Exhibit 10.52
Comprehensive Credit Line
Agreement
Agreement
No.
Credit Receiver (hereinafter
called ‘Party A’): MULTI-FINELINE ELECTRONIX (SUZHOU)
CO., LTD
Legal address: Suning Industrial
Estate Block, Wuzhong Economic Development Zone,
Suzhou.PRC
Contact Address: Suning
Industrial Estate Block A&B, Wuzhong Economic Development Zone,
Suzhou.PRC
Credit Issuer (hereinafter called
‘Party B’): SHANGHAI PUDONG DEVELOPMENT BANK
SUZHOU BRANCH
Legal address: NO.1478 Renmin
Road, Suzhou.PRC
Contact Address: NO.1478 Renmin
Road, Suzhou.PRC
According to pertinent stipulations
by laws and regulations, such as the “Commercial Bank Law of
the People’s Republic of China” and the
‘Provisional Rules on the Administration of Power of Attorney
and Credit Line Authorization by Commercial Banks’, Party A
and Party B have, on the basis of equality, self-willingness and
honesty and good faith, concluded the following agreement for
mutual compliance through friend consultation.
Chapter
One Definition and
Interpretation
Article 1 Except requested for other
interpretation by the context herein, the following terms in this
Agreement shall be interpreted as follows:
Party A: refers to MULTI-FINELINE
ELECTRONIX (SUZHOU) CO., LTD.
Party B: SHANGHAI PUDONG
DEVELOPMENT BANK SUZHOU BRANCH, including its successor.
Comprehensive credit
line: refers to
conditional credit support to Party A committed by Party B in one
or a few credit categories.
Duration of Credit:
refers to the period, from 31 July,
2009 to 31 July, 2010 , in which Party A may apply to Party B
for recycled use of its comprehensive credit line; however, the
terminating date of the duration of credit shall not be interpreted
as the maturity or expiration date for any one or more specific
credit transactions that have already happened.
Specific Transaction:
refers to businesses transactions
offered by Party B to Party A based on the comprehensive credit
line granted by Party B, such as short-term cash flow loan,
acceptance of Banker’s acceptance drafts, and issuing of L/C
for goods import, etc. (for each Banker’s acceptance draft/
L/C issuing, a deposit amounting to 0% of the face value of this
bank draft or L/C will be paid).
Comprehensive Credit
Line: refers to the total
balance amount, combining the balance at the peak of short-term
cash-flow credit principals that Party A may apply to Party B for
use according to terms herein during the credit period stipulated
in this Agreement, based on the comprehensive credit line to Party
A as determined by Party B, and the balance at the peak of total
open position (i.e. cumulative open positions) for the
banker’s acceptance draft/import L/C opening.
The signing of this Contract does
not necessarily mean that the Credit Receiver must be given the
credit according to the credit line. If the Credit Receiver wants
to use the credit line under this Contract, it shall make
applications case-by-case by using the Appendix One hereto, i.e.
‘Application Form for the Use of Comprehensive Credit
Line’. Only with agreement by the Credit Issuer, plus its
signing of a specific business contract, can the Credit Receiver
start to use the credit line.
Open Position:
refers to the amount of balance
after deducting the paid deposit for the banker’s acceptance
draft / import L/C from the face value of the same banker’s
acceptance draft / the full value of the import L/C.
Specific Credit Line:
refers to the balance amount at the
peak of short-term cash-flow credit principals that Party A can use
during the credit period hereunder within the comprehensive credit
line, or the balance of maximum total open position (i.e.
cumulative open positions) of the banker’s acceptance draft
accepted by Party B or the L/C issued by Party B that can be used
by Party A. Name of the specific credit line shall be determined by
each business product. For instance, short-term credit line,
acceptance credit line and L/C opening credit line, etc.
Used Credit Line:
refers to Party A’s balance of
principals for outstanding short-term cash-flow loans occurred
during the credit period as set forth herein, or the total balance
of the banker’s acceptance draft already accepted by Party B
for Party A’s credit business but not yet paid, or the total
balance of open position for the L/C already issued by Party B for
Party A’s credit business but not yet paid. Except otherwise
stipulated in writing by the two Parties hereto, the used credit
line shall not exceed the specific credit line for a certain
business.
Applicable Credit
Line: refers to the
difference between the specific credit line for certain business of
Party A and the credit line already used for this
business.
Specific Business
Contract: refers to
contracts or agreements signed by Party A and Party B regarding the
use of specific credit line, including but not limited to
application form and its appendixes submitted by Party A and
approved and committed by Party B for certain specific businesses,
as well as series of ‘short-term loan contract’,
‘acceptance agreement on banker’s acceptance
draft’ and ‘L/C Opening Agreement for Imported Goods
with Deposit Exemption or Reduction’ signed between Party A
and Party B.
Actual Happening Date:
refers to the commencing date for
actual operations when a certain business transaction has been
applied for by Party A and approved by Party B. Actual happening
date of the credit business refers to the date on which the loan is
issued; actual happening date of the acceptance business for
banker’s acceptance draft refers to the accepting date, and
that of the import L/C opening business refers to the date the L/C
is issued.
Chapter
Two Comprehensive Credit Line and Specific
Credit Line
Article 2 During the credit period
defined herein, Party A may apply to Party B for the use of its
comprehensive credit line, i.e. RMB SEVENTY FIVE MILLION
ONLY (in words).
Article 3 Specific credit line (if
distinguishable) is as follows:
Credit line: RMB/USD N/A ONLY
(in words);
Acceptance line: RMB N/A ONLY
(in words), i.e. the maximum balance amount of the total open
position (i.e. cumulative sum of each open position) for the
banker’s acceptance draft accepted by Party B and useable by
Party A shall not exceed RMB N/A ONLY (in words).
L/C opening limit: RMB/USD
N/A ONLY (in words), i.e. the maximum balance amount of the
total open position (i.e. cumulative sum of each open position) of
the L/C issued by Party B that can be used by Party A shall not
exceed RMB/USD N/A ONLY (in words).
Chapter
Three Duration of Credit
Article 4 The duration for
comprehensive credit
