Memorandum
Made at Thai Military Bank Public Company Limited
19 November 1998
Whereas we, King Power Duty Free Co., Ltd., the Borrower, have received credit
facilities totalling Baht 306,000,000 (Three Hundred and Six Million Baht) as
follows :
1. Additional L/C, I/L Baht 200,000,000 (Two Hundred Million)
2. Additional F/X Line Baht 100,000,000 (One Hundred Million)
3. L/G for Bonded Goods Baht 6,000,000 (Six 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 0.50% of the total credit facilities, payable to
the bank in full on the date of this Memorandum
2. Engagement Fee at a rate of 2.50%
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. 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.
Signed...............................................Memorandum
(Mr. Xxxxxx Xxxxxxxxxxxx) Preparer Authorized Director
(Seal of King Power Duty Free Co., Ltd.)
Signed......................................Witness
(Ms. Xxxxxxxx Xxxxxxxxxxx)
Signed......................................Witness
(Mrs. Xxxxxxxxx Xxxxxxxxxxxx)