Date: __________
To: [Lender]
APPOINTMENT OF PROCESS AGENT
We refer to the credit facilities granted by [Lender] (the “Lender”) to
[Borrower] (the “Borrower”) pursuant to a term loan facility agreement
dated [date] and a term loan facility agreement dated [date]
(collectively the “Facility Agreement”, which expression shall include
such Facility Agreement as amended, supplemented and varied from time to
time).
2. Pursuant to the Facility Agreement, a joint and several guarantee and
indemnity dated [date] (the “Guarantee”) was executed by us, as
Guarantor in favour of the Lender.
3. We irrevocably appoint [Process Agent] a company incorporated in
Singapore under company registration no. [ ] with its registered office
at [address] as our agent in Singapore with full authority to receive,
accept and acknowledge for us and on our behalf, service of process in
any Proceedings in relation to any matter concerning the Guarantee. Such
service shall be deemed completed on delivery to the process agent
(whether or not it is forwarded to and received by us). We undertake not
to revoke the authority of the aforesaid process agent and if, for any
reason, the process agent ceases to be able to act as such or no longer
has an address in Singapore, we shall promptly appoint a substitute
process agent in Singapore acceptable to the Lender, and to forthwith
deliver to the Lender the new agent’s acceptance of that appointment
within 14 days Provided That until the Lender receives such acceptance,
the Lender shall be entitled to treat the agent named above (or its
successors) as our agent for the purpose of service of process in any
Proceedings in relation to any matter concerning the Guarantee.
4. Capitalised terms used in the letter shall have the respective
meanings ascribed to them under the Facility Agreement unless the
context otherwise requires or it is expressly defined in this letter.
5. This letter shall be governed by and construed in all respects in
accordance with the laws of Singapore. In relation to any legal action
or proceedings arising out of or in connection with this letter
(“Proceedings”), we hereby irrevocably submit to the jurisdiction of the
courts of Singapore and waives any objection to Proceedings in any such
courts on the grounds of venue or on the grounds that the Proceedings
have been brought in an inconvenient forum.
Yours faithfully
__________________
Name:
Title: Director
For and on behalf of
[Borrower]
ACCEPTANCE OF APPOINTMENT OF PROCESS AGENT
We, the undersigned, confirm our appointment as process agent in
Singapore for [Borrower], a company duly organised and existing under
the laws of the [ ] with company registration no [ ] and with registered
office at [ ] in connection with the Guarantee, on the terms set out
above in this letter.
Yours faithfully
______________________
Name:
Title: Director
For and on behalf of
[Process Agent]