Banking Facilities Agreement - Standard Chartered Bank and Bonso Electronics Ltd.
150 years STANDARD
with you CHARTERED
Date: 8th April 2003
Our ref: C&I/LC/TEAM3/BKH
CONFIDENTIAL
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Bonso Electronics Ltd.
Units 1106-1110
11/F., Star House
3 Salisbury Road
Tsimshatsui
Kowloon
Attn.: Mr. Anthony So/Ms. Cathy Pang
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Dear Sirs,
BANKING FACILITIES: BONSO ELECTRONICS LTD.
We refer to our letter dated 5th March 2001 setting out the facilities made
available to your company (the "Company"), as varied by our letters dated 11th
May 2001 and 17th May 2002.
Following our recent discussions, we confirm that the terms of the facilities
have been further varied as follows:
STANDBY LETTER OF CREDIT - HKD15,000,000.00 (previously HKD20,000,000.00)
The amount of this facility is reduced from HKD20,000,000.00 to HKD15,000,000.00
The tenor is one year up to 10th May 2003.
DOCUMENTATION
The following documentation is no longer required:
o All monies charge over deposits held by the Company with the Bank in
an amount of not less than HKD5,000,000.00
(10% extra margin required for major foreign currency deposits. The
Bank reserves the right to require a higher margin.)
An arrangement fee of HKD10,000.00 will be debited to your current account.
Standard Chartered Bank
Corporate & Institutional Banking
Credit Operations
11 th Floor Standard Chartered Tower
388 Kwun Tong Road Kwun Tong Hong Kong
Incorporated in England with limited liability by Royal Charter 1853
The principal office of the Company is situated in England at 1 Aldermanbury
Square London EC2V 79B Reference Number ZC 18
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Bonso Electronics Ltd. Page 2
This letter will amend the terms of the existing facility letters which the Bank
has issued to the Company as previously varied, as set out above. In all other
respects, the terms of the existing facility letters as previously varied will
remain in full force and effect. This letter will be governed by Hong Kong SAR
law.
If you have any queries, please contact our Senior Relationship Manager Mr.
Joseph Ng, whose telephone number is 2821-1810.
We are pleased to be of service to you and take this opportunity to thank you
again for your custom.
Yours faithfully,
For and on behalf of STANDARD CHARTERED BANK
/s/ Anita Poon
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Anita Poon
Senior Credit Documentation Manager
AP/ky