Document:

Employment Agreement

 Exhibit 10.29 
  
 THIRD AMENDMENT TO EMPLOYMENT AGREEMENT 
  
 THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (“Amended Agreement”) is made and entered into as of this
24th day of June, 2003, by and between BANK OF HAMPTON ROADS, INC., a banking corporation organized under the
laws of the Commonwealth of Virginia (the “Bank”) and M. ANN WRIGHT, (the “Executive”). 
  
 RECITALS: 
  
 WHEREAS, the Bank and the Executive entered into an Employment Agreement (the “Agreement”) dated the 9th day of March, 1999; and 
  
 WHEREAS, that Agreement provided for compensation and benefits arrangements in the event the Executive resigns for good reason following a Change of
Control; and 
  
 WHEREAS, the Board of Directors has decided that
a Gross-Up Payment shall also be paid to or for the benefit of the Executive in the event the Executive resigns as a result of such Change of Control and in the event payment of said compensation and benefits are subject to the excise tax imposed
under Section 4999 of the Internal Revenue Code; and 
  
 WHEREAS,
the Board also desires that the Bank absorb and pay all costs and expenses incurred by the Executive in defending any provision to the Employment Agreement and Amendments thereto; 
  
 NOW, THEREFORE, in consideration of the terms and conditions herein contained and for other good and valuable consideration,
the receipt and sufficiency of which are acknowledged by each party to this Amended Agreement, the Bank and the Executive hereby agree as follows: 
  
 Section 4999 Gross-Up Payment 
  
 Gross -Up Payment. In the event it shall be determined that any payments and benefits called for under the Agreement and any Amendments
thereto, together with any other payments and benefits (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard to any additional payments required under this
Amended Agreement (a “Payment”) would be subject to the excise tax imposed under Section 4999 of the Internal Revenue Code of 1986, or any successor statute (the “Code”) or any interest or penalties are incurred by the Executive
with respect to such excise tax (collectively, 

 the “Excise Tax”), then the Executive shall be entitled to receive an additional payment (a “Gross-Up
Payment”) in an amount such that after payment by the Executive of all taxes (including any interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest and penalties imposed with
respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the payments. 
  
 (a) Gross -Up Determination. Subject to the provision of Section (b) herein, all determinations required to be
made under this Amended Agreement, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by KPMG LLP or such other
independent certified accounting firm (the “Accounting Firm”) selected by mutual consent of the Bank and the Executive, which shall provide detailed supporting calculations both to the Bank and the Executive within 15 business days of the
receipt of notice from the Executive that there has been a Payment, or such earlier time as is requested by the Bank. The calculations under this Amended Agreement will be made in a manner consistent with the requirements of Code Sections 280G and
4999 and any applicable related regulations and any related Internal Revenue Service rulings. All fees and expenses of the Accounting Firm for such determination shall be borne solely by the Bank. Any determination by the Accounting Firm shall be
binding upon the Bank and the Executive. 
  
 Any Gross-Up Payment, as determined
pursuant to this Amended Agreement shall be paid by the Bank to the Executive within five days of the receipt of determination by the Accounting Firm that such payment is due. If it is determined that no Excise Tax is payable to the Executive, it
shall so indicate to the Executive in writing. 
  
 (b)
Notification to Bank. The Executive shall notify the Bank in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Bank of the Gross-Up Payment. Such notice shall be given as soon as
practicable but no later than ten business days after the Executive is informed in writing of such claim and said notice shall advise the Bank of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall
not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Bank (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). 
  
 If the Bank notifies the Executive in writing prior to the expiration of such
period that it desires to contest such claim, the Executive shall: 
  

	 	(1)	give the Bank any information reasonably requested by the Bank relating to such claim, 

  

	 	(2)	take such action in connection with contesting such claim as the Bank shall reasonably request in writing from time to time, including, without limitation, accepting legal
representation with respect to such claim by an attorney reasonable selected by the Bank, 

  

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	 	(iii)	cooperate with the Bank in good faith in order to effectively contest such claim, and 

  

	 	(iv)	permit the Bank to participate in any proceedings relating to such claim; 

  
 provided, however, that the Bank shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with any contest
of a claim for payment of the Excise Taxes and the Bank shall indemnify and hold the Executive harmless, on an after tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such
representation and payment of costs and expenses. 
  
 Without limitation on the
foregoing provisions of this Amended Agreement, the Bank shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with
the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to
a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Bank shall determine; provided, however, that if the Bank directs the Executive to pay such claim and sue for a
refund, the Bank shall advance the amount of such payment to the Executive, on an interest-free basis and shall indemnify and hold the Executive harmless, on an after-tax-basis, from any Excise Tax or income tax (including interest or penalties with
respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the
Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Bank’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be
payable hereunder and the Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
  
 (c) Underpayment of Gross-Up Payment. In the event there is an underpayment of the Gross-Up Payment due to the
uncertainty in the application of Section 4999 of the Code at the time of the initial determination the Accounting Firm, and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm will determine the amount of
any such underpayment that has occurred and such amount will be promptly paid by the Bank to or for the benefit of the Executive. 
  
 (d) Refund of Gross-Up Payment. If, after the receipt by the Executive of an amount advanced by the Bank pursuant to this Amended Agreement,
the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Bank’s complying with the requirements of Section (b) above), promptly pay to the Bank the amount of such refund (together with
any interest paid or credited thereon after taxes applicable thereto). If, 
  

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 after the receipt by the Executive of an amount advanced by the Bank pursuant to Section (b) above; a determination is
made that the Executive shall not be entitled to any refund with respect to such claim and the Bank does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination,
then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. 
  
 Litigation Expenses 
  
 (a) The Bank agrees to pay promptly as incurred, to the full extent permitted
by law, all the legal fees and expenses which the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof unless a court of competent jurisdiction determines that the Executive acted in bad faith in initiating
the contest) by the Bank, the Executive or others of the validity or enforceability of, or liability under, any provision of the Employment Agreement or Amendments thereto, or any guarantee of performance thereof (including as a result of any
contest by the Executive about the amount of any payment pursuant to the Agreement or its Amendments), plus in each case interest on any delayed payment at the applicable Federal rate provided for in Code Section 7872(f)(2)(A); provided however,
that the reasonableness of the fees and expenses must be determined by an independent arbitrator, using standard legal principles, mutually agreed upon by the Bank and the Executive in accordance with rules set forth by the American Arbitration
Association. 
  
 (2) If there is any dispute between the Bank and
the Executive in the event of any termination of the Executive’s employment by the Bank or by the Executive, then unless and until there is a final, nonappealable judgment by a court of competent jurisdiction declaring that the Executive is not
entitled to benefits under the Employment Agreement and Amendments thereto, the Bank will pay all amounts, and provide all benefits to the Executive and/or the Executive’s family or other beneficiaries, as the case may be, that the Bank would
be required to pay or provide pursuant to the Employment Agreement and its Amendments. The Bank will not be required to pay any disputed amounts pursuant to this paragraph except upon receipt of an undertaking (which may be unsecured) by or on
behalf of the Executive to repay all such amounts to which the Executive is ultimately adjudged by such court not to be entitled. 
  

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 Except as modified above, the parties ratify and reaffirm the Agreement. 
  
 WITNESS the following signatures and seals as of the day and year first
written above. 
  

			
	 BANK OF HAMPTON ROADS, INC.

		
	 BY:
	 	 /s/ Emil A. Viola (SEAL)

	 	 	 Emil A. Viola, Chairman of the Board

		
	 	 	 /s/ M. Ann Wright (SEAL)

	 	 	 M. Ann Wright, Executive

  

 5Distribution Agreement

 Exhibit 10.36 
  
 DISTRIBUTION AGREEMENT 
  
 BETWEEN 
  
 NOKIA (CHINA) INVESTMENT CO., LTD. 
  
 AND 
  
 SHANGHAI CELLSTAR
INTERNATIONAL TRADING CO., LTD. 
  
 THIS AGREEMENT HAS CONFIDENTIAL PORTIONS
OMITTED, WHICH PORTIONS HAVE BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS AGREEMENT WITH BRACKETS ([*]). 
  

 THIS AGREEMENT, dated December 1st, 2001, is for the supply and delivery of cellular products and associated accessories
to Shanghai Cellstar International Trading Co., Ltd. 
  

	1.	Parties 

  
 Shanghai Cellstar International Trading Co., Ltd., a company duly established and validly existing under the laws of the People’s Republic of
China and having its legal address at No. 575, Dong Fang Road, Pudong, Shanghai, P.R.C. (hereinafter called the “BUYER”); and 
  
 Nokia (China) Investment Co, Ltd., a foreign invested company duly established and validly existing under the laws of the People’s Republic of
China and having its legal address at Nokia Tower, Pacific Century Place, 2A, Gongtibeilu, Chaoyang District, Beijing 100027, the PRC (hereinafter called the “SELLER”). 
  

	2.	Terms of Delivery 

  
 The Products shall be deemed to be duly delivered when it reaches the agreed locations. The risk of total or partial loss of the Products for whatever
cause except for reasons attributable to BUYER shall be absorbed and borne by SELLER up to the moment the Products have been so delivered. BUYER shall thereafter take full responsibility for any loss or risk after the Products have been so
delivered. Detailed terms of delivery shall be in ANNEX 2. 
  
 Title to the Products will be deemed to pass to BUYER upon full payment for all Products in an Order. 
  

	3.	Prices and Rebate 

  
  
 [*] 
  

	4.	Ordering 

  
 BUYER shall submit Rolling Sales Plan and order Products in accordance with provisions attached hereto as Annex 2. 
  
 Brackets ([*]) indicate portions of this document have been deleted and have been separately
filed with the Securities and Exchange Commission. 
  
  

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	5.	Packing 

  
 Products are packed to reach BUYER in good condition under normal conditions of transport to the destination in which the Products are to be transported.

  

	6.	Payment 

  
 Invoices in respect of Orders accepted under this Agreement will be submitted by SELLER to BUYER in Renminbi (RMB) and sent together with the Products or
at the same time that the Products are dispatched. 
  
 All
amounts owed, owing or to be owed by BUYER to SELLER must be paid within thirty (30) days of the date of the relevant invoice raised by SELLER or by any company within the SELLER’s group of companies. All or part of the BUYER’s credit
shall be supported by bank guarantee or standby letter of credit to SELLER, which shall be executed together with or before the date this Agreement. Prior to granting any credit to BUYER, SELLER shall, at its sole discretion, determine to what
extent the credit must be supported by bank guarantee or standby letter of credit. In case the settlement is through banker acceptance draft accepted by the SELLER, it is regarded as fully secured and no other security is deemed necessary.

  
 If BUYER defaults in making any payments due to SELLER
hereunder BUYER shall pay interest to SELLER on such unpaid amounts at a rate of interest being the total of one percent (1%) per month from due date to the date of actual payment. 
  
 BUYER shall not deduct any amounts from any sum owing to SELLER, whether by way of set-off or otherwise. 
  
 In the event SELLER has granted to BUYER a credit limit, SELLER may increase
or decrease the credit limit upon written notice, at its sole discretion, at any time during the term of this Agreement. 
  
 [*] 
  
 If BUYER fails to perform any of the obligations mentioned in this Article, SELLER shall be entitled, after giving written notice specifying the
non-performance to BUYER, to withhold performance until BUYER has performed its obligation, or if such non-performance exceed seven (7) days, cancel this Agreement with immediate effect. Furthermore, if BUYER has not performed its obligations within
seven (7) days of the receipt of a written notice from SELLER giving details of the non-performance, SELLER may withdraw its acceptance of and rescind an Order. BUYER shall indemnify SELLER for all damages, costs, and losses whatsoever incurred by
the SELLER in respect of any such non-performance or failure by BUYER to perform its obligations. 
  

	7.	Right To Sell 

  
 Subject to Articles 14 and 15 below, SELLER appoints BUYER as its non-exclusive distributor, under SELLER’s trademark, to market, sell and maintain
the Products within the territory of the PRC (excluding Hong Kong SAR, Macau SAR and Taiwan) (hereinafter “Territory”). BUYER promises and guarantees not to sell, or otherwise transfer, directly or 
  
 Brackets ([*]) indicate portions of this document have been deleted and have been separately
filed with the Securities and Exchange Commission. 
  

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 indirectly, the Product to resellers located outside Territory, or to any reseller who intends to
distribute the Products outside the Territory. BUYER shall not transit, transship, or otherwise transport, the Product out of the Territory. BUYER shall use its best endeavours to ensure that any third party, including but not limited to
BUYER’s distributors, retailers and trade outlets within the Territory, shall not re-export, transship, sell or otherwise transfer the Products outside the Territory. 
  
 BUYER shall conduct its business of marketing and selling the Products in a manner so that SELLER’s reputation,
goodwill, trade marks are preserved and maintained at a high standard. 
  
 BUYER shall not purchase any counterfeit, simulated or other infringing products or engage, directly or indirectly, in the design, manufacture, importation, advertisement, sale or distribution of any counterfeit, simulated or other
infringing products. 
  
 BUYER’s failure to comply with its
obligations in this Article shall constitute material breach of contract under this Agreement. 
  

	8.	Representations and Warranties of the Parties 

  
 In addition to other representations and warranties herein, during the term of this Agreement, SELLER represents and warrants to BUYER that it is a legal
person duly incorporated and validly existing under the laws of the PRC and it has full legal rights, power and authority required to enter into this Agreement. BUYER represents and warrants to SELLER the same and that it has obtained all necessary
governmental and corporate approvals, including but not limited to a full business scope, for the execution of this Agreement and the performance of its obligations hereunder and that its performance under this Agreement does not breach any laws,
regulations, or rules of the PRC or any contractual obligation acknowledged by it. Both parties agree to indemnify and hold harmless the other party for any and all liabilities, obligations, losses, damages, penalties, judgements, suits, costs,
expenses and disbursements (including remedial costs) that may be imposed upon, incurred by or asserted against the other party arising from or related to any breach of contract or inaccuracy made by it under this Agreement. 
  

	9.	Inspection and Testing 

  
 BUYER shall carry out inspection and testing of the Products within thirty (30) working days after date of delivery. If the Products have not been
rejected by written notice stating defects within the said thirty (30) days the Products shall be deemed to have been accepted. 
  

	10.	Warranty 

  
 SELLER shall provide BUYER with finished Products that are free from defects in material and workmanship. For the avoidance of any doubt, SELLER’s
warranty to Products shall be no lower than the mandatory requirements of applicable laws. In case of lower than the aforesaid requirements, relevant provisions in the applicable laws shall be applied. 
  
 Products (except battery packs and genuine Nokia accessory) shall have
SELLER’s limited warranty for material and workmanship during twelve (12) months from date of purchase of the Products. 
  
 The limited warranty for genuine Nokia battery packs extends for the first six (6) months beginning on the date of purchase. The limited warranty for
genuine Nokia accessory extends for the first three (3) months beginning on the date of purchase. 
  

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 The limited warranty extends only to the original consumer purchaser of the Product and genuine Nokia
accessory who purchases the Product within the PRC (hereinafter referred to as the “Consumer”) and is not assignable or transferable to any other purchaser/end-user. 
  
 Repaired Product or genuine Nokia accessory will be warranted with a new warranty period conforming with the original
warranty period as defined above in this Article. 
  
 Upon
request from SELLER or its authorized service centers, the Consumer must provide purchase invoice and warranty card in order to obtain warranty service under this clause. 
  
 Transportation, delivery and handling charges incurred in the transport of the Product and genuine Nokia accessory to and
from SELLER or its authorized service center will be borne by the Consumer. 
  
 This limited warranty shall not apply if: 
  

	 	(a)	The Product or genuine Nokia accessory has been subject to: abnormal use, abnormal condition, improper storage, exposure to moisture or dampness, exposure to excessive temperature
or other such environmental conditions, unauthorized modifications, unauthorized connections, unauthorized repair including but not limited to use of unauthorized spare parts in repairs, misuse, neglect, abuse, accident, alteration, improper
installation, Acts of God, spill of foods or liquids, maladjustment of customer controls or other acts which are beyond of reasonable control of SELLER, including deficiencies in consumable parts such as fuses and breakage or damage to antennas,
unless caused directly by defects in materials or workmanship, and normal wear and tear of the Product or genuine Nokia accessory; 

  

	 	(b)	SELLER was not notified by Consumer of the alleged defect or malfunction of the Product or genuine Nokia accessory during the applicable limited warranty period;

  

	 	(c)	The Product serial number or the genuine Nokia accessory date code has been removed, defaced or altered; 

  

	 	(d)	The defect or damage was caused by defective function of the cellular system or by inadequate signal reception by the external antenna; 

  

	 	(e)	The Product was used with or connected to accessory not supplied by SELLER, not fit for use with SELLER’s cellular phones or used in other than its intended use; or

  

	 	(f)	The battery was short circuited or seals of the battery enclosure or cells are broken or show evidence of tampering or the battery was used in equipment other that for which is has
been specified. 

  
 SELLER neither assumes nor
authorizes any authorized service center or any person or entity to assume for it any other obligation or liability beyond that which is expressly provided for in this limited warranty. 
  
 All warranty information, product features and specifications are subject to change without notice. 
  

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 BUYER shall provide its customers with this warranty. SELLER shall have the right to include such
warranty documents in the sales packing and BUYER shall not remove or change them without SELLER’s written consent. 
  
 The aforesaid is expressly in lieu of all other conditions and warranties, including without limitation ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR OF
FITNESS FOR A PARTICULAR PURPOSE OR USE except to the extent (if any) required by law (if any) and all other obligations and liabilities of SELLER with respect to any defect or deficiency applicable to or resulting directly or indirectly from or in
connection with the Products and genuine Nokia accessories supplied by SELLER are hereby disclaimed. SELLER shall not be LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOST PROFITS OR DAMAGES OR LOSS OF USE in any event
whatsoever. 
  

	11.	Service, Repairs and Spare Parts 

  
 SELLER shall have the right to assign the provision of after sales service and support to a third party. BUYER is entitled to provide after sales service
for the Products hereunder including both warranty and non-warranty service, subject to entering into a separate Authorized Service Center Agreement with SELLER (or a qualified company appointed by SELLER). 
  

	12.	List of Products, genuine Nokia accessory and Prices 

  
 As described in Annex 1: Product and Price List. 
  

	13.	Other Conditions 

  
 BUYER shall inform SELLER of important developments on the market. 
  
 The Products shall be marked under the trademark “NOKIA”. Nothing in this Agreement shall give BUYER any rights in
the trademark “NOKIA” or any other intellectual property rights of SELLER or other Nokia affiliates or Nokia group companies. BUYER shall obtain beforehand the consent of Nokia Corporation or any Nokia affiliate authorized by it and shall
comply with the instructions given from time to time by such Nokia affiliate if BUYER wishes to use the trademark “NOKIA” in any marketing, sales or promotion activity. 
  
 In case SELLER incorporates SIM-lock features in the Products upon Buyer’s request or, in a programme jointly arranged
with an operator or another customer, upon operator’s or customer’s request, BUYER shall strictly follow SELLER’s SIM-lock procedure and instructions. 
  
 BUYER hereby agrees to inform the Consumer or other end-users of the activation of such SIM-lock to the fullest extent
required under the consumer protection legislation or other applicable laws and regulations in the PRC. 
  
 BUYER understands and agrees that whilst every effort is pursued by SELLER to assure the security of the SIM-lock facility, SIM-lock is not guaranteed
against de-commissioning by a third party and SELLER will accept no liability for the same. BUYER shall also not hold SELLER liable or responsible in the event any service centres are unable to reinstall the SIM-lock facility after performing
repairs or servicing the Products. 
  
 BUYER also hereby agrees
to indemnify SELLER and SELLER’s affiliated companies against, and to hold SELLER and SELLER’s affiliated companies harmless from, any and all costs resulting from incorporation of the said SIM-lock function in the Products and/or 

  

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supply of such products to BUYER including without limitation any costs resulting directly or indirectly from activation and/or de-activation of the
SIM-lock. 
  

	14.	General Provisions 

  
 BUYER buys and sells in its own name, and nothing in this Agreement shall constitute any agency, joint venture or partnership between SELLER and BUYER.

  
 Neither Party shall assign this Agreement or any rights
therein to any third party without the prior written consent of the other Party. With BUYER’s prior written notice to SELLER and upon SELLER’s prior written approval, BUYER may transfer its rights and obligations under this Agreement to
its affiliated company. In this case, the succeeding affiliated company shall be bound by and observe all the terms and conditions of this Agreement. 
  
 This Agreement shall constitute the entire agreement between the Parties, and the Parties agree that there do not exist any other representations,
warranties or verbal agreements with regard to the subject matter of this Agreement. Any amendments and alterations to this Agreement shall come into effect only by an exchange of documents signed by both Parties and marked unequivocally
“Amendment to this Agreement”. The Appendices attached hereto shall form an integral part of this Agreement. 
  
 Any notices or other documents given under this Agreement shall be in writing and shall be deemed duly given if sent by registered mail or telefax to or
left at hand at the following addresses: 
  
 to BUYER:

  
 Shanghai CellStar International Trading Co., Ltd. 

No. 575, Dong Fang Road, Pudong, 
 Shanghai, P.R.C. 
 Fax: (86) 21 6875 1385 
 Tel: (86) 21 6875 9917 
 Attention: Mr. L. P. King 
  
 to SELLER: 
  
 Nokia (China) Investment Co., Ltd. 
 Nokia Tower, Pacific Century Place, 2A, Gongtibeilu 
 Chaoyang District, Beijing 100027 PRC 
 Fax: 
 Tel.: 
 Attention: 
  

	15.	Force Majeure 

  
 Either party shall be under any liability for any failure to perform any of its obligations under this Agreement due to any cause not within its control
including, without limitations, lock-outs, strikes, other industrial disputes, riots or civil commotion, wars (whether declared or not), expropriation or confiscation for public needs, embargo, act of God, discontinuation of public or private
transportation or supply of energy, fire, non-availability of materials or components or some other unusual event with equally drastic effects beyond the control of that party. 
  
 Following notification by either party to the other of such cause, such party shall be allowed a reasonable extension of
time for the performance of its obligations. Either party may 

  

 Page 6 of 13 

 
terminate this Agreement by giving notice to the other if performance of this Agreement is substantially prevented for more than three (3) months due to any
event of Force Majeure referred to in this Article. 
  
 In case
of an event of Force Majeure the parties shall meet to discuss whether it such an event qualifies as an event of Force Majeure and how to minimize the inconvenience and limit the eventual costs cause by the situation. 
  

	16.	Confidentiality and Publicity 

  
 Both parties shall keep confidential and shall not without the prior consent in writing disclose to any third party the content of any documents or
information (whether of a commercial, financial or technical nature or which is identified as being confidential) acquired or received from the other party in connection with the negotiations of this Agreement, during the terms of this Agreement or
in connection of the Products. Each party shall copy and use the same solely for the purpose of this Agreement and the normal use of Products. This obligation shall survive any expiration, cancellation or termination of this Agreement. 

 
 Parties further agree that any possible publication of the nature of this
Agreement or its content shall be prepared in consultation between the parties and released based on mutual approval and in mutually acceptable written form. In the event of disclosure in connection with an eventual interim public offering
concerning BUYER, BUYER will not be entitled to disclose confidential information or particulars of its Nokia cooperation, including but not limited to the contents of this Agreement, without the prior written approval of SELLER, which approval may
not be unreasonably withheld. 
  

	17.	Validity and Termination of this Agreement 

  
 The term of this Agreement shall, subject to termination Articles defined herein and in Article 16 “Force Majeure”, be from December
1st, 2001 until November 30th, 2004. Thereafter this Agreement shall automatically terminate unless it is renewed by
mutually signed written amendment. Neither party shall be liable to pay any compensation or damages to the other for non-renewal of this Agreement. 
  
 Either party shall have the right at any time by giving notice in writing to the other to terminate this Agreement forthwith in the following events:

  

	 	1)	If the other party suffers the appointment of a receiver or administrator or administrative receiver or enters into liquidation (other than for the purposes of reconstruction or
amalgamation) or compounds with its creditors to takes or suffers any similar action in consequence of a debt; 

  

	 	2)	If the other party shall cease to carry on its normal course of business or suspend payment of its debt or fail to pay, upon execution being levied thereafter, any judgement debt in
full; 

  

	 	3)	If the ownership or control of the other party is materially altered, except where such alteration results from an internal reconstruction only of the shareholdings within the
party’s group companies, or where such alternation due to changing in the ownership of stock after a party’s public offering in Asia, however, the listing party shall inform the other party on the aforesaid change the earliest possible
time; 

  

	 	4)	 If the a party hereto is in material breach of its obligations under this Agreement and has failed to remedy such breach within the given time period provided by
the 

  

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other party, or with immediate effect if the observant party considers that such a material breach cannot be remedied. 

  

	 	5)	At will by not less than three (3) months written notice. 

  
 In the event of expiration or termination SELLER shall have the right, but not an obligation, to acquire BUYER’s inventory of the Products and
genuine Nokia accessory and BUYER agrees to sell it to SELLER if SELLER so wishes. The price shall. be the same that BUYER has paid if the Products and genuine Nokia accessory are unused and in their original packages. Otherwise the price shall be
negotiated separately. 
  

	20.	Language 

  
 This Agreement shall be written in Chinese and English, and both versions shall be equally authentic. 
  

	21.	Applicable Law and Arbitration 

  

	1.	This Agreement shall be governed by the applicable law of the PRC. In the event that the PRC laws contain no applicable provisions with regard to an aspect of transaction hereunder,
then common international practice shall apply. 

  

	2.	Should any dispute arise from or in connection with the performance or interpretation of any provision of the Contract, the parties shall first attempt to resolve the matter through
friendly consultation; if it is not so resolved within sixty (60) days after one party has given notice of it to the other party, then either party may submit it to the China International Economic and Trade Arbitration Commission
(“CIETAC”) in Beijing. 

  

	3.	Any dispute, controversy or claim arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be finally
resolved by arbitration in Chinese and English by CIETAC. 

  

	4.	The arbitration tribunal shall consist of three arbitrators. The presiding arbitrator shall not be a national of Finland or the PRC, 

  

	22.	Non-Waiver 

  
 Any failure of a party to enforce at any time any of the provisions including, without limitation, the termination provision, of this Agreement shall not
be construed to be a waiver of such provision or any other provision of this Agreement or anyright of a party hereunder. 
  

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 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by their duly authorized representatives.

  

									
	NOKIA (CHINA) INVESTMENT CO., LTD.	 	 	 	SHANGHAI CELLSTAR INTERNATIONAL TRADING CO., LTD.
					
	Signed By:	 	/s/ Michael Hsu	 	 	 	Signed By:	 	/s/ L P King
	 	 	
	 	 	 	 	 	

	Name:	 	Michael Hsu	 	 	 	Name:	 	L P King
					
	Title:	 	Sales Director, Nokia Mobile Phone, China	 	 	 	Title:	 	President & COO CellStar Asia Pacific Region
					
	Company	 	Nokia (China) Investment Co., Ltd.	 	 	 	Company	 	Shanghai CellStar Trading Co., Ltd.
					
	Stamp:	 	[GRAPHIC]	 	 	 	Stamp:	 	[GRAPHIC]
					
	Signed By:	 	/s/ Colin Giles	 	 	 	 	 	 
	 	 	
	 	 	 	 	 	 
					
	Name:	 	Colin Giles	 	 	 	 	 	 
					
	Title :	 	Vice President, Nokia Mobile Phones, China	 	 	 	 	 	 

  

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 ANNEX 1 
  
 The Product and Price List 
  
 [*] 
  
 Brackets ([*]) indicate portions of this document have been deleted and have been separately filed with the Securities and Exchange Commission. 
  
  

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 ANNEX 2 
 Rolling Sales Plan & Ordering 
  

	1.	Forecasting 

  
 BUYER shall complete and submit to SELLER in the agreed format on Nokia Period basis by the Forecasting Deadline: 
  

	 	(a)	Rolling Sales Plan for the immediately following three (3) Nokia Periods. Rolling Sales Plan shall set forth both Area Split and Product Mix for each entire period;

  

	 	(b)	Monthly Order for the immediately following one (1) Nokia Period. Monthly Order shall set forth Area Split and Product Mix for such Nokia Period. In practice Monthly Order can be
produced by SELLER by extracting the first Nokia Period’s data from the Rolling Sales Plan; and 

  

	 	(c)	Variance report indicating any variation from total volume, Product Mix forecasted in any previous Rolling Sales Plan for the same Nokia Period. 

  
 SELLER shall confirm the Monthly Order and/or any variance to it to BUYER
simultaneously with sending the Sales Contract to BUYER further to Point 3. b) below, the same being by the immediately following Friday by 10a.m. at the latest. 
  

	2.	Ordering Procedure 

  
 During the course of any Nokia Period BUYER shall complete and submit to SELLER for the first calendar week by Forecasting Deadline and for the subsequent
calendar weeks every Wednesday by 12 a.m. (or by other deadline agreed in writing): 
  

	 	(a)	Delivery request for Products to be delivered during the immediately following calendar week. Delivery request includes requested daily delivery volume and daily Product Mix.

  

	 	(b)	SELLER shall thereafter review the delivery request and forward to the BUYER confirmation on the request in the form of a Sales Contract with daily delivery quantity, daily Product
Mix and delivery factory, on every Thursday by 12 a.m. 

  
 BUYER shall by 12 a.m. on the aforementioned Friday return the Sales Contract to SELLER duly stamped and signed. 
  

	3.	Daily Delivery Procedure 

  
 BUYER shall submit to SELLER a written instruction with destination before 3 p.m. the day immediately before the scheduled date of delivery. In case of
the scheduled date of delivery is Monday, the aforesaid instruction shall be submitted before 3 p.m. of the last working day in the prior week. 
  

	4.	Weekly Variance 

  
 Unless otherwise agreed deliveries of Products committed to by the BUYER in the Monthly Order shall be split evenly between 
 the calendar weeks of the relevant Nokia Period. 
  

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 BUYER shall have the right to request adjustments to weekly even flow of Products within the range [*] in
the case of a 4-week Nokia Period and [*] in the case of a 5-week Nokia Period provided that total volume during the relevant Nokia Period remains unchanged. 
  

	5.	Dedicated Contact Person 

  
 SELLER shall appoint a dedicated sales assistant to help BUYER with all ordering and delivery related enquiries in order to ensure best possible service
to the BUYER. 
  

	6.	Delivery 

  
 The Parties will sign an Amendment to this Agreement as soon as practically possible to regulate detailed delivery terms and related issues. 
  

	7.	DEFAULT DESTINATION 

  
 BUYER shall, along with the signing of this Agreement, notify SELLER in writing on the Default Destination within the territory of PRC. (Excluding Hong
Kong SAR, Macau SAR and Taiwan). BUYER agrees that SELLER could ship and unload the Products to the aforesaid Default Destination in case of BUYER’S instruction of destination fails to reach SELLER before 3 p.m. of the day immediately before
the scheduled delivery date according to confirmed order. The foregoing delivery shall be regarded as fulfilment of delivery obligations by SELLER. 
  
 To avoid any doubt, Article 5 of this ANNEX 2 shall also apply to this delivery at Default Destination. 
  

	8.	DELIVERY OF PRODUCTS AND RISK UNDERTAKING 

  
 Under the condition that SELLER complies with all the terms in the Agreement, Products being shipped and unloaded at the door of the warehouse at the
destination (or Default Destination) shall be regarded as fulfilment of delivery obligations by SELLER. BUYER shall thereafter bear all the cost and risk after the Products have been so delivered. 
  

	9.	Rolling Sales Plan Rules 

  
 [*] 
  
 Brackets ([*]) indicate portions of this document have been deleted and have been separately filed with the Securities and Exchange Commission. 
  

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 [*] 
  
 Brackets ([*]) indicate portions of this document have been deleted and have been separately filed with the Securities and Exchange Commission. 
  

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