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 totaling NT$40,000,000 for Kid Castle Internet Technology Corporation. The loan consists of two middle-term unsecured loans: NT$10,000,000 for three years with monthly payments, and NT$30,000,000 tied to bills receivable managed by the bank. The interest rates are based on the bank's base lending rate plus a margin. Approval is subject to board resolutions and personal guarantees from Pai Suang-Yi and Yang Ming-Tan. The agreement outlines the terms, conditions, and required documentation for the loan.
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Chang Hwa Commercial Bank, Ji-Cheng Branch
Loan Approval Notification
| Client | Kid Castle Internet Technology Corporation |
| Amount of Approved Loan | NT$40,000,000.- |
| Loan Category | 1. Middle-term unsecured loan : NT$10,000,000.- 2. Middle-term unsecured loan : NT$30,000,000.- |
| Term of Loan | March. 21, 2005 - March. 31, 2006 |
| Interest Rate | 1. Middle-term unsecured loan : [Base Lending Rate] + 1.65% (current : 5.33%) 2. Middle-term unsecured loan : [Base Lending Rate] + 2.15% (current : 5.83%) |
| 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$10,000,000.the period for 3 years; principal and interest is paid on a monthly basis 4. Middle-term unsecured loan : NT$30,000,000.-; 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 : Mar. 28, 2005
