Document:

2005 Share Incentive Plan

 Exhibit 10.1 
  
 A-MAX TECHNOLOGY LIMITED 
  
 2005 SHARE INCENTIVE PLAN 
  
 ARTICLE 1 
  
 PURPOSE 
  
 The purpose of the A-Max Technology Limited 2005 Share Incentive Plan (the “Plan”) is to promote the success and enhance the value of A-Max Technology Limited, a Bermuda limited liability company (the
“Company”) by linking the personal interests of the members of the Board, Employees and Consultants to those of Company shareholders and by providing such individuals with an incentive for outstanding performance to generate
superior returns to Company shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees and Consultants upon whose judgment,
interest, and special effort the successful conduct of the Company’s operation is largely dependent. 
  
 ARTICLE 2 
  
 DEFINITIONS AND CONSTRUCTION 
  
 Wherever the
following terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 
  
 2.1 “Applicable Laws” means the legal requirements relating
to the Plan and the Awards under applicable provisions of the corporate and securities laws of Bermuda, the Code, the PRC tax laws, rules, regulations and government orders, the rules of any applicable Share exchange or national market system, and
the laws and the rules of any jurisdiction applicable to Awards granted to residents therein. 
  
 2.2 “Award” means an Option, a Restricted Share award, or a Restricted Share Unit award granted to a Participant pursuant to the Plan. 
  
 2.3 “Award Agreement” means any written agreement, contract, or other instrument or document evidencing an
Award, including through electronic medium. 
  
 2.4
“Board” means the Board of Directors of the Company. 
  
 2.5 “Change in Control” means and includes each of the following: (a) (i) the merger or consolidation of the Company or a Subsidiary into or with one or more Persons, (ii) the merger or consolidation of one
or more Persons into or with the Company or a Subsidiary or (iii) a tender offer or other business combination if, in the case of (i), (ii) or (iii), the shareholders of the Company prior to such merger or consolidation do not retain,
directly or indirectly, at least a majority of the voting power of the surviving Person or (b) the voluntary issuance, sale, conveyance, exchange or transfer to another Person of (i) the voting Share Capital of the Company or a Subsidiary
if, after such sale, conveyance, exchange or transfer, the shareholders 

 of the Company prior to such issuance, sale, conveyance, exchange or transfer do not retain, directly or indirectly, at
least a majority of the voting power of the Company or (c) the voluntary sale, conveyance, exchange or transfer to another Person of all or substantially all of the assets of the Company or (d) the Company’s shareholders approve a
liquidation or dissolution of the Company. 
  
 The Committee shall determine
whether a Change in Control of the Company has occurred under the above definition, and the date of the occurrence of such Change in Control and any incidental matters relating thereto. 
  
 2.6 “Code” means the Internal Revenue Code of 1986 of the United States, as amended. 
  
 2.7 “Committee” means the committee of the Board described
in Article 11. 
  
 2.8 “Consultant” means any
consultant or adviser if: (a) the consultant or adviser renders bona fide services to the Company or a Subsidiary; (b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a
capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s securities; and (c) the consultant or adviser is a natural person who has contracted directly with the Company or a Subsidiary to
render such services. 
  
 2.9 “Disability” means
that the Participant qualifies to receive long-term disability payments under the Company’s long-term disability insurance program, as it may be amended from time to time, to which the Participant provides services regardless of whether the
Participant is covered by such policy. 
  
 2.10 “Effective
Date” shall have the meaning set forth in Section 12.1. 
  
 2.11 “Employee” means any officer or other employee (as defined in accordance with Section 3401(c) of the Code) of the Company or any Subsidiary. A person shall not cease to be an Employee in the case of (a) any
leave of absence approved by the Company, or (b) transfers between locations of the Company or between the Company, any Subsidiary or any successor. For purposes of Incentive Share Options, no such leave may exceed 90 days, unless reemployment
upon expiration of such leave is guaranteed by statute or contract. Neither service as a director nor payment of a director’s fee by the Company shall be sufficient, by itself, to constitute “employment” by the Company 
  
 2.12 “Exchange Act” means the Securities Exchange Act of
1934 of the United States, as amended. 
  
 2.13 “Fair
Market Value” means, as of any date, the value of Shares determined as follows: 
  
 (a) If the Shares are listed on any recognized stock exchange or a national market system, including without limitation, the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair
Market Value shall be the closing sales price for such Shares (or the closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading day prior to the date of determination, as reported in The Wall Street
Journal or such other source as the Committee deems reliable; 
  

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 (b) If the Shares are regularly quoted by a recognized securities dealer but selling prices are not
reported, its Fair Market Value shall be the mean of the closing bid and asked prices for the Shares on the date prior to the date of determination as reported in The Wall Street Journal or such other source as the Committee deems reliable;
or 
  
 (c) In the absence of an established market for the Shares,
the Fair Market Value thereof shall be determined in good faith by the Committee. 
  
 2.14 “Incentive Share Option” means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 
  
 2.15 “Independent Director” means a member of the Board who
is not an Employee of the Company. 
  
 2.16 “Non-Qualified
Share Option” means an Option that is not intended to be an Incentive Share Option. 
  
 2.17 “Option” means a right granted to a Participant pursuant to Article 5 of the Plan to purchase a specified number of Shares at a specified price during specified time periods. An Option may be
either an Incentive Share Option or a Non-Qualified Share Option. 
  
 2.18 “Participant” means a person who, as a member of the Board, Employee or Consultant, has been granted an Award pursuant to the Plan. 
  
 2.19 “Plan” means this A-Max Technology Limited 2005 Share Incentive Plan, as amended from time to time.

  
 2.20 “Person” means any individual, firm,
corporation, partnership, trust, incorporated or unincorporated association, joint venture, joint stock company, limited liability company, Governmental Authority or other entity of any kind, and shall include any successor (by merger or otherwise)
of such entity. 
  
 2.21 “PRC” means the
People’s Republic of China. 
  
 2.22 “Restricted
Share” means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture. 
  

2.23 “Restricted Share Unit” means an Award granted pursuant to Section 7.6. 
  
 2.24 “Securities Act” means the Securities Act of 1933 of
the United States, as amended. 
  
 2.25 “Share”
means the ordinary share capital of the Company, par value US$0.00002 per share, and such other securities of the Company that may be substituted for Shares pursuant to Article 10. 
  

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 2.26 “Share Capital” means, with respect to any Person, any and all shares, interests,
participations, rights in, or other equivalents (however designated and whether voting or non-voting) of, such Person’s share capital (including, without limitation, ordinary shares and preferred shares) and any and all rights, warrants or
options exchangeable for or convertible into such share capital. 
  
 2.27 “Share Payment” means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any
portion of the compensation, granted pursuant to Article 8. 
  
 2.28 “Subsidiary” means any “subsidiary corporation” as defined in Section 424(f) of the Code and any applicable regulations promulgated thereunder or any corporation or other entity of which a majority of
the outstanding voting shares or voting power is beneficially owned directly or indirectly by the Company. 
  
 ARTICLE 3 
  
 SHARES SUBJECT TO THE PLAN 
  
 3.1 Number of
Shares. 
  
 (a) Subject to Section 3.1(b) and 3.2, the
aggregate number of Shares which may be issued or transferred pursuant to Awards under the Plan shall be 99,043,396 shares. 
  
 (b) To the extent that an Award terminates, expires, or lapses for any reason, any Shares subject to the Award shall again be available for the grant of
an Award pursuant to the Plan. Additionally, any Shares tendered or withheld to satisfy the grant or exercise price or tax withholding obligation pursuant to any Award shall again be available for the grant of an Award pursuant to the Plan. To the
extent permitted by applicable law or any exchange rule, Shares issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form of combination by the Company or any Subsidiary shall not be counted against
Shares available for grant pursuant to this Plan. 
  
 3.2
Shares Distributed. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares, treasury or Shares purchased on the open market. Additionally, in the discretion of the Committee, American
Depository Shares in an amount equal to the number of Shares which otherwise would be distributed pursuant to an Award may be distributed in lieu of Shares in settlement of any Award. If the number of Shares represented by an American Depository
Share is other than on a one-to-one basis, the limitations of Section 3.1 shall be adjusted to reflect the distribution of American Depository Shares in lieu of Shares. 
  
 ARTICLE 4 
  
 ELIGIBILITY AND PARTICIPATION 
  
 4.1 Eligibility. Persons eligible to participate in this Plan include Employees, Consultants and all members of the Board, as determined by the
Committee. 
  

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 4.2 Participation. Subject to the provisions of the Plan, the Committee may, from time to time,
select from among all eligible individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No individual shall have any right to be granted an Award pursuant to this Plan. 
  
 4.3 Jurisdictions. In order to assure the viability of Awards granted
to Participants employed in various jurisdictions, the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable in the jurisdiction in which
the Participant resides or is employed. Moreover, the Committee may approve such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby
affecting the terms of the Plan as in effect for any other purpose; provided, however, that no such supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in Section 3.1 of the Plan.
Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate any Applicable Laws. 
  
 ARTICLE 5 
  
 OPTIONS 
  
 5.1 General. The Committee is authorized to grant Options to Participants on the following terms and conditions: 
  
 (a) Exercise Price. The exercise price per Share subject to an Award shall be determined by the Committee and set forth in the Award Agreement;
provided that the exercise price for any Award shall not be less than Fair Market Value on the date the Award is granted. 
  
 (b) Time and Conditions of Exercise. The Committee shall determine the time or times at which an Option may be exercised in whole or in part,
including exercise prior to vesting; provided that the term of any Option granted under the Plan shall not exceed ten years, except as provided in Section 10.2. The Committee shall also determine any conditions, if any, that must be
satisfied before all or part of an Option may be exercised. 
  
 (c) Payment. The Committee shall determine the methods by which the exercise price of an Option may be paid, the form of payment, including, without limitation (i) cash or check denominated in U.S. Dollars, (ii) Shares held
for such period of time as may be required by the Committee in order to avoid adverse financial accounting consequences and having a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion
thereof, (iii) by delivery of a notice that the Participant has placed a market sell order with a broker with respect to Shares then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the
net proceeds of the sale to the Company in satisfaction of the Option exercise price; provided that payment of such proceeds is then made to the Company upon settlement of such sale), and the methods by which Shares shall be delivered or
deemed to be delivered to Participants (iv) other property acceptable to the Committee with a Fair Market Value equal to the exercise price, or (v) any combination of 
  

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 the foregoing. Notwithstanding any other provision of the Plan to the contrary, no Participant who is a member of the
Board or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option in any method which would violate Section 13(k) of the Exchange Act.

  
 (d) Evidence of Grant. All Options shall be evidenced
by an Award Agreement between the Company and the Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee. 
  
 5.2 Incentive Share Options. Incentive Share Options shall be granted only to Employees of the Company or Subsidiary
of the Company which is a corporation. Incentive Share Options may not be granted to Employees of a Related Entity. The terms of any Incentive Share Options granted pursuant to the Plan, in addition to the requirements of Section 5.1, must
comply with the following additional provisions of this Section 5.2: 
  
 (a) Exercise Price. The exercise price per Share shall be set by the Committee; provided that subject to Section 5.2(e) the exercise price for any Incentive Share Option shall not be less than 100%
of the Fair Market Value on the date of grant. 
  
 (b)
Expiration. Subject to Section 5.2(e), an Incentive Share Option may not be exercised to any extent by anyone after the first to occur of the following events: 
  
 (i) Ten years from the date it is granted, unless an earlier time is set in the Award Agreement; 
  
 (ii) Three months after the Participant’s termination of employment as
an Employee; and 
  
 (iii) One year after the date of the
Participant’s termination of employment or service on account of Disability or death. Upon the Participant’s Disability or death, any Incentive Share Options exercisable at the Participant’s Disability or death may be exercised by the
Participant’s legal representative or representatives, by the person or persons entitled to do so pursuant to the Participant’s last will and testament, or, if the Participant fails to make testamentary disposition of such Incentive Share
Option or dies intestate, by the person or persons entitled to receive the Incentive Share Option pursuant to the applicable laws of descent and distribution. 
  

(c) Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Award is granted) of all Shares with respect to
which Incentive Share Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Share
Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Share Options. 
  
 (d) Ten Percent Owners. An Incentive Share Option shall be granted to any individual who, at the date of grant, owns shares possessing more than
ten percent of the total combined voting power of all classes of equity securities of the Company only if such Award is granted at a price that is not less than 110% of Fair Market Value on the date of grant and the Award is exercisable for no more
than five years from the date of grant. 
  

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 (e) Notice of Disposition. The Participant shall give the Company prompt notice of any disposition
of Shares acquired by exercise of an Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option, or (ii) one year after the transfer of such Shares to the Participant. 
  
 (f) Right to Exercise. During a Participant’s lifetime, an
Incentive Share Option may be exercised only by the Participant. 
  
 ARTICLE 6 
  
 RESTRICTED SHARES 

 
 6.1 Grant of Restricted Shares. The Committee is authorized to make
Awards of Restricted Shares to any Participant selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. All Awards of Restricted Shares shall be evidenced by an Award Agreement. 

 
 6.2 Issuance and Restrictions. Restricted Shares shall be subject
to such restrictions on transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Shares or the right to receive dividends on the Restricted Share). These
restrictions may lapse separately or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter. 
  
 6.3 Forfeiture. Except as otherwise determined by the Committee at the
time of the grant of the Award or thereafter, upon termination of employment or service during the applicable restriction period, Restricted Shares that are at that time subject to restrictions shall be forfeited; provided, however, that,
except as otherwise provided by Section [•], the Committee may (a) provide in any Restricted Share Award Agreement that restrictions or forfeiture conditions relating to Restricted Shares will be waived in whole or in part in the event of
terminations resulting from specified causes, and (b) in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Shares. 
  
 6.4 Certificates for Restricted Shares. Restricted Shares granted pursuant to the Plan may be evidenced in such
manner as the Committee shall determine. If certificates representing Restricted Shares are registered in the name of the Participant, certificates must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to
such Restricted Shares, and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable restrictions lapse. 
  

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 ARTICLE 7 
  

OTHER TYPES OF AWARDS 
  
 7.1 Restricted Share Units. The Committee is authorized to make Awards of Restricted Share Units to any Participant selected by the Committee in
such amounts and subject to such terms and conditions as determined by the Committee. At the time of grant, the Committee shall specify the date or dates on which the Restricted Share Units shall become fully vested and nonforfeitable, and may
specify such conditions to vesting as it deems appropriate. At the time of grant, the Committee shall specify the maturity date applicable to each grant of Restricted Share Units which shall be no earlier than the vesting date or dates of the Award
and may be determined at the election of the grantee. On the maturity date, the Company shall transfer to the Participant one unrestricted, fully transferable Share for each Restricted Share Unit scheduled to be paid out on such date and not
previously forfeited. The Committee shall specify the purchase price, if any, to be paid by the grantee to the Company for such Shares. 
  
 7.2 Term. Except as otherwise provided herein, the term of any Award of Restricted Share Units shall be set by the Committee in its discretion.

  
 7.3 Exercise or Purchase Price. The Committee may
establish the exercise or purchase price, if any, of any Award of Restricted Share Units; provided, however, that such price shall not be less than the par value of a Share, unless otherwise permitted by Applicable Law. 
  
 7.4 Exercise Upon Termination of Employment or Service. An Award of
Restricted Share Units shall only be exercisable or payable while the Participant is an Employee, Consultant or a member of the Board, as applicable; provided, however, that the Committee in its sole and absolute discretion may provide that
an Award of Restricted Share Units may be exercised or paid subsequent to a termination of employment, or following a Change of Control of the Company, or because of the Participant’s retirement, death or Disability, or otherwise. 

 
 7.5 Form of Payment. Payments with respect to any Awards granted
under this Article 7 shall be made in cash (denominated in U.S. Dollars), in Shares or a combination of both, as determined by the Committee. 
  
 7.6 Award Agreement. All Awards under this Article 7 shall be subject to such additional terms and conditions as determined by the Committee and
shall be evidenced by an Award Agreement. 
  
 ARTICLE 8

  
 PROVISIONS APPLICABLE TO AWARDS 
  
 8.1 Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan
may, in the discretion of the Committee, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted either at the same time as
or at a different time from the grant of such other Awards. 
  
 8.2 Award Agreement. Awards under the Plan shall be evidenced by Award 
  

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 Agreements that set forth the terms, conditions and limitations for each Award which may include the term of an Award,
the provisions applicable in the event the Participant’s employment or service terminates, and the Company’s authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award. 
  
 8.3 Limits on Transfer. No right or interest of a Participant in any
Award may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of such Participant to any other party other than the Company or a
Subsidiary. Except as otherwise provided by the Committee, no Award shall be alienated, assigned, transferred, sold, or otherwise disposed of by a Participant other than by will or the laws of descent and distribution. The Committee by express
provision in the Award or an amendment thereto may permit an Award (other than an Incentive Share Option) to be transferred to, exercised by and paid to certain persons or entities related to the Participant, including but not limited to members of
the Participant’s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members of the Participant’s family and/or charitable institutions, or to such other persons or entities as may be
expressly approved by the Committee, pursuant to such conditions and procedures as the Committee may establish. Any permitted transfer shall be subject to the condition that the Committee receive evidence satisfactory to it that the transfer is
being made for estate and/or tax planning purposes (or to a “blind trust” in connection with the Participant’s termination of employment or service with the Company or a Subsidiary to assume a position with a governmental, charitable,
educational or similar non-profit institution) and on a basis consistent with the Company’s lawful issue of securities. 
  
 8.4 Beneficiaries. Notwithstanding Section 8.3, a Participant may, in the manner determined by the Committee, designate a beneficiary to
exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is
subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the
Committee. If the Participant is married and resides in a community property jurisdiction, a designation of a person other than the Participant’s spouse as his or her beneficiary with respect to more than 50% of the Participant’s interest
in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been designated or survives the Participant, payment shall be made to the person entitled thereto pursuant to the
Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change or revocation is filed with the Committee. 
  
 8.5 Share Certificates. Notwithstanding anything herein to the
contrary, the Company shall not be required to issue or deliver any certificates evidencing shares of Share pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance and delivery of
such certificates is in compliance with all Applicable Laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. All Share certificates delivered pursuant to the Plan
are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or 

  

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advisable to comply with federal, state, or foreign jurisdiction, securities or other laws, rules and regulations and the rules of any national securities
exchange or automated quotation system on which the Shares are listed, quoted, or traded. The Committee may place legends on any Share certificate to reference restrictions applicable to the Share. In addition to the terms and conditions provided
herein, the Board may require that a Participant make such reasonable covenants, agreements, and representations as the Board, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee
shall have the right to require any Participant to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee.

  
 8.6 Paperless Administration. Subject to Applicable
Laws, the Committee may make Awards, provide applicable disclosure and procedures for exercise of Awards by an internet website or interactive voice response system for the paperless administration of Awards. 
  
 8.7 Foreign Currency. A Participant may be required to provide
evidence that any U.S. dollars used to pay the exercise price of any Award were acquired and taken out of the jurisdiction in which the Participant resides in accordance with Applicable Laws, including foreign exchange control laws and regulations.

  
 ARTICLE 9 
  
 CHANGES IN CAPITAL STRUCTURE 
  
 9.1 Adjustments. In the event of any dividend, share split,
combination or exchange of Shares, amalgamation, arrangement or consolidation, spin-off, recapitalization or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other change affecting the shares of
Shares or the share price of a Share, the Committee shall make such proportionate adjustments, if any, as the Committee in its discretion may deem appropriate to reflect such change with respect to (a) the aggregate number and type of shares
that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1); (b) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or
criteria with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan. 
  
 9.2 Acceleration upon a Change of Control. Except as may otherwise be provided in any Award Agreement or any other written agreement entered into
by and between the Company and a Participant, if a Change of Control occurs and a Participant’s Options or Restricted Shares settled in Shares are not converted, assumed, or replaced by a successor, such Awards shall become fully exercisable
and all forfeiture restrictions on such Awards shall lapse; and provided such Change of Control is a change in the ownership or effective control of the Company or in the ownership of or a substantial portion of the assets of the Company within the
meaning of Section 409A of the Code, then all Restricted Share Units, shall become deliverable upon the Change of Control. Upon, or in anticipation of, a Change of Control, the Committee may in its sole discretion provide for (i) any and
all Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise such Awards during a period of time as the Committee shall determine, (ii) either the purchase of any Award for
an 

  

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amount of cash equal to the amount that could have been attained upon the exercise of such Award or realization of the Participant’s rights had such
Award been currently exercisable or payable or fully vested (and, for the avoidance of doubt, if as of such date the Committee determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the
Participant’s rights, then such Award may be terminated by the Company without payment), (iii) the replacement of such Award with other rights or property selected by the Committee in its sole discretion the assumption of or substitution
of such Award by the successor or surviving corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of Shares and prices, or (iv) provide for payment of Awards in cash based on the value of Shares
on the date of the Change of Control plus reasonable interest on the Award through the date such Award would otherwise be vested or have been paid in accordance with its original terms, if necessary to comply with Section 409A of the Code.

  
 9.3 Outstanding Awards – Other Changes. In the
event of any other change in the capitalization of the Company or corporate change other than a Change in Control if the Committee determines that action is appropriate in order to prevent the dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan or with respect to any Award under the Plan, to facilitate such transactions or events or to give effect to such changes in laws, regulations or principles, the Committee, in its sole discretion
and on such terms and conditions as it deems appropriate, either by amendment of the terms of any outstanding Awards or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Participant’s
request, is hereby authorized to take any one or more of the following actions: 
  
 (a) To provide for either (i) termination of any such Award in exchange for an amount of cash and/or other property, if any, equal to the amount that would have been attained upon the exercise of such Award (and,
for the avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this Section 9.3 the Committee determines in good faith that no amount would have been attained upon the exercise of such Award, then such
Award may be terminated by the Company without payment) or (ii) the replacement of such Award with other rights or property selected by the Committee in its sole discretion; 
  
 (b) To provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or
shall be substituted for by similar options covering the shares of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and exercise prices; and 
  
 (c) To make adjustments in the number and type of Shares (or other securities
or property) subject to outstanding Awards and/or in the terms and conditions of the Awards (including the exercise price), and the criteria included in, outstanding Awards and Awards which may be granted in the future; 
  
 (d) To provide that such Award shall be exercisable or fully vested with
respect to all shares covered thereby, notwithstanding anything to the contrary in the Plan or the applicable Award Agreement; and 
  

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 (e) To provide that the Award cannot vest or be exercised after such event. 
  
 9.4 No Other Rights. Except as expressly provided in the Plan, no
Participant shall have any rights by reason of any subdivision or consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or
consolidation of the Company or any other corporation. Except as expressly provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of any class, or securities convertible into shares of any
class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares subject to an Award or the grant or exercise price of any Award. 
  
 ARTICLE 10 
  
 ADMINISTRATION 
  
 10.1 Committee. Unless and until the Board delegates administration of the Plan to a Committee as set forth below, the Plan shall be administered
by the full Board, and for such purposes the term “Committee” as used in this Plan shall be deemed to refer to the Board. The Board, at its discretion or as otherwise necessary to comply with the requirements of Rule 16b-3 promulgated
under the Exchange Act or to the extent required by any other applicable rule or regulation, shall delegate administration of the Plan to a committee. Notwithstanding the foregoing, the full Board, acting by a majority of its members in office,
shall conduct the general administration of the Plan with respect to all Awards granted to Independent Directors and for purposes of such Awards the term “Committee” as used in this Plan shall be deemed to refer to the Board. Appointment
of Committee members shall be effective upon acceptance of appointment. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. Committee members may resign at any time by delivering written notice to
the Board. Vacancies in the Committee may only be filled by the Board. 
  
 10.2 Action by the Committee. A majority of the Committee shall constitute a quorum. The acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in writing by a majority of the
Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the
Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan. 
  
 10.3 Authority of Committee. Subject to any specific designation in
the Plan, the Committee has the exclusive power, authority and discretion to: 
  
 (a) Designate Participants to receive Awards; 
  
 (b) Determine the type or types of Awards to be granted to each Participant; 
  
 (c) Determine the number of Awards to be granted and the number of Shares to which an Award will relate; 
  

 12 

 (d) Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not
limited to, the exercise price, grant price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof,
any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; 
  
 (e) Determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price
of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 
  
 (f) Prescribe the form of each Award Agreement, which need not be identical for each Participant; 
  
 (g) Decide all other matters that must be determined in connection with an
Award; 
  
 (h) Establish, adopt, or revise any rules and
regulations as it may deem necessary or advisable to administer the Plan; 
  
 (i) Interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and 
  
 (j) Make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary or advisable to administer
the Plan. 
  
 10.4 Decisions Binding. The Committee’s
interpretation of the Plan, any Awards granted pursuant to the Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 
  
 ARTICLE 11 
  
 EFFECTIVE AND EXPIRATION DATE 
  
 11.1 Effective Date. The Plan is effective as of the date the Plan is
approved by the Company’s shareholders (the “Effective Date”). The Plan will be deemed to be approved by the shareholders if it receives the affirmative vote of the holders of a majority of the share capital of the Company
present or represented and entitled to vote at a meeting duly held in accordance with the applicable provisions of the Company’s Memorandum of Association and Articles of Association. Notwithstanding the foregoing, the Effective Date shall not
be later than the first anniversary of the date on which the Board adopts the Plan (the “Board Adoption Date”). Between the Board Adoption Date and the Effective Date, the Committee may grant Options to any persons pursuant to the terms of
the Plan, provided that none of such persons shall be allowed to exercise the Options prior to the Effective Date. 
  
 11.2 Expiration Date. The Plan will expire on, and no Award may be granted pursuant to the Plan after, the tenth anniversary of the Effective Date.
Any Awards that are outstanding on the tenth anniversary of the Effective Date shall remain in force according to the terms of the Plan and the applicable Award Agreement. 
  

 13 

 ARTICLE 12 
  

AMENDMENT, MODIFICATION, AND TERMINATION 
  
 12.1 Amendment, Modification, And Termination. With the approval of the Board, at any time and from time to time, the Committee may terminate,
amend or modify the Plan; provided, however, that (a) to the extent necessary and desirable to comply with any applicable law, regulation, or stock exchange rule, the Company shall obtain shareholder approval of any Plan amendment in
such a manner and to such a degree as required, and (b) shareholder approval is required for any amendment to the Plan that (i) increases the number of Shares available under the Plan (other than any adjustment as provided by Article 9),
(ii) permits the Committee to grant Options with an exercise price that is below Fair Market Value on the date of grant, (iii) permits the Committee to extend the exercise period for an Option beyond ten years from the date of grant, or
(iv) results in a material increase in benefits or a change in eligibility requirements. 
  
 12.2 Awards Previously Granted. Except with respect to amendments made pursuant to Section 13.14, no termination, amendment, or modification of the Plan shall adversely affect in any material way any Award
previously granted pursuant to the Plan without the prior written consent of the Participant. 
  
 ARTICLE 13 
  
 GENERAL
PROVISIONS 
  
 13.1 No Rights to Awards. No
Participant, employee, or other person shall have any claim to be granted any Award pursuant to the Plan, and neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly. 
  
 13.2 No Shareholders Rights. No Award gives the Participant any of the
rights of a Shareholder of the Company unless and until Shares are in fact issued to such person in connection with such Award. 
  
 13.3 Taxes. No Shares shall be delivered under the Plan to any Participant until such Participant has made arrangements acceptable to the Committee
for the satisfaction of any income and employment tax withholding obligations under Applicable Laws, including without limitation the PRC tax laws, rules, regulations and government orders or the U.S. Federal, state or local tax laws, as applicable.
The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant’s
payroll tax obligations) required by law to be withheld with respect to any taxable event concerning a Participant arising as a result of this Plan. The Committee may in its discretion and in satisfaction of the foregoing requirement allow a
Participant to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the
number of Shares which may be withheld with respect to the issuance, vesting, 

  

 14 

 
exercise or payment of any Award (or which may be repurchased from the Participant of such Award after such Shares were acquired by the Participant from the
Company) in order to satisfy the Participant’s federal, state, local and foreign income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of the Award shall, unless specifically approved by the Committee, be
limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income
tax and payroll tax purposes that are applicable to such supplemental taxable income. 
  
 13.4 No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with or limit in any way the right of the Service Recipient to terminate any Participant’s employment or
services at any time, nor confer upon any Participant any right to continue in the employ or service of any Service Recipient. 
  
 13.5 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments
not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary. 
  
 13.6 Indemnification. To the extent allowable pursuant to applicable
law, each member of the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from
any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction
of judgment in such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own
behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Memorandum of Association and Articles of Association, as a matter of
law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
  
 13.7 Relationship to other Benefits. No payment pursuant to the Plan shall be taken into account in determining any benefits pursuant to any
pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder. 
  
 13.8 Expenses. The expenses of administering the Plan shall be borne
by the Company and its Subsidiaries. 
  
 13.9 Titles and
Headings. The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 
  

 15 

 13.10 Fractional Shares. No fractional shares of Share shall be issued and the Committee shall
determine, in its discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up or down as appropriate. 
  
 13.11 Government and Other Regulations. The obligation of the Company to make payment of awards in Share or otherwise
shall be subject to all Applicable Laws, rules, and regulations, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register any of the Shares paid pursuant to the Plan under the Securities
Act or any other similar law in any applicable jurisdiction. If the Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Actor other Applicable Laws the Company may restrict the
transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption. 
  
 13.12 Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of Bermuda. 
  
 13.13 Section 409A. To the extent that the Committee determines
that any Award granted under the Plan is or may become subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent
applicable, the Plan and the Award Agreements shall be interpreted in accordance with Section 409A of the Code and the U.S. Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any
such regulation or other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Committee determines that any Award may be subject to
Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award
agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines is necessary or appropriate to (a) exempt the Award from
Section 409A of the Code and /or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related U.S. Department of Treasury guidance.

  
 13.14 Appendices. The Committee may approve such
supplements, amendments or appendices to the Plan as it may consider necessary or appropriate for purposes of compliance with applicable laws or otherwise and such supplements, amendments or appendices shall be considered a part of the Plan;
provided, however, that no such supplements shall increase the share limitations contained in Sections 3.1 of the Plan. 
  

 16Employment Agreement dated June 17, 2005 between the Registrant and Victor Chan

 Exhibit 10.3 
  
 EMPLOYMENT AGREEMENT 
  
 EMPLOYMENT AGREEMENT (this “Agreement”), effective as of June 17, 2005 (the “Effective Date”), by and between A-Max Technology
Limited, a company organized and existing under the laws of Bermuda (the “Company”), and Victor Hok Yiu Chan (“Executive”). 
  
 WHEREAS, the Company desires to continue to employ Executive and to enter into an agreement embodying the terms of such employment and considers it
essential to its best interests and the best interests of its stockholders to foster the employment of Executive by the Company during the term of this Agreement; 
  
 WHEREAS, Executive desires to accept such continued employment with and participation in the ownership of the Company and to
enter into this Agreement; and 
  
 WHEREAS, Executive is willing
to accept continued employment on the terms hereinafter set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties hereby agree as follows: 
  
 1. Term of Employment. Subject to the provisions of Section 10 of the
Agreement, this Agreement shall be effective for a period commencing on the Effective Date and ending on the day immediately preceding the third anniversary of the Effective Date (the “Initial Term”); provided, however, that
such term shall be automatically extended for successive twelve (12) month periods unless, no later than 60 days prior to the expiration of the Initial Term or any extension thereof, either party hereto shall provide written notice to the other
party hereto of its or his desire not to extend the term hereof (the Initial Term together with any extension shall be referred to hereinafter as the “Employment Term”). 
  
 2. Position. 
  
 (a) Executive shall serve as the Chief Executive Officer of the Company. In such position, Executive shall have such duties and authority as shall be
determined from time to time by the Board of Directors of the Company (the “Board”). Executive shall report to the Board. 
  
 (b) During the Employment Term, Executive will devote his business time and best efforts to the performance of his duties hereunder and will not engage
in any other business, profession or occupation for compensation or otherwise which would conflict with the rendition of such services either directly or indirectly, without the prior written consent of the Board. 
  
 (c) The Executive shall also be or act as the Chief Executive Officer of
A-Max Technology Co., Ltd., or such other managerial position or positions with the Company 

 or any of its subsidiaries or affiliated companies as shall hereafter be designated by the Board without additional or
further remuneration or compensation, and unless otherwise determined by the Board, shall have such authority and powers commensurate with his position(s). 
  
 3. Base Salary. During the Employment Term, the Company shall pay Executive a base salary (the “Base Salary”) at the monthly rate of HKD
            , payable in regular installments in accordance with the Company’s usual payroll practices. Upon successful completion of an initial public offering, the Base Salary will
be increased to a monthly rate of HKD             , payable in regular installments in accordance with the Company’s usual payroll practices. The Board may from time to time review and
increase Executive’s Base Salary in its sole discretion, or it may decrease such Base Salary, but only to conform with an across-the-board decrease affecting all of the Company’s senior officers. 
  
 4. Bonus. Executive shall be afforded the opportunity to earn a cash
bonus in respect of each calendar year ending during the Employment Term, the amount of which, if any, shall be determined by the Board in its sole discretion (each year’s award granted pursuant to this Section 4 shall hereinafter be referred
to as the “Bonus”). 
  
 5. Equity. Upon the
consummation of, or as soon as reasonably practicable after the consummation of, the initial public offering of ordinary shares or ADS’s representing ordinary shares of the Company pursuant to the United States Securities Act of 1933, as
amended (the “IPO”), Executive shall be granted the number of restricted ordinary shares of the Company equal to the product of (a) 30% multiplied by (b) the total shares approved by the Board and granted for the period, pursuant to the
shares based compensation plan. Such restricted ordinary shares shall be granted pursuant to the shares based compensation plan of the Company approved by the Board and such additional agreements entered into by the Company and Executive in
connection therewith. Executive may be granted additional equity in the Company on terms and at a time determined at the sole discretion of the Board. 
  
 6. Employee Benefits. During the Employment Term, Executive shall be provided with benefits on the same basis as benefits are generally made
available to other senior executives of the Company. The Company shall pay the reasonable cost of membership for the Executive, his spouse and dependent children not greater than twenty-one (21) years of age, for a private patient medical plan, with
a reputable medical expense insurance scheme as the Company shall decide from time to time. 
  
 7. Holiday. Executive shall be entitled to twenty-five (25) days annual paid holiday, at times convenient to the Company. Any entitlement to holiday remaining at the end of the calendar year may be carried
forward to the next calendar year, but no further. The entitlement to holiday (and on termination of employment to holiday pay in lieu of holiday) accrues pro rata on a monthly basis throughout the calendar year. 
  
 8. Sickness or Injury. The Executive shall be paid in full during any
period of absence from work due to sickness or injury, not to exceed thirty (30) days in any twelve (12) month period, provided that the Executive must submit satisfactory evidence of the sickness or 
  

 2 

 injury from a qualified medical practitioner with respect to any period of absence in excess of fourteen (14) days. The
Executive’s Base Salary during any period of absence due to sickness or injury shall be inclusive of any sickness allowance or other amount to which the Executive is entitled to from the Company. 
  
 9. Business Expenses. During the Employment Term, reasonable business
expenses incurred by Executive in the performance of his duties hereunder shall be reimbursed by the Company in accordance with Company policies. 
  
 10. Termination. Notwithstanding any other provision of the Agreement: 
  
 (a) For Cause by the Company. The Employment Term, and Executive’s employment hereunder, may be terminated at
any time by the Company for “Cause” upon delivery of a “Notice of Termination” (as defined in Section 10(e)) by the Company to Executive. For purposes of this Agreement, “Cause” shall mean, in each case, as reasonably
determined by the Board: (i) conviction of, or entry of a pleading of guilty or no contest by, Executive with respect to a felony or any lesser crime of which fraud or dishonesty is a material element; (ii) Executive’s willful dishonesty
towards the Company; (iii) Executive’s continued failure to perform substantially all of his duties with the Company, or a failure to follow the lawful direction of the Board after the Board delivers a written demand for substantial performance
and Executive neglects to cure such a failure to the reasonable satisfaction of the Board within 15 days; (iv) Executive’s material, knowing and intentional failure to comply with applicable laws with respect to the execution of the
Company’s business operations or his material breach of this Agreement; (v) Executive’s theft, fraud, embezzlement, dishonesty or similar conduct which has resulted or is likely to result in material damage to the Company or any of its
affiliates or subsidiaries; or (vi) Executive’s habitual intoxication or continued abuse of illegal drugs which materially interferes with Executive’s ability to perform his assigned duties and responsibilities. 
  
 If Executive is terminated for Cause pursuant to this Section 10(a), he
shall be entitled to receive only his Base Salary through the date of termination and he shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any,
due Executive following Executive’s termination of employment for Cause pursuant to this Section 10(a) shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that Executive
shall not participate in any severance plan, policy or program of the Company. 
  
 (b) Disability or Death. The Employment Term, and Executive’s employment hereunder, shall terminate immediately upon his death or following delivery of a Notice of Termination by the Company to Executive
if Executive becomes physically or mentally incapacitated and is therefore unable for a period of ninety (90) consecutive days or one-hundred twenty (120) days during any consecutive six (6) month period to perform his duties with substantially the
same level of quality as immediately prior to such incapacity (such incapacity is hereinafter referred to as “Disability”). Upon termination of Executive’s employment hereunder for either Disability or death, Executive or
Executive’s estate (as the case 
  

 3 

 may be) shall be entitled to receive his Base Salary through the date of termination and any earned but unpaid Bonus for
any calendar year preceding the year in which the termination occurs. Executive or Executive’s estate (as the case may be) shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this
Agreement. All other benefits, if any, due Executive following Executive’s termination for Disability or death shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that
Executive (or his estate, as the case may be) shall not participate in any severance plan, policy or program of the Company. 
  
 (c) Without Cause by the Company. The Employment Term, and Executive’s employment hereunder, may be terminated by the Company without Cause
(other than by reason of Executive’s death or disability) following the delivery of a Notice of Termination to Executive. If Executive’s employment is terminated by the Company without Cause (other than by reason of Disability or death),
Executive shall receive, within 30 days following termination, a lump sum payment of (i) any earned but unpaid Base Salary through the date of termination, and (ii) any earned but unpaid Bonus for any calendar year preceding the year in which the
termination occurs. In addition, subject to Executive’s Compliance with Sections 11, 12, and 13 below, Executive shall receive continued payments of the Base Salary for six (6) months following termination. Executive shall have no further
rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any, due to Executive following a termination pursuant to this Section 10(c) shall be determined in accordance with
the plans, policies and practices of the Company; provided, however, that Executive shall not participate in any severance plan, policy or program of the Company. 
  
 (d) Termination by Executive. The Employment Term, and Executive’s employment hereunder, may be terminated by
Executive following the delivery of a Notice of Termination to the Company. Upon a termination by Executive pursuant to this Section 10(d), Executive shall be entitled to his Base Salary through the date of such termination and he shall have no
further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any, due Executive following termination pursuant to this Section 10(d) shall be determined in accordance with
the plans, policies and practices of the Company; provided, however, that Executive shall not participate in any severance plan, policy or program of the Company. 
  
 (e) Notice of Termination. Any purported termination of employment by the Company or Executive shall be communicated
by a written Notice of Termination to Executive or the Company, respectively, delivered in accordance with Section 15(g) hereof. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which shall indicate the
specific termination provision in the Agreement relied upon, the date of termination, and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of employment under the provision so indicated. The
date of termination of Executive’s employment shall be the date so stated in the Notice of Termination, which date shall be no less than 30 days (90 days in the case of a termination by Executive) following the delivery of a Notice of
Termination; provided, however, that in the case of a termination for Cause by the Company, the date of termination shall be the date the Notice of Termination is delivered in accordance with Section 15(g). 
  

 4 

 11. Non-Competition/Non-Solicitation/Related Business. 
  
 (a) Executive acknowledges and recognizes the highly competitive nature of
the businesses of the Company and its subsidiaries and affiliates collectively the (“A-Max Group”) and accordingly agrees as follows: 
  
 (i) During the Employment Term and for a period of two years following the earlier of (A) the expiration of the Employment Term and (B) the date
Executive ceases to be employed by the A-Max Group (the “Restricted Period”), Executive will not directly or indirectly, (w) engage in any business for Executive’s own account that competes with the business of the A-Max Group in any
geographical area in which the A-Max Group does business, (x) enter the employ of, or render any services to, any person engaged in any business that competes with the business of the A-Max Group in any geographical area in which the A-Max Group
does business, (y) acquire a financial interest in, or otherwise become actively involved with, any person engaged in any business that competes with the business of the A-Max Group in any geographical area in which the A-Max Group does business,
directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant, or (z) interfere with business relationships (whether formed before or after the Effective Date) between the A-Max Group and
customers or suppliers of, or consultants to, the A-Max Group. 
  
 (ii) Notwithstanding anything to the contrary in the Agreement, Executive may, directly or indirectly own, solely as an investment, securities of any person that is not engaged in the business of the A-Max Group which are publicly traded on
a national or regional stock exchange or on the over-the-counter market if Executive (A) is not a controlling person of, or a member of a group which controls, such person and (B) does not, directly or indirectly, own 1% or more of any class of
securities of such person. 
  
 (iii) During the Restricted
Period, Executive will not, directly or indirectly, solicit or encourage to cease to work with the A-Max Group, or directly or indirectly hire, any person who is an employee of or consultant then under contract with any member of the A-Max Group or
who was an employee of or consultant then under contract with the A-Max Group within the six month period preceding such activity without the A-Max Group’s written consent. 
  
 (b) It is expressly understood and agreed that although Executive and the A-Max Group consider the restrictions contained
in this Section 11 to be reasonable, if a judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in the Agreement is an unenforceable restriction against Executive, the
provisions of the Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any
court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other
restrictions contained herein. 
  

 5 

 (c) Attached hereto as Exhibit A is a list of all businesses in which Executive has an equity or debt
interest on the Effective Date, and the relationships between such businesses and the A-Max Group. Executive shall update such list whenever he acquires or disposes of any such interest. 
  
 (d) The Company and A-Max Technology Co. Ltd. will be the exclusive vehicles to hold all of Executive’s portable
digital audio and consumer electronics products businesses. Any opportunities presented to Executive in the nature of portable digital audio or consumer electronics products must be offered to the Company, and not to any other affiliate or
subsidiary of the Company, without the prior consent of the Board. 
  
 12. Nondisparagement. Executive agrees (whether during or after Executive’s employment with the Company) not to issue, circulate, publish or utter any false or disparaging statements, remarks or rumors about the Company or its
affiliates or the officers, directors, managers or shareholders of the Company or its affiliates unless giving truthful testimony under subpoena. 
  
 13. Confidentiality. Executive shall not, without the prior written consent of the A-Max Group, use, divulge, disclose or make accessible to any
other person, firm, partnership, corporation or other entity, any “Confidential Information” (as defined below) except while employed by the A-Max Group, in furtherance of the business of and for the benefit of the A-Max Group, or any
“Personal Information” (as defined below); provided that Executive may disclose such information when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business
of the A-Max Group, or by any administrative body or legislative body (including a committee thereof) with jurisdiction to order Executive to divulge, disclose or make accessible such information; provided, further, that in the event
that Executive is ordered by a court or other government agency to disclose any Confidential Information or Personal Information, Executive shall (i) promptly notify the Company of such order, (ii) at the written request of the Company, diligently
contest such order at the sole expense of the Company as expenses occur, and (iii) at the written request of the Company, seek to obtain, at the sole expense of the Company, such confidential treatment as may be available under applicable laws for
any information disclosed under such order. For purposes of this Section 13, (i) ”Confidential Information” shall mean non-public information concerning the financial data, strategic business plans, product development (or other
proprietary product data), customer lists, marketing plans and other non-public, proprietary and confidential information relating to the business of the A-Max Group or its customers, that, in any case, is not otherwise available to the public
(other than by Executive’s breach of the terms hereof) and (ii) ”Personal Information” shall mean any information concerning the personal, social or business activities of the officers, directors, principals, shareholders, agents and
employees of any member of the A-Max Group . Upon termination of Executive’s employment with the Company, Executive shall return all Company property, including, without limitation, files, records, disks and any media containing Confidential
Information or Personal Information. 
  

 6 

 14. Personal Data. 
  
 (a) Executive agrees that his personal data may be used, held and/or stored (by whatever means) by the Company for the
purposes of: 
  
 (i) making disclosure as required by law or the
rules and regulation of any regulatory body, including, without limitation, the Inland Revenue Department, the Immigration Department, The Stock Exchange of Hong Kong and The Securities and Futures Commission of Hong Kong or their equivalents in any
jurisdiction; 
  
 (ii) promotion and marketing of the A-Max
Group; 
  
 (iii) compiling statistical information, employee and
shareholder profiles; 
  
 (iv) maintaining and updating the
register of members of the Company and establishing benefit entitlements, such as dividends, rights issues and bonus issues; or 
  
 (v) any other incidental purpose which is reasonably necessary or desirable in connection with the business of the A-Max Group. 
  
 (b) Executive further agrees that data held by the Company relating to him
will generally be kept confidential but the A-Max Group may, to the extent necessary for achieving the purposes set out in Section 14(a) above or any of them, make such inquiries as it considers necessary to confirm the accuracy of the personal data
and in particular, it may disclose, obtain, transfer (whether within or outside Hong Kong) his personal data to, from or with any of the following persons or entities: 
  
 (i) any regulatory or government bodies; 
  
 (ii) any agents, contractors or third party service providers who offer administrative, telecommunications, computer or
other services in connection with the operation of the A-Max Group business; 
  
 (iii) any other persons or institutions with which the A-Max Group has dealings, including banks, solicitors, accountants, stock brokers or the principal and branch share registrar; or 
  
 (iv) any other persons the Board considers such disclosure, obtaining or
transfer to be necessary or desirable to achieve the purposes set out above. 
  
 15. Specific Performance. Executive acknowledges and agrees that the Company’s remedies at law for a breach or threatened breach of any of the provisions of Sections 11, 12 or 13 herein would be inadequate
and, in recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, 
  

 7 

 the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance,
temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. 
  
 16. Miscellaneous. 
  
 (a) Acceptance. Executive hereby represents that his performance and execution of this Agreement does not and will not constitute a breach of any
agreement or arrangement to which he is a party or is otherwise bound, including, without limitation, any noncompetition or employment agreement. Executive hereby represents that he has provided the Company or its counsel with a copy of each and
every material agreement between Executive and each and every former employer of Executive. 
  
 (b) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of Hong Kong without regard to its conflicts of laws provisions. 
  
 (c) Entire Agreement/Amendments. This Agreement and the Proprietary
Invention Assignment and Confidentiality Agreement between Executive and the Company dated as of June 17, 2005 (the “Confidentiality Agreement”) contain the entire understanding of the parties with respect to the employment of Executive by
the Company as of the Effective Date. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein or in the
Confidentiality Agreement. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Sections 11, 12, 13, 14, 15 and 16 survive the termination of Executive’s employment with the Company,
except as otherwise specifically stated therein. 
  
 (d) No
Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict
adherence to that term or any other term of this Agreement. 
  
 (e) Severability. In the event that any one or more of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of
this Agreement shall not be affected thereby. 
  
 (f)
Assignment. Executive shall not have the right to assign his interest in this Agreement, any rights under this Agreement or any duties imposed under this Agreement. This Agreement may be assigned by the Company to any member of the A-Max
Group and any successor in interest to substantially all of the business operations of the Company. Such assignment shall become effective when the Company notifies Executive of such assignment or at such later date as may be specified in such
notice. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations of such successor company, provided that any assignee expressly assumes the obligations, rights and privileges of this
Agreement. 
  

 8 

 (g) Notice. For the purpose of this Agreement, notices and all other communications provided for
in this Agreement shall be in writing and shall be deemed to have been duly given if delivered personally, if delivered by overnight courier service, or if sent by facsimile transmission, addressed to the respective addresses or sent via facsimile
to the respective facsimile numbers, as the case may be, as set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only
upon receipt; provided, however, that (i) notices sent by personal delivery or overnight courier shall be deemed given when delivered and (ii) notices sent by facsimile transmission shall be deemed given upon the sender’s receipt
of confirmation of complete transmission. 
  

	
	 If to Executive, to:

	
	 10/F, A-Max Technology Tower

	 12-16 Fui Yiu Kok Street

	 Tsuen Wan, New Terrorities

	 Hong Kong

	 Fax: (852) 2753-6226

	 Attn: Diana Chan

	
	 or such other address as shall most currently appear on the records of the Company.

	
	 If to the Company, to:

	
	 10/F, A-Max Technology Tower

	 12-16 Fui Yiu Kok Street

	 Tsuen Wan, New Terrorities

	 Hong Kong

	 Fax: (852) 2753-6226

	
	 Attn: Diana Chan

  
 (h) Withholding
Taxes. The Company may withhold from any amounts payable under this Agreement such taxes and other amounts as may be required to be withheld pursuant to any applicable law or regulation. 
  
 (i) Continuation of Employment. Unless the parties otherwise agree in
writing, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment “at will” and shall not be deemed to extend any of the provisions of this Agreement, and
Executive’s employment may thereafter be terminated at will by Executive or the Company. 
  

 9 

 (j) Counterparts. This Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

			
	EXECUTIVE
	
	 /s/ Victor Chan

	
	A-MAX TECHNOLOGY LIMITED
		
	By:	 	 /s/

	 	 	Authorized Signatory

  

 11 

 EXHIBIT A 
  
 List of all businesses in which Victor Hok Yiu Chan has an equity or debt interest 
  

	(1)	Billion Creation Limited – shareholder of Company. 

  

	(2)	Teambest Limited – shareholder of Company. 

  

	(3)	Vital Champion Limited – shareholder of Company. 

  

	(4)	A-Com Computer (Hong Kong) Limited – dormant company and no relationship to A-Max Group 

  

 12

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