Facility Offer Letter

EX-10.87 3 d506725dex1087.htm EX-10.87 EX-10.87

Exhibit 10.87

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 May5, 2016.

6. Laws of PRC shall apply to the Letter.

China Construction Bank

Suzhou Industrial Park Sub-branch

President sign: /s/ WU NAN DAI

May 6, 2013


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