Terry Wong

6?20 1 Baoli Villadom
Li Tang Road

Chang Ping District
Hon. Harry Kuma Beijing 10221, China

Ministe of Finance an Tre
1' asury) Phone: +86 15997999889

19.0 Box 26
Honiara, Solomon Islands

RE: LETTER OF OFFER FOR LOANIGRANT OF USE) ONE HUNDRE BILLION DOLLARS TO
SOLOMON ISLANDS

Dear MinESter of Finance and Treasury

1 note receipt of your letter dated the 28th November 20 9, accepting in principle, our brokerage and
consultancy charges payable upon successful completion of transfer of USD $l00 Billion into the
Solomon Islands Central Bank account Honorable Minister, please be advised that there are other
applicants also applying for this loan/ grant and thus. it would be advisable to act with the
processes that needs too be completed on the Solomon Islands side.

lt was suggested to me, by my Solomon islands representative, Mr. Stephen Wong, that to defer other
applications for these funds by other nations, a ?letter of offer" be issued to the Solomon Islands
Ministry of Finance and Treasury for this loan/grant so as to block Other applications for the validity
period of the offer. This is to allow yourself some time to complete your processes. My consortium of
consultants, agents and fund managers and myself voted unanimously yesterday, (21nd December 20l9)
and agreed to the recommendations made. As i am the exclusive authorized broker for this offer to the
Solomon islands have been mandated to issue the letter of offer to your ministry. Please ?nd attached

the ?Letter of offer" pertaining to the funding.

Your sincerely

   

Tawng

411?1 December 20 9

LETTER OF OFFER

Ref no. 

Date 4th December 20l9

Borrower Ministry of Finance and Treasury
Solomon Islands Government
PO Box 26

Honiara, Solomon Islands

Dear Minister of Finance and Treasury
RE: Application for National Development concessional Loan/Grant

Our donors are pleased to offer your Ministry, on behalf of the Solomon Islands National Government,
a national development concessional loan subject to the following terms and conditions;

I. Principle Loan amount
USD $l00,000,000.000.00 (one hundred billion dollars)

2. Purpose
Unrestricted. Projects may include but not limited to, infraStructure, poverty alleviation. climate

change, economic development, national welfare, healthcare. education.

3. Interest rate
To be determined. The interest rate shall be equal to the average national cash deposit rate of

the Solomon Islands calculated per annum. The interest rate may change periodically subject to
fluctuations in the national cash deposit rate.

4. Duration of Loan
Maximum loan period not exceeding 20 years. (subject to negotiation)

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5. Repayment
interest only or interest and principle. Payments to be made quarterly or annually.

(subject to negotiation). Repayment must be received into the lenders account on or before the

stipulated due date.

6. Security
Ministry of finance and Treasury to issue a ?letter of guarantee" to guarantee repayment of

principle and all due interest to be signed by the Minister of Finance and vetted by the Prime

Minister.

7. Availability of Funds
The funds shall be made available to transfer to the borrowers Central Bank account, If.)

working days after borrower completes the following:
I Signing the acceptance of offer section of this Letter of offer and returning it to the

lender
0 Provide the ?letter of guarantee" as set out in clause 6
0 Complete the receiving instructions to be provided by the lender

If the terms and conditions of this Letter of offer are acceptable to you, kindly indicate your acceptance
of this offer by signing and returning to me the duplicate of this letter on or before 30 days from the
date of this letter failing which this offer shall be considered as having lapsed and cancelled unless

otherwise determined.

Regards

Terry wong

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I (Minister of Finance and Treasury) and 
(Prime Minister of Soiomon islands) hereby do accept the offer and its terms and conditions as set oat
in this ?Letter of Offer" and agreed to be bound by them.

Name

 

Sign and stamp

 

(Minister of ?nance and Treasury)

Name

 

Sign and stamp

 

(Prime Minister)

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