Document:

Exhibit 10.13

ENGLISH TRANSLATION

 

Notice of Approval of Introduced Project

 

(96) No. 416 Shenzhen
Bao’an Foreign Investment

 

According to the provisions
related to the introduced project approval authority of the municipal government, we hereby agree to approve the agreement (contract)
signed by Shenzhen Broadway Processing Factory and Hong Kong Broadway Industrial Co., Ltd for the business of processing and assembling
phone case, TV case, plastics and rubber hardware accessories with supplied materials.

 

Bao’an Economic Development Board in
Shenzhen

December 20, 1996

 

(Seal of Bao’an Economic Development
Board in Shenzhen)

 

To: Customs, Bank of China and business
agent

 

    	 

    	 

    

 

Agreement

 

(1996) 247 No. 101 Shenzhen Bao’an
Agreement

 

Party A: Shenzhen Broadway Processing Factory

Party B: Hong Kong Broadway Industrial
Co., Ltd

Business Agent: Shenzhen Bao’an Foreign
Economic Development Corporation

 

Under the premise to
comply with the relevant laws and regulations of the People’s Republic of China, both parties reach the agreement about the
business of processing and assembling phone case, TV case, plastics and rubber hardware accessories with supplied materials through
full consultation on the basis of equality and mutual benefit. Both parties agree to abide by the following terms and conditions:

		Article 1	Responsibilities of Both Parties

Responsibilities of Party A:

		1.	Party A shall provide the factory with the area of 1,500m2 and 100-150 manufacturing
workers. During the term of the agreement, Party A shall produce and process the above-mentioned products on behalf of Party B.
The processed products shall be returned to Party B, which is responsible for the delivery to Hong Kong or other countries.

		2.	Party A shall provide the existing power and water equipment for the purpose of processing and
production. In case of installing new power and water facilities, the facilities cost and installation fee shall be borne by Party
B.

		3.	Party A shall assist Party B in handling with the import and export formalities for the business
with processing with supplied materials.

		4.	Party A shall appoint factory manager, financial accounting and warehouse keeper in charge of the
factory’s management and finance.

Responsibilities of Party B:

		1.	Party B shall provide the equipment required for processing and producing the above-mentioned products
(for details, see the list) without consideration. The equipment shall be delivered to the Party A’s factory by installments.
The total value of equipment is HK$14,000,000. The property right of the equipment shall be owned by Party B. If Party B does not
continue to process upon the expiration of the term of the agreement, all mechanical equipment shall be refundable to Hong Kong
or other countries.

		2.	Party B shall provide all raw materials, auxiliary materials and packaging materials required for
processing and producing the above-mentioned products, without consideration. The quantity and specification shall be stipulated
in the specific production contract.

		3.	If any worker employed by Party A is incompetent and fails to accept the advice, Party B has the
right to propose Party A the suggestion for replacing the worker. However, Party B shall not be allowed to dismiss the worker without
permission.

 

    	 

    	 

    

 

		4.	Party B shall provide mechanical equipment, raw materials, auxiliary materials and packaging materials
without setting price. The regulatory fee shall be borne by Party B.

 

		Article 2	Number of Processing

Party B shall process
500-ton products with supplied materials in the first year and the processing fee paid to Party A shall be approximately HK$600,000.
From the second year, the number of processing required by Party B shall increase on the basis of previous year. The specific quantity
and specification shall be stipulated in the production contract.

 

		Article 3	Principles for Processing Calculation and Processing Fee

		1.	The trial production (training) period shall be three months. During trial production period, the
processing fee paid to worker shall be temporarily determined as HK$600/person every month. (On average, each worker shall work
8 hours per day and 25.5 working days per month.) Party B must obtain the permission of Party A if Party B determines to work overtime.
For the processing fee paid to worker for overtime work, additional allowance shall be paid in addition to normal processing fee.

		2.	Upon the expiration of trial production period, the wage shall be calculated by pieces. In the
principle of mutual benefit, Party A and Party B shall give different prices based on the processing varieties, specifications,
style and technology complexity, which shall be stipulated in the contract for processing and producing each batch of products
(to guarantee the reasonable income of workers, the processing fee shall not less than HK$650/person every month. If the processing
fee is less than HK$650, Party B shall pay the processing fee to the Party A’s worker based on this amount. With the increase
in the price index, the processing fee paid to worker shall be correspondingly adjusted once every two years.).

		3.	The charges for power and water consumed in Party A’s factory for the purpose of production
shall be borne by Party B.

		4.	Party A provides the factory and production site, whole Party B shall remit the monthly fixed processing
fee HK$18,000 to Party A by settlement of exchange through Bank of China. With the increase in the price index, the fixed processing
fee shall be correspondingly adjusted once every two years.

		5.	The processing fee paid by Party B shall not be directly paid to the workers in RMB in any way.
Party B shall remit such processing fee to Party A by settlement of exchange through XXXX Branch of Bank XXXX of Shenzhen (bank
account          ), While Party A shall handle in accordance with the relevant
state regulations.

 

		Article 4	Defect Rate

		1.	The product defect occurring in trial production period shall be reimbursed for actual expenses.

		2.	Upon the expiration of trail production period, the product defect rate shall be agreed by both
parties and specified in the production contract.

 

    	 

    	 

    

 

		Article 5	Supplied Materials and Delivery Period

		1.	Party B shall ensure to provide raw materials, auxiliary materials and packaging materials in the
sufficient quantity based on the processing volume specified in the agreement. In order to make Party A’s factory in normal
production, Party B must transport all required raw materials, auxiliary materials and packaging materials to Party A’s factory
within seven days before the production of each batch of products. If Party B fails to provide sufficient materials due to the
reason beyond force majeure, resulting in Party A’s factory produce less than 25 days per month, Party B shall provide the
life subsidy HK$12 to each worker per day by calculation on the basis of the number of downtime days and the number of worker on
duty. Such subsidy shall be paid to Party A.

		2.	Party A’s factory shall make delivery to Party B on schedule and in appropriate quantity
and quality according to the specific delivery period agreed by the parties. If Party B fails to make delivery to Party B on schedule
and in appropriate quantity and quality due to the reason beyond force majeure, resulting in economic losses on Party B, Party
A shall be liable for the compensation, the amount of which shall be stipulated in the specific contract.

		3.	Party B shall transport the machinery, ventilation and lighting equipment, raw materials, auxiliary
materials and packaging materials to Party A’s factory, where Party A and Party B complete the delivery. After the finished
products processed in Party A’s factory shall be transported through the inspection for acceptance in Party A’s factory,
Party A shall not be liable for shortage and rework of the products. In case of requiring rework, Party B shall pay rework cost.

 

		Article 6	Payment 

The processing fee shall
be paid in full to Party A’s factory every month by D/P spot draft or cash order. Party A’s factory shall cooperate
with Shenzhen Bao’an Foreign Economic Service Co., Ltd to handle with formalities and pay to the bank account (account no.:
XXX) of Bank XXX established in Hong Kong through XXXX Branch of XXXX Bank of Shenzhen. If Party B fails to make the due payment
over 15 days, for the number of overdue days, Party B shall give the compensation to Party A by calculation based on the interest
rate issued by the bank in Hong Kong on the day. If necessary, Party A has the right to stop delivery and shipment. If Party B
fails to make settlement within 30 days, Party A has the right to suspend delivery or take other measures.

 

		Article 7	Transportation and Insurances

		1.	The freight and other expenses incurred during the machinery, equipment, raw materials, auxiliary
materials and packaging materials are transported to Party A’s factory and the processed products are transported to Party
B shall be borne by Party B.

 

    	 

    	 

    

 

		2.	Party B shall cover the insurance for imported raw materials, auxiliary materials and packaging
materials, exported finished products and machinery, equipment, raw materials, auxiliary materials and packaging materials stored
in the factory as well as factory, dormitories and labors through Bao’an Subsidiary of China People’s Insurance Company.

 

		Article 8	Technology Exchange

After Party B transports
the machinery and equipment to Party A’s factory, Party B shall appoint the qualified staff for installation as soon as possible,
while Party A shall appoint the worker to assist in the installation. Then, trial production period is started. Party B shall provide
technical personnel to give technical training for the workers in Party A’s factory until the workers master the basic production
technology and the normal production starts. The salaries and all costs incurred by the technical personnel appointed by Party
B shall be borne by Party B. Party A shall provide the conveniences for the technical personnel appointed by Party B in daily life.

 

		Article 9	Arbitration

Any dispute in connection
with the agreement incurring in the process of fulfilling the agreement shall be solved by the parties through friendly consultation.
If the parties fail to solve it through consultation, such dispute can be submitted to Shenzhen Branch of Foreign Economic and
Trade Arbitration Commission affiliated to China Council for Promotion of International Trade (CCPIT) for arbitration. The arbitration
award shall be final and binding on the parties. Arbitration cost shall be borne by the losing party.

 

		Article 10	Terms of Agreement

The agreement shall
come into force after the approval by the relevant authority and signed by both parties. The agreement is effective for ten years
from December 18, 1996 to December 17, 2006. In case of early terminating or extending the agreement, the party shall notify the
other party three months before the expiration. Both parties shall discuss about the termination or extension, which shall be approved
by the former approval authority before the implementation. If either party early terminates the agreement without the prior consent
of the other party, the party shall be liable for the compensation of the economic loss suffered on the other party. The method
of compensation shall be calculated on the basis of the average monthly processing fee of six months before the termination of
the agreement. Finally, the processing fee for two months shall be paid to the other party as the compensation.

After the expiration
of the agreement, fixed assets (such as factory and dormitories) and the machinery and equipment supplied by Party B with price
shall be owned by Party A. However, the movable assets (such as machinery, vehicles, ventilation equipment) provided by Party B
without setting prices shall be returned to Party B. The write-off processing on the movable assets shall be done in accordance
with the customs regulations and other relevant regulations.

If either party does
not perform the terms of the agreement within two months after the agreement comes into force, the other party has the right to
propose the termination of the agreement. The termination of the agreement can take effect only after the approval of the former
approval authority.

 

    	 

    	 

    

 

If Party B fails to
production for consecutive six months after the agreement comes into force and production is started, Party A has the right to
terminate the agreement. The termination of the agreement can take effect only after the approval of the former approval authority.
The economic losses suffered on Party A shall be compensated by using the machinery and equipment stored in the Party A’s
factory.

The agreement shall
be executed in six counterparts with same effect. Party A holds one, business agent holds one and Party B holds one. Several copies
of the agreement are allowed.

Any issue unmentioned
in the agreement shall be modified and supplemented by the parties through consultation at any time. Such issue shall come into
force after being approved by the former approval authority.

 

Party A: Shenzhen Broadway Processing Factory

Representative: XXX

Address: XXX

Telephone: XXX

Seal: Shenzhen Broadway Processing Factory

 

Party B: Hong Kong Broadway Industrial
Co., Ltd

Representative: XXX

Address: XXX

Telephone: XXX

(Seal of Hong Kong Broadway Industrial
Co., Ltd.)

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Corporation

Representative: XXX

Address: XXX

Telephone: XXX

(Seal of Shenzhen Bao’an Foreign
Economic Development Corporation)

 

Entered in Shenzhen on December 18, 1996

 

    	 

    	 

    

 

Document Issued by Shenzhen Bao’an
Bureau of Trade & Industry

 

(2006) No. 1261 Shenzhen Bao’an Economic
Processing

 

Notice of Approval of Agreement Amendment

 

We have received the
Agreement Amendment of (2006) No. 166 Shenzhen Bao’an Amendment signed by Shenzhen Bao’an Foreign Economic Development
Co, Ltd, Shenzhen Shamin Industrial Holdings Co., Ltd, Hong Kong Broadway Industrial Co., Ltd. and Shenzhen Broadway Processing
Factory. After review, we hereby agree to change the trade name of Party B and the representative of Party B for recordation. The
Amendment Agreement is subordinate to the agreement with (1996) No. 101 Shenzhen Bao’an Agreement. Please visit to Industry
& Commerce Bureau, Tax Administration, Customs and other authorities for formalities within 30 days from the date specified
herein.

This notice is hereby
given.

 

Shenzhen Bao’an
Bureau of Trade & Industry

June 28, 2006

 

(Seal of Shenzhen Bao’an Bureau of
Trade & Industry)

 

CC: Nantou Customs, Tongle Customs, International
Balance Division of Shenzhen Branch of State Administration of Foreign Exchange, Bao’an Branch of Bank of China, Bao’an
Industry & Commerce Bureau, Bao’an Branch of State Tax Administration and Bao’an Branch of Local Tax Administration.

   (Totaling
10 copies)

 

    	 

    	 

    

 

Amendment Agreement

 

(2006) No. 166 Shenzhen Bao’an Amendment

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Party A’s Factory: Shenzhen Broadway
Processing Factory

Party B: Hong Kong Broadway Industrial
Co., Ltd

 

Organizer and Party
B signed (1996) No. 101 Shenzhen Bao’an Agreement on December 17, 1996 to establish Party A’s factory and process phone
case, TV case, plastics and rubber hardware accessories, all kinds of home appliances, electronics, toy products, plastic &
rubber hardware accessories, mold manufacturing, injection silk screen and assembly processing with supplied materials. The approval
number of the agreement is (96) No. 416 Shenzhen Bao’an Foreign Investment. The agreement is valid until December 17, 2006.
During the term of the agreement, the parties get good cooperation. Due to the change of Party B, it is agreed to make the following
changes:

		1.	Party B: change from Hong Kong Broadway Industrial Co., Ltd to Broadway Industrial Holdings Limited
(British Virgin Islands-incorporated);

		2.	Party B representative for signature: change from Manny Marimuthu to Sze To Kin Sun.

Before and after the
agreement changes, the claim and debt of Party A’s factory shall be borne by the present Party B, Broadway Industrial Holdings
Limited, from the date of the approval of Amendment Agreement. Other clauses specified in the original shall be implemented.

The Amendment Agreement
is executed in six counterparts and shall come into force since the date of signature and seal by the representatives and approval
by the competent authorities.

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Bao’an Foreign
Economic Development Corporation Co., Ltd.)

 

Party A’s Factory: Shenzhen Broadway
Processing Factory

Representative: (Signed)

(Seal of Shenzhen Broadway Processing Factory)

 

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Shamin Industrial Holdings
Co., Ltd)

 

    	 

    	 

    

 

Former Party B: Hong Kong Broadway Industrial
Co., Ltd

Former Representative: (Signed)

(Seal of Hong Kong Broadway Industrial
Co., Ltd.)

 

Present Party B: Broadway Industrial Holdings
Limited

Present Representative: (/s/Kin Sun Sze-To,
Chief Executive Officer)

(Seal of Broadway Industrial Holdings Limited)

 

June 22, 2006

 

    	 

    	 

    

 

Document Issued by Shenzhen Bao’an
Bureau of Trade & Industry

 

(2006) No. 1444 Shenzhen Bao’an Economic
Processing Modification Agreement

 

Notice of Approval of Extension Agreement

 

We have received the
Extension Agreement of (2006) No. 0224 Shenzhen Bao’an Extension signed by Shenzhen Bao’an Foreign Economic Development
Co, Ltd, Shenzhen Shamin Industrial Holdings Co., Ltd, Broadway Industrial Holdings Limited and Shenzhen Broadway Processing Factory.
The Extension Agreement is subordinate to the agreement with (1996) No. 101 Shenzhen Bao’an Agreement. The term of the Extension
Agreement is extended five years. Therefore, the Extension Agreement is valid until December 17, 2011. Please visit to Industry
& Commerce Bureau, Tax Administration, Customs and other authorities for formalities within 30 days from the date specified
herein.

This notice is hereby
given.

 

Shenzhen Bao’an
Bureau of Trade & Industry

July 21, 2006

 

(Seal of Shenzhen Bao’an Bureau of
Trade & Industry)

 

CC: Nantou Customs, Tongle Customs, International
Balance Division of Shenzhen Branch of State Administration of Foreign Exchange, Bao’an Branch of Bank of China, Bao’an
Industry & Commerce Bureau, Bao’an Branch of State Tax Administration and Bao’an Branch of Local Tax Administration.

   (Totaling
8 copies)

 

    	 

    	 

    

 

Extension Agreement

 

(2006) No. 224 Shenzhen Bao’an Extension

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Party A’s Factory: Shenzhen Broadway
Processing Factory

Party B: Broadway Industrial Holdings limited

 

Both parties signed
(1996) No. 101 Shenzhen Bao’an Agreement on December 17, 1996. The approval number of the agreement is (96) No. 416 Shenzhen
Bao’an Foreign Investment. The agreement will be expired on December 17, 2006. During the term of the agreement, the parties
get good cooperation. To further develop the production, both parties hereby agree to extend the term of the agreement five years,
until December 17, 2011. The clauses of the original agreement shall be unchanged. In addition, both parties agree to supplement
the following terms and conditions:

		1.	There are 790 production workers. The average processing fee for workers is paid and settled as
not less than HK$700/person per month

		2.	The factory area is 3,000m2. The fixed processing fee shall be settled as HK$14 per
square meter. Therefore, the fixed processing fee paid every month is HK$42,000.

		3.	The above-mentioned processing fees shall be paid to Party A through the bank designated by business
agent. With the increase in the price index, the processing fee paid to worker shall be correspondingly adjusted once every two
years.

		4.	If either party early terminates the agreement, the processing fee for two months shall be paid
to the other party as the compensation.

The Extension Agreement
is executed in six counterparts and shall come into force since the date of signature and seal by the representatives and approval
by the competent authorities.

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Bao’an Foreign
Economic Development Corporation)

 

Party A’s Factory: Shenzhen Broadway
Processing Factory

Representative: (Signed)

(Seal of Shenzhen Broadway Development
Factory)

 

    	 

    	 

    

 

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Shamin Industrial Holdings
Co., Ltd)

 

Party B: Broadway Industrial Holdings Limited

Representative: (/s/Kin Sun Sze-To, Chief
Executive Officer)

(Seal of Broadway Industrial Holdings Limited)

 

July 12, 2006

 

    	 

    	 

    

 

Document Issued by Shenzhen Bao’an
Bureau of Trade & Industry

 

(2011) No. 0054 Shenzhen Bao’an Economic
Processing Extension

 

Notice of Approval of Extension Agreement

 

We have received the
Extension Agreement of (2010) No. 0349 Shenzhen Bao’an Extension signed by Shenzhen Bao’an Foreign Economic Development
Co, Ltd, Shenzhen Shamin Industrial Holdings Co., Ltd, Broadway Industrial Holdings Limited and Shenzhen Broadway Processing Factory.
The Extension Agreement is subordinate to the agreement with (1996) No. 101 Shenzhen Bao’an Agreement. The term of the Extension
Agreement is extended to December 31, 2012. Please visit to Industry & Commerce Bureau, Tax Administration, Customs and other
authorities for formalities within 30 days from the date specified herein.

This notice is hereby
given.

 

Shenzhen Bao’an
Bureau of Trade & Industry

January 30, 2011

 

(Seal of Shenzhen Bao’an Bureau of
Trade & Industry)

 

CC: Nantou Customs, Tongle Customs, International
Balance Division of Shenzhen Branch of State Administration of Foreign Exchange, Bao’an Branch of Bank of China, Bao’an
Industry & Commerce Bureau, Bao’an Branch of State Tax Administration and Bao’an Branch of Local Tax Administration.

  (Totaling
6 copies)

 

    	 

    	 

    

 

Extension Agreement

 

(2010) No. 349 Shenzhen Bao’an Extension

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Party A’s Factory: Shenzhen Broadway
Processing Factory

Party B: Broadway Industrial Holdings limited

 

Both parties signed
(96) No. 101 Shenzhen Bao’an Agreement on December 17, 1996. The approval number of the agreement is (96) No. 416 Shenzhen
Bao’an Foreign Investment. The agreement will be expired on December 17, 2011. During the term of the agreement, the parties
get good cooperation. To further develop the production, both parties hereby agree to extend the term of the agreement until December
31, 2012. The clauses of the original agreement shall be unchanged. In addition, both parties agree to supplement the following
terms and conditions:

		5.	There are 630 production workers. The average processing fee for workers is paid and settled as
not less than HK$900/person per month

		6.	The factory area is 8,000m2. The fixed processing fee shall be settled as HK$14 per
square meter. Therefore, the fixed processing fee paid every month is HK$112,000.

		7.	The above-mentioned processing fees shall be paid to Party A through the bank designated by business
agent. With the increase in the price index, the processing fee paid to worker shall be correspondingly adjusted once every two
years.

		8.	If either party early terminates the agreement, the processing fee for two months shall be paid
to the other party as the compensation.

The Extension Agreement
is executed in six counterparts and shall come into force since the date of signature and seal by the representatives and approval
by the competent authorities.

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Bao’an Foreign
Economic Development Co., Ltd.)

 

Party A’s Factory: Shenzhen Broadway
Processing Factory

Representative: (Signed)

(Seal of Shenzhen Broadway Processing Factory)

 

    	 

    	 

    

 

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Shamin Industrial Holdings
Co., Ltd.)

 

Party B: Broadway Industrial Holdings Limited

Representative: (/s/ Chi Keung Ng, Factory
General Manager)

(Seal of Broadway Industrial Holdings Limited)

 

    	 

    	 

    

 

Document Issued by Shenzhen Bao’an
Bureau of Economic Promotion

 

(2011) No. 0267 Shenzhen Bao’an Economic
Processing Extension

 

Notice of Approval of Agreement Amendment

 

We have received the
Agreement Amendment of (2011) No. 0076 Shenzhen Bao’an Amendment signed by Shenzhen Bao’an Foreign Economic Development
Co, Ltd, Shenzhen Shamin Industrial Holdings Co., Ltd, Broadway Industrial Holdings Limited and Shenzhen Broadway Processing Factory.
After review, we hereby agree to change Party B. The Amendment Agreement is subordinate to the agreement with (1996) No. 101 Shenzhen
Bao’an Agreement. Please visit to Industry & Commerce Bureau, Tax Administration, Customs and other authorities for formalities..

 

Shenzhen Bao’an
Bureau of Economic Promotion

October 24, 2011

 

(Seal of Shenzhen Bao’an Bureau of
Economic Promotion)

 

CC: Nantou Customs, Tongle Customs, International
Balance Division of Shenzhen Branch of State Administration of Foreign Exchange, Bao’an Branch of Bank of China, Bao’an
Industry & Commerce Bureau, Bao’an Branch of State Tax Administration and Bao’an Branch of Local Tax Administration.

   (Totaling
6 copies)

 

    	 

    	 

    

 

Amendment Agreement

 

(2011) No. 76 Shenzhen Bao’an Amendment

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Party A’s Factory: Shenzhen Broadway
Processing Factory

Party B: Broadway Industrial Holdings limited

 

Organizer and Party
B signed (1996) No. 101 Shenzhen Bao’an Agreement on December 17, 1996 to establish Party A’s factory and process TV
case , phone case, plastics and rubber hardware accessories, all kinds of home appliances, electronics, toy products, plastic &
rubber hardware accessories, mold manufacturing, injection silk screen and assembly processing with supplied materials. The approval
number of the agreement is (96) No. 416 Shenzhen Bao’an Foreign Investment. The agreement is valid until December 31, 2012.
During the term of the agreement, the parties get good cooperation and it is agreed to make the following changes:

 

		1.	Party B: change from Broadway Industrial Holdings Limited to Broadway Precision Technology Limited;

 

Before and after the
agreement changes, the claim and debt of Party A’s factory shall be borne by the present Party B, Broadway Precision Technology
Limited, from the date of the approval of Amendment Agreement. Other clauses specified in the original shall be implemented.

The Amendment Agreement
is executed in six counterparts and shall come into force since the date of signature and seal by the representatives and approval
by the competent authorities.

 

Business Agent: Shenzhen Bao’an Foreign
Economic Development Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Bao’an Foreign
Economic Development Co., Ltd.)

 

Party A’s Factory: Shenzhen Broadway
Processing Factory

Representative: (Signed)

(Seal of Shenzhen Broadway Processing Factory)

 

    	 

    	 

    

 

Organizer: Shenzhen Shamin Industrial Holdings
Co., Ltd

Representative: (Signed)

(Seal of Shenzhen Shamin Industrial Holdings
Co., Ltd.)

 

Former Party B: Broadway Industrial Holdings
Limited

Former Representative: /(s/Kin Sun Sze-To,
Chief Executive Officer)

(Seal of Broadway Industrial Holdings Limited)

 

Present Party B: Broadway Precision Holdings
Limited

Present Representative: (/s/Kin Sun Sze-To,
Chief Executive Officer)

(Seal of Broadway Precision Holdings Limited)Sun Line
Industrial Limited

Unit 1, 21/F
Aitken Vanson Centre

61 Hoi Yuen
Road, Kwun Tong

Kowloon, Hong
Kong

Attention:
Mr H L Ning, Chief Financial Officer

 

Broadway
Industrial Holdings Limited

Unit 1, 21/F
Aitken Vanson Centre

61 Hoi Yuen
Road, Kwun Tong

Kowloon, Hong
Kong

Attention:
Mr H L Ning, Chief Financial Officer

 

Broadway
Precision Technology Ltd 

Unit 1, 21/F
Aitken Vanson Centre

61 Hoi Yuen
Road, Kwun Tong

Kowloon, Hong
Kong

Attention:
Mr H L Ning, Chief Financial Officer

 

Copy to:

Plastec
Technologies, Ltd 

Unit 1, 21/F
Aitken Vanson Centre

61 Hoi Yuen
Road, Kwun Tong

Kowloon, Hong
Kong

Attention:
Mr H L Ning, Chief Financial Officer

 

30
January 2012

 

Dear
Sirs

 

Banking
Facilities

 

We
are pleased to inform you that Australia and New Zealand Banking Group Limited, Hong Kong Branch ("ANZ") is willing
to make available to you the facilities set out in this letter (this "Facility Letter"). The terms and conditions
set out in this Facility Letter supersede and replace those set out in any of the banking facilities letters previously sent to
you.

 

		1.	THE OBLIGORS

 

	Borrowers:	Sun Line Industrial Limited, a company incorporated under the laws of Hong Kong with company number 0416965;
	 	 
	 	Broadway Industrial Holdings Limited, a company incorporated under the laws of British Virgin Islands with company number 672410; and
	 	 
	 	Broadway Precision Technology Ltd, a company incorporated under the laws of British Virgin Islands with company number 1631158 (the "Borrowers")
	 	 
	Guarantor:	Plastec Technologies, Ltd, a company incorporated under the laws of Cayman Islands with registration number 207509 (the "Guarantor")

 

each,
together with each third party provider of security or other credit support (if any), an "Obligor" and collectively
the "Obligors".

 

	31/F, One Exchange Square, 8 Connaught Place, Central, Hong Kong	Facility Letter
	Phone
    +852 2843 7111 | Fax +852 2868 0089 | anz.com/hongkong	Page 1 of 13
	Australia and New Zealand Banking Group Limited ABN 11 005 357 522	 

 

    	 

    	 

    

 

 

		2.	THE FACILITY

 

The
facilities offered to the Borrowers on an uncommitted basis (separately or collectively, the "Facility") are
set out below at paragraphs (a) to (b). Each individual Facility is offered in the amount specified below. At no time shall the
aggregate Drawings under the Facility exceed HK$80,000,000 (the "Facility Limit") and at no time shall
the aggregate drawings under an individual Facility exceed its individual facility limit specified below.

 

		(a)	Trade Finance Facilities (separately
                                                           or collectively, the "Trade Facility") to be
                                                           used by each of the Borrowers to finance the import of raw materials
                                                           and export of goods. The Trade Facility is made available in an amount
                                                           equal to HK$80,000,000 and at no time shall the aggregate drawings
                                                           under an individual Trade Facility exceed its individual facility limit
                                                           (if any) specified in Schedule 3. The Trade Facility shall comprise
                                                           the individual facilities set out in Schedule 3; and

 

		(b)	Short Term Revolving Credit Facility
                                                           to be used by the Borrowers to finance its working capital requirements
                                                           ("RC Facility"). The RC Facility is made available
                                                           in an amount equal to HK$35,000,000.

 

Each
Facility is made available in HK$ (the "Base Currency") but if requested by the Borrowers ANZ may, in
its sole and absolute discretion, make any individual Facility available in US$ (the' "Alternative Currency").

 

If
one or more Drawings are denominated in the Alternative Currency and on the Business Day, prior to the date (the "Relevant
Date") upon which any principal, interest, commission or fee is payable under the Facility, ANZ determines that
the aggregate Drawings under the Facility exceed the Facility Limit or the aggregate Drawings under an individual Facility exceed
its individual facility limit, the Borrowers shall, an the request of ANZ, repay an amount of the Facility or (as the case may
be) the relevant individual Facility or provide cash cover in respect of relevant contingent liabilities on the Relevant Date.
The amount of such repayment or cash cover shall be an amount sufficient to ensure that following such repayment or receipt of
cash cover the aggregate Drawings under the Facility do not exceed the Facility Limit and the aggregate drawings under each individual
Facility do not exceed its individual facility limit.

 

In
determining if the aggregate Drawings under the Facility exceed the Facility Limit or the aggregate Drawings under an individual
Facility exceed its individual facility limit, ANZ shall convert any Drawings in the Alternative Currency into the Base Currency
at a rate determined by ANZ in its absolute discretion.

 

ANZ
shall not be responsible to ensure that the Facility (other than the Trade Facility) is used for the purposes set out above or
that the Trade Facility is used for the purposes set out above or in Schedule 3.

 

		3.	FEES, INTEREST AND COMMISSION

 

		(a)	RC Facility: Interest Rate of 1.25% per annum over Cost of Funds.

 

		(b)	Trade Facility: Trade related fees and commissions, maximum tenors and other relevant details
for any Trade Facility are specified in Schedule 3, otherwise ANZ standard tariffs will apply. The Borrower agrees to pay such
other trade related fees and commissions as advised by ANZ from time to time. All trade related fees and commissions are payable
by the Borrower in the manner and at the times as advised by ANZ from time to time.

 

		(c)	Default interest is payable on unpaid amounts at the rate of 4% per annum above the Interest Rate
(or other relevant applicable rate) for the relevant Facility, as conclusively determined by ANZ.

 

		(d)	All fees and commissions are non-refundable, regardless of whether and to what extent the
                                                             Facility may have been drawn or is subsequently withdrawn, unless otherwise agreed between the Borrowers and ANZ. All
                                                             payments by any Obligor shall be made free and clear of any taxes (direct or indirect), duties or deductions whatsoever with
                                                             customary tax gross up in favour of ANZ (as set out in section 6 of the Standard Terms). Additional fees, costs and expenses
                                                             shall be for the account of the Borrowers as set out in section 11 of the Standard Terms.

 

	 	XXXXXXXXXXXX
	 	Facility Letter
	Australia and New Zealand Banking Group Limited ABN 11 005 357 522	Page 2 of 13

 

    	 

    	 

    

 

 

		(e)	Interest periods under the RC Facility
                                                             and in respect of any other funded Drawings under the Facility (unless
                                                             specified in Schedule 3) shall be 1, 2, 3 or 6 months as selected
                                                             by the relevant Borrower in a drawdown request and agreed to by ANZ
                                                             or such other period as ANZ may agree (each an "Interest
                                                             Period"), provided that an Interest Period for a drawing
                                                             under the Trade Facility shall not be more than the relevant maximum
                                                             tenor set out in Schedule 3. Interest on the RC Facility and the
                                                             Trade Facility (unless specified in Schedule 3 shall be payable on
                                                             the last day of each Interest Period. ANZ's certificate as to the
                                                             rate of interest payable shall, in the absence of manifest error,
                                                             be conclusive.

 

		4.	CONDITIONS TO DRAWINGS

 

		(a)	The Facility will be available after
                                                             the conditions precedent set out in Part 1 of Schedule 1 have
                                                             been fulfilled to the satisfaction of ANZ. Thereafter a Borrower
                                                             may make a drawing or request the issuance of an instrument (each
                                                             a "Drawing") under the Facility by giving an irrevocable
                                                             notice ((i) for any Facility, other than the Trade Facility, in
                                                             the form set out in Appendix A; and (ii) for a Trade Facility,
                                                             in ANZ's current standard format), to ANZ at least 2 Business Days
                                                             or, in the event of a Drawing in the Alternative Currency, 4 Business
                                                             Days before the date of the proposed Drawing. ANZ shall only allow
                                                             a Drawing if the conditions precedent set out in Part 2 of Schedule
                                                             1 are fulfilled to the satisfaction of ANZ.

 

		(b)	Each Drawing under the RC Facility shall be at least HK$1,000,000 or, in the event of a Drawing
in an Alternative Currency, the equivalent thereof or (if less) the undrawn balance of the relevant Facility and in integral multiples
of HK$500,000 or, in the event of a Drawing in an Alternative Currency, the equivalent thereof.

 

		(c)	For a Trade Facility, the Borrowers are only entitled to make a Drawing under the Trade Facility
if the Borrowers provide ANZ with such other trade documentation as required by ANZ from time to time.

 

		5.	REPAYMENT AND PREPAYMENT

 

		(a)	Subject to the paragraph below for a Drawing under the RC Facility and the Trade Finance Loan Facility,
the Borrowers must repay each Drawing under the RC Facility and each funded Drawing under any other Facility in full on the last
day of the Interest Period for that Drawing and if applicable, on the last day of the tenor applicable to that Facility. Subject
to payment of any break funding costs and at least 14 days' prior written notice to ANZ, the Borrowers may prepay outstanding funded
Drawings under a Facility without penalty provided that such prepayment must be of at least HK$1,000,000 or (if less) the balance
outstanding under the relevant Facility.

 

		(b)	In the case of the RC Facility and the Trade Finance Loan Facility, a Borrower may request that
a maturing Drawing be refinanced by a new Drawing under the same Facility under which the maturing drawing was made provided that
(i) the maturing Drawing and the new Drawing shall be made by the same Borrower, in the same currency; (ii) the new Drawing shall
be in an amount equal to or less than the maturing Drawing; and (iii) the tenor of the new Drawing of the Trade Finance Loan Facility
shall not exceed the relevant maximum tenor specified in Schedule 3. Where the new Drawing is less than the maturing Drawing the
relevant Borrower shall, on the last day of the Interest Period for the maturing Drawing, repay the amount of the maturing Drawing
not being refinanced by the new Drawing. Interest shall remain due and payable on the last day of each Interest Period for the
maturing Drawing.

 

		(c)	Notwithstanding any other provisions
                                                             of this Facility Letter, the Borrowers shall ensure that the aggregate
                                                             Drawings under the RC Facility shall be reduced to HK$0 during the
                                                             period commencing on the Specified Date and ending on a date not
                                                             less than 7 Business Days immediately after such Specified Date.
                                                             For the-purpose of this clause, "Specified Date"
                                                             means the last day of each six-month period from the date of the
                                                             first Drawing.

 

	 	XXXXXXXXXXXX
	 	Facility Letter
	Australia and New Zealand Banking Group Limited ABN 11 005 357 522	Page 3 of 13

 

    	 

    	 

    

 

 

		6.	REPRESENTATIONS AND UNDERTAKINGS

 

		(a)	Each Obligor makes the representations and warranties (i) set out in section 7 of the Standard
Terms; and (ii) the additional representations and warranties set out in Part 1 of Schedule 2 to ANZ on the date of acceptance
of this Facility Letter and are deemed repeated on each date while any part of the Facility is in place.

 

		(b)	For so long as any Facility is in place each Obligor gives the covenants and undertakings (i) as
set out in section 8 of the Standard Terms; and (ii) as set out in Part 2 of Schedule 2.

 

		7.	SECURITY/SUPPORT

 

The
Facility and all amounts owing to ANZ are to be secured by: (a) a guarantee from the Guarantor in ANZ's standard form; and (b)
any other security or credit support that may be provided to ANZ.from time to time.

 

		8.	ASSIGNMENT AND TRANSFER

 

Notwithstanding
any other provisions of the Facility Documents, ANZ may at any time, without the consent of the Borrowers: (i) assign its rights
or transfer its rights and obligations; or (ii) charge, assign or otherwise create security in or over, any or all of its rights
or obligations under any Facility Document to any person by written notice to the Borrowers. No Obligor is permitted to assign
or transfer any of its rights or obligations under any Facility Document without the prior written consent of ANZ.

 

		9.	MISCELLANEOUS

 

		(a)	The attached standard terms and conditions (the "Standard Terms") are incorporated
by reference into this Facility Letter. The Trade Facility is subject to ANZ Trade Terms (in ANZ's standard form in effect from
time to time). In the event of any inconsistency between the provisions of this Facility Letter and the Standard Terms, this Facility
Letter shall prevail. In the event of any inconsistency between the provisions of the Standard Terms and ANZ Trade Terms, ANZ Trade
Terms shall prevail, In the event of any inconsistency between the provisions of this Facility Letter and ANZ Trade Terms, ANZ
Trade Terms shall prevail except where the provisions of this Facility Letter expressly state that it will prevail over ANZ Trade
Terms, in which case the relevant provision of this Facility Letter will prevail. Terms not otherwise defined in this Facility
Letter shall have the meanings given to them in the Standard Terms and ANZ Trade Terms.

 

		(b)	All notices must be in writing and delivered to the relevant address of each party set out with
their signature below. ANZ may accept the Borrower's notices or instructions by telephone, facsimile or other means, provided that
the Borrower has given ANZ an indemnity (in ANZ's standard form).

 

		(c)	This Facility Letter and the Standard Terms shall be governed by and construed in accordance with
the laws of Hong Kong and the parties irrevocably agree to submit to the non-exclusive jurisdiction of the courts of Hong Kong.

 

		(d)	Broadway Industrial Holdings Limited, Broadway Precision Technology Ltd and the Guarantor (each
an "Overseas Obligor" and collectively, "Overseas Obligors") irrevocably consent to service of
process by mail or in any other manner permitted by the relevant law and appoint Sun Line Industrial Limited at Unit 1, 21/F Aitken
Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong (Attention: Mr H L Ning) as their agent for service of process in
relation to any proceedings before the Hong Kong courts in connection with any Facility Document. If any person appointed as process
agent is unable to act as process agent for that purpose, the Overseas Obligors must promptly appoint a new process agent and notify
ANZ of its name and address. ANZ may appoint a new process agent if any Overseas Obligor fails to comply and ANZ will notify such
Overseas Obligor of the name and address of the new process agent. Any costs incurred shall be for such Overseas Obligor's account.

 

	 	XXXXXXXXXXXX
	 	Facility Letter
	Australia and New Zealand Banking Group Limited ABN 11 005 357 522	Page 4 of 13

 

    	 

    	 

    

 

 

		(e)	The Obligors are jointly and severally liable for any amounts payable under this Facility Letter
or any other Facility Document.

 

The
Facility and the terms of this Facility Letter are subject to review by ANZ at any time. The Facility is subject to ANZ's overriding
right to: (a) withdraw and/or demand repayment of the Facility (or any part thereof) at any time without notice and without giving
any reason; (b) call for immediate cash cover in respect of any contingent liabilities; and (c) reduce or suspend the Facility
(or any part thereof) or any limit in relation to the Facility (or any part thereof) at any time without notice and without giving
any reason.

 

Please
indicate your acceptance of the terms and conditions of this Facility Letter, the Standard Terms and ANZ Trade Terms by signing
and returning the duplicate of this Facility Letter to us at the notice details below before the expiry of 30 days from the date
of this Facility Letter or such other day as agreed by ANZ, after which this Facility Letter (including the Standard Terms) shall
be deemed to have been withdrawn by us and no longer capable of acceptance.

 

Should
you have any queries, please contact your Relationship Manager at the details set out below.

 

	Yours faithfully	 	 
	 	 	 
	(Signed)	 	(Signed)
	Authorized
Signatory	 	Authorized
Signatory
	Head of Lending Operations	 	Head of Corporate and Institutional Relationships
	Hong Kong	 	Hong Kong

 

For
and on behalf of

Australia
and New Zealand Banking Group Limited, Hong Kong Branch

Address: 14/F
Three Exchange Square, 8 Connaught Place, Central, Hong Kong

Tel: +852 XXXXXXXX

Fax: +852 3918
7143

Attention:
XXXXXXXX

 

	 	XXXXXXXXXXXX
	 	Facility Letter
	Australia and New Zealand Banking Group Limited ABN 11 005 357 522	Page 5 of 13

 

    	 

    	 

    

 

 

 

SCHEDULE
1

CONDITIONS
PRECEDENT

 

PART
1

Initial
Conditions Precedent

 

		1.	The
Facility Letter duly executed by each Obligor.

 

		2.	A
copy of the board resolutions of each Obligor approving the terms of, and the transactions contemplated by, the Facility
Documents and specimen signature of each person authorised under such resolutions.

 

		3.	A
copy of the constitutional documents of each Obligor including without limitation:

 

		(a)	in
the case of each Obligor incorporated in the British Virgin Islands:

 

		(i)	its certificate of incorporation;

 

		(ii)	its current memorandum and articles of
association;

 

		(iii)	its register of directors and officers, register of members and register of charges (if any); and

 

		(iv)	a certificate of incumbency of such Obligor issued by its registered agent and dated no earlier
than one (1) month before the date of this Facility Letter certifying, amongst other things, the name of its directors, shareholders,
charges and that it is in good standing; and

 

		(b)	in
the case of each Obligor incorporated in the Cayman Islands:

 

		(i)	its certificate of incorporation (and certificate of
incorporation on change of name (if any));

 

		(ii)	its current memorandum and articles of
association;

 

		(iii)	its register of directors and officers,
register of members and register of mortgages and charges; and

 

		(iv)	its certificate of good standing issued
by the Cayman Islands Registry dated no earlier than one (1) month before the date of this Facility Letter; and

 

		(c)	in
the case of each Obligor incorporated in Hong Kong:

 

		(i)	its certificate of incorporation (and
each certificate of change of name (if any));

 

		(ii)	its current memorandum and articles of
association; and

 

		(iii)	its
current business registration certificate.

 

		4.	A
certificate of a director of each Obligor:

 

		(a)	confirming
its current shareholders and directors; and

 

		(b)	certifying that each copy document
                                                                                 relating to it specified in this Schedule1 is correct, complete and in full force and effect as at a date no earlier than
                                                                                 the date of acceptance of this Facility Letter.

 

	 	Facility
Letter
	Australia
    and New Zealand Banking Group Limited ABN 11 005 357 522	Page 8 of 13

 

    	 

    	 

    

 

 

		5.	Each
                                                            document constituting the security and other credit support set out
                                                            in Clause 7 of the Facility Letter (a "Security Document")
                                                            duly executed by the relevant parties and all documents and evidence
                                                            required, pursuant to the terms of any Security Document, to be delivered
                                                            promptly upon execution of such Security Document or otherwise prior
                                                            to the first Drawing under the Facility.

 

		6.	The following documents executed by the
Borrowers: (i) account opening documentation and certified copies of identity cards or passports of the authorised signatories
of the Borrower; and (ii) fax instruction indemnity (if applicable).

 

		7.	Evidence of acceptance of process agent
appointment for each Overseas Obligor not having its place of incorporation or principal place of business in Hong Kong.

 

		8.	"Know your customer" (or similar
                                                            requirements) checks satisfactory to ANZ.

 

		9.	Such other documents as may be required
by ANZ.

 

PART
2

Further
Conditions Precedent

 

		1.	There has been no change to the financial
condition of any Obligor since the date of the latest audited financial statements supplied to ANZ by the Obligors, which change,
in the sole opinion of ANZ, would or might reasonably be expected to have or constitute a Material Adverse Effect.

 

		2.	No fee or other amount due and owing by
an Obligor under any of the Facility Documents remains unpaid.

 

		3.	The representations and warranties made
(and deemed repeated) by each Obligor pursuant to Clause 6 of the Facility Letter are true and correct in all material respects
and will remain so after any Drawing.

 

	 	XXXXXXXXXXXX
	 	Facility
Letter
	Australia
    and New Zealand Banking Group Limited ABN 11 005 357 522	Page 9  of 13

 

    	 

    	 

    

 

 

SCHEDULE
2

Representations
And Undertakings

 

PART
1

Representations
and Warranties

 

		1.	Each Obligor has performed and observed
in all material respects all applicable environmental laws, regulations, permits, conditions, covenants, restrictions or agreements
directly or indirectly concerned with any contamination, pollution or waste or the release or discharge of toxic or hazardous substance
in connection with any real property which is or was at any time owned, leased or occupied by any Obligor or on which it has conducted
any activity where failure to do so might reasonably be expected to have a Material Adverse Effect.

 

		2.	No claim, proceeding or investigation
by any person in respect of any applicable environmental laws and regulations has been commenced or threatened against any Obligor
where any adverse determination of that claim might reasonably be expected to have a Material Adverse Effect.

 

PART
2

Undertakings

 

		1.	Each Obligor shall provide to ANZ its
annual audited unconsolidated accounts within 270 days of the end of its financial year, and any other financial information at
such time as ANZ may reasonably request.

 

		2.	The Guarantor shall provide to ANZ its
annual audited consolidated accounts within 150 days of the end of its financial year and its quarterly unaudited consolidated
accounts within 150 days of the end of its financial quarter, and any other financial information at such time as ANZ may reasonably
request.

 

		3.	Each Obligor shall (i) comply with all
applicable environmental laws and regulations; (ii) obtain, maintain and ensure compliance with all requisite environmental permits;
and (iii) implement procedures to monitor compliance with and to prevent liability under any applicable environmental laws and
regulations, in each case where failure to do so could reasonably be expected to have a Material Adverse Effect.

 

		4.	Each Obligor shall inform ANZ in writing
promptly upon becoming aware of (i) any claim, proceeding or investigation in respect of any applicable environmental laws and
regulations which is current, pending or threatened against any Obligor; and (ii) any facts or circumstances which might reasonably
be expected to result in any such claim being commenced or threatened against any Obligor, in each case where any adverse determination
of that claim might reasonably be expected to have a Material Adverse Effect.

 

	 	XXXXXXXXXXXX
	 	Facility
Letter
	Australia and New Zealand Banking Group
    Limited ABN 11 005 357 522	Page 10   of 13

  

    	 

    	 

    

 

 

SCHEDULE
3

THE TRADE FACILITY

 

		1.	DOCUMENTARY
CREDIT (Sight or Usance)

 

	Individual Facility Limit:	 	HK$80,000,000
	 	 	 
	Maximum Usance Tenor:	 	120 days for each usance DC
	 	 	 
	Fees:	 	DC
    Opening Commission, payable each 6 months or part thereof in advance, of 1/8% on the first US$50,000 or equivalent and 1/24%
    on the balance.
	 	 	 
	 	 	Commission in Lieu of Exchange of 1/8% on the first US$50,000 or equivalent and 1/24% on the balance.

 

		2.	TRADE
FINANCE LOAN FACILITY (Advances against Trust Receipts for Documentary Credit Import Collection)

 

	Individual Facility Limit:	 	HK$80,000,000
	 	 	 
	Interest Rate:	 	1.25% per annum over Cost of Funds
	 	 	 
	Interest Period:	 	Interest
    is payable in respect of each drawing on the date falling at the end of 1, 2, 3 or 6 months
	 	 	 
	Maximum Tenor:	 	the aggregate of the usance of any DC and/or the tenor of any import collection (as applicable), and the tenor of any corresponding trust receipt loan, shall not exceed 120 days
	 	 	 
	Trust Receipt:	 	The Borrower shall execute and deliver to ANZ a trust receipt in form and substance acceptable to ANZ at the time the drawing is made and the Documents are released to the Borrower. The Borrower acknowledges that (amongst others) clauses 2.8, 2.9 and 2.10 of the ANZ Trade Terms apply.

 

		3.	TRADE FINANCE
                                                                               LOAN FACILITY (Import Invoice Financing)

 

	Individual Facility Limit:	 	HK$80,000,000
	 	 	 
	Interest Rate:	 	1.25% per annum over Cost of Funds
	 	 	 
	Interest Period:	 	Interest is payable in respect of each drawing on the date falling at the end of 1, 2, 3 or 6 months
	 	 	 
	Maximum Tenor:	 	90 days for each drawing to be applied from drawdown date
	 	 	 
	Special Conditions:	 	The proceeds of any Drawing related to nay import trade loan against suppliers invoice shall be remitted directly by ANZ to the relevant supplier's account.

 

	 	XXXXXXXXXXXX
	 	Facility
Letter
	Australia
    and New Zealand Banking Group Limited ABN 11 005 357 522	Page 11   of 13

 

    	 

    	 

    

 

 

	4. 	TRADE FINANCE LOAN FACILITY (Export Invoice Financing)

 

	Individual Facility Limit:	 	HK$80,000,000
	 	 	 
	Interest Rate:	 	1.25% per annum over Cost of Funds
	 	 	 
	Interest Period:	 	Interest is payable in respect of each drawing on the date falling at the end of 1, 2, 3 or 6 months
	 	 	 
	Maximum Tenor:	 	90 days for each drawing to be applied from drawdown date

 

	5.
    	EXPORT COLLECTION FINANCING (Advances against Documents
against Payment ("DP") / Advances against Documents against Acceptance ("DA"))

 

	Individual Facility Limit:	 	HK$80,000,000
	 	 	 
	Interest Rate:	 	1.25% per annum over Cost of Funds, payable in advance, and charged by means of discount to the face value of the relevant instrument.
	 	 	 
	Maximum Tenor:	 	14 days for each drawing for a sight Bill and 90 days for each drawing for a term Bill to be determined for each particular drawing in accordance with the tenor of the Bill.
	 	 	 
	Fees:	 	Commission in Lieu of Exchange of 1/8% on the first US$50,000 or equivalent and 1/24% on the balance.

 

	6.
    	EXPORT DOCUMENTARY CREDIT NEGOTIATION WITH DISCREPANCIES

 

	Individual Facility Limit:	 	HK$80,000,000
	 	 	 
	Interest Rate:	 	1.25% per annum over Cost of Funds. Interest is payable in advance, and charged by means of discount to the face value of the relevant instrument.
	 	 	 
	Maximum Tenor:	 	14 days for each drawing for a sight documentary credit or 120 days for each drawing for a usance documentary credit to be determined for each particular drawing in accordance with the tenor of the documentary credit.
	 	 	 
	Fees:	 	Commission in Lieu of Exchange of 1/8% on the first US$50,000 or equivalent and 1/24% on the balance.

 

	7. 	SHIPPING GUARANTEE FACILITY

 

	Individual Facility Limit:	 	HK$80,000,000
	 	 	 
	Maximum Tenor:	 	120 days for each Instrument.
	 	 	 
	Fees:	 	Issuance
fee of HK$300 per Instrument.

 

	 	XXXXXXXXXXXX
	 	Facility
Letter
	Australia
    and New Zealand Banking Group Limited ABN 11 005 357 522	Page 12   of 13

 

    	 

    	 

    

 

 

Appendix
A

 

Form
of Drawdown and Rollover Notice

[on
Borrower letterhead] 

[Drawdown]/[Rollover] Notice

 

[date]

 

		To:	Australia and New Zealand Banking Group Limited, Hong
Kong Branch

31/Floor, One Exchange Square, 8 Connaught Place, Central, Hong Kong

 

Dear
Sirs / Madams

 

Drawing
under HK$80,000,000 Uncommitted Facility

 

We
refer to the facility letter (incorporating the standard terms and conditions attached thereto) from you dated 30 January 2012
and duly accepted by us on [•] (the "Facility Letter"). Terms defined in the Facility Letter have the same
meanings when used herein.

 

We
hereby irrevocably:

 

		(a)	give
                                                           you notice that we wish to [make a Drawing]/[refinance a maturing Drawing
                                                           with a new Drawing] under the RC Facility in an amount of [amount
                                                           and currency in figures and words] on [date], such
                                                           new Drawing to have an Interest Period of [1/2/3/6] months;

 

		(b)	[request
                                                           you to remit the proceeds of the new Drawing to [name and address
                                                           of bank and account number];]1

 

		(c)	confirm that the representations and warranties
in the Facility Letter are true and accurate at the date hereof as if made with respect to the facts and circumstances now subsisting;

 

		(d)	confirm that there has been no change
to any Obligors’ financial condition since the date of its latest audited financial statements, which change, would or might
reasonably be expected to have or constitute a Material Adverse Effect; and

 

		(e)	confirm
                                                                                                   that the new Drawing will be
                                                                                                   used for the purpose of [insert
                                                                                                   details of the approved purpose
                                                                                                   as described in the Facility
                                                                                                   Letter].

 

Yours
faithfully

 

[Sun
Line Industrial Limited / Broadway Industrial Holdings Limited / Broadway Precision Technology Ltd]

 

	By:	 	By:
	 	 	 
	 	 	 
	Name:	 	Name:
	Title:	 	Title

 

 

 

1 Delete this sub-clause (b) if a rollover
Drawing.

 

	 	XXXXXXXXXXXX
	 	Facility
Letter
	Australia and New Zealand Banking Group
    Limited ABN 11 005 357 522	Page 13   of 13

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