Document:

English Translation of
Chinese Language Document

    
      

    

    
      

    

     [English
translations for reference only]

    Exhibit
10.27

    

    Investment
Agreement of Guanke Guangdian Technology Park

    

    This
contract is entered into by and between Government of Jinjiang City (“Jinjiang
Government”) and Guanke (Fujian) Electron Technological Industry Co Ltd
(“Guanke”) on March 31, 2006 for the investment of Guanke Guangdian Technology
Park.

    

    The two
parties agree on the terms and obligations stipulated as follows,

    

    Guanke is
to invest for the development of Guanke Guangdian Technology Park for the ten
years starting from July 7, 2006.

    Guanke
agrees to invest at least US$50 million to develop Guanke Technology Park on the
premises.

    Guanke
has the right to use a 418 mu (approximately 278,668
square meters) property, which consists of one

    parcel of
50 mu in Houjunkeng and another of 368
mu in Luoshan Houlin according to
following terms:

    

    
      	
               
      

            	
              (i)

            	
              The
      unit price for the land use right was RMB153,900 per mu subject to certain
      adjustment;

            

    

    
      	
               
      

            	
              (ii)

            	
              Within
      ten years from March 31, 2006, Guanke shall not transfer, assign, lease or
      change the nature of the land use right from industrial use to any other
      purposes; however, Guanke has the right to incur mortgage upon the
      land;

            

    

    
      	
               
      

            	
              (iii)

            	
              Guanke
      is eligible for all the preferential policies promulgated by the People’s
      Government of Jinjiang City during the term of this investment agreement.
      This agreement could be amended or supplemented by mutual consent of both
      parties.

            

    

    

    This
agreement is to be governed by the laws of the People’s  Republic of
China.

    

    By and
between

    

    
      	
              Government
      of Jinjiang City, Fujian

            	
              Guanke
      (Fujian) Electron Technological Industry Co
LtdUnassociated Document

    Exhibit 10.16

     

    SPONSOR
AGREEMENT

     

    THIS SPONSOR AGREEMENT (the
“Agreement”) is
made as of February 12, 2010, by and among Sun Zone Investments Limited, a
company organized under the laws of the British Virgin Islands (“Sun Zone”), and Sze
Kit Ting (collectively with Sun Zone, the “Sellers”) and certain
holders of securities of Hambrecht Asia Acquisition Corp., a Cayman Islands
company (the “Company”), who
execute a counterpart signature page hereto (each a “Sponsor” and collectively,
the “Sponsors”).  Capitalized
terms not otherwise defined in this Agreement have the same meaning as such
capitalized terms have in the Exchange Agreement (as defined
below).

     

    The
Sellers have entered into a share exchange agreement (the “Exchange Agreement”)
with Honesty Group Holdings Limited (“Honesty Group”) and
the Company pursuant to which the Sellers agreed to sell the Company all of
their outstanding interests in Honesty Group.  In connection with
entering into the Exchange Agreement, and as a condition to the execution by
Sellers of the Exchange Agreement, the Sellers have requested that the Sponsors
enter into this Agreement.

     

    Certain
of the Sponsors, consisting of John Wang, Robert J. Eu, Cannon Family
Irrevocable Trust, AEX Enterprises Limited, W.R. Hambrecht + Co., LLC, Hambrecht
1980 Revocable Trust, Shea Ventures LLC, and Marbella Capital Partners Ltd (the
“Initial
Sponsors”) have entered into a Securities Escrow Agreement (the “IPO Escrow
Agreement”), dated as of March 7, 2008, with Continental Stock Transfer
& Trust Company, as escrow agent (the “IPO Escrow Agent”),
pursuant to which the Initial Sponsors have deposited in escrow their HMAUF
Shares to be held for a period of one year following the Closing of the
transactions contemplated by the Exchange Agreement or another Business
Combination as described in the IPO Escrow Agreement.

     

    NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement hereby agree as
follows:

     

    I. Earn-Out.

     

    A. Each
Sponsor agrees that the number of HMAUF Shares owned by such Sponsor and set
forth opposite such Sponsor’s name in the column captioned “Earn-Out Shares” on
Exhibit A (the “Earn-Out Shares”)
shall be forfeited and cancelled unless the First Earn-Out Milestone is met or
the Second Earn-Out Milestone is met.  Each Sponsor agrees to enter
into the Escrow Agreement with the Escrow Agent, the Sellers and the Company
simultaneously with the Closing.

     

    B. At the
Closing, each Sponsor whose HMAUF Shares are not held by the IPO Escrow Agent
shall transfer and deliver to the Escrow Agent under the Escrow Agreement such
Sponsor’s Earn-Out Shares.  At the Closing, each Sponsor whose HMAUF
Shares are held by the IPO Escrow Agent shall deliver irrevocable instructions
to the IPO Escrow Agent to deliver to the Escrow Agent such Sponsor’s Earn-Out
Shares at the time such Earn-Out Shares would otherwise be delivered to such
Sponsor under the IPO Escrow Agreement.  At the Closing, each Sponsor
shall deliver to the Escrow Agent all stock powers, assignments and related
documents as may be necessary to effect the transfer to the Company and
cancellation of such Sponsor’s Earn-Out Shares.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    C. If the
First Earn-Out Milestone is met, each Sponsor shall be entitled to receive such
Sponsor’s Earn-Out Shares on the First Earn-Out Milestone Date.  If
the First Earn-Out Milestone is not met but the Second Earn-Out Milestone is
met, each Sponsor shall be entitled to receive such Sponsor’s Earn-Out Shares on
the Second Earn-Out Milestone Date.  If neither the First Earn-Out
Milestone nor the Second Earn-Out Milestone is met, all of the Earn-Out Shares
shall be forfeited to the Company and cancelled.  The Earn-Out Shares
shall be released to the Sponsors or the Company at the times and in the manner
provided in the Escrow Agreement.

     

    II. Forfeited
Shares.  Each Sponsor agrees that the number of HMAUF Shares
owned by such Sponsor and set forth opposite such Sponsor’s name in the column
captioned “Forfeited Shares” on Exhibit A (the “Forfeited Shares”)
shall be forfeited and cancelled effective as of the Closing.  At the
Closing, each Sponsor whose HMAUF Shares are not held by the IPO Escrow Agent
shall transfer and deliver to the Company such Sponsor’s Forfeited
Shares.  Each Sponsor whose HMAUF Shares are held by the IPO Escrow
Agent shall deliver irrevocable instructions to the IPO Escrow Agent to deliver
to the Company such Sponsor’s Forfeited Shares at the time such Forfeited Shares
would otherwise be delivered to such Sponsor under the IPO Escrow
Agreement.  At the Closing, each Sponsor shall deliver to the Company
all stock powers, assignments and related documents as may be necessary to
effect the transfer to the Company and cancellation of such Sponsor’s Forfeited
Shares.

     

    III.
Lock
Up.

     

    A. Each Sponsor agrees to not offer, sell,
contract to sell, pledge or otherwise dispose of or enter into any transaction
which is designed to, or might reasonably be expected to result in the
disposition (whether by actual disposition or effective economic
disposition due to cash settlement or otherwise), directly or indirectly, of or
establish or increase a put equivalent position or liquidate or decrease a call
equivalent position within the meaning of Section 16 of the Exchange Act and the
rules and regulations of the SEC promulgated thereunder with respect to (collectively, a “Disposition”) any HMAUF Shares owned by such
Sponsor on the date hereof for a period commencing on the date hereof and ending
on the second anniversary of the Closing Date, inclusive, without the prior
written consent of the Company; provided,
however, that the Sponsor
may transfer: (1) any HMAUF Shares to any partner, sponsor or member of the
Sponsor if, prior to such transfer, such partner, sponsor or member agrees in
writing to be bound by the restrictions set forth herein; (2) any HMAUF Shares
to any controlled affiliate of the Sponsor if, prior to such transfer, such
affiliate agrees in writing to be bound by the restrictions set forth herein,
(3) any HMAUF Shares for estate planning purposes if, prior to such transfer,
the person receiving such Shares agrees in writing to be bound by the
restrictions set forth herein, or (4) two-thirds of the HMAUF Shares owned by
such Sponsor on the date hereof on or after the one-year anniversary of the
Closing Date, and further
provided, that the
one-third of the HMAUF Shares owned by such Sponsor that are subject to the
escrows provided for in the IPO Escrow Agreement or the Escrow Agreement shall
not be Disposed of by such Sponsor so long as such HMAUF Shares are subject to
such escrows.

     

    
      
        
        

      

      
        - 2
-

        
          

        

      

      
        
        

      

    

     

    B. Each Sponsor hereby consents to the
Company issuing a stop transfer instruction to the transfer agent in accordance
with the terms of this Agreement. Any sale of HMAUF Shares in violation of this
Agreement by a Sponsor without the consent of the Company and Sellers shall
constitute a material breach of this Agreement by such
Sponsor.

     

    C. Each Sponsor acknowledges that its
breach or impending violation of any of the provisions of this Section III may
cause irreparable damage to the Company and Sellers for which remedies at law
would be inadequate. Each Sponsor further acknowledges and agrees that the
provisions set forth herein are essential terms and conditions of this Agreement
and that the Company or Sellers may seek to enforce this Agreement by, in
addition to any rights or remedies provided under any other agreement, obtaining
a decree or order from any court of competent jurisdiction to enjoin such
impending or actual violation of any of such provisions. Such decree or order,
to the extent appropriate, shall specifically enforce the full performance of
any such provision by the Sponsors. This remedy shall be in addition to all
other remedies available to the Company or Sellers at law or equity.

     

    IV. Consent to Warrant
Amendment.  Each Sponsor that owns Sponsor Warrants agrees to
consent to the Warrant Amendment.

     

    V. Notices. All notices
and other communications provided for herein shall be in writing and shall be
deemed to have been duly given, delivered and received if delivered personally,
if sent by facsimile, registered or certified mail (return receipt requested)
postage prepaid, or by courier guaranteeing next day delivery, in each case to
the party to whom it is directed at the addresses indicated on the signature
pages hereto (or at such other address for any party as shall be specified by
notice given in accordance with the provisions hereof, provided that notices of
a change of address shall be effective only upon receipt thereof). Notices
delivered personally shall be effective on the day so delivered, notices sent by
registered or certified mail shall be effective five days after mailing, notices
sent by facsimile shall be effective when the sender receives a receipt
acknowledging delivery, and notices sent by courier guaranteeing next day
delivery shall be effective on the earlier of the second Business Day after
timely delivery to the courier or the day of actual delivery by the
courier.

     

    VI. Amendment and
Waiver.  Except as otherwise provided herein, no modification,
amendment or waiver of any provision of this Agreement shall be effective
against the Company, Sellers or the Sponsors unless such modification, amendment
or waiver is signed by each of the parties hereto.  The failure of any
party to enforce any of the provisions of this Agreement shall in no way be
construed as a waiver of such provisions and shall not affect the right of such
party thereafter to enforce each and every provision of this Agreement in
accordance with its terms.

     

    VII.
Severability.  Whenever
possible, each provision of this Agreement shall be interpreted in such manner
as to be effective and valid under applicable law, but if any provision of this
Agreement is held to be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Agreement.

     

    
      
        
        

      

      
        - 3
-

        
          

        

      

      
        
        

      

    

     

    VIII.
Entire
Agreement.  Except as otherwise expressly set forth herein,
this document and the Escrow Agreement embody the complete agreement and
understanding among the parties hereto with respect to the subject matter hereof
and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way.

     

    IX. Successors and
Assigns.  Except as otherwise expressly provided herein, this
Agreement shall bind and inure to the benefit of and be enforceable by the
Company, Sellers and their respective successors and assigns and the Sponsors
and any subsequent holders of HMAUF Shares and the respective successors and
assigns of each of them.

     

    X. Counterparts.  This
Agreement may be executed simultaneously in two or more counterparts, any one of
which need not contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same
Agreement.

     

    XI. Governing
Law.  This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of New York, without giving
effect to any conflict of laws provision or rule (whether of the State of New
York or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of New York.

     

    XII.
Descriptive
Headings.  The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this
Agreement.

     

    
      
        
        

      

      
        - 4
-

        
          

        

      

      
        
        

      

    

     

    SIGNATURE
PAGE TO

     

    SPONSOR
AGREEMENT

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and
year first above written.

     

    
      	HAMBRECHT
      ASIA ACQUISITION CORP.
	 	 
	 	 
	By:	
              /s/
      Robet Eu

            	 
      
	Name:
      Robert Eu	 
      
	Title:
      Chairman	 
      
	Address:
      13/F Tower 2	 
      
	
              New
      World tower 

              18
      Queens Road Central

            
	Hong
      Kong	 
      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SIGNATURE
PAGE TO

     

    SPONSOR
AGREEMENT

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and
year first above written.

     

    
      	SUN
      ZONE INVESTMENTS LIMITED
	 	 	 
	 	 	 
	By:	
              /s/
      Or Tin
      Man                                

            	 
      
	
              Name:
      Tin Man Or 

              Title:  Owner

            	 
      
	 	 
	 	 
	Address:	 
      
	
              c/o
      Guanke (Fujian) Electron 

              Technological
      Industry Co. Ltd. 

              SGOCO
      Technology Park 

              Loushan,
      Jinjiang City 

              Fujian,
      China 32200 

              Attn:  Burnette
      Or, President

            
	 	 
      	 
      
	 	 
      	 
      
	/s/
      Ting Sze Kit	 
      
	SZE
      KIT TING	 
      
	 	 
	 	 
	Address:	 
      
	
              Room
      2101, 21/F., Block B 

              Healthy
      Gardens, No. 560 King’s Road 

              North
      Point, Hong Kong

            	 
      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SIGNATURE
PAGE TO

     

    SPONSOR
AGREEMENT

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and
year first above written.

     

    
      	 
      	 	 	 
      	 
	
              /s/
      Robert Eu

            	 	 	
              /s/
      W.R. Hambrecht

            	 
	Robert
      Eu 

              Address

              1356
      Greenwich Street

              San
      Francisco, CA 94109 USA

            	 	Name:
      W.R. Hambrecht + Co, LLC 

              Title:

              c/o
      Jonathan Fayman, Pier 1, Bay 3

              San
      Francisco, CA 94111 USA

            
	 	 	 	 	 
	
              /s/
      John
      Wang                                

            	 	 	
              /s/
      W.R. Hambrecht

            	 
	John
      Wang 

              Loft
      2-305, 283 West Jianguo Road

              XuHiu
      District, Shanghai 200031

            	 	Hambrecht
      1980 Revocable Trust 

              c/o
      Anna Schweizer, Pier 1, Bay 3

              San
      Francisco, CA 94111 USA

            
	 	 	 	 	 
	
              /s/
      Stephen N. Cannon

            	 	 	
              /s/
      Edward H. Shea

            	 
	Cannon
      Family Irrevocable Trust 

              2538
      Hayward Drive

              Burlingame,
      CA 94010 USA

            	 	Shea
      Ventures LLC 

              P.O.
      Box 489, 655 Brea Canyon Road

              Walnut

            
	 	 	 
	
              /s/
      Robert Eu

            	 	 	
              /s/
      John Wang

            	 
	AEX
      Enterprises Limited 

              Rm
      802, AIA Tower, 183 Electric Road

              North
      Point, Hong Kong

            	 	Marbella
      Capital Partners Ltd. 

              Loft
      2-305, 283 West Jianguo Road

              XuHui
      District, Shanghai 200031

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      EXHIBIT
A

       

      Sponsor
Affiliates & Beneficiaries

      
        	
                PRESENT

              	 	 	
                Total
      Sponsor 

                Shares
      after 

                Forfeit

              	 	 	
                Lock-up

                Post
      Combination

              	 	 	
                Earnout
      Escrow

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Beneficiaries

              	 	
                Share

                Ownership

              	 	 	 	 	 	
                Total
      Sponsor 

                Shares

              	 	 	
                New
      Initial Share Ownership

              	 	 	
                Earnout
      Ownership

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Robert
      Eu

              	 	 	173,275	 	 	 	16.3	%	 	 	152,881	 	 	 	50,961	 	 	 	101,920	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Total
      WRH + Co.

              	 	 	178,275	 	 	 	16.8	%	 	 	157293	 	 	 	104,862	 	 	 	52,431	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Hambrecht
      Revocable Trust

              	 	 	88,333	 	 	 	8.3	%	 	 	77,937	 	 	 	51,958	 	 	 	25,979	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                AEX
      Enterprises Limited

              	 	 	88,333	 	 	 	8.3	%	 	 	77,937	 	 	 	51958	 	 	 	25,979	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                John
      Wang

              	 	 	230,000	 	 	 	21.7	%	 	 	202,930	 	 	 	135,287	 	 	 	67,643	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Marbella
      Capital Partners Ltd.

              	 	 	40,000	 	 	 	3.8	%	 	 	35,292	 	 	 	23,528	 	 	 	11,764	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Steve
      Cannon

              	 	 	173,275	 	 	 	16.3	%	 	 	152,881	 	 	 	152,881	 	 	 	–	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Shea
      Ventures LLC

              	 	 	88,333	 	 	 	8.3	%	 	 	77,937	 	 	 	51,958	 	 	 	25,979	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                TOTALS

              	 	 	1,059,825	 	 	 	100.0	%	 	 	935,089	 	 	 	623,393	 	 	 	311,696	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
A

      

      
        	
                Sponsor
      Name

              	 	
                Original
      

                Escrow
      Shares

              	 	 	
                Earn-Out
      

                Shares

              	 	 	
                Forfeited
      

                Shares

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                John
      Wang

              	 	 	230,000	 	 	 	67,643	 	 	 	27,070	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Robert
      Eu

              	 	 	173,275	 	 	 	50,960	 	 	 	20,394	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Cannon
      Family Irrevocable Trust

              	 	 	173,275	 	 	 	50,960	 	 	 	20,394	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                AEX
      Enterprises Limited

              	 	 	88,333	 	 	 	25,979	 	 	 	10,396	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                WR
      Hambrecht + Co., LLC

              	 	 	178,275	 	 	 	52,431	 	 	 	20,982	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Hambrecht
      1980 Revocable Trust

              	 	 	88,333	 	 	 	25,979	 	 	 	10,396	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Shea
      Ventures LLC

              	 	 	88,333	 	 	 	25,979	 	 	 	10,396	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Marbella
      Capital Partners Ltd.

              	 	 	40,000	 	 	 	11,764	 	 	 	20,394	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                TOTAL

              	 	 	1,059,875	 	 	 	311696	 	 	 	124,736

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