August 2002 Extension of Loan and Security Agreement between Far East National Bank, Bank SinoPac, and OSE USA, Inc./OSE, Inc.
Far East National Bank and Bank SinoPac have agreed to extend a $15 million asset-based revolving line of credit to OSE USA, Inc. and OSE, Inc. The extension moves the loan's maturity date from August 15, 2002, to February 15, 2003. Far East National Bank will serve as the Servicing Agent, while Bank SinoPac will act as the Administrative Agent. The agreement outlines the continued availability of credit under the same terms for the extended period.
EXHIBIT 10.25
| Mr. Edmond Tseng | August 13, 2002 |
OSE USA, Inc.
2221 Old Oakland Road
San Jose, CA 95131-1402
OSE, Inc.
2221 Old Oakland Road
San Jose, CA 95131.;1402
| RE: | Asset Based Line of Credit |
Loan #42592-35665
Dear Edmond,
Far East National Bank is pleased1o inform you that $15MM syndication commercial revolving line of credit for OSE USA, Inc./OSE; Inc. has been extended from August 15; 2002 to February 15, 2003.
Based on the extension, the $15MM commercial line of credit is co-lead by Bank SjnoPac and Far East National Bank. FENB will act as Servicing Agent and Bank SinoPac as Administrative Agent.
Should you have any questions or comments on this arrangement, please do not hesitate to contact the undersigned.
| FAR EAST NATIONAL BANK | ||
| By: | ||
| Charles Tzeng, FVP | ||
