Attached files
| file | filename |
|---|---|
| EX-32.2 - ColorStars Group | exhibit322-quarterlyreportse.htm |
| EX-31.2 - ColorStars Group | exhibit312-quarterlyreportse.htm |
| EX-31.1 - ColorStars Group | exhibit311-quarterlyreportse.htm |
| EX-10.3 - ColorStars Group | exhibit103-loanagreement0022.htm |
| EX-10.1 - ColorStars Group | exhibit101-loanagreement0022.htm |
| EX-32.1 - ColorStars Group | exhibit321-quarterlyreportse.htm |
| 10-Q - ColorStars Group | form10-qseptember302011xbrlv.htm |
Request for Credit Line Disbursement
& Promissory Note (in NT Dollar)
| TO: Hua Nan Commercial Bank | |
| Loan No. 1385-0089-1 | Borrower’s Name: Color Stars, Inc. |
| Corporation Employer ID: 80179506 | Individual ID: |
| I. | Disbursement Amount: NT$6,000,000 |
| II. | For the needs of working capital and capital expenditure, Borrower hereby requests to disburse within the line of credit. |
| (1) This disbursement is for: |
| Overdraft | Secured | Corporate debit | Import | Export |
| overdraft | card finance | overdraft | overdraft | |
| Short-term working capital for | Accounts payable to Security Exchange Bureau | |||
| securities of brokerage firm | ||||
| Short-term | Short-term | Med-term loan | Med-term | Working |
| loan | secured loan | secured loan | capital loan | |
| Long-term loan | Long-term | Domestic draft | Working | Others |
secured loan advance capital loan for 3rd ____________ party (2) Period of this loan: From Juue 24, 2011 to December 24, 2012.
(3) Interest Rate:
Annual percentage rage (APR) at _____% fixed.
Based on your prime rate (see Explanations I) plus ___APR (currently totaling ___APR), prime rate adjustable every 3 months every month.
Based on your 90-day money market average rate (see Explanations II) ____ plus 1.61% (currently totaling 3.117% APR), adjustable every 3 months from the date of loan booked.
Based on your time deposit rate index (see Explanations III) ___ plus ___% (currently totaling ___%APR), adjustable every 3 months every month.
Based on Contract agreed by both parties. ______________________________________________________________
(4) In the case that above money market rate or time deposit rate index substantially deviated from market rate caused by irresistible event, you have to publish, 10 days prior to the change, in your bank lobby, website, or national newspaper, then issue a new rate based on discount rate published by Central Bank of Taiwan and adjusted with the difference between the preceding rate and discount rate.
(5) Computation of interest (in NT$):
| a. | Short-term: Daily, based on 365 days. |
| Interest = Balance of principal x 1/365 x days | |
| b. | Med-term: |
| If full month (see Explanations IV): Monthly. | |
| Interest = Balance of principal x %APR x 1/12 x months If not full month: | |
| (a) If not full month (see Explanations V): Based on weighted ratio (see |
Explanations VI) Interest = Balance of Principal x %APR x 1/12 x days/days of month (b) Full repayment of principal: Daily (If over 1 month, compute monthly interest for full months.) (c) Partial repayment of principal: Based on weighted ratio. Interest = Balance of Principal x %APR x 1/12 x days/days of month (6) Prepayment:
From the date of loan, interest payable on 24 day of month, principal due upon maturity. From the date of loan, monthly principal and interest are due on ____ day of month.
From the date of loan, principal installment payable on ___ day of month, interest payable on monthly basis.
From the date of loan, the first _____ months interest payable on _____ day of the month. Starting __th month, principal and interest are due monthly.
From the date of loan, the first _____ months interest payable on _____ day of the month.
Starting __th month, principal installment payable and interest payable on monthly basis.
| III. | Please disburse funds according to following terms: (1) Indirect credit: |
| Guarantee | Guarantee for corporate bonds | Guarantee for commercial. paper | |
| (2) Period: | From | to _____________. | |
| From | to _____________. | ||
| (3) | Fees: Fees are payable based on ____%APR. A term is 3 months. Less than 3 months is computed as one term. Upon maturity, is your bank’s guarantee is not yet released, additional fee will be negotiated by both parties. | |
| IV. | The Borrower hereby agrees this Request for Credit Line Disbursement & Promissory Note be a part | |
| of | Loan Agreement. | |
| V. | Declaration: All directors and supervisors of the Board and other fiduciary representatives’ act as | |
| guarantors | of this Line of Credit will remain incumbent while this note is disbursed. | |
Applicant/Borrowing Entity : COLOR STARS, INC.
Address : 10F, NO. 566, Jungjeng Rd., Sindian District, New Taipei City 23148, Taiwan, R. O. C.
Representative: WEI-RUR CHEN / PRESIDENT
Date: June 24, 2011