Document:

Employment Agreement

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 General Information 

Employer: CDI Corporation. 
 Employee: Robert M. Larney 
 Employee Address: xxxxxxxxxxxxxxxxxx

 Effective Date of Agreement: August 30, 2011 

Terms and Conditions 
 Throughout this Agreement, the Employer will be referred to as “we”, “us” or “our” and the Employee will be referred to as “you” or “your”. The above
General Information, these Terms and Conditions, the compensation agreed upon between you and us (which is presumed to be the compensation we pay you), those benefits for which you are eligible under our benefit programs (as they may be modified
from time to time) and any schedules or attachments, together make up the Employee’s Employment Agreement (“Agreement”). 
 1. Services to be Rendered. As our Employee, you agree to use your best efforts to perform those services for us as we may direct and to supervise and direct all personnel employed by us who
are under your control. You agree that you will not during the term of this Agreement, directly or indirectly, render any services of a business, commercial or professional nature to any other person or organization, whether for compensation
or otherwise, without our prior written consent. 
 2. Company Policies. You agree to abide by and comply with
all of our practices and policies. 
 3. Confidentiality and Property Rights. 

(a) You acknowledge that in the course of your employment by us you will have access to and be exposed to valuable
confidential and trade secret information of ours and our customers. You agree, during the term of your employment and forever thereafter, to keep confidential all information and material of ours, or our customers (“Confidential
Information”) that relates to our’ customers’ business, employees, customers, vendors or other parties we do business with and excluding only information that is or becomes public knowledge through no fault or participation by you or
information which we no longer treat as confidential. You agree to keep in strictest confidence and not to disclose, use, copy or make available to others any Confidential Information except as is required in the course of your performing services
hereunder or with our prior written permission. Nothing contained in this Section 3(a) shall be construed to restrict your right to discuss your working conditions with others. 

(b) All documents, manuals, bids, contracts, financial data, customer lists and information, employee and applicant lists
and information, systems for recruitment and sales, equipment, hardware, software, source code, data bases, designs, drawings, plans, data and 

  

									
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the like (including all copies thereof), relating to our business, or our customers’ business, which you use, prepare or come into contact with, will remain our or our customers’
exclusive property and must be returned to us promptly upon our request or upon termination of your employment with us for any reason. 
 (c) You agree that all work product, inventions, innovations, concepts, developments, designs, processes, procedures and improvements (“Inventions”) which are made or conceived by you, under
your direction or by you jointly with others during the course of your employment with us or within six months after the termination of your employment with us (including Inventions created outside of working hours), whether or not patentable or
copyrightable, will be work made for hire and our sole property if related to our business or if created using our resources. You also agree that any copyrights and other proprietary interests in such Inventions will belong to us, and you will
promptly and completely disclose and assign all those Inventions to us. You agree that, from time to time as we may request, you will sign all documents and do all other things which may be necessary to secure or establish our ownership of such
Inventions and we will reimburse you for the actual and reasonable expenses you incur in this regard. Your knowledge base, experience, expertise and skillsets will belong exclusively to you and are excluded from this Agreement. Any of your
Inventions which were recorded or written by you before entering into this Agreement are also excluded from this Agreement and shall belong to you provided that you do not incorporate any such Inventions into any work product created for us.

 (d) The provisions of this Section 3 are for our benefit and we will have all rights and remedies to
enforce such provisions. Where a provision grants rights alternatively to us or our customers, we shall determine in our sole discretion, the appropriate allocation of such rights. 

4. Restrictive Covenants. You acknowledge that, as part of our management team, you will be put in a position of trust and
confidence and have access to Confidential Information, including information about our operations and employees, you will be in contact with customers and prospective customers, you will participate in the preparation and submission of bids and
proposals to customers and prospective customers, and you will have a role in the formulation and implementation of our strategic plans. Accordingly, for good and valuable consideration, the adequacy of which is hereby acknowledged by you, you
specifically agree that it is both reasonable and essential for the protection of our business interests that you agree to the restrictions set forth in Section 5 and Section 6 below. 

5. Restrictions Against Post-Employment Solicitation. 

(a) If your employment is terminated for any reason, including resignation by you or termination by us, with or without
Cause (see Section 8(a) below), then for a period of one (1) year immediately following the termination of your employment, you agree that you will not, on your own or on behalf of or in connection with anyone else: 

(i) directly or indirectly solicit, interfere with or attempt to entice away from us, any employee of ours; or 

(ii) directly or indirectly solicit, interfere with or attempt to entice away from us, for the purpose of providing
services which are competitive to any services we performed in the six months prior to your termination: (x) any individual, business or entity that became a customer 

  

									
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of ours as a result of your efforts individually or jointly, (y) any customer whom you serviced while you were employed by us if they are a then-current customer of ours, or (z) any
individual, business or entity whom you solicited, or participated in soliciting, during the last twelve months that you were employed by us. You specifically agree that this subsection 5(a)(ii) is necessary to protect, among other things, the
following trade secrets belonging to us: customer list, including the names, addresses and identity of all customers who have sought to fill assignments through us within the six months prior to your termination and including the names, addresses
and identity of all applicant customers of ours. 
 (b) You agree that the time periods for your obligations
set forth in this Section 5 will be extended to include any period of time during which you engage in activities constituting a violation of this Section 5. 

(c) Where any portion of this Section 5 is determined to be invalid by a court of competent jurisdiction, you and we
agree that it is our mutual desire and intention that such court modify the invalid portion by making the narrowest possible change which will result in validity of the provision. Any such invalidity shall not affect the validity of any of the other
portions of this Section 5 or any other part of this Agreement. 
 6. Restrictions on Post-Employment
Competition. 
 (a) If your employment is terminated for any reason, including resignation
by you or termination by us, with or without Cause, then for the applicable time period set forth in subsection (b) below, you agree that you will not, within the Territory (defined below), as an employee, agent, representative, consultant,
independent contractor or in any other capacity or manner whatsoever, perform services or assist another to perform services on behalf of any Competing Business (defined below), where the services you perform or assist another to perform are the
same as, substantially similar to or related to the services you performed as our employee. You may not do indirectly under this provision what you are prohibited from doing directly. Accordingly, your supervision or coaching of another person who
performs services which are the same as, substantially similar or related to services you performed as our employee is prohibited. So, too, is your performance of services which violate this provision even though you may perform additional services
for the Competing Business which do not violate this provision. 
 (b) (i) If your employment is terminated
by us other than for Cause and under our policy you are eligible to receive a severance package as defined in the Executive Severance Program, subsection (a) above shall extend for the same period that you are eligible to receive severance
payments under that package. In order to receive that package, you will be required to sign an agreement in such form as we may prescribe that will contain, among other things, a Release and Waiver of Claims and a restatement of your obligations
under this Section 6. The severance payments will constitute consideration for the Release and will constitute additional consideration for the performance of your obligations under this Section 6. Any decision by you not to accept
severance under our approved severance package will not affect the validity or enforceability of this Section 6. 
 (ii) If your employment is terminated by us other than for Cause and you are not eligible to receive a severance package, or if you resign your employment, then provided that we notify you in writing
within fourteen days following your termination, subsection (a) above 

  

									
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shall extend for so long as we pay you periodic amounts equal to the rate of your salary at the time of your termination in the case your employment is terminated by us, or one-half of the rate
of base salary you were being paid at the time of your termination in the case you resign, for a period of time not to exceed six months; provided that we may discontinue such periodic payments at any time upon 30 days written notice to you and your
obligations under subsection (a) above shall cease. 
 (iii) If your employment is terminated for Cause,
then subsection (a) above shall extend for six months following the last date of your employment. 
 (c)
(i) “Territory” means anywhere in the world. 
 (ii) “Competing Business” means any
person, business or other enterprise which provides: (A) candidates or personnel to customers on a direct, contract or temporary basis; which provides technology and/or administration to assist in the coordination of such services provided by
multiple vendors; or which provides services related to either of these; (B) engineering, design, drafting, construction management or related services to customers in the government sector (including the military) or in the aerospace,
chemicals, refining, pipeline, power generation, telecommunications, infrastructure, heavy manufacturing, gas gathering and processing, life sciences industry; (C) systems and network support, upgrades and migrations; desk-side support; help
desk support; data processing; software development or related services; or which provides technology and/or administration to assist in the coordination of staffing services provided by multiple vendors; (D) any other services provided to
customers by the Company in the last twelve months of your employment. 
 (d) You agree that the time periods for
your obligations set forth in this Section 6 will be extended to include any period of time during which you engage in activities constituting a violation of this Section 6. 

(e) Where any portion of this Section 6 is determined to be invalid by a court of competent jurisdiction, you and we
agree that it is our mutual desire and intention that such court modify the invalid portion by making the narrowest possible change which will result in validity of the provision. Any such invalidity shall not affect the validity of any of the other
portions of this Section 6 or any other part of this Agreement. 
 7. Survival of Certain Provision; Remedies.
You and we specifically agree that Sections 3, 4, 5, 6, 7, 9, 10 and 11 of this Agreement are considered as agreements independent of any other provisions of this Agreement and that they will survive, and be enforceable following, termination of
this Agreement or your employment hereunder. Also, you and we agree that the existence of a claim which you might allege against us, whether based on this Agreement or otherwise, will not prevent us from enforcing these provisions. Further, you and
we both recognize that, if the above provisions are violated, remedies which would typically be available to us for contract breach would be inadequate. Therefore, you and we agree that we will have the right to obtain injunctive or other equitable
relief against you, and any other person who may be involved or connected with you, in the event that these provisions are breached. These rights will be in addition to any other rights which we may have under law. 

In the event that we institute legal action against you to enforce any of Sections 3, 4, 5 or 6, and in the event that
such action leads to or results in a decision or settlement in our favor, 

  

									
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you agree to fully reimburse us for our legal fees and related costs involved in our pursuing such action against you. 

At or prior to the Effective Date of this Agreement, we advised you of the terms and conditions set forth in this
Agreement and that they would be embodied in this written Agreement, and you acknowledge that you did then agree to accept such terms and conditions and to execute this Agreement as a condition of your employment. 

8. Termination. This Agreement may be terminated in any of the following four ways: 

(a) We will have the right at any time to terminate this Agreement for Cause. “Cause” means (i) your
conviction of, or entry of a plea of either guilty or no contest to a charge of, commission of a felony or crime involving moral turpitude, or your commission of any act of fraud, embezzlement, misappropriation of Company property or breach of
fiduciary duty against the Company that adversely affects the Company in any material respect; (ii) your willful failure or refusal to satisfactorily perform in any material respect such services as may be reasonably assigned to Executive,
consistent with your position; (iii) your willful misconduct or gross negligence in connection with the performance of your duties that adversely affects Executive’s ability to perform her duties for the Company or adversely affects the
Company in any material respect, (iv) your use (including being under the influence) of illegal drugs or alcohol on the Company’s premises or while performing your duties and responsibilities (moderate consumption of alcohol at Company
events will not constitute a violation of this provision); or (v) your material breach of any of the terms or conditions of this Agreement. Notwithstanding anything contained herein to the contrary, your employment may not be terminated for
Cause pursuant to clause (ii), (iii) or (v) above unless (a) the Company provides your with written notice of the decision to terminate your employment for Cause specifying the particular act(s) or failure(s) to act serving as the
basis for such decision; and (b) if such act or failure to act is capable of being cured, you fail to cure any such act or failure to act to the reasonable satisfaction of the Company within ten days after such notice. For purposes of this
Agreement, no act or failure to act, on your part, will be considered “willful” unless it is done, or omitted to be done, by you in bad faith and without reasonable belief that your action or omission was legal, proper, and in the best
interests of the Company. In the event that this Agreement is terminated for Cause, you will be paid your salary and bonus through the date of termination. 
 (b) You and we agree that your employment with us is on an at-will basis. Accordingly, in addition to our right, described above, to terminate your employment for Cause, you or we may terminate your
employment at any time without Cause, for any reason whatsoever, and without being required to specify a reason for the termination to the other. For such terminations, both you and we do agree, however, to give the other fourteen (14) calendar
days’ advance notice (“Notice Period”) of such termination. Regardless of which party gives this notice, we will have the option of terminating your services at any time prior to the date of termination set forth in such notice
provided, however, that in such event we will pay your pro rated compensation (but not benefits) for the Notice Period. 
 (c) Your resignation. 
 (d) Your employment will automatically
terminate upon your death and may be terminated by us if it is determined that you are unable to perform your job due to a disability (i.e., your suffering from an injury, illness or impairment such that you are unable to perform the

  

									
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essential functions of your job after reasonable accommodation for a period in excess of that permissible under applicable state or federal law). 

9. Validity of Terms. If any term or provision of this Agreement shall be held void, illegal, unenforceable or in conflict
with any federal, state or local law applicable to this Agreement, the validity of the remaining portions or provisions of this Agreement shall not be affected thereby. 
 10. Waiver of Jury Trial. Each party agrees to waive any right it may have to a jury trial with respect to any dispute, statutory or common law claim against the other that it may have now
or that it may have in the future relating to unlawful discrimination, harassment, any of the terms and conditions of employment (including but not limited to hiring, promotion, pay and termination decisions) or any other dispute whatsoever. This
jury waiver includes, but is not limited to, any of the claims under the Age Discrimination in Employment Act. Each party agrees that any claim it may wish to assert in a lawsuit or other case filed in court will be heard by a judge of the court,
who will decide the case without a jury. You understand that you would not be hired and/or remain employed by us absent your signing this waiver. 
 11. Other Agreements. By signing this Agreement, you represent and warrant to us that you are not bound by any other agreement, written or oral, which would preclude you from entering into
this Agreement. You also represent that you will not utilize, in connection with your employment under this Agreement, any materials which may be construed to be confidential to a competitor of ours. In the event of a breach by you of this provision
which results in damage to us, you agree to indemnify and hold us harmless with respect to such damage and its associated costs, including reasonable attorney’s fees. You also agree that such breach will warrant a termination of your employment
for Cause. 
 12. Amendment. This Agreement can be changed through a written amendment signed by both parties
hereto. This Agreement can also be changed by our giving you written notice of the change at least one week prior to the effective date of the change. If you continue to work for us after the effective date of the change, this Agreement will be
deemed to have been changed as stated in such prior written notice. 
 13. Choice of Law, Jurisdiction and Venue.
The parties acknowledge and agree that this Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania (without regard to its choice of law rules), and that the state and federal court for
Philadelphia County, Pennsylvania shall have exclusive jurisdiction and venue over any suit, claim or proceeding between the parties, including any claims arising out of or relating to this Agreement or its enforcement. 

  

									
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 14. Entire Agreement. The General Information, these Terms and Conditions, the
agreed upon compensation and benefits terms as set forth in your offer letter, together with any schedules or other exhibits which are specifically included set forth all of the promises, covenants, agreements, conditions and undertakings between
the parties hereto relating to the subject matter hereof and supersede all prior and contemporaneous agreements and understandings, inducements or conditions, express or implied, oral or written with respect to the subject matter hereto. 

You acknowledge that you have read and understand all of the provisions of this Agreement and that such provisions, specifically
including but not limited to the Restrictive Covenants and Termination provisions, are reasonable and you agree to be bound by them. 
 You and we have executed this Agreement, intending to be legally bound by it. 
  

									
	 EMPLOYER
	 		 		 	EMPLOYEE

											
					
	By:	 	         /s/ Paulett Eberhart
	 		 		 	             /s/ Robert M.
Larney

									
	Print Name:	 	Paulett Eberhart	 		 	Print Name:	 	Robert M. Larney

									
					
	Date:	 	         8/27/11
	 		 	Date:	 	         8/22/11

  
 7EX-4.52

 EXHIBIT 4.52 
 

 
  

			
	Date	 	25th November 2010
	Our Ref	 	OCC/LC/TEAM 1/CAM

 CONFIDENTIAL 
 Global Household Products Limited 
 12/F., Kin Teck Industrial Building, 

26 Wong Chuk Hang Road, 
 Aberdeen, Hong Kong.

 Attn: Mr. John Sham 

Dear Sirs, 
 BANKING
FACILITIES 
 We, Standard Chartered Bank (Hong Kong) Limited 

 (the “Bank”), refer to our letter dated 2nd February 2010 setting out the Facilities made available to the Customer(s) below. 
 CUSTOMER(S): 
 Global Household Products Limited 

Following our recent discussions, we confirm that the facilities have been renewed on unchanged basis except the following variations: 

 

	E.	COVENANTS AND UNDERTAKINGS: 

 Under this
Section, the entire section will be revised to read as follows: 
 The Customer undertakes to the Bank that it will: 

 

	1.	promptly submit to the Bank copies of all its audited and unaudited financial statements and such other reports and information relating to the Customer and/or
guarantor as required by the Bank as soon as they become available but in any event no later than the period specified by the Bank from time to time. 

  

	2.	immediately inform the Bank: 

  

	 	•	 	 of any change of the Customer’s directors or beneficial shareholders or amendment to its memorandum or articles of association or equivalent
constitutional documents; 

  

	 	•	 	 of any substantial change to the general nature of the Customer’s existing business; or 

 

	 	•	 	 if it becomes, or is aware that any of its directors, shareholders, partners or managers becomes, a Related Person (as defined in paragraph 5 of
section F of this letter). 

 A handling fee of HKD45,000.- (on group basis) will be payable. 

If you have any queries, please contact our Mr. Kelvin Fong, Relationship Manager, Local Corporates, Origination & Client Coverage,
Wholesale Banking whose telephone number is 2821-1323. 
  

	
	Standard Chartered Bank (Hong Kong) Limited

	Credit Documentation Unit
	Wholesale Banking Legal

 11th Floor Standard Chartered Tower 
 388 Kwun Tong Road Kwun Tong Hong Kong 

			
	Global Household Products Limited	  	 Page
 2

  

 We are pleased to be of service to you and take this opportunity to thank you again for your custom.

 Yours faithfully, 
 For and on
behalf of 
 STANDARD CHARTERED BANK (HONG KONG) LIMITED

 
  

	
	 /s/ Josephine To

	Josephine To
	Senior Credit Documentation Manager

 JT/CY 

			
		  	

  

					
	Date:	  	2nd February 2010	  	
			
	Our Ref:	  	OCC/LCC/TEAM1/CAM	  	

 CONFIDENTIAL 
 Global Household Products Limited 
 12/F Kin Tech Industrial Bldg, 

26 Wong Chuk Hang Rd, 
 Aberdeen, Hong Kong.

 Attn: Mr. John Sham 

Dear Sirs, 
 BANKING
FACILITIES 
 Standard Chartered Bank (Hong Kong) Limited 

 (the “Bank”) is pleased to offer certain banking facilities including, amongst other facilities, those terms set out In this facility letter (the “Facilities”) to the Customer(s) below for the
purpose(s) of general working capital and trade finance and treasury requirement, subject to the Bank’s Standard Terms and Conditions for Banking Facilities and Services (including the Trade Finance Supplement) and Terms and Conditions for
Foreign Exchange Business attached and the terms and conditions set out in this facility letter. 
  

	A.	CUSTOMER(S): 

 Global
Household Products Limited 
  

	B.	FACILITY LIMITS: 

  

	 	(1)	General Banking Facilities 

  

					
	
Type(s) of Facility
  
	  	 Facility
Limit(s)
  
	  	
Designated Customer(s) and Sub-limit(s), If applicable

 

	 	 	 
	
1.      Current Account Overdraft

 
	  	HKD1,000,000.-    
	  	
•       The Customer

 

	 	 	 
	
2.      Corporate Visa Cards

 
	  	(HKD580,000.-)    
	  	
•       The Customer

 

	 	 	 
	
3.      Trade Finance

(Please refer to Appendix 1 for product details.)

 
	  	HKD400,000.-  
 
	  	 
	 	 	 
	 (a)
Trade Finance Group All
  
	  	 	  	
•       The Customer (HKD400,000.-)

 

 Standard Chartered Bank (Hong Kong) Limited

 
 Origination & Client Coverage 
 Credit Risk Control 
 11th Floor Standard Chartered Tower 

368 Kwun Tong Road Kwun Tong Hong Kong 

  
 

 

			
	Global Household Products Limited	  	Page 2

  

  

					
	 (b) Trade Finance Group 1

 
	  	 	  	 •       The Customer (HKD400,000.-)
  

	 (c) Trade Finance Group 2

 
	  	 	  	 •       The Customer (HKD400.000.-)
  

	 Total
Facility Limit:
	  	HKD1,400.000.-	  	 
	  

Notes:
  

•        The aggregate outstanding of Facilities 1 and 2 shall not
at any time exceed HKD1,000,000.-.
  

•        The aggregate amounts outstanding under all Sub-limits
shall not at any time exceed the Facility Limit to which the
 Sub-limits relate and the aggregate amounts outstanding under
all Facilities shall not at any time exceed the Total
 Facility Limit

 

  

	 	(2)	Treasury Facilities (The Bank may arrange for these facilities to be available through Standard Chartered Bank or other members of the Standard Chartered Group
and separate documentation would be executed where necessary.) 

  

			
	Type(s) of Facility	  	Designated Customer(s) and Sub
limit(s), if applicable
	 	 
	 1.      Foreign Exchange Contracts)
(Spot and Forward)
  

Facility Limit to be determined by the Bank on a case by case basis.

 
	  	
•       The Customer

	 	 
	 2.      Currency and Interest Rate Risk Management
  
	  	
•       The Customer

 

  

	C.	PRICING AND CONDITIONS: 

  

							
	1.      Current Account Overdraft	  	
Interest: 2% per annum over the higher of Prime or HIBOR, payable monthly in arrears.

 

	 	 
	
2.      Corporate Visa Cards
	  	 Interest: The
Bank’s prevailing Visa Card rate.
  
 Subject to the terms and conditions
stipulated in the related Corporate Card Agreement executed by the relevant Customer(s).
  

	 	 
	
3.      Trade Finance
	  	 Interest:

HKD/foreign currency import/export facilities: 0.75% per annum over the Bank’s standard bills finance rate.

 
 Commission:
 Standard rates unless otherwise stipulated.
  

	  		  		  	 
	  	 Letter of Credit Opening Commission:
 First USD50,000.-
 Balance
  
	  	 1/4%
 1/16%

 
	  	 
	 	 
	 	  	 Maximum tenor/advance
percentage for:
 Import facilities: Combined usance period of any transaction is not to exceed 90 days.

 

  
 

 

			
	Global Household Products Limited	  	Page 3

  

  

			
	 	  	 Export
facilities: Not to exceed 90 days.
  

	 	 
	
4.      Foreign Exchange Contracts) (Spot and Forward)
	  	 For transactions in the ordinary course of
business of the Customer.
  
 Tenor: Up to 2 days for Spot.

   Up to 24 months for Forward.

 

	 	 
	
5.      Currency and Interest Rate Risk Management
	  	 For transactions in the ordinary course of
business of the Customer.
  
 Tenor: Up to 24 months.

 

Special Condition: If required by the Bank in its sole and absolute discretion, the Customer undertakes to provide additional security acceptable
to the Bank within the time limit imposed by the Bank at the relevant time. Without prejudice to any other provision of this Letter, the Customer agrees that failure to strictly comply with this undertaking gives the Bank (or any member of the
Standard Chartered Group that is providing such Treasury Facilities) aright to terminate all or any part of the Treasury Facilities. 
  

			
	Handling Fee of Facilities;	  	 HKD30,000.-
on group basis, payable upon your signing of this letter, and other handling fee to be mutually agreed and payable on each anniversary of the date of this letter if the Facilities are continuing.

 

  

	D.	SECURITY AND CONDITIONS PRECEDENT: 

 The
availability of the Facilities is conditional upon the Bank’s receipt of the following documents, items and evidence (both in form and substance) satisfactory to the Bank: 

 

	1.	This letter duly executed by the Customer. 

  

	2.	A corporate guarantee executed by Global-Tech Advanced Innovations (no. (formerly known as Global-Tech Appliances Inc.) for an unlimited amount.

  

	3.	Original/Certified copies of all necessary consents, approvals and other authorisations (Including board resolutions) in connection with the execution, delivery and
performance of this letter and ail other documents mentioned above, if applicable. 

  

	4.	(if any of the facilities referred to in this letter are to be made available by Standard Chartered Bank or other members of the Standard Chartered Group) All such
documents, items or evidence with, in favour of or to Standard Chartered Bank or, as the case may be, such member of the Standard Chartered Group as the Bank may request. 

 

	5.	Such other documents, items or evidence that the Bank may request from time to time. 

 

	E.	COVENANTS AND UNDERTAKINGS: 

 The Customer
undertakes to the Bank that it will; 
  

	1.	promptly submit to the Bank: 

  

	 	•	 	 certified copies of the annual audited financial statements of the Customer and the Global-Tech Advanced Innovations Inc. within 9 months after their
respective financial year end; 

  
 

 

			
	Global Household Products Limited	  	Page 4

  

	 	•	 	 a certified copy of the quarterly management accounts of Global-Tech Advanced Innovations inc. within 120 days after the end of the relevant accounting
period; and 

  

	 	•	 	 other information that the Bank may request from time to time. 

 

	2.	immediately inform the Bank: 

  

	 	•	 	 of any change of the Customer’s directors or beneficial shareholders or amendment to its memorandum or articles of association or equivalent
constitutional documents; 

  

	 	•	 	 of any substantial change to the general nature of the Customer’s existing business; or 

 

	 	•	 	 if it becomes, or Is aware that any of its directors, shareholders, partners or managers becomes, a Related Person (as defined in paragraph 5 of
section F of this letter). 

  

	F.	OTHER TERMS AND CONDITIONS: 

  

	1.	The Facilities are available at the sole discretion of the Bank. The Bank may at anytime immediately terminate, cancel or suspend the Facilities or otherwise modify the
Facilities without the consent of any party. 

  

	2.	Notwithstanding any provisions stated in this letter, the Facilities are repayable on demand by the Bank. The Bank has the overriding right at any time to require
immediate payment and/or cash coIlateralisation of all or any sums actually or contingently owing to it under the Facilities. This clause 2 does not apply to any factoring facility(ies). 

 

	3.	The Bank’s Standard Terms and Conditions for Banking Facilities and Services (including the Trade Finance Supplement) and Terms and Conditions for Foreign Exchange
Business (“Standard Terms and Conditions”) attached and/or referred to In this letter forms an integral part of this letter and the Customer agrees to observe and be bound by such Standard Terms and Conditions. 

 

	4.	The terms and conditions set out or referred to In this letter supersede and replace those set out in our letter (if any) previously sent to the Customer(s),

  

	5.	Please note that section 33 of the Banking Ordinance imposes on the Bank certain limitations on advances to persons (including firms, partnerships and companies)
related to its directors, employees with lending authority or controllers (each person so related shall be referred to as a “Related Person”). When acknowledging and accepting this facility letter, you should advise us if you are,
or any of your directors, shareholders, partners or managers is, a Related Person within the meaning of the Banking Ordinance. If subsequent to your acceptance of this facility letter, you become, or are aware that any of your directors,
shareholders, partners or managers is or becomes, a Related Person, you should Immediately advise us in writing. 

  

	6.	The Customer acknowledges the following: 

  

	 	(a)	The Customer has received and read the Bank’s Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance and the Code of Practice
on Consumer Credit Data; and 

  

	 	(b)	The Customer has, or will, notify each of its Relevant Individuals, the Bank may. In the course of providing banking services to the Customer, receive Customer
information in respect of that Relevant individual. 

 For the purpose of the above, a “Relevant
Individual” is defined as being one of the following (but not limited to) Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, department heads, corporate officers (e.g. authorized signatories, company secretary etc.),
directors, major shareholders, beneficial owners, and guarantors (where applicable). 
  

	7.	This letter shall be governed by and construed in accordance with the laws of Hong Kong SAR. 

  
 

 

			
	Global Household Products Limited	  	Page 5

  

 Please sign and return to us the enclosed copy of this letter together with the attached Standard Terms
and Conditions for Banking Facilities and Services (Including the Trade Finance Supplement) and Terms and Conditions for Foreign Exchange Business to the Bank’s Credit Risk Control at 11th Floor, Standard Chartered Tower, 388 Kwun Tong Road,
Kwun Tong, Kowloon within one month after the date of this letter, falling which this offer shall lapse. 
 If you have any queries, please feel
free to contact any of the following persons: 
  

							
	 Queries on

 
	  	 Name

 
	  	 Telephone No.

 
	 
	 	 	 
	 Banking
arrangements
	  	 Mr. Kelvin Fong, Relationship Manager, Local Corporates,
Origination & Client Coverage, Wholesale-Banking
  
	  	 	2821-1323	  

 Yours faithfully, 
 For and on behalf of 
 STANDARD CHARTERED BANK (HONG KONG) LIMITED

 
  

	
	/s/ Josephine To
	 Josephine To
 Senior Credit
Documentation Manager

 JT/AW 
 Encl.

 We agree and accept all the terms and conditions set out above and the Bank’s Standard Terms and Conditions for Banking Facilities and
Services (Including the Trade Finance Supplement) and Terms and Conditions for Foreign Exchange Business attached and/or referred to In this letter, which we have read and understood. 
 For and on behalf of 
 GLOBAL HOUSEHOLD PRODUCTS LIMITED 

 

	
	/s/ Kwong Ho Sham

  
 

 

			
	Global Household Products Limited	  	Page 6

 Each of the undersigned hereby acknowledge the terms of this facility letter and confirm that their respective
obligations under each guarantee and security document (as applicable) that they have executed in favour of the Bank will continue in full force and are not and will not be affected, discharged or varied by the execution of this facility letter.

 For and on behalf of 

GLOBAL-TECH ADVANCED INNOVATIONS INC. 

	
	
	 /s/ Kwong Ho Sham

 

 

 

			
	Global Household Products Limited	  	Page 7

 Appendix 1 
 TRADE FINANCE FACILITY 
 Trade Finance Group All 

 

	 	•	 	 Negotiation of export credit documents with discrepancies on a with recourse basis 

Trade Finance Group 1 
  

					
	 •       Purchase of documents against payment bills with title documents on
parties acceptable to the Bank on a with recourse basis

	
	 •       Purchase of documents against acceptance bills with ECA/approved
insurance cover on a with recourse basis

			
	 •       Issuance of import letters of credit
	  	- sight and usance	  	
		  	- with title documents	  	
			
	Trade Finance Group 2	  		  	
	
	 •       Purchase of documents against acceptance bills without ECA/approved
insurance cover on a with recourse basis

	
	 •       Purchase of documents against payment bills without title documents
on parties acceptable to the Bank on a with recourse basis

			
	 •       Issuance of import letters of credit
	  	- sight and usance	  	
		  	- without title documents

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