Exhibit 10.1
SHAREHOLDERS AGREEMENT
AMONG
INFOCUS CORPORATION
A Cayman Subsidiary of InFocus Corporation
TCL CORPORATION
AND
TCL Optoelectronic Tech (Shenzhen) Co., Ltd.
Dated as of December 14, 2004
with respect to
SOUTH MOUNTAIN TECHNOLOGIES, LTD.
TABLE OF CONTENTS
1.
DEFINITIONS
2.
DESCRIPTION OF THE COMPANY
3.
REPRESENTATIONS AND WARRANTIES
4.
ESTABLISHMENT AND STRUCTURE OF THE COMPANY
5.
DIRECTORS AND BOARD MEETINGS
6.
BUSINESS SCOPE AND BUSINESS MANAGEMENT
7. [a04-15042_1ex10d1.htm#Budgets]
BUDGETS, FINANCIAL INFORMATION AND AUDIT [a04-15042_1ex10d1.htm#Budgets]
8. [a04-15042_1ex10d1.htm#DistributionPolicyAndDeterminationOf]
DISTRIBUTION POLICY AND DETERMINATION OF NET PROFIT
[a04-15042_1ex10d1.htm#DistributionPolicyAndDeterminationOf]
9. [a04-15042_1ex10d1.htm#FinanceForTheCompany]
FINANCE FOR THE COMPANY [a04-15042_1ex10d1.htm#FinanceForTheCompany]
10. [a04-15042_1ex10d1.htm#TransferOfShares]
TRANSFER OF SHARES [a04-15042_1ex10d1.htm#TransferOfShares]
11. [a04-15042_1ex10d1.htm#AmendmentAndAlterationOfTheAgreemen]
AMENDMENT AND ALTERATION OF THE AGREEMENT
[a04-15042_1ex10d1.htm#AmendmentAndAlterationOfTheAgreemen]
12. [a04-15042_1ex10d1.htm#TerminationAndBuyOut]
TERMINATION AND BUY OUT [a04-15042_1ex10d1.htm#TerminationAndBuyOut]
13. [a04-15042_1ex10d1.htm#Duration]
DURATION [a04-15042_1ex10d1.htm#Duration]
14. [a04-15042_1ex10d1.htm#RightsToInformationAndConfidentialit]
RIGHTS TO INFORMATION AND CONFIDENTIALITY
[a04-15042_1ex10d1.htm#RightsToInformationAndConfidentialit]
15. [a04-15042_1ex10d1.htm#Remedies]
REMEDIES [a04-15042_1ex10d1.htm#Remedies]
16. [a04-15042_1ex10d1.htm#Time]
TIME [a04-15042_1ex10d1.htm#Time]
17. [a04-15042_1ex10d1.htm#Severability]
SEVERABILITY [a04-15042_1ex10d1.htm#Severability]
18. [a04-15042_1ex10d1.htm#Survival]
SURVIVAL OF RIGHTS, DUTIES AND OBLIGATIONS [a04-15042_1ex10d1.htm#Survival]
19. [a04-15042_1ex10d1.htm#Costs]
COSTS [a04-15042_1ex10d1.htm#Costs]
20. [a04-15042_1ex10d1.htm#EntireAgreement]
ENTIRE AGREEMENT [a04-15042_1ex10d1.htm#EntireAgreement]
21. [a04-15042_1ex10d1.htm#ConflictWithTheArticles]
CONFLICT WITH THE ARTICLES [a04-15042_1ex10d1.htm#ConflictWithTheArticles]
22. [a04-15042_1ex10d1.htm#NoPartnership]
NO PARTNERSHIP [a04-15042_1ex10d1.htm#NoPartnership]
23. [a04-15042_1ex10d1.htm#Notice]
NOTICE [a04-15042_1ex10d1.htm#Notice]
24. [a04-15042_1ex10d1.htm#FurtherAssurance]
FURTHER ASSURANCE [a04-15042_1ex10d1.htm#FurtherAssurance]
25. [a04-15042_1ex10d1.htm#NoImmunity]
NO IMMUNITY [a04-15042_1ex10d1.htm#NoImmunity]
26. [a04-15042_1ex10d1.htm#DisputeResolution]
DISPUTE RESOLUTION [a04-15042_1ex10d1.htm#DisputeResolution]
27. [a04-15042_1ex10d1.htm#GoverningLaw]
GOVERNING LAW [a04-15042_1ex10d1.htm#GoverningLaw]
28. [a04-15042_1ex10d1.htm#Counterparts]
COUNTERPARTS [a04-15042_1ex10d1.htm#Counterparts]
SCHEDULE 1: [a04-15042_1ex10d1.htm#Schedule1]
LIST OF RELATED CONTRACTS [a04-15042_1ex10d1.htm#Schedule1]
EXHIBIT A: [a04-15042_1ex10d1.htm#ExhibitA]
FORM OF DEED OF ADHERENCE [a04-15042_1ex10d1.htm#ExhibitA]
i
THIS AGREEMENT is made as of December 14, 2004, by and among InFocus
Corporation, a corporation duly organized and existing under the laws of Oregon,
U.S.A., and a wholly-owned Cayman Island subsidiary of InFocus Corporation,
hereinafter "InFocus Cayman" as one party (hereinafter individually and
collectively referred to as "InFocus," as applicable), and TCL Corporation, a
company limited by shares duly organized and existing under the laws of the PRC,
and TCL Optoelectronic Tech (Shenzhen) Co., Ltd. ("TCL Optoelectronic"), a
limited liability company duly organized and existing under the laws of the PRC
(hereinafter individually and collectively referred to as "TCL," as applicable),
as the other party.
WHEREAS:
A.
InFocus Corporation is the worldwide
leader in the development, production and sale of thin displays, front and rear
digital projection systems, engines devices and related products;
B.
TCL Corporation, directly and through its
Subsidiaries, is a leading manufacturer and marketer of televisions,
telecommunication equipment (including fixed line and mobile telephones),
personal computers and peripheral computer equipment, consumer audio and video
products, home appliances and electrical components and products;
C.
The Parties have agreed to establish the
Company (as defined below) as a 50/50 joint venture business between InFocus
Cayman and TCL Optoelectronic, and that the Company will engage in (i) the
design, manufacture, manufacture outsourcing, sale and provision of after sales
service and support for Joint Venture Products (as hereinafter defined) thereof;
(ii) research and development in respect of Joint Venture Products ; and (iii)
contract manufacturing of Joint Venture Products for third parties (the
"Business");
D.
The Parties have agreed that the Business
shall be conducted through South Mountain Technologies, Ltd., a limited
liability company organized under the laws of Cayman Islands (the "Company") and