Document:

Exhibit 10.4

2006 Stock Plan For Non-Employee Directors

of Honeywell International Inc.

Restricted Unit Agreement

          RESTRICTED
UNIT AGREEMENT made in Morris Township, New Jersey, as of the [DAY] day of
[MONTH, YEAR] (the “Date of Grant”) between Honeywell International Inc. (the
“Company”) and [DIRECTOR NAME].

	
  

 	
  

 
	
 1.

 	
 Grant of Award. The Company has granted you [NUMBER]
 Restricted Units, subject to the provisions of this Agreement and the 2006
 Stock Plan For Non-Employee Directors of Honeywell International Inc. (the
 “Plan”). The Company will hold the Restricted Units and Additional
 Restricted Units (as defined in Section 2) in a bookkeeping account on your
 behalf until they become payable or are forfeited or cancelled.

 
	
  

 	
  

 
	
 2.

 	
 Dividend Equivalents. Except as otherwise
 determined by the Corporate Governance and Responsibility Committee (the
 “Committee”), in its sole discretion, you will earn Dividend Equivalents
 in an amount equal to the value of any cash or stock dividends paid by the
 Company upon one Share of Common Stock for each unvested Restricted Unit or
 Additional Restricted Unit (as defined below) credited to your bookkeeping
 account on a dividend record date. In the case of cash dividends, the Company
 shall credit to your bookkeeping account, on each dividend payment date, an
 additional number of Restricted Units (“Additional Restricted Units”)
 equal to (a) divided by (b), where (a) equals the total number of unvested
 Restricted Units and Additional Restricted Units, if any, subject to this
 Agreement on such date multiplied by the dollar amount of the cash dividend
 paid per Share of Common Stock on such date, and (b) equals the Fair Market
 Value of a Share on such date. If a dividend is paid to holders of Common
 Stock in Shares, the Company shall credit to you, on each dividend payment
 date, Additional Restricted Units equal to the total number of unvested
 Restricted Units and Additional Restricted Units subject to this Agreement on
 such date multiplied by the Share dividend paid per Share of Common Stock on
 such date. Additional Restricted Units are subject to the same restrictions,
 including but not limited to vesting, transferability and payment
 restrictions, that apply to the Restricted Units to which they relate. 

 
	
  

 	
  

 
	
 3.

 	
 Payment Amount. Each Restricted Unit and Additional
 Restricted Unit represents one (1) Share of Common Stock. 

 
	
  

 	
  

 
	
 4.

 	
 Vesting. Except in the event of the termination of your directorship due to
 death, the incurrence of a Disability, or the occurrence of a Change in
 Control, the Restricted Units and Additional Restricted Units will vest as
 follows: [VESTING PROVISIONS CONSISTENT WITH THE PLAN]. 

 
	
  

 	
  

 
	
 5.

 	
 Form and Timing of Payment. Vested Restricted Units will be
 redeemed solely for Shares. Except as otherwise determined by the Committee, in its sole discretion,
 vested Additional 

 

	
  

 	
  

 
	
  

 	
 Restricted Units will be redeemed solely for Shares. [Subject to a
 deferral election made pursuant to Section 12,] payment of vested Restricted
 Units and Additional Restricted Units will be made as soon as practicable
 following the applicable vesting date but in no event later than two and
 one-half (2-1/2) months following the end of the calendar year in which the
 vesting date occurs. As determined by the Company in its sole discretion
 prior to the vesting date, any fractional Shares may be paid in cash or
 rounded up or down to the nearest whole Share. 

 
	
  

 	
  

 
	
 6.

 	
 Termination of Directorship. If you cease to be a director of the
 Company for any reason other your death or Disability, any Restricted Units
 and Additional Restricted Units that have not vested as of the date of the
 termination of your directorship will immediately be forfeited, and your
 rights with respect to these Restricted Units and Additional Restricted Units
 will end. 

 
	
  

 	
  

 
	
 7.

 	
 Death or Disability. If you cease to be a director of the
 Company because of your death or Disability, any vesting restrictions on
 Restricted Units and Additional Restricted Units will lapse, and payment will
 be made in accordance with Section 5 or Section 11, as applicable. If you are
 deceased, the Company will make a payment to your estate only after the
 Committee has determined that the payee is the duly appointed executor or
 administrator of your estate. 

 
	
  

 	
  

 
	
 8.

 	
 Change in Control. In the event of a Change in Control,
 Restricted Units and Additional Restricted Units that have not vested or
 terminated as of the date of Change in Control will immediately vest.

 
	
  

 	
  

 
	
 9.

 	
 Withholdings. The Company shall have the power and
 the right to deduct or withhold, or require you to remit, prior to any
 issuance or delivery of Shares on Restricted Units or Additional Restricted
 Units, an amount sufficient to satisfy taxes imposed under the laws of any
 country, state, province, city or other jurisdiction, including but not
 limited to income taxes, capital gain taxes, transfer taxes, and social
 security contributions, and National Insurance Contributions, that are
 required by law to be withheld as determined by the Company. 

 
	
  

 	
  

 
	
 10.

 	
 Transfer of Award. You may not transfer the Restricted
 Units, Additional Restricted Units or any interest in such Units except by
 will or the laws of descent and distribution or except as otherwise permitted
 by Section 11 of the Plan. Any other attempt to dispose of your interest will
 be null and void. 

 
	
  

 	
  

 
	
 11.

 	
 [FOLLOWING INCLUDED AT COMPANY’S DISCRETION: Deferral of Payment. If you would like to
 defer payment on the Restricted Units and related Additional Restricted
 Units, you may do so in writing on the deferral form provided with this grant
 setting forth your desired payment schedule. The deferral will not be
 permitted if, within the determination of the Company, such deferral would
 result in a violation of Section 409A of the Internal Revenue Code of 1986,
 as amended (the “Code”) and the regulations promulgated thereunder. If the
 deferral is not permitted, then payment will be made as provided in Section
 5. All Additional Restricted Units will be subject to the same deferral
 restrictions as the Restricted Units to which they relate. Except as
 otherwise determined by the Company, Dividend Equivalents credited on
 deferred 

 

2

	
  

 	
  

 	
  

 
	
  

 	
 Restricted Units and deferred Additional Restricted Units will be
 paid in cash as soon as practicable following the date such Dividend
 Equivalents are credited but in no event later than 2-1/2 months following
 the end of the year in which the Dividend Equivalents vest.]

 
	
  

 	
  

 	
  

 
	
 12.

 	
 Restrictions on Payment of Shares. Payment of Shares for your Restricted
 Units and Additional Restricted Units is subject to the conditions that, to
 the extent required at the time of exercise, (i) the Shares underlying the
 Restricted Units and Additional Restricted Units will be duly listed, upon
 official notice of redemption, upon the New York Stock Exchange, and (ii) a
 Registration Statement under the Securities Act of 1933 with respect to the
 Shares will be effective. The Company will not be required to deliver any
 Common Stock until all applicable federal and state laws and regulations have
 been complied with and all legal matters in connection with the issuance and
 delivery of the Shares have been approved by counsel for the Company.

 
	
  

 	
  

 	
  

 
	
 13.

 	
 Adjustments. Any adjustments to the Restricted
 Units and Additional Restricted Units will be governed by Section 9 of the
 Plan. 

 
	
  

 	
  

 	
  

 
	
 14.

 	
 Disposition of Securities. By accepting the Award, you
 acknowledge that you have read and understand the Company’s policy, and are
 aware of and understand your obligations under applicable securities laws in
 respect of trading in the Company’s securities. The Company will have the
 right to recover, or receive reimbursement for, any compensation or profit
 you realize on the disposition of Shares received for Restricted Units or
 Additional Restricted Units to the extent that the Company has a right of
 recovery or reimbursement under applicable securities laws. 

 
	
  

 	
  

 	
  

 
	
 15.

 	
 Plan Terms Govern. The vesting and redemption of
 Restricted Units or Additional Restricted Units, the disposition of any
 Shares received for Restricted Units or Additional Restricted Units, the
 treatment of gain on the disposition of these Shares, [and the treatment of
 Dividend Equivalents] are subject to the provisions of the Plan and any rules
 that the Committee may prescribe. The Plan document, as may be amended from
 time to time, is incorporated into this Agreement. Capitalized terms used in
 this Agreement have the meaning set forth in the Plan, unless otherwise
 stated in this Agreement. In the event of any conflict between the terms of
 the Plan and the terms of this Agreement, the Plan will control. By accepting
 the Award, you acknowledge that the Plan and the Plan prospectus, as in
 effect on the date of this Agreement, have been made available to you for your
 review. 

 
	
  

 	
  

 	
  

 
	
 16.

 	
 Personal Data. 

 
	
  

 	
  

 	
  

 
	
  

 	
 a.

 	
 By entering into
 this Agreement, and as a condition of the grant of the Restricted Units, you
 expressly consent to the collection, use, and transfer of personal data as
 described in this Section to the full extent permitted by and in full
 compliance with applicable law. 

 
	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 You understand
 that the Company holds, by means of an automated data file, certain personal
 information about you, including, but not limited to, name, home address and
 telephone number, date of birth, social insurance number, salary,
 nationality, job

 

3

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 title, any
 shares or directorships held, details of all restricted units or other
 entitlement to shares awarded, canceled, exercised, vested, unvested, or
 outstanding in your favor, for the purpose of managing and administering the
 Plan (“Data”).

 
	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 You further
 understand that part or all of your Data may be also held by the Company’s
 Affiliates, pursuant to a transfer made in the past with your consent, in
 respect of any previous grant of restricted units or awards, which was made
 for the same purposes of managing and administering of previous
 award/incentive plans, or for other purposes. 

 
	
  

 	
  

 	
  

 
	
  

 	
 d.

 	
 You further
 understand that the Company and its Affiliates will transfer Data among
 themselves as necessary for the purposes of implementation, administration,
 and management of your participation in the Plan, and that the Company or its
 Affiliates may transfer data among themselves, and/or each, in turn, further
 transfer Data to any third parties assisting the Company in the
 implementation, administration, and management of the Plan (“Data
 Recipients”). 

 
	
  

 	
  

 	
  

 
	
  

 	
 e.

 	
 You understand
 that the Company or its Affiliates, as well as the Data Recipients, are or
 may be located in your country of residence or elsewhere, such as the United
 States. You authorize the Company or its Affiliates, as well as the Data
 Recipients, to receive, possess, use, retain, and transfer Data in electronic
 or other form, for the purposes of implementing, administering, and managing
 your participation in the Plan, including any transfer of such Data, as may
 be required for the administration of the Plan and/or the subsequent holding
 of Shares on your behalf, to a broker or third party with whom the Shares may
 be deposited. 

 
	
  

 	
  

 	
  

 
	
  

 	
 f.

 	
 You understand
 that you may show your opposition to the processing and transfer of your
 Data, and, may at any time, review the Data, request that any necessary
 amendments be made to it, or withdraw your consent herein in writing by contacting
 the Company. You further understand that withdrawing consent may affect your
 ability to participate in the Plan.

 
	
  

 	
  

 	
  

 
	
 17.

 	
 Discretionary Nature and Acceptance of Award.
 By accepting this Award, you agree to be bound by the terms of this Agreement
 and acknowledge that:

 
	
  

 	
  

 
	
  

 	
 a.

 	
 The Company is
 granting your Restricted Units and Additional Restricted Units, and this Agreement is not
 derived from any preexisting labor relationship between you and the Company,
 but rather from a mercantile relationship. 

 
	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 The Company may
 administer the Plan from outside your country of residence and United States
 law will govern all Restricted Units and Additional Restricted Units
 granted under the Plan. 

 
	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 Benefits and
 rights provided under the Plan do not constitute regular or periodic
 payments. 

 
	
  

 	
  

 	
  

 
	
 18.

 	
 Limitations. Payment of your Restricted Units and
 Additional Restricted Units is not secured by a trust, insurance contract or
 other funding medium, and you do not have any

 

4

	
  

 	
  

 
	
  

 	
 interest in any fund or specific asset of the Company by reason of
 this Award or the account established on your behalf. You have no rights as a
 shareowner of the Company pursuant to the Restricted Units or Additional
 Restricted Units until Shares are actually delivered to you. 

 
	
  

 	
  

 
	
 19.

 	
 Incorporation of Other Agreements. This Agreement and the Plan constitute
 the entire understanding between you and the Company regarding the Restricted
 Units. This Agreement supersedes any prior agreements, commitments or
 negotiations concerning the Restricted Units and the Additional Restricted
 Units. 

 
	
  

 	
  

 
	
 20.

 	
 Severability. The invalidity or unenforceability of
 any provision of this Agreement will not affect the validity or
 enforceability of the other provisions of the Agreement, which will remain in
 full force and effect. Moreover, if any provision is found to be excessively
 broad in duration, scope or covered activity, the provision will be construed
 so as to be enforceable to the maximum extent compatible with applicable law.
 

 
	
  

 	
  

 
	
 21.

 	
 Governing Law. The Plan, this Agreement, and all
 determinations made and actions taken under the Plan or this Agreement shall
 be governed by the internal substantive laws, and not the choice of law
 rules, of the State of Delaware and construed accordingly, to the extent not
 superseded by applicable federal law. 

 
	
  

 	
  

 
	
 22.

 	
 Agreement Changes. The Company reserves the right to
 change the terms of this Agreement and the Plan without your consent to the
 extent necessary or desirable to comply with the requirements of Code section
 409A, the Treasury regulations and other guidance thereunder. 

 
	
  

 	
  

 
	
 23.

 	
 Acknowledgements. By accepting this Agreement, you
 agree to the following: (i) you have carefully read, fully understand and
 agree to all of the terms and conditions described in this Agreement, the
 Plan, the Plan’s prospectus and all accompanying documentation; and (ii) you
 understand and agree that this Agreement and the Plan constitute the entire
 understanding between you and the Company regarding the Restricted Units, and
 that any prior agreements, commitments or negotiations concerning the
 Restricted Units are replaced and superseded. 

 
	
  

 	
  

 
	
 24.

 	
 Award Acceptance. To retain this Award, you must accept
 it by signing the Agreement below and, by signing this Agreement, you will be
 deemed to consent to the application of the terms and conditions set forth in
 this Agreement and the Plan. If you do not wish to accept this Award, you
 must contact Honeywell International Inc., Executive Compensation/AB-1D, 101
 Columbia Road, Morristown, New Jersey 07962 in writing within thirty (30)
 days of the Award Date. 

 

	
  

 	
  

 	
  

 
	
  

 	
 I
 Accept:

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	

 

 	

 

 
	
  

 	
 Signature

 	
 Date

 

5Exhibit 4 (o)

English Summary

Equity Purchase Agreement

This Equity Purchase Agreement (hereinafter referred to as the “Agreement”) is entered on October 25, 2011 between the following parties:

	
The Buyer:

	
PowerASE Technology Inc. (Chinese translation), a company established under the laws of the Republic of China with a registered address at 9F, No. 556, Section 1, Zhonghua Road, Zhongli City, Taoyuan County, Taiwan (hereinafter referred to as “the Buyer”.)

 

	
The Seller:

	
The following shareholders (hereinafter generally referred to as “the Seller”) that holds the shares issued by Lu-Chu Development Corporation (Chinese translation), hereinafter referred to as “Lu-Chu Development”):

	
(1)  

	
Powerchip Technology Inc. (Chinese translation), hereinafter referred to as “Powerchip Technology”), a company established under the laws of the Republic of China with a registered address at No. 12, Li-xin 1st Road, Hsinchu Science Park, Taiwan;

 

	
(2)  

	
Li Hsin Investment Corp. (Chinese translation), hereinafter referred to as “Li Hsin Investment”), a company established under  the laws of the Republic of China with a registered address at 8F, No. 70, Section 3, Nanjing E. Road, Zhongshan District, Taipei;

 

	
(3)  

	
Quantum Vision Corp. (Chinese translation), hereinafter referred to as “Quantum Vision”), a company established under  the laws of the Republic of China with a registered address at 8F, No. 70, Section 3, Nanjing E. Road, Zhongshan District, Taipei;

 

	
(4)  

	
Novax Technologies, Inc. (Chinese translation), hereinafter referred to as “Novax Technologies”), a company established under the laws of the Republic of China with a registered address at 10F, No. 68, Section 3, Nanjing E. Road, Zhongshan District, Taipei;

 

	
(5)  

	
Chi Hsiang Investment Corp. (Chinese translation), hereinafter referred to as “Chi Hsiang Investment”), a company established under the laws of the Republic of China with a registered address at 15F, No. 68, Section 3, Nanjing E. Road, Zhongshan District, Taipei;

 

	
(6)  

	
Chi Li Investment Corp. (Chinese translation), hereinafter referred to as “Chi Li Investment”), a company established under  the laws of the

 

  

  

  

 

Republic of China with a registered address at 15F, No. 68, Section 3, Nanjing E. Road, Zhongshan District, Taipei;

 

	
(7)  

	
Chi Feng Technology Corp. (Chinese translation), hereinafter referred to as “Chi Feng Technology”), a company established under the laws of the Republic of China with a registered address at 8F, No. 68, Section 3, Nanjing E. Road, Zhongshan District, Taipei.

 

In consideration of the facts that the Buyer desires to purchase from the Seller, and the Seller is willing to sell to the Buyer all of the shares it holds in the Lu-Chu Development (hereinafter referred to as “the Transaction”), the Buyer and the Seller of the Agreement hereby agree to enter into and abide by the following terms and conditions:

	
1.  

	
The Subject Matter of the Transaction

The Seller agrees to sell all of the 181,416,980 common stocks it holds in Lu-Chu Development (hereinafter referred to as “the Shares to be Sold”), which are at a par value of NT$10 and represent approximately 72.97% of the total shares issued by Lu-Chu Development.

	
2.  

	
The Transaction Price

	
2.1 

	
Under the premise that the number of outstanding common stocks issued by Lu-Chu Development is 248,626,000, the Buyer agrees to purchase from the Seller, at a price of NT$7 per share, a total of 181,416,980 of the Shares to be Sold, being common stocks issued by the Lu-Chu Development (The total transaction price is NT$1,269,918,860. The net amount to be paid by the Buyer is NT$1,266,109,103 after deducting the Securities Transaction Tax of NT$3,809,757 to be paid by the Seller). The net amount shall be paid by the Buyer in two installments.  The first payment shall be NT$1,000,000,000 (hereinafter referred to as “the First Installment”) and the second payment shall be NT$266,109,103 (hereinafter referred to as “the Second Installment”.)

 

	
2.2 

	
The transaction price referred to in Article 2.1 above is calculated by the Buyer based on Appendix 1 which is the unaudited balance sheet of Lu-Chu Development as at September 30, 2011 provided by the Seller (hereinafter referred to as “The Latest Unaudited Balance Sheet of Lu-Chu Development”), and determined subject to the following facts recorded in the financial statements of Lu-Chu Development: (1) The total liabilities is not higher than NT$60,305,791, (2) The number of common stocks of Powerchip Technology Corp. held is not less than 4,192,916, (3) The total value of the common stocks of Chi Li Investment, Luxxon Technology Corporation (Chinese translation),

 

  

2

  

 

and Chi Feng Technology (hereinafter referred to as “Financial Assets Measured by Cost Method”) held is not less than NT$13,573,133, and (4) the total cash is not lower than NT$478,396. Within three months from the date of closing, the Buyer may commission a certified accountant to audit the assets and liabilities of Lu-Chu Development as of the date of closing. In the event that the audit report demonstrates any of the following facts as of the date of closing, the Seller shall be liable, jointly and severally with the Other Shareholders of Lu-Chu Development, for the repayment to the Buyer on the difference if (1) the total liabilities of Lu-Chu Development is higher than NT$60,262,000, (2) the total number of common stocks of Powerchip Technology Corp. held is less than 4,192,916, or (3) the total cash is less than NT$13,700,000.

 

	
3.

	
Methods of Closing

	
3.1

	
(f) In the event that within two years from the closing date Lu-Chu Development acquires the ownership, surface right, permanent land use right, Land No.1, Land No.208, Land No.210, Land No.422 of Xionglin Town in Xinzhu County (hereinafter referred to as “Gateway Land”) (and the owner of Gateway Land shall undertake to Lu-Chu Development in writing that the owner of Gateway Land shall not transfer the Gateway Land or impose encumbrances on it unless agreed by Lu-Chu Development in writing; and where the ownership of the Gateway Land is transferred, the owner of Gateway Land shall cause the transferee of the Gateway Land to undertake as well that Lu-Chu Development shall enjoy the permanent land use right over the Gateway Land and make the same undertaking to Lu-Chu Development that the transferee shall not transfer the Gateway Land or impose encumbrances on it) or the final and effective certificate for existing road issued by the government of Xinzhu County (hereinafter referred to as “Certificate for Existing Road”), the Buyer shall pay the balance to the Seller (and/or to offset the debt due by the Seller to the Buyer) and Other Shareholders of Lu-Chu Development defined in Article 4.4 of the Agreement after deducting all the considerations, costs and fees (NT$100,000,000 is the maximum deduction) incurred by Lu-Chu Development in acquiring the ownership, surface right, permanent land use right of the Gateway Land or the Certificate for Existing Road mentioned above shared by the Seller and Other Shareholders of Lu-Chu Development defined in Article 4.4 of the Agreement in accordance with the proportion of the Second Installment for the Seller and Other Shareholders of Lu-Chu Development defined in Article 4.4 of the Agreement. If Lu-Chu Development intends to apply for Certificate for Existing Road either by itself or by appointing, depending on or using a third party, it shall obtain prior written consent of the Buyer and the Buyer shall not refuse to give such consent without reasonable cause. 

 

  

3

  

 

The Seller shall be jointly and severally liable for any losses and fees (including, but not limited to attorney fees, administrative procedure fees, litigation fees and the compensation liabilities for injury to third parties) incurred by the Buyer from any disputes arising from the application of the Certificate for Existing Road, and the Seller’s liabilities survive after two years from the closing date.

 

	
4. 

	
Condition Precedents for Closing

 

	
4.1

	
To complete the Transaction, the Buyer and the Seller are required to fulfill the following condition precedents for closing either before or on the closing date, unless the Buyer or the Seller has renounced the fulfillment of such condition precedent:

 

	 	
(a)  

	
The Shares to be Sold acquired by the Buyer on the closing date represent more than 80% of the shares already issued by Lu-Chu Development.

 

	 	
(b)  

	
The Shares to be Sold are free from any pledge, or any other rights/encumbrances/restrictions, and are free from collateral in any form for the performance of any indebtedness.

 

	 	
(c)  

	
From the date of executing the Agreement to the closing date, Lu-Chu Development has not encountered any incidents which have material adverse effect on its business or financial status (including, but not limited to litigations or violation of laws).

 

	 	
(d)  

	
From the date of executing the Agreement to the closing date, the Buyer and the Seller have observed and fulfilled the commitments, obligations and terms and conditions contained in the Agreement.  All the representations and warranties made therein are true and correct.

 

	 	
(e)  

	
There are no pending lawsuits, provisional remedies, administrative procedures or disputes which may sufficiently restrict or prohibit the Transaction.

 

	 	
(f)  

	
The Buyer or the person appointed by the Buyer to purchase the Shares to be Sold has obtained the license, permission or approval for the Transaction from the relevant competent authorities.

 

	
4.2

	
From the date the Agreement is executed, the Seller shall make reasonable efforts to enable the completion of the Transaction, including, but not limited to, assisting the Buyer or the person appointed by the Buyer to obtain all approvals required for the Transaction from the competent authority.

 

	
4.3

	
The Sellers, including Powerchip Technology, Li Hsin Investment and Quantum Vision, have executed an agreement collaboratively with the Buyer to agree that Li Hsin Investment and Quantum Vision shall be jointly liable for the outstanding account receivable owed by Powerchip Technology to the Buyer.

 

	
4.4

	
The Buyer has executed an equity purchase agreement (Appendix 3) collaboratively with Luxxon Technology Corporation (Chinese translation), Chi Feng Technology Corporation (Chinese translation), Power World Capital Management, Inc. 

 

  

4

  

 

(Chinese translation), Teknowledge Development Corporation (Chinese translation), Rei Sun Co., Ltd. (Chinese translation), Li Yuan Investment Co., Ltd. (Chinese translation), Li Li Enterprise Co., Ltd. (Chinese translation) and Frank Huang (Chinese translation), (hereinafter generally referred to as “Other Shareholders of Lu-Chu Development”) under which the Buyer and the Seller agreed that the Buyer shall purchase the shares of Lu-Chu Development from the Other Shareholders of Lu-Chu Development.

 

	
4.5

	
As required by law, the board of directors of Lu-Chu Development has resolved to convene an extraordinary general meeting for Lu-Chu Development on November 16, 2011 or other date (hereinafter referred to as “the Date for the New Shareholders Meeting”) and venue specified by the Buyer, at which all the directors and supervisors of Lu-Chu Development shall be re-elected.

 

	
4.6

	
Prior to the closing date, Lu-Chu Development has completed the disposal of the Financial Assets Measured by Cost Method specified in the Latest Unaudited Balance Sheet of Lu-Chu Development, amounting to NT$13,573,133 and has deposited into the bank account of Lu-Chu Development the equivalent cash amount after deducting the Securities Transaction Tax.

 

	
4.7

	
Lu-Chu Development has delivered to the Buyer the original of the ownership certificate of the land registered at land lot No. 37, Lien-Hua Section, Chu-Bei City, Hsin Chu County (hereinafter referred to as the “Land Registered in Borrowed Name”) for custody. Furthermore, the nominal owner specified in the “Transcript of Land Registered in Borrowed Name” (Appendix 4) has already executed and delivered to the Buyer all the required documents for the transfer of land ownership. The nominal owner has, in the meantime, issued a Letter of Undertaking (Appendix 4-1) to the Buyer declaring that he/she is willing to assist the ownership transfer for the Land Registered in Borrowed Name according to the Buyer’s instructions.

	
7.

	
Termination of the Agreement

	
7.1

	
The Agreement may be terminated by written agreement of the Buyer and the Seller.

 

	
7.2

	
In the event that either of the Buyer and the Seller (hereinafter referred to as “the Defaulting Party”) violates any of the terms and conditions stipulated in the Agreement and fails to improve the situation to the satisfaction of the other Party (hereinafter referred as “the Non-defaulting Party”) within 30 days after receiving written notice from the Non-defaulting Party, the Non-defaulting Party may claim compensation from the Defaulting Party and declare to terminate this Agreement.

 

	
7.3

	
In the event that, prior to the closing, either of the Buyer and the Seller becomes incapable or insolvent, dissolved or liquidated, has filed for bankruptcy or has been

 

  

5

  

 

declared bankrupt, the other party may terminate the Agreement in writing.

 

	
10.1

	
Governing Law

 

The Agreement shall be governed by the laws of the Republic of China.

  

6

  

 

Signature Pages

	The Buyer:
	 	
PowerASE Technology Inc.

	 	 
	 	 
	 	
Name:

	 	
Title:

	
The Seller:

	 	
Powerchip Technology Inc.

	 	 
	 	 
	 	
Name:

	 	
Title:

	 	

Li Hsin Investment Corp.

	 	 
	 	 
	 	
Name:

	 	
Title:

	 	

Quantum Vision Corp.

	 	 
	 	 
	 	
Name:

	 	
Title:

	 	

Novax Technologies, Inc.

	 	 
	 	 
	 	 
Name:

	 	

 
Title:

  

7

  

	 	

Chi Hsiang Investment Corp.

	 	 
	 	 
	 	
Name:

	 	
Title:

	 	

Chi Li Investment Corp.

	 	 
	 	 
	 	
Name:

	 	
Title:

	 	

Chi Feng Technology Corp.

	 	 
	 	 
	 	
Name:

	 	
Title:

 

8

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