EX-10.2
from 8-K
24 pages
8mlimited Date: 28 March 2023 Loan Application No.: Ta Yang Group Holdings Limited 22/F, H Code 45 Pottinger Street Central Hk Attn : Mr. LI Jiu Hua Dear Sirs, Re: Ta Yang Group Holdings Limited (The "Bon - Ower") Uncommitted Revolving Term Loan Facility (The "Facility") With Reference to Your Application for an Uncommitted Revolving Term Loan Facility (The "Facility"), We Are Pleased to Confirm That Your Application Has Been Approved Subject to the Terms and Conditions Set Out in This Facility Letter. 1. Advance: Any Advance or Drawings Made or to Be Made by the Lender to the Bonower Under the Facility 2. Borrower: Ta Yang Group Holdings Limited, a Company Incorporated in the Cayman Islands Under Limited Liability 3. Lender: 8 M Limited, a Company Incorporated in Hong Kong Under Limited Liability (CI No .: 2485024 , Money Lender's Licence No .: 2314 / 2022 ) With Its Registered Office at Room 9 , 11 /F, Hang Bong Commercial Centre, 28 Shanghai Street, Jordan, Kowloon . 4. Guarantor: 5. Facility: 6. Facility Amount: 7. Purpose: 8. Security: 9. Documentation: Lyton Maison Limited, a Shareholder of Ta Yang Group Holdings Limited an Uncommitted Revolving Term Loan Facility. Hk$!90,000,000 (Hong Kong Dollars One Hundred and Ninety Million) to Provide the Borrower With Working Capital for Its Business Only and No Other Purposes Whatsoever. the Guarantor Shall Execute a Guarantee in Substantially the Form Set Out in Appendix B Hereto (If Applicable). the Facility Shall Be Governed by the Terms of This Facility Letter and Such Other Loan and Security Documentation in Form and Substance Reasonably 1
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