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Exhibit 10.24
 

graphic [image2.jpg] UBS Bank USA  
c/o UBS Financial Services Inc.
1000 Harbor Boulevard, 8th FL.
Weehawken, NJ 07086-6761
     
ubs.com/fs

 

000126 UBSBDD11 000000 AXT Inc ATTN: Raymond Low 4281 Technology Drive Fremont,
CA 94538-6339

 
January 17, 2012
 
Notice: Your Credit Line account has been increased
 
Approval amount on your UBS Credit Line account has been increased as detailed
below.
 

Account number 5V 66301 Previous approval amount $3,000,000,00 New approval
amount as of January 13, 2012 $10,000,000.00

 
Please note that the rate on your Credit Line may have changed as a result of
this increase; refer to Schedules I and II in your Credit Line Agreement.
 
Questions
Please contact your Financial Advisor at 1-415-398-6400 if you have questions
regarding your Credit Line account. Thank you for allowing us to serve your
wealth management needs.
 

Sincerely,        /s/ Steve Stewart   Steve Stewart       Senior Vice President
& Chief Credit Officer    UBS Bank USA  

 
Disclosure
Loans made through a Credit Line are extended solely at the discretion of UBS
Bank USA under the terms of the§
Credit Line Agreement (Agreement), This is not a committed loan facility and UBS
Bank USA is not obligated to you or any third party to satisfy your borrowing
requests. UBS Bank USA Credit Line loans may not be used to purchase, carry, or
trade in securities, or pay debt that was used to purchase, carry, or trade in
securities, Payment of principal prior to the end of a fixed rate contact may
result in prepayment fees, Changes in the value of the collateral supporting
your Credit Line, as well as other factors described in the Agreement, may limit
your ability to access funds from your Credit Line, Reliance on this letter by a
third party for any reason shall in no way create any obligation upon UBS Bank
USA to such third party,
 
UBS Bank USA and UBS Financial Services Inc. are a subsidiaries of UBS AG
Package ID: 0018589843 - 01E
 
 

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