Document:

EX-4.20

 Exhibit 4.20 
 (PRC-law-governed Version) 
  

									
	 To:   HSBC Bank (China) Company Limited,    
	  	 	  	 	Branch	  	  	

 GUARANTEE BY LIMITED COMPANY 
  

	1.	Definitions 

  

					
	 “Bank” means HSBC Bank (China) Company Limited,  
	  	 	  	Branch and its successors and assignees;

 “Banking Facilities” means such facilities as the Bank may make or continue to make
available to the Customer; 
 “Customer” means the person whose name and address are specified in the Schedule;

 “Default Interest” means interest at such rate as the Bank may specify, compounded monthly if not paid on the
dates specified by the Bank; 
 “Exchange Rate” means the rate for converting one currency into another currency
which the Bank determines to be prevailing in the relevant foreign exchange market at the relevant time, such determination to be conclusive and binding on the Guarantor; 
 “Guaranteed Moneys” means (i) all principal in any currency owing by the Customer to the Bank at any time during the Guaranteed Period, actually or contingently, in any capacity,
alone or jointly with any other person, (ii) interest on such principal (both before and after any demand or judgment), to the date on which the Bank receives payment, at the rates payable by the Customer or which would have been payable but
for any circumstance which restricts payment, (iii) other amount owing by the Customer to the Bank under or in relation to the Banking Facilities and (iv) expenses of the Bank in enforcing this Guarantee on a full indemnity basis;

 “Guaranteed Period” means the period commencing from the date of this Guarantee and ending on the date
falling one calendar month after receipt by the Bank of the termination notice referred to in Clause 3.1; 

“Guarantor” means the person whose name and address are specified in the Schedule; 

“Maximum Liability” means the sum specified in the Schedule plus Default Interest on that sum or part thereof (to the
extent that it is not paid by the Guarantor on demand by the Bank) and expenses of the Bank in enforcing this Guarantee on a full indemnity basis; where a liability for Guaranteed Moneys is incurred in a currency different from the currency in which
the Maximum Liability is stated and the equivalent of that liability in the currency in which the Maximum Liability is stated, calculated at the then applicable Exchange Rate upon determination of the liability, has increased since it was incurred,
that increase shall be added to the Maximum Liability; 
 “person” includes an individual, firm, company,
corporation and an unincorporated body of persons; and 
 “PRC” means the People’s Republic of China, for the
purpose of this Guarantee, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan. 
  

	2.	Guarantee 

  

	 	2.1	In consideration of the Banking Facilities, the Guarantor guarantees to pay the Guaranteed Moneys to the Bank on demand provided that the aggregate amount paid by the
Guarantor under this Guarantee shall in no case exceed the Maximum Liability. 

  

	 	2.2	The Guarantor shall pay Default Interest (to the extent that it is not paid by the Customer) on the Guaranteed Moneys from the date of demand by the Bank on the
Guarantor until the Bank receives payment of the whole of the Guaranteed Moneys (both before and after any demand or judgment or any circumstance which restricts payment by the Customer). 

 

	 	2.3	A certificate of balance signed by any duly authorised officer of the Bank shall be conclusive evidence against the Guarantor of the amount of the Guaranteed Moneys
owing at any time. 

  

	 	2.4	The Bank shall be entitled to retain the benefit of this Guarantee as against the Guarantor and any security it has in respect of the Guaranteed Moneys for such period
as the Bank may certify to the Guarantor to be appropriate in order to protect the interests of the Bank in respect of the Guaranteed Moneys. 

 CDT-SEC-015 (300907) 

  
 1 

	3.	Continuing and Additional Security 

  

	 	3.1	This Guarantee is a continuing security and shall secure the whole of the Guaranteed Moneys until one calendar month after receipt by the Bank of notice in writing by
the Guarantor or a liquidator or receiver of the Guarantor to terminate it. Nevertheless and despite the giving of such notice, this Guarantee shall continue to apply to the Guaranteed Moneys in respect of which the Customer is or becomes actually
or contingently liable up to such termination (together with the interest and other amount payable in relation to such Guaranteed Moneys after the termination) and the Guarantor guarantees to pay such Guaranteed Moneys (together with the interest
and other amount payable in relation to such Guaranteed Moneys after the termination) to the Bank on demand whether that demand is made before, at the time of or after such termination. 

 

	 	3.2	The termination notice referred to in Clause 3.1 above shall not be served within the Minimum Guaranteed Term set out in the Schedule hereof. 

 

	 	3.3	This Guarantee is in addition to any other guarantee, mortgage, pledge or other security held by the Bank and shall not be affected by and may be enforced despite the
existence of or any waiver by the Bank regarding any such guarantee, mortgage, pledge or 

	other	security. The Bank shall not be obliged to enforce any other security before enforcing the guarantee hereunder. 

 

	4.	Customer’s Account 

The Bank may, at any time and despite the termination of this Guarantee, continue any existing account and open any new account in the
name of the Customer and no subsequent transactions, receipts or payments involving such new accounts shall affect the liability of the Guarantor. 
  

	5.	Payments 

  

	 	5.1	Payments by the Guarantor shall be made to the Bank as specified by the Bank without any set-off, counterclaim, withholding or condition of any kind except that, if the
Guarantor is compelled by law to make such withholding, the sum payable by the Guarantor shall be increased so that the amount actually received by the Bank is the amount it would have received if there had been no withholding.

  

	 	5.2	Payment by the Guarantor to the Bank shall be in the currency of the relevant liability or, if the Bank so agrees in writing, in a different currency, in which case the
conversion to that different currency shall be made at the Exchange Rate. 

  

	 	5.3	No payment to the Bank under this Guarantee pursuant to any judgment, court order or otherwise shall discharge the obligation of the Guarantor in respect of which it
was made unless and until payment in full has been received in the currency in which it is payable under this Guarantee and, to the extent that the amount of any such payment shall, on actual conversion into such currency, at the Exchange Rate, fall
short of the amount of the obligation, expressed in that currency, the Guarantor shall be liable for the shortfall. 

  

	 	5.4	Any moneys paid to the Bank in respect of the Guaranteed Moneys may be applied in or towards satisfaction of the same or placed to the credit of such account as the
Bank may determine with a view to preserving its rights to prove for the whole of the Guaranteed Moneys. 

  

	 	5.5	If any moneys paid to the Bank in respect of the Guaranteed Moneys are required to be repaid by virtue of any law relating to insolvency, bankruptcy or liquidation or
for any other reason, the Bank shall be entitled to enforce this Guarantee as if such moneys had not been paid. 

  

	6.	Set-off 

 The Bank may, at
any time and without notice, apply any credit balance to which the Guarantor is entitled on any account with the Bank in or towards satisfaction of the Guaranteed Moneys. For this purpose, the Bank is authorised to purchase, at the Exchange Rate,
such other currencies as may be necessary to effect such application with the moneys standing to the credit of such account. 
 CDT-SEC-015
(081106) 

  
 2 

	7.	Waiver of Defense 

 The
Guarantor hereby consents and agrees to each of the following, and agrees that its obligations under this Guarantee shall not be released, diminished, impaired, reduced or adversely affected by any of the following, and waives any statutory or other
rights (including without limitation rights to notice) which it might otherwise have as a result of or in connection with any of the following: 
  

	 	(a)	any amendment to or variation of the terms of the Banking Facilities; 

  

	 	(b)	any adjustment, indulgence, forbearance or compromise that might be granted or given by the Bank to the Customer, the Guarantor or any other party liable for payment of
any or all of the Guaranteed Moneys; 

  

	 	(c)	any release, exchange, subordination or loss of any guarantee or security at any time existing in connection with, or assuring or securing payment of, all or any part
of the Guaranteed Moneys; 

  

	 	(d)	the failure of the Bank or any other party to exercise diligence or reasonable care in the preservation, protection, enforcement, sale or other handling of all or any
part of any security; 

  

	 	(e)	the reorganization, merger or consolidation of the Customer into or with any other person; or 

 

	 	(f)	any other action or omission to act which but for this provision would discharge the Guarantor from any part of its liability under this Guarantee.

  

	8.	Guarantor as Principal Debtor 

 The liability of the Guarantor under this Guarantee shall not be discharged or otherwise affected by reason of the Bank entering into any agreement or arrangement with the Customer or any other person or
by reason of any legal limitation, disability or incapacity or any other act, omission or circumstance which, but for this provision, would discharge the Guarantor to any extent. Any Guaranteed Moneys which may not be recoverable from the Customer
for any such reason shall be recoverable by the Bank from the Guarantor as principal debtor by way of indemnity, on demand, together with Default Interest thereon in accordance with Clause 2.2. 

 

	9.	Subordination 

  

	 	9.1	The Guarantor shall not, until the whole of the Guaranteed Moneys have been received by the Bank, exercise its rights of subrogation, indemnity, set-off or counterclaim
against the Customer or its rights to participate in any security the Bank has in 

 respect of the Guaranteed Moneys
or, unless required by the Bank, to do so, to prove in the bankruptcy or liquidation of the Customer. The Guarantor shall hold any amount recovered, as a result of the exercise of any of such rights, on trust for the Bank and shall pay the same to
the Bank immediately on receipt. 
  

	 	9.2	The Guarantor has not taken any security from the Customer and agrees not to do so until the Bank has received the whole of the Guaranteed Moneys. Any security taken by
the Guarantor in breach of this provision shall be held in trust for the Bank as security for the Guaranteed Moneys and all moneys at any time received in respect thereof shall be paid to the Bank immediately on receipt. 

 

	10.	No Waiver 

 No failure to
exercise, nor any delay in exercising, any of the rights or remedies under this Guarantee shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the
exercise of any other right or remedy. 
  

	11.	Consent 

 The Guarantor
agrees that the Bank may, for such purposes as the Bank may consider reasonably appropriate, disclose and/or obtain information concerning the Guarantor (including details of and relating to all or any transactions or dealings between the Guarantor
and the Bank) to or from: 
  

	 	(a)	any agent, contractor or third party service provider (whether situated within or outside the PRC) which provides administrative, telecommunication, computer, payment,
processing or other services to the Bank in connection with the operation of its business; 

 CDT-SEC-015 (081106) 

  
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	 	(b)	credit reference agencies; 

  

	 	(c)	any person to whom the Bank is under an obligation to make disclosure under the requirements of any applicable laws regulations or judicial process; and

  

	 	(d)	any actual or proposed participant or sub-participant of the Banking Facilities (or any part thereof). 

In the event that such information includes the personal or other data of any third party or individual, the Guarantor confirms and
warrants that it has obtained the consent of such third party or individual to the provision of such data to the Bank for such purposes and for disclosure to such persons as referred to in this Clause. The Guarantor will indemnify and hold the Bank
harmless from all costs, penalties, damages and other losses incurred as the result of any breach of the terms of this Clause. 
  

	12.	Assignment 

  

	 	12.1	The Guarantor may not assign or transfer any of its rights or obligations hereunder. The Bank may assign any of its rights hereunder to a person in whose favour it has
made an assignment of all or any of the Banking Facilities. 

  

	 	12.2	Without prejudice to the foregoing and any right of assignment enjoyed by the Bank under any applicable law or any other document, the Bank may, without the
Guarantor’s consent, assign any and/or all of its rights and obligations hereunder to any HSBC Group member(s) that are/is more than 50% owned or controlled by HSBC Group or to any branch or sub-branch of the Bank. 

 

	13.	Communications 

 Any
notice, demand or other communication under this Guarantee shall be in writing addressed to the Guarantor at its registered office address or at the last address registered with the Bank and addressed to the Bank at its office specified in the
Schedule or such other address as the Bank may notify to the Guarantor for this purpose and may be delivered personally, by leaving it at such address, by post, facsimile transmission or telex and shall be deemed to have been delivered to the
Guarantor at the time of personal delivery or on leaving it at such address or on the second day following the day of posting or on the day of dispatch, if sent by facsimile transmission or telex, and to the Bank on the day of actual receipt.

  

	14.	Severability 

 Each of the
provisions of this Guarantee is severable and distinct from the others and, if one or more of such provisions is or becomes illegal, invalid or unenforceable, the remaining provisions shall not be affected in any way. 

 

	15.	Governing Law and Jurisdiction 

  

	 	15.1	The Guarantee is governed by and shall be construed in accordance with the laws of the PRC. 

 

	 	15.2	The Guarantor submits to the jurisdiction of the court at the place of the principal office of the Bank. Nothing in this Clause 15.2 limits the right of the Bank to
bring proceedings against the Guarantor in connection with this Guarantee in any other court of any competent jurisdiction. 

  

	16.	Execution 

  

					
	 This Guarantee has been entered into by the Guarantor on 
	  	 	  	.

 CDT-SEC-015 (081106) 

  
 4 

 Exhibit 4.20 
 Schedule 
 Address of Bank’s Office (for the purpose of Clause 13 only) 

 

	
	8/F China Resources Building, No. 5001, Shennan Road East, Luohu District, Shenzhen, the PRC

 Details of Customer 
  

			
	 Name
  

Zastron Electronic (Shenzhen) Co., Ltd.
	 	
Address
  
 Namtai Industrial Estate, Gushu, Xixiang, Baoan,
 Shenzhen China

	Wuxi Zastron Precision-Flex Co., Ltd.	 	No. 502 Xida Road, Meicun, Wuxi, China.

 Details of Guarantor 
  

			
	 Name

 
 Namtai Investment (Shenzhen) Co. Ltd.
	 	
Address
  
 Namtai Industrial Estate, 2 Namtai Road, Gushu, Xixiang, Baoan, Shenzhen

 Subject to the definition of Maximum Liability in this Guarantee, the specific amount of the Maximum Liabilities* is:

  

	
	RMB370,000,000

 Minimum Guaranteed Term** 
  

	
	                
    months from the date of this Guarantee.

 Executed by the Guarantor: 
  

					
	 Signature of Authorized
 Signatory
  
 /s/ Koo Ming
Kown
	 	 Signature of Authorized

Signatory
	 	 Company
 Chop

 
 Namtai Investment (Shenzhen)

Co. Ltd.

	 Name: Koo Ming
Kown
  
 Office:
	 	 Name:

 
 Office:
	 
	Identification Document Type and Number	 	Identification Document Type and Number	 

  
  

	*	The Maximum Liabilities shall at least include the principal, any expected interest, default interest, fees and other charges. 

	**	The Minimum Guaranteed Term shall cover at least the last repayment date under any existing and proposed facility, 

  
 5EX-4.21

 Exhibit 4.21 
 CONFIDENTIAL 
 Wuxi Zastron Precision-Flex Co., Ltd 

13 January 2012 
 Attn:
Mr. M. K. Koo 
 Dear Sir, 

BANKING FACILITIES (S/N: 111110) 

We refer to our facility letters dated 21 July 2011, 16 November 2011 and 8 December 2011 (the “Facility Letters”) and are
pleased to advise that the Facility Letters shall be amended as follows: 
  

					
	 Borrower or Customer:
	  	Wuxi Zastron Precision-Flex Co., Ltd
		
		  	The Borrower and Zastron Electronic (Shenzhen) Co Ltd may request utilization of the facilities below and shall be jointly and severally liable any utilization by
other Borrowers.
		
	 Lender:
	  	HSBC Bank (China) Company Limited, Suzhou Branch
		
	 Facility/ Amount:
	  	Replaced by:
		
		  	Tranche I
		
		  	Combined uncommitted revolving facilities comprising of the following for an amount up to USD50,000,000.-,applicable to the Borrower and Zastron Electronic
(Shenzhen) Co Ltd:
		
		  	 (1)    Import Facilities up to USD50,000,000.- (Working Capital
Loan)

		
		  	 (2)    Import Facilities up to USD50,000,000.- (Fixed Asset
Loan)

  
 1 

					
		  	The total outstanding of Tranche 1 at any time shall not exceed USD50,000,000.- in aggregate, and the outstanding of Tranche I for the borrower and Tranche I for
Zastron Electronic (Shenzhen) Co Ltd at any time shall not exceed USD50,000,000.- in aggregate.
		
		  	Tranche II
		
		  	Line for Treasury Products up to USD2,500,000.- applicable to Borrower and Zastron Electronic (Shenzhen) Co Ltd:
		
		  	The outstanding of Tranche II for the borrower and Tranche II for Zastron Electronic (Shenzhen) Co Ltd at any time shall not exceed USD2,500,000.- in
aggregate.
		
		  	Tranche III 
		
		  	Import Facilities up to USD1,558,000.- (Working Capital Loan) 
		
	 Security:
	  	Replaced by:
		
		  	As security, we shall have:
		
		  	 1)      A Corporate Guarantee for RMB370,000,000.- from Namtai Investment (Shenzhen)
Co Ltd (“Guarantor”) to both the borrower and Zastron Electronic (Shenzhen) Co Ltd.

		
		  	 2)      A Cross Guarantee for RMB370,000,000.- between the borrower and Zastron
Electronic (Shenzhen) Co Ltd.

		
		  	The above guarantees also secure the facility granted to Zastron Electronic (Shenzhen) Co Ltd in the Facility Offer Letter dated 13 January 2012.
		
		  	For Tranche III
		
		  	 3)      Marginal deposit for 10% of the facility amount.

		
		  	For the purpose of the security above, this Facility Letter shall be regarded as the continuity of the facility letter it renews and all outstanding indebtedness
under such facility letter is covered by the above security.

  
 2 

 Schedule of Facilities for “Sub-limit (1)-Import Facilities” shall be
replaced by: 
 SCHEDULE OF FACILITIES 
 Import Facilities (sub-limit (1) of Tranche I-working capital loan) 
 Purpose

 To facilitate your documentary credit issuance 
 To finance your working capital requirement, including purchase of raw materials and other goods. 

Utilization: 
  

	1.	Documentary Credit Issuance up to USD50,000,000.- 

 Each Documentary Credit shall have a validity period of not longer than 3 months (or such period acceptable to us); and 
 Each Documentary Credit may be issued for payment at sight or usance of up to 90 days (or such period acceptable to us). 
  

	2.	Loan Against Import (“LAI”) up to USD50,000,000.- to finance funding under the Documentary Credit (Maximum Tenor 90 days) 

 

	3.	Goods under your control and/or Trust Receipts up to USD50,000,000.- (Maximum Tenor 90 days) 

 Drawdown shall be against copies of invoices / Sales contracts / Purchase order, and/or other trading documents may be required by the Bank from time to time. 

Application/request for use of each of the above facilities should be provided to the Bank in form and substance satisfactory to the Bank. Such
application/request once accepted by the Bank shall constitute a part of agreement for the respective facility together with this Facility Letter. In case of any conflict between such application/request and this Facility Letter for any specific
deal, the stipulations in the application/request shall prevail. 
 Interest 

Foreign Currency Loan 
 Interest shall
accrue on each Import loan at a rate equal to 0.55% per annum over LIBOR / SIBOR/ HIBOR of Foreign Currency for 1, 2 or 3 months or any other period as may be determined by the Lender and the principal and all accrued interests shall be paid on
the maturity date of each drawing to the debit of your account with us. 

  
 3 

 Commission 
 Documentary Credits opening commission 
 For each validity of 90 days or part thereof to be
charged as below with minimum charge of USD24.- and payable in full at the time of issuance of all Documentary Credits: 
  

	-	For DC amount below USD100,000.- or its equivalent: 0.10% 

  

	-	For DC amount between USD100,000.- (USD100,000.- inclusive) and USD250,000.- or its equivalent: 0.08% 

 

	-	For DC amount between USD250,000.- (USD250,000.- inclusive) and USD400,000.- or its equivalent: 0.06% 

 

	-	For DC amount above USD400,000.- (USD400,000.- inclusive) or its equivalent: 0.04% 

 Export Documentary Credits/Non- Documentary Credits Bill Handling Commission 
  

	-	First USD75,000.- (USD75,000.- inclusive) or equivalent: 0.125% 

  

	-	Between USD75,000.- and USD300,000.- (USD300,000.- inclusive) or equivalent: 0.0625% 

 

	-	Balance in excess of USD300,000.- or equivalent: 0.03125% with minimum amount of USD35.-. 

 Commission in lieu of exchange 
 Waived 

Other Fees and Commission: as per prevailing Tariff of Accounts and Services for Corporate Customers issued by the Bank. 

Default Interest 
 Default
Foreign Currency LA 
 Default interest will be charged for overdue amount as a rate equal to 3% per annum over the stipulated interest
rate and payable upon demand by the Bank. 
 Prepayment 
 Unless otherwise agreed by the Bank, no prepayment is allowed under Import Loan. 

  
 4 

 Schedule of Facilities for “Sub-limit (2)-Import Facilities” shall be
replaced by: 
 SCHEDULE OF FACILITIES 
 Import Facilities (sub-limit (2) of Tranche I-fixed asset loan) 
 Purpose

 To facilitate your documentary credit issuance 
 To finance your following fixed asset investment requirement: machinery purchase 

Utilization 
  

	1.	Documentary Credit Issuance up to USD50,000,000.- 

 Each Documentary Credit shall have a validity period of not longer than 7 months (or such period acceptable to us); and 
 Each Documentary Credit may be issued for payment at sight or usance of up to 270 days (or such period acceptable to us). 
  

	2.	Loan Against Import (“LAI”) up to USD50,000,000.- to finance funding under the Documentary Credit (Maximum Tenor 90 days) 

 

	3.	Goods under your control and/or Trust Receipts up to USD50,000,000.- (Maximum Tenor 90 days) 

 Drawdown shall be against copies of invoices / Sales contracts / Purchase order, and/or other trading documents may be required by the Bank from time to time. 

Application/request for use of each of the above facilities should be provided to the Bank in form and substance satisfactory to the Bank. Such
application/request once accepted by the Bank shall constitute a part of agreement for the respective facility together with this Facility Letter. In case of any conflict between such application/request and this Facility Letter for any specific
deal, the stipulations in the application/request shall prevail. 
 Interest 

Foreign Currency Loan 
 Interest shall
accrue on each Import loan at a rate equal to 0.55% per annum over LIBOR/ SIBOR/ HIBOR of Foreign Currency for 1, 2 or 3 months or any other period as may be determined by the Lender and the principal and all accrued interests shall be paid on
the maturity date of each drawing to the debit of your account with us. 

  
 5 

 Commission 
 Documentary Credits opening commission 
 For each validity of 90 days or part thereof to be
charged as below with minimum charge of USD24.- and payable in full at the time of issuance of all Documentary Credits: 
  

	-	For DC amount below USD100,000.- or its equivalent: 0.10% 

  

	-	For DC amount between USD100,000.- (USD100,000.- inclusive) and USD250,000.- or its equivalent: 0.08% 

 

	-	For DC amount between USD250,000.- (USD250,000.- inclusive) and USD400,000.- or its equivalent: 0.06% 

 

	-	For DC amount above USD400,000.- (USD400,000.- inclusive) or its equivalent: 0.04% 

 Export Documentary Credits/Non- Documentary Credits Bill Handling Commission 
  

	-	First USD75,000.- (USD75,000.- inclusive) or equivalent: 0.125% 

  

	-	Between USD75,000.- and USD300,000.- (USD300,000.- inclusive) or equivalent: 0.0625% 

 

	-	Balance in excess of USD300,000.- or equivalent: 0.03125% 

   with minimum amount of USD35.-. 
 Commission in lieu of exchange 

Waived 
 Other Fees and Commission: as per
prevailing Tariff of Accounts and Services for Corporate Customers issued by the Bank. 
 Default Interest 

Documentary Credit Issuance 
 Default
interest will be charged for overdue amount (as well as amount not paid on demand) at 3% p.a., or such higher rate as the Bank may from time to time determine and payable upon demand by the Bank. 

Foreign Currency LAI 
 Default interest
will be charged for overdue amount as a rate equal to 3% per annum over the stipulated interest rate and payable upon demand by the Bank. 

Prepayment 
 Unless otherwise
agreed by the Bank, no prepayment is allowed under Import Loan. 

  
 6 

 SCHEDULE OF FACILITIES 

Import Facilities (Tranche III-working capital loan) 
 Purpose 
 To facilitate your documentary credit issuance 

To finance your working capital requirement, including purchase of raw materials and other goods. 

Utilization 
  

	1.	Documentary Credit Issuance up to USDl,558,000.- 

 Each Documentary Credit shall have a validity period of not longer than 3 months (or such period acceptable to us); and 
 Each Documentary Credit may be issued for payment at sight or usance of up to 20 March 2012 (or such period acceptable to us). 

 

	2.	Loan Against Import (“LAI”) up to USDl,558,000.- to finance funding under the Documentary Credit 

(Maximum Tenor: up to 20 March 2012) 
  

	3.	Goods under your control and/or Trust Receipts up to USDl,558,000.- (Maximum Tenor: up to 20 March 2012) 

Drawdown shall be against copies of invoices / Sales contracts / Purchase order, and/or other trading documents may be required by the Bank from time to
time, 
 Application/request for use of each of the above facilities should be provided to the Bank in form and substance satisfactory to the
Bank. Such application/request once accepted by the Bank shall constitute a part of agreement for the respective facility together with this Facility Letter. In case of any conflict between such application/request and this Facility Letter for any
specific deal, the stipulations in the application/request shall prevail. 
 Interest 

Foreign Currency Loan 
 Interest shall
accrue on each Import loan at a rate equal to 0.55% per annum over LIBOR/ SIBOR/ HIBOR of foreign currency for 1, 2 or 3 months or any other period as may be determined by the Lender and the principal and all accrued interests shall be paid on
the maturity date of each drawing to the debit of your account with us. 

  
 7 

 Commission 
 Documentary Credits opening commission 
 For each validity of 90 days or part thereof to be
charged as below with minimum charge of USD24.- and payable in full at the time of issuance of all Documentary Credits: 
  

	-	For DC amount below USD100,000.- or its equivalent: 0.10% 

  

	-	For DC amount between USD100,000.- (USD100,000.- inclusive) and USD250,000.- or its equivalent: 0.08% 

 

	-	For DC amount between USD250,000.- (USD250,000.- inclusive) and USD400,000.- or its equivalent: 0.06% 

 

	-	For DC amount above USD400,000.- (USD400,000.- inclusive) or its equivalent: 0.04% 

 Export Documentary Credits/Non- Documentary Credits Bill Handling Commission 
  

	-	First USD75,000.- (USD75,000.- inclusive) or equivalent: 0.125% 

  

	-	Between USD75,000.- and USD300,000.- (USD300,000.- inclusive) or equivalent: 0.0625% 

 

	-	Balance in excess of USD300,000.- or equivalent: 0.03125% with minimum amount of USD35.-. 

 Commission in lieu of exchange  
 Waived 

Other Fees and Commission: as per prevailing Tariff of Accounts and Services for Corporate Customers issued by the Bank. 

Default Interest 
 Foreign
Currency LAI 
 Default interest will be charged for overdue amount as a rate equal to 3% per annum over the stipulated interest rate
and payable upon demand by the Bank. 
 Prepayment 
 Unless otherwise agreed by the Bank, no prepayment is allowed under Import Loan. 

  
 8 

 Schedule of Facilities for “Line for Treasury Products” shall be replaced by:

 SCHEDULE OF FACILITIES 
 Line for Treasury Products 
  

					
	Line for Treasury Products:	  	  
 The risk-weighted limit of the products to be
traded, including but not limited to, plain vanilla foreign exchange forward/foreign exchange swap trades (“Plain Vanilla Forward/Swap Trades”) and other derivative trades (“Other Derivative Trades”, together with Plain Vanilla
Forward/Swap Trades, “Trade” or “Trades”) must not exceed the limit as set out below at any time. The Bank may allocate the limit within the products below or other products as agreed to be traded between the Bank and the
Customer from time to time.

		
		  	Revised as below:
			
		  	Facility Limit (expressed in risk-weighted limit and represented in below currency or its equivalent in any other currency including RMB, calculated at the then prevailing
spot exchange rate)	  	Maximum Tenor (unless prior arrangement between the parties)
			
		  	Total Limit of Line for Treasury Products not exceeding USD2,500,000.-	  	12 months
		
		  	Products that can be traded under the Line for Treasury Products
		
		  	Foreign Exchange Trades (including Plain Vanilla Forward/Swap Trades)
		
		  	The aggregate amount of utilisation under the Facility will be calculated by the Bank on a risk-weighted basis using its standard risk-weighting algorithms. These
will use different weightings for different products. The aggregate amount of utilisation under the Facility shall be as calculated by the Bank, such calculation to be conclusive.

  
 9 

 Purpose and 
 Supporting Documents: 
  

			
		
		  	The Customer undertakes that it shall enter into Plain Vanilla Forward/Swap Trades or Other Derivative Trades contemplated under this Facility Letter with the Bank only to cover
trade related exchange exposure incurred in the normal course of business and/or other exchange exposure to the extent permitted by law (the “Purpose”), and that it shall be solely responsible for providing any documents evidencing the
Purpose and any other additional information and/or supporting documents as requested by the Bank from time to time (the “Supporting Documents”) to the Bank to the latter’s satisfaction to facilitate the entry into and settlement of
any Trade. For avoidance of doubt, the Bank may require any such Supporting Documents from the Customer from time to time, whether before or after the entry into or the settlement of the relevant Trade. The Bank shall have the right (but not the
obligation) to rely on the Supporting Documents provided by you without further verification.
		
		  	In the case of your breach of any obligation, undertaking, representation or covenant hereunder or in any other document relating to the Facility or the Trades (including, but
not limited to, your failure to or delay in providing any Supporting Documents to the Bank’s satisfaction), the Bank shall have the sole discretion to close out any or all of the outstanding transactions under the Facility and the Trades and
demand settlement of the balance due. Without prejudice and in addition to any general lien, right of set-off or other right which the Bank may have on any account whatsoever, the Customer agrees that the Bank may at any time and without prior
notice apply any monies held in any currency to the credit of any account or any other account in the name of the Customer against any settlement amount that the Customer owes to the Bank. If as a result of such settlement, there are payables to
you, the Bank shall have the right to retain for its own account such payables without the need to making such payments to you.
		
	Worst Case Scenario Of Plain Vanilla Forward/Swap Trade:	  	
		
		  	In relation to plain vanilla forward/swap transactions, the worst case scenario refers to as follows. If on each settlement date for forward/swap transactions the spot exchange
rate (represented by numbers of converted currency per one base currency) were to increase to an infinite number (in the case the Customer sells base currency and buys converted currency) or to decrease to a near-zero number (in the case the
Customer sells converted currency and buys base currency), the Customer would still have to settle the transactions on the original agreed settlement rate, in which case the Customer would pay all of the notional amounts in the currency originally
agreed to pay and receive the amount in the currency originally agreed to receive, and the current value represented by the amount of currency received by the Customer on such settlement date would be minimal.

  
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	Dealing Procedures:	  	Application
		
		  	In relation to a Plain Vanilla Forward/Swap Trade (including where you request for rollover or early settlement in respect of any Plain Vanilla Forward/Swap Trade by entering
into reversal transactions and new transactions with the Bank), you shall apply for and give trading instructions regarding the Plain Vanilla Forward/Swap Trade to the Bank by means of email, telephone or other method acceptable to the Bank,
provided that any communication made by email, telephone or other method acceptable to the Bank shall contain information necessary for the Bank to proceed with the relevant Plain Vanilla Forward/Swap Trade, or shall be made in such other specific
form as required by the Bank from time to time. In relation to forward/swap transactions, if you request for rollover in respect of any original transactions by entering into reversal transactions and new transactions with the Bank, the netting
gains or losses generated after offsetting the reversal transactions against the original transactions must be settled between you and the Bank on the maturity date of the original transactions.
		
		  	In relation to an Other Derivative Trade, you shall complete and submit a written application, which shall be in a form acceptable to the Bank and contain, among the others,
trading details deemed necessary by the Bank and execute other documents as requested by the Bank from time to time.
		
		  	Any application regarding a Trade (whether made by means of email, telephone, written application form or other method acceptable to the Bank, the “Application”) is
irrevocable unless otherwise agreed by the Bank in writing and the Bank shall have the right to act on the Application without the need to give any prior written or verbal confirmation to you.
		
		  	The Bank shall have the sole discretion to decide whether to reject or act on such Application.
		
		  	You confirm that all the information stated in the Application and the Supporting Documents provided to the Bank from time to time are authentic, accurate and non-misleading, and
can be relied on by the Bank.

  
 11 

			
		  	If the Bank receives any Application after its cut-off time, the Bank will process that Application on the following working day.
		
		  	Confirmation
		
		  	You shall sign and return to the Bank the trading confirmation relating to the Trade sent by the Bank via delivery of original copy, fax, SWIFT or other method acceptable to the
Bank. Any failure or delay by you in doing so will not affect the completion of the relevant Trade nor discharge your obligations under this Facility Letter or other documents relating to that Trade.
		
	Fax / Email / Telephone:	  	  
 By entering into this Facility Letter, you expressly and
irrevocably agree that you will, unless otherwise requested by the Bank, (i) deal with the Bank via email, telephone or other method acceptable to the Bank in relation to the Plain Vanilla Forward/Swap Trades, and (ii) (where applicable and
permitted by the Bank) confirm the trading details deemed necessary by the Bank via email, telephone or fax in relation to Other Derivative Trades, and accept the risk of equipment malfunction including paper shortages, transmission errors,
omissions and distortions arising out of such communications.

		
		  	You also expressly and irrevocably agree that the Bank may, to the extent permitted by applicable laws and regulations, record any telephone conversation conducted between the
Bank and you, retain such records and use them in such manner as the Bank considers appropriate.
		
	Representations:	  	The Customer makes the following representations to the Bank which representations will be deemed to be repeated by the Customer on each date on which a Trade contemplated
hereunder is entered into:
		
		  	(i) each Trade is directly linked to the underlying assets/liabilities evidenced by the supporting documents (if any) provided by the Customer, these underlying
assets/liabilities are real and authentic, and there does not exist any unsettled derivative transaction exposure linked to these underlying assets/liabilities;

  
 12 

			
		  	(ii) the Customer enters into the Trades for the sole purpose of hedging, and not for speculation;
		
		  	(iii) the execution, delivery and performance of the relevant master agreement or any credit support agreement and the transactions thereunder do not violate or conflict with any
laws, regulations, rules, circulars, any order or judgment of any court or other agency of government applicable to the Customer or any provision of the Customer’s constitutional documents and/or other internal or intra-group rules each
including but not limited to any requirement on transaction type, quota, term, position limitations, liquidity, profitability, foreign exchange, hedging purpose, and/or risk management;
		
		  	(iv) the person(s) who execute(s) the relevant master agreement, instructions, confirmations and any other documents relating to the Trades have been duly authorised by the
Customer in accordance with PRC law and any provision of the Customer’s constitutional documents;
		
		  	(v) the Customer has fully and completely understood the terms and risks of the Trades, the Trades are consistent with the purpose as set out in item (ii) mentioned above, and
the Customer is capable to sustain the worst case scenario as described in the term sheet or other documents (if applicable) of the Trades;
		
	Payment:	  	Both you and the Bank agree that if payment under any Trade remains to be payable by both you and the Bank on the same day, the Bank shall not be required to make the payment due
from the Bank to you on that day until the time when the Bank has received confirmation that the Bank has received the payment due from you on that day in full at the Bank’s designated account.
		
		  	The Bank shall not be liable to you for any interest, loss, expense or any other cost associated with any delayed payment by the Bank as a result of acting in accordance with the
foregoing procedures provided that the Bank has acted promptly and in good faith.
		
		  	Without prejudice to any set-off right entitled to the Bank, you shall place sufficient funds in the account as designated in the Application to meet your payment obligations for
the relevant Trade.

  
 13 

			
	Fax / Email / Telephone Indemnity:	  	  
 With respect to any Applications, instructions or confirmations
sent by means of email, telephone or fax (collectively, the “Indemnified Instruments”), you agree in consideration of the Bank receiving and acting upon such Indemnified Instruments without requiring a written document bearing an actual
signature or actual signatures, as follows:

		
		  	 (1)     the records of such Indemnified Instruments kept by the Bank shall be, in the absence of
manifest error, the final and conclusive evidence of such Indemnified Instruments;

		
		  	 (2)     the Bank shall be entitled to assume without further enquiry that any Indemnified Instrument
purporting to be that of any person authorized by you, is that of such person and genuine and is binding upon you;

		
		  	 (3)     the Bank is hereby irrevocably and unconditionally authorised to accept and to act on any
Indemnified Instruments which the Bank in its sole discretion believes emanates from you and shall not be liable to you for acting in good faith in reliance thereon;

		
		  	 (4)     the Bank shall not be liable for, and you hereby waive to the fullest extent permitted by
law, any right which you may now or hereafter have to claim against the Bank in. connection with any misunderstanding, mutilation, delay or faulty transmission of any Indemnified Instruments; and

		
		  	 (5)     you hereby undertake to keep the Bank indemnified at all times against, and to keep the Bank
harmless from, all loss, damages, costs and expenses which may be suffered by the Bank as a result of the Bank accepting and/or acting upon any such Indemnified Instruments.

		
		  	The Bank reserves the right to refuse to accept or act upon any Indemnified Instrument or any part thereof without incurring any responsibility for loss, liability or expense
arising out of such refusal, if, at the Bank’s sole discretion:
		
		  	 (1)     such Indemnified Instrument is or proves to be in conflict with any applicable laws or
regulations;

		
		  	 (2)     there is any ambiguity, incompletion or conflict in respect of such Indemnified Instrument,
until the ambiguity, incompletion or conflict has been resolved to the Bank’s satisfaction; or

  
 14 

			
		  	 (3)     the Bank has reasonable doubt in relation to such Indemnified Instrument’s contents,
authorization, origination or compliance with the Bank’s requirements.

		
	 Other

Indemnity:
	  	  
 Where the Bank accepts your request for (i) rollover or early
settlement in respect of any Trade by entering into reversal transactions and new transactions with the Bank, or (ii) reversal of any Trade, you shall fully indemnify the Bank against any losses, damages and expenses arising from the Bank’s
entering into the reversal deal and/or net settling the reversal deal against the original deal as mentioned above.

		
	Acknowledgement:	  	You hereby acknowledge and undertake that, in connection with this Facility Letter and the Trades:
		
		  	 (1)     you are not relying and will not rely upon any advice (whether written or oral) of the other
party to this Facility Letter or the Trades, other than the representations expressly set forth in this Facility Letter or the Trades;

		
		  	 (2)     you have made and will make your own decisions regarding the execution of this Facility
Letter and the Trades based upon your own judgment and/or advice from your own professional advisers as you have deemed necessary to consult with;

		
		  	 (3)     you fully understand and accept the terms, conditions and risks of this Facility Letter and
the Trades and are willing to assume (financially and otherwise) those risks, and you agree to the risk disclosure statements as set out in the Risk Disclosure Statement attached to this Facility Letter; and

		
		  	 (4)     you are entering, and will enter, into this Facility Letter, the Trades and other documents
as principal, and not as agent or in any other capacity, fiduciary or otherwise.

		
	Master Agreement:	  	Subject to the paragraph below, any transaction entered into pursuant to this Facility Letter or any Trade shall be subject to the ISDA Master Agreement or FX Master Agreement or
any other master agreement executed by and between the Bank and the Customer.

  
 15 

			
		  	The Bank may waive temporarily the requirement to sign any master agreement with the Customer for the transactions under the facilities. In the absence of any ISDA Master
Agreement or FX Master Agreement or any other master agreement executed by and between the Bank and the Customer, any Trade (together with all other documents referring to the 2002 ISDA Master Agreement (the “ISDA Form”) entered into
between the Bank and the Customer) shall be governed by the ISDA Form as if the Bank and the Customer had executed an agreement in such form on the Trade Date as of the first Trade between the Bank and the Customer (but without any schedule except
for the election of the laws of the PRC as the governing law, the submission of any dispute in connection with the ISDA Form to the Shanghai Sub-Commission of China International Economic and Trade Arbitration Committee by arbitration for final
settlement, USD as the Termination Currency and any other elections set out in the relevant trade documentation). The foregoing provisions in this paragraph shall apply, if the parties agree to use the ISDA Form to govern the Trades even though we
have executed the FX Master Agreement.
		
		  	The waiver in the foregoing paragraph will not prejudice the Bank’s right to require the Customer to sign a master agreement at the time the Bank deems fit.
		
		  	The definitions and provisions contained in the 1998 FX and Currency Option Definitions or the 2006 ISDA Definitions (as the case may be) shall be incorporated into the
Application and/or other Trade-related documents governing such transaction.
		
	Risk Disclosure Statement:	  	  
 The Bank wishes to draw your attention to the financial risks
and the market risks associated with the Trades offered by the Bank. Under certain market conditions, you may sustain gains as well as losses. In particular, the return on the Trades is dependent on the exchange rate or interest rate movements of
the relevant currencies prevalent at the relevant date or during the relevant period (as the case may be). Specific market movements of such exchange rates or interest rates cannot be predicted accurately and the profit and loss in a Trade related
to exchange rate or interest rate will be affected by fluctuations of such rates.

		
		  	You must be prepared to accept these risks and all other risks (which can be substantial) and the Bank will not be responsible for any losses whatsoever incurred by you in
respect of any Trade. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition, experience and objectives.

  
 16 

			
		 	You should also ensure that you (a) fully understand the nature of any Trade and the contractual relationship into which you are entering and the nature and extent of your
exposure to risk of loss; and (b) evaluate the tax and accounting implications, the potential financial benefits and risks of any Trade.
		
		 	The Bank recommends that you obtain independent legal advice before placing any Trade.
		
		 	You should act in reliance on your own judgment and evaluation and upon such independent professional advice as you may deem appropriate.
		
		 	By signing this Facility Letter, you declare that you have carefully read this Risk Disclosure Statement and related documents and confirm that you have fully understood the
risks inherent in or arising from the Trades. You agree that you will be fully responsible for all losses incurred by you in relation to any and all Trades.

  
 17 

 All other terms and conditions stipulated in our Facility Letter of 21 July 2011, 16 November 2011
and 8 December 2011 remain unchanged. 
 In all other respects, the Facility Letter shall remain in full force and effect, including our
right to review those facilities, withdraw and demand for repayment at any time. 
 Please confirm your agreement by arranging for the duplicate
of this letter to be signed and returned to the Bank at the above address on or before 11 February 2012. 
 We are pleased to be of
continued assistance. 
  

					
	 Yours faithfully,
 For and on
behalf of
	 		 	Accepted by
	 HSBC Bank (China) Company Limited
 Shenzhen Branch
	 		 	Wuxi Zastron Precision-Flex Co., Ltd
			
	 /s/ Frank Chau
	 		 	 /s/ M. K. Koo

	Frank Chau	 		 	Authorised Signature(s) &
	 Vice President
 Commercial
Banking
	 		 	 Company Chop & Chairman & Chief Financial Officer
 Date: January 13, 2012

			
	 /s/ Faye Zhou
	 		 	
	Faye Zhou	 		 	
	 Senior Vice President, Team Head

Commercial Banking
	 		 	

  
 18

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