Facility Letter for General Banking Facilities between Bank of China (Hong Kong) Limited and Comtech Group Entities

Summary

This agreement confirms that Bank of China (Hong Kong) Limited has provided general banking facilities to Comtech International (Hong Kong) Limited, Comtech Broadband Corporation Limited, Keen Awards Limited, and Hong Kong JJT Limited. The facilities include trade and overdraft options with a combined limit of up to USD 41 million, allocated among the borrowers as specified. The letter outlines the available credit as of October 10, 2008, and clarifies that the bank assumes no responsibility for the accuracy or completeness of the stated facts.

EX-10.1 2 cogo_8k-ex1001.htm FACILITY LETTER cogo_8k-ex1001.htm

Exhibit 10.1

Date: 10 October 2008

Comtech Group, Inc.

Dear Sirs,

Re: General Banking Facilities

Borrower(s) : 1) Comtech International (Hong Kong) Limited

2) Comtech Broadband Corporation Limited

3) Keen Awards Limited

4) Hong Kong JJT Limited

We are pleased to confirm that the following facilities were made available to the above Borrowers as at 10 October 2008:

(I) Facilities utilized by all of the Borrowers provided that the aggregate Facilities utilized by any one or all of the companies at any time should not exceed the following limit:

Trade Facilities	USD10,000,000.00
Overdraft	USD1,000,000.00
Total	USD11,000,000.00

(II) Facilities utilized by Borrower 1, Borrower 2 and Borrower 3 provided that the aggregate Facilities utilized by any one or all of the companies at any time should not exceed the following limit:

Trade Facilities	USD30,000,000.00
Total	USD30,000,000.00

The facts above are given as at 10 October 2008 without any responsibility or liability whatsoever on the part of the Bank or its officials for or in respect of any of such facts or any defect in or omission from such facts.

Yours faithfully,

For Bank of China (Hong Kong) Limited

/s/ Yu San Bing Cindy

Authorized Signature(s)Yu San Bing Cindy