Facility Offer Letter between China Construction Bank SIP Sub-branch and Multi-Fineline Electronix (Suzhou No. 2) Co., Ltd.
China Construction Bank SIP Sub-branch has agreed to provide Multi-Fineline Electronix (Suzhou No. 2) Co., Ltd. with a revolving loan facility of up to 150 million RMB or the equivalent in USD. The loan has a three-year term and does not require collateral. Interest rates are based on the People's Bank of China (PBOC) basic rate for RMB loans or LIBOR plus a margin for USD loans, with rates adjusted periodically. The agreement outlines the main terms and references a more detailed facility agreement.
Exhibit 10.63
Facility Offer Letter
Attention: Multi-Fineline Electronix (Suzhou No2) Co., Ltd
With reference to our recent discussion, we are pleased to confirm our agreement to granting you the facility detailed below. More information refer to the facility agreement (No 2010-1230100329001)
Amount: Up to 150 million RMB or equivalent USD
Purpose: Revolving loan
Tenor: Three Year
Security: Clean
Price: The RMB interest rate is 90% of Basic rate issued by PBOC in loan start date. (The interest rate is adjusted once a year as PBOC does) The Basic RMB interest Rate of PBOC
Term 6 months 12 months 1-3 years 3-5 years Above 5 Years
Basic Rate 4.86% 5.31% 5.40% 5.76% 5.94%
PBOC (29th Mar 2010)
The USD interest rate is calculated as Libor+XXBPS; BPS is determined by mutual consultation according to USD lending cost in domestic interbank borrowing market. (Libor is adjusted once a quarter)
China Construction Bank SIP Sub-branch
President sign:
29th Mar 2010
Address: No 158 Wangdun Road Suzhou Industry Park Suzhou PRC Post code: 215028
Number: (86)0512-62781031 Fax: (86)0512-62781022 Email: ***@***
