Document:

EX-10.10

DATE: May 6, 1998 

TO: Universal Battery Corporation 

FROM: Stan Battat 

ATT: Randy T. Hardin 

PAGES: 1 

CUSTOMER NON DISCLOSURE AND SUPPLY AGREEMENT 

THIS AGREEMENT IS MADE THIS 6TH DAY OF MAY, 1998 BY AND BETWEEN STAN BATTAT D/B/A IMPORT CONSULTANTS OF TRUMBULL CONNECTICUT (“IMPORT”) AND UNIVERSAL BATTERY
CORPORATION OF DALLAS, TEXAS. 

WHEREAS IMPORT HAS VAST EXPERIENCE LOCATING FACTORIES AND OTHER BUSINESSES THAT SELL PRODUCTS/SERVICES THE TYPE OF WHICH UNIVERSAL IS IN THE MARKET TO PURCHASE; AND WHEREAS UNIVERSAL IS PREPARED TO PAY IMPORT A COMMISSION FEE ON
ALL PURCHASES IT MAY HEREAFTER MAKE FROM ANY SUPPLIER TO WHOM IT IS INTRODUCED BY IMPORT; 

NOW THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS AND OTHER VALUABLE CONSIDERATIONS, THE SUFFICIENCY AND RECEIPT OF WHICH IS HEREBY MUTUALLY ACKNOWLEDGED, THE PARTIES HEREBY AGREE THAT: 

(1) UNIVERSAL SHALL PAY A COMMISSION FEE TO IMPORT OF 6.00% (SIX PERCENT) OF FACTORY NET INVOICE AMOUNTS ON ANY AND ALL PURCHASES IT MAY HEREAFTER MAKE AND WHICH GOODS ARE RECEIVED BY IT FROM ANY AND ALL SUPPLIER(S) TO WHOM IT IS
INTRODUCED BY IMPORT (FEE TO BE PAID) 

(2) UNIVERSAL AGREES THAT ONCE IT IS INTRODUCED TO A SUPPLIER(S) BY IMPORT IT MAY NOT MAKE ANY PURCHASES FROM [SIC] SUCH SUPPLIER WITHOUT PAYING IMPORT ITS FEE NOR APPROACH SUCH SUPPLIER FOR PURPOSES OF PLACING ANY ORDERS AND
AGREES TO CONTEMPORANEOUSLY PROVIDE IMPORT WITH A COPY OF SUCH ORDER. 

(3) IMPORT HEREBY ACKNOWLEDGES THAT NOTHING CONTAINED HEREIN SHALL PREVENT UNIVERSAL FROM MAKING ANY PURCHASES FROM OTHER SUPPLIERS NOT INTRODUCED TO THEM BY IMPORT AND ON SUCH PURCHASES NO COMMISSION SHALL BE DUE IMPORT.

Page 1 

(4) ALL FEES AND COMMISSIONS DUE TO IMPORT HEREUNDER SHALL BE BASED ON ALL MERCHANDISE ACTUALLY RECEIVED BY UNIVERSAL AND SHALL BE PAID TO IMPORT WITHIN FIFTEEN (15) DAYS OF THE RECEIPT OF MERCHANDISE; ALL OF WHICH SHALL BE IN
CONFORMITY WITH UNIVERSAL PURCHASE ORDERS. 

	/s/ RANDY T. HARDIN	/s/ STAN BATTAT
	
	 	
	 
	
RANDY T. HARDIN, 
		
STAN BATTAT D/B/A 
	
	
UNIVERSAL BATTERY CORPORATION 
		
IMPORT CONSULTANTS 
	

FACTORIES TO BE INTRODUCED (OTHERS MAY BE ADDED LATER BY MUTUAL WRITTEN AGREEMENT: 

CGB, HENDA POWER (BATTERIES) 

YUSHENG (SIRENS) 

E-HWA (TRANSFORMERS) 

Page 2Exhibit 10.11(a) 

UNSECURED PROMISSORY NOTE

	
      $2,850,000.00 
      
	 
		
Dallas, Texas 
		 
		
_____________
, 2006 	

FOR VALUE RECEIVED, the undersigned, UNIVERSAL POWER GROUP, INC., a Texas corporation (“Maker”), promises to pay to the order of ZUNICOM, INC., a Texas corporation (“Payee”),
on or before _________
, 2012 (the “Maturity Date”), the principal sum of TWO MILLION EIGHT HUNDRED
FIFTY THOUSAND AND NO/100 DOLLARS ($2,850,000.00), with interest thereon from this date on the unpaid principal amount hereof from time to time outstanding at the rate of interest
provided below, both principal and interest payable as provided below in lawful money of the United States of America at the address of Payee set forth below or at such other place within Dallas County, Texas, as from time to time may be designated
by the holder of this Unsecured Promissory Note (the “Note”). 

The unpaid principal of this Note from time to time
outstanding shall bear interest prior to maturity at the rate of interest equal
to 6.00% per annum. Interest shall be payable quarterly in arrears on the unpaid
principal balance of this Note outstanding from time to time beginning ___________ __, 2007.

Maker shall be entitled  to prepay the principal of the Note from time to time. 

The original
  principal amount of this Note shall be payable in sixteen (16) equal quarterly
  installments of ONE HUNDRED SEVENTY EIGHT THOUSAND, ONE HUNDRED TWENTY FIVE
  and 00/100 DOLLARS ($178,125.00) beginning _______ __, 2008 [21 months
  from the date of this Note] (each such date on which a payment is
  due, a “Payment Date”). 

Notwithstanding the foregoing, the entire unpaid principal balance of this Note and all accrued and unpaid interest thereon shall become immediately due and payable upon the earliest to occur of the following events: 

	          	
(i)      		
if Maker shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall
otherwise be appointed; or	
	 
	 	
(ii)      		
bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings for relief under any bankruptcy law or any law for the relief of	
	 

 

	          	    	debtors shall be instituted by or against Maker and
    if instituted is not dismissed within sixty (60) days; or
	 
	 	
(iii)           	
Maker shall fail to make any payment, whether interest,
principal or a combination of the two, when due and such failure continues for
ten (10) days without being cured.

All principal and interest under this Note that remains in arrears five (5) or more consecutive days after their respective due dates shall thereafter bear interest at the rate of interest per annum equal to ten percent (10%) (the
“Default Rate”). 

Maker waives presentment for payment, demand, notice of demand and of dishonor and nonpayment of this Note, notice of intention to accelerate the maturity of this Note, notice of acceleration, protest and notice of protest.

Should the indebtedness represented by this Note or any part thereof be collected at law or in equity or through any bankruptcy, receivership, probate or other court proceedings or if this Note is placed in the hands of attorneys
for collection after default, Maker and all endorsers, guarantors and sureties of this Note jointly and severally agree to pay to the holder of this Note in addition to the principal and interest due and payable hereon all the costs and expenses of
the holder in enforcing this Note including, without limitation, reasonable attorneys’ fees and legal expenses. 

This Note and the rights, duties and liabilities of the parties hereunder or arising from or relating in any way to the indebtedness evidenced by this Note or the transaction of which such indebtedness is a part shall be governed
by and construed in accordance with the law of the State of Texas and the law of the United States applicable to transactions within such State. 

No amendment of this Note shall be binding unless expressed in a writing executed by Maker and the holder of this Note. 

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

2

MAKER IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY TEXAS OR FEDERAL COURT SITTING IN DALLAS COUNTY, TEXAS OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, AND MAKER
HEREBY AGREES AND CONSENTS THAT, IN ADDITION TO ANY METHODS OF SERVICE OF PROCESS PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING IN ANY TEXAS OR FEDERAL COURT SITTING IN DALLAS COUNTY, TEXAS MAY BE
MADE BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO MAKER AT THE ADDRESS INDICATED BELOW, AND SERVICE SO MADE SHALL BE COMPLETE FIVE DAYS AFTER THE SAME SHALL HAVE BEEN SO MAILED. 

Dated effective as of this the ____ day of __________ , 2006. 

	
Maker’s Address: 
		 
		
MAKER: 
	
	 

	
	
1720 Hayden Drive 
		 
		
UNIVERSAL POWER GROUP, INC., a 
	
	
Carrollton, Texas 75006 
		 
		
  Texas corporation 
	
	 

	
	 

		 
		
By: 
		    

	 

		 
		
Name: 
		     

	 

		 
		
Title: 
		     

	 

	
	
Maker’s Address: 
		 
		
MAKER: 
	
	 

	
	
1720 Hayden Drive 
		 
		
UNIVERSAL POWER GROUP, INC., a 
	
	
Carrollton, Texas 75006 
		 
		
  Texas corporation 
	
	 

	
	 

		 
		
By: 
		    

	 

		 
		
Name: 
		    

	 

		 
		
Title: 
		     

	 

	
	
Payee’s Address: 
		 
		 

	
	 

	
	
ZUNICOM, INC. 
		 
		 

	
	
1720 Hayden Drive 
		 
		 

	
	
Carrollton, Texas 75006 
		 
		 

	
	
Attn: William Tan 
		 
		 

	

3Exhibit 10.11(b) 

UNSECURED PROMISSORY NOTE 

	
      $____________
    	 
		
Dallas, Texas 
		 
		
_____________
, 2006 	

FOR VALUE RECEIVED, the undersigned, UNIVERSAL POWER GROUP, INC., a Texas
corporation (“Maker”), promises to pay to the order of ZUNICOM, INC., a Texas corporation
(“Payee”), on or before _________ , 2012 (the “Maturity
Date”), the principal sum of ____ MILLION AND
NO/100 DOLLARS ($__,000,000.00) , with
interest thereon from this date on the unpaid principal amount hereof from time
to time outstanding at the rate of interest provided below, both principal and
interest payable as provided below in lawful money of the United States of
America at the address of Payee set forth below or at such other place within
Dallas County, Texas, as from time to time may be designated by the holder of
this Unsecured Promissory Note (the “Note”). 

The unpaid principal of this Note from time to time
outstanding shall bear interest prior to maturity at the rate of interest equal
to 6.00% per annum. Interest shall be payable quarterly in arrears on the unpaid
principal balance of this Note outstanding from time to time beginning ___________ __, 2007.

Maker shall be entitled, and in certain instances may be
required, to prepay the principal of the Note from time to time. Except as
otherwise set forth herein, the original principal amount of this Note shall be
payable in sixteen (16) equal quarterly installments of ____________
00/100 DOLLARS
($__________) beginning _______ __, 2008 [21
months from the date of this Note] (each such date on which a payment is due, a
“Payment Date”). Notwithstanding the prior sentence, in the event the
underwriters of Maker’s initial public offering exercise their
over-allotment option, in whole or in part, the net proceeds to Maker from the
sale of the shares of its common stock covered by such option (after taking into
account any discounts or commissions payable to the underwriters) shall
be payable to Payee and applied against the original principal amount of this
Note. Any remaining balance shall be payable in sixteen equal quarterly
installments as set forth above. 

Notwithstanding the foregoing, the entire unpaid principal balance of this Note and all accrued and unpaid interest thereon shall be immediately due an payable upon the earliest to occur of the following events: 

	          	
(i)      		
if Maker shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall
otherwise be appointed; or	
	 
	 	
(ii)      		
bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings for relief under any bankruptcy law or any law for the relief of	
	 

 

	          	    	debtors shall be instituted by or against Maker and
    if instituted is not dismissed within sixty (60) days; or
	 
	 	
(iii)           	
Maker shall fail to make any payment, whether interest,
principal or a combination of the two, when due and such failure continues for
ten (10) days without being cured.

All principal and interest under this Note that remains
    in arrears five (5) or more consecutive days after their respective due dates
    shall thereafter bear interest at the rate of interest per annum equal to
ten percent (10%) (the “Default Rate”). 

Maker waives presentment for payment, demand, notice of demand and of dishonor and nonpayment of this Note, notice of intention to accelerate the maturity of this Note, notice of acceleration, protest and notice of protest.

Should the indebtedness represented by this Note or any part thereof be collected at law or in equity or through any bankruptcy, receivership, probate or other court proceedings or if this Note is placed in the hands of attorneys
for collection after default, Maker and all endorsers, guarantors and sureties of this Note jointly and severally agree to pay to the holder of this Note in addition to the principal and interest due and payable hereon all the costs and expenses of
the holder in enforcing this Note including, without limitation, reasonable attorneys’ fees and legal expenses. 

This Note and the rights, duties and liabilities of the parties hereunder or arising from or relating in any way to the indebtedness evidenced by this Note or the transaction of which such indebtedness is a part shall be governed
by and construed in accordance with the law of the State of Texas and the law of the United States applicable to transactions within such State. 

No amendment of this Note shall be binding unless expressed in a writing executed by Maker and the holder of this Note. 

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

2

MAKER IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY TEXAS OR FEDERAL COURT SITTING IN DALLAS COUNTY, TEXAS OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, AND MAKER
HEREBY AGREES AND CONSENTS THAT, IN ADDITION TO ANY METHODS OF SERVICE OF PROCESS PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING IN ANY TEXAS OR FEDERAL COURT SITTING IN DALLAS COUNTY, TEXAS MAY BE
MADE BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO MAKER AT THE ADDRESS INDICATED BELOW, AND SERVICE SO MADE SHALL BE COMPLETE FIVE DAYS AFTER THE SAME SHALL HAVE BEEN SO MAILED. 

Dated effective as of this the ____ day of __________
, 2006. 

	
Maker’s Address: 
		 
		
MAKER: 
	
	 

	
	
1720 Hayden Drive 
		 
		
UNIVERSAL POWER GROUP, INC., a 
	
	
Carrollton, Texas 75006 
		 
		
  Texas corporation 
	
	 

	
	 

		 
		
By: 
		    

	 

		 
		
Name: 
		    

	 

		 
		
Title: 
		   

	 

	
	
Maker’s Address: 
		 
		
MAKER: 
	
	 

	
	
1720 Hayden Drive 
		 
		
UNIVERSAL POWER GROUP, INC., a 
	
	
Carrollton, Texas 75006 
		 
		
  Texas corporation 
	
	 

	
	 

		 
		
By: 
		  

	 

		 
		
Name: 
		  

	 

		 
		
Title: 
		  

	 

	
	
Payee’s Address: 
		 
		 

	
	 

	
	
ZUNICOM, INC. 
		 
		 

	
	
1720 Hayden Drive 
		 
		 

	
	
Carrollton, Texas 75006 
		 
		 

	
	
Attn: William Tan 
		 
		 

	

3

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