Document:

f8k051811ex10vi_pplestring.htm

Exhibit 10.6

 

 

 

May 5, 2011

STRICTLY CONFIDENTIAL

Peoplestring Corporation

157 Broad Street

Suite 109

Red Bank, NJ 07701

Dear Mr. Myman

This letter (the “Agreement”) constitutes the agreement between Peoplestring Corporation (the “Company”) and Rodman & Renshaw, LLC (“Rodman”) that Rodman shall serve as the exclusive placement agent (the “Services”) for the Company, on a reasonable best efforts basis, in connection with the proposed offer and placement (the “Offering”) by the Company of securities of the Company (the “Securities”). The terms of the Offering and the Securities shall be mutually agreed upon by the Company and the investors and nothing herein implies that Rodman would have the power or authority to bind the Company or an obligation for the Company to issue any Securities or complete the Offering.  The Company expressly acknowledges and agrees that the execution of this Agreement does not constitute a commitment by Rodman to purchase the Securities and does not ensure the successful placement of the Securities or any portion thereof or the success of Rodman with respect to securing any other financing on behalf of the Company.

A.           Fees and Expenses.  In connection with the Services described above, the Company shall pay to Rodman the following compensation:

1.      Placement Agent’s Fee.  The Company shall pay to Rodman a cash placement fee (the “Placement Agent’s Fee”) equal to 7% of the aggregate purchase price paid by each purchaser of Securities that are placed in the Offering.  The Placement Agent’s Fee shall be paid at the closing of the Offering (the “Closing”) from the gross proceeds of the Securities sold.

2.      Warrants.  As additional compensation for the Services, the Company shall issue to Rodman or its designees at the Closing, warrants (the “Rodman Warrants”) to purchase that number of shares of common stock of the Company (“Shares”) equal to 7% of the aggregate number of Shares placed in the Offering.  The Rodman Warrants shall have the same terms, including exercise price and registration rights, as the warrants issued to investors (“Investors”) in the Offering.  If no warrants are issued to Investors, the Rodman Warrants shall have an exercise price equal to 110% of the price at which equity Securities are issued to Investors, or, if no equity Securities are issued, 110% of the current market price of the Shares at Closing, an exercise period of five years and registration rights for the Shares underlying the Rodman Warrants equivalent to those granted with respect to the Securities.

3.      Expenses.  In addition to any fees payable to Rodman hereunder, but only if an Offering is consummated, the Company hereby agrees to reimburse Rodman for all reasonable travel and other out-of-pocket expenses (“Expenses”) incurred in connection with Rodman’s engagement, including the reasonable fees and expenses of Rodman’s counsel. Such reimbursement shall be limited to $25,000. All Expenses shall be paid at the Closing from the gross proceeds of the Securities sold (provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement).

 

  

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B.           Term and Termination of Engagement.  The term (the “Term”) of Rodman’s engagement will begin on the date hereof and end on the earlier of the consummation of the Offering or 15 days after the receipt by either party hereto of written notice of termination; provided that no such notice may be given by the Company for a period of 30 days after the date hereof. Notwithstanding anything to the contrary contained herein, the provisions concerning indemnification, contribution and the Company’s obligations to pay fees and reimburse expenses contained herein will survive any expiration or termination of this Agreement.

C.           Fee Tail.  Rodman shall be entitled to a Placement Agent’s Fee and Rodman Warrants, calculated in the manner provided in Paragraph A, with respect to any public or private offering or other financing or capital-raising transaction of any kind (“Tail Financing”) to the extent that such financing or capital is provided to the Company by investors whom Rodman had introduced, directly or indirectly, to the Company and with whom Rodman had set up a conference call or meeting between the Company and the investor during the Term, if such Tail Financing is consummated at any time within the 12-month period following the expiration or termination of this Agreement (the “Tail Period”).

D.           Use of Information.  The Company will furnish Rodman such written information as Rodman reasonably requests in connection with the performance of its services hereunder.  The Company understands, acknowledges and agrees that, in performing its services hereunder, Rodman will use and rely entirely upon such information as well as publicly available information regarding the Company and other potential parties to an Offering and that Rodman does not assume responsibility for independent verification of the accuracy or completeness of any information, whether publicly available or otherwise furnished to it, concerning the Company or otherwise relevant to an Offering, including, without limitation, any financial information, forecasts or projections considered by Rodman in connection with the provision of its services.

E.           Publicity.  In the event of the consummation or public announcement of any Offering, Rodman shall have the right to disclose its participation in such Offering, including, without limitation, the placement at Rodman’s cost of “tombstone” advertisements in financial and other newspapers and journals.

F.           Securities Matters.  The Company shall be responsible for any and all compliance with the securities laws applicable to it, including Regulation D and the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 promulgated thereunder, and unless otherwise agreed in writing, all state securities (“blue sky”) laws. Rodman agrees to cooperate with counsel to the Company in that regard.

G.           Company Acknowledgement.  The Company acknowledges that the Offering of convertible Securities may create significant risks, including the risk that the Company may have insufficient cash resources and/or registered shares to timely meet its payment and conversion obligations.  The Company further acknowledges that, depending on the number and price of new shares issued, such transaction may result in substantial dilution which could adversely affect the market price of the Company’s shares.

 

  

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H.           Indemnity.

1.      In connection with the Company’s engagement of Rodman as placement agent, the Company hereby agrees to indemnify and hold harmless Rodman and its affiliates, and the respective controlling persons, directors, officers, shareholders, agents and employees of any of the foregoing (collectively the “Indemnified Persons”), from and against any and all claims, actions, suits, proceedings (including those of shareholders), damages, liabilities and expenses incurred by any of them (including the reasonable fees and expenses of counsel), as incurred, (collectively a “Claim”), that are (A) related to or arise out of (i) any actions taken or omitted to be taken (including any untrue statements made or any statements omitted to be made) by the Company, or (ii) any actions taken or omitted to be taken by any Indemnified Person in connection with the Company’s engagement of Rodman, or (B) otherwise relate to or arise out of Rodman’s activities on the Company’s behalf under Rodman’s engagement, and the Company shall reimburse any Indemnified Person for all expenses (including the reasonable fees and expenses of counsel) as incurred by such Indemnified Person in connection with investigating, preparing or defending any such claim, action, suit or proceeding, whether or not in connection with pending or threatened litigation in which any Indemnified Person is a party.  The Company will not, however, be responsible for any Claim that is finally judicially determined to have resulted from the gross negligence or willful misconduct of any person seeking indemnification for such Claim.  The Company further agrees that no Indemnified Person shall have any liability to the Company for or in connection with the Company’s engagement of Rodman except for any Claim incurred by the Company as a result of such Indemnified Person’s gross negligence or willful misconduct.

2.      The Company further agrees that it will not, without the prior written consent of Rodman, settle, compromise or consent to the entry of any judgment in any pending or threatened Claim in respect of which indemnification may be sought hereunder (whether or not any Indemnified Person is an actual or potential party to such Claim), unless such settlement, compromise or consent includes an unconditional, irrevocable release of each Indemnified Person from any and all liability arising out of such Claim.

3.      Promptly upon receipt by an Indemnified Person of notice of any complaint or the assertion or institution of any Claim with respect to which indemnification is being sought hereunder, such Indemnified Person shall notify the Company in writing of such complaint or of such assertion or institution but failure to so notify the Company shall not relieve the Company from any obligation it may have hereunder, except and only to the extent such failure results in the forfeiture by the Company of substantial rights and defenses.  If the Company so elects or is requested by such Indemnified Person, the Company will assume the defense of such Claim, including the employment of counsel reasonably satisfactory to such Indemnified Person and the payment of the fees and expenses of such counsel. In the event, however, that legal counsel to such Indemnified Person reasonably determines that having common counsel would present such counsel with a conflict of interest or if the defendant in, or target of, any such Claim, includes an Indemnified Person and the Company, and legal counsel to such Indemnified Person reasonably concludes that there may be legal defenses available to it or other Indemnified Persons different from or in addition to those available to the Company, then such Indemnified Person may employ its own separate counsel to represent or defend him, her or it in any such Claim and the Company shall pay the reasonable fees and expenses of such counsel.  Notwithstanding anything herein to the contrary, if the Company fails timely or diligently to defend, contest, or otherwise protect against any Claim, the relevant Indemnified Party shall have the right, but not the obligation, to defend, contest, compromise, settle, assert crossclaims, or counterclaims or otherwise protect against the same, and shall be fully indemnified by the Company therefor, including without limitation, for the reasonable fees and expenses of its counsel and all amounts paid as a result of such Claim or the compromise or settlement thereof.  In addition, with respect to any Claim in which the Company assumes the defense, the Indemnified Person shall have the right to participate in such Claim and to retain his, her or its own counsel therefor at his, her or its own expense.

 

  

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4.      The Company agrees that if any indemnity sought by an Indemnified Person hereunder is held by a court to be unavailable for any reason then (whether or not Rodman is the Indemnified Person), the Company and Rodman shall contribute to the Claim for which such indemnity is held unavailable in such proportion as is appropriate to reflect the relative benefits to the Company, on the one hand, and Rodman on the other, in connection with Rodman’s engagement referred to above, subject to the limitation that in no event shall the amount of Rodman’s contribution to such Claim exceed the amount of fees actually received by Rodman from the Company pursuant to Rodman’s engagement.  The Company hereby agrees that the relative benefits to the Company, on the one hand, and Rodman on the other, with respect to Rodman’s engagement shall be deemed to be in the same proportion as (a) the total value paid or proposed to be paid or received by the Company or its stockholders as the case may be, pursuant to the Offering (whether or not consummated) for which Rodman is engaged to render services bears to (b) the fee paid or proposed to be paid to Rodman in connection with such engagement.

5.      The Company’s indemnity, reimbursement and contribution obligations under this Agreement (a) shall be in addition to, and shall in no way limit or otherwise adversely affect any rights that any Indemnified Party may have at law or at equity and (b) shall be effective whether or not the Company is at fault in any way.

I.           Limitation of Engagement to the Company.  The Company acknowledges that Rodman has been retained only by the Company, that Rodman is providing services hereunder as an independent contractor (and not in any fiduciary or agency capacity) and that the Company’s engagement of Rodman is not deemed to be on behalf of, and is not intended to confer rights upon, any shareholder, owner or partner of the Company or any other person not a party hereto as against Rodman or any of its affiliates, or any of its or their respective officers, directors, controlling persons (within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), employees or agents.  Unless otherwise expressly agreed in writing by Rodman, no one other than the Company is authorized to rely upon this Agreement or any other statements or conduct of Rodman, and no one other than the Company is intended to be a beneficiary of this Agreement.  The Company acknowledges that any recommendation or advice, written or oral, given by Rodman to the Company in connection with Rodman’s engagement is intended solely for the benefit and use of the Company’s management and directors in considering a possible Offering, and any such recommendation or advice is not on behalf of, and shall not confer any rights or remedies upon, any other person or be used or relied upon for any other purpose.  Rodman shall not have the authority to make any commitment binding on the Company.  The Company, in its sole discretion, shall have the right to reject any investor introduced to it by Rodman.  The Company agrees that it will perform and comply with the covenants and other obligations set forth in the purchase agreement and related transaction documents between the Company and the investors in the Offering, and that Rodman will be entitled to rely on the representations, warranties, agreements and covenants of the Company contained in such purchase agreement and related transaction documents as if such representations, warranties, agreements and covenants were made directly to Rodman by the Company.

J.           Limitation of Rodman’s Liability to the Company.  Rodman and the Company further agree that neither Rodman nor any of its affiliates or any of its or their respective officers, directors, controlling persons (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act), employees or agents shall have any liability to the Company, its security holders or creditors, or any person asserting claims on behalf of or in the right of the Company (whether direct or indirect, in contract, tort, for an act of negligence or otherwise) for any losses, fees, damages, liabilities, costs, expenses or equitable relief arising out of or relating to this Agreement or the Services rendered hereunder, except for losses, fees, damages, liabilities, costs or expenses that arise out of or are based on any action of or failure to act by Rodman and that are finally judicially determined to have resulted solely from the gross negligence or willful misconduct of Rodman.

 

  

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K.           Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be fully performed therein.  Any disputes that arise under this Agreement, even after the termination of this Agreement, will be heard only in the state or federal courts located in the City of New York, State of New York.  The parties hereto expressly agree to submit themselves to the jurisdiction of the foregoing courts in the City of New York, State of New York. The parties hereto expressly waive any rights they may have to contest the jurisdiction, venue or authority of any court sitting in the City and State of New York.  In the event of the bringing of any action, or suit by a party hereto against the other party hereto, arising out of or relating to this Agreement, the party in whose favor the final judgment or award shall be entered shall be entitled to have and recover from the other party the costs and expenses incurred in connection therewith, including its reasonable attorneys’ fees.  Any rights to trial by jury with respect to any such action, proceeding or suit are hereby waived by Rodman and the Company.

L.           Notices.  All notices hereunder will be in writing and sent by certified mail, hand delivery, overnight delivery or fax, if sent to Rodman, to Rodman & Renshaw, LLC, at the address set forth on the first page hereof, fax number (646) 841-1640, Attention: General Counsel, and if sent to the Company, to the address set forth on the first page hereof, fax number __________, Attention: Darin Myman.  Notices sent by certified mail shall be deemed received five days thereafter, notices sent by hand delivery or overnight delivery shall be deemed received on the date of the relevant written record of receipt, and notices delivered by fax shall be deemed received as of the date and time printed thereon by the fax machine.

M.           Miscellaneous.  The Company represents that it is free to enter into this Agreement and the transactions contemplated hereby, that it will act in good faith, and that it will not hinder Rodman’s efforts hereunder.  This Agreement shall not be modified or amended except in writing signed by Rodman and the Company.  This Agreement shall be binding upon and inure to the benefit of Rodman and the Company and their respective assigns, successors, and legal representatives.  This Agreement constitutes the entire agreement of Rodman and the Company, and supersedes any prior agreements, with respect to the subject matter hereof.  If any provision of this Agreement is determined to be invalid or unenforceable in any respect, such determination will not affect such provision in any other respect, and the remainder of the Agreement shall remain in full force and effect.  This Agreement may be executed in counterparts (including facsimile and .pdf counterparts), each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

  

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In acknowledgment that the foregoing correctly sets forth the understanding reached by Rodman and the Company, please sign in the space provided below, whereupon this letter shall constitute a binding Agreement as of the date indicated above.

	 	Very truly yours,	 
	 	 	 
	 	RODMAN & RENSHAW, LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ John Borer	 
	 	 	Name: John Borer	 
	 	 	Title: Sr. Managing Partner	 
	 	 	 	 

 

Accepted and Agreed:

 

	PEOPLESTRING CORPORATION	 
	 	 	 
	
By: 

	/s/ Darin Myman	 
	 	Name: Darin Myman	 
	 	Title: CEO and President	 
	 	 	 

 

 

 

 

6ex10_42.htm

Exhibit 10.42

 

阶段名称:对公经办员调查  处理人:周川

Step Name: Investigator of business client  Investigator: Chuan Zhou

提交动作:提交风险管理部审 现有工作15件

Submitting Action: Submitted to Department of Risk Management for review; Current workload: 15 cases

收到时间:2010/12/22 09:01:25   完成时间:2010/12/22 14:29:31

Received Time: 2010/12/22 09:01:25 Completed Time: 2010/12/22 14:29:31

审批意见: Opinion:

同意 Approved

建议内容:Suggested Content:

该司于2010年5月在我行获批500万美元国际业务周转额度,用于开立进口信用证;9月份单笔叙作一笔进口开证,金额为日元289850000元,10%保证金,敞口折合美元约310万。

 

On May,2010,The company obtained a credit line of $5,000,000 for its international business, to be used for opening import credit letters. In September, the company used an amount of JPY 289,800,000, with 10% security deposit. The exposure is approximately $3.1 million USD.

原500万美元额度项下业务均已结清,现余额为单笔信用证日元289850000元。

The original $5 million USD line is already settled, now with only the single letter of credit of JPY 289,850,000.

现拟为该司申请总额为700万美元的国际业务周转授信额度,同时申报进口押汇额度700万美元。该额度覆盖原有500万美元额度,暂时冻结310万美元,该司实际可用敞口390万美元。待2011年2月5日该司单笔信用证到期后解冻。

Now the company applies for a total amount of $7 million USD line of credit for its international business, meanwhile, declares the import bill of $7 million USD. This amount includes the $5 million USD line of credit, temporarily freeze of $3.1 million USD. The actual exposure is $3.9 million USD. The freezing amount will be released on February 5th, when the single amount line of credit is expired.

以上方案可否?请审批

Please authorize if the above plan is feasible.

业务品种:国际业务周转授信额度 申请额度币种: 美元 申请总额度: 7,000,000.00; 批准额度: 7,000,000.00; 申请利率浮动幅度(%): 0; 批准利率浮动幅度(%): 0; 额度到期日: 2011/12/21;

Type of business: international business line of credit

Type of currency: USD

Total applied amount: 7,000,000.00;

Applied floating rate of interests: 0;

Expiration date of the amount: 2011/12/21

*******************************************************************************

 

阶段名称:分行风险管理部审批(对公) 

Step Name:Branch Risk Management Department (for business client)

提交动作:提交行长审批

Submitting Action: Submitted to the manager of the branch.

收到时间:2010/12/22 14:32:12   完成时间:2010/12/22 14:42:24

 

  

  

  

 

Received Time: 2010/12/22 14:32:12; Completed Time: 2010/12/22 14:42:24

审批意见: Opinion:

同意 Approved

出帐先决条件及贷后管理要求:

Conditions before the credit release and management requirements after the credit release:

授信前提条件:开证期限不超过3个月;单笔开证金额不超过150万美元。\r\n    贷后管理条件:1、关注申请人经营变动情况及他行授信态度变化;2、视国际业务结算量、叙做保付盈业务等综合回报情况及时调整授信策略。\r\n

Conditions before the credit release: the period of the letter of credit shall not exceed 3 months; Any single amount shall not exceed $1.5 million USD. \r\n

Management requirement after the credit release: 1. pay attention to applicant business operation change and other credit altitude change; 2.adjust the credit policy according to the international business settlement amount.

建议内容:

Suggested content:

 

申请人深圳市协勤实业有限公司为美国上市公司Sinohub. Inc.在深圳的三级子公司,主营各种IC代理、自营进口业务及手机主板的采购和国内外销售、为电子元器件代理分销商提供集成供应链服务。截至2010年9月,申请人总资产32020万元,净资产22758万元,销售收入75516万元,净利润5154万元。近年来,申请人经营规模呈较快增长态势。

The applicant, SinoHub SCM Shenzhen, Ltd., is the 3rd level subsidiary of the public company SinoHub, Inc, listed on NYSE Amex. Its main business is the agent for IC, import business, and mobile phone PCBA purchase and international sales, electronic components distribution and integrated supply chain management service. By September 2010, applicant’s total asset is 320,200,000Yuan, net asset of 227,580,000 Yuan, sale income of 755,160,000 Yuan, and net profit of 51,540,000 Yuan. Recent years, the business scale is increasing tremendously.

申请人现在银行用信余额1.8亿元,主要品种为进口开证。信用状态正常。

Applicant’s bank credit balance is 180 million Yuan, mainly used for import letter of credit. The credit status is normal.

    申请人为我行存量客户,2010年4月在我行获批信用证敞口额度500万美元(冻结200万元)。2010年9月,该司在我行叙做单笔信用证350万美元,其中占用敞口USD310万元,条件为冻结原有全部敞口额度。目前,该司在我行信用证敞口余额为310万美元。

原授信期间,申请人在我行结算量及日均存款贡献一般,前台部门反映,本笔授信如获通过,公司在我行年国际业务将达5000万美元以上,并可叙做保付盈业务。

 

Applicant is our banking customer. On April 2010, the Bank proved $5 million USD line of credit (Freezing amount of $2 million USD) to the customer. On September 2010, the company used $3.5 million USD as the single letter of credit, among this amount, $3.1 million USD is used from the line of credit, with the condition to freeze all the exposure amount. Currently, the credit exposure amount is $3.1 million USD.

 

During the period of original loan, the company’s daily deposit and contribution is not much. If this credit is passed, the company will reach $50 million USD or more.

 

  

  

  

 

     综上述,拟同意给深圳市协勤实业有限公司进口开证额度700万美元,额度期限一年,收取10%保证金。授信由协诺物流(深圳)有限公司提供连带责任保证.

 

     As stated above, we agree to issue import line of credit for $7 million USD, with one year term and 10% security of deposit. SinoHub Electronics Shenzhen Limited will be the joint guarantor.

 

授信前提条件:开证期限不超过3个月;单笔开证金额不超过150万美元。

    贷后管理条件:1、关注申请人经营变动情况及他行授信态度变化;2、视国际业务结算量、叙做保付盈业务等综合回报情况及时调整授信策略。

     妥否,请审批。

 

Conditions before the credit release: the period of the letter of credit shall not exceed 3 months; any single amount shall not exceed $1.5 million USD. \r\n

 

Management requirement after the credit release: 1. pay attention to applicant business operation change and other credit altitude change; 2.adjust the credit policy according to the international business settlement amount.

 

Please authorize if the above plan is feasible.

*******************************************************************************

阶段名称:分行行长审批(对公) 

Step Name:Approval of Branch Manager

提交动作:提交上级审批

Submitting Action: Submit to upper level for approval

收到时间:2010/12/22 14:42:25   完成时间:2010/12/23 09:02:03

Received Time: 2010/12/22 14:42:25; Completed Time: :2010/12/23 09:02:03

审批意见: Opinion:

同意 Approved

 

*******************************************************************************

 

阶段名称:初级/中级/高级审批官审批 

Step Name:Beginner/Intermediate/Advanced Authorizer review

提交动作:提交资深审批官审批

Submitting Action: Submit to advance authorizer to review

收到时间:2010/12/23 09:02:03   完成时间:2010/12/23 18:59:39

Received Time: 2010/12/23 09:02:03; Completed Time: 2010/12/23 18:59:39

审批意见: Opinion:

同意 Approved

出帐先决条件及贷后管理要求:

Conditions before the credit release and the management requirement after the release:

出帐前提条件:1、核实贸易背景,不得用于关联交易;2、单笔开证金额不超过150万美元,远期证不超过3个月,押汇余额不超过400万美元,即期证押汇不超过3个月,远期证不押汇。\r\n贷后管理要求:1、关注申请人及关联方(含手机代工业务)经营情况、同业授信态度变化;2、我行授信对应业务销售款须通过我行帐户回笼,视后继结算归行、国际结算量等综合收益情况及时调整授信策略。

Conditions before the credit release: 1. check the trading background, the amount cannot be used related party transaction; 2. in the period of the letter of credit shall not exceed 3 months; any single amount shall not exceed $1.5 million USD. Current Letter of credit documentary bill shall not exceed 3 months, long term letter of credit documentary bill is not permitted. \r\n

Management requirement after the credit release: 1. pay attention to applicant business operation(including mobile phone business) change and other credit altitude change; 2. the related business payment using our line of credit shall be settled at our bank, and we shall adjust the credit policy according to the international business settlement amount.

 

  

  

  

 

建议内容:

Suggestion:

存量客户增额续做,2010年4月给予信用证额度500万美元(其中冻结200万),目前余额为信用证350万美元(敞口310万美元)。

Applicant is our banking customer. On April 2010, the Bank proved $5 million USD line of credit (Freezing amount of $2 million USD) to the customer. Currently, the balance is $3.5 million USD (exposure is $3.1 million USD).

   申请人主营IC代理以及自营进口业务, 及手机主板贸易,销售收入增长较快,今年1-9月销售7.5亿,利润约5000万,同期存货增长较快,9月末余额1.7亿,基本存放境外(香港),较难核实及监控,对客户给予帐期,应收款较多。同业对其授信支持力度尚可,使用以信用证和押汇为主。

   Applicant’s main business is IC distribution, import business, mobile phone PCBA trading. Its income increases in a high speed. This Jan to Sept, its income is about 750 million RMB, its profit is about 50 million RMB, and its inventory increase in a fast speed. By Sept, its balance is 170 million RMB, and nearly all of them are in HK, so it’s very difficult to oversee. The company has a lot of account receivables, and its customers have good credibility, mainly using letter of credit and documentary bill.

   申请人属轻资产的贸易链企业,可控资产不多,保证人协诺为关联方,人员同时在两公司兼职,财务状态类似但规模较小,实际为信用方式。鉴于前台与企业经营层较熟悉,叙做愿望强烈,拟将分行意见提交审议,给予信用证额度700万美元,期限一年,收10%保证金,由协诺物流(深圳)有限公司提供连带责任保证,本额度覆盖原有500万美元额度,妥否,请审议。

   Applicant belongs to light asset trading company, and has few controllable assets, guarantor is the related party. Employees are working in both companies, and two companies have the similar financial structure with smaller scale.  Since the front operational personnel is familiar with the company and willing to offer the line of credit, we suggest: issue import line of credit for $7 million USD, with one year term and 10% security of deposit. SinoHub Electronics Shenzhen Limited will be the joint guarantor.

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阶段名称:资深审批官审批 

Step Name:advanced authorizer

提交动作:提交特级审批官审批

Submitting Action: submit to the senior advanced authorizer

收到时间:2010/12/23 18:59:39   完成时间:2010/12/25 22:45:35

Received Time: 2010/12/23 18:59:39; Completed Time: 2010/12/25 22:45:35

审批意见: Opinion:

同意 Approved

 

  

  

  

 

出帐先决条件及贷后管理要求:

出帐前提条件:1、核实贸易背景,不得用于关联交易;2、单笔开证金额不超过150万美元,远期证不超过3个月,押汇余额不超过400万美元,即期证押汇不超过3个月,远期证不押汇。\r\n贷后管理要求:1、关注申请人及关联方(含手机代工业务)经营情况、同业授信态度变化;2、我行授信对应业务销售款须通过我行帐户回笼,视后继结算归行、国际结算量等综合收益情况及时调整授信策略。

 Conditions before the credit release: 1. check the trading background, the amount cannot be used related party transaction; 2. in the period of the letter of credit shall not exceed 3 months; any single amount shall not exceed $1.5 million USD, the balance of the documentary bill shall not exceed $4 million USD. Current Letter of credit documentary bill shall not exceed 3 months; long term letter of credit documentary bill is not permitted. \r\n

Management requirement after the credit release: 1. pay attention to applicant business operation (including mobile phone business) change and other credit altitude change; 2. The related business payment using our line of credit shall be settled at our bank, and we shall adjust the credit policy according to the international business settlement amount.

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阶段名称:特级审批官审批 

Step Name:senior advanced authorizer

提交动作:同意

Submitting Action: Agree

收到时间:2010/12/25 22:45:36   完成时间:2010/12/28 16:37:46

Received Time: 2010/12/25 22:45:36; Completed Time: 2010/12/28 16:37:46

审批意见:

Approval comments:

同意

Authorized

出帐先决条件及贷后管理要求:

出帐前提条件:1、核实贸易背景,不得用于关联交易;2、单笔开证金额不超过150万美元,远期证不超过3个月,押汇余额不超过400万美元,即期证押汇不超过3个月,远期证不押汇。\r\n贷后管理要求:1、关注申请人及关联方(含手机代工业务)经营情况、同业授信态度变化;2、我行授信对应业务销售款须通过我行帐户回笼,视后继结算归行、国际结算量等综合收益情况及时调整授信策略。

Conditions before the credit release: 1. check the trading background, the amount cannot be used related party transaction; 2. in the period of the letter of credit shall not exceed 3 months; any single amount shall not exceed $1.5 million USD, the balance of the documentary bill shall not exceed $4 million USD. Current Letter of credit documentary bill shall not exceed 3 months; long term letter of credit documentary bill is not permitted. \r\n

Management requirement after the credit release: 1. pay attention to applicant business operation (including mobile phone business) change and other credit altitude change; 2. The related business payment using our line of credit shall be settled at our bank, and we shall adjust the credit policy according to the international business settlement amount.

 

  

  

  

 

建议内容:

Suggestion:

业务品种:国际业务周转授信额度 申请额度币种: 美元 申请总额度: 7,000,000.00; 批准额度: 7,000,000.00; 申请利率浮动幅度(%): 0; 批准利率浮动幅度(%): 0; 额度到期日: 2011/12/21;

Type of business: international business line of credit

Type of currency: USD

Total applied amount: 7,000,000.00;

Authorized amount: 7,000,000.00

Applied floating rate of interests: 0;

Expiration date of the amount: 2011/12/21

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