Document:

exv10w56

 

EXHIBIT 10.56

VOLUME INCENTIVE AGREEMENT

between

Taiwan Kolin Company Limited

and

Syntax Groups Corporation

	1	 	PARTIES

This Agreement (“Agreement”) is made and entered into, by and between Taiwan Kolin Company Limited,
incorporated in Taiwan, whose registered office is at 11/F No. 86, Section 1, Chung Ching South
Road, Taipei, Taiwan (the “Manufacturer”), and Syntax Groups Corporation, incorporated in the State
of California, the United States of America, whose registered office is at 20480 East Business
Parkway, City of Industry, CA91789, U.S.A. (“Syntax”).

	2	 	RECITALS

WHEREAS, Syntax designs various consumer electronic-related Products (as hereafter defined) for
manufacture and distribution under and in connection with the trademarks and trade name, inter
alia, ÖLEVIA; and

WHEREAS, Manufacturer is a designer and manufacturer of Liquid Crystal Display (LCD) and Liquid
Crystal On Silicon (LCOS) televisions and has in place the necessary facilities, permits, licenses
and financing to satisfy Syntax’s requirements for such LCD and LCOS Products.

Pursuant to the Manufacturing Agreement dated March 9, 2004, Syntax has appointed the Manufacturer
to manufacture the products in the consumer electronic field, which includes but not limited to the
LCD/ LCOS TV product line. Currently, the Manufacturer is manufacturing 20”, 27” and 30” LCD TVs
for Syntax and shall expand the product line to other sizes of LCD TV and LCOS TV from time to time
agreed by both parties (the “Products”).

The Manufacturer wishes to offer a volume incentive program to Syntax and Syntax wishes to agree
the program to promote the sales of the Products.

NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Agreement, the
receipt and sufficiency of which are hereto hereby agree as follows:

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	3	 	VOLUME INCENTIVE PROGRAM
	 
	3.1	 	The Manufacturer agrees that in the event that (i) the monthly shipment of any one of the
models of the Products from the Manufacturer to Syntax exceeds 3,000 units, the Manufacturer
shall provide a 1.5% per invoice discount by the end of that quarter; (ii) the monthly
shipment of any one of the models of the Products from the Manufacturer to Syntax exceeds
6,000 units, the Manufacturer shall provide a 2% per invoice discount by the end of that
quarter; or (iii) the monthly shipment of any one of the models of the Products from the
Manufacturer to Syntax exceeds 10,000 units, the Manufacturer shall provide a 2.75% per
invoice discount by the end of that quarter.
	 
	3.2	 	Syntax shall prepare a quarterly shipment report to specify the shipment of the Products
covering the last three months and the total invoice discount amount under Volume Incentive
Program, and submit the report to the Manufacturer for verification and confirmation.
	 
	3.3	 	Upon confirmation of the total invoice discount amount under Volume Incentive Program agreed
by both parties, the Manufacturer shall settle the total discount amount at the beginning of
the following quarter by issuing a credit memorandum which shall be applied to off-set the
total outstanding account payable owed to the Manufacturer by Syntax.
	 
	4	 	EXECUTION
	 
	4.1	 	Upon execution of this Agreement:
	 
	4.1.1	 	This Agreement will be in full force from March 9, 2004 with continued executions till the
end of business relationship between the Manufacturer and Syntax with 90 days advance notice
by either party.
	 
	4.1.2	 	Such other and further documents as may be reasonably required to cause and effect the
transaction contemplated by this Agreement.
	 
	5	 	ACCESS OF INFORMATION

The directors, officers, shareholders, employees, agents and representatives (“Representatives”) of
Syntax shall grant the Manufacturer and its

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Representatives full access to Syntax’s properties, inventory on hand, facilities, books and
records, financial and operating data, contracts and other documents or information as the
Manufacturer or its Representatives may reasonably request.

	6	 	WARRANTIES OF SYNTAX
	 
	6.1	 	Syntax hereby warrants and represents to the Manufacturing that Syntax is a corporation duly
organized, validly existing and in good standing under the laws of the State of California,
the U.S.A.
	 
	6.2	 	There is no litigation, suit, proceeding, action, claim or investigation, at law or in
equity, pending, or to the best knowledge of Syntax, threatened against, or affecting in any
way, Syntax’s ability to perform its obligations as contemplated by this Agreement.
	 
	6.3	 	In the event that any warranty or representation contained herein above is deemed
unenforceable under the laws of any jurisdiction, the remaining warranties and representations
to the extent they are enforceable shall remain in full force and effect, and the Manufacturer
and Syntax hereby agree that a court or arbitrator may cause these warranties and
representations concerning disclosure of confidential and sensitive business information to
the reasonable extent possible given the express intentions and agreements of the Manufacturer
and Syntax to have such warranties and representations construed and enforced.
	 
	7	 	WARRANTIES OF THE MANUFACTURER
	 
	7.1	 	The Manufacturer hereby warrants and represents to Syntax that the Manufacturer is a
corporation duly organized, validly and in good standing under the laws of Taiwan.
	 
	7.2	 	The Manufacturer hereby warrants that the Manufacturer has all requisite power and authority
to execute and perform its obligations under this Agreement and consummate the transactions
contemplated hereby.
	 
	7.3	 	There is no litigation, suit, proceeding, action, claim or investigation, at law or in
equity, pending, or to the best knowledge of the Manufacturer, threatened against, or
affecting in any way, the Manufacturer’s ability to perform its obligations as contemplated by
this Agreement.

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IN WITNESS WHEREOF, the Parties have executed this Agreement as of dates indicated herein below.

	 	 	 	 	 
	Taiwan Kolin Company Limited	 	 
	 
	 	 	 	 
	Name:

	 	Roger Kao	 	 
	 

	 	Vice President	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ Roger Kao
 

	 	 
	 
	 	 	 	 
	Date:

	 	03/09/04	 	 
	 
	 	 	 	 
	Syntax Groups Corporation	 	 
	 
	 	 	 	 
	Name:

	 	James Li	 	 
	 

	 	Chief Executive Officer	 	 
	 
	 	 	 	 
	Signed:

	 	/s/ James Li	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:

	 	3/9/2004	 	 

Page 4 of 4exv10w57

 

EXHIBIT 10.57

kolin

TAIWAN KOLIN CO., LTD

10FL,86,SEC,1 CHUNG CHING S.RD.

TAIPEI ,TAIWAN

June 16, 2005

Mr. James Li

Chief Executive Officer

Syntax Groups Corporation

20480 E. Business Parkway

City of Industry, CA 91789

Dear Mr. Li,

This letter is to confirm the following:

	 	1.	 	Shipment terms between Taiwan Kolin, Co., LTD (“Kolin”) and Syntax Groups
Corporation (“Syntax”) are DDP Syntax Warehouse(s), which means Delivered Duty Paid to
Syntax’s warehouse(s) from the beginning invoice.
	 
	 	2.	 	Because the shipment terms are DDP, Kolin is liable for all duty payments.
	 
	 	3.	 	To expedite delivery to Syntax, Kolin has requested and Syntax has agreed to
pay the duties on behalf of Kolin.
	 
	 	4.	 	Kolin agrees to allow Syntax to offset the duty payments made by Syntax on
Kolin’s behalf against Syntax’s account payable balance with Kolin.
	 
	 	5.	 	Syntax will provide a summary of duty payments made on Kolin’s behalf on a
monthly basis.

Sincerely,

	 	 	 
	/s/ Roger Kao
 

Roger Kao

	 	 
	Taiwan Kolin Co., LTD
	 	 

 

 

kolin

June 20, 2005

Mr. James Li

Chief Executive Officer

Syntax Groups Corporation

20480 East Business Parkway

City of Industry, CA91789

Dear Mr. Li,

ADDENDUM TO OUR LETTER DATED JUNE 16, 2005

This is the addendum to our letter dated June 16, 2005 to confirm our responsibility to indemnify
all and any previous, current, pending and future litigations and claims in connection with duties
levied by the U.S. Customs.

Yours sincerely,

For and on behalf of

Taiwan Kolin Company Limited

	 	 	 
	/s/ Roger Kao
 

Roger Kao

	 	 
	Vice
Presidentexv10w58

 

[***] = CONFIDENTIAL PORTIONS OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

EXHIBIT 10.58

WARRANTY AND REPAIR

SERVICES AGREEMENT

	1	 	PARTIES

This Agreement (“Agreement”) is made and entered into as of this 1st of April, 2004 , by
and between Taiwan Kolin Company Limited, incorporated in Taiwan, whose registered office is at
11/F No. 86, Section 1, Chung Ching South Road, Taipei, Taiwan (the “Manufacturer”), and Syntax
Groups Corporation, incorporated in the State of California, the United States of America, whose
registered office is at 20480 East Business Parkway, City of Industry, CA 91789, U.S.A.
(“Syntax”).

	2	 	RECITALS

WHEREAS, Syntax designs various consumer electronic-related Products (as hereafter defined) for
manufacture and distribution under and in connection with the trademarks and trade name, inter
alia, ÖLEVIA; and

WHEREAS, Manufacturer is a designer and manufacturer of Liquid Crystal Display (LCD) and Liquid
Crystal On Silicon (LCOS) televisions and has in place the necessary facilities, permits, licenses
and financing to satisfy Syntax’s requirements for such LCD and LCOS Products.

Pursuant to the Manufacturing Agreement dated March 9, 2004, Syntax has contracted the Manufacturer
to manufacture the products in the consumer electronic field, which includes but not limited to the
LCD/ LCOS TV product line. Currently, the Manufacturer is manufacturing 20”, 27”, 30”, 32” and 37”
LCD TVs for Syntax and shall expand the product line to other sizes of LCD TV and LCOS TV from time
to time agreed by both parties (the “Products”).

Following the execution of the Manufacturing Agreement and the launch of the Products in the
marketplace, Syntax has been providing warranty and repair services (the “Services”) to the
end-users of the Products. To support the Services, the Manufacturer wishes to offer Syntax a
warranty and repair allowance (the “Allowance”) for sharing the cost of the Services provided.

Page 1 of 5

 

[***] = CONFIDENTIAL PORTIONS OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Agreement, the
receipt and sufficiency of which are hereto hereby agree as follows:

	3	 	PROGRAM
	 
	3.1	 	The Manufacturer agrees to pay the Allowance to Syntax, the calculation is based on each
monthly shipment of the Products at following Allowance per unit shipped:

	 	 	 
	TV Products	 	Allowance per unit
	20” LCD TV

	 	[***]
	26”, 27”, 30” LCD TV

	 	[***]
	32”, 37” LCD TV

	 	[***]
	42”, 47” LCD TV

	 	[***]
	55” LCD TV & 50”, 65” LCOS TV

	 	[***]

	3.2	 	Syntax shall prepare a monthly shipment report to specify the shipment of the Products
covering the last month period and the total amount of the Allowance, and submit the report to
the Manufacturer for verification and confirmation.
	 
	3.3	 	Upon confirmation of the Allowance agreed by both parties, the Manufacturer shall settle the
Allowance at the beginning of the following monthly by issuing a credit memorandum which shall
be applied to off-set the total outstanding account payable owed to the Manufacturer by
Syntax.
	 
	4	 	EXECUTION
	 
	4.1	 	Upon execution of this Agreement:
	 
	4.1.1	 	This Agreement will be in full force from the date hereof with continued executions till the
end of business relationship between the Manufacturer and Syntax with 90 days advance notice
by either party.
	 
	4.1.2	 	Such other and further documents as may be reasonably required to cause and effect the
transaction contemplated by this Agreement.

Page 2 of 5

 

[***] = CONFIDENTIAL PORTIONS OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

	5	 	ACCESS OF INFORMATION

The directors, officers, shareholders, employees, agents and representatives (“Representatives”) of
Syntax shall grant the Manufacturer and its Representatives full access to Syntax’s properties,
inventory on hand, facilities, books and records, financial and operating data, contracts and other
documents or information as the Manufacturer or its Representatives may reasonably request.

	6	 	WARRANTIES OF SYNTAX
	 
	6.1	 	Syntax hereby warrants and represents to the Manufacturing that Syntax is a corporation duly
organized, validly existing and in good standing under the laws of the State of California,
the U.S.A.
	 
	6.2	 	There is no litigation, suit, proceeding, action, claim or investigation, at law or in
equity, pending, or to the best knowledge of Syntax, threatened against, or affecting in any
way, Syntax’s ability to perform its obligations as contemplated by this Agreement.
	 
	7	 	WARRANTIES OF THE MANUFACTURER
	 
	7.1	 	The Manufacturer hereby warrants and represents to Syntax that the Manufacturer is a
corporation duly organized, validly and in good standing under the laws of Taiwan.
	 
	7.2	 	There is no litigation, suit, proceeding, action, claim or investigation, at law or in
equity, pending, or to the best knowledge of the Manufacturer, threatened against, or
affecting in any way, the Manufacturer’s ability to perform its obligations as contemplated by
this Agreement.
	 
	8	 	MISCELLANEOUS
	 
	8.1	 	Amendment of Modification. The Provisions of this Agreement may be waived, altered, amended,
or repealed, in whole or in part, only by written consent of all Parties to this Agreement.

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[***] = CONFIDENTIAL PORTIONS OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

	8.2	 	Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the
Parties to it and their respective heirs, representatives, successors and assigns. None of
the Parties hereto shall assign any of its rights or obligations hereunder except with the
express written consent of the other Parties hereto.
	 
	8.3	 	Invalidity. It is intended that each paragraph, provision and word of this Agreement shall
be viewed a separate and divisible, and in the event that any paragraph, provision or word
shall be held to be invalid, the remaining paragraphs, provisions or words shall continue to
be in full force and effect, giving such effect to the deleted paragraphs, provisions, words
as may be required to properly interpret the remaining Agreement.
	 
	8.4	 	Descriptive Headings. Descriptive headings contained herein are for convenience only and
shall not control or affect the meaning or construction of any provision of this Agreement.
	 
	8.5	 	Notice. Any and all notices, consents, requests, demands, instructions, approvals or other
communications of this Agreement shall be in writing and shall be deemed duly given on the
date of service personally on the Party to whom the notice is given, or within seven (7) days
after mailing, if mailed to the Party to whom notice is to be given, by first class mail,
registered or certified, postage prepaid and properly addressed to the Party by an address
that the Party may have designated; if sent by facsimile, followed by first class mail, upon
receipt of the facsimile; and if sent by electronic mail when the communication is first
stored in the other party’s electronic mailbox.
	 
	8.6	 	Choice of Law. This Agreement shall be construed in accordance with and governed by the laws
of the State of California.
	 
	8.7	 	Execution of Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and same
instrument.
	 
	8.8	 	Attorneys’ Fees. In the event of legal proceedings or arbitration is instituted to enforce,
interpret or for the breach of any of the terms of this Agreement, the prevailing Party shall
be entitled to his, her or its reasonable attorneys’ fees.
	 
	8.9	 	Survival of Warranties, Obligations, Promises and Representations. Any warranty, obligation,
promise or representation of any Party to this

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[***] = CONFIDENTIAL PORTIONS OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

	 	 	Agreement shall survive the closing of this Agreement. This section shall be binding upon
and shall inure to the benefit of the Parties to this Agreement and their respective heirs,
representatives, successors and assigns.
	 
	8.10	 	Alternatives Dispute Resolution. If any dispute arises relating to this Agreement, the
Parties will attempt in good faith to settle it through mediation conducted by a mediator to
be mutually selected. The Parties will share the costs to the mediator equally. If the
dispute is not resolved within 30 days after it is referred to a mediator, any Party may file
a lawsuit to enforce this Agreement.
	 
	8.11	 	Independent Counsel. Each Party to this Agreement hereby acknowledges that they have been
advised of their right to seek independent legal and/or other counsel regarding the
advisability of entering into this Agreement or consenting to any of the terms contained
herein, and have actually sought such independent advice and counsel or knowingly waived the
right to seek the same.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of dates indicated herein above.

	 	 	 
	Taiwan Kolin Company Limited
	 
	 	 
	Name:

	 	Roger Kao

Vice President
	 
	 	 
	Signed:

	 	/s/ Roger Kao
	 

	 	04/01/04
	 
	 	 
	Syntax Groups Corporation
	 
	 	 
	Name:

	 	James Li
	 

	 	Chief Executive Officer
	 
	 	 
	Signed:

	 	/s/ James Li
	 

	 	4/1/2004

Page 5 of 5

 

[***] = CONFIDENTIAL PORTIONS OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION

Amendment

Starting January I, 2006, additional model sizes of LCD TV will be added in the current product
line, Due the high raise of warranty service and repair cost, the allowance for some size models
will be increased. The Schedule of the Warranty Service Repair Allowance indicated on 3.1 is
amended as following:

	 	 	 
	TV Products	 	Allowance per unit
	20” LCD TV

	 	[***]
	23” LCD TV

	 	[***]
	26”, 27” & 30” LCD TV

	 	[***]
	32”, 37” LCD TV

	 	[***]
	40” LCD TV

	 	[***]
	42” LCD TV

	 	[***]
	47”, 57” LCD TV

	 	[***]
	50”, 65” LCoS TV

	 	[***]

	 	 	 	 	 
	Acknowledged and Agreed by	 	 
	 
	 	 	 	 
	/s/ Roger Kao
 

Manufacturer

	 	Dec. 28, 05
 

Date
	 	 
	 
	 	 	 	 
	Accepted by
	 	 	 	 
	 
	 	 	 	 
	/s/ James Li
 

Syntax-Brillian

	 	12.27.2005
 

Date

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