's repayment. Party A, B and C shall, by consensus, conclude this contract in accordance with the following terms.

The first guarantee amount of Party C is the fund principal and the corresponding interest and expenses borrowed by Party A from Party B according to the year letter contract.

Article 2 Party C shall be jointly and severally liable for the money listed in the above Article. If Party A does not repay according to the contract of the main contract
Party B shall have the right to recover directly from Party C by paying the principal and interest of the loan and the corresponding expenses. Party C guarantees that it will receive a written payment from Party B.
The above amount will be settled within the next business day of the notice.

Article 3 Party C's guarantee responsibility shall not be invalidated or cancelled by Party A's superior order, Party A's status and financial status, and any agreement or file signed by Party A with any unit and the principal contract guaranteed by this guarantee contract. And exempt.

Article 4 In the event of any change or restoration of Party C, Party C shall notify Party B and Party A in writing in advance, and all obligations under this guarantee contract shall be borne by the changed organization; or Party A and Party C shall implement Party B as Party B. Accepted by the new guarantor.

Article 5 After the commencement of this contract, Party A and Party B shall, if they need to extend the term of the loan under the main contract or change other terms of the main contract, they shall obtain the consent of Party C, and a written agreement shall be reached by Party A, Party B and Party C.

Article 6 After the entry into force of this contract, Party C shall have the right to supervise Party A's funds and property, and shall have the right to request Party A to provide its financial statements and other materials, and Party A shall provide it truthfully.

Article 7 The guaranteed amount of this contract shall be deducted accordingly if Party A repays or Party C settles the amount of principal, interest and expenses stipulated in Article 2 of this contract.

Article 8 Party C shall have the right to recover from Party A after Party A has paid off the principal and interest of the loan.

Article 9 During the term of this contract, neither Party A, Party B or Party C may change or terminate this contract without authorization. When the terms of this contract need to be changed, a written agreement shall be reached by mutual agreement.

Article 10 Liability for breach of contract

1. If Party C violates the provisions of Article 2 of this contract and fails to pay off the debts due on time, Party B has the right to entrust the financial institution of Party C to directly deduct the funds from the C deposit account, and may charge C to the Party according to the total amount of the guarantee. Liquidated damages.

2. If Party C violates the provisions of Article 4 of this contract, Party B shall pay Party B the liquidated damages in accordance with the total amount of the guarantee. If Party B causes economic losses and the amount of liquidated damages is insufficient to cover the losses suffered, Party B shall also compensate Party B for the direct economic losses.

3. If Party A violates Article 4 of this contract, Party B has the right to stop issuing new loans and recover the principal and interest of the loans already issued in advance.

4. Party A and Party B shall, in violation of the provisions of Article 5 of this contract, without the consent of Party C, extend the term of the loan under the main contract or change other terms of the main contract, Party C may cancel the guarantee obligation by itself.

5. The payment methods for liquidated damages listed in this Article shall be agreed by Party A and Party B as follows:

Article 11: The solution to the dispute:

The disputes arising from the implementation of this contract by Party A, Party B and Party C shall be settled by the three parties through negotiation or mediation. If the negotiation or mediation fails, the contract arbitration institution of the place where the contract is signed may apply for arbitration or the people's court of the place where the contract is signed.

Article 12 Other matters agreed by Party A, Party B and Party C:

Article 13 This contract shall be signed and affixed with the official seal authorized by the representative of Party A, B and C, or authorized by the legal representative, and shall become effective as of the effective date of the independent contract.

Article 14 The original of this contract shall be in triplicate, and each of Party A, Party B and Party C shall hold one copy.

Party A: Official Chapter Party B: Official Chapter C: Official Seal
Legal representative: signature legal representative: signature legal representative: signature

Year, month, year, month, day, day, month, day
Signing the contract location: Provinces, cities and counties

Note: If the party to the contract is an unincorporated unit, it shall be signed by the principal responsible person or the agent authorized by the principal responsible person.

Guarantee contract instructions

I. Scope of application: This contract is a third party other than the party to the loan contract. At the request of the borrower, the guarantee contract signed with the borrower and the lender when the borrower provides the guarantee for the performance of the contract debt.

2. If there are more than two guarantors providing guarantees in the contract, then multiple guarantors will also participate in the signing of the guarantee contract as Party C. The guarantee responsibility between the various guarantors shall be agreed upon by the parties after the agreement of the Article 12 “Other matters agreed upon by the parties”.

3. The spaces before the date of Articles 2 and 4 shall be filled out by the parties after the agreement.

4. The proportion of the liquidated damages and the payment method shall be filled out by the parties after consensus.

5. If the parties to the contract consider that other matters shall be agreed in the contract, and the provisions of this contract are not involved, the parties shall fill in the twelfth article after consensus.

6. Article 13 is an agreement on the effective date of the signatory of the contract. The contract must be signed by the legal representative of the parties to Party A, B or C or the agent authorized by the legal representative and the official seal of the unit must be affixed before it can take effect. The signature of any other person and any chapter other than the official seal of the unit are invalid. If the contracting party does not have legal personality, it shall be signed by the principal responsible person or the agent authorized by the principal responsible person.

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