—(1) There shall be exempt from tax the upfront fees and interest payable by BOC Aviation Pte. Ltd. to the following banks, under the Loan Agreements dated 25th August 2009 in respect of 2 Boeing 737-700 aircraft with Manufacturer’s Serial Numbers 37089 and 37090, respectively:
Bank of China Limited, Tokyo Branch;
Bank of China Limited, Macau Branch; and
Bank of China Limited, Sydney Branch.
(2) The exemption is subject to the terms and conditions specified in the letter of approval dated 29th September 2009 addressed to BOC Aviation Pte. Ltd.