[Letterhead of AFG Trust Global Services]
Exhibit 10.53
[Letterhead of AFG Trust Global Services]
8 September 2006
FGDI L.L.C.
P. O. Box 149
19901 N. Dixie Highway, Suite B
| Bowling Green, Ohio 43402 | Fax No. + ###-###-#### |
U.S.A.
Attention: Mr. Steven J. Speck
Dear Sirs:
| 1) | Investment Facility Letter dated 25 May 2005 |
| 2) | Credit Facility Letter dated 25 May 2006 |
(collectively, “Agreements”)
| RENEWAL OF FACILITY |
Pursuant to our recent discussions, we hereby confirm your agreement to renew your credit facility and investment facility with us based on the variation of terms and conditions set out in Appendix 1 enclosed herewith. Subject to Appendix 1, all the terms and conditions contained in or subsisting to the Agreement shall remain in full force and effect.
We reserve our rights to amend any terms and conditions prior to your confirmation of acceptance of the same.
Kindly indicate your confirmation of acceptance at the bottom of this letter.
Thank you.
Yours faithfully,
For and on behalf of AFG TRUST FINANCE LIMITED,
| /s/ Bin Lu |
| Mr. Bin LU Director |
We hereby confirm our acceptance of the renewal as above mentioned.
| /s/ Steven J. Speck | /s/ Jean Bratton | |||
| Steven J. Speck President CEO | Jean M. Bratton Vice President CFO | |||
| Date of acceptance: September 18, 2006
Witnessed by: | ||||
| Donald E. Finn | ||||
| Donald E. Finn | ||||
APPENDIX I
| Facility Amount: | USD$8 million | |
| Term: | One year from the acceptance of this letter | |
| Average Balance: | None | |
| Establishment Fee: | 0.6% of the Facility Amount | |
