Guaranty Letter from Kalex Circuit Board (China) Ltd to China Construction Bank Zhongshan Branch for Loan Facility to Kalex Multi-Layer Circuit Board (Zhongshan) Co., Ltd
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Summary
Kalex Circuit Board (China) Ltd has issued this letter to China Construction Bank Zhongshan Branch, guaranteeing the loan facility application of its subsidiary, Kalex Multi-Layer Circuit Board (Zhongshan) Co., Ltd. The Company agrees to be responsible for all debts arising from the loan and promises not to use or dispose of its real properties in Zhongshan as collateral for other financial institutions during the loan term.
EX-10.2 3 d71733exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
Comfort Letter
To: China Construction Bank Zhonghsan Branch (“CCB ZH”) Whereas the Kalex Circuit Board (China) Ltd’s (the “Company”) wholly owned subsidiary Kalex Multi-Layer Circuit Board (Zhongshan) Co., Ltd (“Kalex ZS”) is applying for loan facility from CCB ZS, the Company hereby irrevocably guarantees as follows:
1. The Company shall provide guaranty for Kalex ZS on the loan facility application and will be severally liable for all debts arising from using such loan.
2. During the term of loan, the Company will not provide any real properties registered under the name of the Company in Zhongshan as collaterals to any other financial institution, neither will dispose such real properties in other ways.
Kalex Circuit Board (China) Ltd
Authorized representative signature
/s/ Ricky Ng
