Exhibit 10.10
KIBO'S LETTER OF GUARANREE
CREDIT GUARANTEE FOR BANK
GUARANTEE NUMBER 106200900340
RECIPIENT : SHIN HAN BANK
GUARANTEE AMOUNT : 500,000,000 KOREAN WON
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Principal Debtor Corporation Leo Motors Co., Ltd.
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CEO & President Jung Yong Lee
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Address 291-1 , Hasangok-Dong, Hanam-Si, Gyunggi-Do
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Term Until May 26 2010
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Guarantee Method Individual Guarantee
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Credit Type Credit for Regular Business Operation
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Special Guarantee Condition None
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KIBO shall guarantee the responsibility of a surety as set forth above.
ISSUED ON MAY 27 2009
By: //_________________________________
Byung Hwa Jin
CEO & President
KIBO Technology Fund
Branch : Sopa Technology Evaluation Center
In charger of : Jin Hyung Kim
Tel : 82-2-3432-8031~40
Address : Duam Bldg 2F, Seokchon-dong 174-6
Sopa-gu, Seoul, Korea