Document:

Exhibit 10.4

 

(Specific Debt Guarantee)

 

LETTER OF GUARANTEE

 

	
Please

Affix   a

Revenue

Stamp
    	
 
    	
 
    
	
 
    	
 
    	
Date: May 10, 2013
    

 

	
 
    	
Guarantor
    	
Signature:   
    	
/s/   Stevan R. Schott
    
	
 
    	
 
    	
 
    	
Calgon   Carbon Corporation
    
	
 
    	
 
    	
Full   Name:
    	
Stevan   R. Schott, Senior Vice
    
	
 
    	
 
    	
 
    	
President &   Chief Financial Officer
    
	
 
    	
 
    	
Address:
    	
400   Calgon Carbon Drive
    
	
 
    	
 
    	
 
    	
Pittsburgh,   PA 15205 USA
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Borrower
    	
 
    	
/s/   Natsuo Watase
    
	
 
    	
 
    	
Full   Name:
    	
Natsuo   Watase, President
    
	
 
    	
 
    	
 
    	
Calgon   Carbon Japan KK
    
	
 
    	
 
    	
Address:
    	
Central   Building 8-F
    
	
 
    	
 
    	
 
    	
Kayobashi   1-1-5, Chuo-Ku
    
	
 
    	
 
    	
 
    	
Tokyo   104-0031 Japan
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Bank
    	
 
    	
/s/
    
	
 
    	
 
    	
Full   Name:
    	
 
    
	
 
    	
 
    	
 
    	
Bank   of Tokyo-Mitsubishi UFJ
    
	
 
    	
 
    	
Address:
    	
 
    

 

The Guarantor and the Bank hereby agree to the terms and conditions set forth in this letter of guarantee (this “Guarantee”) in connection with the guarantee transaction between the Guarantor and the Bank.

 

Article I (Guarantee Obligations)

 

The Guarantor shall be jointly and severally liable (rentai hosho) with the Borrower in respect of the obligations specified below: which the Borrower owes to the Bank (the “Borrower’s Obligation”). The Guarantor hereby agrees to perform its obligations pursuant to the terms and conditions set forth in this Guarantee as well as the Agreement on the Bank Transactions, which the Borrower has separately furnished to or agreed with the Bank.

 

 

	
1
    	
 
    	
The   loan obligation under the Loan Agreement (Kin-Sen-Shouhi-Taishaku-Keiyaku-Shousho)

Dated   as of May 10th, 2013
    
	
 
    	
 
    	
Contract   Amount: the sum of ¥1.000.000.000

(Current   outstanding amount: the sum of ¥1.000.000.000)
    
	
 
    	
 
    	
Final   Repayment Date
    	
May 10,   2017
    
	
2
    	
 
    	
The   obligation under the promissory note drawn on              and the loan   obligation underlying the promissory note
    
	
 
    	
 
    	
Face   amount of the promissory note
    	
¥
    
	
 
    	
 
    	
Serial   number of the promissory note
    	
 
    
	
 
    	
 
    	
Maturity   date
    
	
3
    	
 
    	
 

 
    

 

Article 2 (Waiver of Right to Claim Maintenance of Security)

 

The Guarantor shall not claim that it should be released from its obligations on the grounds that the Rank has amended or terminated the collateral or other guarantees for reasons of its own.

 

Article 3 (Prohibition of Set-off by Guarantor)

 

The Guarantor shall not set-off the deposits or any other claim of the Borrower against the Bank.

 

Article 4 (Non Exercise, etc. of Right Obtained by Subrogation)

 

In the event that the Guarantor has performed any obligation under this Guarantee, the Guarantor shall not exercise any right obtained from the Bank by subrogation without the prior approval of the Bank so long as transactions between the Borrower and the Bank continue, Upon the Bank’s demand, the Guarantor shall assign such right and priority to the Bank without any charge.

 

Article 5 (Guarantee Obligations Being Cumulative)

 

1.              If any other letter of guarantee has been executed by the Guarantor as security for the transaction between the Borrower and the Bank, the total amount of the guarantee obligations shall be the aggregate of the guaranteed obligations under such other guarantee and this Guarantee, and this Guarantee shall not affect such other guarantee.

 

2.              The preceding paragraph shall also apply to such cases as any other letter of guarantee is executed in the future by the Guarantor as security for the transaction between the Borrower and the Bank.

 

 

Article 6 (Set-off by Bank and Delivery of Bills or Notes)

 

1.              In the event that the Borrower’s Obligation becomes due, the Bank may set-off any obligations the Bank owes to the Guarantor (such as deposits and any other claim of the Guarantor against the Bank) against the Guarantor’s obligations hereunder, even if such obligations of the Bank have not yet become due.

 

2.              In the event that the Bank has set-off as set forth in the preceding paragraph and there exist bills or notes pertaining to the Borrower’s obligations to the Bank, the Bank shall deliver such bills or notes thereafter. In such case, the Guarantor shall come to the Bank’s premises to receive such bills or notes.

 

Article 7 (Designation of Application)

 

1.              In the event that the Bank effects set-off under the preceding article and the amount thereof is insufficient to pay and discharge all of the obligations that the Guarantor owes to the Bank, the Bank may designate its application in such order and method as the Bank deems appropriate. In the event that the Guarantor makes payment in relation to its obligations and the amount thereof is insufficient to pay and discharge all the obligations that the Guarantor owes to the Bank, the Guarantor may apply the same in such order and method as the Guarantor deems appropriate. If, in such event, the Bank or the Guarantor, as the case may be, fails to designate the order and method in which the obligations are paid and discharged, the other party may make the application in the same manner.

 

2.              If the Bank designated the order and method in which the obligations are paid and discharged by application in accordance with the preceding paragraph, the Guarantor shall not raise any objection to such application.

 

Article 8 (Changes in Matters Notified)

 

The Guarantor shall immediately give written notification to the Bank when changes are made in its seal, name, trade name, representative, address or other matters to be notified to the Bank.

 

Article 9 (Notice, etc. to Guarantor and Others)

 

In the event that any notice, document, etc. sent to the address or offices notified to the Bank is belatedly delivered or fails to arrive due to any cause attributable to the Borrower or the Guarantor, such as the failure of the Borrower or the Guarantor in making notice of change of matters to be notified to the Bank pursuant to the preceding article or the refusal by the Borrower or the Guarantor of receipt of a demand from the Bank, the notice, document, etc. shall be deemed to have been delivered as of the time it should normally have arrived.Exhibit
10.5

 

	
  

  	
  1 Amount of
  Loan 1 1 1 1 Fund for 2 Use of Fund 4 Guaranteed by Credit Guaranty
  Association Name of Credit Guaranty Association Guarantee number: (Place on
  top of the amount) (To be deleted with slant if not guaranteed) Final
  repayment date 1 Year Month Day 5 Repayment Schedule (1) The initial and
  final repayment are to be as follows: Rate of Bank Damages Interest Rate 3 %
  per annum 14% p.a. (To be calculated for actual number of days on a 365-day
  year basis) 1 Year Month Day 1111 Initial repayment amount 1 1 1 1 Initial
  repayment date Final payment =aunt (2) The repayment from the second
  repayment (excluding the final repayment) are scheduled as 6 8 Second
  repayment month 1 Year Month 1 11 1 Pay period III Every-months Amount of
  repayment for each time 1 1 1 1 1 1 1 1 1 Pay period I I Every-months Amount
  t of repayment for each time 1 1 1 1 1 1 1 1 1 Pay period 1 By Yr, 1 Month
  Every-months Amount of repayment for each time 1 1 1 1 1 1 1 1 1 Pay period
  III Every-months Amount of repayment for each time 1 1 1 1 1 1 1 1 1 Revenue
  Stamp LOAN AGREEMENT Date: May 10, 2013 To: The Bank of Tokyo-Mitsubishi UFJ,
  Ltd. Address Central Building 8F Kayobashi 1-1-5, Chuo-Ku /s/ Natsuo Watase,
  Tokyo 104-0031 Japan President Seal Borrower Calgon Carbon Japan KK Address
  Guarantor (Rental Hoshonin) Address Seal Guarantor (Rental Hoshonin) The
  borrower hereby executes this Loan Agreement set forth with your bank, based
  on the acknowledgement of each provision of the Agreement on Bank
  Transactions which the borrower separately tendered to your bank. Article 1
  (Loan) The borrower has been provided with a loan for which details are as
  follows: Pay period Every-months Amount of repayment for each time By Yr,
  Month 4, 111 1 1 1 11 4 1 1 1 1 Pay period By Yr, 1 Month Every-months Amount
  of repayment for each time 1 1 1 1 1 1 1 1 1 Pay period By Yr, Month I I I
  Every-months Amount of repayment for each 1 1 1 1 1 1 time II Pay period on
  ByYr,1 1 Month Every-months Amount of repayment for each time 1 1 1 1 1 1 1 1
  1 Pay period By Yr, 1 1 Month Every-months Amount of repayment for each time
  1 1 1 1 1 1 1 1 1 (3) Each repayment date for the above (2) shall be ( ) of
  the month. (4) If repayment dates for the above (1) and (2) fall on holidays,
  the following date shall be selected by deleting needless dates. I. Business
  day before holiday 12. Business day following holiday 13. Business day
  following holiday. but if it is over the month-end. previous business day 6
  Interest Payment Schedule (1) Interest payment dates shall be a drawdown date
  and dates corresponding to a date specified in the preceding (3) in every
  Payment ( ) months, and an interest amount for a period from a drawdown date
  (from the 2nd payment, a date following each interest Schedule payment date)
  to the next interest payment date (the final date shall be the final
  repayment date) shall be paid in advance. (2) The preceding (4) shall apply
  in case where each interest payment date falls on holiday. 7 Deposit Account
  for repayment Your Bank current / Account number Account holder's name Br.
  ordinary 

  

 

 

Article 2 (Partial Accelerated Repayment)

 

In the event that the borrower executes a partial accelerated repayment, unless otherwise requested, the borrower shall continue to make the subsequent repayment pursuant to the schedule provided in the preceding article, and the final repayment date shall be moved up to the otherwise preceding repayment date.

 

Article 3 (Withdrawal of Principal and/or Interest from Deposit Account)

 

(A) With regard to the principals payable by the borrower, your Bank may debit from the deposit account for repayment specified in Article 1-7 such amount payable by the borrower and appropriate it to such principal repayment on the contracted repayment date.

 

Notwithstanding any provisions specified in the rules for current deposit, ordinary deposit, multipurpose deposit accounts, the submission of checks, passbook and withdrawal slip for ordinary deposit and multi-purpose deposit accounts may be omitted.

 

If the outstanding balance in the deposit account for repayment fall short of the amount to be repaid on the repayment date,your Bank may, at any time, handle the repayment process in the same manner, when the balance subsequently reaches the amount to be repaid.

 

(B) Your Bank may debit from the account for repayment any amount payable by the borrower, including interests, damages or other fees related to this loan, mutatis mutandis to this Article 3-(A).

 

(C) The borrower will follow your Bank’s instructions if methods specified in this Article 3-(A) or (B) are not adopted.

 

Article 4 (Burden of Expenses)

 

The borrower will bear any and all expenses incurred in relation to the preparation of this Certificate and deed specified in Article 6, disposal of collaterals, and this Agreement.

 

Article 5 (Guarantee)

 

i.                  The guarantor (“Rentai Hoshonin”) shall owe obligations on guarantees jointly and severally (“Rentai Hosho”) with the borrower for any and all obligations owed by the borrower under this Agreement, and, in the performance thereof, shall abide by each provisions of the Agreement on Bank Transactions separately tendered by the borrower to your Bank and this Agreement.

ii.               The Rentai Hoshonin shall not claim immunity against changes or cancellation of collaterals or other guarantees made by your Bank at your Bank’s own convenience.

iii.            The Rentai Hoshonin shall not offset any debts with deposits or any other credits the borrower has against your Bank.

iv.           The Rentai Hoshonin shall not exercise its rights obtained from your Bank in subrogation by performing obligations on guarantees if transactions between the borrower and your Bank continue without consent of your Bank. If your Bank so demands, the Rentai Hoshonin shall assign its rights or ranks to your Bank without any consideration thereof.

v.              If the Rentai Hoshonin tenders or may tender in future guarantees on obligations owed by the borrower other than this guarantee, total amount of guarantees shall be an aggregate amount of these guarantees, unless otherwise specifically agreed, and other guarantees shall not be affected by this guarantee.

 

The English translation of this Loan Agreement is prepared solely for the purpose of convenience, and is superseded by the Japanese text. All questions that may arise within or without courts of law in regard to the meaning of the words, provisions, and stipulations of the following agreement shall be decided in accordance with the Japanese agreement.

 

 

Article 6 (Preparation of Notarial Deed)

 

If your Bank so demands, the borrower and Rentai Hoshonin shall forthwith make necessary arrangement to prepare a notarial deed authorizing compulsory execution regarding obligations under this Agreement.

 

Article 7 (Rivision of the Interset Rate)

 

Your Bank and the borrower may demand the rivision of the Interset Rate (specified in Article 1-3) each other in situations such as follows:

 

In the event of a change in the condition of financial market

 

In cases other than above, when a reasonable reason to revise the Interest Rate exists.

 

(Special Agreement)

 

(Seal)

 

	
(Reference)   Irrespective of regular year or leap year, interest shall be calculated using   a formula shown on the right.
    	
 
    	
Principal (unit of calc. of int.: ¥100) x days x annual rate =   Interest (rounding down less than ¥1)
   365

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