Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - UNIVERSAL SOLAR TECHNOLOGY, INC.Financial_Report.xls
10-K - FORM 10-K - UNIVERSAL SOLAR TECHNOLOGY, INC.v337652_10k.htm
EX-31.2 - EXHIBIT 31.2 - UNIVERSAL SOLAR TECHNOLOGY, INC.v337652_ex31-2.htm
EX-32.1 - EXHIBIT 32.1 - UNIVERSAL SOLAR TECHNOLOGY, INC.v337652_ex32-1.htm
EX-32.2 - EXHIBIT 32.2 - UNIVERSAL SOLAR TECHNOLOGY, INC.v337652_ex32-2.htm
EX-31.1 - EXHIBIT 31.1 - UNIVERSAL SOLAR TECHNOLOGY, INC.v337652_ex31-1.htm
EX-10.12 - EXHIBIT 10.12 - UNIVERSAL SOLAR TECHNOLOGY, INC.v337652_ex10-12.htm

 

Letter of Confirmation of Related Party Loans

 

Party A: Universal Solar Technology, Inc. (including its wholly-owned subsidiaries, Kuong U Science & Technology (Group) Ltd. and Nanyang Universal Solar Technology Co., Ltd. (“NUST”))

Party B: Ling Chen

 

Whereas:

1. Party A is a public company trading on OTC BB;

2. Party B is Director of Party A;

 

Party A and Party B agree that all loans provided by Party B to Party A shall be due on December 31, 2016. All loans provided by Party B to Party A will bear interest at the interest rate of 3.50% per annum. Party A can make payment of accrued interest when its cash flow circumstance allows.

 

Party A: Universal Solar Technology, Inc.

/s/ Wensheng Chen

 

Party B: Ling Chen

/s/ Ling Chen