Document:

EX-4.18

 Exhibit 4.18 
 ABC (2009) 3048 – 1 
 Import Paying Service Financing Contract

 

 Agricultural Bank of China 

 ABC (2009) 3048 – 1 
 Import Paying Service Financing Contract 
 44061020120000744 

(—) NHDFZ (—) No.          

Dear customers, 
 To safeguard your
rights and interests, please read this Contract terms carefully before signing this Contract (especially for boldface letters), pay close attention to your rights and obligations. If you have any question, please consult with the responsible bank.

 Party A (full name): Dongguan Lite Array Co., Ltd. 
 Party B (full name): Agricultural Bank of China Limited, Qingxi Sub-branch in Dongguan 
 Due to
business requirements, Party A applies for import payment service financing to Party B, Party B agrees to accept it, to guarantee that the business is proceeding smoothly, the Both Parties shall develop this Contract through consultation in
accordance with relevant national laws and regulations. 
 Article  ̈. Import paying service
financing in this Contract is that Party B as well as its paying agent provides a kind of short-term financing under import trade items for Party A. In accordance with the application of Party A, Party B shall choose a paying agent and issue command
to the paying agent, the paying agent shall pay for the goods on behalf of Party A, on the agreed financing due date, Party A shall return the principal and interest for financing to Party B, and Party B shall return it back to the paying agent.

 Article  ̈. Content of import paying service financing 

1. The term, currency, amount, interest rate of import paying service financing shall be subject to the records in the Import Paying Service
Financing Notice. Party A hereby shall agree that Party B has the rights to determine a reasonable rate and penalty in accordance with Party A’s relevant regulations, internal rules as well as the agreement Party A and the paying
agent, and shall agree that the interest rate regulated in the Import Paying Service Financing Notice is appropriate for the financing under this Contract. 
 2. Party B or its higher bank shall issue the payment indication to make external payments in accordance with the payment date and remittance method designated by Party A as well as international common
practice. In case the payment date designated by Party A is not a working day for bank at home / abroad, or payment may not be performed on the payment date designated by Party A due to force majeure, the payment may be postponed, Party B shall not
undertake any responsibility for this. 

 Article  ̈. In case the following conditions are not
satisfied, Party B shall have the rights to refuse to provide the financing under this Contract. 
 1. Party A creates general account at
the site of Party B (hereinafter referred to as “Party A Account”). 
 2. The competent authority of Party A applies for the loading
certificate materials and under this Contract as well as the Letter of Attorney which is used for authorizing someone to sign. 
 3. When
handling the single business, Party A has already provided Import Paying Service Financing Application and other relevant materials requested by Party B, which has been accepted by Party B. 

4. Party A has provided the Letter of Credit, relevant documents about collection and remittance in accordance with the requirements of Party B, and
handled approval, registration and other procedures about the financing under this Contract. 
 5. In case the guarantee is set for the
financing under this Contract, it shall guarantee that the Contract is signed and effective. In case the mortgage and pledge guarantee is set for the financing under this Contract, relevant mortgage and pledge contracts shall be signed and
effective, mortgage and pledge registration procedures shall be handled in accordance with relevant laws and regulations as well as the requirements of Party B, also, all insurances shall be bought for relevant mortgage and pledge in accordance with
relevant laws and regulations for mortgage and pledge as well as the requirements of Party B, and the guarantee and insurances shall be effective continuously. 
 Article  ̈. Repayment source and repayment method 

1. Payment for imported goods under this Contact shall be firstly used to pay off the principal and interest for financing and relevant expenses under
this Contract. In case the payment for goods may not enough for paying off, Party A shall collect funds separately to pay it off on schedule. 

2. In case Party B collects in accordance with this Contract or collects the principal and interest for financing in advance due to the change of
national policy, law, credit policy and so on, Party A shall agree Party B to deduct it from Party A Account, if necessary, Party B shall apply for other financing organizations to collect it. 

Article  ̈. Rights and obligations of Party A 
 1. Shall have the rights to apply for and use import paying service financing funds. 
 2. Shall
handle the law and administrative procedures for performing this Contract. 
 3. Shall provide import contract as well as goods sales conditions
and other related materials under import paying service financing in accordance with the requirements of Party B. 
 4. RMB and foreign currency
settlement business under import paying service financing shall be handled through the account created by Party A at the site of Party B. 
 5.
From placing order to payment / acceptance date under Letter of Credit, in case Party A doesn’t provide import paying service financing procedures to Party B, it shall not affect the obligation that Party A makes payment / acceptance and pays
off funds paid by Party B in advance. 
 6. When Party A learns about that the following events occur or the following events may occur, Party A
shall inform Party B in written after learning about it and put the debt guarantee recognized by Party B into practice: 
 (1) Stock rights
change, high layer personnel change, memorandum of association change and organization structure regulation. 

 (2) Stop production, out of business, cancellation of registration, cancellation of license or petition for
bankruptcy. 
 (3) Financial situation deterioration, serious difficulties in production and business or major lawsuit, arbitration events.

 (4) Change name, address, legal representative, contact method and other items. 
 (5) Other items which may have an adverse effect on the creditor’s rights of Party B. 
 7. In
case Party A performs the following behaviors, it shall be agreed by Party B and shall provide the guarantee measures recognized by Party B for paying off loading principal and interest under this Contract. 

(1) Performing contracting, leasing, joint stock system change, joint operation, merging, acquisition, separation, joint venture, asset transferring,
reducing registered capital, filing for termination of business and making adjustment, filing for dismissing, petition for bankruptcy and other behaviors which cause credit and debt relationship change in this Contract or affect the realization of
creditor’s rights; 
 (2) Providing the guarantee for others debt or mortgage and pledge for the main property of the third party, as well
as the behaviors which may affect the others’ debt paying ability. 
 8. Party A or its investors shall not reduce the registered capital,
transfer assets or transfer shares without the approval from Party B, which may cause the loss or weakening of ability that Party B performing obligations. 
 9. In case the following events occur for the guarantor who provides the guarantee to financing under this Contract has: stop production, out of business, cancellation of registration, cancellation of
license, petition for bankruptcy, operating loss and so on, partially or fully losing guarantee ability under this Contract, or the guaranty, mortgage, pledge rights value losing, Party A shall provide other guarantee measures recognized by Party B.

 10. In case it is import paying service financing business under letter of credit, Party A shall promise and agree that the guarantee money
under original letter of credit is transferred as the guarantee money under the financing item in this Contract. 
 11. Import paying service
financing procedures and other bank expenses shall be undertaken by Party A. Party A shall settle such expenses to the account designated by Party B. 
 12. Party A shall not sign any contract which damages the creditor’s rights of Party B under this Contract with the third party. 
 13. Any business dispute, trade fraud, stop-payment order from court under import paying service item shall not change or cancel the responsibility and promise of Party A for Party B.  

Article  ̈. Rights and obligations of Party B 
 1. In case Party B shall agree to handle import paying service financing, it shall contact the paying agent to handle import paying service financing for Party A in time. In case the import paying service
financing can’t be handled due to the paying agent doesn’t accept or other objective reason, Party B shall not undertake any responsibility, but shall inform Party A in time. 
 2. Party B shall have the rights to learn about the production business, financial activities, import paying service financing funds usage conditions, and shall have the rights to ask Party A to provide
financial statement as well as other documents, materials and information on schedule. 

 3. In case Party A has any adverse behaviors or conditions which may affect import paying service financing
safety, including but not limited to item 6, 7 and 8 listed in Article V, or the original letter of credit is frozen, Party B shall have the rights to inform the paying service to stop paying funds or collect the principal and interest for import
paying service financing in advance. 
 4. When Party B collects the principal, interest, fine under this Contract in advance, and collects the
relevant expenses under this Contract, Party B shall have the rights to directly deduct it from the any account of Party A, the offset debt and offset sequence shall be determined by Party B. In case Party B performs the offset rights in
accordance with laws or the agreements in the Contract, the objection period for Party A shall be 7 working days which is calculated from the date when Party B informs Party A in written, orally or other methods.  

5. In case there are several matured debts between Party A and Party B, and the repayment of Party A can’t pay off all matured debts, the debt
repayment offset and offset sequence of Party A shall be determined by Party B. 
 In case the repayment of Party A can’t pay off
debts, Party B may choose to make the repayment pay off the principal, interest, fine, compound interest or expenses to realize the creditor’s rights. 
 6. In case Party A can’t pay off the principal for import paying service financing on time, or clears and recovers financing or the principal for agency in advance, Party B shall have the rights to
adopt one several method(s) to realize the creditor’s rights, such as handling the goods under import paying service funds, handling the guaranty or pledge thing legally, pursuing the recovery from the guarantor or directly pursuing the
recovery from Party A. 
 7. In case Party A doesn’t perform the repayment obligation, Party B shall make public disclosure for the default
behaviors. 
 Article  ̈. Guarantee 
 The guarantee method of creditor’s rights for this Contract shall be mortgage by estimating, the guarantee contract shall be signed separately. In case the top amount guarantee method is
adopted, the guarantee contract number shall be 44100720120000298, 44100720120000817. 
 Article
 ̈. Responsibility of breach of contract 
 1. For overdue financing funds in arrears of Party A,
since the overdue date, Party B shall collect overdue interest at additional FIFTY percent (capital letter) based on the original interest rate agreed in the Import Paying Service Financing Notice, till the principal and interest is
paid off. 
 2. In case Party B asks Party A to repay the principal and interest in advance, Party A can’t pay off the principal and
interest for import paying service financing on the designated date, since the accelerated overdue date designated by Party B, Party B shall collect overdue interest in accordance with the overdue interest rate. 

3. In case Party A violates the agreement causing that Party B pays for him in advance, Party B shall collect the interest for advance in cash in
accordance with the agreement in item 1 of this article. 
 4. In case Party A violates the obligations and promises in this Contract, Party B
shall have the rights to refuse accepting the import paying service financing application of Party A, shall have the rights to ask Party A to correct the default behaviors in the limit time, and shall have the rights to ask the paying agent to stop
paying for funds, or collect the principal and interest for financing, shall have the rights to announce that the debts under other contracts signed by Party A and Party B shall be expired at once or adopt other assets guarantee measures.

 5. In case any guarantor for financing under this Contract violates the obligations in the guarantee
contract, Party B shall have the rights to stop issuing financing funds for Party A, and collect the issued financing funds or adopt other assets guarantee measures. 
 6. In case Party B adopts lawsuit or arbitration methods to realize the creditor’s rights due to the default of Party A, Party A shall undertake the retaining fee, travel fee and other fees for
realizing the creditor’s rights. 
 Article  ̈. In case Party A puts forwards to repaying in
advance, Party B shall negotiate with the agent bank, the procedures for repaying in advance shall be handled after getting approval, and Party A shall undertake the expense and interest caused by this. In case the paying agent doesn’t agree to
repay in advance, Party A shall pay for the principal and interest for import paying service financing on schedule in accordance with the agreement in the Contract. 
 Article  ̈. Settlement of dispute 
 All disputes
between the Both Parties arising from this Contract shall be resolved by the Both Parties through consultation or the first kind of method. 
 1. Lawsuit. It shall be managed by the people’s court at the site of Party B. 
 2.
Arbitration. Submit to             /             (full name of the arbitration organization) for arbitration in accordance
with its arbitration rules. 
 During the course of lawsuit or arbitration, the terms not involved with any dispute in this Contract shall still
be performed. 
 Article XI. Other items 
 1. Import Paying Service Financing Application and Import Paying Service Financing Notice related to this Contract shall be an integral part of this Contract. 

            /            

 Article XII. Effectiveness of the Contract 
 This Contract shall become effective on signature or seal of the Both Parties. 
 Article XIII.
This Contract shall be in triplicate. Party A, Party B and the guarantor shall hold one original copy with the same legal effectiveness. 
 Party
A statement: Party B has provided relevant articles to us (especially for boldface letters) and made descriptions for relevant concepts, contents and law effects in accordance with our requirements, we have learned and understood above articles.

			
	Party A (Seal): Dongguan Lite Array Co., Ltd. (Sealed)	  	Party B (Seal): Agricultural Bank of China Limited Liability Company, Qingxi Sub-branch in Dongguan (Sealed)
		
	 Legal Representative or Authorized
  

Representative: Shen Shu Ain

	  	Responsible Person or Authorized Representative
		
	Date of Contract: December 21, 2012	  	
	Location of Contract: Qingxi	  	

  

					
		  	The Contract Filled by:   The Contract Reviewed by:
		  	The Contract witnessed by:EX-4.19

 Exhibit 4.19 
 ABC (2012) 2014 
 Maximum Amount Pledge Rights Contract 

Contract No.: 44100720120000817 
 Dear customers, 
 To safeguard your rights and interests, please read this Contract terms
carefully before signing this Contract (especially for boldface letters), pay close attention to your rights and obligations. If you have any question, please consult with the responsible bank. 

Pledgee (full name): Agricultural Bank of China Limited, Qingxi Sub-branch in Dongguan 
 Pledgor (full name): (1) Dongguan Lite Array Co., Ltd. 

   (2)
                                        

    (3)
                                        

 Whereas the Pledgor is willing to offer a pledge guarantee at the maximum amount for the claims formed due to a series of business Contracts
(hereinafter referred to as the “Principal Contract”) concluded between the Pledgee and Dongguan Lite Array Co., Ltd. (Hereinafter referred to as the “Debtor”) in accordance with Article I of the Contract. The parties,
upon friendly consultation, enter into the Contract pursuant to relevant laws and regulations set forth by the State. 
 Article I Principal
claim guaranteed and maximum amount 
  

	1.	The Pledgor is willing to provide guarantee for the following claims formed between the Pledgee and Debtor. The maximum balance of the claims guaranteed is RMB EIGHT
HUNDRED THOUSAND ONLY(capital letters). The transactions made in foreign currency shall be translated based on the selling price on the date when the transaction as agreed in Item 1 of the article occurs. 

 

	(1)	The Pledgee shall, during the period from December 20, 2012 to June 20, 2013, handle together with the Debtor the claims formed due to the
agreed transactions. Such period is for determination of the claims guaranteed at maximum amount. The above transactions include: (the item being checked shall prevail) 

 

	 	 ̈	RMB/Foreign Currency Loans  ̈ LC Issuance Finance  ̈ Export Packing
Finance 

  

	 	 ̈	Business Draft Discount  ̈ Import Bill Advance  ̈ Bank Guarantee

  

	 	 ̈	Business Draft Acceptance  ̈ Export Bill Advance  ̈
Account Overdraft 

  

	 	 ̈	üOther transactions: Import paying service 

	(2)	For the principal of the claims not yet satisfied under the following Principal Contract established between the Pledgee and Debtor and the corresponding interest,
default interest, compound interest and expenses etc., the interest, default interest, compound interest and expenses, in accordance with corresponding Principal Contract, shall be calculated up to the date the actual compensation is completed:

  

							
	 Contract Name
	  	Contract No.	  	Principal not yet
compensated	  	Currency

 (The schedule created due to insufficient columns in the above form shall be a part of the Contract) 
  

	2.	The kind, amount, time limit and interest rate etc. of each transaction as secured under the Contract shall be subject to relevant legal documents or certificates.

  

	3.	Within the period and maximum balance as agreed in the Contract, the Pledgee may not handle procedures for securing each transaction when issuing the loans under the
Contract or providing other bank credits. 

  

	4.	The Pledgor shall assume guarantee responsibilities over a transaction occurring within the period and maximum balance agreed in the Contract, without regard to the
currency. 

 Article II Range of pledge guarantee 
 The range of pledge guarantee shall include the principal of the borrowings under the Contract and the corresponding interest, default interest, compound interest, liquidated damages, damage awards, and
interest and damages incurred due to delay in performance of the debts which shall be assumed by the borrower and guarantor as stipulated in Civil Procedure Law as well as all expenses incurred to the lender for realizing the claims.

 For the part that exceeds the maximum balance due to change in exchange rate, the Pledgor is willing to assume guarantee responsibilities.

 Article III Pledge right 
  

	1.	The Pledgor agrees to pledge in the form of time deposit certificate. The above pledge right is specifically listed in Right Pledge List 2012048 (list
name and number). The pledge list serves as a part of the Contract and has the same legal effect with the Contract. 

  

	2.	The provisional price of the above pledge right is RMB EIGHT HUNDRED THOUSAND ONLY (currency and amount in capital letters). The final value of the price shall
be subject to the proceeds gained from the actual disposal of the pledge right when it is realized. 

 Article IV Commitment of
Pledgor 
  

	1.	The Pledgor has acquired the authorization required for the guarantee under the Contract in accordance with relevant stipulations and procedures.

	2.	The Pledgor has complete and undisputed rights to own or dispose of the pledge right. 

 

	3.	The pledge right can be transferred according to law. 

  

	4.	There shall not be application for cancellation, announcement of its invalidity, objection, sealing-up, freezing, supervision, litigation, arbitration, report for the
loss and payment stoppage and other circumstances against the pledge right. 

  

	5.	The Pledgor has solicited the approval of right co-owners with respect to the pledge matters under the Contract. 

 

	6.	The Pledgor shall, in accordance with laws and regulations, timely pay all expenses relevant to the pledge right, perform legal obligations, extend the time limit of
the right as required by the Pledgee and maintain the pledge right in force during the term of the pledge right. 

  

	7.	During the term of the pledge right , if any of the following circumstances occurs, the Pledgor shall immediately inform the Pledgee in writing:

  

	(1)	There is an application for cancellation, announcement of its invalidity, objection, sealing-up, freezing, supervision, litigation, arbitration, report for the loss and
payment stoppage against the pledge right and other circumstances that affect the realization of the pledge right; 

  

	(2)	The Pledgor is forced to cancel or revoke his business license, ordered to close down or other causes for dissolution occur; 

 

	(3)	The Pledgor is applying for bankruptcy, reorganization and reconciliation or is forced to apply for bankruptcy and reorganization. 

 

	8.	The pledge right shall be free from other circumstances that will obstruct the Pledgee in realizing his pledge right. 

Article V Efficacy of pledge right 
 The
efficacy of pledge right extends to the accessory right of the pledge right, fruits and properties & rights as stated by the laws and regulations. 
 Article VI Transfer and custody of right certificate 
  

	 	1.	Where it is required to deliver the right certificate, the Pledgor shall, within one day since the date the Contract is signed, submit the relevant right certificate
relevant to the pledge right under the Contract to the Pledgee. The Pledgee shall properly keep the right certificate delivered by the Pledgor. 

  

	 	2.	Where the pledge is made in the form of draft, promissory note, check, warehouse receipt, bill of lading, bond and other right certificates that must be transferred by
means of endorsement, the word of “pledge” shall be endorsed. 

  

	 	3.	Where it is required to handle the registration for the pledge, the Pledgor shall, within
        /     day since the date the Contract is signed, go to a relevant registration organization to handle the pledge registration and other legal procedures for pledge.
The relevant original registration certificates shall be kept by the Pledgee. In case that the transfer of pledge or other event that needs change in registration occurs, the Pledgor shall assist the Pledgee in handling corresponding procedures for
changing the registration. 

  

	 	4.	During the term of the pledge right, the Pledgor, without consent from the Pledgee, shall not give, transfer and license the pledge right to others or dispose of it
in any other forms. If the Pledgor, with the written consent from the Pledgee, transfers and licenses the pledge right to others or disposes of it in other forms, the Pledgor shall use the proceeds gained herein to pay off the debts to the
Pledgee in advance or place the proceeds in custody. 

	5.	During the term of the pledge right, in case of reduction in its value, the Pledgee is entitled to demand the Pledgor to provide a guarantee equivalent to the part of
value reduced as approved by the Pledgee. 

 Article VII Transfer of pledge right 

 

	1.	In case that the Pledgee, prior to the confirmation of the claims secured at the maximum amount under the Contract, transfers part of the claims, the Pledgee is also
entitled to transfer the corresponding pledge right. 

  

	2.	In case that the Pledgee, after the confirmation of the claims secured at the maximum amount under the Contract, transfers part of the claims, the Pledgee is
entitled not to transfer the corresponding pledge right . 

 Article VIII Confirmation of claims guaranteed 

In any of the following circumstances, the claims secured at the maximum amount under the Contract shall be confirmed: 

 

	1.	The term of claims expires. “Term expiration” includes the circumstance where the period for confirmation of the claims as agreed in Article I of the Contract
expires, and the circumstance where the Pledgee announces that, pursuant to the laws and regulations set forth by the State or the Contract, the period for confirmation of the claims expires in advance. Where the Debtor violates the obligations
under the Principal Contract or the Pledgor violates its obligations under the Contract, the Pledgee is entitled to announce a prior expiration of the period for confirmation of the claims.  

 

	2.	It is impossible to generate new claims. 

  

	3.	The pledge right is sealed up and frozen. 

  

	4.	The Debtor and the Pledgor are announced bankrupt or are revoked. 

  

	5.	Other circumstances as stipulated by the laws with respect to the determination of claims. 

 Article IX Realization of pledge right 
  

	1.	In any of the following circumstances, the Pledgee is entitled to exercise the pledge right. The Pledgee can directly negotiate or realize the pledge right , or
convert the pledge right into money or have priority in satisfying his claims from the proceeds of auction or sale of the pledge right upon consultation with the Pledgor. If the proceeds are not enough to pay off the claims secured under the
Contract, the Pledgee is entitled to select the use of the amount for repaying principal, interest, default interest, compound interest or expenses etc.  

 

	 	(1)	After the term for performance of any of the debts under the Principal Contract expires, the Pledgee is not paid off. “Term expiration” includes the
circumstance where the period for performance of the debts as agreed under Principal Contract expires, and the circumstance where the Pledgee announces that, pursuant to the laws and regulations set forth by the State or the Principal Contract, the
period for claims under the Principal Contract expire in advance; 

  

	 	(2)	The Debtor and the Pledgor are forced to cancel or revoke their respective business license, ordered to close down or other causes for dissolution occur;

	 	(3)	A people’s court accepts and listens the bankruptcy application by the Debtor and Pledgor or decides reconciliation; 

 

	 	(4)	The Debtor and the Pledgor decease, are announced to be disappearing or dead; 

 

	 	(5)	The pledge right is applied for being cancelled, announcement of its invalidity, objected, litigated, arbitrated, sealed up, frozen, supervised or other mandatory
measures are taken against it; 

  

	 	(6)	The Pledgor fails to offer corresponding guarantee as required by the Pledgee; 

 

	 	(7)	The Pledgor breaches the obligations under the Contract; 

  

	 	(8)	Other situations that severely affect the realization of the pledge right. 

 

	2.	In case that the date for realizing the draft, promissory note, check, warehouse receipt and bill of lading or picking up the pledge expire prior to the claims under
the Principal Contract, the Pledgee is entitled to realize them or pick up the pledge, and use the proceeds gained from herein to clear off debts in advance or place them in custody. 

 

	3.	If the claims guaranteed in the Contract involve both real guarantee (including that provided by Debtor or a third party) and surety guarantee, the Pledgee can
realize the claims against real guarantee or demand the surety to assume guarantee responsibilities. If the claims guaranteed under the Contract involve two or more real guarantees (including that provided by the Debtor), the Pledgee has right to
exercise its pledge right against any or all of the hypothecated assets. In case the Pledgee has chosen one guarantee method/ hypothecated assets to realize claims, the Pledgee can also realize part or all of the claims through other guarantee
methods/ hypothecated assets. 

  

	4.	If the Pledgor is a third party other than the Debtor and the Debtor provides real guarantee for the claims under the Principal Contract, where the Pledgee gives up
the real right of pledge and the sequence of the real right of pledge or changes the real right of pledge, the Pledgor agrees to continue to provide pledge against the claims under the Principal Contract as agreed in the Contract. Such
“real right of pledge” refers to the real right of pledge formed due to the pledge of the guaranteed assets provided for the claims under the Principal Contract. 

 

	5.	Where the Pledgor provides guarantee for debts between the Debtor and the Pledgee (including but not limited to several debts under the Contract) through the pledge
right under the Contract, and the proceeds gained from converting the pledge right into money or auction and sale of it are not enough to pay off all due debts, the debts to be cleared off and order of offset shall be decided by the Pledgee.

 Article X Return of right certificate 
  

	1.	Where the Debtor has performed all obligations under the Principal Contract, or the Pledgor has cleared off all claims guaranteed under the Principal Contract, the
Pledgee shall timely return the right certificate to the Pledgor. 

  

	2.	The Pledgor shall timely receive the right certificate with respect to the pledge. In case that the Pledgor rejects to receive it, the Pledgor is entitled to place it
in custody at the expense of the Pledgor. 

 Article XI Default responsibilities 
 1. In case that the Pledgor is in any of the following behaviors, the Pledgor shall pay liquidated damages at 5% of the maximum balance regarding the claims guaranteed under the Contract to the
Pledgee; if losses are caused to the Pledgee herein, the Pledgor shall also make a full compensation: 
  

	 	(1)	The Pledgor has not acquired the legal authorization required for the pledge under the Contract; 

 

	 	(2)	The Pledgor has not let the Pledgee be informed in faith of the circumstances in which the pledge right is co-owned, disputed or applied to be revoked and announced its
invalidity, objected, sealed up, frozen, supervised, litigated, arbitrated, reported for loss and stopped for payment etc; 

  

	 	(3)	The Pledgor fails to submit the right certificate and handle procedures for endorsing or registering the pledge as agreed in the Contract; 

 

	 	(4)	The Pledgor, without written consent from the Pledgee, disposes of the pledge right at its own discretion; 

 

	 	(5)	The Pledgor fails to provide corresponding guarantee as required by the Pledgee; 

 

	 	(6)	Other acts that breach the Contract or affect the Pledgee in realizing the pledge right. 

 2. In case that the right certificate is damaged or lost due to improper custody by the Pledgee, and damages and losses are caused to the Pledgor herein, the Pledgee shall assume corresponding liabilities
for compensation. 
 Article XII Expenses bearing 
 The bearing of the expenses to be paid to the third party by both parties for performing the Contract shall be determined by both parties through negotiation. If it fails to negotiate or no results are
made through negotiation, both parties shall assume the expenses according to laws and regulations. 
 The laws and regulations referred to
under the Contract include the laws, administrative regulations, local regulations, rules, judicial interpretation and other stipulations of the People’s Republic of China with legal effect. 

Article XIII Period for raising an objection to the right of cancellation 
 In the event that the Pledgee exercises the right of cancellation according to law, regulations or Contractual agreements, the period for the Pledgor to raise objections is seven working days since the
date when the Pledgee notify the Pledgor in oral, writing or other forms. 
 Article XIV Dispute resolution 

If any dispute occurs due to the performance of the Contract, it can be resolved by the parties through negotiation, or by the first method as the
following: 
  

	1.	Litigation. The people’s court where the Pledgee is located has the final jurisdiction. 

 

	2.	Arbitration. The dispute can be submitted to
            /             (full name of an arbitrary organization) for arbitration according to its arbitration
rules. 

	3.	During the period of litigation or arbitration, the articles not involved in the dispute under the Contract shall be continuously performed. 

Article XV Miscellaneous 
  

	1.	The Pledgor shall initiatively know about the operation state of the Debtor and how the transactions under the Contract are incurred and performed. The Principal
Contract and relevant legal documents or certificates with respect to the transactions under the Contract shall not be sent to the Pledgor again. 

 Article XVI Validation of the Contract 
 The Contract shall take into effect since the date when
the parties sign or affix their seals on it. 
 Article XVII The Contract is in two originals, each for the Pledgee, the Pledgor and the Debtor,
with the same legal effect. 
 The Pledgor declares: The Pledgee has prompted relevant articles (especially those in boldface) to us and made
explanations, as required by us, for the concepts, contents and legal effect of relevant articles, we have got known about and understood the above articles. 
  

			
	Pledgee (Seal): Agricultural Bank of China Limited, Qingxi Sub-branch in Dongguan (Sealed)	  	 Pledgor (Seal)
 Dongguan
Lite Array Co., Ltd. (Sealed)

		
	 Responsible Person or

Authorized Representative
	  	 Legal representative or

Authorized Representative: Shen Shu Ain

		
	Pledgor (Seal)	  	Pledgor (Seal)
		
	 Legal Representative or

Authorized Representative
	  	 Legal Representative or

Authorized Representative

 Date of Contract: December 20, 2012 

Location of Contract: Qingxi 
 The
Debtor declares: I have received the above the Maximum Amount Pledge Rights Contract and have no objections to all the articles in it.  
 Debtor (Seal): Dongguan Lite Array Co., Ltd. (Sealed) 
 Legal Representative or 

Authorized Representative: Shen Shu Ain

 
 Date of Signature: December 20, 2012 

 

			
		 	 The Contract Filled by:         The Contract Reviewed by:

		
		 	 The Contract witnessed by:

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