Guarantee
We, the undersigned, agree to guarantee (not only as surety but also as principal debtor) all payment. Repayment and reimbursement obligations of the applicant, as well as all indebtedness of the applicant, under or in respect of each Credit or the T&C in your favor in an amount of not exceeding……………………………………………………………………………………………………………………………………………
and to be jointly and severally liable to you with the applicant for the fulfillment of terms of each Credit and the T&C. We also consent to any extension, renewal or modification of each Credit and waive all rights under Sections 694 and 697 of the Thai Civil and Commercial Code (or its amendment or replacement thereof) as well as any defense that we may have against you.