Document:

Summary English Translation of Loan Contract - Agricultural Bank of China

 Exhibit 10.11 
 Summary English Translation of Loan Contract dated April 14, 2010 
 Borrower: Shanghai
SIM-BCD Semiconductor Manufacturing Co., Ltd. 
 Lender: Agricultural Bank of China Limited Shanghai Xuhui Sub-branch 

This Contract is entered into by and between Borrower and Lender in accordance with relevant laws. 

Section 1 The Loan 
 1. Type of the
loan: short-term working capital loan. 
 2. Purpose of the loan: working capital needed for operations. 

3. Currency and amount: RMB 25 million. 

4. Term of loan. 
 1) Term of the loan: from
April 15, 2010 to April 14, 2011. 
 2) In case of any discrepancy between this Contract and the loan note in terms of
amount of loan, date of issuance and due date, the loan note shall prevail. The loan note is an integral part of this Contract and shall have the same force and effect as this Contract. 
 3) If the loan hereunder is issued in any foreign currency, Borrower shall repay the principal and interest of such loan in the original currency. 
 5. Interest rate. 
 The interest rate shall be 5% below the benchmark interest rate
announced by the People’s Bank of China (the “PBOC”), i.e. at 5.0445%. 
 The interest rate shall be adjusted every six
(6) months to reflect any changes of the benchmark interest rate. 
 6. Interest accrual. 

The interest on the loan hereunder shall be accrued on a quarterly basis. The interest payment day is the 20th day of the last month of every quarter. Borrower shall pay
the interest on such date. If the last installment of principal repayment does not fall on an interest payment day, the outstanding interest shall be paid together with the loan balance (daily interest=monthly interest/30). 

 Section 2 Preconditions for the Loan 
 1. Borrower shall have opened a basic deposit account with Lender. 
 2. Borrower shall have
provided relevant documents and materials and go through relevant formalities as required by Lender. 
 3. If the loan hereunder is issued in a
foreign currency, Borrower shall have completed the approval, registration and other legal procedures in connection with such loan in accordance with relevant regulations. 
 4. If there is any mortgage or pledge as security for the loan hereunder, relevant registration and/or insurance and other legal procedures have been completed as required by Lender, and such security and
insurance remain effective. If the loan hereunder is guaranteed, the guarantee contract shall have been executed and become effective. 

Section 3 Lender’s Rights and Obligations 
 1. Lender has the right to obtain information on Borrower’s operations, financial activities, inventory, use of the loan, etc., and request Borrower to provide documents, materials and information
such as financial statements. 
 2. Lender may suspend drawing-down of the loan or recover the loan before maturity if Borrower has any acts and
circumstances including but not limited to those stated in Sections 4.7, 4.8 and 4.10 hereof which are serious enough to affect the security of the loan. 
 3. Lender may directly deduct from any of Borrower’s accounts the principal, interest, penalty interest, compound interest, and other amounts payable by Borrower. 

4. If the repayment made by Borrower is not sufficient to pay the amount payable hereunder, Lender may elect to apply such repayment to the principal,
interest, penalty interest, compound interest or fees. 
 5. If Borrower fails to perform its repayment obligation, Lender may disclose
Borrower’s breach publicly. 
 6. Lender shall issue the loan in accordance with the amount and timing agreed hereunder. 

Section 4 Borrower’s Rights and Obligations 
 1. Borrower has the right to obtain and use the loan as agreed hereunder. 
 2. Borrower shall
handle all settlement and deposit transactions relating to the loan hereunder through the account opened pursuant to Section 2 hereof. 

  
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 3. If the loan hereunder is issued in a foreign currency, Borrower shall complete the approval, registration
and other legal procedures in connection with such loan in accordance with relevant regulations. 
 4. Borrower shall repay the principal and
interest of the loan on time. If Borrower needs to extend the loan term, it shall send Lender a written application within 15 days prior to the expiration of the loan. With Lender’s consent, a loan extension agreement shall be entered into.

 5. Borrower shall use the loan for the purpose agreed hereunder and shall not misappropriate or misuse the loan. 

6. Borrower shall provide Lender with truthful, complete and valid financial statements or other related materials and information on a monthly basis,
and actively cooperate with Lender’s inspection of its operations, financial activities and use of the loan hereunder. 
 7. Borrower shall
send Lender a prior written notice of and obtain Lender’s consent to any of its following acts: contracting, leasing, reorganization, affiliation, merger, acquisition, split, joint venturing, asset transfer, petition for suspension of business
for rectification, petition for dissolution, petition for bankruptcy and any other acts which are sufficient to give rise to any change in the debtor-creditor relationship hereunder or affect Lender’s exercise of its creditor’s right, and
either confirm its repayment obligation or repay the balance in full before it carries out such acts. 
 8. Under any circumstances other than
those specified in the preceding paragraph which may have a material adverse impact on Borrower’s performance of its repayment obligation hereunder such as suspension of production, close of business, deregistration, revocation of business
license, legal representative or principal’s engaging in illegal activities, involving in material lawsuits or arbitrations, serious difficulties in production or operations, and deterioration in financial conditions, Borrower shall immediately
send Lender a written notice of such circumstances and take measures acceptable to Lender to protect the creditor’s right. 
 9. If
Borrower provides guarantee for any person’s debt or mortgage or pledge its main assets to a third person, which may affect its ability to repay the loan hereunder, it shall give Lender prior written notice and obtain Lender’s prior
consent. 
 10. Neither Borrower nor its investors shall withdraw funds, transfer the assets or shares without permission to avoid repayment.

 11. If Borrower changes its name, legal representative, domicile, or business scope, Borrower shall notify Lender in writing promptly.

 12. If the guarantor for the loan hereunder loses the ability to guarantee the loan in part or in whole because of suspension of production,
close of business, cancellation of registration, revocation of business license, bankruptcy or operating losses, or the value of the pledged property or right as security for the loan is reduced, Borrower shall promptly provide substitute security
acceptable to Lender. 

  
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 13. Borrower shall bear all the following costs relating to this Contract or the security hereunder: legal
services, insurance, transportation, appraisal, registration, safekeeping, notarization, etc. 
 Section 5 Early Repayment

 Borrower shall obtain Lender’s consent to any early repayment. If such consent is obtained, the rate of interest on any such
repayment for the actual loan period shall be 20% higher than the interest rate applied hereunder. 
 Section 6 Liability for
Breach 
 1. If Lender fails to issue the loan to Borrower in accordance with the amount and timing agreed hereunder and causes any losses to
Borrower, Lender shall pay liquidated damages to Borrower. The liquidated damages shall be the same as the interest on an overdue loan of the same term. 
 2. If Borrower fails to repay the principal of the loan at maturity as agreed hereunder, Lender will charge Borrower a penalty interest at a rate 50% higher than the interest rate applied to the
loan hereunder (the “Overdue Interest Rate”) from the date of maturity until the principal and interest of the loan are fully repaid. For any loan in RMB, in the event that the benchmark interest rate for RMB loans of the same term is
adjusted higher by the PBOC during the overdue period, the penalty interest rate shall be adjusted higher accordingly from the date of such adjustment of benchmark rate. 
 3. If Borrower fails to use the loan for the purpose agreed upon hereunder, Lender will charge Borrower a penalty interest on any misused portion of the loan at a rate 100% higher than the interest
rate applied hereunder from the date of such misuse until the principal and interest of the loan are fully repaid. During such period, with respect to any loan in RMB, in the event that the benchmark interest rate for RMB loans of the same term is
adjusted higher by the PBOC during the overdue period, the penalty interest rate shall be adjusted higher accordingly from the date of such adjustment of benchmark rate. 
 4. For any overdue interest, Lender will charge compound interest pursuant to PBOC’s regulations. Such overdue interest includes interest payable accrued during the loan term (including penalty
interest for misused loans) and interest payable accrued in the overdue period (including penalty interest for overdue loans and penalty interest for misused loans). For overdue interest accrued during the loan term, the compounded interest is
computed using the loan interest rate during the loan period and Overdue Interest Rate after the maturity date; for overdue interest accrued after the loan matures, the compound interest is computed using the Overdue Interest Rate. 

5. If Borrower breaches any of its obligations hereunder, Lender shall have the right to request Borrower to cure such breach within a specified period,
to suspend issuance of loan, to recover any issued loan, to declare due and payable any other loans between Borrower and Lender, or to take any other measures to protect its assets. 
 6. If any guarantor for the loan hereunder fails to perform its obligations agreed under the guarantee contract, Lender shall have the right to suspend issuance of the loan, accelerate the maturity of the
loan or take any other measures to protect its assets. 

  
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 7. If Borrower’s breach causes Lender to enforce its creditor’s right through a lawsuit or
arbitration, all the attorney’s fees, travel expenses, and any other fees incurred by Lender to enforce its creditor’s right shall be borne by Borrower. 
 Section 7 Guarantee for Loan 
 The guarantee of maximum amount shall apply to
the loan hereunder. A guarantee contract shall be entered into separately. The number of such guarantee contract is 31905201000000047. 

Section 8 Dispute Resolution 
 Any
dispute arising in the performance of this Contract may be solved by the parties either by negotiation or by litigation at a court at the place where Lender is located. 
 During the litigation, the provisions other than those in dispute shall continue to be performed. 

Section 9 Miscellaneous 
 In the
event that the benchmark interest rate for RMB loans is adjusted by the PBOC prior to the issuance of the loan, the interest rate applied hereunder shall be determined based on the adjusted benchmark interest rate from the effective date of such
adjustment of benchmark rate. 
 Section 10 Effectiveness 
 This Contract shall come into effect on the date when it is signed or sealed by both Borrower and Lender. 
 Section 11 Counterparts 
 This Contract is executed in four counterparts with each
party retaining one counterpart. All counterparts shall have the same force and effect. 
 Section 12 Note 

Lender has asked Borrower to have a full and accurate understanding of the printed clauses of this Contract, and has made relevant explanations at
Borrower’s request. The Parties hereto have reached an agreement on the meaning of this Contract. 
  

			
	Borrower (Seal)	  	Lender (Seal)
		
	Legal Representative	  	Legal Representative
		
	Or Authorized Agent	  	Or Authorized Agent

  
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	Date Signed: April 14, 2010
	
	Place Signed: 30 Tiaoyaoqiao Road, Shanghai

  
 -6-Summary English Translation of Guarantee Agreement

 Exhibit 10.12 
 Summary English Translation of the 
 Maximum Amount Guarantee Agreement

 Agricultural Bank of China 
 Contract No.: 31905201000000047 
 Creditor: 

    Agricultural Bank of China Shanghai Xuhui Sub-branch 
 Guarantor: 
     Shanghai SIMIC Electronics Co., Ltd. 

Date: 
     March 24,
2010 
 WHEREAS, Guarantor agrees to provide guarantee of maximum amount (the “Guarantee”) for the indebtedness under a series of
business contracts (“Main Agreements”) entered into by and between Shanghai SIM-BCD Semiconductor Manufacturing Co., Ltd. (“Debtor”) and Creditor in accordance with Section 1 hereof. 

NOW THEREFORE, the parties enter into this Agreement in accordance with the relevant laws and regulations of China. 

Section I. Guaranteed Obligations and Maximum Guarantee Amount 
 1. Guarantor agrees to guarantee Debtor’s obligations towards Creditor incurred from March 27, 2010 to March 26, 2011 (the “Debt Period”) up to RMB 60,000,000 (the “Maximum
Guarantee Amount”). Obligations denominated in foreign currencies shall be converted at the selling rates on the dates of the transactions. The types of obligations thus guaranteed are: RMB/foreign currency loan, commercial draft discount,
acceptance of bank draft, issuance of letter of credit without or with reduced deposit, export financing, import financing, export packing finance and bank guarantee. 

 2. The type, amount, interest rate and term of each obligation guaranteed hereunder shall be determined
based on relevant legal instruments or certificates. 
 3. Subject to the Debt Period and the Maximum Guarantee Amount, no other Guarantee
procedures will be necessary when Creditor provides Debtor with loans and other credit facilities as specified in this Agreement. 
 4. Subject
to the Debt Period and the Maximum Guarantee Amount, Guarantor shall guarantee each obligation of Debtor towards Creditor in its original currency, regardless of what that may be. 
 Section II. Scope of Guarantee 
 The Guarantee applies to the principal, interest, penalty
interest, compound interest, liquidated damages, damages and litigation (arbitration) expenses, attorney fees and any other costs incurred by Creditor in enforcing its rights. Guarantor agrees to guarantee any amount exceeding the Maximum Guarantee
Amount as a result of exchange rate fluctuation. 
 Section III. Form of the Guarantee 

The Guarantee is joint and several. If there is more than one guarantor under this Agreement, the guarantors are jointly and severally liable. 

Section IV. Guarantee Period 
 1.
Guarantor’s Guarantee period for any obligation ends two years after the maturity date of such obligation. 
 2. The Guarantee period for
acceptance of bank draft, issuance of letters of credit without or with reduced deposit and bank guarantee ends two years after Creditor makes payment under such facilities. 
 3. The Guarantee period for commercial draft discount ends two years after the maturity date of such discounted commercial draft. 
 4. If Creditor and Debtor agree to extend the maturity date of a guaranteed obligation set forth in a Main Agreement, the Guarantee period for that obligation is extended to two years after the new
maturity date of that obligation. 
 5. If the maturity of a guaranteed obligation set forth in a Main Agreement is accelerated by Creditor as
required by laws, regulations or the Main Agreement, the Guarantee period ends two years after the new accelerated maturity date. 
 Section
V. Guarantor’s Representations and Covenants 
 1. Guarantor has obtained the authority required for the Guarantee hereunder in
accordance with relevant regulations and procedures. 

  
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 2. Guarantor shall provide Creditor with true, complete and valid financial statements, charter documents
and other related data and information as required. Guarantor shall also accept Creditor’s supervision and inspection of Guarantor’s manufacturing, operation and financial condition. 

3. If Debtor defaults on its obligations, Guarantor agrees to perform its guarantee obligation. 
 4. If Guarantor fails to perform its guarantee obligation, Creditor has the right to directly debit the relevant amount from any of Guarantor’s accounts with Creditor. 

5. Guarantor shall inform Creditor in writing immediately upon occurrence of any of the following circumstances relating to Guarantor: 

1) Change in name, residence, legal representative, and contact information; 
 2) Change in affiliation relationships, senior management, charter documents, and organizational structure; 
 3) Deterioration in financial conditions, serious difficulties in production and operations, or any material litigations and arbitrations; 
 4) Suspension of business, close of business for rectification, or a petition filed for bankruptcy or reorganization; 
 5) Cancellation of registration, revoking of business license, order to close down and other reasons for dissolution; 
 6) Any other events adverse to Creditor’s interest. 
 6. Guarantor shall give Creditor 15
days’ prior written notice and obtain Creditor’s written consent before it engages in any of the following activities: 
 1)
Capitalization restructuring or operating system change, including, but not limited to, contracting, lease, shareholding reform, affiliating, merge, acquisition, split-off, establishment of joint venture, capital decrease, transfer of assets,
application for suspension of business for restructuring, application for settlement, and application for bankruptcy; or 
 2) Providing
guarantee for a third party or mortgaging or pledging its assets in favor of itself or a third party, which may affect Guarantor’s ability to perform under this Agreement. 
 Section VI. Determination of Guaranteed Obligations 
 Under any of the following
circumstances, the obligations with Maximum Guarantee Amount hereunder shall be ascertained: 
 1. Maturity of Debt Period. “Maturity of
Debt Period” shall mean the maturity of Debt Period as set forth in Section I, and the circumstance under which Creditor declares accelerated maturity of Debt Period in accordance with the laws and regulations or the provisions herein. If
Debtor breaches any 

  
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obligations under the Main Agreements or Guarantor breaches any obligations hereunder, Creditor shall have the right to declare accelerated maturity of Debt Period. 

2. No new obligations will be incurred. 
 3.
Debtor or Guarantor is declared bankrupt or closed. 
 4. Other circumstances relating to determination of obligations under the law.

 Section VII. Performance of Guarantee Obligation 
 1. Under any of the following circumstances, Creditor shall have the right to require Guarantor to perform its guarantee obligation. If the amount paid by Guarantor is not sufficient to repay the
obligations guaranteed hereunder, Creditor may elect to use such amount to recover the principal, interest, penalty interest, compound interest or fees. 
 1) The obligations under any Main Agreement are not discharged upon maturity of such obligations. “Maturity” means the maturity of obligations as agreed under such Main Agreement and the
circumstances under which Creditor declares accelerated maturity of obligations in accordance with the laws and regulations or the provisions under such Main Agreement; 
 2) A petition for bankruptcy against Debtor or Guarantor is filed in a court or a ruling of settlement is made against Debtor or Guarantor by a court; 

3) Debtor or Guarantor’s business license is cancelled or revoked, is ordered to close down or has other reasons for dissolution; 

4) Debtor or Guarantor is dead, declared missing, or pronounced dead; 
 5) Guarantor breaches its obligations hereunder; or 
 6) Any other events materially adverse to
Creditor’s interest. 
 2. If Debtor provides both real guarantee and Guarantor’s guarantee for the obligations guaranteed hereunder,
Creditor shall have the right to require Guarantor to perform the guarantee obligation first. 
 3. If Debtor provides real guarantee and
Creditor waives, transfers or changes such security interest, Guarantor agrees to continue to be jointly and severally liable for the obligations under Main Agreements in accordance with the provisions hereof. “Such security interest”
means the security interest created as a result of Debtor’s provision of real guarantee for the obligations under Main Agreements. 

Section VIII. Breach 
 1. Upon
effectiveness of this Agreement, if Creditor fails to perform the obligations agreed hereunder and causes losses to Guarantor, Creditor shall be liable for relevant damages. 

  
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 2. Under any of the following circumstances, Guarantor shall pay Creditor liquidated damages equivalent to
20% of the Maximum Guarantee Amount; if Creditor incurs any losses, Guarantor shall also indemnify Creditor in full; 
 1) Guarantor
fails to obtain legal and valid authority required for the Guarantee; 
 2) Guarantor fails to provide true, complete and valid financial
statements, charter documents and other related data and information as required; 
 3) Guarantor fails to inform Creditor promptly of any of
the circumstances set forth in Section V.5 hereof; 
 4) Guarantor fails to obtain Creditor’s consent before engaging in any of the
activities set forth in Section V.6 hereof; or 
 5) Any other events in violation of this Agreement or adverse to Creditor’s interest.

 Section IX. Dispute Resolution 
 Any disputes under this Agreement may be solved by negotiation or litigation in a court in Creditor’s location. 
 During the period of litigation, the non-disputable provisions of this Agreement shall continue to be performed. 
 Section X. Miscellaneous 
 1. Guarantor shall keep itself informed of Debtor’s
operation status, its incurrence of indebtedness as specified in this Agreement and performance of obligations as referred to in this Agreement. The Main Agreements relating to various obligations, relevant legal instruments or certificates will no
longer be delivered to Guarantor. 
 2. If the sum of all obligations as provided in Section II exceeds the Maximum Guarantee Amount, Guarantor
shall remain jointly and severally liable for all such obligations. 
 Section XI. Effectiveness 

This Agreement becomes effective upon the parties’ signing or affixing their seals. 
 This Agreement shall be executed in three (3) counterparts with each party retaining one (1) counterpart. All counterparts shall have the same force and effect. 

Section XII Reminder 
 Creditor has
reminded Guarantor to fully and accurately understand the provisions in this Agreement, and has provided explanations at Guarantor’s request. All parties to this Agreement have agreed upon the meaning therein. 

  
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	Creditor (Seal)	  	Guarantor (Seal)
		
	Principal	  	Legal Representative
		
	Or Authorized Agent	  	Or Authorized Agent
		
	Guarantor (Seal)	  	Guarantor (Seal)
		
	Legal Representative	  	Legal Representative
		
	Or Authorized Agent	  	Or Authorized Agent

  

	
	Date Signed: March 24, 2010
	
	Place Signed: 30 Tiaoyaoqiao Road, Shanghai

  

 
 Debtor represents that it has received the Maximum
Amount Guarantee Agreement and has no objection to any provisions therein. 
  

	
	Debtor (Seal)
	
	Legal Representative
	
	Or Authorized Agent

 Date Received:
April 16, 2010 

  
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