Document:

EX-4.22

 Exhibit 4.22 
 To: HSBC Bank (China) Company Limited,              Branch 
 CROSS GUARANTEE 
 1. Definitions 
 “Bank” means HSBC Bank (China) Company Limited,              Branch and its successors and assignees; 

“Banking Facilities” means such facilities as the Bank may make or continue to make available to the Customer; 

“Customer” means the person whose name and address are specified in the Schedule; 
 “Default Interest” means interest at such rate as the Bank may specify, compounded monthly if not paid on the dates specified by the Bank; 

“Exchange Rate” means the rate for converting one currency into another currency which the Bank determines to be prevailing in the relevant
foreign exchange market at the relevant time, such determination to be conclusive and binding on the Guarantor; 
 “Guaranteed Moneys”
means (i) all principal in any currency owing by the Customer to the Bank at any time during the Guaranteed Period, actually or contingently, in any capacity, alone or jointly with any other person, (ii) interest on such principal (both before and
after any demand or judgment), to the date on which the Bank receives payment, at the rates payable by the Customer or which would have been payable but for any circumstance which restricts payment, (iii) other amount owing by the Customer to the
Bank under or in relation to the Banking Facilities and (iv) expenses of the Bank in’ enforcing this Guarantee on a full indemnity basis; 

“Guaranteed Period” means the period commencing from the date of this Guarantee and ending on the date falling one calendar month after receipt
by the Bank of the termination notice referred to in Clause 3.1; 
 “Guarantor” means the person(s) whose name and address are
specified in Part 2 of the Schedule II; 
 “Maximum Liability” means the sum specified in the Schedule plus Default Interest on that
sum or part thereof (to the extent that it is not paid by the Guarantor on demand by the Bank) and expenses of the Bank in enforcing this Guarantee on a full indemnity basis; where a liability for Guaranteed Moneys’ is incurred in a currency
different from the currency in which the Maximum Liability is stated and the equivalent of that liability in the currency in which the Maximum Liability is stated, calculated at the then applicable Exchange Rate upon determination of the liability,
has increased since it was incurred, that increase shall be added to the Maximum Liability; 
 “person” includes an individual, firm,
company, corporation and an unincorporated body of persons; and 
 “PRC” means the People’s Republic of China, for the purpose of
this Guarantee, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan. 
 2. Guarantee

 2.1 In consideration of the Banking Facilities, each of the Guarantors guarantees to pay the Guaranteed Moneys to the Bank on demand provided
that the aggregate amount paid by each of the Guarantors under this Guarantee shall in no case exceed the Maximum Liability. 
 2.2 Without
prejudice to the provisions under Clause 2.1, this Guarantee Letter shall be deemed an independent guarantee provided by each of the Guarantors in respect of the Guaranteed Moneys, the maximum amount of which shall in no case exceed the Maximum
Liability 

 2.3 The Guarantor shall pay Default Interest (to the extent that it is not paid by the Customer) on the
Guaranteed Moneys from the date of demand by the Bank on the Guarantor until the Bank receives payment of the whole of the Guaranteed Moneys (both before and after any demand on-judgment or any circumstance which restricts payment by the Customer).

 2.4 A certificate of balance signed by any duly authorised officer of the Bank shall be conclusive evidence against the Guarantor of the
amount of the Guaranteed Moneys owing at any time. 
 2.5 The Bank shall be entitled to retain the benefit of this Guarantee as against the
Guarantor and any security it has in respect of the ’ Guaranteed Moneys for such period as the Bank may certify to the Guarantor to be appropriate in order to protect the interests of the Bank in respect of the Guaranteed Moneys. 

3. Continuing and Additional Security 
 3.1
This Guarantee is a continuing security and shall secure the whole of the Guaranteed Moneys until one calendar month after receipt by the Bank of notice in writing by the Guarantor or a liquidator or receiver of the Guarantor or the representative
for a dead individual Guarantor to terminate it. In case an individual Guarantor is dead, this Guarantee shall, as a continuing security, be binding on the heir, executor, successor or administrator of such Guarantor before the expiry of the
foregoing notice period. Nevertheless and despite the giving of such notice, this Guarantee shall continue to apply to the Guaranteed Moneys in respect of which the Customer is or becomes actually or contingently liable up to such termination
(together with the interest and other amount payable in relation to such Guaranteed Moneys after the termination) and the Guarantor guarantees to pay such “Guaranteed Moneys” (together with the interest and other amount payable in relation
to such Guaranteed Moneys after the termination) to the Bank on demand whether that demand is made before, at the time of or after such termination. 
 3.2 The termination notice referred to in Clause 3.1 above shall not be served within the Minimum Guaranteed Term set out in Part 4 of the Schedule II hereof. 

3.3 Even though it is required in Clause 3.1 that the termination notice shall be given by all Guarantors, the Bank may base on the notice given by one
or more Guarantors to terminate the liabilities of such Guarantor(s) as provided under Clause 3.1, without affecting or terminating the liabilities of other Guarantors, and this Guarantee shall continue to apply to such other Guarantors as if they
were the only Guarantors. 
 3.4 If this Guarantee is no longer binding on certain Guarantors due to any reason, it shall, as a continuing
security, continue to apply to other Guarantors subject to the provisions of Clause 3.1. 
 3.5 This Guarantee is in addition to any other
guarantee, mortgage, pledge or other security held by the Bank and shall not be affected by and may be enforced despite the existence of or any waiver by the Bank regarding any such guarantee, mortgage, pledge or other security. The Bank shall not
be obliged to enforce any other security before enforcing the guarantee hereunder. 
 4. Customer’s Account 

The Bank may, at any time and despite the termination of this Guarantee, continue any existing account and open any new account in the name of the
Customer and no subsequent transactions, receipts or payments involving such new accounts shall affect the liability of the Guarantor. 

 5. Payments 
 5.1 Payments by each of the Guarantors shall be made to the Bank as specified by the Bank without any set-off, counterclaim, withholding or condition of any kind except that, if the Guarantor is compelled
by law to make such withholding, the sum payable by the Guarantor shall be increased so that the amount actually received by the Bank is the amount it would have received if there had been no withholding. 

5.2 Payment by each of the Guarantors to the Bank shall be in the currency of the relevant liability or, if the Bank so agrees in writing, in a different
currency, in which case the conversion to that different currency shall be made at the Exchange Rate. 
 5.3 No payment to the Bank under this
Guarantee pursuant to any judgment, court order or otherwise shall discharge the obligation of any Guarantor in respect of which it was made unless and until payment in full has been received in the currency in which it is payable under this
Guarantee and, to the extent that the amount of any such payment shall, on actual conversion into such currency, at the Exchange Rate, fall short of the amount of the obligation, expressed in that’ currency, any of the Guarantors shall be
jointly and severally liable for theshortfall. 
 5.4 Any moneys paid to the Bank in respect of the Guaranteed Moneys may be applied in or
towards satisfaction of the same or placed to the credit of such temporary or impersonal account as the Bank may determine with a view to preserving its rights to prove for-the whole of the Guaranteed Moneys. 

5.5 If any moneys paid to the Bank in respect of the Guaranteed Moneys are required to be repaid by virtue of any law relating to insolvency, bankruptcy
or liquidation or for any other reason, the Bank shall be entitled to enforce this Guarantee as if such moneys had not been paid. 
 6. Set-off

 The Bank may, at any time and without notice, apply any credit balance to which the Guarantor is entitled on any account with the Bank in or
towards satisfaction of the Guaranteed Moneys. For this purpose, the Bank is authorised to purchase, at the Exchange Rate, such other currencies as may be necessary to effect such application with the moneys standing to the credit of such account

 7. Guarantor as Principal Debtor 

The liability of the Guarantor under this Guarantee shall not be discharged or otherwise affected by reason of the Bank entering into any agreement or
arrangement with the Customer or any other person or by reason of any legal limitation, disability or incapacity or any other act, omission or circumstance which, but for this provision, would discharge the Guarantor to any extent. Any Guaranteed
Moneys which may not be recoverable from the Customer for any such reason shall be recoverable by the Bank from the Guarantor as principal debtor by way of indemnity, on demand, together with Default Interest thereon in accordance with Clause 2.2.

 8. Waiver of Defense 
 Each of the Guarantors hereby consents and agrees to each of the following, and agrees that its obligations under this Guarantee shall not be released, diminished, impaired, reduced or adversely affected
by any of the following, and waives any statutory or other rights (including without limitation rights to notice) which it might otherwise have as a result of or in connection with any of the following: 

(i) any amendment to or variation of the terms of the Banking Facilities; 
 (ii) any renewal, forbearance or extension of the Banking Facilities 
 (iii) any adjustment,
indulgence, forbearance or compromise that might be granted or given by the Bank to the Customer, the Guarantor or any other party liable for payment of any or all of the Guaranteed Moneys; 
 (iv) any release, exchange, subordination or loss of any guarantee or security at any time existing in connection with, or assuring or securing payment of, all or any part of the Guaranteed Moneys;

 (v) the failure of the Bank or any other party to exercise diligence or reasonable care in the preservation, protection, enforcement, sale or
other handling of all or any part of any security; 
 (vi) the release, discharge or waiver of any Guarantor’s obligation under this
Guarantee, the giving of any grace period for payment, the acceptance of any negotiated payment or other arrangements with any Guarantor; 

(vii) the reorganization, merger or consolidation of the Customer into or with any other person; or 

(viii) any other action or omission to act which but for this provision would discharge the Guarantor from any part of its liability under this
Guarantee. 
 9. Enforceability 
 If
all or part of this Guarantee becomes unenforceable on any Guarantor at any time by any reason, this Guarantee shall be still applicablse and enforceable to other Guarantors as if this Guarantee was provided to the Bank by such other Guarantors
only. 
 10. Subordination 
 10.1 The
Guarantor shall not, until the whole of the Guaranteed Moneys have been received by the Bank, exercise its rights of subrogation, indemnity, set-off or counterclaim against the Customer or its rights to participate in any security the Bank has in
respect of the Guaranteed Moneys or, unless required by the Bank to do so, to prove in the bankruptcy or liquidation of the Customer. The Guarantor shall hold any amount recovered, as a result of the exercise of any of such rights, on trust for the
Bank and shall pay the same to the Bank immediately on receipt. 
 10.2 The Guarantor has not taken any security from any or all Customers or
other Guarantors and agrees not to do so until the Bank has received the whole of the Guaranteed Moneys. Any security taken by the Guarantor in breach of this provision shall be held in trust for the Bank as security for the Guaranteed Moneys and
all moneys at any time received in respect thereof shall be paid to the Bank immediately on receipt. 

 11. No Waiver 
 No failure to exercise, nor any delay in exercising, any of the rights or remedies under this Guarantee shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy
prevent any further or other exercise thereof or the exercise of any other right or remedy. 
 12. Consent 

Each of the Guarantors agrees that the Bank may, for such purposes as the Bank may consider reasonably appropriate, disclose and/or obtain information
concerning the Guarantor (including details of and relating to all or any transactions or dealings between the Guarantor and the Bank) to or from: 
 (i) any agent, contractor or third party service provider (whether situated within or outside the PRC) which provides administrative, telecommunication, computer, payment, processing or other services to
the Bank in connection with the operation of its business; 
 (ii) credit reference agencies; 

(iii) any person to whom the Bank is under an obligation to make disclosure under the requirements of any applicable laws regulations or judicial
process; and 
 (iv) any actual or proposed participant or sub-participant of the Banking Facilities (or any part thereof). 

In the event that such information includes the personal or other data of any third party or individual, each of the Guarantors confirms and warrants
that it has obtained the consent of such third party or individual to the provision of such data to the Bank for such purposes and for disclosure to such persons as referred to in this Clause. The Guarantor will indemnify and hold the Bank harmless
from all costs, penalties, damages and other losses incurred as the result of any breach of the terms of this Clause. 
 13. Assignment

 13.1 The Guarantor may not assign or transfer any of its rights or obligations hereunder. The Bank may assign all or any part of its rights
hereunder to a person in whose favour it has made an assignment of all or any of the Banking Facilities. 
 13.2 Without prejudice to the
foregoing and any right of assignment enjoyed by the Bank under any applicable law or any other document, the Bank may, without the Guarantor’s consent, assign any and/or all of its rights and obligations hereunder to any HSBC Group member(s)
that are/is more than 50% owned or controlled by HSBC Group or to any branch or sub-branch of the Bank. 

 14. Communications 
 Any notice, demand or other communication under this Guarantee shall be in writing addressed to the Guarantor at its registered office address or at the last address registered with the Bank and addressed
to the Bank at its office specified in Part 3 of the Schedule II or such other address as the Bank may notify to the Guarantor for this purpose and may be delivered personally, by leaving it at such address, by post, facsimile transmission or telex
and shall be deemed to have been delivered to the Guarantor at the time of personal delivery or on leaving it at such address or on the second day following the day of posting or on the day of dispatch, if sent by facsimile transmission or telex,
and to the Bank on the day of actual receipt. 
 15. Severability 
 Each of the provisions of this Guarantee is severable and distinct from the others and, if one or more of such provisions is or becomes illegal, invalid or unenforceable, the remaining provisions shall
not be affected in any way. 
 16. Governing Law and Jurisdiction 
 16.1 The Guarantee is governed by and shall be construed in accordance with the laws of the PRC. 

16.2 Each of the Guarantors submits to the jurisdiction of the court at the place of the principal office of the Bank. Nothing in this Clause 16.2 limits
the right of the Bank to bring proceedings against the Guarantor in connection with this Guarantee in any other court of any competent jurisdiction. 
 17. Execution 
 This Guarantee has been entered into by the Guarantor
on             . 

 Schedule I 
 Details of Customer 
  

			
	 Name

Zastron Electronic (Shenzhen) Co., Ltd.
	 	
Address
 Namtai Industrial Estate, Gushu,
Xixiang, Baoan,
 Shenzhen China

	Wuxi Zastron Precision-Flex Co., Ltd.	 	No. 502 Xida Road, Meicun, Wuxi, China.

 Schedule II 
 Part 1 Details of Guarantor 
  

			
	 Name
 Zastron Electronic (Shenzhen) Co., Ltd.
	 	
Address
 Namtai Industrial Estate, Gushu,
Xixiang, Baoan,
 Shenzhen China

	Wuxi Zastron Precision-Flex Co., Ltd.	 	No. 502 Xida Road, Meicun, Wuxi, China.

 Part 2 Address of Bank’s Office (for the purpose of Clause 14 only) 

 

	
	 8/F China Resources Building, No. 5001, Shennan Road East,
Luohu District, Shenzhen, the PRC

 Part 3 Subject to the definition of Maximum Liability in this Guarantee, the specific amount of the
Maximum Liabilities* is: 
  

	
	RMB370,000,000

 Part 4 Minimum Guaranteed Term** 

 

	
	months from the date of this Guarantee.

  

	*	The Maximum Liabilities shall at least include the principal, any expected interest, default interest, fees and other charges. s 

 

	**	The Minimum Guaranteed Term shall cover at least the last repayment date under any existing and proposed facility. 

 Executed by the Guarantors: 

 

					
	 Signature of Authorized

Signatory
 /s/ Koo Ming Kown
	  	 Signature of Authorized

Signatory
	  	 Company
 Chop
 Zastron Electronic (Shenzhen)
 Co., Ltd.

	 Name: Koo Ming Kown

 
 Office:
	  	 Name:

 
 Office:
	  
	  
 Identification Document Type
 and
Number
	  	  
 Identification Document Type
 and Number
	  
	 Authorization Date pursuant to

BOD Resolution

 
	  	 Authorization Date pursuant
to
 BOD Resolution
	  
	 Signature of Authorized

Signatory
 /s/ Koo Ming Kown
	  	 Signature of Authorized

Signatory
	  	 Company
 Chop
 Wuxi Zastron Precision-Flex Co.,
 Ltd.

	 Name: Koo Ming Kown

 
 Office:
	  	 Name:

 
 Office:
	  
	  
 Identification Document Type
 and
Number
	  	  
 Identification Document Type
 and Number
	  
	 Authorization Date pursuant to

BOD Resolution

 
	  	 Authorization Date pursuant
to
 BOD ResolutionEX-4.23

 Exhibit 4.23 
 Banking Facility Letter 
 Agreement No.: (2011) Nanzi 0011818815 

Lender : China Merchants Bank Co., Ltd. Shenzhen Jinzhonghuan Sub-branch (hereinafter referred to as “Party A”) 

Borrower:Wuxi Zastron Precision-Flex Co., Ltd. (hereinafter referred to as “Party B”) 
 As applied for by Party B, Party A agrees to grant banking facilities to Party B. This agreement is hereby made by and between Party A and Party B as follows upon consultation in accordance with relevant
laws. 
 Article 1 Facility Limit 
 1.1 Party A grants Party B a facility limit of Renminbi fifty million only (including the amount equivalent in other currencies, where “the exchange rates applied will be the rates published by Party
A at the time each specific service is provided, the same applies hereinafter), which is (please select with “ü”) 
 [ü] revolving facility of Renminbi fifty million only; 
 [    ] one-off facility of            . 
 Revolving facility limit means the maximum limitation of the sum of principal balances of credit facilities Party A offers to Party B like continuous, revolving loans, trade financing, discounting bills
of exchange, commercial bill acceptance, letters of guarantee, legal person account overdraws, domestic factoring etc. 
 One-off credit
facility is the amount specified herein which cannot be exceeded during the term of facility by the accumulated amount of all cases of credit granting Party B applies for with Party A case by case. Party B shall not revolve the one-off facility. The
amounts corresponding to a number of cases of credit granting applied for by Party B will use the one-off facility until the credit line is reached. 
 “Trade Financing” includes such services as issuance of letter of credit, import bill advance, delivery against bank guarantee, import collection bill advance, packing loan, export bill
purchase, export collection bill purchase, import/export remittance financing, short-term credit insurance financing, import factoring, export factoring (two-factor non-recourse factoring except that in Party A’s system, the same applies
hereinafter) etc. 
 1.2 If Party A operates in import factoring, domestic non-recourse factoring where Party B is the payer, the
creditor’s rights of receivables from Party B that is assigned to Party A shall use the above facility; if Party B applies for domestic factoring or export factoring services with recourse with Party A, the basic purchase fund (basic factoring
fund) shall use the above facility. 

 1.3 Where after issuing a letter of credit, Party A authorizes other China Merchants Bank branches to issue
letters of credit to beneficiaries for the requirement of its internal process, the issuance of such L/C and the import bill advance and delivery against bank guarantee there under shall use the above facility; 

1.4 The above facility shall not include the portion of facility amount corresponding to the guarantee deposit or deposit certificate hypothecation
provided by Party B or the third party for a particular service only under this Agreement. The same shall apply hereinafter. 

[    ]1.5 The outstanding balance , if any, for specific services provided under the previous facility agreement numbered
             between Party A and Party B shall be included automatically in this Agreement as of the effective date of this Agreement and directly use the facility under this Agreement (if
this clause applies, please tick in [    ]). 
 Article 2 Term of Banking Facility 

The term of banking facility shall be one year from 18 January 2012 to 18 January 2013. Party B shall file facility application with Party A
during the Term, and Party A will not accept applications filed after the expiry date of the Term except otherwise specified herein. 

Article 3 Use of Facility 
 3.1 Type and
scope of the facility 
 The above facility is (please select one of the followings with
“ü”): 
  

	3.1.1	General facility limit, which encompasses the following services (please fill out as they are): 

 Working capital loan, trade financing, letter of guarantee 
 In the meantime, Party B can (fill
“can” or “cannot”) mix the use of the above limit and (the followings can be selected with “ü”): 
 [ü] the facility is available for mixed use by all the services; 
 [    ] the facility is available for mixed use by some of the services, which are      and      ; 

(    ) 3.1.2      Single-item facility limit. 
 3.2 During the term of facility, the revolving facility can be revolved and the one-off facility cannot be revolved. Party B must apply for use of the facility case by case and Party A shall approve in
the same way. Each loan or the amount, term, specific purpose, etc. of other facility may be provided in a separate contract (including IOU), or agreement on a specific service, or be stipulated by a relevant service requisition submitted by Party B
to Party A and accepted by Party A. 

 Under domestic factoring without recourse, the Notice of Transfer of Creditor’s Rights of Receivables
given to Party B by Party A shall be deemed as “a contract on specific service” concluded between Party A and Party B upon confirmation by Party B in the manner approved by Party A. 
 3.3 For each loan or other facility within the facility limit, the specific term of use shall be determined based on the operational needs of Party B and the management regulations of Party A. The expiry
date of each specific service can be later than the expiry date of the Term of facility. 
 Article 4 Interest and Fees 

The loans within the facility limit, interest rate for financing and charges collected for relevant services shall be subject to the provisions of each
specific contract. 
 Article 5 Guarantee Clause 
 5.1 Namtai Investment (Shenzhen) Co., Ltd. and Zastron Electronic (Shenzhen) Co., Ltd. are the guarantors of joint and several liability for all the debts owed by Party B to Party A under this Agreement,
and shall issue an irrevocable guarantee for maximum amount to Party A. 
 5.2 For all the debts owed by Party B to Party A under this
Agreement,              mortgages (pledges) all of the property it owns or is entitled to dispose of according to law, for which a separate guarantee contract shall be concluded.

 In the event that the guarantors fail to sign the document of guarantee and complete the guarantee formalities in accordance with this
clause, Party A is entitled to refuse to grant facility to Party B. 
 Article 6 Rights and Obligations of Party B 

6.1 Party B is entitled to the following rights: 

6.1.1 To require Party A to grant loans or other facility within the facility limit in accordance with the conditions specified herein; 

 

	6.1.2	To use the facility in accordance to the provisions of this Agreement; 

 6.1.3 To require Party A to keep the confidential information provided by Party B about production, operation, property, accounts, etc. except that otherwise provided by laws and regulations or required
by regulators; 
  

	6.1.4	To transfer its debts to the third party subject to consent from Party A. 

 6.2 Party B shall assume the following obligations: 
 6.2.1 To provide authentic documentary
information required by Party A, including but not limited to, provide its authentic financial statements and annual reports, major decisions and changes on production, operation and management, on a regular basis as required by Party A, as well as
the information about all its account banks, bank account numbers and credit and debit balances, and cooperate in investigations, examinations and inspections conducted by Party A; 

 6.2.2 To subject itself to the supervision by Party A of its use of the loan capital and related production,
operational and financial activities; 
 6.2.3 To use loans and/or other facilities in accordance with this Agreement and each specific contract
and/or promised purposes; 
 6.2.4 To repay the principal and interest of loans, advances and facility debts in due time and in full amount in
accordance with this Agreement and each specific contract; 
 6.2.5 To obtain written consent from Party A before transferring all or part of
its debts under this Agreement to the third party; 
 6.2.6 To notify Party A without delay and cooperate with Party A in implementing the
safeguards for the repayment of the principal and interest of loans, advances and other credit debts as well as all relevant fees under this Agreement if the following circumstance applies to Party B; 

 

	6.2.6.1	occurrence of major financial loss, asset loss or other financial crisis; 

 6.2.6.2 Granting loans or providing guarantees/warranties to the third party, or mortgaging (pledging) its own assets (rights) as security; 
 6.2.6.3 Occurrence of changes such as merger (acquisition), split, reorganization, joint venture (collaboration), transfer of title (equity), shareholding reform, etc. 

6.2.6.4 Occurrence of discontinuance of business, business license revocation or deregistration, bankruptcy application or being applied for dissolution,
etc.; 
 6.2.6.5 Its operation is affected as the result of significant crisis in the operation or finance of its controlling shareholder and
other affiliates; 
 6.2.6.6 Its operation is affected as the result of major related transactions with its controlling shareholder and other
affiliates; 
 6.2.6.7 Occurrence of any lawsuit, arbitration, or criminal or administrative sanctions that lead to significant negative
consequences to its operation or property conditions; 
 6.2.6.8 Occurrence of other significant events that may influence its solvency.

 6.2.7 Not to be indolent in managing and recovering its due claim ,or dispose of its existing major assets for nothing and in other
inappropriate ways. 

 Article 7 Rights and Obligations of Party A 
 7.1 Party A is entitled to the following rights: 
 7.1.1 To require Party B to repay the principal
and interest of the loans, advances and other credit debts under this Agreement and specific contracts in due time and in full amount; 
  

	7.1.2	To require Party B to provide information related to its facility limit; 

  

	7.1.3	To know the production, operational and financial activities of Party B; 

 7.1.4 To supervise the use of loans and/or other facilities by Party B for the purposes specified herein and in each specific contract; 
 7.1.5 To authorize other China Merchants Bank branches in the locations of beneficiaries to issue L/Cs to the beneficiaries for the requirement of its internal process after approving Party B’s
application to issue L/C; 
 7.1.6 To deduct amounts directly from Party B’s account for repaying the debts owed by Party B under this
Agreement and each specific contract; 
 7.1.7 To transfer its creditor’s rights against Party B, and take the means it considers
appropriate, including, without limitation, notifying Party B of the transfer via facsimile, post, delivery by hand, announcement on public media, etc. and pressing Party B for repayment; 

 

	7.1.8	Other rights provided herein. 

 7.2 Party A
shall assume the following obligations: 
 7.2.1 To grant loans or other facilities within the facility limit to Party B in accordance with the
conditions provided herein and each specific contract; 
 7.2.2 To keep confidential the information about Party B’s assets, finance,
production and operation, except that otherwise stipulated by laws and regulations and required by regulators. 
 Article 8 Party B
particularly warrants that: 
 8.1 Party B is an entity with the legal personality duly incorporated and legally existing in accordance with
the Chinese law, with full capacity for civil conduct to execute and perform this Agreement; 
 8.2 The execution and performance of this
Agreement have been fully authorized by the Board or any other body with authority; 
 8.3 The documents, data, vouchers, etc. related to Party
B, guarantors, mortgagors (pledgors), and guaranties are authentic, accurate, complete and valid, without any significant error inconsistent with facts or omission of any significant fact; 

 8.4 It complies with the provisions of each specific contract and of the issuing undertakings, trust
receipts and other relevant documents it issues to Party A; 
 8.5 There are no lawsuits, arbitrations, or criminal or administrative sanctions
that may lead to major negative consequences to Party B or the main assets of Party B at the time this Agreement is executed, and there will be no such lawsuits, arbitration, or criminal or administrative sanctions during the performance of this
Agreement; In case of such occurrence, Party B shall notify Party A immediately; 
 8.6 It abides by all laws and regulations of the state in
its operational activities, operates all businesses in accordance with the business scope stipulated by its business license or approved according to laws, and completes the formalities for annual registration inspection in due time; 

8.7 It maintains or improves existing level of operation and management, secures and increases the values of existing assets; neither abandons any
creditor’s rights due nor disposes of existing major assets for nothing or in other inappropriate ways; 
 8.8 Without approval from Party
A, Party B shall not reimburse other long-term debts in advance and            ; 

8.9 No other significant events that affect the performance of its obligations by Party B under this Agreement happen to Party B at the time this
Agreement is executed. 
 Article 9 Other Fees and Charges 
 Party B shall bear the costs for credit investigation, inspection and notarization in connection with this Agreement, and all the expenses such as attorney fees, litigation fees, travel expenses,
announcement fees, delivery expenses, etc. paid by Party A in order to exercise its creditor’s rights in the event Party B fails to pay the debts owed to Party A under this Agreement in due time. Party B authorizes Party A to deduct the amount
from Party B’s bank account with Party A. If the balance on the account is insufficient, Party B warrants to pay the outstanding debts upon receipt of Party A’s notice. 
 Article 10 Instances of Breach of Agreement and Settlement 
 10.1 If any of the following
circumstances applies to Party B, it is deemed that an instance of breach of the agreement has occurred: 
 10.1.1 Providing false information
or hiding important facts, not cooperating with Party A in investigation, examination or inspection in violation to the obligations provided in section 6.2.1 herein; 
 10.1.2 Not subjecting itself to the supervision by Party A of its use of the credit funds and of related production, operational and financial activities in violation to the obligations provided in
section 6.2.2 herein; 

 10.1.3 Not using the loans and/or other facilities for the purposes as specified herein or in each specific
contract in violation to the obligations provided in section 6.2.3 herein; 
 10.1.4 Not to repay the principal and interest of loans, advances
and other credit debts in time and in full amount in accordance with the provisions of this Agreement and /or each specific contract in violation to the obligations provided in section 6.2.4 herein; 

10.1.5 To transfer its debts under this Agreement by itself to the third party without authorization in violation to the obligations provided in section
6.2.5; or to be indolent in managing and recovering its creditor’s rights due or dispose of existing major assets for nothing or in other inappropriate ways in violation to the obligations provided in section 6.2.7 herein; 

10.1.6 Not to notify Party A in time in the circumstances provided in this article, or not to cooperate where Party A requires Party B to enhance the
safeguards for paying the debts under this Agreement after Party A knows that Party B is in any of the circumstances provided in this article, or Party A thinks it unfavorable to the recovery of the principal and interest of credit, in violation to
the obligations provided in section 6.2.6 herein; 
 10.1.7 To violate sections 8.1, 8.2 and 8.5, or sections 8.3, 8.4, 8.6, 8.7, 8.8 and 8.9
herein and not to make corrections immediately as required by Party A; 
  

	10.1.8	Other instances Party A deems to impair Party A’s legal rights and interests. 

 10.2 Where a guarantor is in any of the following circumstances, Party A deems that it may affect the guarantor’ ability to provide guarantee, and asks the guarantor to eliminate the negative effect
caused thereby, or requires Party B to add or change conditions for guarantee, but the guarantor and Party B fails to cooperate, it shall be deemed that an instance of breach has occurred: 

 

	10.2.1	Where any of the circumstances set out in section 6.2.6 herein occurs; 

 10.2.2 Hiding his actual ablity of assuming the guarantee responsibility when issuing an irrevocable letter of guarantee, or failing to be authorized by the authority; 

 

	10.2.3	Failing to complete the formalities for annual registration inspection in due time; 

 10.2.4 Being indolent in managing and recovering its creditor’s rights due, or disposing of existing major assets for nothing or in other inappropriate ways. 

10.3 Where the mortgagor (pledgor) is in any of the following circumstances, Party A deems that the mortgage (pledge) may become invalid or its value is
insufficient, and asks the mortgagor (pledgor) to eliminate the negative effect caused thereby or requires Party B to add, change conditions for guaranty, but the mortgagor (pledgor) fails to cooperate, it shall be deemed that an instance of breach
of the Agreement has occurred: 

	10.3.1	Having no title to or right to dispose of the guaranty (pledge), or its ownership is in dispute; 

 10.3.2 The guaranty (pledge) has been leased, sealed up, detained, overseen, or carries a legal, prior priority, including, without limitation, priority to construction payment, etc. and/or the mortgagor
(pledgor) hides such facts that are existing; 
 10.3.3 The mortgagor transfers, leases, remortgages or disposes of in any other inappropriate
way the guaranty without written consent from Party A, or despite of such written consent, the income from disposal of the guaranty is not used to discharge the debts Party B owes to Party A as required by Party A; 

10.3.4 The mortgagor fails to take good care of, protect and maintain the guaranty, which derogates the value of the guaranty; or the mortgagor’s
act directly endangers the guaranty, derogates the value of the guaranty; or the mortgagor fails to have the guaranty insured as required by Party A during the term of mortgage. 
 10.4 Upon occurrence of any instance of breach specified in sections 10.1, 10.2 and 10.3, Party A is entitle to take the following measures separately or collectively: 

 

	10.4.1	To cut the credit line under this Agreement, or cease the granting of the outstanding credit facility; 

10.4.2 To recover in advance the principal and interest of, and the fees and charges related to, the loans that have been granted within the credit line;

 10.4.3 For the bills of exchange Party A has accepted or the L/Cs, letters of guarantee, letters of delivery against bank guarantee Party A
has issued or had issued during the term of facility, regardless of any advance from Party A, Party A can require Party B to increase the amount of the guarantee deposit, or transfer the deposit of Party B on other accounts with Party A into its
guarantee deposit account for repaying the subsequent advances from Party A under this Agreement, or draw the applicable amount and deposit with the third party as the guarantee deposit for subsequent advances paid by Party A for Party B;

 10.4.4 To require Party B to perform its repurchase obligation immediately for the outstanding creditor’s rights of receivables that is
assigned by Party B to Party A under domestic factoring, export factoring with recourse; to recover the creditor’s rights of receivables immediately that is assigned by Party B to Party A under domestic factoring, export factoring without
recourse. 
 10.4.5 To deduct and collect the amounts on Party B’s settlement account and/or other accounts to discharge all the debts of
Party B under this Agreement and each specific contract; 
  

	10.4.6	To perform recovery in accordance with Article 13 herein. 

 Article 11 Modifications to and Termination of the Agreement 

This Agreement can be modified or terminated subject to a written agreement upon consultation between the Parties. This Agreement shall remain in force
and effect until such written agreement is concluded. Neither Party shall unilaterally modify, amend or terminate this Agreement without authorization. 
 Article 12 Miscellaneous 
 12.1 During the term of the Agreement, any tolerance, extension
given by Party A to Party B’s any act of breach or delay, or postponement of the exercise of the interests or rights Party A is entitled to herein shall neither impair, affect or restrict all the interests and rights Party A is entitled to
according to relevant laws and this Agreement as the creditor herein, nor be used as Party A’s approval or acceptance of any act in breach of this Agreement, nor be deemed as Party A’ waiver of the right to take actions against current or
future acts of breach. 
 12.2 Where this Agreement becomes legally invalidated in full or in part for whatever reasons, Party B shall be liable
to discharge all the debts it owes to Party A under this Agreement. In the above case, Party A is entitled to terminate the performance of this Agreement, and can recover all the debts Party B owes immediately. 

12.3 All notices and requests from Party A and Party B in connection with this Agreement shall be made and given in writing. 

Party A’s contact address: China Merchants Bank, Ground Floor, Golden Central Tower, Jintian Road, Futian, Shenzhen 

Party B’s contact address: Lot A64-2 Plant, Meicun Industrial Zone, Wuxi New District, Wuxi 

A notice or request shall be deemed to have been serviced, on the date the recipient receives and signs it (or on the date of rejection if it is rejected
by the recipient) if delivered by hand; seven days after it is sent, if sent by post; or after the facsimile system of the recipient receives the fax, if sent by facsimile; 
 or on the date of announcement, if Party A notifies Party B of transfer of creditor’s rights or presses Party B for repayment through announcement on public media. 

Either Party shall notify the other Party without delay should it change its contact address, or else it shall bear possible losses incurred thereby on
its own. 
 12.4 The Parties agree that any service requisition under trade financing will be accepted as long as it bears the seal as on the
Letter of Authorization on Specimen provided to Party A, and both of the Parties accept the effectiveness of the seal. 
 12.5 Written
supplementary agreements on the matters not provided herein or modifications that are concluded upon consultation between the Parties, and each specific contract under this Agreement as appendix hereto, constitute integral part of this Agreement.

 12.6 During the term of this Agreement, Party B shall not put the fixed assets Party B owns or is entitled
to dispose of according to law in mortgage/pledge/encumbrance in any other forms where the third party other than Party A is the right holder. If Party B violates the above undertaking, Party A is entitled to deem that Party B has fundamentally
breached this Agreement, and then take all remedies as specified in section 10.4 herein, either separately or collectively. 
  

	12.7	             

 

	12.8	             

 Article 13 Governing Law and Dispute Resolution 
 13.1 The conclusion and construction of
this Agreement, and the resolution of disputes, shall be governed by the law of the People’s Republic of China. The rights and interests of the Parties are protected by the law of the People’s Republic of China. 

13.2 Disputes arising in the performance of this Agreement between the Parties shall be solved through consultation between the Parties. Should no
agreement be reached upon such consultation, either Party may (please select one of the following three with “ü”): 
 [ü] 13.2.1 file a lawsuit with the people’s court in the location of Party A; 
 [    ] 13.2.2 apply for arbitration with              arbitration commission; 

[    ] 13.2.3 submit the dispute to (if this is selected, please select one of the following two with “ü”): 
 [    ] China International Economic and Trade
Arbitration Commission 
 [    ] CIETAC
             Commission 
 for arbitration by the arbitration rules on financial
disputes. 
 13.3 After the Parties have completed notarization to give enforceable effect to the Agreement and all specific contracts, Party A
can apply for enforcement with the people’s court with jurisdiction for the purpose of recovering the debts Party B owes under this Agreement and each specific contract. 

 (This page is for signatures) 
 For special attention: all terms and conditions of this Agreement have been consulted adequately by and between the Parties. The Bank has requested other Parties to pay attention to the terms on
exclusions of or restrictions to the Bank’s liability, on the Bank’s own rights, and the terms adding other Parties’ liabilities or restricting other Parties’ rights, and to have complete, accurate understanding of such terms.
The Bank has provided respective explanations to the above-mentioned terms as requested by other Parties. The Parties entering into the Agreement have common understanding of the terms and conditions of this Agreement. 

Party A:            (seal) 
 Principal or authorized representative 
 (signature/signature stamp) 

 

	
	 /s/ Ye Yuan Yuan

	Ye Yuan Yuan

 Party B:            (seal) China Merchants Bank Co. Ltd,
Shenzhen jinzhonghuan Sub-branch 
 Legal representative/principal or authorized representative: 

(signature/signature stamp) 
  

	
	 /s/ M.K. Koo, Chairman & CFO

	M.K. Koo

 Wuxi Zastron Precision-Flex Co., Ltd. 
 Date of Signature: 12 January 2012 
 (required)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}]]