Loan Approval Notification between Chang Hwa Commercial Bank and Kid Castle Internet Technology Corporation
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Summary
Chang Hwa Commercial Bank, Ji-Cheng Branch, has approved a loan for Kid Castle Internet Technology Corporation totaling NT$20,000,000, including two middle-term unsecured loans and a business credit card loan. The loans are subject to specific interest rates and conditions, such as board approval, personal guarantees, and monthly repayments for part of the loan. The main loan is secured by bills receivable managed in a special bank account. The loan term runs from October 16, 2006, to September 30, 2007, with one portion extending to March 19, 2008.
EX-10.4 4 v078132_ex10-4.htm Unassociated Document
Chang Hwa Commercial Bank, Ji-Cheng Branch
Loan Approval Notification
| Client | Kid Castle Internet Technology Corporation |
| Amount of Approved Loan | NT$20,000,000.- |
| Loan Category | 1. Middle-term unsecured loan : NT$20,000,000.- 2. Middle-term unsecured loan : NT$5,352,000.- 3. Business credit card loan: NT$2,000,000 |
| Term of Loan | Oct. 16, 2006 - Sept. 30, 2007 |
| Interest Rate | 1. Middle-term unsecured loan : [Base Lending Rate] + 1.3% (current : 5.37%) 2. Middle-term unsecured loan : [Base Lending Rate] + 1.3% (current : 5.37%) |
| Loan Conditions & Supplementary Items | 1. Re-request the Board Resolution of the Executive Board on loan approval determination 2. Re-request loan guarantee and loan agreement of both Pai Suang-Yi and Yang Ming-Tan 3. Middle-term unsecured loan: NT$5,352,000.- till Mar. 19,2008; principal and interest is paid on a monthly basis 4. Middle-term unsecured loan : NT$20,000,000.-; the amount of approved loan is at 125% of bills receivable under control of a special account at the Bank |
Please apply for relevant loan processes at the service counter of the Bank, thank you.
Chang Hwa Commercial Bank, Ji-Cheng Branch
Dated : Oct. 18, 2006
