Loan and Credit Line for Oyu Tolgoi LLC Suppliers

Loan condition

	Guaranteed Invoice Secured Loan		Secured Invoice Credit Rights
Loan amount	Up to 90% of invoice amount		Credit limit set based on the highest invoice amount completed within the past year
Loan term	Up to 75 days		24 months
Currency	MNT	USD	MNT	USD
Loan interest /annual/	13.8% - 17.0%	9.6% - 12.0%	13.8% - 17.0%	9.6%-12.0%
Loan interest /annual/	13.8% - 17.0%	9.6% - 12.0%	13.8% - 17.0%	Commitment fee: Annually 0.0%
Loan service fees	No fee
Collateral	Receivables invoiced to Oyu Tolgoi LLC

	Guaranteed Invoice Secured Loan		Secured Invoice Credit Rights
Loan amount	Up to 90% of invoice amount		Credit limit set based on the highest invoice amount completed within the past year
Loan term	Up to 75 days		24 months
Currency	MNT	USD	MNT	USD
Loan interest /annual/	9.6% - 12%
Loan service fees	No fee
Collateral	Receivables invoiced to Oyu Tolgoi LLC

Requirement

A legal entity registered in Mongolia
To be a supplier of Oyu Tolgoi LLC
At least 1 year of stable operation in the field of business and to have solvency
Must have obtained relevant operating permits and licenses issued by authorities, along with legal complaint documents
No overdue or non-performing loan history at banks and non-banking financial institutions
Have a current account with TDB, agreement to receive contract revenue through this account. (In the contract and invoice with the payment contractor you must state that account receivables is payable to the TDB account).
To meet other requirements set by TDB

Required document

Loan application
Information on business activities
Certificate of state registration, company charter; / if it is not possible to bring the original, a copy must be notarized/
Resolution of the shareholders' meeting (Board of Directors) authorizing borrowing and collateralizing company’s assets
Short resume and ID card of the authorized person /if the original cannot be brought, a copy must be notarized/
Financial statements and other proofs of income and expenses for the previous 3 years reviewed by the audit Company and relevant tax authorities
Valid contract, purchase order receipt, invoice or other evidence of receivables
Other required documents