From: sallyraven123@gmail.

com
To: kittykingmanager@gmail.com
Subject: Summary of the meeting between MGS Bank and Capper Trading.
Dear Kitty
I send you this mail to summarize all the terms of the agreement in our last
meeting:
•A one-year 9% loan of £400,000 secured by your machinery and the factory;
•A penalty clause of 1.2% per month in case of defaulting on the loan;
•A 1.25% standard arrangement fee for the loan and a standard prepayment fee,
which is 1% of the amount lent;
•Provision of up-to-date sale figures to be sent to MGS bank every two weeks;
•A Forward Exchange contract set up to fend off negative changes in the
exchange rate with the Chinese Yuan;
•Payment terms in the contracts, including late fees for on-time payment from
Capper Trading wholesalers and upfront payments if necessary.
Yours sincerely

Sally Raven (Mr)

The Commercial Relationship Manager
Negotiation Department