GUARANTEE

THIS GUARANTEE is made on the day of 20 by:-

(1)

NRIC No.

Occupation:

Address:

Tel:

And

(2)

NRIC No.

Occupation:

Address:

Tel:

(hereinafter referred to collectively as “the Guarantors”);

In favour of:-

MALAYSIA KOCHOW ASSOCIATION, a society incorporated in Malaysia and having its registered address at No. 272, Changkat Thambi Dollah, Off Jalan Pudu, 55100 Kuala Lumpur (hereinafter referred to as "the Association").

WHEREAS

(a) By an agreement dated (the “Study Loan Agreement”) made between the Association and ______(the “Scholar”), the Association, at the request of the Guarantors, has agreed to grant to the Scholar financial assistance to pursue the course of study on the terms and subject to the conditions therein contained.

(b) The Guarantors hereto agree to guarantee the due performance of the obligations of the Scholar on the terms and subject to the conditions hereinafter appearing.

NOW IT IS HEREBY AGREED as follows:-

(1) The Guarantors HEREBY UNCONDITIONALLY AND IRREVOCABLY GUARANTEE JOINTLY AND SEVERALLY to the Association, as a continuing obligation, the due and punctual payment by the Scholar of all moneys owing to the Association pursuant to the Study Loan Agreement and the due performance and observance by the Scholar of all the Scholar’s obligations under and in relation to the Study Loan Agreement.

(2) The Guarantors FURTHER HEREBY UNCONDITIONALLY AND IRREVOCABLY AGREE, COVENANT AND UNDERTAKE with the Association that if for any reason whatsoever, the Scholar does not pay any sum of any kind or nature whatsoever (actual or contingent) outstanding, owing or payable by the Scholar to the Association under or pursuant to or in connection with the Study Loan Agreement, by the time and on the due date therefor as provided in the Study Loan Agreement (or as the case may be, on demand), the Guarantors will on demand by the Association pay the said sum to the Association for the account of the Scholar.

(3) The Guarantors hereby further agree with the Association that they will upon demand by the Association, pay and indemnify and keep indemnified the Association against all fees, costs, charges, damages, liabilities (including legal costs on a full indemnity basis) which the Association may incur or pay in enforcing or seeking to obtain payment of any and all sums hereby guaranteed or otherwise payable by the Guarantors under or pursuant to or in connection with this Guarantee, or otherwise enforcing exercising its rights under or in relation to this Guarantee.

(4) As a separate, additional and continuing obligation, the Guarantors HEREBY UNCONDITIONALLY AND IRREVOCABLY UNDERTAKE with the Association that should the sums (or any part thereof) guaranteed by the Guarantors in this Guarantee not be recoverable from the Guarantors under Clause (1) for any reason whatsoever (including, but without prejudice to the generality of the foregoing, by reason of any provision of the Study Loan Agreement being or becoming void, unenforceable or otherwise invalid under any applicable law) then notwithstanding that that may have been known to the Association, the Guarantors will, as principal and independent obligors, upon demand by the Association from time to time and at any time, pay to the Association by way of a full indemnity, the guaranteed amount pursuant to this Guarantee (or any part thereof as may from time to time or at any time be so demanded from the Guarantors) and shall indemnify and keep indemnified the Association against all losses, actions, proceedings, claims, demands, costs, damages and expenses (including legal fees and expenses on a full indemnity basis) which it may incur or suffer or sustain by reason of or as a result of or in connection with or arising from the Association entering into the Study Loan Agreement with the Scholar or otherwise in relation to or arising out of or as a result of any default by the Scholar in the due and punctual payment of any sum payable by it under or pursuant to or in connection with the Study Loan Agreement or in the due and punctual performance by the Scholar of any of its other obligations under this Guarantee.

(5) The obligations of the Guarantors hereunder shall not be discharged except by performance and then only to the extent of such performance. Such obligations shall not be subject to any prior notice to or demand on the Scholar with regard to any default on the part of the Scholar.

(6) This Guarantee shall be a continuing guarantee and binding on the Guarantors, their successors and assigns in title and the benefits thereof shall pass to the representatives and assigns of the Association.

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IN WITNESS WHEREOF the Guarantors hereto have hereunto set their hands the day and year first above written.

Signed by the abovenamed )

1st Guarantor )

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in the presence of:- )

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Signed by the abovenamed )

2nd Guarantor )

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in the presence of:- )

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