Guarantee ContractWSP Holdings LTD • November 15th, 2013 • Oil & gas field machinery & equipment
The Creditor and Chaoyang Seamless Oil Steel Casting Pipes Co., Ltd. (the “Debtor”) entered into a Debt Waiver Agreement (the “Principal Contract”) on May 15, 2013, under which the Creditor shall waive part of the debts that the Debtor owes the Creditor upon the satisfaction of certain conditions. Party A is willing to provide guarantee for the performance of all obligations under the Principal Contract by the Debtor. With a view to specifying each party’s rights and obligations, both parties hereby, in accordance with the Contract Law, the Guarantee Law and other relevant laws and regulations, enter into this Guarantee Contract through consultation on an equal basis for mutual compliance.
Debt Waiver AgreementDebt Waiver Agreement • November 15th, 2013 • WSP Holdings LTD • Oil & gas field machinery & equipment
WHEREAS Party A and Party B used to be each other’s affiliate with certain debts in between reflected in the accounts, and Party C has become Party’s B controlling shareholder by way of acquiring 51% equity interests in Party B from Party A. The original debts between Party A and Party B shall be settled in a timely manner. Taking into consideration the actual situation of relevant enterprises and the fact of equity interest transfer, the parties hereby reach the following agreement through consultation:
Debt Waiver AgreementDebt Waiver Agreement • November 15th, 2013 • WSP Holdings LTD • Oil & gas field machinery & equipment
WHEREAS Party A and Party B used to be each other’s affiliate with certain debts in between reflected in the accounts, and Party C has become Party’s B controlling shareholder by way of acquiring 100% equity interests in Party B. The original debts between Party A and Party B shall be settled in a timely manner. Taking into consideration the actual situation of relevant enterprises and the fact of equity interest transfer, the parties hereby reach the following agreement through consultation:
Debt Waiver AgreementDebt Waiver Agreement • November 15th, 2013 • WSP Holdings LTD • Oil & gas field machinery & equipment
WHEREAS Party A and Party B used to be each other’s affiliate with certain debts in between reflected in the accounts, and Party C has become Party’s B controlling shareholder by way of acquiring 100% equity interests in Party B, the original debts between Party A and Party B shall be settled in a timely manner. Taking into consideration the actual situation of relevant enterprises and the fact of equity interest transfer, the parties hereby reach the following agreement through consultation:
