Unassociated Document


    

      [For
Short-term Prime]

       

      Special
Overdraft Agreement

       

                 October
31, 2007

       

      
        	
                TO:  Mizuho
      Bank

                 

                [Revenue
      Stamp]

              	
                108-0075

                2-13-29
      Konan, Minatoku, Tokyo

                Canon
      Staar, Inc.

                Hiroya
      Shibuya, Representative Director

                [Official
      Stamp]

              


      

       (Note)  Stamp
if different from loan transaction stamp

       

      


       

      I
(hereafter debtor) hereby commit to the following loan clauses and the agreement
other than each clause of the separately agreed bank transaction agreement
regarding the overdraft transaction with Mizuho Bank, Inc. (hereafter
Bank).

       

      (Loan
Summary)

       

      
        
          	
                  1

                	
                  Overdraft
      Limit

                	
                  ¥400,000,000

                	
                  Place
      “¥” in front of the amount

                
	
                  2

                	
                  Overdraft
      Rate

                	
                  1.875%
      per year

                	
                  Calculated
      daily based on 365 days per year

                
	
                  3

                	
                  Designated
      Deposit Account

                  Saving
      Acct for Payments

                	
                  [Branch]

                  Hamamatsucho

                	
                  [Type]

                  Regular

                	
                  [Account
      #]

                  1437291

                	
                  [Account
      Holder’s Name]

                  Self

                
	
                  4

                	
                  Expiration

                	
                  April
      30, 2009

                	 
      	 
      	 
      


        

[Agreement]

       

      1.  (Overdraft Limit
Amount) The overdraft Limit is set forth as in Loan Summary
1.

       

      2.  (Transaction
Method):

       

      (1) When
the debtor uses the overdraft based on this agreement, debtor shall notify the
bank in advance to get the consent of the bank.

       

      (2) When
bank’s consent is obtained, the debtor receives the overdraft by submitting
overdraft payment request specified by the bank.

       

      (3) The
transaction by this agreement is limited to the overdraft transactions, and
withdrawal or receipt of check, note or automatic payment of public fees will
not be allowed.

       

      3.  (Expiration)

       

      The
transaction by this agreement has an expiration set forth in Loan Summary
4.  However, if no specific intention is expressed either by the
debtor or the bank by the expiration date, expiration can be extended for one
year and will be the same thereafter.

       

      4.  (Interest
• Damage)

       

      (1)
Interest for overdraft is stipulated by the rate set forth in Loan Summary 2,
and its  calculation method and payment dates will be set by the
bank.

       

      (2) In
case of default, damage at the rate of 14% per year towards the due amount will
be paid.  And the calculation method for damage is set by the
bank.

       

      (3) Bank
can take the direct debit for the interest calculated by the method and term
agreed with other banks as well as the damage from the saving account of the
debtor stipulated in the Loan Summary 3.  In this case, despite the
short-term account clauses or regular saving clauses, short-term check or
regular savings passbooks and payment request will not be
submitted.

       


      
        
           


        

        
           


          
            

          

        

        
           


        

      


      


       

      5.  (Payment)

       

      (1) The
payment for the overdraft will be paid on the payment date agreed with the other
bank in the amount agreed with the other bank.

       

      (2) Bank
can take direct debit of the payment from the debtor’s saving account towards
the overdraft principal.  In this case, despite the short-term account
clauses or regular saving clauses, short-term check or regular savings passbooks
and payment request will not be submitted.

       

      6.  (Instant
Payment)

       

      (1) When
any of the following events happens with the debtor, overdraft principal payment
is considered due even if there is no such notification from the bank and the
debtor shall immediately pay.

       

      1. Stop
payment, bankruptcy, start of civil rehabilitation, corporate reorganization,
settlement or liquidation is filed

       

      2.
Transaction is suspended by a clearing house

       

      3. Debtor
or co-signer’s savings and other liabilities for other banks are temporarily
attached, attached for security, or such order or notice is sent

       

      4.
Debtor’s address becomes unknown due to the reason attributable to the
debtor.

       

      (2) When
any of the following events happens with the debtor, overdraft principal payment
is considered due as soon as billed by the bank and the debtor shall immediately
pay.

       

      1. Even a
part of the liability to the bank is delinquent

       

      2.
Collateral is attached or the auction has started.

       

      3. There
is a breach of agreement with the bank

       

      4. When
anything of this or previous clause is applicable to the cosigner

       

      5.
Significant reason arises to negatively impact the payment of debtor’s
liabilities other than the items above.

       

      (3) Per
previous clauses, when the bill from the bank is delayed or does not arrive due
to the reasons attributable to the debtor such as when debtor neglects to notify
change of address, the payment of overdraft principal is considered due as of
when it would have normally arrived.

       

      7.  (Amount
Reduction, Stop, Cancelation)

       

      (1) When
there is change in financial situation, securities, or other significant reason,
the bank can always reduce the limit, stop overdraft, or can cancel the
agreement despite the stipulation in 3.

       

      (2) When
the transaction per this agreement finishes or overdraft is stopped, the
overdraft principal shall be immediately paid. Also, even when the limit is
reduced, the debtor shall pay the overdraft, which may exceed the reduced
limit.