BANK AND COMPANY COOPERATION AGREEMENTCooperation Agreement |
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Exhibit 10.12
Bank and Company Cooperation Agreement
Wu Zhong Yin Zi No. 0361160
Party A: Bank of China Suzhou City Wuzhong Branch
Legal representative or person in charge: Liu Li
Residence: No. 110 Dongwu North Road, Suzhou
Method of contact: 65259268
Party B: Multi-Fineline Electronix (Suzhou) Co., Ltd.
Legal entity business license No.: 005874
Legal representative: Xu Jiading
Residence: Suning Industrial District, Wuzhong Economic Development Zone
Method of contact: 65638146
In order to develop a long-term, stable and mutually beneficial business cooperation relationship, Party A and Party B have reached the following intention for cooperation through negotiations in accordance with the principle of free will, equality, mutual benefit and integrity:
Provision One Opening and Retaining Bank Account
Party A and Party B have reached an agreement through negotiations that Party B shall select Party A as the lead bank to conduct its financial business. Party B will open and retain corresponding account(s) at Party A.
Provision Two Credit Extension and Financing Arrangement
Party A agrees that, under the conditions of meeting the internal risk management system of Party A and of execution in accordance with the relevant business operation procedures of Party A, the total balance that Party B gets from Party A for various credit extensions and financing arrangements (when
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converted into RMB) may reach but shall not exceed (in words) 165 million yuan, in which 60 million yuan shall be used for Plant 1; 40 million yuan shall be used for Plant 2; and 65 million yuan shall be used for Plant 3. The total credit extension investment from Party A shall match the registered capital investment as made by Party B for Plant 2 and Plant 3.
The credit extension and financing as mentioned in the previous paragraph refer to various loans, draft acceptance, security, establishment of letter of credit to external parties and other forms of fund accommodations and credit support, and Party A agrees on the request of Party B for earlier return of the loans.
Provision Three Service Content of Party A
(I) In order to implement the credit extension and financing arrangement as mentioned in Provisi






