Release of Limited Guaranty by Chase Corporation in Favor of Citizens Bank of Massachusetts

Contract Categories: Business Finance › Release Agreements
Summary

This letter confirms that Citizens Bank of Massachusetts has approved the release of a Limited Guaranty previously provided by Chase Corporation. The guaranty was originally issued in connection with a $2,000,000 revolving line of credit between Sunburst Electronic Manufacturing Solutions, Inc. and Citizens Bank. With this release, Chase Corporation is no longer obligated under the guaranty. Any questions about the release can be directed to Citizens Bank.

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EX-10.35 5 a2147040zex-10_35.txt EXHIBIT 10.35 EXHIBIT 10.35 William E. Lingard Senior Vice President Citizens Bank of Massachusetts 18 State Street Boston, MA 02109 617 994-71I4 August 26, 2004 Everett Chadwick Jr. Treasurer and Chief Financial Officer Chase Corporation 26 Summer Street Bridgewater, MA 02324 Dear Chad: This letter is to acknowledge that Citizens has approved the release of Chase Corporation's Limited Guaranty dated the 2nd day of December, 2003 by Chase Corporation in favor of Citizens Bank of Massachusetts. The Guaranty was granted in consideration of a $2,000,000.00 Revolving Demand Line of Credit between Sunburst Electronic Manufacturing Solutions, Inc. and Citizens Bank of Massachusetts. Should you have any questions regarding this release, please contact me directly to review. Sincerely /s/ William E. Lingard - ---------------------- Senior Vice President