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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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1.
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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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2.
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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.
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3.
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Party A shall
charge a 0.075% service fee for establishing an import letter of
credit for Party B and Party C; Party A shall charge a 0.05%
service fee for issuing a banker’s acceptance bill for Party
B and Party C; Party A shall charge a 0.05% service fee for
T/
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