BANK AND COMPANY COOPERATION AGREEMENTCooperation Agreement |
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MULTI FINELINE ELECTRONIX INC | Multi-Fineline Electronix (Suzhou No. 2) Co. Ltd. | Shanghai Pudong Development Bank Suzhou Branch. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.16
Bank and Company Cooperation Agreement
Pu Su Gong Jin No.: 2004015
Party A: Shanghai Pudong Development Bank Suzhou Branch
Party B: Multi-Fineline Electronix (Suzhou No. 2) Co. Ltd.
Party C: Multi-Fineline Electronix (Suzhou) Co., Ltd.
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Party A shall provide a comprehensive credit extension of US$20 million to Party B and Party C: the line for Party B shall be guaranteed by Multi-Fineline Electronix (Suzhou) Co., Ltd., while the line for Party C shall be in the form of credit. Within this line, the company may use the capital at its own discretion, which may be in forms such as US dollar loans, RMB loans, banker’s acceptance bill and establishment of import letter of credit. |
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Within the line as mentioned above, Party A shall provide to Party B and Party C the prime lending rate in accordance with the capital conditions in the market. Currently, the prime lending rate in the market for RMB is the state rate of People’s Bank of China, and US dollar lending rate is LIBOR+0.75%. If the actual interest rate drops below the interest rate as mentioned above due to market changes, the lower interest rate shall be implemented. |
