Aug 15 (Reuters) - Energy World Corporation Ltd EWC.AX :
* ENTERED BINDING TERM SHEET WITH STANDARD CHARTERED PRIVATE EQUITY (SINGAPORE) PTE
* TERM SHEET FOR PROPOSED INVESTMENT IN EWC AND SCPE'S EXISTING US$50 MILLION EXCHANGEABLE CONVERTIBLE NOTE
* EXISTING US$50 MILLION EXCHANGEABLE CONVERTIBLE NOTE PREVIOUSLY ISSUED BY EWC'S UNIT ENERGY WORLD PHILIPPINES HOLDINGS
* SCPE TO RE-INVEST PROCEEDS OF EXISTING CONVERTIBLE NOTE INTO NEW INSTRUMENT STRUCTURED AS US$50 MILLION LOAN TO EWC, ISSUE OF WARRANTS BY EWC
* LOAN HAS FINAL MATURITY 3 YEARS FROM DATE OF COMMENCEMENT OF LOAN WITH PRINCIPAL REPAYMENTS REQUIRED ON SPECIFIED DATES DURING LOAN TERM