exv4w37



 





Exhibit
4.37




DATED 28 NOVEMBER 2007




J.I.C. TECHNOLOGY COMPANY LIMITED




and




NAM TAI ELECTRONICS, INC.




 






AGREEMENT




supplemental to the agreement dated 24 September 2007

relating to the sale and purchase of

the entire equity interest in

Jetup Electronic (Shenzhen) Co., Ltd.




as supplemented and amended by

a supplemental agreement dated 5 October 2007




 






 









 





I N D E X




	 	 	 	 	 	 	 
	Clause	 	 	 	Page	 
	1.	 	Interpretation
	 	 	1	 
	1A.	 	Agreement supplemental to the Original Agreement
	 	 	5	 
	2.	 	Sale and Purchase
	 	 	5	 
	3.	 	Conditions
	 	 	5	 
	4.	 	Completion
	 	 	7	 
	5.	 	Warranties
	 	 	7	 
	6.	 	Conduct of Business Pending Completion
	 	 	9	 
	7.	 	Costs
	 	 	10	 
	8.	 	Further Assurance
	 	 	10	 
	9.	 	Miscellaneous
	 	 	10	 
	10.	 	Notices
	 	 	11	 
	11.	 	Time of the Essence
	 	 	11	 
	12.	 	Governing Law
	 	 	11	 
	13.	 	Process Agents
	 	 	11	 






Schedules




	 	 	 	 	 	 	 
	Schedule 1	 	Details of the Company
	 	 	13	 
	Schedule 2	 	Tenancies
	 	 	14	 
	Schedule 3	 	Warranties
	 	 	15	 
	Schedule 4	 	Restricted Actions Pending Completion
	 	 	25	 
	 	 	 
	 	 	 	 
	Execution Clause	 	 	27	 






 









 







THIS SUPPLEMENTAL AGREEMENT is dated 28 November 2007 and is made




BETWEEN :-





	(1)	 	J.I.C. TECHNOLOGY COMPANY LIMITED, a company incorporated in the Cayman Islands whose
registered office is at Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111,
Cayman Islands (the “Vendor”); and
	 
	(2)	 	NAM TAI ELECTRONICS, INC. a company incorporated in the British Virgin Islands whose
registered office is at McNamara Chambers, P.O. Box 3342, Road Town, Tortola, British Virgin
Islands (the “Purchaser”).





WHEREAS:-





	(1)	 	By an agreement dated 24 September 2007 made between the Vendor and the Purchaser as
supplemented and amended by a supplemental agreement dated 5 October 2007 (the “Original
Agreement”), the Vendor agreed to sell and the Purchaser agreed to purchase 91% interest in
the Company (as defined hereinafter) (the “Original Transaction”).






	(2)	 	The Vendor and the Purchaser now wish to enter into this Supplemental Agreement to make
amendments to the Original Agreement to reflect the change of certain aspects of the Original
Transaction.





NOW IT IS HEREBY AGREED as follows:-





	1.	 	INTERPRETATION
	 
	1.01	 	In this Supplemental Agreement unless the context otherwise requires:-






	 	(a)	 	the following expressions shall have the following meanings:





	 	 	 	 	 
	 	 	Expression	 	Meaning
	 

	 	“Accounts”
	 	the audited financial statements of the Company
in respect of each of the three financial years
ended on 31 December 2006 and of the six months
ended on 30 June 2007
	 
	 	 	 	 
	 

	 	“Accounts Date”
	 	30 June 2007
	 
	 	 	 	 
	 

	 	“Business Day”
	 	means a day other than a Saturday or Sunday, on
which banks are open in Hong Kong to the general
public for business
	 
	 	 	 	 
	 

	 	“Company”
	 	Jetup Electronic (Shenzhen) Co., Ltd.


 a company incorporated
in the PRC and a wholly owned subsidiary of the
Vendor, certain basic information of which is
set out in Schedule 1






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	 	“Companies Ordinance”
	 	the Companies Ordinance (Chapter 32, as amended
from time to time, of the Laws of Hong Kong)
	 
	 	 	 	 
	 

	 	“Completion”
	 	completion of the sale and purchase of the Sale
Interest in accordance with the terms and
conditions of this Supplemental Agreement
	 
	 	 	 	 
	 

	 	“Completion Date”
	 	the date on which Completion occurs
	 
	 	 	 	 
	 

	 	“Conditions”
	 	the conditions set out in Clause 3.01
	 
	 	 	 	 
	 

	 	“Hong Kong”
	 	the Hong Kong Special Administrative Region of
the People’s Republic of China
	 
	 	 	 	 
	 

	 	“Intellectual Property”
	 	(a)    patents, trade marks, service marks,
registered designs, applications for any of
those rights, trade and business names
(including internet domain names and e-mail
address names), unregistered trade marks and
service marks, copyrights, database rights,
know-how, rights in designs and inventions;

	 
	 	 	 	 
	 

	 	 	 	(b)    rights under licences, consents, orders,
statutes or otherwise in relation to a right in
paragraph (a); and

	 
	 	 	 	 
	 

	 	 	 	(c)    rights of the same or similar effect or
nature as or to those in paragraphs (a) and (b),
in each case in any part of the world

	 
	 	 	 	 
	 

	 	“Listing Rules”
	 	the Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited
	 
	 	 	 	 
	 

	 	“Namtek Acquisition
Agreement”
	 	an agreement dated 5 October 2007 as amended and
supplemented by a supplemental agreement dated
28 November 2007 made between the Vendor and
NTEEP whereby NTEEP agreed to sell and the
Vendor agreed to purchase the entire interest in
(i) Kabushiki Kaisha Namtek Japan; and (ii)
Shenzhen Namtek Co., Ltd., subject to and upon
the terms and conditons thereof






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	 	“NTEEP”
	 	Nam Tai Electronic & Electrical Products
Limited, a company incorporated in the Cayman
Islands and the shares of which are listed on
the Main Board of the Stock Exchange
	 
	 	 	 	 
	 

	 	“PRC”
	 	the People’s Republic of China and, for the
purposes of this Supplemental Agreement,
excluding Hong Kong, Macau and Taiwan
	 
	 	 	 	 
	 

	 	“Sale Interest”
	 	the entire equity interest in the Company
legally and beneficially owned by the Vendor
	 
	 	 	 	 
	 

	 	“Stamp Duty Ordinance”
	 	the Stamp Duty Ordinance (Chapter 117, as
amended from time to time, of the Laws of Hong
Kong)
	 
	 	 	 	 
	 

	 	“Stock Exchange”
	 	The Stock Exchange of Hong Kong Limited
	 
	 	 	 	 
	 

	 	“Taxation”
	 	(i) any liability to any form of taxation
whenever created or imposed and whether of the
PRC or of any other part of the world and
without prejudice to the generality of the
foregoing includes profits tax, provisional
profits tax, interest tax, salaries tax,
property tax, estate duty, death duty, capital
duty, stamp duty, payroll tax, withholding tax,
rates, customs and excise duties and generally
any tax, duty, impost, levy or rate or any
amount payable to the revenue, customs or fiscal
authorities whether of the PRC or of any other
part of the world;
	 
	 	 	 	 
	 

	 	 
	 	
(ii) such an amount or amounts as is referred to
in sub-clause (i) above; and
	 
	 	 	 	 
	 

	 	 
	 	
(iii) all costs, interest, penalties, charges,
fines and expenses incidental or relating to the
liability to taxation or the loss, reduction,
modification, cancellation or deprivation of
relief or of a right to repayment of the
taxation
	 
	 	 	 	 
	 

	 	“Tenancies”
	 	the tenancies and sub-tenancies where the
Company is the lessor or the lessee, particulars
of which are set out in Schedule 2
	 
	 	 	 	 
	 

	 	“Warranties”
	 	the representations, warranties and undertakings
set out in Schedule 3






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	 	“HK$”
	 	Hong Kong dollars, the lawful currency of Hong
Kong
	 
	 	 	 	 
	 

	 	“US$”
	 	the United States dollars, the lawful currency
of the United States of America







	 	(b)	 	words and expressions defined in the Companies Ordinance shall bear the same
respective meanings herein;
	 
	 	(c)	 	reference to any statute or statutory provision shall include any statute or
statutory provision which amends or replaces, or has amended or replaced, it shall
include any subordinate legislation made under the relevant statute;
	 
	 	(d)	 	a body corporate shall be deemed to be associated with another body corporate
if it is a holding company or a subsidiary of that other body corporate or a
subsidiary of a holding company of that body corporate;
	 
	 	(e)	 	references to Clauses and sub-clauses and Schedules are to Clauses and
sub-clauses of and Schedules to this Supplemental Agreement;
	 
	 	(f)	 	references to writing shall include typewriting, printing, lithography,
photography, telecopier, telex and electronic messages and any mode of reproducing
words in a legible and non-transitory form;
	 
	 	(g)	 	words importing the singular include the plural and vice versa, words
importing a gender include every gender and references to persons include bodies
corporate or unincorporate.






	1.02	 	Headings are for convenience only and shall not affect the construction of this Supplemental
Agreement.
	 
	1.03	 	In construing this Supplemental Agreement:-






	 	(a)	 	the rule known as the ejusdem generis rule shall not apply and accordingly
general words introduced by the word “other” shall not be given a restrictive meaning
by reason of the fact that they are preceded by words indicating a particular class of
acts, matters or things; and
	 
	 	(b)	 	general words shall not be given a restrictive meaning by reason of the fact
that they are followed by particular examples intended to be embraced by the general
words.






	1.04	 	The Schedules form part of this Supplemental Agreement and shall have the same force and
effect as if expressly set out in the body of this Supplemental Agreement and any reference to
this Supplemental Agreement shall include the Schedules.




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	1A.	 	 AGREEMENT SUPPLEMENTAL TO THE ORIGINAL AGREEMENT
	 
	1A.01	 	 This Supplemental Agreement shall supplement and be read in conjunction with the Original
Agreement; however where any provision in this Supplemental Agreement is inconsistent with any
provision in the Original Agreement, this Supplemental Agreement shall prevail.
	 
	2.	 	SALE AND PURCHASE 
	 
	2.01	 	On the terms set out in this Supplemental Agreement, the Vendor as beneficial owner shall
sell the Sale Interest to the Purchaser free from all liens, charges, encumbrances, equities
and adverse interests and with all rights attached or accruing thereto at the date hereof
(including the right to receive all dividends and other distributions declared, made or paid
on or after the date hereof) and the Purchaser relying on the representations, warranties,
undertakings and indemnities of the Vendor contained or referred to herein shall purchase the
Sale Interest at Completion.
	 
	2.02	 	The consideration for the sale of the Sale Interest is the sum of HK$381,767,378, which shall
be paid by the Purchaser to the Vendor (or as it may direct) in accordance with Clause
4.01(b).
	 
	3.	 	CONDITIONS
	 
	3.01	 	Completion is conditional upon the following conditions being satisfied on or before 31
December 2007 or such other date as otherwise agreed by the parties hereto (the “Longstop
Date”):






	 	(a)	 	the obtaining in terms acceptable to the Purchaser, of all consents,
approvals, clearances and authorisations of any relevant governmental authorities or
other relevant third parties in the PRC as may be necessary for the execution and
implementation of this Supplemental Agreement;
	 
	 	(b)	 	the Company receiving all relevant consents and approvals from third parties
as may be necessary in connection with the proposed change in shareholding of the
Company so as to ensure that the Company maintains all its existing contractual and
other rights following the transfer of the Sale Interest (including, without
limitation, the consent of the existing bankers of the Company to continue to provide
the existing banking facilities to the Company following the transfer of the Sale
Interest);
	 
	 	(c)	 	the passing at an extraordinary general meeting of the Vendor of ordinary
resolution(s) approving this Supplemental Agreement and the transactions
contemplated by this Supplemental Agreement by the shareholders of the Vendor
(excluding such shareholders who shall be required to abstain from voting under the
Listing Rules); and




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	 	(d)	 	completion of the Namtek Acquisition Agreement becoming unconditional in all
respects (save in respect of any condition relating to completion of this Supplemental
Agreement).






	3.02	 	The Vendor will use all reasonable endeavours (so far as it lies within its powers) to
procure the satisfaction of the Conditions as soon as reasonably practicable and in any event
before the Longstop Date and will promptly notify the Purchaser when each of the said
Conditions have been satisfied.
	 
	3.03	(a)	If at any time the Vendor becomes aware of a fact or circumstance that might prevent a
Condition being satisfied, it will immediately inform the Purchaser.






	 	(b)	If at any time the Purchaser becomes aware of a fact or circumstance that
might prevent a condition being satisfied, it will immediately inform the Vendor.






	3.04	 	If any of the Conditions have not been satisfied on or before the Longstop Date then this
Supplemental Agreement will immediately terminate and all rights and obligations of the
parties shall cease immediately upon termination.
	 
	3.05	 	For avoidance of doubt, the Purchaser agrees and acknowledges that the formal registration
documents to be issued by the relevant PRC governmental authorities evidencing the Purchaser
or its nominee (which may be any of the Purchaser’s subsidiaries) (or the SPV (as defined in
Clause 3.06) as the sole investor of Jetup (the “Jetup Approval Documents”) may not be
available at Completion and that the absence of the Jetup Approval Documents shall not prevent
this Supplemental Agreement becoming unconditional nor the parties proceeding to Completion
PROVIDED that (1) the Vendor can produce an undertaking from the Vendor to the Purchaser that
it will use its best endeavours to procure the issuance of the Jetup Approval Documents; and
that (2) the Vendor hereby agrees and acknowledges that the Sale Interest shall be so held on
trust for the benefits of the Purchaser (or the SPV) from Completion until the issuance of the
Jetup Approval Documents.
	 
	3.06	 	The Purchaser may request the Vendor to procure the transfer of the Sale Interest to a
holding company (“SPV”) prior to Completion, in which case the Vendor shall also deliver to or
to the order of the Purchaser at Completion pursuant to Clause 4.01(a) evidence satisfactory
to the Purchaser that good title to the entire equity capital of the SPV has been
passed to the Purchaser and the Purchaser has been registered as the holder
thereof.




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	4	 	COMPLETION






	4.01	 	Completion of the sale and purchase of the Sale Interest shall take place on the fifth
Business Day following satisfaction or waiver of the Conditions, or such other date as the
Vendor and the Purchaser may agree in writing at Unit C, 17/F, Edificio Comercial Rodrigues,
599 Da Avenida Da Praia Grande, Macao when all (but not part only) of the following business
shall be transacted:-






	 	(a)	 	the Vendor shall deliver to or to the order of the Purchaser evidence
satisfactory to the Purchaser that a good title to the Sale Interest has been passed
to the Purchaser or its nominee (which may be any of the Purchaser’s subsidiaries) and
the Purchaser or its nominee (which may be any of the Purchaser’s subsidiaries) has
been registered as the holder thereof, or, if Clause 3.05 is applicable, the documents
referred to in Clause 3.05; and
	 
	 	(b)	 	the Purchaser shall pay the consideration referred to in Clause 2.02 to the
Vendor, unless the parties hereto agree otherwise.






	4.02	 	No party shall be obliged to complete this Supplemental Agreement or perform any obligations
under Clause 4.01 unless the other party demonstrates that it is able to comply fully with the
requirements of Clause 4.01 simultaneously.
	 
	5	 	WARRANTIES






	5.01	 	The Vendor hereby:-






	 	(a)	 	represents, warrants and undertakes to the Purchaser that each of the
Warranties set out in Schedule 3 is true and accurate in all respects and is not
misleading and accept that the Purchaser is entering into this Supplemental Agreement
in reliance upon each of the Warranties notwithstanding any investigations which the
Purchaser or any of its directors, officers, employees, agents or advisors may have
made and notwithstanding any information regarding the Company which may otherwise
have come into the possession of any of the foregoing;
	 
	 	(b)	 	undertakes to indemnify the Purchaser against all claims, liabilities,
losses, costs and expenses the Purchaser may suffer or incur or which may be made
against the Purchaser either before or after the commencement of and arising out of,
or in respect of, any action in connection with :-






	 	(i)	 	the settlement of any claim that any of the Warranties are
untrue or misleading or have been breached;




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	 	(ii)	 	any legal proceedings in which the Purchaser claims that any
of the Warranties are untrue or misleading or have been breached and in which
judgment is given for the Purchaser; or
	 
	 	(iii)	 	the enforcement of any such settlement or judgment.






	5.02	 	Without prejudice to any other rights and remedies available at any time to the Purchaser
(including but not limited to any right to damages for any loss suffered by the Purchaser) the
Purchaser may (if the effect of any breach of any Warranty is that the Company, or any of its
assets, is worth less than its value would have been if there had been no such breach or that
the Company is or will be under a liability or an increased or substituted liability which
would not have subsisted if there had been no such breach) by notice to the Vendor require it
to make good to the Company the diminution in the value of the asset or all loss occasioned by
such liability or increased or substituted liability by a payment in cash to the relevant
company or to pay to the Purchaser an amount equal to the diminution thereby caused in the
value of the Sale Interest. If any such payment gives rise to a liability to Taxation on the
part of the relevant company or the Purchaser as the recipient thereof, such payment shall be
increased by such an amount as shall ensure that, after payment of such Taxation, the
recipient shall have received an amount equal to the payment otherwise required hereby to be
paid.
	 
	5.03	 	Each of the Warranties shall be construed as a separate Warranty and (save as expressly
provided to the contrary) shall not be limited or restricted by reference to or inference from
the terms of any other Warranty or any other terms of this Supplemental Agreement.
	 
	5.04	 	Any rights to which the Purchaser may be or become entitled by reason of any of the
Warranties being untrue or misleading or breached and all remedies which may be available to
the Purchaser in consequence of any of the Warranties being untrue or misleading or breached
shall enure for the benefit of any associated company of the Purchaser which is the beneficial
owner for the time being of any of the Sale Interest purchased by the Purchaser hereunder and
accordingly any loss which is sustained by such beneficial owner for the time being of the
Sale Interest in consequence of any of the Warranties being untrue or misleading or breached
shall be deemed to be that of the Purchaser and the Purchaser may bring proceedings and
exercise any other remedy on the footing that it has been the beneficial owner of the Sale
Interest at all times from Completion.
	 
	5.05	 	The Vendor shall not be liable in respect of any breach of the Warranties after the earlier
of (i) 31 August 2008; and (ii) the Purchaser ceasing to be the controlling shareholder (as
defined under the Listing Rules) of the Vendor, except in respect of those matters which have
been the subject of a claim made hereunder or in respect of those circumstances which may give
rise to a claim made hereunder and of which notice has been given to the Vendor on or prior to
the earlier of (i) 31 August 2008; and (ii) the Purchaser ceasing to be the controlling
shareholder of the Vendor.




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	5.06	 	The total liability of the Vendor under this Supplemental Agreement shall not exceed
HK$381,767,378.
	 
	5.07	 	The Vendor shall have no liability under this Supplemental Agreement unless the aggregate
amount of all valid claims which could otherwise be made under this Supplemental Agreement
shall exceed HK$500,000.
	 
	5.08	 	The Vendor shall not be liable for breach of any Warranty to the extent that such liability
arises by reason of any act or omission effected by the Purchaser or the Company after
Completion (other than action taken by the Purchaser or on its behalf in establishing that any
of the Warranties being untrue or misleading or breached) or by reason of any retrospective
change in the law coming into force after the date hereof or to the extent such liability
arises or is increased by an increase in rates of taxation after the date hereof with
retrospective effect.
	 
	5.09	 	The Vendor hereby undertakes that it will from time to time and at any time prior to the
earlier of (i) 31 August 2008; and (ii) the Purchaser ceasing to be the controlling
shareholder of the Vendor, forthwith disclose in writing to the Purchaser any event, fact or
circumstance which may become known to them after the date hereof and which is materially
inconsistent with any of the Warranties or which could reasonably be expected materially to
affect a purchaser for value of any of the Sale Interest or which may entitle the Purchaser to
make any claim under this Supplemental Agreement.
	 
	5.10	 	The Vendor shall not, and shall procure that the Company shall not, do or allow or procure
any act or omission before Completion which would constitute a breach of any of the Warranties
if they were given at Completion or which would make any of the Warranties inaccurate or
misleading if they were so given.
	 
	5.11	 	It is hereby agreed between the parties hereto that no party will have the right to rescind
this Supplemental Agreement.
	 
	5.12	 	The Vendor shall not (in the event of any claim being made against the Vendor in connection
with the sale of the Sale Interest to the Purchaser) make any claim against the Company or
against any director or employee
of the Company on whom the Vendor may have relied before agreeing to any term of
this Supplemental Agreement.




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	6.	 	CONDUCT OF BUSINESS PENDING COMPLETION






	6.01	 	The Vendor will procure that the Company shall not (save with the consent of the Purchaser),
prior to Completion (or the termination of this Supplemental Agreement (whichever is
earlier)):






	 	(a)	 	do anything outside its ordinary course of business;
	 
	 	(b)	 	do anything which is not in accordance with its past practices; or
	 
	 	(c)	 	without prejudice of generality of Clauses 6.01(a) and 6.01(b), undertake any
of the activities listed in Schedule 4.






	7.	 	COSTS
	 
	7.01	 	Each party shall pay its own costs, stamp duty and capital duty in relation to the
negotiations leading up to the sale and purchase of the Sale Interest and the preparation,
execution and carrying into effect of this Supplemental Agreement and the transactions
contemplated or referred to herein.
	 
	8.	 	FURTHER ASSURANCE
	 
	8.01	 	Each of the parties hereto undertakes to the other party that it will do all such acts and
things and execute all such deeds and documents as may be necessary or desirable to carry into
effect or to give legal effect to the provisions of this Supplemental Agreement and the
transactions hereby contemplated.
	 
	9.	 	MISCELLANEOUS
	 
	9.01	 	Without prejudice to the provisions of this Supplemental Agreement stipulating that certain
acts, obligations and/or events are to be performed or shall take place on a particular date
or dates, any provision of this Supplemental Agreement which is capable of being performed
after but which has not been performed at or before Completion and all warranties and
indemnities and other undertakings contained in or entered into pursuant to this Supplemental
Agreement shall remain in full force and effect notwithstanding Completion.
	 
	9.02	 	This Supplemental Agreement shall be binding on and enure for the benefit of the successors
of each of the parties but shall not be assignable.
	 
	9.03	 	Any remedy conferred on any party hereto for breach of this Supplemental Agreement (including
the breach of any Warranty) shall be in addition and without prejudice to all other rights and
remedies available to it and the exercise of or failure to exercise any remedy shall not
constitute a waiver by such party of any of its rights or remedies.




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	9.04	 	This Supplemental Agreement constitutes the whole agreement between the parties relating to
the transactions hereby contemplated (no party having relied on any representation or warranty
made by any other party which is not a term of this Supplemental Agreement) and no future
variation shall be effective unless made in writing and signed by each of the parties hereto.
	 
	9.05	 	If at any time any provision of this Supplemental Agreement is or becomes illegal, invalid or
unenforceable in any respect, the remaining provisions hereof shall in no way be affected or
impaired thereby.
	 
	10.	 	NOTICES
	 
	10.01	 	Any notice required or permitted to be given by or under this Supplemental Agreement may be
given by delivering the same to the party in question by delivering it to such party in person
or in the case of a body corporate by delivering it to its registered office for the time
being or by sending it in a prepaid envelope by registered mail to the party concerned at its
address shown in this Supplemental Agreement or to such other address in Hong Kong as the
party concerned may have notified to the others in accordance with this Clause and any such
notice shall be deemed to be served when the same would first be received at the address of
the party to whom it is addressed in the normal course of such method of delivery.
	 
	11.	 	TIME OF THE ESSENCE
	 
	11.01	 	Time shall be of the essence of this Supplemental Agreement.
	 
	12.	 	GOVERNING LAW
	 
	12.01	 	The Original Agreement and this Supplemental Agreement shall be governed by and construed in
accordance with the laws of the PRC and each party hereby submits to the non-exclusive
jurisdiction of the courts of the PRC as regards any claim or matter arising under this
Supplemental Agreement.
	 
	13.	 	PROCESS AGENTS
	 
	13.01	 	The Vendor hereby appoints its company secretary c/o Suite 1506-08, One Exchange Square, 8
Connaught Place, Central, Hong Kong (or such
other person, being resident or incorporated in Hong Kong, as it may by notice to
the other party hereto substitute) to accept service of all legal process arising
out of or connected with this Supplemental Agreement and direct such service to
Unit C, 17th Floor, Edificio Comercial Rodrigues, 599 Da Avenida Da
Praia Grande, Macao and service on Ms. Eve Leung (or such substitute) shall be
deemed to be service on the Vendor.




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	13.02	 	The Purchaser hereby appoints its corporate secretary of Suite 1506-08, One Exchange Square,
8 Connaught Place, Central, Hong Kong (or such other person, being resident or incorporated in
Hong Kong, as it may by notice to the other party hereto substitute) to accept service of all
legal process arising out of or connected with this Supplemental Agreement and service on Mr.
Kee Wong (or such substitute) shall be deemed to be service on the Purchaser.




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SCHEDULE 1




Details of the Company




	 	 	 
	Name

	 	: Jetup Electronic (Shenzhen) Co., Ltd.
	 

	 	


	 
	 	 
	Date of incorporation

	 	: 15 April 1993
	 
	 	 
	Place of incorporation

	 	: Shenzhen, PRC
	 
	 	 
	Registered Office

	 	: 

	 

	 	

	 
	 	 
	Total Investment

	 	: HK$225,400,000
	 
	 	 
	Registered Capital

	 	: HK$181,200,000
	 
	 	 
	Paid Up Capital

	 	: HK$181,200,000
	 
	 	 
	Name of investor on the
certificate of approval

	 	: the Vendor
	 
	 	 
	Directors

	 	: Chui Kam Wai (Chairman)
	 

	 	Yuen Lap Kei
	 

	 	Yeoh Teck Hooi
	 

	 	Koo Ming Kown
	 
	 	 
	Auditors

	 	: Deloitte Touche Tohmatsu
	 
	 	 
	Financial year end

	 	: 31 December






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SCHEDULE 2




Tenancies



A lease under a Factory and Dormitory Lease Contract dated 17 October 2003 made between the Company
(as lessee) and 


(as lessor),
supplemented by three supplemental contracts made between the said parties on 21 July 2004, 13
October 2004 and 1 May 2007, certain particulars of which are set out below:




	 	 	 
	Property :

	 	certain factory premises, staff dormitory, canteen,
escalators, restaurants located at


(1)


	 
	 	 
	Term:

	 	commencing on 1 March 2004 and ending on 29 February 2012
	 
	 	 
	Total rent :

	 	RMB769,070 per month






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SCHEDULE 3




The Warranties



The Vendor hereby warrants and represents to and undertakes with the Purchaser in respect of the
Company that all the information contained in Schedules 1 and 2 is correct and:-





	1.	 	The Sale Interest
	 
	(A)	 	The Vendor is the beneficial owner of the Sale Interest with full authority to sell and
transfer the full legal and beneficial ownership of the Sale Interest registered in its name
to the Purchaser.
	 
	(B)	 	There is no option, right to acquire, mortgage, charge, pledge, lien or other form of
security or encumbrance on, over or affecting any of the Sale Interest or any part of the
unissued share capital of the Company and there is no agreement or commitment to give or
create any of the foregoing and no claim has been made by any person to be entitled to any of
the foregoing which has not been waived in its entirety or satisfied in full.
	 
	(C)	 	The Sale Interest are fully paid up and rank pari passu in all respects with the existing
issued shares of the Company.
	 
	(D)	 	There is no agreement or commitment outstanding which calls for the allotment or issue of or
accords to any person the right to call for the allotment or issue of any shares or debentures
in the Company.
	 
	2.	 	Accuracy and adequacy of information
	 
	(A)	 	The copy of the memorandum and articles of association or other constitutional documents of
the Company produced to the Purchaser is complete and accurate in all respects, has attached
to it copies of all resolutions and other documents required by law to be so attached and
fully sets out the rights and restrictions attaching to each class of share capital of the
relevant company.
	 
	(B)	 	All the accounts, books, ledgers and financial and other records of whatsoever kind including
statutory books of the Company have been properly kept in accordance with normal business
practice and are in its possession or under its control and all transactions relating to its
business have been duly and correctly recorded therein, and there are at the date hereof no
material inaccuracies or discrepancies of any kind contained or reflected in such accounts,
books, ledgers and financial and other records and at the date hereof they give and reflect a
true and fair view of the financial, contractual and trading position of the Company.
	 
	3.	 	Compliance with legal requirements




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	(A)	 	The Company is duly incorporated and validly existing under the law of its place of
incorporation or establishment.
	 
	(B)	 	Compliance has been made in all material respects with all legal and procedural requirements
and other formalities in connection with the Company concerning (a) its memorandum and
articles of association or other constitutional documents (including all resolutions passed or
purported to have been passed) (b) the filing of all documents required by the appropriate
legislation to be filed with the appropriate regulatory bodies in the PRC or elsewhere where
the Company operates (c) issues of shares debentures or other securities (if any) (d) payments
of interest and dividends and making of other distributions, and (e) directors and other
officers.
	 
	(C)	 	There has been no material breach by the Company or any of its officers (in his capacity as
such) of any legislation or regulations affecting it or its business.
	 
	4.	 	Accounts, bank accounts and borrowings
	 
	(A)	 	The Accounts show a true and fair view of the results of the Company for the three financial
years and the six months ended on the Accounts Date and of the assets and liabilities of the
Company as at such date, in each case on the basis stated therein.
	 
	(B)	 	The Accounts:-






	 	(i)	 	comply with the requirements of all applicable legislation;
	 
	 	(ii)	 	were prepared on the same basis and in accordance with the same accounting
policies as the audited accounts of the Company were prepared in the preceding three
years and six months and in accordance with accounting practices generally accepted in
the place of preparation of such accounts at the time they were audited and commonly
adopted by companies carrying on businesses similar to that carried on by the Company;
	 
	 	(iii)	 	(including the management financial information therein) are complete and
accurate in all material respects and in particular make full provision for all bad
and doubtful debts and established liabilities and make proper provision for (or
contain a note in accordance with good accounting practice respecting) all deferred or
contingent liabilities (whether liquidated or unliquidated) at the date thereof;
	 
	 	(iv)	 	give a true and fair view of the state of affairs and financial position of
the Company at the Accounts Date and of the results of the Company for the financial
period covered by the Accounts and the management financial
information therein fairly represent the state of affairs and financial position of
the Company for the period covered by the Accounts;




- 16 -









 












	 	(v)	 	(including the management financial information therein) are not affected by
any unusual or non-recurring items which are not disclosed in the Accounts.






	(C)	 	The Company has no outstanding liability for Taxation of any kind which has not been provided
for in the Accounts.
	 
	(D)	 	The Company has no outstanding capital commitment nor is engaged in any scheme or project
requiring the expenditure of capital which has not been adequately disclosed or provided for
in the Accounts.
	 
	(E)	 	The Company owns free from encumbrance all its undertaking and assets shown or comprised in
the Accounts and all such assets are in its possession or under its control.
	 
	(F)	 	The Company does not hold any security (including any guarantee or indemnity) which is not
valid and enforceable against the grantor thereof in accordance with its terms.
	 
	(G)	 	In relation to all financing arrangements to which the Company is a party:-






	 	(i)	 	there has been no contravention of or non-compliance with any provision or
term of any of the arrangements;
	 
	 	(ii)	 	no steps for the enforcement of any encumbrances have been taken or
threatened;
	 
	 	(iii)	 	there has not been any alteration in the terms and conditions of any of the
said arrangements all of which are in full force and effect;
	 
	 	(iv)	 	nothing has been done or omitted to be done whereby the continuance of the
said arrangements and facilities in full force and effect might be affected or
prejudiced; and
	 
	 	(v)	 	none of the arrangements is dependent on the guarantee of or on any security
provided by a third party, except the existing guarantees provided by the Vendor.






	(H)	 	The total amount borrowed by the Company :-






	 	(i)	 	from its bankers does not exceed its financial facilities; and
	 
	 	(ii)	 	from whatsoever source does not exceed any limitation on borrowing contained
in the relevant articles of association or any other constitutional document binding
on it.




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	(I)	 	Having regard to the existing facilities available to the Company, the Company has sufficient
working capital for the purpose of continuing to carry on its businesses in their present form
and at present levels of turnover and for the purposes of carrying out and fulfilling in
accordance with their terms all orders, projects and other contractual obligations which have
been placed with or undertaken by the relevant company.
	 
	(J)	 	Save as disclosed in the Accounts, the Company has not declared, paid or made any dividend or
other distribution.
	 
	5.	 	Events since the Accounts Date
	 
	 	 	Since the Accounts Date:-
	 
	(i)	 	there has been no material adverse change in the financial condition or prospects of the
Company and the Company has entered into transactions and incurred liabilities only in the
ordinary course of trading;
	 
	(ii)	 	no resolution of the Company in general meeting has been passed other than resolutions
relating to the ordinary business of an annual general meeting;
	 
	(iii)	 	the Company has not declared, paid or made nor is proposing to declare, pay or make any
dividend or other distribution;
	 
	(iv)	 	the financial year end of the Company has not been changed;
	 
	(v)	 	no event has occurred which would entitle any third party (with or without the giving of
notice) to call for the repayment of indebtedness prior to its normal maturity date;
	 
	(vi)	 	the business of the Company has been carried on in the ordinary and usual course of its
business and in the same manner (including nature and scope) as in the past, no fixed asset or
stock has been unusually written down nor any debt written off, and no unusual or abnormal
contract has been entered into by the Company;
	 
	(vii)	 	no asset of the Company has been acquired or disposed of a capital nature, or has been
agreed to be acquired or disposed of, otherwise than in the ordinary course of business and
there has been no disposal or parting with possession of any of its property, assets
(including know-how) or stock in trade or any payments by the Company, and no contract
involving expenditure by it of a capital nature has been entered into by the Company, and no
liability has been created or has otherwise arisen (other than in the ordinary course of
business as previously carried on), the
disclosure of which could reasonably be expected to influence the decision of a purchaser
for value of any or all of the Sale Interest;
	 
	(viii)	 	there has been no disposal of any asset (including stock) or supply of any service or
business facility of any kind (including a loan of money or the letting, hiring or licensing
of any property whether tangible or intangible) by the Company in circumstances where the
consideration actually received or receivable for such disposal or supply was less than the
consideration which could be deemed to have been received for tax purposes wherever
applicable;




- 18 -









 












	(ix)	 	no event has occurred which gives rise to any liability for Taxation to the Company on deemed
(as opposed to actual) income, profits or gains or which results in the relevant company
becoming liable to pay or bear any liability for Taxation directly or primarily chargeable
against or attributable to another person, firm or company; and
	 
	(x)	 	such of the accounts receivables shown in the Accounts and all other accounts receivables
arising since such time which have been realised since the Accounts Date have been realised at
amounts not less than those shown in the Accounts or, in the case of subsequently arising
accounts receivables, their face amount, and no indication has been received that any
receivables now owing to the Company.
	 
	6.	 	Contracts, commitments and financial and other arrangements
	 
	(A)	 	There are not outstanding, nor will there be outstanding at Completion with respect to the
Company :-






	 	(i)	 	any contracts of service with directors or employees which cannot be
terminated by six months’ notice or less or (where not reduced to writing) by
reasonable notice without giving rise to any claim for damages or compensation (other
than a statutory redundancy payment);
	 
	 	(ii)	 	any agreements or arrangements to which the Company is a party for profit
sharing, share incentives, share options, incentive payments or payment to employees
of bonuses (save and except for the existing incentive bonus share already disclosed
to Purchaser);
	 
	 	(iii)	 	save and except for the compliance with the applicable regulatory
requirements, any obligation or arrangement to pay any pension, gratuity, retirement
annuity or benefit or any similar obligation or arrangement in favour of any person;
	 
	 	(iv)	 	any agreement (whether by way of guarantee indemnity warranty representation
or otherwise) under which the Company is under any actual or contingent liability in
respect of :-






	 	(a)	 	any disposal of its assets or business or any part thereof
except such as are usual in the ordinary and proper course of its normal day
to day trading as carried on at the date hereof; or
	 
	 	(b)	 	the obligations of any other person;






	 	(v)	 	any contract to which the Company is a party which is of a long-term and
non-trading nature or contains any unusual or unduly onerous provision disclosure of
which could reasonably be expected to influence the decision of a purchaser for value
of any or all of the Sale Interest;




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	 	(vi)	 	any agreement entered into by the Company otherwise than by way of bargain at
arm’s length;
	 
	 	(vii)	 	any material arrangements (contractual or otherwise) between the Company and
any party or any approvals or franchise granted by any governmental or regulatory
bodies to and which are material to the operation of the Company which will or may be
terminated, withdrawn or materially and prejudicially affected as a result of the sale
of the Sale Interest or of compliance with any other provision of this Supplemental
Agreement; and
	 
	 	(viii)	 	any contract which materially restricts the freedom of the Company to carry on the
business now carried on by it in any part of the world.






	(B)	 	Neither the Company nor the Vendor is aware of any breach of or the invalidity, or grounds
for determination, rescission, avoidance or repudiation, of any material agreement or
arrangement to which the Company is a party or any approval or franchise granted by any
governmental or regulatory bodies to the Company and which is material to the operation of the
Company.
	 
	(C)	 	No charges, rights of security or third party rights of any kind whatsoever have been created
or agreed to be created or permitted to arise over any of the assets of the Company.
	 
	(D)	 	The Company is not under any obligation, nor is a party to any contract, which cannot readily
be fulfilled or performed by it on time and without undue or unusual expenditure of money or
effort.
	 
	(E)	 	The Company is not a party to nor has any liability (present or future) under any loan
agreement, debenture, guarantee, indemnity or letter of credit or leasing, hiring, hire
purchase, credit sale or conditional sale agreement nor has it entered into any contract or
commitment involving, or likely to involve, obligations or expenditure of an unusual or
exceptional nature or magnitude.
	 
	(F)	 	The Company is not a party to any agency, distributorship or management agreement or to any
contract or arrangement which restricts its freedom to carry
on any business which it is authorised to do by its memorandum of association and which is
permitted by law in any part of the world in such manner as it thinks fit.
	 
	(G)	 	The Company has no outstanding bid or tender or sale or service proposal which is material in
relation to its business and which, if accepted, would be likely to result in a loss to it.




- 20 -









 












	(H)	 	Save for any guarantee or warranty implied by law or otherwise in the usual and ordinary
course of its business and on normal commercial terms, the Company has not given any
guarantee or warranty, or made any representation, in respect of goods or services supplied or
contracted to be supplied by it or accepted any liability or obligation that would apply after
any such goods or services had been supplied by it.
	 
	7.	 	Insurance
	 
	(A)	 	The Company has effected and maintains valid policies of insurance in an amount and to the
extent that it is usual to do so in the business carried on by it and in the area in which
such businesses are carried on. All premiums due in respect of such policies of insurance
have been paid in full and all the other material conditions of the said policies have been
performed and observed in full. Nothing has been done or omitted to be done whereby any of
the said policies has or may become void or voidable and none of the said policies is subject
to any special or unusual terms or restrictions or to the payment of any premium in excess of
the usual rate.
	 
	(B)	 	No material claim is outstanding either by the insurer or the insured under any of the said
policies and no claim against the Company by any third party is outstanding in respect of any
risk covered by any of the policies or by any policy previously held by the relevant company.
	 
	(C)	 	Neither the Company nor the Vendor (having made all reasonable enquiries) is aware of any
circumstances which would or might entitle any Company to make a claim under any of the said
policies or which would or might be required under any of the said policies to be notified to
the insurers.
	 
	8.	 	Litigation
	 
	 	 	No significant litigation or arbitration, administrative or criminal or other proceedings
against the Company is pending, threatened or expected and so far as the Vendor (having
made all reasonable enquiries) is aware, there is no fact or circumstance likely to give
rise to any such litigation or arbitration, administrative or criminal or other proceedings
or to any proceedings against any director, officer or employee (past or present) of the
Company in respect of any act or default for which the Company might be vicariously liable.
	 
	9.	 	Insolvency
	 
	(A)	 	No receiver has been appointed in respect of or over the whole or any part of the assets or
undertaking of the Company.
	 
	(B)	 	No petition has been presented, no order has been made and no resolution has been passed for
the winding-up or dissolution of the Company.




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	(C)	 	The Company has not stopped payment or is insolvent or unable to pay its debts.
	 
	(D)	 	No material unsatisfied judgment is outstanding against the Company.
	 
	(E)	 	No event analogous to any of the foregoing has occurred in or outside PRC in respect of the
Company.
	 
	10.	 	Delinquent acts
	 
	 	 	The Company has not committed nor is liable for any criminal, illegal, unlawful or
unauthorised act or breach of any obligation whether imposed by or pursuant to statute,
contract or otherwise. The Company has not received notification of any investigation or
inquiry is being or has been conducted by any governmental or other regulatory body in
respect of the affairs of the Company.
	 
	11.	 	Tax returns
	 
	(A)	 	The Company has, in respect of all years of assessment since incorporation or establishment
falling before the date of this Supplemental Agreement, made or caused to be made all proper
returns, and has supplied or caused to be supplied all information regarding Taxation matters
which it is required to make or supply to any revenue authority (whether in Hong Kong or
elsewhere if applicable ) and there is no dispute or disagreement nor is any contemplated with
any such authority regarding liability or potential liability to any Taxation or duty
(including in each case penalties and interest) recoverable from the Company or regarding the
availability to the Company of any relief from Taxation or duty.
	 
	(B)	 	The Company has sufficient records relating to past events during the six years prior to
Completion to calculate the liability for Taxation or relief which would arise on any disposal
or realisation of any asset owned at the Accounts Date or acquired since the Accounts Date.
	 
	(C)	 	The Company has submitted all claims and disclaimers which have been assumed to have been
made for the purposes of the Accounts.
	 
	12.	 	Stamp and other duties
	 
	 	 	The Company has paid promptly all sums payable by it (if necessary) under the Stamp Duty
Ordinance, the Companies Ordinance and any other Ordinance or legislation and no sums are
presently payable by the Company under any such Ordinance, legislation or regulations.
	 
	13.	 	Employment
	 
	(A)	 	No employee or consultant or former employee or consultant has made or has any claims
whatsoever against the Company exceeding the amount of HK$500,000.




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	(B)	 	Full provision has been made in the Accounts for all and any compensation or severance
payment for which the Company is liable in respect of loss of office, wrongful dismissal,
redundancy or unfair dismissal.
	 
	(C)	 	Save and except for compliance with the relevant statutory requirements, the Company is not
paying, nor is under any liability (actual or contingent) to pay or secure, any pension or
other benefit on retirement, death or disability or on the attainment of a specified age or on
the completion of a specified number of years of service or on termination of employment.
	 
	(D)	 	The Company has no outstanding undischarged liability to pay to any governmental or
regulatory authority in any jurisdiction any contribution, taxation or other impost arising in
connection with the employment or engagement of personnel by it.
	 
	(E)	 	No employee of the Company who is crucial to the operation of Jetup has given notice
terminating his/her contract of employment or is under notice of dismissal. Full details of
all benefits received by any employee otherwise than in cash, and of any benefit received by
any such employee in cash has been disclosed to the Purchaser.
	 
	14.	 	Powers of attorney
	 
	 	 	The Company has not given any power of attorney or other authority (express, implied or
ostensible) which is outstanding or effective to any person to enter into any contract or
commitment on its behalf other than to its employees to enter into routine trading
contracts in the normal course of their duties.
	 
	15.	 	Deductions and withholdings
	 
	 	 	The Company has made all deductions in respect, or on account, of any Taxation from any
payments made by it which it is obliged or entitled to make and has accounted in full to
the appropriate authority for all amounts so deducted.
	 
	16.	 	Interests in companies, partnerships or joint ventures
	 
	(A)	 	The Company has no interest in the share capital of any company or in any partnership or
joint venture.
	 
	(B)	 	The Company has not acted or carried on business in partnership with other person(s) or is a
member of any corporate or unincorporated body, undertaking or associate.
	 
	17.	 	Tenancies
	 
	(A)	 	The Tenancies are all good, valid and subsisting and have in no way become void or voidable..




- 23 -









 












	(B)	 	All covenants, obligations, conditions and restrictions imposed upon the Company under the
Tenancies have been duly and promptly observed and performed.
	 
	(C)	 	The agreements for the Tenancies have all been properly stamped and (if necessary) any forms
and documents required to be lodged in relation thereto with the government or other
authorities have been lodged on time.
	 
	(D)	 	No Tenancies will be subject to avoidance, revocation or be otherwise affected solely upon or
in consequence of the making or implementation of this Supplemental Agreement.
	 
	18.	 	Intellectual property rights
	 
	(A)	 	To the best of the Company’s knowledge and belief, the processes and methods employed, the
services provided, the products used, manufactured, dealt in or supplied and the business
conducted on or before the date of this Supplemental Agreement by the Company do not and at
the time of being employed, provided, used, manufactured, dealt in or supplied or conducted,
did not infringe any Intellectual Property or another person.
	 
	(B)	 	There is and has been no breach nor is there any fact or matter which would or may create a
breach of or otherwise permit termination of any licence or right granted to the Company in
respect of third party Intellectual Property. No notice to terminate any such licences or
rights has been given or threatened.
	 
	19.	 	Repetition at Completion
	 
	 	 	All warranties and representations contained in the foregoing provisions of this Schedule
shall be deemed to be repeated immediately before Completion and to relate to the facts
then existing.




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SCHEDULE 4




Restricted Action Pending Completion



The Vendor shall ensure that the Company shall not do nor agree (conditionally or unconditionally)
to do any of the following (save with the consent of the Purchaser):





	1.	 	dispose of, or grant any option or right of pre-emption in respect of, or acquire, any fixed
asset of the Company with a net book value in excess of HK$200,000;
	 
	2.	 	enter into any transaction, agreement, contract or commitment or acquire or dispose of any
interest in any asset (except in the ordinary course of business as carried on at the date of
this Supplemental Agreement) or assume or incur, or agree to assume or incur, a liability,
obligation or expense (actual or contingent) except in the ordinary course of business;
	 
	3.	 	enter into any joint venture, partnership or profit sharing agreements;
	 
	4.	 	create, extend, grant or issue any mortgage, charge, debenture, pledge, lien, encumbrance or
other security or third party right (other than liens arising in the ordinary course of
business) over any of the assets or the undertaking of the Company;
	 
	5.	 	create, extend or grant any guarantee, indemnity, performance bond or other security or
contingent obligation in the nature of a financial obligation including letters of comfort or
support, save in each case in respect of letters of credit and similar instruments, utility
guarantees and otherwise in the ordinary course of business;
	 
	6.	 	create, allot or issue any shares, loan capital, securities convertible into shares or any
option or right to subscribe in respect of any shares, loan capital or securities convertible
into shares;
	 
	7.	 	declare, pay or make any dividend or distribution;
	 
	8.	 	incur any liability in the nature of a borrowing (other than by bank overdraft or other short
term facility (including for the issuance of letters of credit and similar instruments) in the
ordinary course of business within limits established by the relevant bank at the date of this
Supplemental Agreement);
	 
	9.	 	make or agree to make or approve any capital commitment or approve any capital expenditure in
excess of HK$200,000;
	 
	10.	 	allow any of its insurances to lapse or do anything to make any policy of insurance void or
voidable or would or would be likely to, increase any premium payable in respect of such
policy or prejudice the ability to effect equivalent insurance in the future;




- 25 -









 












	11.	 	alter the provisions of its Memorandum or Articles of Association or other constitutional
documents or adopt or pass regulations or resolutions inconsistent with them;
	 
	12.	 	reduce the share capital of the Company;
	 
	13.	 	engage or dismiss other than for just cause any employee who is crucial to the operation of
the Company or make any material variation to the terms and conditions of employment of any
employee (other than indexation increases in salary in the ordinary course of business) or
provide or agree to provide any gratuitous payment or benefit to any employee or any of their
dependants;
	 
	14.	 	enter into, amend, terminate or dispose of any tenancy or lease agreement in respect of any
property or acquire or dispose of any interest in any property;
	 
	15.	 	appoint any directors or secretaries;
	 
	16.	 	start any civil, criminal, arbitration or other proceedings;
	 
	17.	 	other than in the ordinary course of its business, not to settle, compromise, release,
discharge or compound any civil, criminal, arbitration or other proceedings or any liability,
claim, action, demand or dispute or waive any right in respect of the foregoing;
	 
	18.	 	pass any resolution in general meeting (other than any resolution constituting ordinary
business conducted at an annual general meeting);
	 
	19.	 	make or issue any return or correspondence in connection with Taxation unless for the purpose
of complying with the relevant regulatory requirements;
	 
	20.	 	change the accounting reference date of the Company; or
	 
	21.	 	make any change to the accounting procedures or principles by reference to which its accounts
are drawn up.




- 26 -









 










IN WITNESS whereof this Supplemental Agreement has been entered into the day and year first above
written.




	 	 	 	 	 	 	 
	SIGNED by

	 	 	)	 	 	 
	 

	 	 	)	 	 	/s/ [signature illegible]
	for and on behalf of

	 	 	)	 	 	 
	J.I.C. TECHNOLOGY COMPANY

	 	 	)	 	 	 
	LIMITED

	 	 	)	 	 	 
	in the presence of:- /s/ [signature illegible]
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	SIGNED by

	 	 	)	 	 	 
	 

	 	 	)	 	 	/s/ Koo Ming Kown
	NAM TAI ELECTRONICS, INC.

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	in the presence of:- /s/ [signature illegible]

	 	 	)	 	 	 







- 27 -