Exhibit 10.12
Certain information has been excluded as marked by [*] from this exhibit because it (i) is not material and (ii) would be competitively harmful if publicly disclosed.
HSBC BANK USA, N.A.
GTS, TRANSACTION SERVICES,
HUDSON YARDS, THE SPIRAL,
66 HUDSON BLVD. EAST, NEW YORK,
NY 10001, USA.
| STANDBY DC AMENDMENT ADVICE | DATE | 17NOV2025 |
|
EXYN TECHNOLOGIES INC 2118 WASHINGTON AVENUE, PHILADELPHIA, PA 19146, USA
|
PLEASE QUOTE OUR REF NO. [*] |
| M |
| STANDBY DOC. CREDIT NO. | [*] | ||
| AMOUNT | USD | 3,500,000.00 | |
| ISSUING BANK |
THE HONGKONG AND SHANGHAI BANKING C INDIA MAIN BRANCH MUMBAI | ||
| APPLICANT |
NEOLYNC ELECTRONICS PVT LTD | ||
| EXPIRY DATE | 13MAY2026 | ||
Gentlemen,
We enclosed herewith an amendment to the captioned Standby Documentary Credit we have received from the above-mentioned issuing bank in your favor.
Important Notice to Beneficiary
Please check the terms and conditions of this amendment immediately and note that we are unable to make any changes without the Issuing Bank’s authority. Accordingly, should any of its terms and conditions be unacceptable, please contact the applicant directly, requesting a further amendment to be advised to us without delay.
This Standby Documentary Credit amendment is being advised without responsibility or engagement on our part and any demand/presentation must be sent directly to the issuing bank unless this Standby Documentary Credit is confirmed by HSBC Bank USA, N.A. In the event that documents are presented directly to us, the documents will be returned without processing.
This Standby Documentary Credit is subject to governing rules as stated in the attached Standby Documentary of Credit.
As charges are on account of applicant, we have recovered our [*] issuing bank’s account as follows:
| USD | 280.00 |
For information regarding the enclosed Standby Documentary Credit, please feel free to call [*] or email us at [*]
We refer to HSBC Standard Trade Terms which can be accessed, read and printed at/from www.gbm.hsbc.com/GTRFSTT or alternatively a copy can be requested from HSBC. This advice incorporates the Standard Trade Terms as though they were set out in full herein.
This computer generated advice does not require a signature.
13NOV20205
DEAR SIRS,
We provide below the text of a teletransmission advice amending the mentioned Documentary Credit, which we previously advised to you.
FROM THE HONGKONG AND SHANGHAI BANKING C
(SWIFT ADDRESS : [*])
| 15A | NEW SEQUENCE: | |
| 27 | SEQUENCE OF TOTAL: | 1/1 |
| 21 | RELATED REFERENCE: | [*] |
| 22A | PURPOSE OF MESSAGE: | ISUA |
| 15B | NEW SEQUENCE: | |
| 20 | UNDERTAKING NUMBER: | [*] |
| 26E | NO. OF AMENDMENT: | 001 |
| 30 | DATE OF AMENDMENT: | 13NOV25 |
| 52D | ISSUER: | HSBC |
|
MAIN BRANCH CHENNAI [*] | ||
| 31E | DATE OF EXPIRY: | 13MAY26 |
| 77U |
OTHER AMD. TO UNDERTAKING: THE NEW EXPIRY DATE FOR THIS SBLC IS TO BE READ AS 13-MAY-2026. ALL OTHER TERMS AND CONDITIONS REMAINS UNCHANGED. | |
Please refer to our DC Amendment Advice for further details.