(State or other jurisdiction of

incorporation)

Description

Description

The type of facilities and their credit limits are as follows:

Term Loan Facility in the amount of not exceeding Baht 960,000,000 (Nine Hundred Sixty Million Baht) and equivalent to USD 30,000,000 (United States Dollar Thirty Million) hereinafter called the “Loan”. For the purpose of this Agreement, exchange rate for USD against Baht shall be the rate as informed by the Bank to the Borrower prior to the first utilization of the Loan. The Borrower may commence utilization of the Loan from June 1, 2011 up until March 31, 2012. The Borrower shall use the Loan for the purpose of construction of the new building located on the land title deed number 1636, Soi Khunpra, Phaholyothin Road, Klongnueng, Klongluang Patumthanee (the “Project”);

Hedging Facility: Cross Currency Swap in the notional amount of USD 30,000,000 (United States Dollar Thirty Million); and

Settlement Limit in the amount of Baht 65,000,000 (Baht Sixty Five Million).

The Borrower agrees to comply with the “General Terms and Conditions of Facility” dated May 12, 2011 attached herewith which is hereinafter called the “General Terms”. The Borrower agrees that the General Terms and the Facility Agreement including any other relevant documents executed in relation to the General Terms or the Facility Agreement shall bind the Borrower and supersede any previous contracts or agreements the Borrower made with the Bank. If in the future the Borrower is granted any facility by the Bank in addition to the facilities obtained hereunder by execution of a new facility agreement or amendment agreement thereof, the Borrower agrees to comply with the General Terms which shall be applicable to the said agreements or facilities in all respects. The Borrower

further agrees that the General Terms attached herewith, including any other relevant agreements or documents shall, to the extent that they are not inconsistent with this Agreement or the General Terms, constitute mutually essential elements and form an integral part of this Agreement. Any breach of any term thereunder by the Borrower shall constitute a breach of this Agreement, in which case the Bank is entitled to demand the Borrower to immediately repay all debts outstanding together with interest at the default rate as well as to exercise any rights to which the Bank is entitled under this Agreement.

In addition to the conditions of utilisation set out under Clause 4 (Utilisation), the Borrower shall comply with the conditions precedent for utilisation of any or all of the facilities and credit limits as set out under the General Terms as well as the conditions precedent specific to each facility and credit limit as follows:

the Borrower’s receipt of approval from the Bank of Thailand regarding foreign exchange control; and

no material adverse change to the business of the Borrower.

In connection with the utilization of Loan for payment of construction costs of the Project, the Borrower shall comply with the following conditions precedent:

the Borrower shall submit evidence that the Borrower has already financed for the construction and land development costs to fulfil investment of equity together with the first utilization; and

the Borrower shall submit invoice and progress report of the construction of the Project for subsequent utilization.

In utilising the facilities hereunder, the Borrower agrees as follows:

Term Loan Facility

June 15, 2011: Baht equivalent to USD 2 million;

September 15, 2011: Baht equivalent to USD 4 million;

December 15, 2011: Baht equivalent to USD 12 million; and

March 15, 2012: Baht equivalent to USD 12 million.

In respect of the Revolving Facility, the Borrower agrees that the Bank, by its sole discretion, may increase, decrease, suspend, restrict or cancel the credit limit or change or modify the conditions of utilisation, whether in whole or in part. The provisions set out hereunder shall not prejudice to the Bank’s right to demand the Borrower to repay the indebtedness under the Revolving Facility whether

in whole or in part before its specified due date including before the maturity date set forth in the relevant bills or notes.

The Borrower agrees to pay the interest over the principal of Loan at the rate of 5.28% (equivalent to 3- month LIBOR + 2.80%) per annum (subject to change with market conditions in accordance with Swap Agreement).

The Borrower agrees to pay the indebtedness under this Agreement in accordance with following procedures:

With respect to the Term Loan Facility, the Borrower agrees to pay the principal and interest in Baht currency in accordance with Schedule 1 attached hereto as an integral part of this Agreement.

The Borrower agrees that the Bank is authorised to deduct any amount in any account of the Borrower opened with the Bank including the following accounts on a quarterly basis or at any time any sum is due and payable by the Borrower under this Agreement for a purpose of repayment of debt of the Borrower as set out hereunder:

In case of Baht: current account, account number 099-1-05185-5 and saving account 099-2-37700-2 opened with [  ] Head Office [/ ] branch Talad Seemummuang Branch.

In case of [  ] US $ [  ] Euro [  ] Yen [  ] Other        -            :     [savings/current]     account, account number        -                 opened with [  ] Head Office [  ] branch                     .

The Borrower agrees to pay to the Bank the following fees and/or the fees in the amount and under the method agreed with the Bank and specified in the separate fee letters:

Up-front fee at the rate of 0.25 % of the total amount of the Loan payable to the Bank in full on the execution date hereof.

Commitment fee at the rate of 1% on the unutilized amount if the Borrower fails to utilize the Loan in accordance with the date specified in (i) –(iv) of clause 4.1 hereunder or the amount utilized is below the amount specified in (i)- (iv) of clause 4.1 hereunder which shall be payable in quarterly installments on the last business day of that quarter.

Extension fee, if any, (for extension of availability period or principal repayment period): at the rate of 1% of the principal amount for which the extension is requested, provided a written

consent is obtained from the Bank and the fee is payable on the execution date of such extension.

Prepayment fee at the rate of 1% of the prepaid principal amount of the Loan payable to the Bank on the prepayment date except that source of fund used for prepayment is derived from the Borrower’s income or increase of the Borrower’s capital.

For Fixed Rate Term Loan, in the case that the Borrower prepays the loan, the Borrower will pay to the Bank on the prepayment date the excess, if a positive number, of (A) the sum of the interest to be received by the Bank from the date of prepayment of the loan to the maturity date of the loan if there were no prepayment over (B) the sum of the interest to be received by the Bank by investing the notional amount of the prepaid loan in the government bond with a similar remaining durations). The yield of the government bond will be interpolated from the closing yields of Thai Government Bonds announced by Thai Bond Market Association (Thai BMA) on Reuter page “0#THTBMABMK=” or Bloomberg on page “TBMA 02” or any reliable sources of Thai Bond Market. If it is a negative number, no break cost shall apply.

Cancellation fee at the rate of 1% of the cancelled amount of Loan payable to the Bank on the cancellation date.

The Facility Agreement and the General Terms including any other documents executed under the Facility Agreement and the General Terms shall be governed and construed by Thai law.

As long as the Borrower has outstanding debts toward the Bank, the Co-Borrower shall maintain:

As long as the Borrower has outstanding debts toward the Bank, Mr. David T. Mitchell shall maintain shareholding ratio in the Co-Borrower and the Borrower shall keep the Bank informed of the change in shareholding ratio held by Mr. David T. Mitchell within 30(thirty) days after the change.

If the Borrower early terminates the Hedging Facility prior to the final repayment of the Loan, the Borrower shall compensate the Bank against any losses, damages, costs, claims, expenses and liabilities, including without limitation to, any loss of bargain, costs of funding and any costs or loss incurred as result of terminating, liquidating, obtaining or re-establishing such hedge or related

trading position) sustained or incurred by the Bank as a result of the Borrower’s early termination whether in whole or in part.

Obligations of each Borrower hereunder shall be jointly and severally.

By:

/s/ Soon Kaewchansilp

( Mr. Soon Kaewchansilp )

  Authorised Director

By:

/s/ David T. Mitchell

( Mr. David T. Mitchell )

  Authorised Director

By:

/s/ Vikran Paovarojkit

( Mr. Vikran Paovarojkit )

Authorized Representative

Signed

/s/ Chancherm Pitaksit

Witness

( Ms. Chancherm Pitaksit )

Signed

/s/ Arunee Kongmalai

Witness

( Mrs. Arunee Kongmalai)

Repayment in Baht

Equivalent

to USD (million)

The following terms and expressions shall have the following meanings:

Where more than 2 (two) rates of such offered interest rate are available, the rate per annum prescribed by the Bank as the maximum lending rate in certain foreign currency in the interbank market in London, England for the period equal to such interest period at or about 11.00 hours (London, England Time) on such day shall apply; or

Where such offered interest rate cannot be determined, the average lending rate offered in certain foreign currency in the interbank market in London, England for the period equal to such interest period at or about 11.00 hours (London, England Time) on such day of bank in London, England shall apply as the Bank deems appropriate.

In making the utilisation under the Facility Agreement, the Borrower agrees as follows:

The Borrower shall utilise the facilities in compliance with methods and conditions prescribed by the Bank and exclusively for the purpose of the Facility Agreement.

The Borrower may receive the facilities under the Facility Agreement as follows:

By himself; or

By the Bank’s transfer of funds into the account of the Borrower and/or any person designated by it with the Bank’s approval; or

By cashier’s cheque payable to the Borrower and/or any person designated by it with the Bank’s approval; or

By documents and/or any other methods as proposed by the Borrower and approved by the Bank.

The Borrower agrees that the amount of each utilisation and the total outstanding debts of the Borrower or the amount utilised or unutilised under the facilities or the contingent liabilities of the Bank, as the case may be, shall not exceed the credit limit set forth under the Facility Agreement unless with the Bank’s consent, or due to change in currency exchange rates or charging of compound interest over current accounts in case of the overdraft facility. The Borrower agrees that the amount in excess of the credit limit shall constitute the facility under the credit limit in which the Borrower is liable to the Bank in all respects.

Conditions precedent of utilisation:

No event of default occurs at the time the Borrower makes the utilisation request.

If the security is provided to the Bank in connection with the facilities, the Borrower shall cause or procure that the security grantor proceed with the due execution of legal perfection in relation to the security as contemplated by the Facility Agreement including submission of relevant documents in accordance with the Bank’s regulations in normal banking practice in all respects unless otherwise provided in the Facility Agreement.

The Borrower shall submit the following documents to the Bank:

The most updated affidavit of the Borrower issued by the Department of Business Development, Ministry of Commerce no earlier than 3 (three) months before the execution date of the Facility Agreement. The affidavit shall contain the following particulars:

Company’s name;

Objectives;

Registered address;

Directors;

Authorised directors; and

Company’s seal, if any.

The most updated memorandum of association and articles of association of the Borrower issued by the Department of Business Development, the Ministry of Commerce no earlier than 3 (three) months before the execution date of the Facility Agreement.

The most updated shareholders’ list of the Borrower issued by the Department of Business Development, the Ministry of Commerce no earlier than 3 (three) months before the execution date of the Facility Agreement.

A copy certified by authorised directors of the Borrower of a resolution of the board of directors of the Borrower approving the execution of the Facility Agreement, authorisation of signing of the Facility Agreement as well as the utilisation request and utilisation receipt in accordance with the articles of association, and such resolution shall remain in full force and effect, legitimate, true, and without any change, amendment or revocation thereof.

A specimen of the signatures of authorised directors of the Borrower in case of execution by the directors, or a power of attorney and a specimen of the signatures of attorneys in case of authorisation of other persons to execute on behalf of the directors, as the case may be.

With respect to each utilisation, the Borrower agrees that it shall comply with the conditions related to utilisation for each type of facilities in accordance with the procedures and forms determined by the Bank, such as execution of utilisation request, issuance of promissory notes, etc. The Borrower further agrees to comply with the rules and regulations as required by law as well as customary practices of the Bank or Bank of Thailand or any other competent agencies in connection with the facilities existing at present and/or in the future in all respects. In addition, the Borrower shall submits necessary documents relating to the application for facilities as required by the Bank.

The Borrower shall execute documents, agreements and requests in the forms, procedures and conditions as necessarily required by the Bank. Such documents or agreements so executed by the Borrower shall form an integral part of the Facility Agreement.

The interest rate shall be calculated as set forth under the Facility Agreement which is based on the principal sum utilised by the Borrower from each utilisation date up until the date where the Borrower’s debts are repaid in full. The Borrower agrees and acknowledges that the calculation of interest under the Facility Agreement shall be in compliance with the customary banking practices including the calculation of compound interest in current account in case of the overdraft facility.

The interest shall accrue at the rate set forth under the Facility Agreement from day to day and shall be calculated on the basis of a 365 day per year if calculated by reference to Baht amounts and a 360 day per year if calculated by reference to amounts in currencies other than Thai Baht on the basis of the actual number of days elapsed during each interest period, with respect to each interest period, starting from the first day of the interest period and ending on the day immediately preceding, but not including, the relevant interest payment date, payable on the last Business Day of the month or on the maturity date of bills, as the case may be.

If the interest is overdue for a period of one year or more under any facility agreement other than the overdraft facility, regardless of whether demand for payment is made by the Bank or not, the overdue interest shall be compounded to the principal sums and such compounded sums shall bear interest at the Default Rate on the outstanding amount.

The Borrower agrees to repay the debt under the procedures specified under the Facility Agreement and other agreements or documents in connection with the Facility Agreement and further agrees to comply with the following terms and conditions:

Where the Bank is liable under claim for payment in foreign currency and the Bank has repaid the same in foreign currency, the Borrower agrees that the Bank may convert such principal sum denominated in foreign currency with the interest, if any into Thai Baht at any time as the Bank deems appropriate. Such conversion shall be based upon the selling rate of the relevant foreign currency for Thai Baht prescribed by the Bank on the conversion date.

Where the Borrower is liable to repay the Bank in foreign currency with respect to the facilities or credit limit, the Borrower shall repay in the foreign currency designated by the Bank and purchased by Thai Baht from the Bank at the selling rate of the relevant foreign currency for Thai Baht prescribed by the Bank on the due date of repayment, or by allowing the Bank to deduct the due amount from the foreign currency account opened with the Bank, or by making repayment in such foreign currency together with the fee prescribed by the Bank.

With respect to utilisation of the Foreign Credit Facility or credit limit in foreign currency, if at any time the principal sum outstanding in Thai Baht after conversion from the foreign currency (at the selling rate of the relevant foreign currency for Thai Baht prescribed by the Bank at the conversion date) increases by more than 10 (ten) per cent of the foreign currency credit limit for at least 7 (seven) consecutive Business Days (using the exchange rate at the date on which each indebtedness is incurred or in the case of multiple utilisation thereof, the average exchange rate), the Bank shall have the right to demand the Borrower to provide additional assets to be pledged or mortgaged or to be placed as additional security in the form

approved by the Bank within the period prescribed by the Bank or the Bank may demand the Borrower to make partial repayment of debt within the period prescribed by the Bank.

In the case where the Borrower fails to pledge, mortgage or provide additional assets as security under Clause 9.3, the Borrower agrees that the Bank shall have the right to convert all outstanding principal sum denominated in foreign currency owed by the Borrower under the Foreign Credit Facility and/or the Facility Agreement into Thai Baht at any time as the Bank deems appropriate. The amount of Thai Baht so converted shall become the outstanding debts owed by the Borrower towards the Bank under the Facility Agreement. Such conversion shall be made at the selling rate of the relevant foreign currency for Thai Baht prescribed by the Bank as at the date deemed appropriate by the Bank for such conversion.

Upon conversion of the principal sum denominated in foreign currency into Thai Baht, the Borrower agrees to pay interest on the principal sum in Thai Baht at the rate prescribed by the Bank with a notice to the Borrower. The interest rate under this notice shall become the interest rate under the Facility Agreement. Furthermore, the Borrower shall comply with any other terms and conditions designated by the Bank, otherwise the Borrower shall be deemed to be in default and the Bank may exercise any of its rights under the Facility Agreement.

So long as the Facility Agreement remains in force, the Borrower makes the representations as follows:

Status

Power and authority

Authorisation

Binding obligations

No proceedings pending or threatened

Compliance with laws and agreements

No misleading information

Encumbrance

Pari passu ranking

Financial statements

Its financial statements were prepared in accordance with the accounting standards applicable to it.

Its annual financial statements fairly represent its financial condition and operations during the relevant financial year as at the date thereof.

Repeated representations

For so long as any amount is outstanding under the Facility Agreement, the Borrower undertakes as follows:

It shall act as follows:

Where the Borrower is a juristic person, it shall inform the Bank of any change with respect to its status as juristic person, as well as its major shareholders, executive officers, authorised directors or partners including the seal of the Borrower, or its amendment of memorandum of association, articles of association or objectives for not more than 14(fourteen) days after to the change which is the registration period with the relevant government authority unless otherwise provided for in the General Terms and Facility Agreement.

Fabrinet Company Limited shall submit to the Bank its annual financial statements comprising the balance sheets, profit and loss statements with report of auditor and notes to financial statements certified by the qualified auditor within 120 (one hundred and twenty) days from the end of accounting period. The Co-Borrower shall submit its annual audited financial statement to the Bank within 90(ninety) days from the end of the end of accounting period and submit its quarter financial statement to the Bank within 45 (forty-five) days from the end of each quarter.

The Borrower shall maintain any licence necessarily required at the relevant time for the Borrower’s business operation in full force and effect at all the time and shall apply for any licence necessary for the Borrower’s business operation within the period required by applicable laws and shall submit a copy thereof to the Bank upon request.

Where there is information or news in public domain affecting the Borrower’s business, the Borrower shall notify the Bank without delay and also provide facts and possible solutions thereof to the Bank, except where the Co-Borrower is a listed company in New York Stock Exchange (NYSE) and has disclosed such information or news to the public and if as a NYSE-listed company the Co-Borrower has not provided the possible solutions thereof to the public, it shall provide facts and possible solutions thereof to the Bank without delay.

The Borrower shall inform the Bank within a reasonable period of time of any legal action or dispute arising between a third party and the Borrower whether as defendant or claimant or liable party or a counterclaimant, or where the Borrower is a claimant of claim against any person for a claim of an amount significant comparatively to its business value.

The Borrower consents that the Bank may disclose, enquire, inspect, record, change and amend credit information to Thai Credit Bureau Co., Ltd., National Credit Bureau Co., Ltd. and/or any other operators of credit information business to be established in the future in relation to credit information and/or any other information of the Borrower maintain by such credit information companies throughout the term of the Facility Agreement, for a purpose of credit and facility approval, review, audit and renewal, debt restructuring, debt payment under any method, acceptance of insurance and/or for any other purposes allowed by the law. In this regard, the Borrower agrees that Thai Credit Bureau Co., Ltd., National Credit Bureau Co., Ltd. and/or any other operators of credit information business to be established in the future may disclose the credit information and any other information of the Borrower to the Bank for the foregoing purposes.

The Borrower shall not:

make any material change to or sell its business operations, or liquidate for a purpose of winding-up or dissolve its business operated by the Borrower as at the date of execution of the Facility Agreement.

reduce its registered capital or merge with other juristic person unless with prior written consent of the Bank, and such juristic person so merged shall be jointly liable with the Borrower for the debts under the Facility Agreement.

repay loan to its directors, shareholders or related persons affiliated business unless the debt owed to the Bank is fully repaid or a prior written consent is obtained from the Bank or for the purpose of the Borrower’s welfare to its directors and employees.

lend money to its directors, shareholders or related persons unless with a prior written consent from the Bank or for the purpose of the Borrower’s welfare to its directors and employees.

declare dividend payment whether in cash or in kind when the Borrower is in payment default or breach of any terms of this Agreement.

dispose, transfer, lease, pledge, mortgage, create encumbrance over or cause to be subject to liability or any condition or otherwise which grants any third party the right over the Borrower’s assets existing at present or in the future unless under except those assets given to the Bank or under the Borrower’s normal course of business, or the Bank’s prior written consent is obtained. At any time if the Borrower provides any securities such as mortgage or pledge and so on in favour of other banks, the Borrower shall provide such securities to the Bank on pro-rata basis.

The Borrower agrees to pay the fee to the Bank in requesting for issuance of a letter of guarantee/acceptance/acceptance of aval under the Facility Agreement at the rate and within the period set out by the Bank in the fee letter which shall form an integral part of the General Terms and Facility Agreement.

The Borrower shall pay the fee with respect to utilisation of each type of the Foreign Credit Facilities and the Hedging Facility under the Facility Agreement at the rate and time set out by the Bank in the fee letter shall form an integral part of the General Terms and Facility Agreement. If the Borrower is in default of payment of the fee, the Bank shall have the right to increase the fee payable from the rate applicable at the time at which the Borrower is in default of payment of the fee with respect to the next utilisation of each type of the Foreign Credit Facilities and the Hedging Facility.

Any and all taxes, stamp duties, fees and other expenses incurred in connection with the Facilities under the Facility Agreement, any survey, security valuation, security valuation review, effecting and renewal of insurance, mortgage, pledge, guarantee, redemption of security, insurance premium including any expense incurred in connection with notice, claim or demand for payment, court’s fees, attorney’s fees, commission, legal execution cost and expense of any nature incurred by the Bank in enter action to enforce payment of debt from the Borrower shall be borne by the Borrower. If the Bank has made any advance for the Borrower, the Borrower shall fully reimburse the Bank the same with interest at the Default Rate from the date on which the Bank has made such advance until it is fully paid. In this regard, the Borrower agrees that the Bank deducts funds from any deposit account the Borrower has with the Bank for such purpose.

If a deduction of tax or any charge in relation to payment to the Bank of any sum under the Facility Agreement or any documents or contracts in connection therewith is required by law, orders, ministerial regulations or rules of government agencies applicable at present or in the future to be made by the Borrower, it shall submit an original or a certified copy of each receipt evidencing payment of such tax or charge which is valid and legitimate to the Bank immediately so that it can utilise such amount of the tax deduction as credit.

If the introduction of or any change in (or in the interpretation of) any law, order, regulation or requirement by courts or competent agencies or the introduction of any order or regulation or requirement by government agencies or Bank of Thailand made after the execution date of the Facility Agreement results in increase in costs of the Bank to make available or to maintain the facilities for the Borrower and/or reduction in interest, fees or any monies payable to the Bank under the Facility Agreement, the Bank shall notify the Borrower of such event and the Bank and the Borrower agree to negotiate to mitigate the damages. However if no law or order allows such negotiation or the Bank and the Borrower fail to agree within 30 (thirty) days from the notice date of the event, the Borrower agrees to make extra payment to the Bank in the amount of the increase in costs or reduction in interest, fees or other monies within a reasonable period of time upon demand by the Bank.

If after the execution date of the Facility Agreement it becomes unlawful for the Bank to make available or to maintain the facilities as a result of the introduction of or any change in (or in the interpretation of) any law, order, regulation or requirement by courts or competent agencies or the introduction of any order or regulation or requirement by government agencies or Bank of Thailand, the Bank shall have the right to suspend the availability of the facilities forthwith and notify the Borrower of such event. The Borrower shall repay, without prepayment fee and any other fees, the debt together with the accrued interest thereon and any sum due to the Bank within the period required by law, or as agreed between the Bank and the Borrower if a longer period is allowed by law or is not required by law.

In case of occurrence of one of the following events;

The Borrower fails to pay any principal sum or interest, or fails to make payment under any bill, or fails to pay any fees or other monies under the Facility Agreement or any other documents or agreements executed in connection with the Facility Agreement, whether in whole or in part.

The Borrower breaches any provision, undertaking, negative undertaking or representation under this General Terms or the Facility Agreement or any other documents made under this General Terms or the Facility Agreement on whatever grounds, other than the default of payment under Clause 18.1.

The Borrower fails to repay debt or breaches any provision under any other agreements made with the Bank or other creditors.

Any evidence or document in relation to the Borrower or the security placed by the Borrower becomes false or the Borrower has utilised the Facilities for purposes other than the purpose approved by the Bank;

The Borrower dissolves its business, or become insolvent, or is put under receivership, or enters into rehabilitation of its business, or is subject to legal proceedings or seizure or attachment of its assets;

Any security given to the Bank is seized or attached by the Bank or third parties;

If the Bank determines in good faith that there is any material event which may have adversely affect the business of the Borrower and/or the ability of the Borrower and/or the guarantor to repay the Bank;

If there is any material event which cause the Bank to believe that it may have adversely affect the business of the Borrower, the Bank shall have the right to amend any terms and conditions, and/or apply any new rate of interest and/or change any interest rate margin and/or increase any fee charged from the Borrower, and/or demand more security in addition to the security given to the Bank, and/or collect a fee for waiver of any applicable terms and conditions or prescribe any other conditions as deemed appropriate by the Bank to be further notified to the Borrower.

The Borrower agrees that it is the sole discretion of the Bank to debit any balance in any of the Borrower’s accounts of all types maintained with the Bank for a purpose of any transaction, or retain any sum the Borrower has or is entitled to receive from by the Bank or any sum owed by the Bank for a purpose of settlement of debts of any type or any payment due and payable by the Borrower to the

Bank under the Facility Agreement or General Terms or any other agreements or documents related thereto without notice to the Borrower. The Borrower further consents that the Bank may exercise its lien or prevent the Borrower from withdrawing such sums until the debts due from the Borrower are repaid in full, regardless of the place of payment or booking branch.

If any provision of the Facility Agreement or the General Terms is or becomes illegal, invalid or unenforceable in any respect under any law, neither the legality, validity or enforceability of the remaining provisions will in any way be affected or impaired.

The Borrower agrees to give its prior written consent that the Bank may dispose or assign any debt or claim under the Facility Agreement, or may assign its rights over mortgage, pledge, guarantee or any security associated with such debt or claim due to the Bank to any third party, whether in whole or in part, with a notice of acknowledgement thereof to the Borrower.

No failure to exercise, nor any delay in exercising, on the part of the Bank, any right under the Facility Agreement shall operate as a waiver of such and other right. No amendment, or waiver with respect to, any provision, or consent to the Borrower to waive any condition or agreement, under the Facility Agreement shall become enforceable unless with a written confirmation from the Bank. And regardless of such confirmation, any waiver or consent so made shall only be for the matter and purpose exclusively expressed in such written confirmation.

No amendment or waiver of any provision under the General Terms and the Facility Agreement as well as any other documents made in connection with the General Terms or the Facility Agreement shall not be made unless with written consent of the Bank.

Any and all communications, notices, demands or any other documents made to the Borrower shall be deemed to be duly served to the Borrower if sent to the address specified in the Facility Agreement, or shall be deemed to be known by the Borrower if sent by way of facsimile or electronic mail to the number or electronic mail address informed by the Borrower to the Bank.

Fabrinet Company Limited (the “Borrower”)

Signed

                     /s/ Soon Kaewchansilp

the Borrower

                    ( Mr. Soon Kaewchansilp )

                        Authorised Director

Fabrinet (the “Co-Borrower” )

Signed

                     /s/ David T. Mitchell

the Borrower

                    ( Mr. David T. Mitchell )

                    Authorised Director

TMB BANK PUBLIC COMPANY LIMITED

Party A:

TMB Bank Public Company Limited, acting through its Bangkok

Office.

Party B:

Fabrinet Company Limited

Trade Date:

12 May 2011

Principal Amount:

USD 2,000,000.00 (As per Appendix A)

THB 60,840,000.00 (As per Appendix A)

Effective Date:

15 June 2011

Termination Date:

15 March 2017, subject to adjustment in accordance with the Modified Following Business Day Convention.

Floating USD Amounts:

Floating Rate Payer:

Party B

Floating Rate Payer

Payment Dates:

The 15th day of each March, June, September and December in each year, commencing on 15 September 2011, through and including the Termination Date, subject to adjustment in according with the Business Day Convention.

Floating Rate Option:

US LIBOR

US LIBOR % per annum, to be fixed at 11.00 am London time, according to Reuters page <LIBOR> determined 2 business days prior to the start of the interest rate period

Designated Maturity:

3 months

Spread:

Plus 2.80 % per annum.

Fixed Date:

Fixed rate on 13 June 2011 will be applied for the first calculation period

Reset Date:

First day of each Calculation Period

Floating Rate Day Count Fraction:

Act/360 (Fixed)

Business Day for USD Payment:

Bangkok and New York

Fixed THB Amounts:

Fixed Rate Payer:

Party A

Fixed Rate Payer

Payment Dates:

The 15th day of each March, June, September and December in each year, commencing on 15 September 2011, through and including the Termination Date, subject to adjustment in according with the Business Day Convention.

Fixed Rate:

5.28% p.a.

Fixed Rate Day Count Fraction:

ACT/365 (Fixed)

Business Days for THB Payment:

Bangkok

Business Day for Fixing:

London

Business Day Convention:

Modified Following Business Day Convention

Calculation Agent:

Party A.

Initial Exchange:

No Initial Exchange

Final Exchange:

Party A Pays THB Amount:

As per Appendix A

Party B Pays USD Amount:

As per Appendix A

Final Exchange Date:

Every 15th day of each March, June, September and December in each year, commencing on 15 June 2012, subject to adjustment in according with the Modified Following Business Day Convention.

Binding Agreement:

Each party represents and warrants to the other party that (a) it is entering into the Transaction as principal, (b) it has full power, capacity, authority and legal right to enter into the Transaction and this Confirmation; and (c) the Transaction and this Confirmation constitutes legal, valid and binding obligations enforceable in accordance with their terms.

Relationship between Parties:

Each party represents to the other party on the date on which it enters into the Transaction that:

(1) Non-reliance - Each party has made its own independent decision to enter into the Transaction and that the Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary to obtain. Each party is not relying on any communication (written or oral) from the other party as investment advice or as a recommendation to enter into the Transaction, it being understood that information and explanations relating to the terms and conditions of a transaction shall not be considered investment advice or a recommendation to enter into that transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of the Transaction except as specified herein.

(2) Assessment and understanding - Each party (on its own behalf or through independent professional advice) is capable of assessing the merits of and understands and accepts the terms, conditions and risks of the Transaction. Each party is also capable of assuming and assumes the risks of the Transaction.

(3) Status of the parties - Neither party is acting as a fiduciary for or as an adviser to the other in respect of the Transaction.

(4) Hedging Purpose - Party B represents to Party A that it enters into the Transaction hereunder for the purpose of hedging its financial risks against the fluctuation of interest rate.

Governing Law and Courts:

The Transaction and this Confirmation shall be governed by and construed in accordance with Thai laws and the parties agree to submit any disputes arising in connection with the same to the non-exclusive jurisdiction of the Thai courts.

Payments to Party A:

USD: to BANK OF AMERICA.NA., NEW YORK

Swift Code: BOFAUS3N

A/C No: 6550598580

A/C Name: TMB Bank Public Company Limited

THB: to BANK OF THAILAND (BOTHTHBP)

A/C No.: 0010039546

For: TMB Bank Public Company Limited

Payments to Party B:

Please Advise

By:

/s/ Nopawan Sermdomrongsak

By:

Name:

Nopawan Sermdomrongsak

Name:

Title:

Authorized Signatory

Title:

By:

/s/ Soon Kaewchansilp

By:

Name:

Name:

Title:

Title:

Notional amount      

(THB)      

Final Exchange      

(USD)      

Final Exchange      

(THB)