Document:

exv10w67

 

Exhibit 10.67

16th August 2006

Mrs Lee Soon Siew Kuan

Vice President-Logistics

Trio-Tech (SIP) Co., Ltd

No. 5 Xing Han Street, Block B #06-01/02, Room 6

FAX No. 65-62596355

Dear Mrs. Lee

RENTAL OFFER FOR READY-BUILT FACTORY (RBF) FLATTED FACOTRY — H1 TYPE BLOCK A #04-11/12 (335
SQM) AT NO. 5 XING HAN STREET (PREMISES) IN SUZHOU INDUSTRIAL PARK (SIP)

	1.	 	As requested, we are pleased to forward herewith the rental offer for above said
premises for your acceptance.
	 
	2.	 	The main terms and conditions are as follows:

	 	 	 
	Premises

	 	: Block A #04-11/12
	Address

	 	: No. 5 Xing Han Street
	Building Type

	 	: H1 Flatted Factory
	Floor Area

	 	: 335 square meters
	Term of Tenancy

	 	: Two (2) years and Two (2) Months
	 

	 	   (including two months rent free period)
	Rent Free Period

	 	: Two (2) months rent free period (one each at
the beginning and end of the lease term)
	Rental Rate

	 	: RMB 20 per sqm per month
	Facility Charge

	 	: RMB 15 per sqm per month
	Service Charge

	 	: RMB 8.30 per sqm per month
	Remarks

	 	: Offer subject to availability

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3383
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	3.	 	Please sign and stamp on the last page of the attached Letter of Rental Offer
and return it to us.
	 
	4.	 	Please do not hesitate to contact us if you have any queries.

Yours faithfully,

Karen Tee

Deputy General Manager

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

RENTAL OFFER FOR READY-BUILT FACTORY (RBF) FLATTED FACOTRY — H1 TYPE BLOCK A #04-11/12 (335
SQM) AT NO. 5 XING HAN STREET (PREMISES) IN SUZHOU INDUSTRIAL PARK (SIP)

We are pleased to offer a tenancy of the Premises subject to the following terms and
conditions:-

	1.0	 	Description of Premises
	 
	1.1	 	Property
	 
	 	 	Block A (H1 Series) Flatted Factory in Phase 1, which had been mortgaged to the Bank
of China (“Bank”) for the Landlord’s financing purpose.
	 
	1.2	 	Location
	 
	 	 	No.5 Xing Han Street, Block A, Postal Code 215021, Suzhou Industrial Park, People’s
Republic of China.
	 
	1.3	 	Built-up Area of RBF
	 
	 	 	Approximately 335 square meters.
	 
	2.0	 	Term & Rent Free Period
	 
	2.1	 	Term of the Tenancy
	 
	 	 	For the Premises, the lease term is Two (2) years and Two (2) months commencing from
the date of possession (handover).
	 
	2.2	 	Rent Free Period
	 
	 	 	There shall be Rent Free Periods totaling two months in parts:-

	 	a)	 	First Rent Free Period is commencing from date of possession;
	 
	 	b)	 	Second Rent Free Period is at the end of lease term.

	 	 	 	The First Rent Free Period and Second Rent Free Period shall collectively call Rent Free
Period during which you shall not be required to pay Rent. However, you are required to pay
the Facilities Charge and the Service

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	 	 	Charge at the rate stipulated in Clause 3.4 respectively and all other charges (if
any).
	 
	 	 	The Rent Free Period is part of the special package granted to you and in the event that
the Tenancy is prematurely terminated due to the fault of you, Rent shall become payable
immediately for the enjoyed Rent Free Period at the rate stated in Clause 3.1 hereof.
	 
	2.3	 	Rent Period
	 
	 	 	A period of Twenty Four (24) months commencing from the Possession (handover) Date.
	 
	3.	 	Rent, Facilities Charge, Service Charge & Deposits
	 
	3.1	 	Rent
	 
	 	 	At the yearly rent of RMB Yuan Eighty Thousand Four Hundred Only (RMB 80,400.00) to be
paid by equal quarterly installments of RMB 20,100.00 each without demand and in advance
without deduction on the 1st day of each of the months of January, April, July and October
(“the Due Date”) in every year of the Term the first of such payments to be made as
stipulated in the Tenancy Agreement at our office or at such other offices as we may
designate calculated at the rental rate of RMB 20.00 per square metre per month of the
Built-up Area of the Premises. The Rent shall be payable with effect from the Possession
Date.
	 
	3.2	 	Facilities Charge
	 
	 	 	At the rate of RMB Yuan Sixty Thousand Three Hundred Only (RMB 60,300.00) per annum
payable in advance on the same dates and in the same manner as for Rent by quarterly
installment of RMB 15,075.00 calculated at the rate of RMB 15.00 per square meter per month
of the Built-up Area of the Premises as charges for the facilities provided by us,
including provision of power supply system, water supply system, sewer discharge system to
the Building and bicycle parking etc.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	3.3	 	Security Deposit
	 
	 	 	At an amount equivalent to three (3) months’ Rent and Facilities Charge of RMB Yuan
Thirty Five Thousand One Hundred and Seventy Five Only (RMB 35,175.00), based on RMB 35
psm/month (i.e. RMB 20+RMB15) shall be paid in cash upon signing of this Letter of Offer by
telegraphic transfer/cash payment.
	 
	 	 	The Security Deposit shall be the security deposit as required under the Tenancy Agreement
and shall not at any time be deemed as payment of all or any part of the Rent and shall be
used in accordance with the provisions herein contained and against the breach of the
Tenancy Agreement. In the event that after the commencement of the tenancy, you, for
whatever reasons fail to complete the full Term of the tenancy, we shall be entitled to
forfeit the Security Deposit.
	 
	3.4	 	Service Charge
	 
	 	 	At the rate of RMB Yuan Thirty Three Thousand Three Hundred and Sixty Six Only (RMB
33,366.00) per annum payable in advance on the same dates and in the same manner as for
Rent by quarterly installment of RMB 8,341.50 calculated at the rate of RMB 8.30 per square
meter per month of the Built-up Area of the Premises as charges for estate management
services undertaken by us.
	 
	3.5	 	Utility Deposit
	 
	 	 	The Utility Deposit shall be in cash for the sum equivalent to three (3) months of the
Rent and the Facilities Charge RMB Yuan Thirty Five Thousand One Hundred and Seventy Five
Only (RMB 35,175.00) based on RMB 35 psm per month to serve as a security of your due
performance of your obligation to pay all utility-related charges under the Tenancy
Agreement. The Utility Deposit shall be valid from the Date of Possession of the Premises
until at least ninety (90) days after the expiry of the Term.
	 
	3.6	 	Stamp Duties/Legal Fees/Other Government Taxes
	 
	 	 	The Rent quoted above is inclusive of land use fees, property tax and connection and
enhancement fees for water, electricity and sewerage for the

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	 	 	Premises up to the capacity stated in the Tenancy Agreement which have been paid
upfront by us to the Chinese Authorities.
	 
	 	 	However, you are required to bear your own legal fees, governmental taxes and stamp fees
incurred for this tenancy transaction unless otherwise dictated by the Chinese laws.
	 
	3.7	 	Currency for Payment
	 
	 	 	The Rent, Facilities Charge, Security Deposit, Service Charge and any sum payable
under this offer or the Tenancy Agreement, shall be paid in Renminbi (“RMB”)
	 
	3.8	 	Interest
	 
	 	 	The Tenant shall pay interest at the rate of five per cent (5%) above the prevailing
12-month working capital lending rate of the People’s Bank of China in respect of any
outstanding monies due and payable under the Tenancy from the due dates until full payment
is received by the Landlord.
	 
	4.0	 	Additional Terms
	 
	4.1	 	Usage
	 
	 	 	Your usage of the Premises shall be subject to the approval of the Suzhou Industrial
Park Administrative Committee and other relevant authorities.
	 
	4.2	 	Electrical Design Load
	 
	 	 	The maximum electrical design load that applies to the Premises is 250 VA per square
metres (“the design load”). The tenant shall at its own cost and expense, be responsible for
the engineering connections from the building to the premises. Should you require additional
electrical load, we may at our discretion arrange for such higher electrical load to be
supplied to the Premises and the costs of such arrangement shall be borne by you. In
addition, you shall bear the additional fees or such fees to be imposed by the Chinese
authorities and any charges and expenses in relation to the increased load.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	4.3	 	Restoration of the Premises
	 
	 	 	Immediately prior to the termination of the Term of tenancy, you shall restore the
Premises in all respects to its original state and condition at the Date of Possession, if
so required by us. The restoration works shall include but not limited to the demolition
of any structure or building constructed by you therein, redecoration and painting the
interior of the Premises to our satisfaction.
	 
	 	 	In the event that you fail in any way to observe or perform your obligations as provided
in this Clause, without prejudice to any other rights and remedies we may have against
you, we may:

	 	(a)	 	execute such work for such restoration and redecoration; and
	 
	 	(b)	 	recover all costs and expenses thereof from you including the Rent, Service Charge, tax and other amounts which we would have been
entitled to receive from you had the period within which such
restoration and redecoration are effected by us been added to the
Term of tenancy.

	 
	4.4	 	Further Term
	 
	 	 	On your written request made not less than three (3) months before the expiration of
the Term of tenancy and if there shall not at the time of such request be any existing
breach by you of any of the terms and conditions of the Tenancy Agreement, we shall grant
you, at your cost and expense, a further lease term as may be permitted under the laws of
the PRC and agreed mutually by the parties in writing at the revised rent and facilities
charges to be determined by us but any increase in rent and facilities charge shall not
exceed 30% of the current Rent and the Facilities Charge and containing, inter alia, the
terms and conditions of the Tenancy Agreement subject to such variations or modifications
as may be imposed by us with the exception of and without the present provision for
renewal.
	 
	4.5	 	Force Majeure
	 
	 	 	In the event that any of the parties shall be rendered unable to perform within the
stipulated time the whole or any part of its obligations under this offer by reason of
Force Majeure, the time limit for the performance of this offer or any provision thereof
shall be extended for a period corresponding to the effects

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

of such Force Majeure, Force Majeure refers to any occurrence beyond the reasonable
control of the Parties such as:

	 	(i)	 	fire, flood, storm, typhoon, explosion, landslide, tempest, earthquake or
any natural calamities;
	 
	 	(ii)	 	war, riot, civil commotion or unrest, military actions or similar events
in the Estate or Suzhou Municipality.

	 	 	The party affected by the event of Force Majeure shall inform the other party in the
shortest possible time after the occurrence of such event and provide the other party with
documents sufficiently evidencing the cause, nature and severity of the occurrence of such
event as soon as possible.
	 
	 	 	Upon the occurrence of an event of Force Majeure, the parties shall use their best
endeavours to reduce the effects of such event on the performance of this offer to a
minimum.
	 
	4.6	 	Non Assignability Or Transfer Of Rights Under This Offer
	 
	 	 	You shall not assign, transfer, part with or share your interest under this offer
without our prior written consent.
	 
	4.7	 	Confidentiality
	 
	 	 	You shall agree to keep this offer and all information exchanged in connection
therewith confidential at all times.
	 
	 	 	You shall further agree to co-ordinate with each other on all press releases and other
public announcements to be made in connection with this offer.
	 
	4.8	 	Settlement of Dispute
	 
	 	 	Any dispute arising from the Agreement shall be settled amicably. Failing such
amicable settlement, then the dispute shall be settled by proceedings in the courts of
Suzhou.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

	4.9	 	Possession Date
	 
	 	 	You shall be required to take possession of the Premises on the same date as Unit Block A
#04-13/16 or such other later date as may be mutually agreed in writing (“the Expiry
Date”), failing which we shall be entitled to forfeit the Security Deposit whereupon this
offer shall cease to have any legal or other effect whatsoever and we shall be completely
discharged and released from any liability, obligation, responsibility or duty whatsoever
whether arising from or in connection with this offer or otherwise and you shall not have
any claim, action, remedy or recourse whatsoever against us.
	 
	5.0	 	Validity of Offer & Execution of Tenancy Agreement
	 
	5.1	 	Tenancy Agreement
	 
	 	 	The lease for the premises shall be incorporated and execute under same Tenancy Agreement
for Block A #04-13/16 on or before two months from the date of possession, or such other
later date as may be mutually agreed in writing (“the Expiry Date”), failing which we
shall be entitled to forfeit the Security Deposit. Provided that in the event that we are
unable for any reason whatsoever to execute the Tenancy Agreement on or before the Expiry
Date, we shall return the Security Deposit without interest to you whereupon this offer
shall cease to have any legal or other effect whatsoever and we shall be completely
discharged and released from any liability, obligation, responsibility or duty whatsoever
whether arising from or in connection with this offer or otherwise and you shall not have
any claim, action, remedy or recourse whatsoever against us.
	 
	 	 	The Tenancy Agreement shall include the terms of this offer and forthwith upon acceptance
of this offer, you may commence negotiation with regard to the remaining terms and
conditions of the Tenancy Agreement other than the terms of this offer.
	 
	5.2	 	Mode of Acceptance
	 
	 	 	This offer shall lapse if we do not receive all of the following by 21 August 2006.

	 	a.	 	Letter of acceptance;
	 
	 	b.	 	Payment of the three (3) months Security Deposit.
	 
	 	c.	 	Certificate of incorporation or a copy of Business License, when available.
	 
	 	d.	 	Payment of the three (3) months Utility Deposit.

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.com

 

 

For payment, our bank account details are as follows:

	 	 	 
	Payee’s Name

	 	: ASCENDAS-XINSU DEVELOPMENT (SUZHOU) CO., LTD.
	USD Account No

	 	: 412-08415208096014
	RMB Account No

	 	: 412-08415208091001
	Bank

	 	: Bank of China Suzhou Industrial Township Sub-Branch

	 	 	 
	 

	 	Ascendas-Xinsu Development
	 

	 	(Suzhou) Co Ld
	 

	 	5 Xing Han Street Block E
	 

	 	Suzhou 215021
	 

	 	Telephone (86) 512 6761 3388
	 

	 	Facsimile (86) 512 6761 9141
	 

	 	Website www.ascendas.comexv10w68

 

Exhibit 10.68

	 	 	 	 	 
	Our Ref

	 	: 2007/1224/0017
	 	 
	 
	 	 	 	 
	Date

	 	: 4th April 2007	 	 

TRIO-TECH (MALAYSIA) SDN BHD

Lot 11A, Jalan SS8/2

Sungai Way Free Industrial Zone

47300 Petaling Jaya

Selangor Darul Ehsan

Attention:
Mr. Yong Siew Wai

Dear Sir/Madam,

RE: BANKING FACILITY

We are pleased to inform you that CIMB Bank Berhad has approved the following
banking facility subject to the following terms & conditions.

	 	 	 
	Lender

	 	: CIMB Bank Berhad (the
Bank/BCB) [13491-P]
	 

	 	  Formerly known as Bumiputra-Commerce Bank Berhad
	 
	 	 
	Borrower

	 	: Trio-Tech (Malaysia) Sdn Bhd (the Borrower/Trio)

	1.	 	BANKING FACILITY
	 
	1.1	 	BANK GUARANTEE-(BG)

	 	 	 	 	 	 	 
	 

	 	Limit
	 	:
	 	RM300,000.00 (Ringgit Malaysia : Three Hundred
Thousand Only)
	 
	 	 	 	 	 	 
	 

	 	Tenor
	 	:
	 	Revolving subject to review on expiry of Guarantee.
	 
	 	 	 	 	 	 
	 

	 	Purpose
	 	:
	 	For the issuance of performance and tender bid
bonds, supplies and financial guarantees favouring
Government, statutory bodies and reputable companies
acceptable to the Bank.
	 
	 	 	 	 	 	 
	 

	 	Commission
	 	:
	 	0.15% per month or part thereof or a minimum of
RM100.00 per issuance payable upfront and is
non-refundable.
	 
	 	 	 	 	 	 
	 

	 	Cancellation of BG
	 	:
	 	The original BG is to be returned to the Bank upon
expiry or alternatively, a letter from the
beneficiary informing the Bank that it has no
further claim on the BG will suffice, failing which
a further commission will be charged on a monthly
basis.
	 
	 	 	 	 	 	 
	 

	 	Additional Commission
	 	:
	 	Where a BG is not returned within a stipulated given
period, additional commission of 0.15% per month
shall be charged from the date of expiry to date of
return or on receipt of notification from the
beneficiaries that the Bank is no longer liable
under the BG. Such commission, which is
non-refundable, shall be charged every 6 months.

Authorised Signature(s)

CIMB Bank Berhad (13491-P) (formerly known as Bumiputra-Commerce Bank Berhad)

2nd Floor West Wing Wisma Consplants 2 No.7 Jalan SS16/1 47500 Subang Jaya Selangor Darul
Ehsan Malaysia

Tel: (603) 5638 1353 / 5621 3207 Fax: (603) 5632 2521 www.cimb.com

 

 

	 	 	 	 	 	 	 
	 

	 	 Event of Claim and Penalty Rate
 Of Interest
	 	:
	 	In the event of any claim
made under the BG, the Bank is entitled to the right of immediate settlement on demand
and to debit the Borrower’s account for the same, failing which the Bank shall charge
interest on such amount at a rate of 3.50% p.a. above the prevailing BLR, such interest to
be calculated from the date of claim until date when payment is received by the Bank.

	2.	 	SECURITY ARRANGEMENT

	 	(a)	 	Pledge of First party Fixed Deposit (FD) registered in the name of Trio-Tech
(Malaysia) Sdn Bhd for RM 300,000 to be place on lien to the Bank with capitalization of interest.
(Registration with CCM is required)
	 
	 	(b)	 	Memorandum of Deposit of Fixed Deposit Receipt and Letter of Authorisation to be
duly executed and stamped.

	3.	 	LIABILITY
	 
	 	 	Notwithstanding anything to the contrary, in no event will the measure of
damages payable by the Bank include, nor will the Bank be liable for any amount for
loss or income or profit or savings or indirect, incidental, consequential,
exemplary, punitive or special damage of the borrower even if the Bank has been
advised of the possibility of such damages in advance, and all such damages are
expressly disclaimed.

	4.	 	CONDITIONS PRECEDENT TO UTILISATION OF FACILITY

	 	a)	 	Upon submission of the duplicate copy of this Letter of Offer having been duly
accepted and returned to the Bank accompanied by the borrower’s Board of Directors’ Resolution (duly certified by
the company’s secretary) authorizing acceptance of the above banking facility together with the terms and
conditions and stating the person or person(s) authorised to sign the Letter of Offer and other related documents
and to operate the facilities from time to time together with their specimen signature(s).
	 
	 	b)	 	Upon completion of all legal documentation and formalities relating to the terms
and conditions to the satisfaction of the Bank.
	 
	 	c)	 	Processing Fee of RM200 upon acceptance of Letter of Offer.

	5.	 	AVAILABILITY CLAUSE
	 
	 	 	The facilities are subject to periodic review, usually on annual basis. In
any case, facilities not availed within six months from the date of this Letter of
Offer will be deemed cancelled.

	6.	 	AFFIRMATIVE COVENANTS
	 
	 	 	Borrower agrees herewith to perform the following throughout the availability of the
said banking facilities.

	 	(a)	 	To furnish the Bank with such financial and other information as may from
time to time be required by the Bank.
	 
	 	(b)	 	To provide management account on a monthly basis and audited financial
statements to the Bank within six (6) months of the end of each financial period.

Authorised Signature(s)

2

Trio-Tech (Malaysia) Sdn Bhd

 

	 	(c)	 	To inform the Bank within a reasonable time period of any material changes to
borrower’s business, which includes a change in the business name, majority ownership,
capital structure and/or reconstruction or merger, which would affect borrower’s
business, assets or conditions.

	7.	 	PRINCIPAL NEGATIVE COVENANT
	 
	 	 	Borrower agrees herewith not to perform the following throughout the tenor of the above
banking facilities without the prior written consent of the Bank :

	 	(a)	 	Change in its control, ownership, shareholders, directors or corporate structure
and / or undertake a scheme of reconstruction or merger which would affect the Borrower’s business, assets
and / or condition of the above banking facilities.
	 
	 	(b)	 	Execute further legal charge and debenture in relation to borrowing obtained from
financial institutions by the Borrower and/or issue guarantee to financial institutions for borrowings obtained by
subsidiary / associate company or by any third party.

	8.	 	EVENTS OF DEFAULT
	 
	 	 	The above facilities and/or the amount outstanding and unpaid including interest shall
become due and immediately repayable if one or more of the following events should occur: -

	 	(a)	 	If borrower is unable to pay debts as they become due or a judgement is obtained
against the Borrower by any third party.
	 
	 	(b)	 	If a winding-up petition is presented against borrower or a Receiver or Trustee is
appointed to take possession of the borrower’s properties or if execution or any form of action is levied
or taken against any of the borrower’s properties.
	 
	 	(c)	 	If borrower is in breach of any of the terms and conditions in this Letter of Offer.

9. GENERAL TERMS AND CONDITIONS

	 	(a)	 	All legal fees, stamping and incidental expenses, if any, shall be borne by borrower.
Any fees, disbursements or expenses incurred in respect of enforcing payment of the monies hereby
secured, or if any monies shall be recovered through any process of law or by employment of solicitor,
shall be borne by borrower.
	 
	 	(b)	 	Borrower expressly covenants with the Bank that during the continuance of the
facilities, permits and consents to the Bank giving information concerning the facility to the Central Bureau,
Bank Negara Malaysia.
	 
	 	(c)	 	Borrower is to maintain a current account with the Bank to which all fees and
related charges for the above facilities may be debited. The Bank shall have the right to debit this account for any
charges and/or expenses incurred in respect of the above facilities.
	 
	 	(d)	 	Borrower authorises the Bank to proceed without prior notice and without prejudice
by right of set-off or counter claim against any assets of borrower in any currency in the possession of the Bank
or any of its affiliates/subsidiaries at any branch or office to the full extent of all amounts payable
to the Bank hereunder.

Authorised Signature(s)

3

Trio-Tech (Malaysia) Sdn Bhd

 

	 	(e)	 	The Bank reserves the right to add, vary, delete or selectively enforce any terms
and/or conditions governing the availability of the banking facilities.

	10.	 	RIGHT TO WITHDRAW
	 
	 	 	The facility is extended at the sole discretion of the Bank and are repayable on demand
and will be reviewed, modified or cancelled at the sole discretion of the Bank.
	 
	11.	 	CROSS DEFAULT CLAUSE. RIGHT TO REJECT / RECALL AND MISCONDUCT
	 
	 	 	Notwithstanding that the loan application has been approved and duly accepted by
borrower, the Bank retains and absolute right to reject or recall the facility therein
granted to borrower in the event of any fraudulent / blameworthy misconduct of any nature
whatsoever that may be committed by borrower in respect of any other facility/facilities
that is/are presently subsisting with the Bank and enjoyed by borrower, and the aforesaid
contractual relationship shall be immediately terminated.
	 
	12.	 	MATERIAL ADVERSE CHANGE CLAUSE
	 
	 	 	The Bank reserves the right to terminate the facilities in the event of any material
adverse change in the financial condition of the borrower / guarantors, which might affect
its ability to comply with the obligations under the terms and conditions of approval
prior to the first and subsequent availments.
	 
	 	 	BNM has established a Credit Central Bureau to collect information from banks regarding
the credit facilities which they grant too their customers to enable participant banks
(of which the Bank is one), who are approached for credit facilities by a customer, to be
informed by the Bureau of the aggregate facilities granted to that customer by other
banks. This information is kept strictly in confidence between the Bureau and all
participating banks and it is a term of the credit facilities offered herein that
information regarding it shall be given to the Bureau for the use of the Bureau and the
participating banks.
	 
	 	 	The operation of borrower’s current account or overdraft facility inter alia is also
subject to the provisions set by Bank Negara Malaysia under Biro Maklumat Cek (BMC),
wherein the Bank reserves the right without notice to close borrower’s account after a
total of three (3) incidence of cheque return within 12 months from the date of first
incidence following which a report shall be submitted to Bank Negara’s BMC on such closure
of account.
	 
	 	 	Section 62(1) Bank and Financial Institution Act 1989 prohibits the Bank from granting
advances (with limited exception for housing loan) to you if your officer’s
spouse(s)/parent(s)/ child(ren) is/are in the employment of the Bank or the Bank’s
subsidiaries.
	 
	 	 	You are to declare if your officer’s spouse(s)/parent(s)/child(ren) are in the employment
of the Bank. The Bank reserves the right to recall the credit facility in the event you
fail to make the appropriate declaration which leads us to contravene the aforementioned
section of the Act.

	 	 	 
	 

	 	
	 

	 	 
	 

Trio-Tech (Malaysia) Sdn Bhd

	 

4	
Authorised Signature(s)

 

 

We trust the aforesaid terms and conditions for the above facilities are acceptable to
you. Kindly signify your understanding and acceptance of the above offer by signing on every
page in black ink pen and returning the duplicate of this letter together with resolution
(duly certified by company secretary) within fourteen (14) days from the date of this letter
after which date this offer will be deemed to have lapsed.

Thanking you and assuring our best service at all times.

Yours faithfully,

for CIMB BANK BERHAD

(formerly known as Bumiputra-Commerce Bank Berhad)

Retail Business Centre Wisma Consplant 2, Subang Jaya

	 	 	 
	

	 	
	KULDEEP KAUR

	 	NORLIDA BAHARI
	Head-RBC

	 	Sales Officer-RBC

ACCEPTANCE

I/We confirm acceptance of the banking facility as per the terms and conditions herein.

	 	 	 	 	 
	Authorised Signature(s)

	 	:
	 	
	 
	 	 	 	 
	 

	 	 	 	For and on behalf of
	Company’s Rubber Stamp

	 	:
	 	TRIO-TECH (MALAYSIA) SDN. BHD.
	 

	 	 	 	CO.NO. 103390 V
	 
	 	 	 	 
	Date

	 	:
	 	10 APR 2007

	 	 	 
	 

	 	
	 

	 	 
	 

Trio-Tech (Malaysia) Sdn Bhd

	 

5	Authorised Signature(s)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]