The Prime Rate ("P") is the Hong Kong Dollar Prime Rate of DBS Bank (Hong Kong) Limited (the "Bank"). The Prime Rate of the Bank is 5.25% as of 30 Jun 2011. The Annualized Percentage Rate ("APR") is calculated according to the relevant guidelines set out in the Code of Banking Practice. The interest rate will vary whenever the Prime Rate of the Bank changes. Interest is calculated on the basis of a 365-day year.