The Shareholders' Agreement referred to in this Guarantee outlines the obligations and responsibilities of all parties involved in the agreement. The Guarantor, as a principal obligor, unconditionally and irrevocably guarantees the proper and punctual performance of the Party in regards to their obligations and commitments under the agreement. If the Party fails to perform any of their obligations, the Guarantor is immediately responsible for performing or procuring the performance of the obligation. The Guarantor's liability under the guarantee remains in force despite any act, omission, event, or matter and is not impacted by any legal or equitable defence or any other guarantees or securities. The Guarantor's obligations are a continuing obligation and extend to all of the Party's obligations, regardless of any intermediate payment or discharge.

In addition to the guarantees outlined in the agreement, the Guarantor also undertakes to indemnify the Company and the Other Shareholders against any loss, damages, costs, and expenses resulting from a failure to perform the obligations outlined in the agreement. Demands may be made by the Company or any Other Shareholder at any time and the Guarantor's obligations are in addition to, and not in substitution for, any other security held for the Party's obligations. Any release, compromise, or discharge of the Guarantor's obligations will be deemed void if any payment, performance, or security received by the Company or any Other Shareholder is set aside, refunded, or reduced.

The Guarantor also has a separate and primary obligation to indemnify the Company and the Other Shareholders against any loss, damages, costs, and expenses resulting from a breach of the agreement. The Guarantor must also ensure that the Party remains in compliance with all applicable laws and regulations and must immediately notify the Company and the Other Shareholders in the event of any change in the Party's compliance status. The Guarantor acknowledges and agrees that the obligations and undertakings in the agreement are binding on their successors and assigns and that the Company and the Other Shareholders may enforce the guarantees and obligations outlined in the agreement against the Guarantor and their assets.

How to use this Document?

1. Introduction to the Shareholders' Agreement: The Shareholders' Agreement is a legally binding document between the shareholders and the party. The Guarantor acknowledges receiving a copy of the agreement and agrees to the terms and conditions stated in the document.

2. Performance Guarantee: The Guarantor is the principal obligor and guarantees the proper and punctual performance of all obligations and commitments of the party under the agreement. The Guarantor also undertakes to indemnify the company and other shareholders against any loss or damages caused by the party or the Guarantor's failure to perform.

3. Performance of Obligations: If the party fails to perform any obligations under the agreement, the Guarantor is obligated to perform or procure the performance of the obligation on demand. The Guarantor's liability under this guarantee remains in force regardless of any events that may occur.

4. Liability Remains in Force: The Guarantor's liability under this Guarantee shall remain in force regardless of any act, event or matter that may occur. The Guarantor's liability shall not be affected by any other guarantees, security, rights, or interests held by the party in relation to the agreement.

5. Continuing Obligations: The obligations of the Guarantor under this Guarantee are continuing and shall extend to all of the obligations of the party. Demands may be made by the company or other shareholders from time to time.

6. Release of Obligations: If the obligations of the Guarantor are released, the release shall be void if the payment, performance, or security received by the company or other shareholders is set aside. The company or other shareholders shall be entitled to recover the value of such security or payment if the discharge is not effective.

7. Indemnification: As a separate and primary obligation, the Guarantor undertakes to indemnify the company and other shareholders against any loss, damages, costs, or expenses incurred due to the party's or Guarantor's failure to perform any obligations under the agreement.

8. Termination of Agreement: This Guarantee shall terminate upon the termination of the agreement, but the indemnification obligations of the Guarantor shall survive termination.

9. Governing Law: This Guarantee shall be governed by the law specified in the agreement.

In conclusion, the Shareholders' Agreement is a legally binding document that outlines the obligations and commitments of the party and the Guarantor. The Guarantor is responsible for guaranteeing the proper and punctual performance of all obligations under the agreement and indemnifying the company and other shareholders against any loss or damages caused by the party or the Guarantor's failure to perform.