Document:

exv4w17

 

Exhibit 4.17

23 May 2007

ZASTRON PRECISION — TECH LIMITED

and

HONG KONG PRODUCTIVITY COUNCIL

CONSULTANCY FOR ENTERPRISE RESOURCES PLANNING

 

 

CONTENTS

	 	 	 	 	 	 	 	 	 
	Clause No.	 	 	Clause Heading	 	Page	 
	 	 	 	 	 
	 	 	 	 
	 	1.	 	 	DEFINITIONS
	 	 	1	 
	 	2.	 	 	APPOINTMENT
	 	 	1	 
	 	3.	 	 	CONSULTANT’S OBLIGATIONS
	 	 	2	 
	 	4.	 	 	EMPLOYER’S OBLIGATIONS
	 	 	3	 
	 	5.	 	 	PAYMENT
	 	 	4	 
	 	6.	 	 	INDEMNITY AND LIABILITY
	 	 	4	 
	 	7.	 	 	VARIATIONS
	 	 	4	 
	 	8.	 	 	TERMINATION FOR BREACH
	 	 	5	 
	 	9.	 	 	DELIVERY OF DOCUMENTS
	 	 	6	 
	 	10.	 	 	MISCELLANEOUS
	 	 	6	 
	 	11.	 	 	PROPER LAW AND JURISDICTION
	 	 	7	 
	 	12.	 	 	WAIVER
	 	 	7	 
	 	13.	 	 	COSTS
	 	 	7	 

SCHEDULES

SCHEDULE 1 — TOTAL ERP SOLUTION SERVICE PROPOSAL

 

 

THIS AGREEMENT is made this 31st of May 2007.

BETWEEN:

	(1)	 	ZASTRON PRECISION — TECH LIMITED of Suites 1506-08, 15/F, One Exchange Square, 8
Connaught Place, Central, Hong Kong (the “Employer”); and
	 
	(2)	 	HONG KONG PRODUCTIVITY COUNCIL of HKPC Building, 78 Tat Chee Avenue, Kowloon, Hong
Kong (the “Consultant”).

WHEREAS:

	A.	 	The Employer requires the Services (as defined below) to be provided in respect of an
Enterprise Resources Planning System.
	 
	B.	 	The Consultant has agreed to provide the Services on the terms and conditions herein
contained.

NOW IT IS HEREBY AGREED as follows:-

	1.	 	DEFINITIONS
	 
	 	 	In this Agreement, the following words and expressions shall have the meanings hereby
assigned to them:-
	 
	 	 	“Agreement” means this agreement and the Schedules hereto, as may be amended from time to
time by mutual agreement in writing.
	 
	 	 	“Fee” means the fees referred to and payable under Attachment B — Statement of Price of
Schedule 1 hereto.
	 
	 	 	“Services” means the professional services set out in or reasonably to be implied from
Schedule 1 hereto as may be varied from time to time in accordance with this Agreement.
	 
	2.	 	APPOINTMENT
	 
	2.1	 	The Employer hereby appoints the Consultant and the Consultant hereby accepts the appointment
as a professional consultant to provide the Services on the terms and conditions set out in
this Agreement.

-1/8-

 

	3.	 	CONSULTANT’S OBLIGATIONS
	 
	3.1	 	Services

	 	3.1.1	 	The Consultant shall perform the Services upon the terms and conditions set
out in this Agreement and shall commence the Services within fourteen (14) days from
the date of this Agreement and complete the same in accordance with Schedule 1. The
Consultant shall commence the Services within 14 days of the date of this Agreement
and shall perform the Services diligently and with due expedition at all times and
shall comply with all directions and instructions which may be given by the Employer
to the Consultant from time to time in so far as such directions and instructions are
reasonable and consistent with the terms and conditions agreed by both parties under
this Agreement.
	 
	 	3.1.2	 	The Consultant warrants that it shall exercise all reasonable skill, care
and diligence to be expected of a professionally qualified consultant experienced in
undertaking services of a similar nature and scope to the Services.
	 
	 	3.1.3	 	The Consultant shall employ or cause to be employed in connection with the
Services only personnel who are skilled and experienced in the disciplines required
for the proper and efficient performance of the Services. Nominees for such personnel
are set out in Schedule 1. The Consultant reserves the right to assign personnel
other than those Nominees to carry out the Services if any of those Nominees should
leave the employment of the Consultant or if any of them has in the opinion of the
Consultant become unfit to carry out the Services provided that the Consultant shall
consult the Employer beforehand on any change of such personnel.
	 
	 	3.1.4	 	The Consultant shall promptly notify the Employer in writing of any event or
matter which the Consultant is or ought reasonably to be, aware of, which delays or
may delay the completion of the Services or any part thereof, indicating what steps
are being taken by the Consultant to rectify the situation.
	 
	 	3.1.5	 	The Consultant shall not delegate or subcontract any duties or obligations
arising under this Agreement without the prior written consent of the Employer.

	3.2	 	Confidentiality
	 
	 	 	The Consultant shall not at any time during or after the performance of the Services
divulge or allow to be divulged to any person who is not employed by the Employer:-

	 	3.2.1	 	any information supplied by the Employer to the Consultant;
	 
	 	3.2.2	 	any information obtained by the Consultant relating to the business and
affairs of the Employer;
	 
	 	3.2.3	 	details of the work undertaken in performing the Services;

-2/8-

 

	 	3.2.4	 	any advice given to the Employer, including any reports prepared by the
Consultant pursuant to this Agreement; and
	 
	 	3.2.5	 	any other details or information relating to the Services,

	 	 	save to the extent that the Consultant is required to divulge such information to enable
the Consultant to perform the Services, in which event the prior written consent of the
Employer shall be obtained, or in accordance with the order of a court of competent
jurisdiction provided that the Consultant’s duty of confidence shall cease to apply to any
information coming into the public domain otherwise than by breach by the Consultant of its
obligations contained in this clause and that nothing herein shall prevent the Consultant
from disclosing any such information to the extent required in or in connection with legal
proceedings arising out of this Agreement.
	 
	3.3	 	Copyright
	 
	 	 	Copyright in all reports, drawings, documents or other materials
produced by the Consultant in the provision of the Services shall
belong to the Employer. The Employer shall have the sole right to
publish all such documents produced by the Consultant under this
Agreement. The Employer and the Consultant shall each indemnify and
keep indemnified each other against any claim or liability in respect
of any infringement of any intellectual property right in respect of
any document or thing produced or supplied by them to the other in
connection with the Services or this Agreement.
	 
	4.	 	EMPLOYER’S OBLIGATIONS
	 
	4.1	 	The Employer shall fulfil the Client’s Responsibilities as set out in Attachment C —
Statement of Client’s Responsibilities of Schedule 1.
	 
	4.2	 	The Employer shall at all times keep confidential (and to procure that its employees and
agents shall keep confidential) any confidential information which it may acquire in relation
to the Consultant, its clients, business or affairs and shall not use or disclose such
information except with the consent of the Consultant or in accordance with the order of a
court of competent jurisdiction provided that the obligations of the Employer contained in
this clause shall cease to apply to any information coming into the public domain otherwise
than by breach by the Employer of its obligations contained in this clause and that nothing
herein shall prevent the Employer from disclosing any such information to the extent required
in or in connection with legal proceedings arising out of this Agreement.
	 
	4.3	 	The Employer shall not employ any of the Consultant’s staff involved in this Agreement during
the continuance of this Agreement or within 6 months after the termination of this Agreement, except with the prior written approval of the Consultant.

-3/8-

 

	4.4	 	All expenses incurred by the Consultant and money paid to third parties on behalf of the
Employer and with the agreement of the Employer shall be borne by the Employer.
	 
	5.	 	PAYMENT
	 
	5.1	 	In consideration of the Services to be rendered by the Consultant under this Agreement, the
Employer shall pay to the Consultant the Fee which shall be inclusive of all expenses and
costs reasonably incurred by the Consultant in providing the Services unless otherwise stated
in Attachment B — Statement of Price of Schedule 1 hereto.
	 
	5.2	 	The Fee shall be paid by installments in accordance with Attachment B — Statement of Price
of Schedule 1 hereto.
	 
	5.3	 	In the event that the Employer instructs any variations pursuant to Clause 7 below, the
Employer and the Consultant shall seek to agree the additional fee (if any) payable by the
Employer to the Consultant in respect of such variations. In the event of any failure to so
agree, the additional fee (if any) shall be based on the rates and prices set out in
Attachment B — Statement of Price of Schedule 1 hereto.
	 
	6.	 	INDEMNITY AND LIABILITY
	 
	6.1	 	Subject to Clause 6.2 below, the Consultant shall indemnify and keep indemnified the Employer
against all claims, demands, proceedings, liabilities, damages, costs, charges, and expenses
whatsoever which the Employer may directly or indirectly incur or have made against it in
respect of, in relation to or arising out of any failure by the Consultant to act in
accordance with this Agreement, save that the Consultant’s liability to indemnify the Employer
as aforesaid shall be reduced proportionately to the extent that a wrongful act or neglect of
the Employer, its agents or employees may have contributed to such claims, demands,
proceedings, liabilities, damages, costs, charges and expenses.
	 
	6.2	 	Notwithstanding anything contained herein:-

	 	(a)	 	The Consultant shall not be held liable to the Employer for any loss of
business or profit or other consequential loss and damages suffered as a result of any
default on the part of the Consultant.
	 
	 	(b)	 	The Consultant’s liability in respect of any loss sustained by the Employer
is expressly limited and shall in no case exceed the Fee or any part thereof actually
paid by the Employer to the Consultant.

-4/8-

 

	7.	 	VARIATIONS
	 
	7.1	 	The Employer may instruct any variations to the Services that in his opinion are desirable.
Variations may include, but shall not be limited to :-

	 	(a)	 	additions, omissions, substitutions, alterations, changes in quality, form
character or kind of the Services;
	 
	 	(b)	 	engagement of additional personnel to perform the Services; and
	 
	 	(c)	 	changes to any sequence, method or timing of the Services specified in this
Agreement.

	7.2	 	No variation shall be made to the Services unless made by the Employer in writing and agreed
to in writing by the Consultant.
	 
	7.3	 	No variation made pursuant to Clause 7.2 shall vitiate or invalidate this Agreement and this
Agreement shall apply to the Services as varied.
	 
	8.	 	TERMINATION FOR BREACH
	 
	8.1	 	In the event of any material breach or non-observance of any of the obligations of the
Consultant under this Agreement, or any neglect, failure or refusal by the Consultant to carry
out the Services or to comply with this Agreement, the Employer may forthwith terminate the
Consultant’s appointment under this Agreement provided that the Employer has given the
Consultant 14 days’ written notice of and the Consultant has not remedied, such breach,
non-observance, neglect, failure or refusal within the said 14 day period.
	 
	8.2	 	Without prejudice to any other remedies the Consultant may have against the Employer, the
Consultant shall have the right to terminate this Agreement:

	 	(a)	 	immediately if the Employer is wound up or is petitioned to be wound up,
commits an act of bankruptcy or compound or arrange with its creditors or have a
receiving order made against it or being a limited company enters into compulsory or
voluntary liquidation (except for the purposes of amalgamation or restructure only);
	 
	 	(b)	 	on 14 days’ prior written notice if the Employer refuses or prevents the
furnishing of Services by the Consultant under this Agreement; or
	 
	 	(c)	 	on 14 days’ prior written notice if the Employer violates any of the terms
and conditions contained herein,

whereupon, the Employer shall be liable to reimburse the Consultant all expenses actually
incurred for and on behalf of the Employer in respect of this Agreement up to the date of
termination and shall pay the Consultant:-

	 	(i)	 	any part(s) of the Fee due and payable under Clause 4; and
	 
	 	(ii)	 	the part(s) of the Fee for any part(s) of the Services rendered but not yet
paid for which shall be calculated by reference to the same charging rate and basis as
that for the Fee,

-5/8-

 

	 	 	 	provided that in respect of the events under (b) and (c) above, the Consultant has given the
Employer 14 days’ written notice of and the Employer has not remedied, such default within
the said 14 day period.

	9.	 	DELIVERY OF DOCUMENTS
	 
	9.1	 	The Consultant shall, on completion of the Services or upon any earlier termination of this
Agreement, forthwith deliver up to the Employer all correspondence, documents, papers and
property belonging to the Employer and all copies thereof which may be in its possession or
under its control.
	 
	10.	 	MISCELLANEOUS
	 
	10.1	 	Whole Agreement

	 	(a)	 	Each party acknowledges that this Agreement contains the whole agreement
between the parties and that it has not relied on any oral or written representation
made to it by the other or its employees or its agents and has made independent
investigation into all matters relevant to it.
	 
	 	(b)	 	For the avoidance of doubts, Schedule 1 (which includes its Attachments)
shall form part of this Agreement. In case of inconsistency between this Agreement
and Schedule 1, Schedule 1 shall prevail.

	10.2	 	Prior Agreements
	 
	 	 	This Agreement supersedes any prior agreements between the parties
whether written or oral in relation to the subject matter of this
Agreement and any such prior agreements shall be deemed to be
cancelled as at the date of the Agreement.
	 
	10.3	 	Assignment
	 
	 	 	Neither party may assign or transfer any of its rights or obligations
under this Agreement without the other’s prior written consent which
shall not be unreasonably withheld or delayed.
	 
	10.4	 	Notices
	 
	 	 	Any notice to be served on either of the parties by the other shall
be sent to such address in Hong Kong as may be notified to the other
party expressly for the purpose of service of documents. Service of
documents shall be by pre-paid registered post or by facsimile and shall be deemed to have been received by the addressee within 3 clear
days of posting or within 8 hours if sent by facsimile to the correct facsimile number of
the addressee.

-6/8-

 

	11.	 	PROPER LAW AND JURISDICTION
	 
	11.1	 	This Agreement and all disputes and difference arising hereunder shall be governed by the
laws for the time being in force in the Hong Kong Special Administrative Region and the
parties hereto hereby submit to the non-exclusive jurisdiction of the courts of the Hong Kong
Special Administrative Region.
	 
	12.	 	WAIVER
	 
	12.1	 	The failure by either party to enforce at any time or for any period any one or more of the
terms or conditions of this Agreement shall not be a waiver by them of the right at any time
subsequently to enforce all terms and conditions of this Agreement.
	 
	13.	 	COSTS
	 
	13.1	 	Each of the parties shall pay any costs and expenses incurred by it in connection with this
Agreement.

-7/8-

 

This Agreement has been duly entered into by the parties the day and year above written.

	 	 	 	 	 	 	 
	 
	Signed by

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	ZASTRON PRECISION -

	 	 	)	 	 	 
	TECH LIMITED

	 	 	)	 	 	 
	 
	 	 	 	 	 	 
	Signed by

	 	 	)	 	 	 
	for and on behalf of

	 	 	)	 	 	 
	HONG KONG PRODUCTIVITY

	 	 	)	 	 	 
	COUNCIL

	 	 	)	 	 	 

-8/8-

 

SCHEDULE 1

TOTAL ERP SOLUTION SERVICE PROPOSALexv4w18

 

Exhibit 4.18

OUR REF: AOC-CMB-SZN (FZ) (070529).AP

CONFIDENTIAL

			
	 	 	 
	
	 	 
	Namtai Electronic (Shenzhen) Company Limited	 	 
	Gusu Industrial Estate,	 	 
	Xixiang, Baoan	 	 
	Shenzhen, P.R.C
	 	07 June 2007

Attn: Mr. John Farina / Ms. Connie Sit

Dear Sir and Madam,

Banking Facilities

Customer No. 002-022689

With reference to our recent discussion, we are pleased to advise that we have reviewed your
banking facility and offer a renewal within the following revised limit which will be made
available on the specific terms and conditions outlined herein and upon the satisfactory completion
of security detailed below. Notwithstanding anything to the contrary in this facility letter, this
facility is also subject to our overriding right of suspension, withdrawal and repayment on demand
at any time, and to review at any time, and in any event, by 31 May 2008.

Borrower:

 (“Namtai Electronic (Shenzhen) Company Limited”)

Lender:

HSBC Bank (China) Company Limited Shenzhen Branch

 

 

			
	Namtai Electronic (Shenzhen) Company Limited
	 	7 June 2007
	 

Facility/ Amount

	 	 	 	 	 	 	 	 	 
	 	 	New	 	 	Previous	 
	Tranche I Import Facilities
	 	USD5,000,000.-	 	USD3,000,000.-
	 
	 	 	 	 	 	 	 	 
	Documentary Credits to your Suppliers and
Import Loan Facilities in either USD or
Foreign Currency (HKD or JPY) for up to 90
days, less any usance/ Credit periods granted
by your suppliers.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	within which
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Goods under your control and/or Trust Receipts.
	 	(USD5,000,000.-)	 	(USD3,000,000.-)

Term:

The “Term” here refers to the term during which this facility is available for drawing. The Term
of this facility is up to (and including) 31May2008, subject to annual review and renewal.

Interest

Interest rate on import loan continues to be charged at 0.55% per annum over 1, 2 or 3 months
Hong Kong/Singapore/London Interbank Money Market Offer Rate and payable in arrears.

Commission:

Documentary Credits opening commission for each validity of three months or part thereof
(minUSD24.00) to be revised and charged as below and payable in full at the time of issuance of all
DCs.

	 	 	 	 	 	 	 	 	 
	 	 	New	 	Previous
	For DC amount below USD100k or its equivalent
	 	 	0.10	%	 	 	0.12	%
	For DC amount between USD100k (USD100k inclusive) and USD250k or its equivalent 
	 	 	0.08	%	 	 	0.10	%
	For DC amount between USD250k (USD250k inclusive) and USD400k or its equivalent 
	 	 	0.06	%	 	 	0.08	%
	For DC amount above USD400k (USD400k inclusive) or its equivalent
	 	 	0.04	%	 	 	0.06	%

Default Interest:

Please note that interest will be payable on sums which are overdue or overlimit (as well as
amounts demanded and not paid) or (in respect of loan amount) used for purposes other than the
purpose of loan stated in this letter in respect of all or any of the facility and such interest
will be charged by the Lender as hereunder.

Overdue or overlimit sums: Default interest is charged at the stipulated interest rate marked up by
3%.

Loan amount used for purposes other than stated in this letter: Default interest is charged at the
stipulated interest rate marked up by 5%.

For avoidance of doubt, the impost of default interest as mentioned above shall not be deemed as
the Lender’s

 

 

			
	Namtai Electronic (Shenzhen) Company Limited
	 	7 June 2007
	 

acknowledgement or acceptance of any such default event as mentioned above and shall be without
prejudice to any rights of the Lender as described in the first paragraph of this facility letter.

Prepayment:

With the Lender’s prior approval (which will not be withheld, provided that the Lender is satisfied
that the funds utilized are generated from Borrower’s internal resources out of cash flow rather
than from external refinancing), during an interest period the total amount of a drawing may, with
5 working days advance notice to the Lender, be repaid subject to the usual penalties (i.e. the
differential between the return the Lender would have received had the loan run to maturity and the
return the Lender is able to obtain by the placing of the funds repaid for the remainder of the
period in the market). Each prepayment should be in a minimum of USD400,000.- (or, if the relevant
drawing is made in any other currency, the equivalent amount in such other currency) and in an
integral multiple of USD200,000.- (or, if the relevant drawing is made in any other currency, the
equivalent amount in such other currency).

Security

As security, we continue to hold the Corporate Guarantee for USD3,000,000.- from Nam Tai Electronic
& Electrical Products Limited dated 01 August 2006 together with a certified copy of Board
Resolution dated 01 August 2006.

For the revised facility, we shall require Corporate Guarantee for USD5,000,000.- from Nam Tai
Electronic & Electrical Products Limited, to be supported by board resolution. Existing Corporate
Guarantee dated 01 August 2006 shall be returned to you upon the receipt of the new one.

The security provider’s internal authorization document (such as shareholders’ resolution, board
resolution) approving (or authorizing others to approve) the provision of the Security and
authorizing representative(s) to accept and sign the terms, conditions and documents in connection
with the Security in strict compliance with its articles of association and the PRC Company Law (or
equivalent or similar law if the security provider is a foreign entity) has been duly made and
submitted to the Lender.

The Borrower undertakes that:

	(i)	 	upon the realisation of any foreign guarantee/security in respect of this facility, it shall
conduct foreign debt registration with the local State Administration of Foreign Exchange
(“SAFE”) in a timely manner but in no event later than 15 days after realisation of such
foreign guarantee/security;

	(ii)	 	to procure the successful registration with SAFE as mentioned in the foregoing item (i), the
Borrower shall ensure that it has sufficient borrowing gap at the time of the registration of
the realised foreign guarantee/security;

	(iii)	 	throughout the term of the facility and as long as the facility is existing or any
indebtedness under the facility is outstanding, the Borrower shall keep the Lender informed of
the amount of its borrowing gap (calculated as the balance of (i) its approved total
investment amount less (ii) its registered capital) and shall forthwith advise the Lender of
any change in the borrowing gap; and

	(iv)	 	the Borrower shall take all necessary measures to ensure that all the indebtedness owed to
the Lender under this facility be fully settled in the same currency as that of such
indebtedness.

 

 

			
	Namtai Electronic (Shenzhen) Company Limited
	 	7 June 2007
	 

Conditions Precedent:

	1)	 	The Borrower shall present to the Lender a valid Borrowing Card issued by the People’s Bank
of China.

	2)	 	Certified true copies of all government approvals and certificates in relation to the
establishment of the Borrower shall be submitted to the Lender.

	3)	 	The Borrower has provided its internal authorization document (such as shareholders’
resolution, board resolution) approving (or authorizing others to approve) the facilities
hereunder and authorizing representative(s) to accept and sign the terms, conditions and
documents in connection with the facilities hereunder in strict compliance with its articles
of association and the PRC Company Law (or equivalent or similar law if the Borrower is a
foreign entity).

	4)	 	In the event that the Lender’s making available any facility hereunder is subject to
regulatory approval or the completion of other procedures with the regulator(s), the
acquisition of such regulatory approval and the completion of such procedures with
regulator(s).

	5)	 	The Lender is satisfied that all the security(ies) stated in the “Security” item above (if
any) has/have been established and is/are valid and enforceable. The security provider’s
internal authorization document (such as shareholders’ resolution, board resolution)
approving (or authorizing others to approve) the provision of the Security and authorizing
representative(s) to accept and sign the terms, conditions and documents in connection with
the Security in strict compliance with its articles of association and the PRC Company Law
(or equivalent or similar law if the security provider is a foreign entity) has been duly
made and submitted to the Lender.

	6)	 	The appendix to the facility letter, which relates to the Lender’s storage and processing of
customer’s            information shall form an integral part of the facility letter and be
binding on the Borrower.

Other Conditions:

	1)	 	Without prejudice to any security or other priority right to which the Lender is entitled (if
any), this facility shall rank at least pari-passu with all present and future borrowings of
the Borrower. The Borrower undertakes to advise the Lender in advance of any future
borrowings.

	2)	 	The Borrower should not create or attempt to create or permit to subsist any mortgage,
debenture, charge, pledge, lien or other encumbrance upon, or permit any lien or other
encumbrance (save a lien arising by operation of law in the ordinary course of trading) on the
whole or any part of present or future assets of the Borrower without Lender’s prior written
consent..

	3)	 	Audited yearly financial statements of the Borrower and the Guarantor to be prepared by
qualified accountants shall be provided to the Lender whenever available but in any event no
later than 120 days from the financial year-ends.

	4)	 	Other financial or operational information of the Borrower as from time to time reasonably
requested by the Lender.

	5)	 	We may, at our sole and absolute discretion, refuse to allow drawings under the facilities if
the transaction in question does not meet our operational requirements in respect of these
facilities

 

 

			
	Namtai Electronic (Shenzhen) Company Limited
	 	7 June 2007
	 

Termination Event

The Borrower undertakes to notify the Lender on any change of its shareholder percentage and,
without prejudice to the generality of the Lender’s overriding right of suspension, withdrawal and
repayment on demand at any time, the Lender shall have the right to terminate and withdraw the
Facility if Nam Tai Electronic & Electrical Products Limited’s beneficial interest in the Borrower
is reduced to below 50%.

Expenses:

All out-of-pocket expenses including but not limited to the PRC stamp duty and the legal fees in
relation to the preparation, negotiation, execution and enforcement of this facility shall be borne
by the Borrower.

Taxation and Deduction:

All payments of principal, interest, fees and other expenses shall be made by the Borrower free
and clear of taxes, levies, imposts, duties, charges or withholding of whatsoever nature.

Assignment:

Without prejudice to any right of assignment enjoyed by the Lender pursuant to law or any contract,
the Lender may, without any party’s consent, assign any and/or all of its rights and obligations
hereunder to any HSBC Group member(s) that are/is more than 50% owned or controlled by HSBC Group
or any of the Lender’s sub-branch(es) (if any).

Governing Laws:

This letter shall be governed by and construed in accordance with the laws of the People’s Republic
of China.

Jurisdiction:

The Borrower submits to the jurisdiction of the PRC court at the principal office of the Lender.
Nothing in this Clause limits the right of the Lender to bring proceedings against the Borrower in
connection with this facility in any other court of any competent jurisdiction.

(i) Section 83 of the HK Banking Ordinance and (ii) the CBRC Administration Rules on the
Connected Transactions of Commercial Banks with Insiders and Shareholders (the “CBRC Rules on
Connected Transactions”):

Please note that Section 83 of the Banking Ordinance and the CBRC Rules on Connected Transactions
have imposed on us as a bank certain limitations on advances to persons related to our directors or
employees or advances that are of the “connected transaction” nature. In acknowledging this
Facility Letter you should advise us whether you are in any way related to any of our directors or
employees within the meaning of Section 83 or otherwise are a “connected party” defined in the CBRC
Rules on Connected Transactions and in the absence of such advice we will assume that you are not
so related. We would also ask, should you become so related subsequent to acknowledging this
Facility Letter, that you immediately advise us in writing.

 

 

			
	Namtai Electronic (Shenzhen) Company Limited
	 	7 June 2007
	 

We may provide any information relating to any of your accounts with us and any facilities we may
provide to you from time to time or their conduct or any other information concerning your
relationship with us to any other company or office which at the relevant time belongs to or is
part of the HSBC Group.

The facility offer will remain open for acceptance until the close of business on 07July2007 and if
not accepted by that date will be deemed to have lapsed (unless otherwise agreed by us in writing).

We shall be grateful if you could arrange for the authorized signatory(ies) of your company in
accordance with the terms of the shareholders’ resolution or board resolution (as the case may be)
to be given to us, to sign and return to us the duplicate copy of this letter to signify your
understanding and acceptance of the terms and conditions under which the facility is granted.

We are pleased to be of continued assistance.

For and on behalf of

HSBC Bank (China) Company Limited, Shenzhen Branch

	 	 	 	 	 	 	 
	 

Faye Zhou

	 	 
	 	 

Sunny Poon
	 	 
	Vice President

	 	 	 	Senior Vice President & Division Head	 	 
	Commercial Banking

	 	 	 	Commercial Banking	 	 
	/ap 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Bcc: HSBC SZN Credit Operation
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Accepted by

Namtai Electronic (Shenzhen) Company Limited	 	 
	 
	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 
	 

	 	 	 	(Authorized signature and chop)	 	 

 

 

			
	Namtai Electronic (Shenzhen) Company Limited
	 	7 June 2007
	 

Appendix

To make you better understand the Bank’s policy in respect of its storage and processing of any
information supplied by the potential or actual customers and/or other related individuals and
entities, the Bank makes the following statements:

	(a)	 	in connection with any proposed or existing transaction between you and the Bank, the Bank
may request you to supply (or arrange to supply) the Bank with information relating to
yourself(ves), your directors, shareholders or other officers, as well as proposed or actual
guarantors or security providers (if any) (the “Information”);

	(b)	 	such Information may be used by the Bank for the purpose of conducting credit and other
checks on you, evaluating any proposed, existing or past transaction between you and the Bank,
formulating an offer for any such proposed or existing transaction or for any other purpose
relating to any such transaction, and/or for the purpose of promoting, improving and
furthering the provision of other financial services by the Bank and any other member of the
HSBC Group to you generally, and/or for any other purpose as in accordance with the Bank’s
general policy on disclosure of information as may be notified to you from time to time;

	(c)	 	such Information will be kept confidential but the Bank may provide such Information to any
of the following parties for the purposes set out above (without the need to giving any
further notice to the individuals to whom such Information relates ):

	(i)	 	any agent, contractor or third party service provider (whether situated within or outside the
People’s Republic of China) which provides administrative, telecommunications, computer,
payment, processing or other services to the Bank in connection with the operation of its
business;

	(ii)	 	credit reference agencies;

	(iii)	 	any person to whom the Bank is under an obligation to make disclosure under the requirements
of any applicable laws, regulations, rules or judicial process;

	(iv)	 	any actual or proposed participant or sub-participant of any proposed or existing transaction
between you and the Bank;

	(v)	 	any of the Bank’s officers and employees;

	(d)	 	you shall ensure that all the persons as referred to in (a) above, whose personal or other
data have been included in the Information provided to the Bank, have consented to the
provision of such data to the Bank for such purposes and for disclosure to such persons as
referred to in this letter;

	(e)	 	if you maintain an account/accounts with the Bank, you shall be further subject to any
provisions in those terms and conditions applicable to such account(s) on the Bank’s storage
and processing of the customers’ and other information. These account terms and conditions,
the provisions referred to in this letter as well as any other agreement between you and the
Bank relating to the Bank’s storage and processing of the customers’ and other information
shall supplement, rather than conflict with, each other;

	(f)	 	the Bank may retain any such Information for any time period as it considers necessary or
desirable (whether or not you have ceased to be a customer or potential customer of the Bank),
and all the provisions in this letter shall remain effective during the whole retention period
of such Information.

The above-mentioned explanation is to make you have a better knowledge of the Bank’s data
privacy policies in respect of the information of the customers and other related persons/entities.
In any event, the Bank will remain responsible for ensuring the confidentiality of such
information. The Bank appreciates that you have selected, or are interested in selecting, the
Bank’s service, and we commit to providing you with more and more quality banking products and
services.

Yours sincerely,

 

HSBC Bank (China) Company Limited Shenzhen Branch

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]