Document:

exv10w3

 

Exhibit 10.3

VOTING AGREEMENT

     THIS VOTING AGREEMENT (this “Voting Agreement”) is made and entered into as of March 5, 2008,
between UCBH Holdings, Inc., a Delaware corporation (“Company”), and China Minsheng Banking Corp.,
Ltd. (“Stockholder”).

RECITALS

	A.	 	Company and Stockholder are the parties to an Investment Agreement, dated October 7, 2007
(the “Investment Agreement”), pursuant to which, among other things, (i) Company has agreed to
sell certain common stock of the Company (the “Issued Shares”) to Stockholder, and Stockholder
has agreed to purchase the Issued Shares from Company and (ii) the Stockholder may acquire New
Shares (as defined in Section 1(b)) (such New Shares, together with the Issued Shares, the
“Shares”);
	 
	B.	 	Company and Stockholder are the parties to an Investor’s Rights and Standstill Agreement
dated as of October 7, 2007 (the “Investor’s Rights Agreement”), which provides for, among
other things, certain rights of Stockholder and certain lock-up and standstill restrictions
with respect to common stock purchased by Stockholder pursuant to the Investment Agreement.
	 
	C.	 	Pursuant to the Investors’ Rights Agreement, Company and Stockholder wish to enter into this
Voting Agreement to provide for the voting of the Shares, on the terms and subject to the
conditions set forth in this Voting Agreement.

AGREEMENT

     In consideration of the above recitals and the promises set forth in this Voting Agreement,
the parties agree as follows:

	1.	 	Shares. Stockholder agrees that the terms and conditions of this Voting Agreement shall apply
to, and Stockholder agrees to be bound by the terms and conditions of this Voting Agreement
with respect to Stockholder’s interest in (a) the Issued Shares; and (b) any and all shares of
capital stock of Company that (i) Stockholder purchases or acquires, or (ii) with respect to
which Stockholder otherwise acquires beneficial ownership (the latter to the fullest extent
within the control of the Stockholder) after the date first written above and prior to the
termination of this Voting Agreement pursuant to Section 6 (“New Shares”). Stockholder shall
retain and shall not transfer or allow the transfer by operation of law of any interest in its
voting rights in the Shares.
	 
	2.	 	Agreement to Vote Shares. At every meeting of the stockholders of Company (or holders of any
series or class of stock of Company) and on every action or approval by written consent of the
stockholders of Company (or holders of any series or class of stock of Company) if such
written consent is permitted by Company’s certificate of incorporation or bylaws, Stockholder
agrees to vote the Shares (a) in favor of persons nominated and recommended by the board of
directors of Company (the “Board”) as directors of the Board, including without limiting the
generality of the foregoing persons designated by Stockholder for nomination by the Board
pursuant to the Investor’s Rights Agreement, (b) against any person nominated for election as
a director by any other

1

 

	 	 	person, except for persons designated by Stockholder for nomination by the Board pursuant to
the Investor’s Rights Agreement, and (c) as otherwise directed by the Board (including,
without limiting the generality of the foregoing, with respect to any shareholder proposal
or proxy solicitation relating directly or indirectly to any change in control over the
Company), so long as such vote (i) is not adverse to Stockholder’s rights under the Investor
Rights Agreement or the Investment Agreement, (ii) is not adverse to Stockholder’s rights as
a stockholder of Issuer or (iii) does not have a disproportionately adverse impact on its
interests.
	 
	3.	 	Stockholder Proposals and Proxy Contests Involving Control. Except as agreed in writing by
the Board, Stockholder shall not initiate or in any way participate in (i) any shareholder
proposal or (ii) any proxy solicitation, relating directly or indirectly to any change of
control (as defined in Section 1.1(i) of the Investor’s Rights Agreement) over the Company.
	 
	4.	 	Legend on Stock Certificate. Each certificate representing any Shares shall for as long as
this Voting Agreement is effective bear a legend reading substantially as follows:

“THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT (A COPY OF SUCH MAY
BE OBTAINED UPON WRITTEN REQUEST FROM THE COMPANY), AND BY ACCEPTING ANY INTEREST IN
SUCH SHARES THE PERSON ACCEPTING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL
BECOME BOUND BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT.”

	5.	 	Representations and Warranties of Stockholder. Stockholder represents and warrants to
Company as follows:

	 	5.1	 	Stockholder is the sole beneficial and record owner and holder of the Issued
Shares and will be the sole and beneficial owner of any New Shares, if acquired after
the date hereof, at the date of this Voting Agreement and at all times through the
Expiration Date, and the Shares will be free and clear of any third party voting rights
of any nature.
	 
	 	5.2	 	Stockholder has full power, authority and legal capacity to make, enter into
and carry out the terms of this Voting Agreement and has duly executed and delivered
this Voting Agreement. This Voting Agreement constitutes a valid and binding obligation
of Stockholder.
	 
	 	5.3	 	Stockholder represents that Stockholder beneficially owns the number of shares
indicated on Schedule 1 attached hereto, and has sole and unrestricted voting
power with respect to such Shares.

	6.	 	Termination. This Voting Agreement will terminate and will have no further force or effect as
of the earliest of (i) the date upon which the Stockholder no longer Beneficially Owns (as
defined in the Investment Agreement) any Shares, (ii) the expiry of the Standstill Period (as
defined in the Investor’s Rights Agreement), whether before or after the termination of the
Investment Agreement or the Investor’s Rights Agreement, or (iii) termination of the
Investment Agreement by Stockholder pursuant to Sections 7.01(c) or (d) thereof.

2

 

	7.	 	No Liability for Votes Made. Stockholder acknowledges and agrees that Company and its
respective directors and officers shall not be liable to Stockholder with respect to or in
connection with any and all voting decision(s) made during the term of this Voting Agreement.
	 
	8.	 	Miscellaneous.

	 	8.1	 	Severability. If any term, provision, covenant or restriction of this Voting
Agreement is held by a court of competent jurisdiction to be invalid, void or
unenforceable, then the remainder of the terms, provisions, covenants and restrictions
of this Voting Agreement will remain in full force and effect and will in no way be
affected, impaired or invalidated.
	 
	 	8.2	 	Binding Effect and Assignment. This Voting Agreement and all of the provisions
hereof will be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. Neither this Voting Agreement nor any of
the rights, interests or obligations of the parties hereto may be assigned by either of
the parties without prior written consent of the other, except that the parties may
assign their respective rights and obligations under this Voting Agreement to an
affiliate of such party without the written consent of the other party.
	 
	 	8.3	 	Amendments and Modification. This Voting Agreement may not be modified,
amended, altered or supplemented except upon the execution and delivery of a written
agreement executed by the parties to this Voting Agreement.
	 
	 	8.4	 	Specific Performance; Injunctive Relief. Stockholder acknowledges that Company
will be irreparably harmed and that there will be no adequate remedy at law for a
violation of any of the covenants or agreements of Stockholder contained in this Voting
Agreement. Therefore, it is agreed that, in addition to any other remedies that may be
available to Company upon any such violation, notwithstanding anything to the contrary,
Company will have the right to enforce such covenants and agreements by specific
performance, injunctive relief or by any other means available at law or in equity, and
for that purpose Stockholder irrevocably submits to the non-exclusive jurisdiction of
the state and federal courts located in San Francisco, California USA and irrevocably
waives any objection to venue (including hereby waiving any argument of forum non
conveniens or principles of similar effect) in such courts.
	 
	 	8.5	 	Governing Law. This Voting Agreement will be governed by, construed and
enforced in accordance with, the internal laws of the State of California as such laws
are applied to contracts entered into and to be performed entirely within the State of
California. Any dispute arising out of or relating to this Voting Agreement shall be
resolved in the manner set forth in Section 8.07 of the Investment Agreement.
Accordingly, the parties hereto agree that this Section 8.5 shall be governed by and
interpreted in accordance with the Federal Arbitration Act of the United States, 9
U.S.C. §§ 1 et seq. Any dispute, claim, controversy or difference regarding the
interpretation or validity or performance of, or otherwise arising out of or relating
to, this Voting Agreement (“Dispute”), shall be finally and conclusively decided by
binding arbitration in accordance with the Rules of

3

 

	 	 	 	Arbitration of the International Chamber of Commerce (“ICC”) by an Arbitral Tribunal
consisting of three arbitrators appointed in accordance with those Rules. The
language of the arbitration shall be English and Mandarin Chinese. The venue for the
hearings of the arbitration shall be Hong Kong. The parties shall bear in equal shares any fees and expenses of the Arbitral Tribunal and of the ICC; provided that
the Arbitral Tribunal shall have the authority to award, as part of the Arbitral
Tribunal’s decision, to the prevailing party its costs and expenses of the
arbitration proceeding, including reasonable attorneys’ and experts’ fees. The
Arbitral Tribunal shall render its award based on the explicit terms of this Voting
Agreement; and in instances where it is silent, on the basis of strict principles
consistent with the terms of this Voting Agreement. The Arbitral Tribunal shall be
bound by strict rules of law in making its decision, and may not pronounce judgment
on equitable principles or the basis of ex aqueo et bono. The Arbitral Tribunal
shall have the authority to include in its award a decision binding upon the parties
enjoining them to take or refrain from taking specific action with respect to the
Dispute or declaring their rights, responsibilities and liabilities as to the
Dispute. The Arbitral Tribunal shall state the reasons for its decision in writing
in the award it issues. Judgment on the award rendered by the Arbitral Tribunal may
be entered by any court having jurisdiction. Each of the parties hereby irrevocably
submits to the personal jurisdiction of, and irrevocably waives objection to the
laying of venue (including a waiver of any argument of forum non conveniens or other
principles of like effect) in, the state and federal courts located in San
Francisco, California, USA and/or the courts of Hong Kong, for the purposes of any
action commenced in aid of an arbitration hereunder, or for entry of judgment upon
the Arbitral Tribunal’s award. Each of the parties consents that all service of
process may be made by delivery of the summons and complaint by certified or
registered mail, return receipt requested, or by messenger, directed to it at its
address for notices set forth in Section 8.11 hereof, and that service so made shall
be deemed to have been made as of the date of the receipt indicated in the
certification, signed and returned postal receipt, or other proof of service
applicable to the method of service employed.
	 
	 	8.6	 	Entire Agreement. This Voting Agreement contains the entire understanding of
the parties in respect of the subject matter hereof, and supersede all prior
negotiations and understandings between the parties with respect to such subject
matter.
	 
	 	8.7	 	Counterparts. This Voting Agreement may be executed in several counterparts
(including by facsimile), each of which will be an original, but all of which together
will constitute one and the same agreement.
	 
	 	8.8	 	Effect of Headings. The section headings contained in this Voting Agreement are
for convenience only and will not affect the construction or interpretation of this
Voting Agreement.
	 
	 	8.9	 	Delays or Omissions. No waiver by either party of any right, power, default,
misrepresentation or breach under this Voting Agreement, whether intentional or not,
will be deemed to extend to any prior or subsequent right, power, default,
misrepresentation or breach under this Voting Agreement. Any waiver, permit,

4

 

	 	 	 	consent or approval of any kind or character on the part of either party of any
breach or default under this Voting Agreement, or any waiver on the part of either
party of any provisions or conditions of this Voting Agreement, must be in writing
and will be effective only to the extent specifically set forth in such writing.
	 
	 	8.10	 	Enforcement Fees and Costs. In the event legal action is taken or commenced by
Company against Stockholder for the enforcement of any of the covenants, terms or
conditions of this Voting Agreement, the losing party will be liable for all reasonable
attorney’s fees and costs incurred by the prevailing party in connection with such
legal action.
	 
	 	8.11	 	Notices. All notices or other communications required or permitted hereunder
shall be in writing and shall be deemed effectively given: (i) upon personal delivery
to the party to be notified; (ii) when sent by confirmed electronic mail, with
verification of receipt, or facsimile, in either case if sent during normal business
hours of the recipient; if not, then on the next business day; (iii) three days after
having been sent by registered or certified mail, return receipt requested, postage
prepaid; or (iv) one day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All communications
shall be sent to a party at such party’s address set forth on the signature page hereof
or at such other address, electronic or otherwise, as such party shall designate by ten
days’ advance written notice to the other party.
	 
	 	8.12	 	Representation. Stockholder represents and acknowledges that Stockholder has
had the opportunity to seek and obtain the advice of legal counsel with respect to this
Voting Agreement.
	 
	 	8.13	 	Language. The parties confirm and agree that both the English and Chinese
versions of this Voting Agreement shall have the same effect and be controlling in all
respects and that neither is prepared for reference or accommodation purposes.

[THE REMAINDER OF THIS PAGE IS BLANK. SIGNATURE PAGE FOLLOWS.]

5

 

     The parties have executed this Voting Agreement on the date first above written.

	 	 	 	 	 	 	 	 	 	 
	 	UCBH Holdings, Inc.	 	 	 	 
	 	By:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Name:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Title:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Address:
	 	 	 	555 Montgomery Street	 	 	 	 
	 	 
	 	 	 	San Francisco, CA  94111	 	 	 	 
	 	E-mail:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Fax:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	China Minsheng Banking Corp., Ltd.	 	 	 	 
	 	By:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Name:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Title:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Address:
	 	 	 	No. 2 Fuxingmennei Avenue	 	 	 	 
	 	 
	 	 	 	Xicheng District	 	 	 	 
	 	 
	 	 	 	Beijing, 100031 China	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	E-mail:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Fax:exv10w35

 

Exhibit 10.35

CONSULTING AGREEMENT

     This Consulting Agreement (the “Agreement”) is made and entered into this 5th day
of April, 2006, by and between THOMAS HARDY (hereinafter referred to as “Hardy”) and GOLFSMITH
INTERNATIONAL, INC., a Delaware corporation (hereinafter referred to as “Golfsmith”).

RECITALS

     WHEREAS, Golfsmith and Hardy desire to enter into this Consulting Agreement (the “Consulting
Agreement”) whereby Hardy will provide services to Golfsmith as an independent contractor.

     NOW, THEREFORE, in consideration of the promises, covenants and conditions contained herein,
the parties agree as follows:

	 	1.	 	Confidential Information. The term “Confidential Information” shall mean
Golfsmith products, processes and programs and any and all knowledge and information
regarding Golfsmith products, processes and programs which Hardy acquires in any way
while on Golfsmith’s premises, from Golfsmith or from any Golfsmith employee, agent or
representative. Confidential information shall include, but shall not be limited to,
all such information concerning the business or affairs of Golfsmith or its affiliates
or clients, all client lists, financial information, business or trade secrets,
discussion guides, techniques, reports, research, all written and oral communications
regarding Golfsmith products, processes and programs and marketing, financial, and
costing information related thereto, whether in the form of lists, memoranda, letters,
transcripts, sound or video recordings, computer software, printed materials, or other
information storage or recording media.
	 
	 	2.	 	Relationship. As used in this Agreement, the term Hardy means an
independent contractor. The parties intend by this Agreement to effect a relationship
of principal and independent contractor. The parties do not intend to create any other
relationship between the parties hereto. Hardy is not an agent or partner of Golfsmith,
nor is the relationship between Golfsmith and Hardy to be considered a joint venture or
any other legal relationship than that specified above.
	 
	 	3.	 	Consultation Services. Golfsmith hereby employs Hardy to perform the
following services in accordance with the terms and conditions set forth in this
Agreement. Hardy will provide general consulting services to management at such times
and places as Golfsmith may reasonably request.
	 
	 	 	 	Hardy agrees to perform all services, hereunder, using reasonable skill and judgment in
accordance with sound business and professional standards. Hardy agrees to keep
Golfsmith and Golfsmith thoroughly informed of his progress through periodic reports, and
to maintain accurate records relating to his services in connection with this project.
	 
	 	4.	 	Additional or Special Services. Additional or special services, which
are outside the scope of basic services as above described, as jointly agreed between
Golfsmith and Hardy in writing, shall be performed by Hardy upon authorization from
Golfsmith and paid for as hereinafter provided.
	 
	 	5.	 	Responsibilities of Golfsmith. Golfsmith shall provide and make
available to Hardy, for his use, all information within its knowledge and possession
relative to the services to be furnished hereunder. Data so furnished to Hardy shall be
confidential information under this Agreement, and remain the property of Golfsmith.
Hardy will be return such information upon completion of his services.
	 
	 	6.	 	Payment to Hardy. Golfsmith agrees to compensate Hardy in accordance
with the following schedule, and the Terms and Conditions of this Agreement:
	 
	 	 	 	Golfsmith shall pay Hardy the sum of TWENTY FIVE THOUSAND DOLLARS ($25,000.00), within
thirty (30) days of completion of consultation services described in paragraph 3 above.
	 
	 	7.	 	Waiver, Release and Indemnification. Hardy further agrees to forever
waive and claims and release Golfsmith from any

 

	 	 	 	liability for services provided by Hardy to Golfsmith.
	 
	 	8.	 	Obligation of Confidence. The parties hereto acknowledge that in
furtherance of the purposes of this Agreement, Hardy may have access to certain
knowledge and information which is used and/or developed by Golfsmith in connection with
its business, which is considered by Golfsmith to be proprietary, and which has been
developed and/or acquired by Golfsmith through considerable investment of time, money
and/or effort.

	 	a.	 	Hardy acknowledges that the Confidential Information made available
to Hardy under this Agreement is owned and shall continue to be owned solely by
Golfsmith. Hardy agrees not to divulge any such Confidential Information to any
individual or entity without Golfsmith’s express written consent.
	 
	 	b.	 	Under no circumstances shall Hardy remove from Golfsmith’s place of
business any of Golfsmith’s books, records, documents, audio/visual cassettes, or
any copies of such documents, without the express written permission of
Golfsmith; nor shall Hardy make any copies of such books, records, audio/visual
cassettes, or documents for use outside of Golfsmith’s place of business except
as specifically authorized in writing by Golfsmith.
	 
	 	c.	 	Hardy will use the confidential information supplied hereunder only
for the purposes set forth in this Agreement and shall make no other use of such
confidential information without the prior written consent of Golfsmith.
	 
	 	d.	 	Prior to disclosing any confidential information received hereunder
to its employees, representatives or agents, Hardy will commit to secrecy any
such persons to whom the information is disclosed.
	 
	 	e.	 	Hardy shall have no obligation of confidence with respect to
information which becomes public knowledge through no fault of Hardy, or
information which, at the time of its disclosure to Hardy hereunder, was then
known to, or in the possession of Hardy, as evidenced by written documents which
existed before Hardy acquired such information hereunder, or information which,
after its disclosure hereunder, is disclosed to Hardy by a third party who
obtained such information without any obligation of confidence.

	 	9.	 	Term and Termination. This Agreement shall commence on the date of this
Agreement and shall terminate on December 31, 2006, unless terminated at an earlier date
as herein provided.

	 	a.	 	Within two (2) weeks following termination of this Agreement for
any reason, Hardy shall furnish Golfsmith with written notice specifying that
through reasonable care and to the best of Hardy’s knowledge, all Confidential
Information has been returned to Golfsmith, including all originals and all
copies of any documentation containing any portion of Golfsmith’s Confidential
Information.
	 
	 	b.	 	The termination of this Agreement shall not affect any of the
rights or obligations of either party arising prior to or at the time of the
termination of this Agreement, or which may arise by any event causing the
termination.

	 	10.	 	Indemnification. Hardy agrees to indemnify and hold Golfsmith harmless
from all claims, suits, actions, costs, counsel fees, expenses, damages, judgments or
decrees by reason of any negligence or misrepresentation on the part of Hardy or any
employee or agent of Hardy.
	 
	 	11.	 	Miscellaneous Provisions. Hardy represents and agrees that he fully
understands his right to discuss all aspects of this Agreement with his private
attorney; that he has availed himself of that right to the extent he desires to do so,
if at all; that he has carefully read and fully understands all of the provisions of
this Agreement; and that he is entering into this Agreement voluntarily.

     Hardy represents and agrees that in executing this Agreement he does not rely and has not
relied upon any representation or statement, oral, or written, not set forth herein made by
Golfsmith or any of Golfsmith’s agents or representatives, with regard to the subject matter, basis
or effect of this Agreement or otherwise.

     The invalidity or unenforceability of any term or provision of this Agreement shall not affect
the validity or enforceability of any

 

other term or provision of this Agreement, which shall remain
in full force and effect.

     This Agreement shall be construed and interpreted in accordance with the laws of the State of
Texas and that jurisdiction and
venue is proper in the Austin, Texas.

     All covenants and agreements contained herein shall inure to the benefit of the parties hereto
and their respective successors and assigns.  This Agreement may not be assigned by either party
hereto without the prior written consent of the non-assigning party.

     No modification, amendment or waiver of this Agreement shall be effective unless approved in
writing by both parties hereto.

     In the event of any action at law or equity between the parties hereto arising out of this
Agreement, the unsuccessful party covenants and agrees to pay to the successful party all costs and
expenses thereof, including reasonable attorney’s fees and court costs (and regardless of whether
suit is commenced).

     This Agreement constitutes the entire agreement between the parties hereto, and fully
supersede any and all prior agreements or understandings, oral or written, between the parties
hereto pertaining to the subject matter hereof.

     EXECUTED and made effective the date above written.

	 	 	 	 	 
	 

	 	Golfsmith International, Inc.	 	 
	 
	 	 	 	 
	 

	 	/s/ Noel Wilens	 	 
	 
	 	 	 	 
	 

	 	 

Noel Wilens
	 	 
	 
	 	 	 	 
	 

	 	/s/ Thomas Hardy	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	Thomas Hardy

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"}]]