Facility Offer Letter
EXHIBIT 10.97
Facility Offer Letter
To:MFLEX Suzhou Co., Ltd:
According to the application from MFLEX Suzhou Co., Ltd (“Applicant”), our bank agrees to issue this Facility Offer Letter (“Letter”) for the purpose of comprehensive credit line. The details of the Letter are listed as follows:
1. The total amount of credit line granted by the Letter should not exceed CNY 300,000,000.00 (revolving use; short-term loan; trade financing business and letter of guarantee business; undertaking capital business).
Of such credit line, the loan interest rate of US dollar should be negotiated and determined by both parties based on lending cost in the market of US dollar on actual loan day.
2. The purpose of such loan should comply with relevant laws and regulations, supervisory rules and policies.
3. Such loan will be approved to be granted after obtaining permission of verification procedures set by our bank and in compliance with loan conditions required by our bank.
4. The authoritative institution to approve such loan is China Construction Bank Suzhou Branch.
5. The Letter validates from the date of execution to May 5, 2017.
6. Laws of PRC shall apply to the Letter.
China Construction Bank
Suzhou Industrial Park Sub-branch
President sign: /s/ Wei Xin
May 4, 2016
The Price of Financing Service
|
|
|
|
Business | Price Quoted In the Market | MFLEX Price | |
USD | USD Loan | Negotiated by CCB and MFLEX according to the variation of market price | |
USD time deposit | Negotiated by CCB and MFLEX according to the variation of market price | ||
USD Purchase | Selling Rate | Middle Rate | |
USD Sale | Buying Rate | Middle Rate | |
Account Fee | RMB 600.00 per year | Free | |
RMB | Seven-day Call | 1.485% | |
Agreement Deposit | 1.15% | ||
Account Fee | RMB 360.00 per year | Free | |
Receipts Management | RMB 200.00 per year | Free | |
Remit | Outward Remittances(Overseas) Commission | 1‰ of amount, Min RMB50.00, Max RMB1000.00 | Free |
Outward Remittances(Overseas) Cable Charges | RMB 80.00 | RMB 50.00 | |
Import L/C | Opening | 1.5‰ of amount, Min RMB500.00;0.05% of amount for per season as the expiry extend for 3 months | 0.3‰ of amount, Min RMB200.00 |
Amendment | RMB 200.00 | ||
Acceptance | 1‰ of amount per month, Min RMB150.00 | Free | |
Dishonor | Free | ||
Buty-free Guarantee | 1‰ of amount for per season, Min RMB500.00 | Free | |
DRAFT | Issue Bank Acceptance Bill | 0.05‰ of amount | |
Online Banking | USB-KEY | RMB 50.00 per person | Free |
Annual Charge | RMB 100.00 per person a year | Free |
2