Document:

exv4w11

 

EXHIBIT 4.11

OUR REF: AOC-CMB-SZN (FZ) (060519).AP

CONFIDENTIAL

Jetup Electronic (Shenzhen) Company Limited

Sanyidui Industrial Zone,

Zhoushi Road, Jiuwei Village,

Xixiang Town, Bao’an District,

Shenzhen, P.R.C

	 	 	 
	Attn: Mr. Colin Yeoh and Mr. Y. P. Tay

	 	17 July 2006

Dear Sirs

Banking Facilities

Customer No. 002-025328

With reference to our recent discussion, we are pleased to advise that we have reviewed your
banking facilities and offer a renewal within the following limit which will be made available on
the specific terms ad conditions outlined herein and upon the satisfactory completion of the
security detailed below. This facility is also subject to our customary overriding right of
suspension, withdrawal and repayment on demand, including the right to call for cash cover on
demand for prospective and contingent liabilities and to review at any time, and in any event, by
31 May 2007.

	 	 	 	 	 	 	 
	 	 	New	 	Previously
	Import Facilities
	 	HKD100,000,000.-	 	HKD100,000,000.-
	Documentary Credits to your Suppliers and Import Loan
Facilities in either HK Dollars or Foreign Currency (USD or
JPY) for up to 120 days, less any usance / Credit periods
granted by your suppliers.
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	within which
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Goods under your control and/or Trust Receipts.
	 	(HKD100,000,000.-)	 	(HKD100,000,000.-)
	 
	 	 	 	 	 	 
	A sub-limit of HKD revolving loan, switchable to USD/JPY/RMB
	 	Nil	 	(HKD40,000,000.-)

The Revolving Loan Facilities will be cancelled and the outstanding amount of USD3,133,890.- and
HKD710,600.- will be repaid before 31 December 2006.

 

 

			
	Jetup Electronic (Shenzhen) Company Limited
	 	17July2006

Interest

Import Facilities

Interest rate on import loan continues to be charged at 0.55% per annum over 1, 2, 3 or 6 month
Hong Kong/Singapore/London Interbank Money Market Offer Rate and payable in arrears.

Sub-limit of USD & HKD Revolving Loan

Interest rate continues to be charged at 0.55% per annum over 1, 2, 3 or 6 month Hong
Kong/Singapore/London Interbank Money Market Offer Rate and payable in arrears.

Commission

Documentary Credits opening commission for each validity of three months or part thereof
(minUSD24.00) continue to be charged as below and payable in full at the time of issuance of all
DCs.

	 	 	 	 	 
	For DC amount below USD100k or its equivalent
	 	 	0.12	%
	For DC amount between USD100k (USD100k inclusive) and USD250k or its equivalent
	 	 	0.10	%
	For DC amount between USD250k (USD250k inclusive) and USD400k or its equivalent
	 	 	0.08	%
	For DC amount above USD400k (USD400k inclusive) or its equivalent
	 	 	0.06	%

Default Interest

Please note that amounts, which are overdue or overlimit (as well as amounts demanded and not
paid) in respect of the facility will bear interest at 3% p.a. over the stipulated interest rate of
this facility, subject to fluctuation at the lender’s discretion.

Prepayment

Prepayment is permitted on interest payment dates only in minimum of USD2,000,000.- (or equivalent)
and in multiples of USD1,000,000.- (or equivalent) and subject to one month prior written notice. A
prepayment penalty of 0.25% on amount prepaid will be charged if funds are refinanced from external
source (e.g. bank refinancing) other than your normal operating activities. The Borrower will pay
the usual penalties (i.e. the differential between the return we would have received had the loan
run to maturity and the return we are able to obtain by the placing of the funds repaid for the
remainder of the existing interest period in the market).

Security

As security, we continue to hold the Corporate Guarantee for HKD100, 000,000.- dated 01 Dec 2005
from J.I.C. Technology Company Limited together with a certified copy of Board Resolution dated 01
Dec 2005 and supporting Legal Opinion dated 9Jan2006.

-2-

 

			
	Jetup Electronic (Shenzhen) Company Limited
	 	17July2006

Covenants

You, Jetup Electronic (Shenzhen) Company Limited (the “Borrower”), shall be required for so long
as these facilities are available to you to comply with the following covenants/undertakings. Your
compliance or otherwise with the following covenants/undertakings will not in any way prejudice or
affect our right to suspend, withdraw or make demand in respect of the whole or any part of the
facilities made available to you at any time. By signing this letter, you expressly acknowledge
that we may suspend, withdraw or make demand for repayment of the whole or any part of the
facilities at any time notwithstanding the fact that the following covenants/undertakings are
included in this letter and whether or not you are in breach of any such covenants/undertakings:

	1)	 	The Borrower undertakes that:

	 	(i)	 	upon the realisation of any foreign guarantee/security in respect of this Facility,
it shall conduct foreign debt registration with the local State Administration of Foreign
Exchange (“SAFE”) in a timely manner but in no event later than 15 days after realisation
of such foreign guarantee/security;
	 
	 	(ii)	 	to procure the successful registration with SAFE as mentioned in the foregoing item
(i), the Borrower shall ensure that it has sufficient borrowing gap at the time of the registration
of the realised foreign guarantee/security;
	 
	 	(iii)	 	throughout the term of the Facility and as long as the Facility is existing or any
indebtedness under the Facility is outstanding, the Borrower shall keep the Lender
informed of the amount of its borrowing gap (calculated as the balance of (i) its approved
total investment amount less (ii) its registered capital) and shall forthwith advise the
Lender of any change in the borrowing gap; and
	 
	 	(iv)	 	the Borrower shall take all necessary measures to ensure that all the indebtedness
owed to the Lender under this Facility be fully settled in the same currency as that of
such indebtedness.

Conditions Precedent

	1)	 	A valid Borrowing Card issued by the People’s Bank of China.
	 
	2)	 	Certified true copies of all government approvals and certificates in relation to the
establishment of the Borrower.
	 
	3)	 	The Borrower has provided its internal authorization document (such as shareholders’
resolution, board resolution) approving (or authorizing others to approve) the facilities
hereunder and authorizing representative(s) to accept and sign the terms, conditions and
documents in connection with the facilities hereunder in strict compliance with its articles
of association and the PRC Company Law.
	 
	4)	 	In the event that the Bank’s making available any facility hereunder is subject to regulatory
approval or the completion of other procedures within the regulators, the acquisition of such
regulatory approval and the completion of such procedures with regulators.
	 
	5)	 	The appendix to the facility letter, which relates to the Lender’s storage and processing of
customer’s information shall form an integral part of the facility letter and be
binding on the Borrower.
	 
	6)	 	The Bank is satisfied that all the securities stated in the “Security” item above have been
established and are valid and enforceable. The execution of all other documents as required by
the Bank.

-3-

 

			
	Jetup Electronic (Shenzhen) Company Limited
	 	17July2006

Other Conditions

	1)	 	All present and future borrowings of the Borrower shall rank pari-passu with this facility
and the Borrower undertakes to advise the Lender in advance of any additional borrowings.
	 
	2)	 	Audited yearly financial statements of the Borrower and the Guarantor to be prepared by
qualified accountants shall be provided to the Lender whenever available but in any event no
later than 120 days from the financial year-ends.
	 
	3)	 	Other financial or operational information of the Borrower as from time to time reasonably
requested by the Lender.
	 
	4)	 	We may, at our sole and absolute discretion, refuse to allow drawings under the facilities if
the transaction in question does not meet our operational requirements in respect of these
facilities.

Termination Event

The Borrower undertakes to notify the Lender on any change of its shareholder percentage and,
without prejudice to the generality of the Lender’s overriding right of suspension, withdrawal and
repayment on demand at any time, the Lender shall have the right to terminate and withdraw the
Facility if J.I.C. Technology Company Limited’s beneficial interest in the Borrower is reduced to
below 50%.

Expenses

Please note that all costs and legal expenses, including PRC Stamp Duty payable on each original of
the signed facility letter, incurred by us in connection with the granting of this facility and any
matters arising are to be reimbursed by you on demand.

Taxation and Deduction

All payment of principal, interest, fees and other expenses shall be made by your company clear and
free of taxes, levies, imposts, duties, charges and withholdings of any nature whatsoever.

Governing Laws

The Laws of the People’s Republic of China. The Borrower agrees to submit to the non-exclusive
jurisdiction of the PRC courts.

-4-

 

			
	Jetup Electronic (Shenzhen) Company Limited
	 	17July2006

Please note that we would reserve our right to renegotiate any of the interest margins and fees
detailed herein in the event of any change occurring in any applicable law or regulation (or its
interpretation) or in PRC’s financial markets or the need to comply with any requirement of any
regulatory authority (whether or not having the force of law), which resulted in our opinion in a
reduction in the net return to us from the facilities outlined herein.

Unless expressed in writing from you to the contrary, we may provide any information relating to
any of your accounts with us and any facilities we may provide to you from time to time or their
conduct or any other information concerning your relationship with us to any other company or
office which at the relevant time belongs to or is part of the HSBC group.

Availability of the facilities is subject to all legal and security documentation having been
completed to the satisfaction of the Bank. If the security documentation could not be perfected for
any reason whatsoever within a period of 3 months from the date of acceptance of this Letter of
Offer, the Bank reserves the right at its absolute discretion to withdraw the facilities offered
without further reference to you.

These facilities will remain open for acceptance until the close of business on 10 August
2006 and if not accepted by that date will be deemed to have lapsed. This Facility Letter
shall, on becoming effective, replace and supersede the facility letter dated 04 Nov 2005 & 15
Nov 2005 from us to you.

We shall be grateful if you could arrange for the authorised signatories of your company, in
accordance with the terms of the Board Resolution to be given to the bank, to sign and return to us
the duplicate copy of this letter together with the required documents to signify your continuing
understanding and acceptance of the terms and conditions under which these facilities are granted.

We are pleased to be of continued assistance.

Yours faithfully,

For and on behalf of

The Hongkong and Shanghai Banking Corporation Limited, Shenzhen Branch

Faye Zhou

Vice President Commercial Banking /ap

Bcc: HSBC SZN Credit Operation

	 	 	 	 	 
	 

	 	For and on behalf of	 	 
	 

	 	Jetup Electronic (Shenzhen) Company Limited	 	 
	 
	 	 	 	 
	 

	 	 

(Authorized signature and chop)
	 	 

-5-

 

			
	Jetup Electronic (Shenzhen) Company Limited
	 	17July2006

Appendix

To make you better understand the Bank’s policy in respect of its storage and processing of
any information supplied by the potential or actual customers and/or other related individuals and
entities, the Bank makes the following statements:

	(a)	 	in connection with any proposed or existing transaction between you and the Bank, the
Bank may request you to supply (or arrange to supply) the Bank with information relating to
yourself(ves), your directors, shareholders or other officers, as well as proposed or actual
guarantors or security providers (if any) (the “Information”);
	 
	(b)	 	such Information may be used by the Bank for the purpose of conducting credit and other
checks on you, evaluating any proposed, existing or past transaction between you and the Bank,
formulating an offer for any such proposed or existing transaction or for any other purpose
relating to any such transaction, and/or for the purpose of promoting, improving and
furthering the provision of other financial services by the Bank and any other member of the
HSBC Group to you generally, and/or for any other purpose as in accordance with the Bank’s
general policy on disclosure of information as may be notified to you from time to time;
	 
	(c)	 	such Information will be kept confidential but the Bank may provide such Information to any
of the following parties for the purposes set out above (without the need to giving any
further notice to the individuals to whom such Information relates ):
	 
	(i)	 	any agent, contractor or third party service provider (whether situated within or outside the
People’s Republic of China) which provides administrative, telecommunications, computer,
payment, processing or other services to the Bank in connection with the operation of its
business;
	 
	(ii)	 	credit reference agencies;
	 
	(iii)	 	any person to whom the Bank is under an obligation to make disclosure under the requirements
of any applicable laws, regulations, rules or judicial process;
	 
	(iv)	 	any actual or proposed participant or sub-participant of any proposed or existing transaction
between you and the Bank;
	 
	(v)	 	any of the Bank’s officers and employees;
	 
	(d)	 	you shall ensure that all the persons as referred to in (a) above, whose personal or other
data have been included in the Information provided to the Bank, have consented to the
provision of such data to the Bank for such purposes and for disclosure to such persons as
referred to in this letter;
	 
	(e)	 	if you maintain an account/accounts with the Bank, you shall be further subject to any
provisions in those terms and conditions applicable to such account(s) on the Bank’s storage
and processing of the customers’ and other information. These account terms and conditions,
the provisions referred to in this letter as well as any other agreement between you and the
Bank relating to the Bank’s storage and processing of the customers’ and other information
shall supplement, rather than conflict with, each other;
	 
	(f)	 	the Bank may retain any such Information for any time period as it considers necessary or
desirable (whether or not you have ceased to be a customer or potential customer of the Bank),
and all the provisions in this letter shall remain effective during the whole retention period
of such Information.

The above-mentioned explanation is to make you have a better knowledge of the Bank’s data
privacy policies in respect of the information of the customers and other related persons/entities.
In any event, the Bank will remain responsible for ensuring the confidentiality of such
information. The Bank appreciates that you have selected, or are interested in selecting, the
Bank’s service, and we commit to providing you with more and more quality banking products and
services.

Yours sincerely

The Hongkong and Shanghai Banking Corporation Limited

-6-exv4w12

 

Exhibit 4.12

To: The Hongkong and Shanghai Banking Corporation Limited

The Hong Kong Special Administrative Region

GUARANTEE BY LIMITED COMPANY (Limited Amount — Under Common/Corporate Seal)

	1.	 	Definitions
	 
	 	 	“Bank” means The Hongkong and Shanghai Banking Corporation Limited and its successors and
assigns;
	 
	 	 	“Banking Facilities” means such facilities as the Bank may make or continue to make
available to the Customer or to any other person at the request of 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 moneys in any currency owing by the Customer to the Bank
at any time, actually or contingently, in any capacity, alone or jointly with any other
person, (ii) interest on such moneys (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 and (iii) expenses
of the Bank in enforcing this Guarantee on a full indemnity basis;
	 
	 	 	“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 Exchange Rate, 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
	 
	 	 	“Process Agent” means the person, if any, whose name and Hong Kong address are specified in
the Schedule.
	 
	2.	 	Guarantee

	 	2.01	 	In consideration of the Banking Facilities, the Guarantor guarantees to pay the
Guaranteed Moneys to the Bank on demand.
	 
	 	2.02	 	The liability of the Guarantor shall not exceed the Maximum Liability.
	 
	 	2.03	 	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).
	 
	 	2.04	 	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.
	 
	 	2.05	 	The Bank shall be entitled to retain this Guarantee 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.

	3.	 	Continuing and Additional Security

	 	3.01	 	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 and the Guarantor guarantees to pay such
Guaranteed Moneys to the Bank on demand whether that demand is made before, at the
time of or after such termination.
	 
	 	3.02	 	This Guarantee is in addition to, shall not be affected by and may be enforced
despite the existence of any other guarantee or
security held by the Bank.

	4.	 	Customer’s Accounts
	 
	 	 	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

	 	5.01	 	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.
	 
	 	5.02	 	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.
	 
	 	5.03	 	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.

 

 

	 	5.04	 	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.
	 
	 	5.05	 	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.
	 
	7.	 	Lien
	 
	 	 	The Bank is authorised to exercise a lien over all property of the Guarantor coming into the
possession or control of the Bank, for custody or any other reason and whether or not in the
ordinary course of banking business, with power for the Bank to sell such property to satisfy
the Guaranteed Moneys.
	 
	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 2.03.
	 
	9.	 	Guarantor as Trustee

	 	9.01	 	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.
	 
	 	9.02	 	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 act or omission by the Bank pursuant to this Guarantee shall affect its rights, powers and
remedies hereunder or any further or other exercise of such rights, powers or remedies.
	 
	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 Hong Kong) which provides administrative, telecommunications, computer, payment,
processing or other services to the Bank in connection with the operation of its business;
	 
	 	(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
	 
	 	 	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.
	 
	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 despatch, 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.

GUARANTEE BY LIMITED COMPANY (Limited Amount — Under Common/Corporate Seal)

 

 

	15.	 	Governing law and Jurisdiction

	 	15.01	 	This Guarantee is governed by and shall be construed in accordance with the laws of the Hong
Kong Special Administrative Region (“Hong Kong”).
	 
	 	15.02	 	The Guarantor submits to the non-exclusive jurisdiction of the Hong Kong courts but this
Guarantee may be enforced in the courts of any competent jurisdiction.

	16.	 	Governing Version
	 
	 	 	This Guarantee is executed in an English version or a Chinese version. The English version is the
governing version and shall prevail whenever there is any discrepancy between the English version
and the Chinese version.
	 
	17.	 	Process Agent
	 
	 	 	If a Process Agent is specified in the Schedule, service of any legal process on the Process Agent
shall constitute service on the Guarantor.
	 
	18.	 	Execution
	 
	 	 	This Guarantee has been entered into by the Guarantor under its common or corporate seal, whichever
may be affixed below, on 21 July 2006.

Schedule

Address of Bank’s Office (for the purpose of clause 13 only)

8/F, China
Resources Building, 5001 Shennan East Road, Luohu, Shenzhen, P. R. C.

the Hong Kong Special Administrative Region

Details
of Customer

	 	 	 
	Name

	 	*Address
	   Zastron Electronic (Shenzhen) Company

   Limited 

	 	

Details
of Guarantor

	 	 	 
	Name

	 	*Address (Corresponding Address)
	Nam Tai Electronics, Inc.

	 	Suites 1506-1508, 15th Floor, One Exchange Square, 8 Connaught Place, Central, Hong Kong

Specified
Sum in Respect of Maximum Liability

USD15,000,000.-

Details of Process Agent

	 	 	 	 	 
	Name

	 	*Address	 	 
	 
	 	 	 	 
	 

	 	 	 	, the Hong Kong Special Administrative Region

Executed
under the Seal of the Guarantor in the presence of the following Director(s) and/or Secretary:

	 	 	 	 	 
	Signature of Director/Secretary

	 	Signature of Director/Secretary	 	 
	

	 	
	 	(SEAL)
	Name: Koo Ming Kown

	 	Name: Lei Lai Fong, Patinda

	 	 
	Office:
Director

	 	Office: CEO & CFO	 	 
	Identification Document Passport No. BC214397

	 	Identification Document	 	 
	Type
and Number: (Canadian)

	 	Type and Number: HKID No. G185467(3)	 	 

Witnessed
by:

	 	 	 
	Signature of Witness

	 	Signature of Wintness
	

	 	
	Name: Leung Wai Fan, Eve

	 	Name: Leung Wai Fan, Eve

	Office: Corporate Secretary

	 	Office: Corporate Secretary
	Identification Document Type and Number

	 	Identification Document Type and Number
	  HKID No.G717749(5)

	 	HKID No. G717749(5)

P.O. Box is not acceptable.

GUARANTEE
BY LIMITED COMPANY (Limited Amount — Under Common/Corporate Seal)

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