EX-10.1
from 8-K
4 pages
Re: Facility Letter We, China Merchants Bank Co., Ltd., Hong Kong Branch ( the "Bank" ), Are Pleased to Offer You ( the "Borrower" ) the General Banking Facilities ( "Facilities" ) on the Following Terms and Conditions. in This Facility Letter, Words Importing the Plural Shall Include the Singular and Vice Versa. 1. Facilities 1.1 Facility I Facility II the Facilities Are Available From January 1, 2011 Up to the Earlier of (I) October 8, 2011 or (II) 5 Banking Days Before Expiry Date of the Bank Guarantee Issued by China Merchants Bank Co., Ltd., Shanahan Branch ("Facility II Maturity Date") by Way of the Following:- A) Irrevocable Letters of Credit ( "Lc" ) B) Loans Against T/R (Up to 180 Days) ("Tr" ) C) Invoice Financing Loan (Up to 180 Days) ( "1fl" ) With Total Facility Amount of Usd20,000,000.00 or the Aggregate Amount of the Bank Guarantee, Whichever Is Lower
12/34/56