Memorandum
Made at Thai Military Bank Public Company Limited
21 August 1998
Whereas we, King Power Duty Free Co., Ltd., the Borrower, have received credit
facilities totalling Baht 250,000,000 (Two Hundred Fifty Million Baht) as
follows :
1. Additional L/C, I/L Baht 100,000,000 (One Hundred Million)
2. Additional F/X Line Baht 150,000,000 (One Hundred Fifty Million)
By means of this Memorandum, we agree and consent to pay the following fees to
the bank, namely
1. Front-End Fee at a rate of 1.00% of the total credit facilities, payable to
the bank in full on the date of this Memorandum
2. Engagement Fee at a rate of 1.50%
If we fail to pay the fees according to the amount and the date specified above,
we consent the bank to charge interest at a rate of 18.5% p.a. thereof from the
date of default of payment to the date on which such fees shall be paid in full.
As evidence, we hereunder sign our name and affix the seal (if any) in the
presence of witnesses.
(Seal of King Power Duty Free Co., Ltd.)
Signed............................................Memorandum
(Mr. Xxxxxxxx Xxxxxxxxxxx)Preparer Authorized Director
Signed............................................Witness
(Xxx. Xxxxxxxx Xxxxxxxxxxx)
Signed............................................Witness
(Mrs. Xxxxxxxxx Xxxxxxxxxxxx)
