EXHIBIT 4.13
DBSKWONG ON BANK
Our ref : DKOB/CS&S/LK/CCB493
Date: 25 April 2003
Bonso Electronics Limited
Unit 1106-1110, Star House
0 Xxxxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx
Attention: Xx Xxxxx Xxxx
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Dear Sirs,
Banking Facilities : Bonso Electronics Limited ("Borrower")
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We, DBS Xxxxx On Bank Limited ("Bank"), refer to our letter dated 16 May
2002 setting out the facilities made available to you ("the Existing Facility
Letter").
We are pleased to confirm that all the terms under the Existing Facility
Letter shall remain unchanged except the following variations until further
notice
Facilities:
2a. Letter of Credit - BKD11,000,000.
The following clause is added under this Facility:
Beneficiaries of local letters of credit and each of its individual limits
are each subject to the Bank's prior written approval on case by case basis
(if so required by the Bank). The Bank may from time to time carry out at
the Borrower's expense updated searches of the beneficiaries of local
letters of credit. All related costs and fees may be debited to the
Borrower's account.
Conditions Precedent:
The following documentation under this heading will no longer be required:
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(b) (i) the Bank's standard form all movies Memorandum of Charge on Deposit
Accounts duly executed by the Borrower;
(ii) the deposit by the Borrower for an amount of not less than
HKD3,000,000.- or its equivalent in US Dollars, with interest being
maintained with the Bank;
The clause Section 83 of the Banking Ordinance is substituted by the following
clause:
Relationship with Directors/Employees: As a liceneed bank, the Bank is subject
to certain limitations on advances to persons related to the directors or
employees of the Bank or of other DBS Group banks. By signing this Letter, the
Borrower confirms to the Bank that it is not in any way related to any of the
directors or employees of the Bank and/or its parent The Development Bank of
Singapore Limited or its other subsidiaries, including Xxx Xxxx Bank Limited and
Overseas Trust Bank Limited. The Borrower undertakes, upon becoming so related
at any time while any loan or other indebtedness to the Bank is outstanding,
immediately to advise the Bank in writing.
DBSKWONG ON BANK
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Bonso Electronics Limited
A handling fee of HKD 10,000.- will be debited to your account.
Please sign the enclosed copy of this Letter and return it to the Bank for
the attention of Xx Xxxxx Xxxxxx, within one month from the date of this Letter.
If you have any queries, please contact our Senior Relationship Manager Xx
Xxxxx Xxxxxx, whose telephone number is 0000-0000.
We are pleased to be of service to you.
Signed for and on behalf of DBS Xxxxx On Bank Limited by
/s/ /s/
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Authorised Signature Authorised Signature
Credit Support & Services Sales & Distribution
Enterprise Banking Enterprise Banking
LK/CC/cy
We agree to the terms of this Letter.
Signed for and on behalf of
Bonso Electronics Limited
For and on behalf of
BONSO ELECTRONICS LTD.
/s/ Xxxxx Xxx Xxxx Xxxx
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