bonso_20f-ex4x1.htm


    Exhibit 4.1

    
 

    Standard
Chartered

    


    


    


    Date:         17th
April 2009

    


    Our
ref:         OCC/LC/TEAM4/BKA

    


    CONFIDENTIAL

    


    Bonso
Electronics Limited

    Unit
1915-1916, 19/F,

    Delta
House,

    3 On Yiu
Street,

    Shek Mun,
Shatin,

    New
Territories.

    


    Attn:  Mr. Anthony
So / Mr. Albert So

    


    Dear
Sirs,

    


    BANKING
FACILITIES

    


    We,
Standard Chartered Bank (Hong Kong) Limited, refer to our letter dated 6th June
2007 setting out the facilities made available to the Customer(s) below, as
varied by our letters dated 4th June 2008, 14th October 2008 and 6th April
2009.

    


    CUSTOMER(S):

    


    Bonso
Electronics Limited

    


    Following
our recent discussions, we are pleased to confirm that the terms of the
facilities will be further varied as follows:

    


    The
General Banking Facilities under this section will be revised as
follows:

    


    B           FACILITY
LIMITS:

    


    (1)   
General Banking Facilities

    

      
        	
                Type(s)
      of Facility

              	
                Facility
      Limit(s)

              	
                Designated
      Customer(s) and

              
	 
      	 
      	
                Sub-limit(s),
      if applicable

              
	
                1.
      Current Account Overdraft

              	
                HKD3,000,000.-

              	
                •
      The Customer

              
	
                2.
      Trade Finance

              	
                HKD40,000,000.-

              	
                -

              
	
                (Please
      refer to Appendix I for

              	 
      	 
      
	
                product
      details.)

              	 
      	 
      
	
                (a)
      Trade Finance Group All

              	 
      	
                •
      The Customer

              
	 
      	 
      	
                (HKD40,000,000.-)

              


      



    Standard
Chartered Bank (Hong Kong) Limited

    Origination
& Client Coverage

    Credit
Risk Control

    11th
Floor Standard Chartered Tower

    388 Kwun
Tong Road Kwun Tong Hong Kong


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    Page
2

    Bonso
Electronics Limited

    


    


      
        	
                (b)
      Trade Finance Group 1

              	 
      	
                •
      The Customer

              
	 
      	 
      	
                (HKD40,000,000.-)

              
	
                (c)
      Trade Finance Group 2

              	 
      	
                •
      The Customer

              
	 
      	 
      	
                (HKD40,000,000.-)

              
	
                (d)
      Trade Finance Group 3

              	 
      	
                •
      The Customer

              
	 
      	 
      	
                (HKD40,000,000.-)

              
	
                3.
      Factoring

              	
                HKD20,000,000.-

              	
                •
      The Customer

              
	 
      	
                (being
      FlU Limit)

              	 
      
	
                Total
      Facility Limit:

              	
                HKD63.000.000.-

              
	
                Note:-

              
	
                The
      aggregate amounts outstanding under all Sub-limits shall not at any time
      exceed the Facility Limit to which the Sub-limits relate and the aggregate
      amounts outstanding under all Facilities shall not at any time exceed the
      Total Facility Limit.

              


      

    

    


    C.          PRICING
AND CONDITIONS:

    


    The
following item under Trade Finance facility is no longer required.

    


    Discounting
of "Documents Against Acceptance" ("D/A") is only available to the approved
drawee by the bank.

    


    


    E.           COVENANTS
AND UNDERTAKINGS:

    


    The
following item to be added to read as follows:

    


    4.  submit
the confirmed sales order figures on quarterly basis within I month from each
quarter end.

    


    A
handling fee of HKD30,000. - will be payable upon our receipt of your acceptance
of this letter.

    


    The
variation(s) set out above will take effect when we have received:

    


    
      	
              ·     
       

            	
              the
      enclosed copy of this letter signed by a director on behalf
      of the Customer(s).

            


    

    


    Please
sign the enclosed copy of this letter and return it to the Bank's Credit Risk
Control at 11th Floor, Standard Chartered Tower, 388 Kwun Tong Road, Kwun Tong,
Kowloon, for the attention of the undersigned within one month after the date of
this letter, after which this offer of variation(s) will lapse. When the
variations take effect, this letter will amend the terms of the existing
facility letter which the Bank has issued to the Customer(s), as set out above.
In all other respects, the terms of the existing facility letter will remain in
full force and effect. This letter will be governed by the laws of Hong Kong
SAR.

    


    


    


    



    
      
         


      

      
         


        
          

        

      

      
         


      

    


    Page
3

    Bonso
Electronics Limited

    


    


    If you
have any queries, please contact our Relationship Manager Ms. Sandra Mak, whose
telephone number is 2821-1876.

    


    We are
pleased to be of service to you and take this opportunity to thank you again for
your custom.

    


    


    Yours
faithfully,

    For and
on behalf of

    STANDARD
CHARTERED BANK (HONG KONG) LIMITED

    


    


    


    
 

    ________________________________

    Katy
Kam

    Senior
Credit Documentation Manager

    


    


    KK/DS
Encl.

    


    


    Agreed.

    For and
on behalf of

    BONSO
ELECTRONICS LIMITED

    


    


    


    


    _______________________________

    Director

    


    


    Each of
the undersigned hereby acknowledge the terms of this facility letter and confirm
that their respective obligations under each guarantee and security document (as
applicable) that they have executed in favour of the Bank will continue in full
force and are not and will not be affected, discharged or varied by the
execution of this facility letter.

    


    


    For and
on behalf of

    BONSO
ELECTRONICS INTERNATIONAL INC.

    


    


    


    


    _______________________________