Confirmation Letter for Credit Facilities between Standard Chartered Bank (Hong Kong) Limited and Comtech International (Hong Kong) Limited and Affiliates

Contract Categories: Business Finance › Facility Agreements
Summary

Standard Chartered Bank (Hong Kong) Limited confirms that, as of July 6, 2010, it made available to Comtech International (Hong Kong) Limited, Comtech Broadband Corporation Limited, and Keen Awards Limited a total of USD 15,000,000 in credit facilities. This includes a USD 1,000,000 overdraft and USD 14,000,000 in trade facilities, with USD 5,000,000 of the trade facilities available only during specified months. The letter states these facts without any liability or responsibility on the part of the bank.

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EX-10.1 2 cogo_ex1001.htm CONFIRMATION LETTER cogo_ex1001.htm  
Exhibit 10.1
 
 
 
 

6 Jul, 2010
 
PRIVATE AND CONFIDENTIAL
 
Comtech International (Hong Kong) Limited
Room 514, 5/F, Manhattan Centre
8 Kwai Cheong Road
Kwai Chung
N.T.
Hong Kong
 
Attn: Mr. Allen Wu
          Financial Controller
 
 
Dear Allen,
 
We are pleased to confirm that the following facilities were available to Comtech International (Hong Kong) Limited, Comtech Broadband Corporationn limited, Keen Awards Limited as of 6 Jul, 2010:
 

Overdraft
USD 1,000,000
Trade Facilities
USD14,000,000*
Total
USD15,000,000

* of which USD5,000,000 is available from April to September, and December of each calendar year.
 
The facts above are given as at 6 Jul 2010 without any responsibility or liability whatsoever on the part of the Bank or its offficaials for or in respect of any of such facts or any defect in or omission from such facts.

 
Yours faithfully,
Alan Lam
Relationship Manager
Wholesale Banking
Standard Chartered Bank (Hong Kong) Limited