http://www.namtai.com
  PRIVATE & CONFIDENTIAL
 
  Re : Employment Contract
  Title
    
    :
    
    Chairman of the Board and Chief Financial OfficerBy entering into this Employment Contract, you
hereby agree to perform diligently and faithfully
all the job duties assigned to you from time to
time by the board of directors of the Company and
to be ultimately responsible to the Company.Job Description
    
    :
    
    You shall carry out your duties as Chairman and
Chief Financial Officer; as all our business
activities are handled by our subsidiary
companies located in Wuxi and Shenzhen of the
Peoples Republic of China (PRC), so you are
only responsible for all matters of the Board and
mainly handling investor relations for the
Company. You shall only make commitments or
incur liabilities on behalf of the Company as
duly authorized.You will be assigned by the Company to work as President of our
wholly owned subsidiary, Nam Tai Electronic & Electrical Products
Limited (the Secondment Company) and as such you are required to
enter into a Secondment Employment Contract with the Secondment
Company, and to be in charge of finance and administration matters
located in Wuxi and Shenzhen of PRC.In consideration of your service to the Company, the Company
shall indemnify you against any costs, expenses and other
liabilities to which you may become subject by reason of your
service to the
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Company.Commencement Date
    
    :
    
    October 1, 2010 (i.e. commencement date of
this Employment Contract).Basic Annual Salary
    
    :
    
    US$12.00 (i.e. US$1.00 x 12 months) without
any incentive bonus.As all your work is now mainly in Namtai
Electronic (Shenzhen) Co., Ltd., a wholly
owned subsidiary of the Secondment Company
in Shenzhen, PRC, you will be on the payroll
of the Secondment Company. As such,
directors fees and grant of share options
of the Company to you which you would
otherwise be entitled in the capacity as a
director of the Company have already all
been cancelled.Benefits
    
    :
    
    You shall be entitled to the same benefits
as other members of the senior management
enjoy as provided in the Employment Handbook
of the Company (the Employment Handbook)
or in accordance with the policies of the
Company. The Company shall also reimburse
you for any reasonable miscellaneous
expenses, i.e. entertainment expenses.The Company also agrees to reimburse you for
the actual amount that you have paid for the
rental charges of your residential apartment
in the amount around US$15,000, and all
utilities bills, such as water, electricity,
telephone bills and so on upon submission of
valid receipts.Annual Leave
    
    :
    
    You will be entitled to 20 working days of
annual leave or the number of days according
to the relevant provisions set out in the
Employment Handbook. All annual leave which
has not been taken will be forfeited and no
payment in lieu thereof will be made to you.Office/Secondment
    
    :
    
    Your office shall be in Hong Kong, PRC but
actually you are required to work mainly in
Namtai Electronic (Shenzhen) Co., Ltd., a
wholly owned subsidiary of the Secondment
Company in Shenzhen, PRC or maybe in
different secondment companies situated in
different cities as the Company may direct
from time to time and you shall not without
reasonable excuse object to such directions
given by the Company or such secondment
Companies.Confidentiality
    
    :
    
    You shall protect and keep confidential all
the Companys business information and
technical information and rights, whether
written or non-written,
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and shall not (except as authorized by the Company) during or
after the termination of employment for whatever reason disclose
to any person, firm or company whatsoever or otherwise make use of
any of the confidential or secret information, trade secrets or
operations, processes, dealings with customers or suppliers,
inventions, designs, copyrights, know-how or any other information
concerning the organization, business, finance, transactions,
trade connections, suppliers, agents, distributors or customers or
affairs of the Company which may come to your knowledge and shall
use your best endeavours to prevent the unauthorized publication
or disclosure of any such confidential or secret information.You shall keep in complete secrecy all confidential information
entrusted to you in the course of employment and shall not use or
attempt to use any such information in any manner whether for your
own benefit or otherwise or which may or may likely injure or
cause loss either directly or indirectly to the Company or their
customers and clients or their business.You shall keep the Company fully indemnified of all the losses and
damages of the Company arising from your default of the
confidentiality obligation.Personal Income Tax
    
    :
    
    You shall be wholly responsible for your
own personal income tax in accordance with
the applicable tax laws in the country
where you are assigned to work and in
whatever jurisdictions. Neither the
Company shall be responsible for any of
your personal income tax matters. We
hereby reserve the right to withhold any
part or whole of your salary if the
relevant local tax authority imposes on the
Company the liability to pay your income
tax.Intellectual Property
    
    :
    
    In consideration of the Basic Annual Salary
and any other benefits to which you are
entitled under this Employment Contract,
you agree with the Company that :-
 (i)
    
    any design, trade name, trade mark, service mark, copyright,
invention or improvement that you may conceive, make, invent,
discover or suggest at any time during the period of your
employment under this Employment Contract, whether during or
outside business hours, whether alone or in conjunction with
any employees of the Company, which may be
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connected in any way with your employment or with
knowledge or information acquired by you in your
employment or with work or tests carried out by the
Company or with goods of a type made or sold or with
services provided by the Company, and whether such
design, trade name, trade mark, service mark, copyright,
invention or improvement are registrable, patentable or
afforded other similar protection or not, shall fully and
freely and immediately be communicated by you to the
Company and shall belong to and be the Companys absolute
property, and, save as is necessary to comply with any of
the Companys requirements under the following paragraph,
you shall not at any time, whether during your employment
hereunder or after its cessation, apply for any letters
patent, registration, copyright or other form of
protection whatsoever in any jurisdiction for any such
design, trade name, trade mark, service mark, copyright,
invention or improvement;(ii)
    
    you shall assign to the
Company any right you may have to a grant of letters patent,
registration, copyright or any other form of protection
whatsoever in any jurisdiction in respect of such design,
trade name, trade mark, service mark, copyright, invention or
improvement and you shall at any time, whether during your
employment or after its cessation, at the request of the
Company, execute all documents and do all acts and things at
the cost of the Company as the Company may request in
connection with the obtaining of letters patent,
registration, copyright or any other form of protection in
any jurisdiction for such design, trade name, trade mark,
service mark, copyright, invention or improvement as
aforesaid and the vesting of same in the Company or in such
other persons as the Company may specify for its exclusive
benefit, or in connection with any litigation or controversy
relating to the same.
 Termination
    
    :
    
    Except for the situation that you have committed a criminal act, should the Company terminate your
employment or this Employment Contract under any circumstance, the Company shall compensate you
with an amount which is equal to 36 months of your basic monthly salary, all bonuses and
allowances and so on that you are entitled at the time of termination.
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Should you personally wish to terminate your employment with the Company or this Employment
Contract, you may do so by giving the Company 1 years (i.e. 12 months) prior notice in writing
of such termination. However, should you suffer from illness or other health conditions which
results in loss of working capacity, you may at any time terminate your employment with the
Company or this Employment Contract immediately.Agreement Voluntary 
Equitable
    
    :
    
    You and the Company acknowledge and declare that in
executing this Employment Contract both parties are relying wholly on
their own judgment and knowledge and have not been influenced to any extent whatsoever by any
representations or statements made by or on behalf of the other party regarding any matters
dealt with herein or incidental thereto.You and the Company further acknowledge and declare that both
parties have carefully considered and understand the terms of
employment contained in this Employment Contract including, but
without limiting the generality of the foregoing, your rights upon
termination and the restrictions after termination, and
acknowledge and agree that the said terms of employment and
restrictions upon termination are mutually fair and equitable, and
that both parties executed this Employment Contract voluntarily
and of own free will.Independent Advice
    
    :
    
    You are entitled to obtain independent legal
advice before signing this Employment
Contract and you represent, by signing this
Employment Contract, that you have either
obtained such advice or declined the
opportunity to do so.Severability
    
    :
    
    If at any time any provision of this
Employment Contract is or becomes illegal,
invalid or unenforceable in any respect, the
legality, validity and enforceability of the
remaining provisions of this Employment
Contract shall not be affected or impaired
thereby and the remaining provisions shall
continue in full force and effect. This
Employment Contract should also supersede all
prior written and/or verbal agreements of the
parties with respect to the employment terms
and conditions set forth herein except as
otherwise expressly provided herein.Governing Law
    
    :
    
    The provision of this Employment Contract
shall be governed by and interpreted in
accordance with the laws
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of Hong Kong, PRC and each of the parties hereto by the execution
of this Employment Contract irrevocably submits to the exclusive
jurisdiction of the courts of Hong Kong, PRC.
      Yours sincerely,For and on behalf ofthe board of directors of
    
    Agreed and accepted by:-Nam Tai Electronics, Inc.
 /s/ Charles Chu
    
    /s/ Koo Ming KownCharles Chu
    
    Koo Ming KownChairman of Compensation Committee
    
    Canadian Passport No.: BA672809
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