2.—(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 Agreement dated 15th September 2009 in respect of one Airbus A320-200 aircraft with Manufacturer’s Serial Number 3995:
(a)
Bank of China Limited, Tokyo Branch;
(b)
Bank of China Limited, Macau Branch; and
(c)
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.