Document:

EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 SHARE PURCHASE AGREEMENT 

- among - 

INFOCOMM ASIA HOLDINGS PTE. LTD. 
 - and - 
 GIGAMEDIA ASIA PACIFIC LIMITED 

- and - 

MANAGEMENT CAPITAL INTERNATIONAL LIMITED 
 - and - 
 ROLAND ONG TOON WAH 

July 2, 2012 

  
 1 

 EXECUTION VERSION 

 

 SHARE PURCHASE AGREEMENT 

This Share Purchase Agreement (this “Agreement”) is entered into and made by and among the following parties:

 INFOCOMM ASIA HOLDINGS PTE. LTD., (Company Registration Number 200414772H), a private company limited by shares
incorporated in Singapore with its registered office at 35 Tai Seng Street #01-01, Tata Communications Exchange, Singapore 534103 (the “Company”); 
 GIGAMEDIA ASIA PACIFIC LIMITED, (IBC Number 1068168), a company incorporated in the British Virgin Islands and having its registered office at Overseas Management Company Trust (B.V.I.) Ltd., OMC
Chambers, P.O. Box 3152, Road Town, Tortola, British Virgin Islands (the “Selling Shareholder”); 

MANAGEMENT CAPITAL INTERNATIONAL LIMITED, a company incorporated in the British Virgin Islands and having its registered office at
Portcullis Trustnet Chambers, P.O. Box 3444, Road Town, Tortola, British Virgin Islands (the “Purchaser”); and 

ROLAND ONG TOON WAH (NRIC No. S1713456F) of 21 Elliot Walk, Singapore 458675 (the “Principal”), 

(each, a “Party” and collectively, the “Parties”) 

WHEREAS, 
 (i) The Selling Shareholder owns 5,982,230 Class A Shares and 1,208,881 Class B Shares in the Company, and such shares in aggregate, representing 80% of the total issued and outstanding Shares as at
the date hereof; 
 (ii) The Selling Shareholder wishes to sell to the Purchaser and the Purchaser wishes to purchase from the
Selling Shareholder, a total of 1,463,930 Class A Shares, representing 6.48% of the total issued and outstanding Shares as at the date hereof, and 1,208,881 Class B Shares, representing 53.52% of the total issued and outstanding Shares as at
the date hereof; and 
 (iii) The Company, the Selling Shareholder and the Principal will enter into certain agreements and
instruments contemporaneous with the execution of this Agreement. 
 NOW, THEREFORE, in consideration of the premises set forth
above, the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereby agree as follows: 

  
 2 

 EXECUTION VERSION 

 

 SECTION 1 DEFINITIONS 
 “Business Day” means any day of the year on which banking institutions in Singapore, Taiwan and the British Virgin Islands are generally open to the public for conducting business and are
not required or authorized to close. 
 “Class A Shares” means the class A shares of the Company, par value
US$1.00 per share. 
 “Class B Shares” means the class B shares of the Company, par value US$10.00 per share.

 “Closing Deliverables” means the documents to be delivered by the Selling Shareholder to the Purchaser in
accordance with Section 3. 
 “Companies Act” means the Companies Act, Chapter 50 of Singapore.

 “Encumbrance” shall mean any interest or equity of any person (including, without prejudice to the
generality of the foregoing, any right to acquire option or right of pre-emption) or any mortgage, lien, pledge, charge, assignment, hypothecation, security interest, title retention or any other security, claim, agreement or arrangement of
whatsoever nature. 
 “Ordinary Shares” means the ordinary shares in the capital of the Company. 

“Purchase Shares” means the 1,463,930 Class A Shares and the 1,208,881 Class B Shares owned by the Selling
Shareholder and referred to in Recital (ii) above. 
 “Shares” means the Class B Shares, the Class A
Shares and the Ordinary Shares. 
 “Spring Asia Limited” means Spring Asia Limited, an International Business
Company (Certificate of Incorporation No. 601937) incorporated in the British Virgin Islands and having its registered office at Portcullis TrustNet Chambers, P.O. Box 3444, Road Town, Tortola, British Virgin Islands. 

“Spring Asia SPA” means the share purchase agreement entered into by and among Spring Asia Limited, the Selling
Shareholder, the Principal, and the Company on the same date of this Agreement. 
 “Transfer Agent” means
Portcullis TrustNet (Singapore) Pte Ltd, with its office at 6 Temasek Boulevard, #09-05 Suntec Tower Four, Singapore 038986. 

“US$” shall mean the lawful currency of the United States of America. 

“Whitewash Approval” means the approval of the shareholders of the Company for the provision of financial assistance
(within the meaning of Section 76 of the Companies Act) by the Company to the Purchaser in relation to the security to be created under the Share Charge (as defined in the Spring Asia SPA). 

  
 3 

 EXECUTION VERSION 

 

 SECTION 2 AGREEMENT TO PURCHASE AND SELL 

2.1 Agreement to Purchase and Sell. Subject to the terms and conditions of this Agreement, the Purchaser shall purchase from the
Selling Shareholder, and the Selling Shareholder shall sell to the Purchaser, the Purchase Shares for an amount as set out in Section 2.2 below. Subject to completion of obligations of the Company under Section 3.1(1) below, the transfer
and delivery of the Purchase Shares in accordance with this Agreement shall convey good title to the Purchase Shares, free and clear from any and all Encumbrances (as defined herein), and with all rights, benefits, entitlements and advantages
attached or accruing to them on and from the Closing (as defined herein). 
 2.2 Purchase Price. The total purchase price
to be paid by the Purchaser to the Selling Shareholder for the Purchase Shares (“Purchase Price”) shall be US$1.00, the adequacy of which is hereby confirmed by the Selling Shareholder. 

2.3 Payment of the Purchase Price. The Purchase Price shall be paid by the Purchaser at the Closing in cash upon receipt of the
deliverables listed in Section 3.3 below. 
 2.4 Call Option. Within one (1) year of the execution of this Agreement,
the Company, the Principal and/or the Purchaser shall have the option to purchase all remaining shares of the Company held by the Selling Shareholder at the total price of US$1 million, regardless of whether such remaining shares have been diluted
or not (the “Call Option”). 
 2.5 Dilution. The Company may issue more shares to other investors or lenders with the effect of
diluting the Selling Shareholder’s shareholding in the Company at any time notwithstanding that the Call Option has not been exercised. 

SECTION 3 CLOSING; DELIVERY 
 3.1 Conditions Precedent to Closing. The obligations of the Parties under this Agreement are conditional upon: 
 (i) the issue of share certificates by the Company to the Selling Shareholder in respect of the 500,000 Class B Shares subscribed by the Selling Shareholder on 30 April, 2010 pursuant to a share
purchase agreement dated the same date (as amended from time to time); 
 (ii) the Whitewash Approval having been obtained and
the whitewash procedures required to be implemented by the Company under Section 76(9B) of the Companies Act having been completed; 
 (iii) the Spring Asia SPA shall have been duly executed, registered and delivered and shall remain in full force and effect; 

  
 4 

 EXECUTION VERSION 

 

 (iv) the representations and warranties set out in Section 4.1 continuing to be
true and accurate as of the Closing Date; 
 (v) each Party shall have performed and complied with all agreements, obligations
and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing; 

(vi) the execution by the Purchaser, the Selling Shareholder, the Principal and the Company of a shareholders’ agreement in relation
to the Company in the form set out in the Schedule to this Agreement; 
 (vii) the execution by the Purchaser, the Selling
Shareholder, the Principal and the Company of all conversion documents, directors’ resolutions and other relevant documents to effect conversion of all Class A Shares and Class B Shares (representing 100% of the issued and outstanding
preference shares of the Company) into Ordinary Shares; and 
 (viii) satisfaction of all the conditions precedent set out in
Section 3 of the Spring Asia SPA. 
 3.2 Closing. Subject to the satisfaction of the conditions precedent listed in
Section 3.1 above, the completion of the transfer of the Purchase Shares (the “Closing”) shall take place at the office of the Transfer Agent, on August 16, 2012 (the “Closing Date”), or at such other
place and time as the Parties may mutually agree in writing. Upon the Closing, all the rights and benefits attached to and in relation to the Purchase Shares (including but not limited to the dividends attributable to the Purchase Shares if any) as
at the Closing Date shall be transferred from the Selling Shareholder to the Purchaser. 
 3.3 Delivery at the Closing.

 At the Closing, the Selling Shareholder shall deliver the following items to the Purchaser: 

(i) The share transfer form for the Purchase Shares executed by the Selling Shareholder in favour of the Purchaser, together with the
duly issued original share certificate(s) of the Purchase Shares; and 
 (ii) Written resignations of each of Chi-Ching Chen and
John Richard Stringer (collectively, the “GigaMedia Nominees”) as directors of the Company with effect from the date of this Agreement. 
 At the Closing, the Company shall deliver the following item to the Selling Shareholder: 
 (i) The share certificate issued by the Company to the Selling Shareholder in respect of the 451,776 Ordinary Shares representing 20% of the ordinary shares of the Company assuming the full conversion of
all issued preferred shares of the Company. 

  
 5 

 EXECUTION VERSION 

 

 3.4 Mutual Cooperation. 

The Selling Shareholder and the Purchaser shall cooperate to procure the passing of board resolutions of the Company accepting the
resignations of the GigaMedia Nominees as directors of the Company and approving the transfer of the Purchase Shares from the Selling Shareholder to the Purchaser. 
 At the Closing, the Purchaser shall pay the Purchase Price to the Selling Shareholder against receipt of the deliverables listed in Section 3.3 above. 

3.5 Simultaneous Completion. 
 Notwithstanding anything to the contrary contained in this Agreement but subject always to the discretion of the Selling Shareholder to waive this requirement, neither the Selling Shareholder nor the
Purchaser shall be obliged to complete the sale and purchase of any of the Purchase Shares unless: 
 (i) the sale and purchase
of all the Purchase Shares and the Spring Asia SPA are effected simultaneously; and 
 (ii) each of the Spring Asia SPA and this
Agreement shall be in full force and effect as at Closing and not terminated or rescinded prior to Closing. 
 SECTION 4 REPRESENTATIONS AND
WARRANTIES OF THE SELLING SHAREHOLDER 
 The Selling Shareholder hereby represents and warrants to the Purchaser that each of
the statements in this Section 4 is true, correct, complete and not misleading as of the date hereof and as of the Closing Date: 
 4.1 Valid Issuance of Purchase Shares. Save for the issue of the share certificate(s) to the Selling Shareholder in respect of the 500,000 Class B Shares subscribed by the Selling Shareholder on
30 April, 2010 pursuant to a share purchase agreement dated the same date (as amended from time to time), (i) the Purchase Shares have been duly authorized and validly issued and are fully paid-up or credited as fully paid-up and
non-assessable and free and clear of any and all Encumbrances and (ii) the Selling Shareholder is the sole legal and beneficial owner of the Purchase Shares with full and valid title to any and all Purchase Shares and able to transfer legal and
beneficial title to such Purchase Shares according to the law and on the terms and conditions set out in this Agreement. 
 4.2
Due Authorization. All corporate actions by the Selling Shareholder necessary for the authorization, execution and delivery of, and the performance of any and all obligations of the Selling Shareholder under this Agreement and all other
agreements, instruments and documents executed and delivered in connection with the transactions contemplated hereby (the “Ancillary Agreements”), have been taken or will be taken prior to the Closing. This Agreement and the
Ancillary Agreements, when executed and delivered by the Selling Shareholder, are valid and legally binding obligations of the Selling Shareholder, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium,
reorganization and similar laws affecting creditors’ rights generally and to general equitable principles. 

  
 6 

 EXECUTION VERSION 

 

 4.3 No Conflicts. The execution and delivery of this Agreement and any and all
Ancillary Agreements by the Selling Shareholder and the performance of its respective obligations hereunder and thereunder will not result in (i) any conflict with the memorandum and articles of association of the Selling Shareholder,
(ii) any breach or violation of, conflict with or default under any applicable law, statute, regulation, judgment, order, decree, license, permit or other governmental authorization or any mortgage, lease, agreement, deed of trust, indenture or
any other agreements or instrument to which the Selling Shareholder is a party or by which the Selling Shareholder is bound. 

4.4 Governmental Consents. Any consent, approval or authorization of, or registration or filing with, any governmental agency or
authority required for the execution and delivery by the Selling Shareholder of this Agreement and the Ancillary Agreements have been obtained prior to the Closing. 
 4.5 Litigation. There are no actions pending against or affecting the Selling Shareholder in any court or before any arbitrator of any kind or before or by any governmental authority which would
affect the transactions contemplated herein and the Selling Shareholder has not received written notice of any such actions. 
 SECTION 5
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER, THE COMPANY AND THE PRINCIPAL 
 The Purchaser, the Company and the
Principal hereby jointly and severally represent and warrant to the Selling Shareholder that the statements in this Section 5 are all true, correct and complete as of the date hereof and as of the Closing Date: 

5.1 Authorization. All corporate actions by the Purchaser and the Company necessary for the authorization, execution and delivery
of, and the performance of any and all of their respective obligations under this Agreement and the Ancillary Agreements have been taken or will be taken prior to the Closing. This Agreement and the Ancillary Agreements, when executed and delivered
by the Purchaser, the Company and the Principal, constitute their valid and legally binding obligations, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting
creditors’ rights generally and to general equitable principles. 
 5.2 No Conflicts; Consents and Approvals, etc.
The execution and delivery of this Agreement and the Ancillary Agreements by the Purchaser, the Company and the Principal and the performances of their respective obligations hereunder and thereunder will not result in (i) in the case of the
Purchaser and the Company, any conflict with their respective constitutional documents including but not limited to their certificates of incorporation, by-laws and articles of association or other such documents, or (ii) any breach or
violation of, conflict with or default under any applicable law, statute, regulation, judgment, order, decree, license, permit or other governmental authorization or any mortgage, lease, agreement, deed of trust, indenture or any other agreements or
instrument to which the Purchaser, the Company and/or the Principal is a party or by which the Purchaser, the Company and/or the Principal or their respective properties or assets are bound. 

  
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 EXECUTION VERSION 

 

 SECTION 6 POST CLOSING 
 6.1 Directors Indemnity. The Company and the Principal jointly and severally agree to fully indemnify and hold harmless the GigaMedia Nominees, and release them from any and all loss, damage,
costs, actions, claims, liabilities, proceedings, demands, risks, charges and/or expenses of whatsoever nature and howsoever arising whether direct, indirect, joint, several, actual, contingent or otherwise arising from their tenure as directors of
the Company, except where such loss or damage results from any action or inaction of such director constituting willful misconduct, gross negligence or violation of applicable criminal laws. The indemnity set out in this Section 6.1 shall
survive Closing. 
 6.2 Amendment of Articles. The Purchaser, the Principal and the Selling Shareholder, as shareholders
of the Company post Closing, shall amend the Company’s memorandum and articles of association in accordance with the mutually agreed amended and restated shareholders agreement to be entered into by the Parties contemporaneous with this
Agreement, to reflect, inter alia, the new board composition, share structure, and removal of all preferential and other rights and obligations of the preference shareholders of the Company. 

6.3 Termination of Loan Agreement. At the Closing, the Selling Shareholder agrees that the principal and interest under the loan
agreements entered into between the Selling Shareholder or any of its affiliates on one hand and the Purchaser, the Company or the Principal on the other, and all outstanding amounts due and owing from the Purchaser, the Company or the Principal to
the Selling Shareholder or any of its affiliates shall be released and be written-off unconditionally and absolutely and that the loan agreements be terminated with no further obligation on the part of the Purchaser, the Company or the Principal.

 6.4 Financial Information. The Company will provide the Selling Shareholder with unaudited
financial reports of the Company’s operation and cash position, prepared under local generally accepted accounting principles and in a format and structure mutually agreed by the Company and the Selling Shareholder, on a monthly basis by the
20th of the subsequent month. The Company will endeavour
to use its best efforts to provide the Selling Shareholder with audited annual report within 90 days after the end of each financial year and will provide audited annual report in any event, within 180 days after the end of the financial year. The
Company will provide additional or supplemental financial information as per reasonable request by the Selling Shareholder. 

  
 8 

 EXECUTION VERSION 

 

 SECTION 7 CONFIDENTIALITY 

7.1 Confidential Information. For purpose of this Section 7, the term “Confidential Information” shall mean
the execution, delivery and performance of this Agreement and any and all information delivered by a Party to any of the other Parties in connection with the transactions contemplated herein (including the very existence of any of the transactions).

 7.2 Non-Disclosure. 
 (i) Without the prior written consent of the disclosing Party, any Party(s) receiving the Confidential Information (a) may not use or disclose to any person any Confidential Information; and
(b) shall make every effort to prevent the use or disclosure of the Confidential Information. The said provisions do not apply to (1) disclosure of Confidential Information to a director or employee of the receiving Party(s) whose function
requires him to have the Confidential Information, (2) disclosure of Confidential Information to a professional adviser for the purpose of advising any of the Parties, (3) Confidential Information which has become public knowledge other
than, directly or indirectly, through the receiving Party’s breach of this Section 7.2, or (4) disclosure of Confidential Information required by law or any regulation or any competent authorities, or NASDAQ listing requirements;
provided, however, that in the above situations (1) and (2) the persons receiving the Confidential Information have undertaken to observe the confidentiality obligations herein. Notwithstanding the foregoing, each Party may make disclosure
regarding this Agreement and any other matters as it believes in good faith may be required in order for it to comply with any rule, regulation, requirement or order of the U.S. Securities and Exchange Commission, NASDAQ, the Singapore Government or
any other U.S. or Singapore regulatory body. 
 SECTION 8 MISCELLANEOUS 

8.1 Tag-along Right. The Selling Shareholder shall have a tag-along right in the event that the Purchaser or the Principal sells
all or part of their shares in the Company to any third party that is not a subsidiary or affiliate of the Purchaser, the Principal or the Company. 
 8.2 Binding Effect; Assignment; Joint and Several. This Agreement shall be binding upon and shall be enforceable by each Party, its successors and permitted assigns. No Party may assign any of its
rights or obligations hereunder without the prior written consent of the other Parties. For the avoidance of doubt, notwithstanding any provision herein or elsewhere, the obligations of the Purchaser and the Principal under this Agreement shall be
on a joint and several basis. 

  
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 EXECUTION VERSION 

 

 8.3 Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the Republic of Singapore. 
 8.4 Dispute Resolution. Any dispute relating to or arising
from the performance of this Agreement shall first be settled through consultations among the Parties, and if the Parties cannot reach an agreement regarding such dispute within thirty (30) days of the start of a consultation relating to such
dispute, such dispute shall be submitted to the Singapore International Arbitration Center (“SIAC”) in Singapore for arbitration in accordance with the Arbitration Rules of the SIAC then in force, which rules are deemed to be
incorporated by reference into this Agreement. The arbitration shall be conducted in Singapore. The arbitration tribunal shall consist of one arbitrator. The language of the arbitration shall be English. The arbitration award shall be final and
legally binding on the Parties in dispute. 
 8.5 Costs and Expenses. Each of the Parties shall pay all its own costs and
expenses incident to its negotiation and entry into this Agreement and any other related agreements or instruments contemplated hereunder or thereunder and to its performance of and compliance with all agreements and conditions contained herein or
therein on its part to be performed or complied with, including the fees, expenses and disbursements of any counsel and/or accountants that it may have retained. Notwithstanding the foregoing, the Company shall be solely responsible for all the
costs and expenses arising out of or in connection with the Whitewash Approval, registration and issue of new shares, and the Selling Shareholder shall be solely responsible for all the costs and expenses arising out of or in connection with the
appointment and use of the Escrow Agent in relation to this Agreement and the Spring Asia SPA. 
 8.6 Notices. All
notices, requests, demands, waivers and other communications required or permitted to be given under this Agreement shall be in writing and delivered in person, by courier or by facsimile (along with a copy by certified or registered mail) to the
following addresses: 
  

	 	(i)	If to the Selling Shareholder, to: 

 GIGAMEDIA ASIA PACIFIC LIMITED 
 Address: 10F, No. 392 Ruiguang Road,
Neihu District 
 Taipei 11492, Taiwan 
  

			
	Facsimile:	  	+886-2-2656-8001
	Telephone:	  	+886-2-2656-8030
	Attention:	  	DIRK CHEN

  

	 	(ii)	If to the Purchaser, to: 

MANAGEMENT CAPITAL INTERNATIONAL LTD. 
  

			
	Address:	  	35 Tai Seng Street #01-01, Tata Communications Exchange, Singapore 534103
		
	Facsimile:	  	+65-6898 8881
	Attention:	  	ROLAND ONG TOON WAH

  
 10 

 EXECUTION VERSION 

 

	 	(iii)	If to the Principal, to: 

  

			
	Address:	  	35 Tai Seng Street #01-01, Tata Communications Exchange, Singapore 534103
	Facsimile:	  	+65 6898 8881
	Telephone:	  	+65 6309 3008
	Attention:	  	ROLAND ONG TOON WAH

  

	 	(iv)	If to the Company, to: 

INFOCOMM ASIA HOLDINGS PTE. LTD. 
  

			
	Address:	  	35 Tai Seng Street #01-01, Tata Communications Exchange, Singapore 534103
		
	Facsimile:	  	+65- 6898 8881
	Attention:	  	ROLAND ONG TOON WAH

 or, in each case, at such other address as may be specified in writing to the other Parties in accordance with the
requirements of this Section 8.6. 
 All such notices, requests, demands, waivers and other communications shall be deemed to have been
received 
 (a) if by personal delivery or courier, on the day delivered, or 

(b) if by facsimile, (x) if during business hours on a Business Day, on the day on which such facsimile was sent, or
(y) otherwise on the Business Day immediately following the day on which such facsimile was sent, provided that a copy is also sent by certified or registered mail. 

  
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 EXECUTION VERSION 

 

 8.7 Taxation. The Parties understand and acknowledge that there may be tax
implications to the payment of some or all of the monies paid pursuant to this Agreement. The Parties understand and acknowledge that in the event any governmental or taxing authority takes the position that some or all of the monies paid pursuant
to this Agreement are taxable or taxable in a different manner than set forth in this Agreement, the Purchaser shall be solely responsible for any and all tax obligations that may arise with regard to itself respectively. If any governmental or
taxing authority disagrees with how the payment is allocated, such allocation shall not void any other provision of this Agreement. The Parties further warrant and agree to indemnify, secure and hold all other Parties harmless from any of its own
costs, assessments, penalties, damages, fees, interest, or any other sums arising from any tax obligations imposed by any governmental or taxing authority as a result of the monies paid pursuant to this Agreement. All payments of fees or other
amounts to be made by the Purchaser under this Agreement will be made without deduction or withholding for or on account of any taxes, duties or levies (including but not limited to any taxes, duties or levies on the supply of goods and services).
If the Purchaser is required by law to deduct or withhold any taxes, duties or levies, the Purchaser shall pay such additional amounts as shall be necessary in order that the net amounts received by the Selling Shareholder after such deduction or
withholding shall equal the amounts which would have been received by the Selling Shareholder (or such other person as it may direct) had no such deduction or withholding been required to be made. 

8.8 Severability. Should any provision of this Agreement be determined to be illegal or unenforceable by competent authorities,
such determination shall not affect the legal effect of the remaining provisions of this Agreement to the greatest extent permitted by applicable law. 
 8.9 Further Assurances. Each Party shall from time to time and at all times hereafter make, do, execute or cause or procure to be made, done and executed such further acts, deeds, conveyances,
consents and assurances without further consideration, which may reasonably be required to effect the transactions contemplated by this Agreement. 
 8.10 Counterparts. This Agreement may be executed in counterparts and signed by the Parties on separate copies or counterparts, all of which taken together shall constitute one and the same
instrument. The facsimile transmissions of any executed original document (including without limitation, any page of an original document on which an original signature appears) and/or retransmission of any such facsimile transmission shall be
deemed to be the same as the delivery of an executed original. At the request of any Party, the other Parties shall confirm facsimile transmissions by executing duplicate original documents and delivering the same to the requesting Party or Parties.

 8.10 Third Party Contract Rights. Except for the GigaMedia Nominees, a person who is not a party to this Agreement has
no rights under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to enforce any term of this Agreement. Notwithstanding any terms of this Agreement, the consent of any third party is not required for any variation (including any
release or compromise of any liability under) or termination of this Agreement. 
 [SIGNATURE PAGE FOLLOW] 

  
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 EXECUTION VERSION 

 

 (Signature Page) 
 IN WITNESS WHEREOF the Parties have caused their duly authorized representatives to execute this Agreement as of the date first written above. 

 

			
	INFOCOMM ASIA HOLDINGS PTE. LTD.
		
	Signed By:	 	 /s/ Roland Ong

	Name:	 	Roland Ong
	Title:	 	Director
	
	GIGAMEDIA ASIA PACIFIC LIMITED
		
	Signed By:	 	 /s/ John R. Stringer

	Name:	 	John R. Stringer
	Title:	 	Director
	
	MANAGEMENT CAPITAL INTERNATIONAL LIMITED
		
	Signed By:	 	 /s/ Roland Ong

	Name:	 	Roland Ong
	Title:	 	Director
	
	ROLAND ONG TOON WAH
	
	 /s/ Roland Ong

 Schedule 
 Form of Shareholders’ AgreementEX-10.2

 Exhibit 10.2 
 EXECUTION VERSION 
 SHARE PURCHASE AGREEMENT 

- among - 

INFOCOMM ASIA HOLDINGS PTE. LTD. 
 - and - 
 GIGAMEDIA ASIA PACIFIC LIMITED 

- and - 

SPRING ASIA LIMITED 
 - and - 
 ROLAND ONG TOON WAH 

JULY 2, 2012 

  
 1 

 EXECUTION VERSION 

 

 SHARE PURCHASE AGREEMENT 

This Share Purchase Agreement (this “Agreement”) is entered into and made by and between the following parties on
July 2, 2012 (the “Execution Date”): 
 INFOCOMM ASIA HOLDINGS PTE. LTD., (Company Registration
Number 200414772H), a private company limited by shares incorporated in Singapore with its registered office at 35 Tai Seng Street #01-01, Tata Communications Exchange, Singapore 534103 (the “Purchaser”); 

GIGAMEDIA ASIA PACIFIC LIMITED, (IBC Number 1068168), a company incorporated in the British Virgin Islands and having its
registered office at Overseas Management Company Trust (B.V.I.) Ltd., OMC Chambers, P.O. Box 3152, Road Town, Tortola, British Virgin Islands (the “Selling Shareholder”); 

SPRING ASIA LIMITED, (Certificate of Incorporation No. 601937), a business company incorporated in the British Virgin Islands
(the “BVI”) and having its registered office at Portcullis TrustNet Chambers, P.O. Box 3444, Road Town, Tortola, British Virgin Islands (the “Company”); and 

ROLAND ONG TOON WAH (NRIC No. S1713456F) of 21 Elliot Walk, Singapore 458675 (“Roland”), 

(each, a “Party” and collectively, the “Parties”) 

WHEREAS, 

(i) Game First International Corporation (Company Registration Number 27750814) (“GFI”) is a company organized and
existing under the laws of the Republic of China (“ROC”) with its registered office at 2F, 97, Sec. 2, Nam Kang Road, Taipei 115, Taiwan, ROC; 
 (ii) The Selling Shareholder owns 100% of the issued shares in the Company with a par value of US$1.00 each, and the Company owns a total of 7,198,875 ordinary shares of GFI (being 30% of the entire
issued and paid-up share capital of GFI), par value NT$10.00 (New Taiwan Dollars) per share; and 
 (iii) The Selling
Shareholder wishes to sell to the Purchaser and the Purchaser wishes to purchase from the Selling Shareholder, 100% of the issued shares in the Company (the “Purchase Shares”), subject to the terms and conditions set forth herein.

 NOW, THEREFORE, in consideration of the premises set forth above, the mutual covenants and agreements set forth herein and
for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereby agree as follows: 

  
 2 

 EXECUTION VERSION 

 

 SECTION 1 DEFINITIONS 
 “Articles” means the articles of association of the Company as may be further amended from time to time; 
 “Business Day” means any day of the year on which banking institutions in Singapore, Taiwan and the British Virgin Islands are generally open to the public for conducting business and are
not required or authorized to close; 
 “Companies Act” means the Companies Act, Chapter 50 of Singapore;

 “Company Secretary” means Portcullis TrustNet (Singapore) Pte Ltd (Co Reg.No. 198900404M), with its office
at 6 Temasek Boulevard, #09-05 Suntec Tower Four, Singapore 038986; 
 “Escrow Agent” means Trident Trust
Company (Singapore) Pte. Limited, with its office at 96 Robinson Road, #16-01 SIF Building, Singapore 068899; 

“Encumbrance” shall mean any interest or equity of any person (including, without prejudice to the generality of the
foregoing, any right to acquire option or right of pre-emption) or any mortgage, lien, pledge, charge, assignment, hypothecation, security interest, title retention or any other security, claim, agreement or arrangement of whatsoever nature;

 “MCIL” shall mean Management Capital International Limited, a company incorporated in the British Virgin
Islands and having its registered office at Portcullis Trustnet Chambers, P.O. Box 3444, Road Town, Tortola, British Virgin Islands; 
 “Purchase Shares” has the meaning set forth in recital (iii) above; 
 “IAH Share Purchase Agreement” means a share purchase agreement entered into by and among the Selling Shareholder, MCIL, Roland and the Purchaser as of the same date of this Agreement on
the terms and subject to the conditions set out therein; 
 “Transfer Agent” means Portcullis TrustNet
(Singapore) Pte Ltd, with its office at 6 Temasek Boulevard, #09-05 Suntec Tower Four, Singapore 038986;

“US$” shall mean the lawful currency of the United States of America; and 

“Whitewash Approval” means the approval of the shareholders of the Purchaser for the provision of financial assistance
(within the meaning of Section 76 of the Companies Act) by the Purchaser to MCIL in relation to the security to be created under the Share Charge (as defined herein). 

  
 3 

 EXECUTION VERSION 

 

 SECTION 2 AGREEMENT TO PURCHASE AND SELL 

2.1 Agreement to Purchase and Sell. Subject to the terms and conditions of this Agreement, the Purchaser shall purchase from the
Selling Shareholder, and the Selling Shareholder shall sell to the Purchaser, the Purchase Shares for an amount as set out in Section 2.2 below. Subject to completion of the obligations of each of the Purchaser and Roland under
Section 3.3(A) below, the transfer and delivery of the Purchase Shares in accordance with this Agreement shall convey good title to the Purchase Shares, free and clear from any and all Encumbrances (as defined herein), and with all rights,
benefits, entitlements and advantages attached or accruing to them on and from the Closing (as defined herein). 
 2.2
Purchase Price. The total purchase price to be paid by the Purchaser to the Selling Shareholder for the Purchase Shares (“Purchase Price”) shall be US$3,000,000 (tax exclusive). 

2.3 Payment of the Purchase Price. The Purchase Price shall be paid by the Purchaser in four (4) equal installments of
US$750,000 each, payable as follows: 
 (i) the first installment of US$750,000 (“First Installment”) to be
paid on the Execution Date; and 
 (ii) the remaining installments to be paid upon at three (3) month intervals following
the Execution Date, that is, on or prior to each of October 2, 2012, January 2, 2013, and April 2, 2013 (each an “Installment Payment Date”), 
 in cash via wire transfer of immediately available funds into the following bank account or other account designated by the Selling Shareholder: 

Bank name: CITIBANK TAIWAN LIMITED 
 Bank address: NO 1 SONGJHIH ROAD, HSINYI DIST TAIPEI 110, TAIWAN REPUBLIC OF CHINA 

Account holder: GigaMedia International Holdings Limited 
 Account number: 5048937502 
 SWIFT code: CITITWTX 

Any one of the installments may be paid before the relevant Installment Payment Date at the sole discretion of the Purchaser or Roland. 

2.4 Grace Period for Payment. The Selling Shareholder agrees to grant the Purchaser a 90 calendar day grace period for each
Installment Payment Date if the Purchaser communicates to the Selling Shareholder that it has a reasonable reason to delay a payment and such request shall not be unreasonably withheld or denied. The Selling Shareholder as chargee shall only be
entitled to enforce the Share Charge (as defined below) with regard to the Purchase Shares in proportion and undertake such similar enforcement action with regard to the GFI’s shares held by the Company upon the expiry of 90 calendar days from
each relevant Installment Payment Date. Interest shall accrue on the overdue amount from the relevant Installment Payment Date up to the date of actual payment at a rate equivalent to the prevailing 1 month SIBOR as at each relevant Installment
Payment Date plus 1 percent. 

  
 4 

 EXECUTION VERSION 

 

 2.5 Cancellation of Put and Call Options. The Purchaser and the Selling
Shareholder agree to cancel the call option and the put option (collectively, the “Put and Call Options”) granted to each of the Purchaser and the Selling Shareholder, respectively, pursuant to a share purchase agreement entered
into between the Purchaser and the Selling Shareholder on April 30, 2010 (the “Old SPA”). Upon execution of this Agreement and subject to Closing, the Put and Call Options and all other ancillary rights and obligations
pertaining to the Put and Call Options under the Old SPA shall be terminated. 
 SECTION 3 CLOSING; DELIVERY; PRE-CLOSING 

3.1 The Pre-Closing. The Parties will arrange for a pre-closing (the “Pre-Closing”) on the same day as the planned
Closing Date (defined below) or such other day as may be agreed between the Parties. During the Pre-Closing, the Purchaser and Roland shall execute and register the share transfer form and relevant resolutions in relation to the sale of the
Company’s shares from the Purchaser to the Selling Shareholder as provided in the Old SPA and the issuance by the Company of a new share certificate in respect of such shares. 

3.2 Closing. Subject to the satisfaction of the conditions precedents set out in this Section 3, the completion of the
transfer of the Purchase Shares (the “Closing”) shall take place at the office of the Transfer Agent, on August 16, 2012 (the “Closing Date”), or at such other place and time as the Parties may mutually agree
in writing. Upon the Closing, all the rights and benefits attached to and in relation to the Purchase Shares (including but not limited to the dividends attributable to the Purchase Shares if any) as at the Closing Date shall be transferred from the
Selling Shareholder to the Purchaser. 
 3.3 Conditions Precedent to Closing. The obligations of the Parties under this
Agreement are subject to the following conditions: 
 (A) Execution and registration by the Purchaser and Roland of a share
transfer instrument and relevant resolutions to approve the transfer of shares in the Company from the Purchaser to the Selling Shareholder as provided in the Old SPA and issuance by the Company of a new share certificate in respect of such shares
in the name of the Selling Shareholder as well as the cancellation of the old share certificate in the name of the Purchaser; 

(B) Execution and registration by the Purchaser and Roland of a share charge (the “Share Charge”) in an agreed form
attached as a schedule to this Agreement to charge all of the Purchase Shares to the Selling Shareholder and the entry of a notation in the register of members of the Company relating to the Share Charge; 

  
 5 

 EXECUTION VERSION 

 

 (C) Delivery by the Purchaser and Roland of the following documents to the Escrow Agent
for escrow until all of the Purchase Shares have been released from the Share Charge: 
 (i) duly executed undated share
transfer forms in respect of the charged Purchase Shares in favor of the Selling Shareholder as chargee, in an agreed form attached as a schedule to the Share Charge; 
 (ii) all of the share certificates representing the charged Purchase Shares; 

(iii) evidence of filing of the register of members of the Company with the BVI Registry of Corporate Affairs bearing the notation
referred to in Section 3.3(B) above; 
 (iv) an executed undated irrevocable proxy made in respect of the charged Purchase
Shares in favor of the Selling Shareholder as chargee in respect of all general meetings of the Company, in an agreed form attached as a schedule to the Share Charge; 
 (v) executed but undated letters of resignation and release together with letters of authority from Roland as sole director of the Company, in an agreed form attached as a schedule to the Share Charge;

 (vi) an undertaking from the Company to register transfers of the charged Purchase Shares to the Selling Shareholder as
chargee, in an agreed form attached as a schedule to the Share Charge; and 
 (vii) a covenant from the Purchaser as chargor to
covenant with the Selling Shareholder that it will procure any amendment to the memorandum and articles of association of the Company that is necessary or desirable in order to give effect to the terms of the Share Charge; 

(D) Delivery by the Company and Roland of all of the share certificates representing 30% of the issued and outstanding shares of GFI held
by the Company to the Escrow Agent for escrow until all of the Purchase Price has been fully paid by the Purchaser in accordance with this Agreement; 
 (E) The IAH Share Purchase Agreement shall have been duly executed, registered and delivered and shall remain in full force and effect; 

(F) The Whitewash Approval having been obtained and the whitewash procedures required to be implemented by the Purchaser under
Section 76(9B) of the Companies Act having been completed; 
 (G) The representations and warranties set out in
Section 4, Section 4A and Section 5 of this Agreement continuing to be true and accurate as of the Closing Date; 

  
 6 

 EXECUTION VERSION 

 

 (H) Each Party shall have performed and complied with all agreements, obligations and
conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing; 
 (I)
Satisfaction of all the condition precedents set out in Section 3 of the IAH Share Purchase Agreement; and 
 (J) Execution
and delivery by the Purchaser of a notification letter (the “Notification Letter”) in an agreed form attached as a schedule to this Agreement to the Company Secretary indicating that Ms. Jennifer Tseng and Ms. Chen Li have
been added as the contact persons of the Company for and only for the following matters: change of directors, transfer of the shares, and issue of new shares of the Company. 
 3.4 Delivery at the Closing. 
 (A) At the Closing, the Selling Shareholder
shall deliver the following items to the Purchaser: 
 (i) The duly executed share transfer form in respect of the Purchase
Shares, together with four duly issued share certificates in respect of the Purchase Shares, each share certificate representing one fourth of the Purchase Shares and the register of members of the Company showing the Purchaser as the holder of the
Purchase Shares. 
 (B) At the Closing, the Purchaser shall pay the First Installment to the Selling Shareholder against receipt
of the deliverables listed in Section 3.4(A) hereof. Upon receipt of the deliverables listed in Section 3.4(A) hereof, the Purchaser shall issue a written receipt acknowledging such receipt to the Selling Shareholder. 

3.5 Release of Share Charge. Immediately upon payment to the Selling Shareholder of each installment of the Purchase Price, as
provided for in Section 2.3 above, at Closing and on each Installment Payment Date, the Selling Shareholder shall instruct the Escrow Agent to release the Share Charge as follows: 

(a) 25% of the charged Purchase Shares will be released from the Share Charge upon payment of the First Installment; 

(b) another 25% of the charged Purchase Shares will be released from the Share Charge upon payment of the second installment of
US$750,000; 
 (c) another 25% of the charged Purchase Shares will be released from the Share Charge upon payment of the third
installment of US$750,000; and 
 (d) the remaining 25% of the charged Purchase Shares will be released from the Share Charge
upon payment of the fourth and final installment of US$750,000. 

  
 7 

 EXECUTION VERSION 

 

 For the avoidance of doubt, the release of the charged Purchase Shares shall be
accompanied by the release by the Escrow Agent of such necessary documents including, inter alia, the undated share transfer forms and the share certificates corresponding to the relevant released Purchase Shares. 

For the avoidance of doubt, upon the payment of the fourth and final installment of US$750,000, all documents delivered to the Escrow
Agent for escrow under Section 3.3 shall be released from escrow in full and returned back to the Purchaser within 3 Business Days. 
 3.6 Simultaneous Completion. Notwithstanding anything to the contrary contained in this Agreement but subject always to the discretion of the Selling Shareholder to waive this requirement, neither
the Selling Shareholder nor the Purchaser shall be obliged to complete the sale and purchase of any of the Purchase Shares unless: 
 (i) the sale and purchase of all the Purchase Shares and the IAH Share Purchase Agreement are effected simultaneously; and 
 (ii) each of the IAH Share Purchase Agreement and this Agreement shall be in full force and effect as at Closing and not terminated or rescinded prior to Closing. 

SECTION 4 REPRESENTATIONS AND WARRANTIES OF THE SELLING SHAREHOLDER 
 The Selling Shareholder hereby represents and warrants to the Purchaser that each of the following statements in this Section 4 is true, correct, complete and not misleading as of the date hereof and
as of the Closing Date: 
 4.1 Purchase Shares. Subject to completion of the obligations of each of the Purchaser and Roland
under Section 3.3(A) above, the Purchase Shares are free from all Encumbrances and are fully paid-up or credited as fully paid-up. Subject to completion of the obligations of each of the Purchaser and Roland under Section 3.3(A) above, the
Selling Shareholder is the sole legal and beneficial owner of the Purchase Shares and is entitled and able to transfer legal and beneficial title to such Purchase Shares according to the law and on the terms and conditions set out in this Agreement.

 4.2 Due Authorization. All corporate actions by the Selling Shareholder necessary for the authorization, execution and
delivery of, and the performance of any and all obligations of the Selling Shareholder under this Agreement and all other agreements, instruments and documents executed and delivered in connection with the transactions contemplated hereby (the
“Ancillary Agreements”), have been taken or will be taken prior to the Closing. This Agreement and the Ancillary Agreements, when executed and delivered by the Selling Shareholder, are valid and legally binding obligations of the
Selling Shareholder, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general equitable principles. 

  
 8 

 EXECUTION VERSION 

 

 4.3 No Conflicts. The execution and delivery of this Agreement and any and all
Ancillary Agreements by the Selling Shareholder and the performance of its respective obligations hereunder and thereunder will not result in (i) any conflict with the certificate of incorporation, by-laws or other constitutive documents of the
Selling Shareholder, or (ii) any breach or violation of, conflict with or default under any applicable law, statute, regulation, judgment, order, decree, license, permit or other governmental authorization or any mortgage, lease, agreement,
deed of trust, indenture or any other agreements or instrument to which the Selling Shareholder is a party or by which the Selling Shareholder is bound. 
 4.4 Litigation. There are no actions pending against or affecting the Selling Shareholder in any court or before any arbitrator of any kind or before or by any governmental authority which would
affect the transactions contemplated herein and the Selling Shareholder has not received written notice of any such actions. 

4.5 Governmental Consents. Any consent, approval or authorization of, or registration or filing with, any governmental agency or
authority required for the execution and delivery by the Selling Shareholder of this Agreement and the Ancillary Agreements have been obtained prior to the Closing. 
 SECTION 4A REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
 The Company
hereby represents and warrants to the Parties that the statements in this Section 4A are all true, correct and complete as of the date hereof and as of the Closing Date: 
 4A.1 Capitalization. The capitalization of the Company immediately prior to the Closing consists of the following: 
 (a) Purchase Shares. The Purchase Shares constitute the entire issued shares of the Company. 
 (b) Preference Shares. The Company has no preference shares. 
 4A.2
Organization, Good Standing and Qualification. The Company has been duly incorporated and is validly existing in good standing under the laws of the British Virgin Islands. The Company has the corporate power and authority to
own and operate its properties and assets and to carry on its business as currently conducted and as presently proposed to be conducted. The Company is not a land owning company within the meaning of section 242(5) of the BVI Business Companies Act
2004. 

  
 9 

 EXECUTION VERSION 

 

 SECTION 5 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND ROLAND 

Each of the Purchaser and Roland hereby represents and warrants to the Selling Shareholder that each of the following statements in this
Section 5 is true, correct, complete and not misleading as of the date hereof and as of the Closing Date: 
 5.1
Authorization. All corporate actions by the Purchaser necessary for the authorization, execution and delivery of, and the performance of any and all of its obligations under this Agreement and the Ancillary Agreements have been taken or will
be taken prior to the Closing. This Agreement and the Ancillary Agreements, when executed and delivered by the Purchaser and Roland, constitute valid and legally binding obligations of the Purchaser and Roland, subject, as to enforcement of
remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general equitable principles. 
 5.2 No Conflicts; Consents and Approvals, etc. The execution and delivery of this Agreement by the Purchaser and Roland and the performance of their respective obligations hereunder will not result
in (i) in the case of the Purchaser, any conflict with the memorandum and articles of association of the Purchaser, or (ii) any breach or violation of, conflict with or default under any applicable law, statute, regulation, judgment,
order, decree, license, permit or other governmental authorization. 
 5.3 Financial Capability for Payment. The
Purchaser is financially capable of performing all of its obligations herein including but not limited to the payment of the Purchase Price. 
 5.4 Roland’s Representations and Warranties. Roland shall (a) do all things necessary in order to effect the creation of the Share Charge over the Purchase Shares including but not
limited to the filing of the register of members of the Company as described in Section 3.3(C)(iii) above and (b) deliver all of the share certificates of GFI representing 30% of the issued and outstanding shares of GFI held by the Company
to the Escrow Agent for escrow until all of the Purchase Price has been fully paid in accordance with this Agreement. 
 5.5
Governmental Consents. Any consent, approval or authorization of, or registration or filing with, any governmental agency or authority required for the execution and delivery by the Purchaser of this Agreement and the Ancillary Agreements
have been obtained prior to the Closing. 
 SECTION 6 UNDERTAKINGS 

6.1 Restrictions on Transfer of Purchase Shares. (a) Subject always to Section 6.1(b) below, the Purchaser undertakes not
to charge, pledge, sell, realise, transfer or otherwise dispose of any of its interest in any of the Purchase Shares unless the proportion of the Purchase Shares pledged, sold, realized, transferred or disposed of is less than or equal to the
proportion which has been released from the Share Charge as provided for in Section 3.5 above. 

  
 10 

 EXECUTION VERSION 

 

 (b) Roland shall procure, until all of the Purchase Price has been fully paid by the
Purchaser in accordance with this Agreement: (i) the appointment of new director(s) to the Company to reflect the pro-rata shareholdings of the shareholders of the Company; and (ii) the delivery of the following items to the Escrow
Agent for escrow upon the appointment of such new directors: 
 i. duly executed undated share transfers (where required, to have
also been executed by the new directors) in respect of the relevant proportion of the Purchase Shares which has not been released from the Share Charge in the form set out in Schedule 3; and 

ii. duly executed undated board resolutions (where required, to have also been executed by the new directors) to approve the transfer of
the relevant proportion of the Purchase Shares which has not been released from the Share Charge and to add new director(s) appointed by the Selling Shareholder in substantially the form as set out in Schedule 4. 

(c) For the avoidance of doubt, the Selling Shareholder undertakes that it will not appoint any new directors of the Company and/or will
not procure the transfer or issue of new shares in the capital of the Company (and shall accordingly ensure that Ms. Jennifer Tseng and/or Ms. Chen Li shall not give any instruction for the Selling Shareholder to appoint such new directors
of the Company and/or procure the transfer or issue of new shares in the capital of the Company) unless there has been a failure on the part of the Purchaser to pay an installment of the Purchase Price on the relevant Installment Payment Date. In
addition, the Selling Shareholder undertakes to ensure that where Section 6.1(b) is fulfilled such that duly executed undated board resolutions have been delivered to the Escrow Agent, Ms. Jennifer Tseng and/or Ms. Chen Li shall not
withhold any legitimate instruction regarding either (aa) the appointment of new directors of the Company by an entity/individual other than the Selling Shareholder, or (bb) the transfer or issue of new shares in the capital of the Company on the
instructions by an entity/individual other than the Selling Shareholder. 
 6.2 Restrictions on Transfer of GFI’s
Shares. The Company undertakes that it shall not and the Purchaser undertakes to procure that the Company shall not charge, pledge, sell, realise, transfer or otherwise dispose of any of its interests in the shares in the capital of GFI held by
the Company except with the prior written consent of the Selling Shareholder (such consent to be given at the absolute discretion of the Selling Shareholder) until all of the Purchase Price has been fully paid by the Purchaser to the Selling
Shareholder in accordance with this Agreement. 
 6.3 Change of Contact Persons. The Selling Shareholder undertakes to
procure the contact persons as provided for in the Notification Letter to inform the Company Secretary that Ms. Jennifer Tseng and Ms. Chen Li shall be removed as the contact persons for the Company upon the full payment of the Purchase
Price in accordance with this Agreement and all of the Purchase Shares has been fully released from the Share Charge. 

  
 11 

 EXECUTION VERSION 

 

 SECTION 7 CONFIDENTIALITY 

7.1 Confidential Information. For purpose of this Section 7, the term “Confidential Information” shall mean
the execution, delivery, performance, any content and very existence of this Agreement and any and all information delivered by a Party to any of the other Parties in connection with the transactions contemplated herein (including the very existence
of any of the transactions). 
 7.2 Non-Disclosure. Without the prior written consent of the disclosing Party, any
Party(s) receiving the Confidential Information (i) may not use or disclose to any person any Confidential Information; and (ii) shall make every effort to prevent the use or disclosure of the Confidential Information. The said provisions
do not apply to (a) disclosure of Confidential Information to a director or employee of the receiving Party(s) whose function requires him to have the Confidential Information, (b) disclosure of Confidential Information to a professional
adviser for the purpose of advising any of the Parties, (c) Confidential Information which has become public knowledge other than, directly or indirectly, through the receiving Party’s breach of this Section 7.2, or
(d) disclosure of Confidential Information required by law or any regulation or any competent authorities, or NASDAQ listing requirements; provided, however, that in the above situations (a) and (b) the persons receiving the
Confidential Information have undertaken to observe the confidentiality obligations herein. Notwithstanding the foregoing, each Party may make disclosure regarding this Agreement and any other matters as it believes in good faith may be required in
order for it to comply with any rule, regulation, requirement or order of the U.S. Securities and Exchange Commission, NASDAQ, the Singapore Government or any other U.S. or Singapore regulatory body. 

SECTION 8 MISCELLANEOUS 

8.1 Binding Effect; Assignment; Joint and Several. This Agreement shall be binding upon and shall be enforceable by each Party, its
successors and permitted assigns. No Party may assign any of its rights or obligations hereunder without the prior written consent of the other Parties. For the avoidance of doubt, notwithstanding any provision herein or elsewhere, the obligations
of the Purchaser and Roland under this Agreement shall be on a joint and several basis. 

  
 12 

 EXECUTION VERSION 

 

 8.2 Taxation. The Parties understand and acknowledge that there may be tax
implications to the payment of some or all of the monies paid pursuant to this Agreement. The Parties understand and acknowledge that in the event any governmental or taxing authority takes the position that some or all of the monies paid pursuant
to this Agreement are taxable or taxable in a different manner than set forth in this Agreement, each party shall be solely responsible for any and all tax obligations that may arise with regard to itself respectively. If any governmental or taxing
authority disagrees with how the payment is allocated, such allocation shall not void any other provision of this Agreement. The Parties further warrant and agree to indemnify, secure and hold all other Parties harmless from any of its own costs,
assessments, penalties, damages, fees, interest, or any other sums arising from any tax obligations imposed by any governmental or taxing authority as a result of the monies paid pursuant to this Agreement. All payments of fees or other amounts to
be made by the Purchaser under this Agreement will be made without deduction or withholding for or on account of any taxes, duties or levies (including but not limited to any taxes, duties or levies on the supply of goods and services). If the
Purchaser is required by law to deduct or withhold any taxes, duties or levies, the Purchaser shall pay such additional amounts as shall be necessary in order that the net amounts received by the Selling Shareholder after such deduction or
withholding shall equal the amounts which would have been received by the Selling Shareholder (or such other person as it may direct) had no such deduction or withholding been required to be made. 

8.3 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the Republic of Singapore.

 8.4 Dispute Resolution. Any dispute relating to or arising from the performance of this Agreement shall be settled
through consultations among the Parties, and if the Parties cannot reach an agreement regarding such dispute within thirty (30) days of the start of a consultation relating to such dispute, such dispute shall be submitted to the Singapore
International Arbitration Centre (“SIAC”) in Singapore for arbitration in accordance with the Arbitration Rules of the SIAC then in force, which rules are deemed to be incorporated by reference into this Agreement. The arbitration
shall be conducted in Singapore. The arbitration tribunal shall consist of one arbitrator. The language of the arbitration shall be English. The arbitration award shall be final and legally binding on the Parties in dispute. 

8.5 Costs and Expenses. Each of the Parties shall pay all its own costs and expenses incident to its negotiation and entry into
this Agreement and any other related agreements or instruments contemplated hereunder or thereunder and to its performance of and compliance with all agreements and conditions contained herein or therein on its part to be performed or complied with,
including the fees, expenses and disbursements of any counsel and/or accountants that it may have retained. Notwithstanding the foregoing, the Purchaser shall be solely responsible for all the costs and expenses arising out of or in connection with
the Whitewash Approval and the Selling Shareholder shall be solely responsible for all the costs and expenses arising out of or in connection with the appointment and use of the Escrow Agent in relation to this Agreement and the IAH Share Purchase
Agreement. 

  
 13 

 EXECUTION VERSION 

 

 8.6 Notices. All notices, requests, demands, waivers and other communications
required or permitted to be given under this Agreement shall be in writing and delivered in person, by courier or by facsimile (along with a copy by certified or registered mail) to the following addresses: 

 

	 	(a)	If to the Purchaser, to: 

  

			
	INFOCOMM ASIA HOLDINGS PTE. LTD.
		
	Address:	  	35 Tai Seng Street #01-01, Tata Communications Exchange, Singapore 534103
		
	Facsimile:	  	+65- 6898 8881
	Attention:	  	ROLAND ONG TOON WAH

  

	 	(b)	If to the Selling Shareholder, to: 

  

			
	GIGAMEDIA ASIA PACIFIC LIMITED
	Address:	  	10F, No. 392 Ruiguang Road, Neihu District
		  	Taipei 11492, Taiwan
		
	Facsimile:	  	+886-2-2656-8001
	Attention:	  	DIRK CHEN

  

	 	(c)	If to the Company, to: 

  

			
	SPRING ASIA LIMITED
		
	Address:	  	35 Tai Seng Street #01-01 Tata Communications Exchange Singapore 534103
		
	Facsimile:	  	+65 6898 8881
	Attention:	  	ROLAND ONG TOON WAH

  

	 	(d)	If to Roland, to: 

  

			
	Address:	  	35 Tai Seng Street #01-01 Tata Communications Exchange Singapore 534103
	Facsimile:	  	+ 65 6898 8881
	Telephone:	  	+65 6309 3008
	Attention:	  	ROLAND ONG TOON WAH

 or, in each case, at such other address as may be specified in writing to the other Parties in accordance with the
requirements of this Section 8.6. All such notices, requests, demands, waivers and other communications shall be deemed to have been received (x) if by personal delivery or courier, on the day delivered, or (y) if by
facsimile, (A) if during business hours on a Business Day, on the day on which such facsimile was sent, or (B) otherwise on the Business Day immediately following the day on which such facsimile was sent, provided that a copy
is also sent by certified or registered mail. 

  
 14 

 EXECUTION VERSION 

 

 8.7 Counterparts. This Agreement may be executed in counterparts and signed by
the Parties on separate copies or counterparts, all of which taken together shall constitute one and the same instrument. The facsimile transmissions of any executed original document (including without limitation, any page of an original document
on which an original signature appears) and/or retransmission of any such facsimile transmission shall be deemed to be the same as the delivery of an executed original. At the request of any Party, the other Parties shall confirm facsimile
transmissions by executing duplicate original documents and delivering the same to the requesting Party or Parties. 
 8.8
Severability. Should any provision of this Agreement be determined to be illegal or unenforceable by competent authorities, such determination shall not affect the legal effect of the remaining provisions of this Agreement to the greatest
extent permitted by applicable law. 
 8.9 Further Assurances. Each Party shall from time to time and at all times
hereafter make do, execute or cause or procure to be made, done and executed such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required to effect the transactions contemplated by
this Agreement. 
 8.10 Third Party Contract Rights. A person who is not a party to this Agreement has no rights under
the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to enforce any term of this Agreement. Notwithstanding any terms of this Agreement, the consent of any third party is not required for any variation (including any release or
compromise of any liability under) or termination of this Agreement. 
 [SIGNATURE PAGE FOLLOWS] 

  
 15 

 (Signature Page) 
 IN WITNESS WHEREOF the Parties have caused their duly authorized representatives to execute this Agreement as of the date first written above. 

 

			
	INFOCOMM ASIA HOLDINGS PTE. LTD.
		
	Signed By:	 	 /s/ Roland Ong

	Name:	 	Roland Ong
	Title:	 	Director
	
	GIGAMEDIA ASIA PACIFIC LIMITED
		
	Signed By:	 	 /s/ John R. Stringer

	Name:	 	John R. Stringer
	Title:	 	Director
	
	SPRING ASIA LIMITED
		
	Signed By:	 	 /s/ Roland Ong

	Name:	 	Roland Ong
	Title:	 	Director
	
	ROLAND ONG TOON WAH
	
	 /s/ Roland Ong

 Schedule 1 
 Agreed Form of Share Charge 

 Schedule 2 
 Agreed Form of Notification Letter 

 Schedule 3 
 SHARE TRANSFER FORM 
 SPRING ASIA LIMITED 

(the “Company”) 
 TRANSFER OF SHARES 
 Infocomm Asia Holdings Pte. Ltd. DOES HEREBY SELL, TRANSFER AND ASSIGN
to GigaMedia Asia Pacific Limited of Overseas Management Company Trust (B.V.I.) Ltd., OMC Chambers, P.O. Box 3152, Road Town, Tortola, British Virgin Islands (IBC Number 1068168)
                 shares with a par value of US$1.00 each in the Company, a company registered under the BVI Business Companies Act 2004 (British Virgin Islands).

 DATED this              day of         
20     
 Infocomm Asia Holdings Pte. Ltd. 
  

					
	Per:	 	 	 	

 Agreed and accepted this              day of
         20     
 GigaMedia Asia Pacific Limited 

 

					
	Per:	 	 	 	

 Schedule 4 
 SPRING ASIA LIMITED 
 (Company Registration No. 601937) 

DIRECTORS’ RESOLUTIONS IN WRITING PURSUANT TO 
 THE COMPANY’S ARTICLES OF ASSOCIATION 
 Adopted this
            , 20 
 The undersigned, being the sole director of SPRING ASIA LIMITED
(the “Company”), in accordance with the Articles of Association of the Company (the “Articles of Association”), hereby adopt the following written resolutions: 

Whereas, Infocomm Asia Holdings Pte. Ltd. (the “Seller”) has agreed to transfer to GigaMedia Asia Pacific Limited
(the “Purchaser”)                  shares representing     % of the issued shares of the Company (the “Purchase
Shares”), and the Purchaser has agreed to purchase the Purchase Shares from the Seller, for an valuable consideration (the “Share Purchase”) pursuant to the share purchase agreement entered into between the Purchaser and
the Seller (the “Share Purchase Agreement”) dated                     . A copy of the Share Purchase Agreement has been attached as
Appendix A to these resolutions. The instrument of transfer relating to the Purchase Shares executed by the Seller and the Purchaser (the “Instrument of Transfer”) has been attached as Appendix B to these resolutions. 

Resolved (i) that the form, substance, terms, execution, delivery and performance of the Share Purchase Agreement and the
Instrument of Transfer (and the transactions contemplated thereby) be approved; (ii) that the transfer of the Purchase Shares from the Seller to the Purchaser be and is hereby approved; and (iii) that the name of the Purchaser be entered
into the Register of Members as holder of the Purchase Shares with immediate effect. 
 Resolved that
             and              be and are hereby appointed as additional directors of the Company with immediate effect, with full
powers to represent the Company in all respects, their consents to act having been duly received. 
 Resolved that
Jennifer Tseng and Chen Li be and are hereby authorised and granted full powers to represent the Company in any dealings with the Company’s BVI Registered Agent, including in respect of updating the corporate records and any necessary filings
in the BVI. 
 Resolved that the Common Seal of the Company be affixed onto any other document, instrument, form,
certificate, agreement and deed which may be required to be executed by the Company under seal pursuant to or in connection with the Share Purchase Agreement, the Instrument of Transfer, and/or any other document contemplated thereby or by the Share
Purchase, and the affixation of the Common Seal be witnessed and attested to by the signature of the directors of the Company. 

 Resolved that any one director of the Company (or any person authorised by the
director of the Company) be and is hereby authorised to do all such acts or things for and on behalf of the Company (including, but not limited to, filing any documents necessary or appropriate with the relevant authorities) as may be deemed
necessary, expedient, convenient or desirable in connection with the Share Purchase Agreement, the Instrument of Transfer, and/or any other document contemplated thereby or by the Share Purchase and to sign or execute any document required under or
in connection therewith as he may deem necessary, expedient, convenient or desirable, and all prior acts of the directors of the Company or any such person in connection with the Share Purchase Agreement, the Instrument of Transfer, and/or any other
document contemplated thereby or by the Share Purchase be and are hereby confirmed, approved, ratified and adopted. 
  

			
	Signed By:	 	
	
	  

	Name:	 	
	Position:	 	Director
	
	  

	Name:	 	
	Position:	 	Director

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