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10. This Deed of Guarantee and the benefit conferred by it may be assigned by the<br />

Beneficiary to any party to whom it assigns its interest under any Trading Arrangement, at<br />

any time. Save as aforesaid, this Deed of Guarantee and the benefit conferred by it may<br />

not be assigned by either party.<br />

11. The construction, validity and performance of this Deed of Guarantee is subject to English<br />

law and the English courts shall have exclusive jurisdiction over any dispute or difference<br />

arising out of or in connection herewith.<br />

12. The Guarantor irrevocably appoints [*insert name of UK process agent] to receive, for it<br />

and on its behalf, service of process in any proceedings. If for any reason [*insert name<br />

of UK process agent] is unable to act as such, the Guarantor will promptly notify the<br />

Beneficiary and within 30 days appoint a substitute process agent acceptable to the<br />

Beneficiary.<br />

In witness whereof this Deed of Guarantee has been executed as a Deed on the date at the head<br />

of this document.<br />

EXECUTED AND SIGNED as a Deed by [ ] }<br />

in the presence of: }<br />

Witnesses ………………………… } ……….. ……………………<br />

[ ]<br />

………………………… }<br />

page 59

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