Document:

EX-10.12

 Exhibit 10.12 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE
COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED. 
 Capital Increase Agreement 

Chapter 1 Preamble 
 WHEREAS, Yadea
Technology Group Co. Ltd. (“Party A”) and Jiangmen Dachangjiang Group Co., Ltd. (“Party B”) (Party A and Party B collectively, the “JVC Shareholders”) have entered into a joint venture Ai Huan Huan
Energy (Shanghai) Ltd. (“Party C” or the “JVC”) in Shanghai, which primarily engages in the rental and sales of battery packs for electrically powered vehicles (e.g., electric motorcycles and/or electric bicycles),
the operation, maintenance and sales of battery swapping stations and battery swapping services. 
 WHEREAS, Gogoro Network Pte. Ltd. (“Party
D”; Party D and the JVC Shareholders are collectively referred to as the “Parties” with each entity referred to as a “Party”) has extensive experience in the field of battery swapping service networks and
battery packs. The JVC Shareholders reached the consensus that the JVC would retain Party D to provide consultation services and guide and assist the JVC to develop business in Mainland China. 

NOW THEREFORE, the Parties entered into the Capital Increase Agreement (the “Agreement”) on November 25, 2020 to provide specific
covenants on matters such as the arrangements of relevant rights between the JVC Shareholders, the JVC’s retainer of Party D to provide consultation services to it, and other matters under the following terms and conditions. 

Chapter 2 Parties 
 Article 1 Parties

 The Parties to this Agreement are 

Party A: Yadea Technology Group Co. Ltd. 
 Address: No.515, Xishan
District, Anzhen Street, Xishan District, Wuxi City, 
 Jiangsu Province 

Uniform Social Credit Identifier: 913202005668647722 
 Authorized
representative: Zhou, Chao 
 Party B: Jiangmen Dachangjiang Group Co., Ltd. 

Address: No.5, Jianda North Road, Jiangmen City, Guangdong Province 

Uniform Social Credit Identifier: 914407007123625608 
 Authorized
representative: Wang, Da-Wei 

  
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 Party C. Ai Huan Huan Energy (Shanghai) Ltd. 

Address: Room 908, Building 4, No. 38, Xuxiang Road, Xujing Town, Qingpu 

District, Shanghai City 
 Uniform Social Credit Identifier:
91310000MA1JNH7P7X 
 Authorized representative: Hok-Sum Horace Luke 

Party D: Gogoro Network Pte. Ltd. 
 Address: 9 Raffles Place #26-01 Republic Plaza Singapore (048619) 
 Company registration number: 201841547C 

Authorized representative: Hok-Sum Horace Luke 

Article 2 Representations and Warranties of the Parties to this Agreement 

Each of the Parties hereto respectively represents and warrants on the execution date of this Agreement, separately and not jointly, that: 

 

	 	(a)	 It is a legally established and validly existing entity under relevant applicable laws; 

 

	 	(b)	 The funds used by it for the actual contribution to the registered capital of the JVC are its own funds from
lawful sources; 

  

	 	(c)	 It has executed this Agreement with a valid resolution made according to its internal procedures and with full
authorization (if applicable), signifying that the person affixing his/her signature to this Agreement is its legally valid representative; 

  

	 	(d)	 Its execution of this Agreement will not result in its breach of any law, its bylaws (if applicable), any
provision legally binding on it or its obligations under other agreements; 

  

	 	(e)	 It has reviewed this Agreement carefully and understood the exact meaning of the terms of this Agreement
without material misunderstanding; and 

  

	 	(f)	 The materials or information submitted by it to the other Parties to the Agreement regarding its entity
qualifications and legal status is true and accurate, and it will immediately notify the other Parties to the Agreement of any changes to such materials or information. 

Party D represents and assures, on the execution date of this Agreement, with respect to the JVC, that: 

 

	 	(a)	 From the date of the JVC’s establishment to the execution date of this Agreement, there is no violation of
any applicable laws. 

  

	 	(b)	 No other contracts or documents have been executed and no any transactions have been conducted to an extent
that incur any liability for the JVC, except for the acts or procedures reasonably and essentially required for the establishment of the JVC (such as opening bank accounts, obtaining business addresses, etc.); and 

  
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	 	(c)	 The representations and warranties in Paragraphs (a) and (b) will survive until Party D transfers to Party
A and Party B the capital contribution to the JVC held by Party D based on Party A’s and Party B’s percentages of shareholding in the JVC in accordance with Article 12. 

Chapter 3 JVC 
 Article 3 JVC 

In accordance with relevant applicable Chinese laws and regulations, including but not limited to the Foreign Investment Law of the
People’s Republic of China, the JVC Shareholders hereby agree to invest in the JVC in accordance with the relevant provisions of this Agreement and to formulate the Articles of Incorporation of the JVC in accordance with the relevant covenants
of this Agreement. 
 Article 4 JVC’s Basic Profile 
  

	 	1.	 Name 

The name of the JVC is Ai Huan Huan Energy (Shanghai) Ltd., which may be changed according to its operation needs with the approval of the
legal representative of the JVC or the JVC Shareholders representing two thirds (2/3) or more of the voting rights. 
  

	 	2.	 Principal Place of Business 

The registered address of the JVC is Room 908, Building 4, No. 38, Xuxiang Road, Xujing Town, Qingpu District, Shanghai City. The domicile
of the JVC may be changed according to the operational needs of the JVC with the approval of the legal representative of the JVC or the shareholders representing two thirds (2/3) or more of the voting rights of the JVC. 

 

	 	3.	 Legal representative 

The legal representative of the JVC shall be the Executive Director. 
  

	 	4.	 Term of Operation 

Except for the JVC’s dissolution in accordance with Article 44 of this Agreement, the JVC’s term of operation shall be from
March 23, 2020 to permanence. 

  
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 Article 5 Roster of Shareholders 

The JVC shall maintain in its domicile a roster of shareholders which records the names, residences, amounts of contribution to the registered
capital and actual amounts of contribution to the registered capital, contribution certificate numbers and other necessary information of the shareholders. 

Article 6 Governing Law and Compliance 

All activities of the JVC shall be governed by the laws and regulations of the PRC. The JVC is an independent legal entity under the PRC law
with all its business activities and legitimate rights and interests protected by the laws and regulations of PRC. 
 Article 7 Limited Liability Company

 The JVC shall be a limited liability company established under the PRC law. Each of the JVC Shareholders shall be liable only to the
extent of its contribution to the JVC’s registered capital. The JVC shall be liable for its debts to the extent of its own assets and properties. 

Chapter 4 Purposes and Business Scope 

Article 8 Purposes 
 The purposes of the
JVC are to directly or indirectly engage in the rental and trading of battery packs for electrically powered vehicles (e.g. electric motorcycles and/or electric bicycles) and the operation, maintenance and trading of battery swapping stations and
the provision of battery swapping services in the PRC. 
 Article 9 Scope of Business 

The JVC’s scope of business: Items subject to special permit: The relevant construction activities (excluding battery swap stations and
drain pipelines). (For those items that require special permit are subject to the approval of the relevant authorities, and approval / permit documents issued thereof. General items: New energy technology, development of battery technology,
technology consultation and service, super charging station, battery, lease and sales of charging stations, enterprise management consultation, electric equipment repair, battery swap facility, battery equipment, panel equipment, electric product,
computer, software and ancillary facility, home device, vehicle accessory, hardware product, plastic product, rubber product, metal product, switch board and cultural product. (Except for the items subject to special permit, it may engage in the
business activities per its business license. 
 According to the operation needs of the JVC, the JVC’s scope of business may be changed
with the approval of the JVC’s shareholders representing at least two thirds (2/3) of the JVC’s voting rights. 

  
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 Chapter 5 Registered Capital and Transfer of Shares 

Article 10 Registered Capital 
 The
registered capital of the JVC shall be US$50 million (“Registered Capital”). If the Registered Capital shall be denominated in RMB due to a change in the company type, the Registered Capital shall then be calculated and
denominated in RMB as its currency in accordance with the central parity rate of the exchange rate between RMB and USD published by People’s Bank of China. 

Article 11 Capital Contribution by the JVC Shareholders 

The JVC Shareholders agree that the investment amounts under this Agreement shall be denominated in U.S. dollars and shall contribute to the
Registered Capital of the JVC according to the actual total investment amount set forth in the following table, and the actual total investment amount in excess of the Registered Capital shall be included in the JVC’s capital reserve. 

 

													
	 Name of

Shareholder
	  	Actual Total
Investment
Amount
Unit:
US$10,000	 	  	JVC’s
Registered
Capital
Unit:
US$10,000	 	  	Corresponding
Percentage of
Shareholding
in JVC	 
	 Party A: Yadea Technology Group Co. Ltd.
	  	 	2000	 	  	 	2000	 	  	 	40	% 
	 Party B: Jiangmen Dachangjiang Group Co., Ltd.
	  	 	3000	 	  	 	3000	 	  	 	60	% 
	 Total
	  	 	5000	 	  	 	5000	 	  	 	100	% 

 The JVC Shareholders further agree that if, at the time of their capital contribution pursuant to Article 11,
(1) their actual contribution denominated in RMB falls short of their RMB amounts of contribution to the JVC’s Registered Capital due to the exchange rate, such contributing shareholders shall supplement the shortfall in full; or (2) their
actual contribution denominated in RMB is greater than their RMB amounts of contribution to the JVC’s Registered Capital, the excess shall be included in the JVC’s capital reserve. 

Party D’s capital contribution under Article 14 shall also be denominated in USD, and Party D’s corresponding percentage of
shareholding in the JVC shall remain consistent with the calculating standard for the USD-denominated capital contribution ratio of the JVC Shareholders defined in Article 11. 

  
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 Article 12 Deadline for Capital Contribution 

The JVC Shareholders agree to make capital contributions to the JVC according to the payment terms set forth in the following
table: 
  

					
	 Name of

Shareholder
	  	 Manner of

Contribution
	  	 Payment Deadline

			
	 Party A: Yadea
 Technology

Group Co. Ltd.
	  	Cash	  	 First installment payment (US$10 million): before December 25, 2020.

 
 If the JVC’s modification of industrial and commercial registration items is not
completed by the above deadline for reasons attributable to Party D, the first installment payment shall be made within 10 business days upon the completion of JVC’s modification of industrial and commercial registration items.

 
 Second installment payment (US$10 million): completion of Party D’s first capital
contribution (defined in Article 14(a) or December 31, 2021, whichever is earlier.

			
	 Party B:
 Jiangmen

Dachangjiang
 Group Co., Ltd
	  	Cash	  	 First installment payment (US$15 million) payment: before December 25, 2020.

 
 If the JVC’s modification of industrial and commercial registration items is not
completed by the above deadline for reasons attributable to Party D, the first installment payment shall be made within 10 business days upon the completion of JVC’s modification of industrial and commercial registration items.

 
 Second installment payment (US$15 million): completion of Party D’s first capital
contribution (defined in Article 14(a) or December 31, 2021, whichever is earlier.

 Party D agrees to execute the industrial and commercial change registration immediately after the execution
date of this Agreement, including the above-mentioned capital increase change and the change of the transfer of Party D’s original capital contribution to the JVC to Party A and Party B for nil consideration. Upon completion of the
above-mentioned industrial and commercial change registration, the original official and financial seals of the JVC shall be sealed and destroyed, the JVC shall create new official and financial seals, and the Parties agree that the new seals shall
govern in all matters of the JVC after the completion of industrial and commercial change. If the JVC Shareholders and Party D all agree that it is necessary to maintain the status of the JVC as a Sino-foreign equity joint venture enterprise, Party
D may retain US$1 of the JVC’s capital contribution. 

  
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 Article 13 Late Payment of Capital Contribution 

 

	 	(a)	 If any of the JVC Shareholders fails to pay up its subscription to the actual total investment by the deadline
under Article 12, such Party will become a “Delinquent Shareholder” and will be, therefore, required to pay interest at the rate of four percent (4%) per annum to the JVC or to each shareholder who has paid up the amount of its
contribution (the “Nondelinquent Shareholders”) on the amount of the overdue contribution amount as the penalty for overdue contribution. The actual amount of the penalty = the amount of the overdue contribution * 4%/365 * the
actual number of days past due. 

  

	 	(b)	 If the Delinquent Shareholder fails to perform its contribution obligation by making the first installment
payment within 30 business days from the expiration of the deadline stipulated under Article 12 of the Agreement or to perform its contribution obligation by making the second installment payment within one month upon completion of Party D’s
first contribution (defined under Article 14(a)) or prior to January 31, 2022 (whichever is earlier), such Delinquent Shareholder shall be deemed a “Defaulting Shareholder” and thus be liable to the JVC or the Nondelinquent
Shareholders for all of their losses and pay compensation to the JVC or the Nondelinquent Shareholders. Such losses shall include without limitation to: (i) losses suffered by the JVC or the Nondelinquent Shareholders as a result of its
liability to third parties for failure to perform its investment obligations as scheduled; and (ii) costs of arbitration and other proceedings and reasonable attorneys’ fees incurred by the JVC or the Nondelinquent Shareholders in
recovering the penalty for overdue payment, compensation, etc., from the Defaulting Shareholder. 

 With the consent of
the JVC Shareholders who are not the Defaulting Shareholder and who hold 50% or more of the voting rights, the JVC or the Nondelinquent Shareholders may decide to take any or more of the following actions against the Defaulting Shareholder: 

 

	 	i	 Reducing percentage of shareholding corresponding to the contribution amount actually paid up by such
Defaulting Shareholder accordingly and directly deducting the penalty for delinquent payment or compensation stipulated under this subparagraph from future income distributable to the Defaulting Shareholder; 

 

	 	ii	 Depriving the such Defaulting Shareholder of its right to make subsequent contributions as a shareholder and of
its voting rights over all of the matters that require the shareholders’ approval under this Agreement with its voting rights not to be included in the voting base; 

 

	 	iii	 Withholding part or all of the future amounts distributable to the Defaulting Shareholder until the dissolution
of the JVC; 

  
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	 	iv	 Applying all or part of the amounts distributable to such Defaulting Shareholder to the payment of outstanding
capital contribution amount as well as the penalty for delinquent payment, compensation, etc.; 

  

	 	v	 Permanently withholding any form of return due to such Defaulting Shareholder with its actual paid up
contribution not to be returned; 

  

	 	vi	 Releasing the Defaulting Shareholder from all remaining obligations and rights to make contributions
(“Waived Contribution”), and deducting the portion of the JVC’s Registered Capital corresponding to the Waived Contribution from the JVC’s Registered Capital (i.e., a capital reduction is conducted), or designating one or
several third parties to subscribe to the entirety or part of the JVC’s Registered Capital corresponding to the Waived Contribution; 

  

	 	vii	 Initiating arbitration proceedings directly against the Defaulting Shareholder to recover: (i) the
outstanding contribution amount; (ii) the penalty for delinquent payment under this Agreement as calculated at the interest rate of eight percent (8%) per annum on the amount of the outstanding contribution from the expiration date of the
contribution period in accordance with this Agreement; and (iii) all reasonable expenses, including attorneys’ fees, incurred by the JVC in connection with the arbitration proceedings and other judicial proceedings; 

 

	 	viii	 Reaching a settlement on default liability matter in manners other than the manners of pursuit of default
liability under this Agreement with the Defaulting Shareholder; and 

  

	 	ix	 Pursuing any other right and remedy under applicable laws. 

 

	 	(c)	 The penalty for delinquent payment and compensation, etc. which provided for in this Article 13 will serve as
other income of the JVC and shall not be counted as the amount of the Registered Capital actually paid up by the shareholder who pays such penalty for delinquent payment and compensation. 

  
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 Article 14 Party D’s Capital Contribution 

 

	 	(a)	 Within 24 months after the date on which both Party A and Party B have paid up the first installment payment of
the actual total amount of their contributions according to the period set forth in Article 12 or in the manner set forth in Article 13 (“Party D’s Contribution Grace Period”), Party D and/or its affiliate may, to the extent
permitted by the laws and regulations or approval applicable to Party D and its affiliate and/or their shareholders and with the approval of the board of directors and/or shareholders’ meeting of Party D and/or its affiliate, may fully
subscribe to the JVC Registered Capital at one time or at several times (the total Registered Capital of the JVC to which is actually subscribed by Party D and/or its affiliate shall be capped by JVC’s Registered Capital which is agreed by
Party A and Party B pursuant to Article 12 as the actual total investment amount and shall not be lower than [***]. Notwithstanding the above covenant, if the JVC’s Registered Capital contributed by Party D and/or its affiliate cannot reach
[***] or falls short of the [***] ceiling due to the laws and regulations and/or approval applicable to Party D, its affiliate and/or their shareholders or on the ground of meeting the JVC’s listing requirements, the contribution shall be the
maximum amount permitted the laws and regulations, approval and/or listing requirements) (“Party D’s Contribution”). For the avoidance of doubt, the contribution shall be deemed to be completed upon presentation by Party D of
the relevant bank slip or other proof (e.g. proof that the fund was deposited into a third party escrow account for the purpose of the contribution) for each contribution made by Party D. During the Contribution Grace Period, each of Party D’s
contributions shall be fully included in the JVC’s Registered Capital. 

  

	 	(b)	 If Party D is willing to pay Party D’s Contribution in accordance with Paragraph (a), Party D is willing
to pay interest at the rate of four percent (4%) per annum to the JVC on Party D’s Contribution from the date of commencement of the Contribution Grace Period until the JVC’s actual receipt of the contribution. The amount of interest = the
amount of Party D’s Contribution * 4%/365 * actual number of days. This interest will be included in the JVC’s capital reserve. 

  

	 	(c)	 In the event that the JVC’s registration items should be updated due to Party D’s Contribution, the
Parties agree to provide the relevant signed and completed documents to the JVC and/or Party D immediately (including but not limited to the JVC’s Articles of Incorporation, shareholders’ resolutions and directors’ resolutions) to
facilitate the process. 

  

	 	(d)	 Party D and/or its affiliate undertake to comply with the
non-competition restriction in Article 31 from the date on which Party A and Party B have paid up the first installment of the actual total investment amount to which they subscribe based on the deadline set
out in Article 12 or in the manner set out in Article 13, and not to engage 

  
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in competing business in Mainland China on their own or in cooperation with third parties other than those agreed by the JVC. If Party D and/or its affiliate have not made any first contribution
to the JVC (whether or not it is a contribution in Article 14) at any point of time after the expiration of the Contribution Grace Period as agreed in Article 14 (whether or not the period of the
non-competition restriction in Article 31 has expired for Party D and/or its affiliate), Party D and/or its affiliate undertake that if they wish to carry on competing business in Mainland China in the future,
they will invite the JVC in advance to do the business together. If the JVC refuses to participate or does not respond within one hundred and twenty (120) days after receiving the invitation from Party D, then Party D and/or its affiliates will
(may do so with other non-JVC shareholders) conduct competing business in Mainland China, and if, after the actual commencement of business, the JVC intends to participate in such business, then the JVC may
negotiate with Party D separately over specific investment matters. 

  

	 	(e)	 If Party D has not completed the first Party D’s Contribution by the expiration of the Contribution Grace
Period as agreed in Article 14, or if Party D voluntarily decides not to complete the first Party D’s Contribution on a date prior to the expiration of the Contribution Grace Period (the “First Party D’s Declined Contribution
Date”), then the members of the steering committee appointed by Party D shall resign immediately; provided that, in order to ensure the normal operation of the JVC, (1) the commercial agreements entered into between Party D and the JVC
pursuant to Articles 33, 34 and 35 shall continue to be valid and executed; and (2) no intellectual property rights possessed by the JVC shall be affected. 

 

	 	(f)	 Notwithstanding the covenants under Paragraphs (d) and (e) above, in the event that Party D and/or its
affiliates fail to complete the first Party D’s Contribution due to the laws or regulations or approval applicable to Party D, its affiliates and/or their shareholders, the JVC Shareholders and Party D agree to amicably negotiate a solution.

 Article 15 Increase of Registered Capital 
  

	 	1.	 Capital increase resolution 

Except as otherwise agreed in Article 14, any increase in the Registered Capital of the JVC (“Capital Increase”) shall be
approved by the shareholders representing more than two thirds (2/3) of the voting rights. 

  
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	 	2.	 Equal amount subscription right 

If the shareholders representing more than two thirds (2/3) of the voting rights agree to each Capital Increase of the JVC, the JVC
Shareholders agree that Party D will have the right to subscribe to the JVC’s Registered Capital by an amount equivalent to the increase of the total Registered Capital on the same terms (including the price) for the current capital increase
(the “Equal Amount Subscription Right”), and the exercise of its right, the calculation method for the grace period, the method by which the completion of the contribution is determined, and the interest calculation method shall all
be decided based on the principles provided under Article 14. 
 The JVC agrees to issue to Party D, within three (3) business days from
the date of the qualified capital increase resolution, a notice of the Equal Amount Subscription Right in the spirit of Article 14, setting forth the amount, price and other circumstances concerning the increase of the Registered Capital to which
Party D has the right to subscribe by an equivalent amount (the “Notice of Equal Amount Subscription Right”). 
  

	 	3.	 Preemptive right 

 

	 	(a)	 If the shareholders representing more than two thirds (2/3) of the voting rights of the JVC agree to each
capital increase by the JVC, the JVC agrees to deliver to the JVC Shareholders (the “Preemptive Shareholders”) other than Party D within three (3) business days from the date of the qualified capital increase resolution a share
subscription notice (“Capital Increase Notice”), setting forth the amount, price and other conditions of the proposed increase of the Registered Capital for the current capital increase. The Preemptive Shareholders will have the
right to subscribe to the increased portion of the Registered Capital on a prioritized basis in proportion to their paid-up capital contributions to the JVC. For the avoidance of doubt, the proportion of paid-up capital contribution by the Preemptive Shareholders shall be the percentage of the actual total investment amount paid by such shareholders to the JVC which are included in the JVC’s Registered Capital
to the total Registered Capital of the JVC. 

 Within twenty (20) days after receiving the Capital Increase Notice
(the “JVC Shareholders’ Subscription Period”), the Preemptive Shareholders shall reply in writing to the JVC to confirm whether to subscribe to such proposed increase of the Registered Capital. If the Preemptive Shareholders
fail to respond in writing to the JVC within the JVC Shareholders’ Subscription Period, the Preemptive Shareholders shall be deemed to have waived the preemptive right. 
  

	 	(b)	 If the Preemptive Shareholders fail to exercise in part or in whole or waive the preemptive right, the JVC may,
within ninety (90) days upon the Capital Increase Notice, enter into a corresponding capital increase contract with a third party for the remaining portion of the increase of the Registered Capital, provided that such capital increase contract
shall not contain more favorable terms and conditions than those offered to the Preemptive Shareholders (including, but not limited to, 

  
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price, payment schedule and shareholders’ rights). If the JVC fails to enter into the corresponding capital increase contract with the third party for the remaining portion of the increase
of the Registered Capital within ninety (90) days upon the Capital Increase Notice, the JVC must complete the above-mentioned procedure again before entering into the capital increase contract with a third party. 

 

	 	4.	 This Article shall not apply to Party D’s payment for Party D’s Capital Contribution in accordance
with Article 14. 

 Article 16 Transfer of Equity Interests 

 

	 	(a)	 Except with the unanimous consent of the other shareholders, the JVC Shareholders shall not (and shall cause
their actual controllers not to) directly or indirectly transfer their equity interests in the JVC and shall not encumber their interests in the JVC in any manners whatsoever (including but not limited to the right to make contributions and receive
distributions), and such prohibited manners include, without limitation, pledges, swaps of interests, assignments of income rights and other manners. 

The foregoing prohibition shall not apply to the transfer of all or part of the equity interests in the JVC by any of the JVC Shareholders to
its respective affiliates after a written notice is delivered to the other parties. 
  

	 	(b)	 Subject to Article 16 (a), with respect to the procedure for the transfer of equity interests between the JVC
Shareholders, the Parties agree that if any of JVC Shareholders (the “Transferring Party”) who intends to transfer its equity interests in the JVC applies to transfer all or part of its equity interests in the JVC, such Transferring
Party shall, within three (3) business days from the date of the transfer decision, deliver to Party D a share transfer notice (“Preemptive Share Transfer Notice”) setting out the amount, price and other conditions of the
Registered Capital to be transferred. Within twenty (20) days (“Party D’s Assumption Period”) after Party D receives the Preemptive Share Transfer Notice, Party D shall reply in writing to such Transferring Party to
confirm whether to purchase such Registered Capital to be transferred. If Party D fails to respond in writing to such Transferring Party within Party D’s Assumption Period, Party D shall be deemed to have waived the exercise of its preemptive
right. 

  

	 	(c)	 If Party D fails to purchase or to fully purchase the Registered Capital proposed to be transferred, such
Transferring Party shall deliver to the other JVC Shareholders within three (3) business days after the expiration of Party D’s Assumption Period a share transfer notice (the “Share Transfer Notice”) setting forth the
amount, price and other 

  
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conditions of Registered Capital proposed to be transferred but not purchased by Party D. The other JVC Shareholders have the right to purchase the portion of the Registered Capital proposed to
be transferred on a prioritized basis in proportion to their paid up contributions to the JVC. For the avoidance of doubt, the proportion of paid up contribution, as far as any of the JVC Shareholders is concerned, shall be the percentage of such
amount of the shareholder’s contribution to the actual total investment amount of the JVC that is included in the JVC’s Registered Capital to the total Registered Capital of the JVC. 

The other JVC Shareholders shall, within twenty (20) days after receiving the Share Transfer Notice (the “JVC Shareholders’
Assumption Period”), respond in writing to the Transferring Party to confirm whether to purchase such Registered Capital proposed to be transferred. If the JVC Shareholders fail to respond in writing to the Transferring Party within the JVC
Shareholders’ Assumption Period, the JVC Shareholders shall be deemed to have waived their preemptive right. 
  

	 	(d)	 If Party D and the JVC Shareholders fail to exercise or to fully exercise or waive their preemptive right, then
the Transferring Party may, within ninety (90) days upon the Share Transfer Notice, enter into a corresponding share transfer contract with a third party for the remaining portion of the Registered Capital proposed to be transferred, provided
that such share transfer contract shall not provide terms and conditions (including, but not limited to, price, payment schedule and shareholders’ rights) more favorable than those offered to buyers with the preemptive right. If the
Transferring Party fails to execute the corresponding share transfer contract with the third party for the remaining portion of the Registered Capital proposed to be transferred within ninety (90) days after the Share Transfer Notice is given,
the Transferring Party shall complete the foregoing procedure again before it may execute the share transfer contract with a third party (the “Proposed Transferee”). 

 

	 	(e)	 The Transferring Party shall ensure that the Proposed Transferee should submit to the other shareholders upon
completion of the share transfer: (i) a transfer contract and a letter of undertaking under which it agrees to be bound by, and comply with, this Agreement and assume the entire obligations of the Transferring Party under this Agreement, and
(ii) such other documents, certificates, opinions, proofs or information as the other shareholders may deem appropriate to require. 

  
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 The Transferring Party shall ensure that the Proposed Transferee is eligible to be a party
to this Agreement and a shareholder of the JVC, that its contribution is in compliance with the applicable laws, and that such transfer of equity will not cause the JVC to violate the provisions of the Foreign Investment Law of PRC or other relevant
laws or subject the operating activities of the JVC to additional restrictions as a result of the transfer. 
 Chapter 6
Shareholders’ Meeting 
 Article 17 Voting Rights Arrangement 

When voting on any matter in the JVC’s shareholders’ meeting, the JVC Shareholders shall vote in accordance with the proportion of
their paid up contribution. The proportion of the paid up contribution shall be the percentage of such amount contributed by such JVC Shareholder to the JVC for the actual total amount that is included in the Registered Capital of the JVC to the
total amount of the Registered Capital of the JVC. 
 Any of the JVC Shareholders may authorize in writing a third party to exercise its
voting rights as its proxy, and no other JVC Shareholders may object to such authorization. 
 Article 18 Authorities and Resolutions of the
Shareholders’ Meeting 
 The shareholders’ meeting of the JVC shall consist all shareholders. The shareholders’ meeting
shall exercise the following authorities: 
  

	 	(a)	 Deciding on the operation policies and investment plans of the JVC; 

 

	 	(b)	 Electing and replacing directors and supervisors who are not employees’ representatives, and deciding on
matters relating to the remuneration of directors and supervisors; 

  

	 	(c)	 Reviewing and approving the reports of the Executive Director; 

 

	 	(d)	 Reviewing and approving the Board of Supervisors or reports of the Board of Supervisors; 

 

	 	(e)	 Considering and approving the JVC’s annual financial and budget proposals and final accounts;

  

	 	(f)	 Considering and approving the JVC’s profit distribution plan and the plan to make up for losses;

  

	 	(g)	 Resolving the increase or decrease of the JVC’s Registered Capital; 

 

	 	(h)	 Resolving the issuance of bonds by the JVC; 

 

	 	(i)	 Resolving the JVC’s merger, spin-off, dissolution, liquidation or
change of the JVC’s entity form; 

  

	 	(j)	 Amending the JVC’s Articles of Incorporation; 

  
 14 

	 	(k)	 Disposing of real estate, if any, in the possession of the JVC for various reasons; 

 

	 	(l)	 Approving the JVC’s liquidation plan; and 

 

	 	(m)	 Performing other authorities as provided for in the Articles of Incorporation. 

Except for matters in Article 18(g), (i) and (j), which shall be adopted only with the approval of shareholders representing at least two
thirds (2/3) of the voting rights, any of the matters in Article 18 shall be adopted with the approval of shareholders representing at least one half (1/2) of the voting rights. For the avoidance of doubt, matters in Article 18(g) and (j) shall
be deemed to have been approved by shareholders representing more than two thirds (2/3) of the voting rights under the circumstances stipulated in Article 14. 

Article 19 Regular Shareholders’ Meetings 

The shareholders’ meeting shall be conducted regularly at least once (1) a year. The meeting shall be convened and chaired by the
Executive Director. 
 Article 20 Special Shareholders’ Meeting 

If a shareholder representing more than one tenth (1/10) of the voting rights, the Executive Director or the Board of Supervisors proposes to
conduct a special shareholders’ meeting, a special shareholders’ meeting shall be conducted. 
 Article 21 Agenda and Notice of the
Shareholders’ Meeting 
 A written notice for the shareholders’ meeting shall be delivered to all shareholders at least thirty
(30) days before any regular shareholders’ meeting is conducted (and at least fifteen (15) days before any special shareholders’ meeting is conducted). The notice shall set forth the agenda, time and venue of the meeting. 

Chapter 7 Executive Director 
 Article
22 Executive Director 
 The JVC will not have a board of directors and shall have one (1) Executive Director. The JVC Shareholders
shall solicit Party D’s opinion on the candidates for the Executive Director. After Party D provides its opinion on the candidates for the Executive Director based on its industry expertise, the Executive Director shall be appointed with the
approval of the JVC’s shareholders representing at least two thirds (2/3) of the voting rights. The first term of office of the Executive Director shall end on December 31, 2024 and three (3) years for each subsequent term. The
Executive Director may be re-elected upon expiration of the term. 

  
 15 

 Article 23 Authority of the Executive Director 

The Executive Director is responsible for the day-to-day
operation and management of the JVC, conducting work within the approved annual budget, and his/her authorities include: 
  

	 	(a)	 Executing, maintaining, and promoting the JVC’s day-to-day operation and management; 

  

	 	(b)	 Managing and maintaining the JVC’s assets; 

 

	 	(c)	 Proposing candidates for the JVC’s Senior Management; 

 

	 	(d)	 Taking all actions necessary to maintain the JVC’s legal existence and conducting business activities in
the capacity of the JVC; 

  

	 	(e)	 Financing or borrowing money from banks in the capacity of the JVC; 

 

	 	(f)	 Opening, maintaining and cancelling the JVC’s bank accounts and issuing checks and other payment vouchers;

  

	 	(g)	 Deciding to engage the services of professionals, intermediaries and consultants for the JVC, including
independent audit firms; 

  

	 	(h)	 Deciding to file lawsuits or respond to lawsuits, or to conduct arbitration for the benefit of the JVC;
reaching a compromise, settlement or otherwise with the opposing party to resolve the dispute between the JVC and the opposing party; and taking all possible actions to ensure the security of the JVC’s property and reduce the risks that may be
posed to the JVC and its property as a result of the JVC’s business activities; 

  

	 	(i)	 Dealing with the JVC’s tax-related matters in accordance with
state tax administration regulations; and 

  

	 	(j)	 Taking other actions necessary to achieve the establishment purposes of the JVC and to preserve or pursue the
JVC’s legitimate rights and interests. 

 Chapter 8 Steering Committee 

Article 24 Steering Committee 
 The
Executive Director shall set up a steering committee (the “Steering Committee”) for the JVC, which shall consist of one member who shall be the Chairman and four other members. The term of office of the members of the Steering
Committee shall be permanent. 
 Except for the Chairman of the Steering Committee, who shall be a person appointed by the Executive Director
(who may also be the Executive Director himself/herself), the other members shall be appointed in the following manner: each of the top three shareholders of the JVC with the highest percentage of paid-up
capital in the JVC shall be entitled to appoint one member; and Party D shall be entitled to appoint one additional member. 

  
 16 

 The JVC Shareholders have the right to replace the members it is entitled to appoint or
assign at any time, and this shall take effect when the notice is delivered to the member who is the Chairman of the Steering Committee. 

Notwithstanding the foregoing, if there are less than three JVC Shareholders, the Executive Director shall appoint one member as the Chairman
of the Steering Committee, each shareholder shall have the right to appoint one member, and Party D shall have the right to appoint one additional member, and the total number of seats on the Steering Committee shall be changed accordingly. 

Article 25 Authorities and Voting Methods 

The Steering Committee shall hold at least one (1) meeting each quarter to exercise the following authorities: 

 

	 	(a)	 Deliberating and making recommendations on the operations, strategies, etc., of the JVC; 

 

	 	(b)	 Conducting investment analysis and follow-up checks on the
implementation of the matters covered in Paragraph (a) above; 

  

	 	(c)	 Increasing the seats of the Steering Committee and/or adjusting the JVC Shareholders with the authority to
appoint/assign members in accordance with the principle under Article 24 of this Agreement in the event of any subsequent capital contribution or joining of new shareholders; 

 

	 	(d)	 Approving the adoption of the JVC’s annual budget;. 

 

	 	(e)	 Inviting any investor to purchase the equity in the JVC and negotiate the corresponding agreement if it is more
beneficial to the JVC as a whole; 

  

	 	(f)	 Approving any related transaction agreement (other than those authorized under Articles 34 and 35) entered into
between and among any JVC Shareholders or their affiliates and the JVC, and the termination, modification or supplementation of any such related transaction agreement; provided that in case the operating company enters into, modifies or supplements
any related transaction agreement, if (1) any single transaction in the transaction amount involved in such related transaction agreement does not exceed RMB 1 million or (2) even if the cumulative transaction amount during the entire
term of the related transaction agreement exceeds RMB 1 million, but the cumulative amount for the each year does not exceed RMB 1 million, the JVC is not required to obtain an approval first but to submit such amount along with the
circumstance of such related transaction agreement to the most recent Steering Committee meeting for recognition; 

  
 17 

	 	(g)	 Appointing an independent audit firm (one of Deloitte, KPMG, PwC or Ernst & Young) for the JVC prior
to its listing; 

  

	 	(h)	 Approving the development of business identical or related to the JVC’s business in new areas;

  

	 	(i)	 Approving the appointment and removal of Senior Management; and 

 

	 	(j)	 Performing other authorities delegated to the Steering Committee by the JVC. 

Each member of the Steering Committee shall be entitled to one voting right. The resolutions of the Steering Committee under Paragraphs
(d)(e)(f)(h)(i) of this Article require a consensus from and among all members; otherwise, such matters shall be submitted to the shareholders’ meeting for resolution. Except as otherwise stipulated under this Agreement, other resolutions of
the Steering Committee shall be adopted by more than half (not inclusive) of the members. 
 Except as otherwise stipulated herein, the
members of the Steering Committee do not execute the affairs of the JVC and shall not represent the JVC externally. No member of the Steering Committee may participate in the management or control of the JVC’s investment business and other
activities, transactions and operations conducted in the name of the JVC, or sign documents on behalf of the JVC, or engage in other acts that bind the JVC in the capacity of a member of the Steering Committee. 

Meetings of the Steering Committee shall be convened and chaired by the member who is the Chairman of the Steering Committee, and the Steering
Committee shall send a written notice to all Steering Committee members at least ten (10) days prior to any Steering Committee meeting, setting forth the agenda, time and venue of the meeting. If the member who is the Chairman of the Steering
Committee deems appropriate, he/she may specify in the notice that the meeting will be held by video-conference. 
 Chapter 9 Board of
Supervisors 
 Article 26 Board of Supervisors 

The JVC shall have a Board of Supervisors with three (3) supervisors. Each of the top three JVC Shareholders with the largest percentage
of paid up capital contribution to the JVC will nominate one (1) supervisor. If the JVC has only two (2) shareholders with actual capital contributions, each of the JVC Shareholders may nominate one (1) supervisor, and Party D may
provide its opinion on the candidate of another (1) supervisor based on its 

  
 18 

 
industry expertise. Each shareholder shall ensure that at least one (1) of the supervisors of the Board of Supervisors is an employees’ representative. The term of office of the
supervisors shall be three (3) years, and they may be re-elected upon the expiration of their term. The Chairman of the Board of Supervisors shall be elected by the majority members of the Board of
Supervisors. 
 Article 27 Authorities of the Board of Supervisors 

The JVC’s Board of Supervisors shall exercise the following authorities: 

 

	 	(a)	 Inspecting the financial matters of the JVC. 

 

	 	(b)	 Supervising the discharge of duties by the Executive Director and the Senior Management, and proposing the
removal of the Executive Director or any Senior Management member who violates any law, administrative regulation, the Articles of Incorporation or any decision of the Executive Director; 

 

	 	(c)	 Requiring the Executive Director or members of the Senior Management to rectify when their acts impair the
JVC’s interests; 

  

	 	(d)	 Filing a lawsuit against the Executive Director or the Senior Management in accordance with Article 151 of the
PRC Company Law; and 

  

	 	(e)	 Launching an investigation if the Supervisors detect abnormal operation of the JVC. If necessary, the Board of
Supervisors may engage an accounting firm to assist with the investigation, and the related expenses shall be borne by the JVC. 

Each Supervisor shall be entitled to one voting right, and unless otherwise stipulated in this Agreement, resolutions of the Board of
Supervisors shall be adopted by more than half (not inclusive) of the Supervisors. 
 Chapter 10 Senior Management 

Article 28 Senior Management 
  

	 	(a)	 The senior management in charge of the
day-to-day management of the JVC shall consist of one (1) Chief Executive Officer (CEO) and one (1) Chief Financial Officer (CFO) and such other senior
management members that the Executive Director may deem necessary to recruit (collectively, the “Senior Management” or the “Management Team”). 

 

	 	(b)	 The Senior Management of the JVC shall be appointed by the Steering Committee after the Executive
Director’s opinion on the candidates for the Senior Management is provided. The term of office shall commence on the date of the effective appointment resolution until December 31, 2024 (the “Initial Term”) and may be
extended upon the expiration of the Initial Term through re-employment by the Executive Director. 

  
 19 

	 	(c)	 The Initial Term shall be extended for 2 years, i.e. until December 31, 2026 if the JVC’s Management
Team, under its operation, achieves reasonable key performance indicators (“KPIs”) during the Initial Term. 

  

	 	(d)	 The Management Team shall have the right to establish an employee stock option plan and submit to the
shareholders’ meeting a proposal for granting a reasonable number of employee stock options to the JVC’s employees. 

Article 29 CEO’s Duties 
 The
Executive Director shall delegate to the CEO all the powers and authorities necessary for the JVC’s day-to-day management, including but not limited to: 

 

	 	(a)	 The CEO shall be responsible for the
day-to-day management and operation of the JVC within the approved annual budget. To the extent expressly authorized by the Executive Director, the CEO shall have the
authority to represent the JVC, enter into contracts or agreements and bind the JVC in external matters other than those set forth in this Agreement that are within the authority of the Executive Director; 

 

	 	(b)	 The CEO shall have the authority to make final decisions regarding the business operations of the JVC in
accordance with the programmatic documents of the JVC (such as this Agreement, the Articles of Incorporation, resolutions of the shareholders’ meetings and decisions of the Executive Director); and 

 

	 	(c)	 All management employees of the JVC (including but not limited to the senior corporate officers of the JVC)
shall be recruited by and report to the CEO. 

  

	 	(d)	 An annual budget report shall be prepared and submitted to the Steering Committee for approval.

 Article 30 Exemption of Personal Liability 

For actions taken by the JVC’s Senior Management in their respective capacity and within the scope of their authority and in accordance
with general practice, such individuals shall be released from personal liability and shall be indemnified by the JVC except for claims or allegations arising from willful inaction or gross negligence, fraud, corruption or gross dereliction of
duties. 

  
 20 

 Chapter 11 Special Commitments of the JVC Shareholders 

Article 31 Non-competition and Non-solicitation 

 

	1.	 Non-competition 

The JVC Shareholders undertakes that they will (and will cause their affiliates to) maintain the confidentiality of the JVC’s trade
secrets (including technical know-how, customer information, etc.). 
 The JVC Shareholders
undertakes that they or their affiliates have not and will not in Mainland China, prior to December 31, 2024, (i) engage, directly or indirectly, in any business identical or similar to the business to be conducted by the JVC at that time
(including but not limited to the rental and trading of battery packs for electrically powered vehicles (e.g., electric motorcycles and/or electric bicycles), and the operation, maintenance and trading of battery swapping stations and the provision
of battery swapping services; hereinafter, the “Competing Business”); or (ii) holds, directly or indirectly, any ownership, shareholding, equity interest or competing position in any other entity engaging in the same or similar
business as the Competing Business (provided, however, that this restriction does not apply to such Shareholder or its affiliate holding less than a total of 5% of the securities of a listed company for the purpose of financial investment)
(collectively, the “Non-competition Restriction”). 
 Notwithstanding the foregoing,
if Party D gives a written notice to the JVC and the Chairman of the Steering Committee, proposing that the JVC conducts business related to the JVC in other areas in Mainland China (the “New Area Business”), the JVC and the
Chairman of the Steering Committee shall submit such Party D’s proposal to the Steering Committee for a resolution. The Steering Committee/JVC shall respond to Party D in writing within one hundred and twenty (120) days from the date of
receipt of the written notice (the “Proposal Consideration Period”) as to whether it agrees to have the JVC launch the New Area Business. If the Steering Committee/JVC rejects the JVC’s launch of the New Area Business or fails
to respond during the Proposal Consideration Period, then Party D may, upon receipt of the Steering Committee/JVC’s rejection or expiration of the Proposal Consideration Period, launch the New Area Business on its own and/or with its affiliates
or in cooperation with any third party (not any of JVC Shareholders) without any restriction. 
 If the JVC intends to participate in the New
Area Business after the New Area Business is actually launched by Party D and/or its affiliate together (and possibly together with other non-JVC Shareholders), the JVC may separately negotiate with Party D
for matters relating to the specific investment. 
  

	2.	 Non-solicitation 

The JVC Shareholders undertake that they or their affiliates will not, prior to December 31, 2024 in Mainland China, (i) induce any
entity doing business with the JVC to terminate its relationship or association with the JVC in any manner; or (ii) employ or engage any company or individual currently working for the JVC or encourage, solicit or cause the termination of
relationship or connection with the JVC by any such company or individual. 

  
 21 

 Chapter 12 Entrustment, Consultation Services and Profit Distribution 

Article 32 Entrustment and Consultation Services 

The JVC shall entrust Party D to provide consultation services to the JVC and shall enter into a consultation services agreement with Party D
for Party D to provide consultation services to the JVC to promote the JVC’s business and conduct operation affairs, including but not limited to: 
  

	 	(a)	 Providing advice and recommendations relating to the JVC’s business; 

 

	 	(b)	 Providing market information and industry analysis relating to the rental of battery packs and the operation of
battery swapping stations; 

  

	 	(c)	 Providing opinions and recommendations in connection with the JVC’s disposal of assets and business
operation; 

  

	 	(d)	 Providing opinions and recommendations on the handling of claims and liabilities; 

 

	 	(e)	 Providing legal service support, including but not limited to contracts, dispute management, etc.;

  

	 	(f)	 Providing opinions and recommendations on acquisition and merger matters; 

 

	 	(g)	 Providing opinions and suggestions on the employee incentive policy; 

 

	 	(h)	 Providing public relations services; 

 

	 	(i)	 Providing industry and market research, studies, and consultation services; 

 

	 	(j)	 Formulating short and medium-term market development and marketing plans; 

 

	 	(k)	 Providing human resource management, employee training and internal information management services, including
the recommendation of candidates for Senior Management; 

  

	 	(l)	 Providing advice and recommendations on internal control systems, including the financial internal control
system; 

  

	 	(m)	 Using patented and proprietary technologies to research and develop available services; 

 

	 	(n)	 Providing information technology (IT) support services; 

 

	 	(o)	 Using patents, trademarks, software copyrights, domain names, etc.; and 

  
 22 

	 	(p)	 Handling other matters at the request of the JVC. 

For the purpose of providing consultation services, the JVC shall cooperate in providing all documents requested by Party D. 

On the day after both Party A and Party B have paid up the first installment of the actual total investment amount they have subscribed to in
accordance with the period set forth in Article 12 or in the manner set forth in Article 13, Party D shall commence the discussions with the JVC, Party A and/or Party B about business development in Mainland China, even if the consultation services
agreement has not yet been signed by the JVC and Party D, and, to the extent permitted by laws and regulations or the approvals applicable to Party D, its affiliates and/or their shareholders, the JVC may enjoy the services that can be provided
based on Party D’s intellectual property and research and development according to the discussion progress. For the avoidance of doubt, this does not exempt the JVC from the requirement to sign the consultation services agreement with Party D.

 Article 33 Fees for Entrustment and Consultation Services 

The fees for the consultation services provided by Party D to JVC (the “Consultation Service Fees”) shall be based on the
Consultation Service Fees quoted by Party D and agreed by JVC, and the consultation services shall be provided after the JVC’s approval. The JVC shall pay the Consultation Services Fees to Party D on a monthly basis. The JVC shall confirm the
bill for the Consultation Service Fees within five (5) business days after each receipt of the bill from Party D and pay Party D by the last business day of the month. 

Article 34 Trade in Equipment and Services 

The Parties agree that Party D and/or Party D’s affiliates will sell battery packs and battery swapping stations to JVC and authorize
Party D to cause the JVC and Party D and/or Party D’s affiliates to enter into a separate commercial agreement for the sale of battery packs and battery swapping stations under the pricing principle in this Article 34. The pretax price for the
sale of battery packs and battery swapping stations by Party D and/or Party D’s affiliates to the JVC shall be: cost price* (1+[***]%, but it should be 1+[***]% within 12 months after the first official order for battery packs and battery
swapping stations). In particular, the cost price of the battery packs and battery swapping stations shall include the material cost, manufacturing cost, warranty cost, reasonable overhead cost, packaging fees, transportation cost and import duty
(if any). 
 In the event of the above transactions, the JVC may engage an independent audit firm if deemed necessary by the JVC to
independently audit the prices for which battery packs and battery swapping stations are sold by Party D and/or Party D’s affiliates to the JVC for each fiscal year and issue an audit report for the Executive Director and the JVC Shareholders
to determine whether such transactions are in compliance with this Agreement. Such independent audit firm shall be selected by the Executive Director from the U.S. or Singapore offices of Deloitte, KPMG, PwC or Ernst & Young. 

  
 23 

 Article 35 Revenue Sharing 

In consideration of the sale of battery packs and battery exchange stations by Party D and/or Party D’s affiliates to the JVC in
accordance with the pricing principle under Article 34, the JVC Shareholders and the JVC hereby irrevocably agree that the JVC will share revenues from the battery exchange services with Party D in accordance with the following principles; 

 

							
	 Revenue sharing

calculation method
 (cumulative
users)
  
 (including

individuals and
 businesses)

 
 (RMB, before tax)
	  	 One-cell

battery pack
	  	 Within 12

months after the
 first
user
	  	RMB [***]/ per user/ per month
	  	Standard	  	  
 [***]% of the battery exchange revenue from

each user each month
  

(Minimum charge:
 RMB [***]/per
user/per month)

	  	 Double-cell

battery pack
	  	 Within 12

months after the
 first
user
	  	 RMB [***]/ per

user/ per month

	  	Standard	  	  
 [***]% of the battery exchange revenue from each
user each month
  
 (Minimum charge: RMB [***]/per user/per
month)

 For the avoidance of doubt, each electrically powered transportation vehicle is counted as one user. In
addition, if there are electrically powered transportation vehicles that use more than two batteries, the monthly revenue sharing per user for a period of 12 months after first official user shall be calculated as follows: RMB [***]*number of
battery packs, and the standard revenue share shall be [***]% of the monthly battery exchange revenue from each user, and the minimum charge shall be RMB [***]* the number of battery packs. 

  
 24 

 Notwithstanding the foregoing, in the event that the JVC provides free or discounted battery
exchange services in any form or for any period as a result of a promotion, customer satisfaction service, or any other form during the month and thus results in an exemption of the battery exchange charges, the amount of such battery exchange
charge exemption shall be included in the revenue from battery exchange charges to calculate the revenue share. 
 The JVC shall pay the
revenue share to Party D on a monthly basis. Within five (5) business days after the end of each month, JVC shall calculate the same based on the revenue from the battery exchange charges from the previous month with the calculation confirmed
by the JVC’s Management Team before providing the information in writing to Party D with relevant details sufficient to allow Party D to assess the accuracy of the calculation. Party D shall confirm the above-mentioned calculation data within
three (3) business days upon receipt. The JVC shall pay to Party D the revenue share for the previous month by the last business day of the month, and in the event of any dispute between the Parties as to the amount of the revenue share payable
by the JVC, the JVC shall still pay to Party D the undisputed portion of the revenue share for the previous month by the last business day of the month. 

The Parties further authorize Party D to cause the JVC and Party D and/or Party D’s affiliates to enter into a separate commercial
agreement on revenue sharing under the principles of this Article 35. 
 Article 36 Participation Rights of Party D in Material Matters 

The JVC Shareholders agree that they shall consult Party D when voting in the shareholders’ meetings on matters relating to the JVC. If
the JVC holds a regular shareholders’ meeting or a special shareholders’ meeting, the JVC and the JVC Shareholders shall notify Party D in advance and allow Party D’s authorized parties to participate in the meeting. 

Chapter 13 Distribution of Profits 

Article 37 Distributable Profits 
 When
the JVC distributes the after-tax profit for the year, ten percent of the profit (10%) shall be set aside and included in the legal reserve of the JVC until the JVC’s accumulated legal reserve reaches
fifty percent (50%) of the Registered Capital of the company. If the JVC’s legal reserve is not enough to make up for losses from the previous years, the profit for the year should be used to make up for losses before being set aside for the
legal reserve. 
 For the after-tax profit following the compensation for losses and allocation for
the legal reserve by the JVC, after the after-tax profit is deducted against (1) the funds required by the JVC (including but not limited to working capital, business expansion funds, capital expenditure
funds, etc.) for at least 

  
 25 

 
the next twelve months in accordance with the operating plan of the JVC or its subsidiaries; and (2) the actual total investment by the JVC Shareholders, if the remaining amount is no less
than RMB 200 million, cash distribution may be made on the basis of the percentage of each shareholder’s paid up contribution to the JVC with the amount and timing of the distribution decided by the Executive Director; provided, however,
if the distributable cash of the JVC does not meet the above conditions at the time of specific distribution, the Executive Director may decide not to make the distribution. 

Chapter 14 Finance, Accounting and Auditing 

Article 38 Bookkeeping 
 The JVC shall
maintain accounting books that reflect the transaction items of the JVC and be in compliance with the relevant laws and regulations within the statutory period as the basis for submitting financial statements to the Parties. The JVC shall prepare
accounting books using the Chinese Enterprise Accounting Standards. 
 Article 39 Accounting Year 

The JVC’s fiscal year shall commence on January 1 of each calendar year and end on December 31 of the same year. The first
fiscal year of the JVC shall commence from March 23, 2020 and end on December 31 of the same year. The last fiscal year of the JVC shall commence on January 1 of the year of the JVC’s termination and end on the date of the
JVC’s termination. 
 Article 40 Annual Financial Report and Semi-Annual Financial Report 

Starting from the end of the first calendar year after the signing of this Agreement, the JVC shall, within one hundred and twenty
(120) days after the end of each fiscal year, submit audited annual financial reports, including a balance sheet, income statement, cash flow statement and the balance of each shareholder’s capital account in the JVC and the changes during
such accounting period, to the shareholders holding at least five percent (5%) of the paid-up capital of the JVC. 

Starting from the end of the first calendar year after the signing of this Agreement, the JVC shall submit unaudited summary financial
information (including the balance sheet and income statement) for the previous semi-annual period to the shareholders holding five percent (5%) or more of the paid-up capital in the JVC within ninety
(90) days from the end of each semi-annual period. 
 Article 41 Audit Report and Independent Audit Right 

The JVC shall have its financial statements audited by an independent audit firm after the end of each fiscal year. 

  
 26 

 The Parties agree that Party D shall have the right to have the JVC submit audited annual
financial reports and unaudited half-year summary financial information upon notice to the JVC, and that Party D may appoint a reputable international accounting firm to conduct an independent audit of the JVC to confirm the JVC’s compliance
with the covenants under this Agreement and the provisions of applicable laws and regulations. Party D shall bear the expenses for such independent audit. Such independent audit shall be conducted during the JVC’s normal business hours at the
place where the accounting vouchers are kept and the scope of the audit shall include, without limitation to, the JVC’s accounting books, accounting vouchers and accounts. 

Article 42 Access to Financial Books and Tax Information 

After giving a written notice ten (10) business days in advance (such written notice shall include the time of the proposed inspection and
the content of the proposed inspection of the accounting books), a shareholder holding more than five percent (5%) of the paid-up capital of the JVC and/or Party D have the right to inspect, in person or
through an agent, the JVC’s accounting books for legitimate reasons related to its shareholding within a reasonable time limit during normal business hours, provided that the inspection should be accompanied by a person designated by the JVC
and that the normal operations of the JVC should not be affected. In exercising their rights under this article, the Parties shall comply with the confidentiality procedures and requirements formulated or updated by the JVC from time to time. In
addition, the Parties shall have the right to obtain tax information relating to the JVC. 
 Chapter 15 Confidentiality 

Article 43 Confidentiality 
 Each Party
shall be responsible for the highest level of confidentiality of the trade secrets of the other Parties which are learned as a result of the negotiation, execution and implementation of this Agreement. The JVC Shareholders shall also be responsible
for the highest level of confidentiality of the JVC’s business information that they learn through financial reports, audit reports, financial books and tax information. The terms of this Agreement shall not be disclosed to anyone other than
the Parties’ senior management, related individuals, legal counsels, accountants or other professional consultants who need to know such information in order to assist the Parties with this transaction, except that Party D and the Executive
Director of JVC shall have the right, in their good-faith judgment, to disclose this Agreement to relevant persons for the purpose of conducting the JVC’s affairs or providing consultation services to JVC (including, but not limited to, seeking
new potential shareholders for the JVC, and any purpose of complying with laws and regulations and meeting governmental requirements). 

  
 27 

 Chapter 16 Dissolution and Liquidation 

Article 44 Dissolution 
 The JVC shall be
terminated and liquidated upon occurrence of any of the following circumstances: 
  

	 	(a)	 The JVC becomes insolvent or is unable to continue its operation due to changes in economic conditions and is
dissolved by a resolution of the shareholders’ meeting; 

  

	 	(b)	 The JVC is dissolved by a resolution of the shareholders’ meeting due to a force majeure event;

  

	 	(c)	 The JVC is dissolved and liquidated by a resolution of the shareholders’ meeting for other reasons.

 Article 45 Liquidation 
  

	 	1.	 Liquidation team 

 

	 	(a)	 The liquidation team of the JVC shall be composed of the shareholders and shall exercise the following
authorities: 

  

	 	(b)	 Liquidating the JVC’s property and preparing a balance sheet and a list of property respectively;

  

	 	(c)	 Notifying and making a public announcement to creditors; 

 

	 	(d)	 Dealing with the JVC’s outstanding business in connection with the liquidation; 

 

	 	(e)	 Repaying taxes owed and taxes arising in the course of liquidation; 

 

	 	(f)	 Settling claims and debts; 

 

	 	(g)	 Disposing of the JVC’s remaining property after the settlement of its debts; and 

 

	 	(h)	 Representing the JVC in civil litigation activities. 

The liquidation team shall use its best efforts to liquidate the assets for the highest prices possible and to obtain foreign swapping payments
as much as possible. 
  

	 	2.	 Liquidation plan 

After liquidating the JVC’s property and preparing the balance sheet and the list of property, the liquidation team shall formulate a
liquidation plan and submit it to the shareholders’ meeting for confirmation. 

  
 28 

	 	3.	 Order of liquidation 

Upon termination and liquidation of the JVC, the JVC’s property shall be liquidated and distributed in the following order: 

 

	 	(a)	 The JVC shall first be liquidated in respect of the following expenses: 

 

	 	i	 Payment of liquidation expenses; 

 

	 	ii	 Payment of employees’ salaries, social insurance costs and statutory compensation; 

 

	 	iii	 Payment of taxes owed; 

 

	 	iv	 Settlement of the JVC’s debts. 

In particular, liquidation under Subparagraphs i to iii must be conducted in cash, and if the cash portion is insufficient, other additional
assets should be liquidated. For Subparagraph iv, the manner of repayment shall be negotiated with the creditors. 
  

	 	(b)	 If the JVC has remaining distributable property after the liquidation of the costs listed in Article 45,
Paragraph 3, Subparagraph (a), such remaining distributable property shall be distributed in proportion to each shareholder’s paid-up capital in the JVC. 

 

	 	4.	 Liquidation Report 

After the liquidation is completed, the liquidation team shall prepare a liquidation report for submission to the shareholders’ meeting
for confirmation and submit it to the registration authority to apply for the cancellation registration of the JVC. 
 Chapter 17 Force
Majeure and Impact of Laws, Regulations and Policies 
 Article 46 Force Majeure 

“Force majeure” means all events occurring after the execution of this Agreement which are not foreseeable upon execution of
this Agreement and whose occurrence and consequences cannot be avoided or overcome and which prevent any party from performing this Agreement in whole or in part. Such events include earthquakes, typhoons, floods, fires, wars, interruptions of
international or domestic transportation, acts of governments or public agencies (including major changes in laws or policies), epidemics, civil unrest, strikes, and other events generally recognized as force majeure under international business
practice. A Party’s lack of fund is not a force majeure event. 
 If a force majeure event occurs which affects a Party’s
performance of its obligations under this Agreement, the suspension of such performance during the period of delay caused by the force majeure shall not be considered a breach of contract. The Party claiming force majeure shall promptly notify the
other Parties in writing and within fifteen (15) days thereafter provide sufficient evidence of the occurrence and continuation of the force majeure. 

  
 29 

 In the event of a force majeure event, the Parties shall immediately consult with each other
to find an equitable solution and shall use all reasonable efforts to minimize the consequences of the force majeure. If the occurrence or consequences of force majeure materially impede the operation of the JVC for a period of more than six
(6) months and the Parties do not find an equitable solution, the JVC shall be liquidated. 
 Chapter 18 Governing Law and Dispute
Resolution 
 Article 47 Governing Law 

All matters of this Agreement, including but not limited to its contractual validity, interpretation and performance and the settlement of
disputes, shall be governed by the PRC laws. 
 Article 48 Dispute Resolution 

All disputes arising out of and in connection with this Agreement shall first be settled through amicable negotiation between the relevant
Parties. If the dispute is not settled by amicable negotiation within thirty (30) days after one Party gives written notice to the other Party or Parties requesting the commencement of amicable negotiation, or if one Party fails to comply with
any settlement agreement reached within sixty (60) days after settlement is reached by negotiation, the dispute shall be submitted to arbitration and resolved by the Hong Kong International Arbitration Center (HKIAC) under the HKIAC
Administered Arbitration Rules in force with the Hong Kong as the place of arbitration. The arbitration shall be conducted in English. The arbitral tribunal shall consist of three (3) arbitrators. One (1) arbitrator shall be appointed by
the Party initiating the arbitration (i.e. the claimant) and one (1) arbitrator shall be appointed by the Party answering the arbitration (i.e. the respondent). The third arbitrator shall be selected by the two arbitrators already appointed. If
the disputing Parties cannot agree on the choice of the third arbitrator within fifteen (15) days upon receipt of the arbitration notice, such arbitrator shall be appointed by the arbitration committee. The award rendered by the arbitration
committee under the law and its arbitration rules shall be final and binding on the disputing Parties. The disputing Parties agree to waive any challenge or defense against such award to the extent permitted by law. The arbitration cost shall be
borne by the losing Party, unless otherwise awarded by the arbitral tribunal. The losing Party shall also reimburse the prevailing Party for its expenses such as attorney fees. 

  
 30 

 Chapter 19 Listing of the JVC 

Article 49 Listing of the JVC 
 All the
shareholders of the JVC agree that if the JVC intends to pursue the listing of the JVC, they will agree to all relevant pre-listing restructuring and corresponding adjustments to the relevant provisions of
this Agreement (including but not limited to any termination of the special rights of the JVC Shareholders as required under the listing laws and regulations) in order to meet the regulatory requirements for the listing of the JVC, and will fully
cooperate with such restructuring and adjustments. In addition, the JVC Shareholders agree to enter into such lock-up undertakings as may be required under the relevant laws and regulations and reasonably
requested by the underwriters at that time. The JVC Shareholders shall use their reasonable efforts to jointly cause the JVC to comply with the requirements for listing in Mainland China, including the independence and integrity of its assets and
business, and to push for a reduction in the proportion of the JVC’s related transactions year by year, and the proportion of the revenue, costs and expenses, or total profit of the JVC’s related transactions at the time of listing
declaration shall be less than 30% of the corresponding indications of the JVC and meet all other requirements under the listing rules for related transactions. 

If it is necessary for the JVC to obtain intellectual property rights such as patents registered or owned by Party D and/or its affiliates in
Mainland China in order to comply with the requirements for listing in Mainland China (including the operational requirements for the listing review), the JVC and Party D will, on their own and/or cause their affiliates to, conduct joint discussions
and arrive at solutions to the greatest extent permitted by applicable laws, regulations and approvals (including the laws, regulations and approvals applicable to such their affiliates and shareholders), in consideration of the greatest common
interests of the JVC and Party D (including their affiliates and shareholders) and according to the degree of the JVC’s needs for intellectual property rights, including but not limited to exclusive and perpetual licensing of intellectual
property rights, sale of intellectual property rights under prices, conditions and contractual terms agreed by the respective boards of directors and shareholders’ meetings of the JVC and Party D and/or its affiliates, and/or application for
the intellectual property rights needed for the operation in Mainland China in the name of the JVC, and other solutions. 
 For the avoidance
of doubt, this article does not grant any of the JVC Shareholders the right to request the JVC to pursue the JVC’s listing. 

  
 31 

 Chapter 20 Contractual Validity and Others 

Article 50 Notice 
  

	 	(a)	 All documents and information relating to this Agreement and all communications between the Parties shall be
delivered by e-mail, personal delivery, registered or courier, airmail, etc., to the following addresses of the relevant Parties as follows: 

Party A: Yadea Technology Group Co. Ltd. 

Address: No.515, Xishan District, Anzhen Street, Xishan District, Wuxi City, Jiangsu Province 

Recipient: Wang, Jin-Long 

Tel No : [***] 
 E-Mail: [***] 
 Party B: Jiangmen Dachangjiang Group Co., Ltd. 

Address: No.5, Jianda North Road, Jiangmen City, Guangdong Province 

Recipient: Li, Jian-Jun 

Tel No : [***] 
 E-Mail: [***] 
 Party C: Ai Huan Huan Energy (Shanghai) Ltd. 

Address: Suite 45/F, K.Wah Centre, 1010 Huaihai Road (M), Xuhui District, Shanghai 

Recipient: Li, Zhou-Ru 

Tel No : [***] 
 E-Mail: [***] 
 Party D: Gogoro Network Pte. Ltd. 

Address: No.33, Dinghu Rd., Gueishan Dist., Taoyuan City, Taiwan 

Recipient: Hok-Sum Horace Luke 

Tel No : [***] 
 E-Mail: [***] 
 Copy: Gogoro Legal Dept. (address: 11F, Building C, No.225, Sec. 2, Chang’an E.
Rd., Songshan Dist., Taipei City, Taiwan; attention: Head of Legal 

  
 32 

	 	(b)	 With a copy to: the legal department of Party D (Address: 11F., Building C, No. 225, Sec. 2, Chang’an
E. Rd., Songshan Dist., Taipei City, Taiwan; Recipient: Legal Director )Unless earlier receipt is proven by evidence, any document, information, notice or demand shall be deemed to be given if the covenants below are followed: 

 

	 	i	 In the case of delivery by e-mail, the notice is deemed to be given
when sent to the e-mail referred to in Paragraph (a) of Article 50 (if it is not returned); 

  

	 	ii	 In the case of personal delivery, the notice is deemed to be given when it is delivered to the address set
forth in Article 50, Paragraph(a) (whether or not it is received or accepted); 

  

	 	iii	 In the case of delivery by registered mail with postage prepaid or courier, the notice is deemed to be given
ten (10) business days after posting; and 

  

	 	iv	 In the case of delivery via airmail, the notice shall be deemed to be given five (5) business days after
being mailed. 

  

	 	(c)	 In the event of any change to the address or contact details of any Party to this Agreement, such Party shall
give a written notice of such change to the other Parties in accordance with this Article 50, and such new address or contact details shall become effective immediately seven (7) days upon issuance of such notice. 

Article 51 Entire Agreement 
 This
Agreement constitutes the entire agreement between and among the Parties and supersedes all prior agreements, offers, undertakings or memoranda, both oral and written, with respect to the JVC. 

Article 52 Severability 
 If any provision
or provisions of this Agreement or any document executed in connection therewith shall be held invalid, illegal or unenforceable in any respect under any applicable law, then (i) the validity, legality and enforceability of the other provisions
of this Agreement shall not be affected or impaired in any way and shall continue in full force and effect; and (ii) the Parties shall promptly replace such invalid, illegal or unenforceable provision or provisions with a valid, legal and
enforceable provision or provisions that are the most similar in intent to such invalid, illegal or unenforceable provision or provisions. 
 Article 53
Interpretation of Provisions 
 For the avoidance of doubt, the provisions of this Agreement that are of an accounting or financial
nature shall be interpreted in accordance with the GAAP or IFRS as applicable to the JVC. 
 Article 54 Waiver 

The failure or delay of any Party to exercise any privilege, power or right under this Agreement or any other agreement relating thereto shall
not be deemed a waiver of such privilege, power or right. Any single or partial exercise of such privilege, right or power shall not be deemed to preclude any other or further exercise of any other such privilege, right or power. 

  
 33 

 Article 55 Discrepancy or Conflict 

In the event of any discrepancy or conflict between this Agreement and the Articles of Incorporation, this Agreement shall prevail. The
Articles of Incorporation shall be amended accordingly to be consistent with this Agreement. 
 Article 56 Amendment 

Any additions and amendments to this Agreement shall be made by means of a written document signed by the Parties. 

Article 57 Signed Texts 
 This Agreement
shall be executed by the Parties in four (4) original copies, each of which shall have the same legal effect. 
 Article 58 Entry into Force

 This Agreement shall be legally binding on each signatory from the date of each Party’s signature. 

The effect of this Agreement to any Party shall be extended to the heirs, successors, assigns, agents, and others thereof. 

[no text below]. 

  
 34 

  
 [-]Signature Page of
the Capital Increase AgreementEX-10.13

 Exhibit 10.13 

Gogoro Energy Network (Cayman), Taiwan Branch 

NT$7,200,000,000 Syndicated Credit Facility 

Syndicated Credit Facility Agreement 

Arrangers 
 Mega
International Commercial Bank Co., Ltd. 
 Mega Bills Finance Co., Ltd. 

Taiwan Cooperative Bank Ltd. 

Taiwan Business Bank, Ltd. 
 First
Commercial Bank Co., Ltd. 
 Chang Hwa Commercial Bank, Ltd. 

Agent 
 Mega International
Commercial Bank Co., Ltd. 
 Banking Syndicate 
  

			
	 Mega International Commercial Bank Co., Ltd.

Taiwan Cooperative Bank Ltd.
 First
Commercial Bank Co., Ltd.
 China Bills Finance Corporation

International Bills Finance Corporation

E.SUN Commercial Bank, Ltd.
 Bank
SinoPac
 Taiwan Shin Kong Commercial Bank Co., Ltd.

Ta Ching Bills Finance Corporation
	  	 Mega Bills Finance Co., Ltd.

Taiwan Business Bank, Ltd.
 Chang
Hwa Commercial Bank, Ltd.
 Grand Bills Finance Corporation

Taishin International Bank Co., Ltd.

Taipei Fubon Commercial Bank Co., Ltd.

EnTie Commercial Bank
 Far Eastern
International Bank Co., Ltd.
 Taiwan Cooperative Bills Finance Corporation

 March 28, 2019 
  

 
 KPMG Law Firm

 61F, No. 7, Section 5, Xinyi Road, Xinyi District, Taipei City 

 Confidential – Execution Version 

 
 Table of Contents 

 

					
	 Article 1
	  	Definitions and Interpretations	  	2
	 1.
	  	Definitions	  	2
	 2.
	  	Interpretations	  	5
	 Article 2
	  	Credit Facility	  	6
	 1.
	  	Granting and Purpose of Facility	  	6
	 2.
	  	Credit Limit	  	6
	 3.
	  	Credit Period	  	6
	 4.
	  	Drawdown Deadline	  	7
	 5.
	  	Drawdown Manner	  	7
	 6.
	  	Drawdown Notice	  	8
	 Article 3
	  	Repayment and Other Loan Conditions	  	10
	 1.
	  	Interest (Fee) Rate Computation and Payment	  	10
	 2.
	  	Repayment	  	12
	 3.
	  	Delay Interest and Breach Penalty	  	13
	 4.
	  	Cancellation of Credit Limit	  	13
	 5.
	  	Prepayment of Tranche A Facility and Tranche B Facility	  	14
	 6.
	  	Mandatory Prepayment	  	14
	 7.
	  	Taxes and Charges	  	14
	 8.
	  	Increased Cost	  	15
	 9.
	  	Indemnification	  	15
	 10.
	  	Time and Place of Payment	  	15
	 Article 4
	  	Conditions Precedent to Drawdown Limit	  	15
	 1.
	  	Conditions Precedent to Initial Drawdown	  	15
	 2.
	  	Conditions Precedent to Subsequent Drawdown	  	17
	 3.
	  	Other Conditions Precedent to Drawdown	  	17
	 4.
	  	Other Conditions to Maintain Facility	  	18
	 Article 5
	  	Issuance of Commercial Paper	  	18
	 1.
	  	Details of Each Issuance	  	18
	 2.
	  	Issuance Application Procedure	  	18
	 3.
	  	Payment of Commercial Paper Price	  	19
	 4.
	  	Repayment of Commercial Paper	  	19
	 5.
	  	Issuer Specimen Seal	  	20
	 6.
	  	Guarantee Bank and Underwriter Specimen Seal	  	20
	 Article 6
	  	Special-Purpose Account and Security	  	20
	 1.
	  	Special-Purpose Account and Pledge	  	21
	 2.
	  	Promissory Note	  	21
	 Article 7
	  	Guarantee	  	22
	 1.
	  	Joint and Several Guarantee	  	22
	 2.
	  	Guarantor’s Consent	  	22
	 3.
	  	Addition/Replacement of Guarantor	  	23
	 4.
	  	Guarantor’s Consent Letter	  	23

  
 i 

 Confidential – Execution Version 

 

							
	 	Article 8	 	  	Representation and Warranty	  	24
	 	1.	 	  	Corporate Existence and Authority	  	24
	 	2.	 	  	Authority and Binding Effect	  	24
	 	3.	 	  	Legality	  	24
	 	4.	 	  	No Pending Litigation	  	24
	 	5.	 	  	No Breach of Contract	  	25
	 	6.	 	  	Information Disclosure	  	25
	 	7.	 	  	Financial Status	  	25
	 	8.	 	  	Taxes and Charges	  	25
	 	9.	 	  	Full Ownership	  	26
	 	10.	 	  	Continuity	  	26
	 	Article 9	 	  	Undertakings	  	26
	 	1.	 	  	Use of Funds	  	26
	 	2.	 	  	Financial Report	  	26
	 	3.	 	  	Financial Covenants	  	27
	 	4.	 	  	Declaration and Other Materials	  	27
	 	5.	 	  	Property Inspection and Accounting Books and Records	  	28
	 	6.	 	  	Company and Asset Maintenance	  	28
	 	7.	 	  	Asset Maintenance and Proper Insurance	  	28
	 	8.	 	  	Shareholder Advance	  	28
	 	9.	 	  	Claim Subordination	  	29
	 	10.	 	  	Due Performance and Debt Repayment	  	29
	 	11.	 	  	Compliance with Applicable Laws	  	29
	 	12.	 	  	Other Security	  	29
	 	13.	 	  	GoStation/Negative Pledge	  	29
	 	14.	 	  	GoStation Insurance	  	30
	 	15.	 	  	Shareholding Percentage	  	30
	 	16.	 	  	Capital Increase in Cash	  	30
	 	17.	 	  	Notice of Major Events	  	30
	 	18.	 	  	Negative Covenants	  	31
	 	19.	 	  	Loss of Debt Certificate	  	32
	 	20.	 	  	Debt Certificate and Signature	  	32
	 	21.	 	  	Information Collection and Use	  	32
	 	22.	 	  	Legal Compliance	  	34
	 	Article 10	 	  	Breach	  	34
	 	1.	 	  	Event of Breach	  	34
	 	2.	 	  	Determination of Event of Breach	  	36
	 	3.	 	  	Effect of Event of Breach	  	36
	 	4.	 	  	Setoff and Lien	  	37
	 	5.	 	  	Order of Setoff	  	38
	 	Article 11	 	  	Fees and Costs	  	38
	 	1.	 	  	Fees	  	38
	 	2.	 	  	Bearing of Legals Cost, etc.	  	39
	 	Article 12	 	  	Relationship among Agent, Arrangers and Syndicated Banks	  	40
	 	1.	 	  	Appointment	  	40
	 	2.	 	  	Joint Claims	  	40
	 	3.	 	  	Independent Obligations of Banks	  	40
	 	4.	 	  	Specific Duties and Obligations	  	41

  
 ii 

 Confidential – Execution Version 

 

							
	 	5.	 	  	Duties by Engagement	  	41
	 	6.	 	  	Disclaimer	  	41
	 	7.	 	  	Trust	  	42
	 	8.	 	  	Income Distribution	  	42
	 	9.	 	  	Sharing of Costs	  	43
	 	10.	 	  	Sharing of Credit Risk	  	43
	 	11.	 	  	Sharing of Security Interest	  	43
	 	12.	 	  	Breach Notice	  	43
	 	13.	 	  	Independent Credit Verification and Investigation	  	44
	 	14.	 	  	Compensation	  	44
	 	15.	 	  	Return of Funds	  	44
	 	16.	 	  	Individual Capacity	  	45
	 	17.	 	  	Successor Agent	  	45
	 	18.	 	  	Meeting of Syndicated Banks	  	45
	 	Article 13	 	  	Miscellaneous	  	45
	 	1.	 	  	Assignment	  	45
	 	2.	 	  	Revision and Exemption	  	46
	 	3.	 	  	No Waiver	  	47
	 	4.	 	  	Notice	  	47
	 	5.	 	  	Exchange Rate	  	47
	 	6.	 	  	Conflict	  	48
	 	7.	 	  	Severability	  	48
	 	8.	 	  	Place of Performance	  	48
	 	9.	 	  	Governing Law and Jurisdiction	  	48
	 	10.	 	  	Application of Applicable Laws and Charters	  	48
	 	11.	 	  	Money Laundering Prevention and Counter-Terrorist Financing Clause	  	48
	 	12.	 	  	Copies	  	49

  
 iii 

 Attachments 
  

			
	1.	  	Committed Limit Details
	1-1.	  	Contact Details
	2.	  	Drawdown Application
	3.	  	Estimated 2016 Syndicated Loan Repayment Schedule
	4.	  	Commercial Paper Issuance Application
	5.	  	Guarantee and Underwriting Notice
	6.	  	Issuer Specimen Seal/Signature Certificate
	7.	  	Guarantor Specimen Seal/Signature Certificate
	8.	  	Underwriter Specimen Seal/Signature Certificate
	9.	  	Operating Income and Expense Account Affidavit
	10.	  	Repayment Account Pledge Agreement
	11.	  	Promissory Note
	12.	  	Power of Attorney for Promissory Note
	13.	  	Guarantor’s Consent Letter
	14.	  	Declaration (including 14-1 and 14-2)
	15.	  	Shareholder Advance Claim Subordination Affidavit
	16.	  	Negative Pledge
	17.	  	 Credit Limit Assignment Agreement

 Confidential – Execution Version 

 
 Syndicated Credit Facility Agreement 

This Syndicated Credit Facility Agreement (hereinafter this “Agreement”) is signed by the following parties on March 28, 2019: 

 

	(I)	 Gogoro Energy Network (Cayman), Taiwan Branch, incorporated in accordance with the laws of the Republic of
China (Taiwan), with its principal business address at No. 33, Dinghu Road, Dahua Village, Guishan District, Taoyuan City (hereinafter the “Borrower”; in relation to commercial paper issued in accordance with this Agreement, the
“Issuer”); Gogoro Energy Network (the Borrower’s Parent); 

  

	(II)	 Gogoro Inc., a company organized and incorporated in accordance with the laws of the Cayman Islands, with its
registered address at 27 Hospital Road, George Town, Grand Cayman, KY1-9008, Cayman Islands (hereinafter the “Corporate Guarantor”); 

Mr. Hok-Sum Horace Luke (passport no.: 642430562), with his residential address at 11F, Building C,
No. 225, Section 2, Chang’an East Road, Songshan District, Taipei City (hereinafter the “Personal Guarantor”; together with the Corporate Guarantor, hereinafter individually or collectively, the “Guarantor”); 

 

	(III)	 Mega International Commercial Bank Co., Ltd., Mega Bills Finance Co., Ltd., Taiwan Cooperative Bank Ltd.,
Taiwan Business Bank, Ltd. First Commercial Bank Co., Ltd. and Chang Hwa Commercial Bank, Ltd., leading financial institutions that arrange the organization of the Banking Syndicate under this Agreement (hereinafter individually or collectively, the
“Arrangers”); 

  

	(IV)	 Mega International Commercial Bank Co., Ltd., acting as the agent for the management of credit facility
procedures and various security interests under this Agreement (referred to in such capacity as the “Agent”); and 

  

	(V)	 Mega International Commercial Bank Co., Ltd., Mega Bills, Finance Co., Ltd., Taiwan Cooperative Bank Ltd.,
Taiwan Business Bank, Ltd., First Commercial Bank Co., Ltd., Chang Hwa Commercial Bank, Ltd., China Bills Finance Corporation, Grand Bills Finance Corporation, International Bills Finance Corporation, Taishin International Bank Co., Ltd., E.SUN
Commercial Bank, Ltd., Taipei Fubon Commercial Bank Co., Ltd., Bank SinoPac, EnTie Commercial Bank, Taiwan Shin Kong Commercial Bank Co., Ltd., Far Eastern International Bank, Co., Ltd., Ta Ching Bills Finance Corporation and Taiwan Cooperative
Bills Finance Corporation (hereinafter individually a “Syndicated Bank”, or collectively the “Banking Syndicate”). 

Whereas, the Borrower asked Gogoro Inc. and Mr. Hok-Sum Horace Luke to act as Guarantors and engaged the
Arrangers to arrange the organization of the Banking Syndicate to provide a medium-term loan and commercial paper guarantee of up to NT$7,200,000,000 (hereinafter this “Credit Facility”) in order to repay the outstanding amount of the 2016
Syndicated Loan, to purchase batteries for electric vehicles and to enrich working capital; 
 Whereas, the Arrangers agree to organize the Banking
Syndicate to provide the above syndicated credit facility and the Syndicated Banks agree to participate in this Credit Facility based on their individual committed limits; 

  
 - 1 - 

 Confidential – Execution Version 

 
 Therefore, the parties have agreed to below terms and conditions: 

Article 1 Definitions and Interpretations 
  

	1.	 Definitions 

Unless otherwise provided in this Agreement, the following terms are defined as follows: 

 

	 	(1)	 “Credit Facility” means the credit facility granted by the Banking Syndicate in accordance with this
Agreement. 

  

	 	(2)	 “Tranche A Facility” is the medium-term loan in New Taiwan Dollar provided to the Borrower by Tranche
A Banks with their own funds. 

  

	 	(3)	 “Tranche B Facility” is the medium-term load in New Taiwan Dollar provided to the Borrower by Tranche
B Banks with their own funds. 

  

	 	(4)	 “Tranche C Facility” is the facility provided by Tranche C Banks to guarantee commercial paper issued
by the Issuer. 

  

	 	(5)	 “Tranche Facility” means the Tranche A Facility, Tranche B Facility and (or) Tranche C Facility,
either individually or collectively. 

  

	 	(6)	 “Tranche A Banks” mean the Syndicated Banks that provide the Tranche A Facility to the Borrower.

  

	 	(7)	 “Tranche B Banks” mean the Syndicated Banks that provide the Tranche B Facility to the Borrower.

  

	 	(8)	 “Tranche C Banks” mean the Syndicated Banks that provide the Tranche C Facility to the Issuer (where
“Syndicated Banks” in this subparagraph are limited to bills financing companies incorporated and registered in accordance with the Act Governing Bills Finance Business), also referred to as the “Guarantee Banks”.

  

	 	(9)	 “Total Credit Limit” means the total maximum limit amount of the credit facility granted by the
Banking Syndicate in accordance with this Agreement, i.e., NT$7,200,000,000, or the total credit limit after cancellation or revocation in accordance with this Agreement. 

 

	 	(10)	 “Committed Limit” means the credit limit that each Syndicated Bank agrees to provide under this
Credit Facility in the amount listed in Attachment 1 or the limit after cancellation or revocation in accordance with this Agreement. 

  

	 	(11)	 “Commitment Ratio” means, (i) in relation to a Tranche Facility, the Committed Limit by each
Syndicated Bank for the relevant tranche as a percentage of the credit limit of such Tranche Facility; (ii) in relation to the Total Credit Limit, the total Committed Limits under all Tranche Facilities by each Syndicated Bank as a percentage
of the Total Credit Limit, as listed in Attachment 1. 

  

	 	(12)	 “Available Limit” means, (i) in relation to a Tranche Facility, the limit amount under such
Tranche Facility or the limit amount remaining after cancellation or revocation in accordance with this Agreement; (ii) in relation to this Credit Facility, the Total Credit Limit or the total limit amount under this Credit Facility remaining
after cancellation or revocation in accordance with this Agreement. 

  

	 	(13)	 “Business Day” means a day on which all banks located on the main island of Taiwan are open for full-day business. 

  

  
 - 2 - 

 Confidential – Execution Version 

 

	 	(14)	 “Drawdown Day” means the date on which the principal of this Credit Facility is advanced to the
Borrower in accordance with this Agreement or the date on which the Issuer’s commercial paper is issued (i.e., the “Issue Date”), including the Initial Drawdown Date. 

 

	 	(15)	 “Initial Drawdown Date” means the date of the earliest drawdown of the credit limit under the Tranche
A Facility or Tranche C Facility, or the deemed date of initial drawdown in accordance with Article 2, paragraph 3 of this Agreement. 

  

	 	(16)	 “Interest Date” means the date on which the Borrower shall pay interest under this Credit Facility in
accordance with Article 3, paragraph 1 of this Agreement. 

  

	 	(17)	 “Interest Adjustment Date” means the date on which the loan interest rate shall be adjusted in
accordance with the variation of the reference rate in accordance with Article 3, paragraph 1 of this Agreement. 

  

	 	(18)	 “Principal Repayment Date” means the date on which the Borrower shall repay any portion of principal
of this Credit Facility in accordance with Article 3, paragraph 2 of this Agreement. 

  

	 	(19)	 “Drawdown Application” means the Borrower’s application to seek drawdown of the Tranche A
Facility or Tranche B Facility in accordance with Article 2, paragraph 5 of this Agreement, in the form of Attachment 2. 

  

	 	(20)	 “2016 Syndicated Loan” means the syndicated loan of NT$3,120,000,000 signed by the Borrower and the
banking syndicate arranged by Mega International Commercial Bank Co., Ltd. on August 10, 2016. 

  

	 	(21)	 “Estimated 2016 Syndicated Loan Repayment Schedule” means the schedule of outstanding credit balance
under the 2016 Syndicated Loan to be repaid by the Borrower through drawdown of this Credit Facility, in the form of Attachment 3. 

  

	 	(22)	 “Commercial Paper Issuance Application” means the application by the Issuer to seek drawdown of the
Tranche C Facility in accordance with Article 2, paragraph 5 of this Agreement, in the form of Attachment 4. 

  

	 	(23)	 “Underwriter” means the financial institution that underwrites the commercial paper issued by the
Issuer in accordance with this Agreement (i.e., Tranche C Banks). 

  

	 	(24)	 “Purchase Commitment” means the Underwriter’s commitment to purchase commercial paper issued by
the Issuer in accordance with this Agreement. 

  

	 	(25)	 “Committed Purchase Factoring Rate” means the factoring rate negotiated by the Underwriter with the
Issuer when it performs its Purchase Commitment, i.e., the sum of the total issue cost agreed under Article 3, paragraph 1, subparagraph (2) of this Agreement (including interest/fee rates such as factoring interest, guarantee fee, underwriting
fee) and the bills depository and settlement service fee rate. 

  

	 	(26)	 “Operating Income and Expense Account” means the special-purpose account opened with the Agent by the
Borrower and Gogoro Taiwan Sales and Services Limited, respectively, in accordance with Article 6, paragraph 1 of this Agreement. 

  

	 	(27)	 “Gogoro Taiwan Sales and Services Limited” means the stock limited company organized and incorporated
in accordance with the laws of the Republic of China (Taiwan) with its principal business address at No. 33, Dinghu Road, Guishan District, Taoyuan City. 

 

  
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	 	(28)	 “Repayment Account” means the special-purpose account opened with the Agent by the Borrower in
accordance with Article 6, paragraph 1 of this Agreement. 

  

	 	(29)	 “Repayment Account Pledge Agreement” means the pledge agreement signed by the Borrower in accordance
with Article 6, paragraph 1 of this Agreement to provide a maximum-limited pledge on the Repayment Account to the Agent, in the form of Attachment 10. 

  

	 	(30)	 “Borrower’s Parent” means the Borrower’s parent Gogoro Energy Network, a company organized
and incorporated in accordance with the laws of the Cayman Islands and with its registered address at 27 Hospital Road, George Town, Grand Cayman, KY1-9008, Cayman Islands. 

 

	 	(31)	 “Negative Pledge” means the pledge issued by the Borrower’s Parent in accordance with Article 9,
paragraph 13 of this Agreement that is approved by resolution of its board of directors, in the form of Attachment 16. 

  

	 	(32)	 “GoStation” means the GoStation owned by the Borrower in the Gogoro battery exchange energy network
operated by the Borrower and its group. 

  

	 	(33)	 “Lease Contract” means the lease contract signed by the Borrower with a lessor of the site or
foundation where a GoStation and its ancillary facilities and power switch equipment and ancillary equipment are installed, including any subsequent amendment, addition, deletion, supplement, extension and (or) reinstatement, etc.

  

	 	(34)	 “Majority Syndicated Banks” means, (i) in relation to this Credit Facility, (a) the
Syndicated Banks with an accumulated balance amount of principal drawn down and outstanding under this Credit Facility (including the balance amount drawn down with outstanding guarantee liability or guarantee amount advanced and outstanding) in
excess of half of the total balance amount of principal drawn down and outstanding under this Credit Facility (including the balance amount drawn down with outstanding guarantee liability or guarantee amount advanced and outstanding); (b) in the
event that there has been no drawdown or there is no balance amount drawn down and outstanding, the Syndicated Banks representing accumulated Committed Limits in excess of half of Total Credit Limit; (ii) in relation to each Tranche Facility,
(a) the Syndicated Banks representing accumulated balance amount of principal outstanding under such Tranche Facility (including the balance amount drawn down with outstanding guarantee liability or guarantee amount advanced and outstanding) in
excess of half of the total balance amount of principal outstanding under such Tranche Facility; (b) in the event that there has been no drawdown or there is no balance amount drawn down and outstanding, the Syndicated Banks representing
accumulated Committed Limits under such Tranche Facility in excess of half of the Committed Limits under such Tranche Facility. 

  

	 	(35)	 “Resolution of Majority Syndicated Banks” means, other than matters subject to the unanimous approval
of the Banking Syndicate as expressly required in this Agreement, the resolution approved by the Majority Syndicated Banks after a meeting of the Syndicated Banks convened following written notice or written enquiry issued by the Agent to the
Banking Syndicate. 

  

	 	(36)	 “Credit Risk Sharing Ratio” means, (i) in relation to each Tranche Facility, (a) the ratio
of each Syndicated Bank’s balance amount of principal drawn down and outstanding (including the balance amount drawn down with outstanding guarantee liability or guarantee amount advanced and outstanding) under such Tranche Facility to the
total balance amount of principal drawn down and outstanding (including the balance amount drawn down with outstanding guarantee liability or guarantee amount advanced and outstanding) under such 

  
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	 	Tranche Facility; (b) in the event that there has been no drawdown or there is no balance amount drawn down and outstanding, each Syndicated Bank’s Commitment Ratio; (ii) in relation to this Credit
Facility, (a) the ratio of each Syndicated Bank’s balance amount of principal drawn down and outstanding (including the balance amount drawn down with outstanding guarantee liability or guarantee amount advanced and outstanding) under this
Credit Facility to the total balance amount of principal drawn down and outstanding (including balance amount drawn down with outstanding guarantee liability or guarantee amount advanced and outstanding) under this Credit Facility; (b) in the
event that there has been no drawdown or there is no balance amount drawn down and outstanding, each Syndicated Bank’s Commitment Ratio. 

  

	 	(37)	 “Credit Period” means the period during which the Banking Syndicate provides this Credit Facility to
the Borrower in accordance with Article 2, paragraph 3 of this Agreement. 

  

	 	(38)	 “Period of Existence” means the period from the date on which the signature of this Agreement is
completed until the date on which the Borrower and (or) the Guarantor has fully repaid all indebtedness owed under this Agreement (including but not limited to principal, interest, advanced guarantee amount, guarantee fee, commitment fee, arranger
fee, participation fee, processing fee, delay interest, breach penalty, advance administrative charge, other fees of all kinds, relevant compensation and interest accrued thereon, as well as all other relevant indebtedness), and the Borrower, the
Guarantor and the Banking Syndicate have all fully performed all their obligations under this Agreement. 

  

	 	(39)	 “Security Document” means the Repayment Account Pledge Agreement, promissory note, power of attorney
for the promissory note and documents signed by the Borrower and (or) the Guarantor at any time during the Period of Existence of this Agreement to secure their obligations and indebtedness under this Agreement. 

 

	 	(40)	 “GAAP” means the generally accepted accounting principles, gazettes and the interpretations thereof
that the Borrower should apply in the handling of its financial accounting in accordance with the provisions of applicable laws or orders, including but not limited to the IFRSs. 

 

	 	(41)	 “IFRSs” mean the International Financial Reporting Standards, international accounting principles,
interpretations and public announcements of interpretations in accordance with applicable laws and recognized by the Financial Supervisory Commission. 

  

	 	(42)	 “Event of Breach” means any event listed under Article 10, paragraph 1 of this Agreement.

  

	 	(43)	 “Potential Event of Breach” means an event that constitutes an Event of Breach with the lapse of time
or the satisfaction of other conditions. 

  

	2.	 Interpretations 

  

	 	(1)	 The parties to this Agreement include their respective successors. 

 

	 	(2)	 The terms used in this Agreement include their singular and plural meanings. 

 

	 	(3)	 Any professional or institution such as an accountant, attorney, insurer or appraiser referred to in this
Agreement that should provide an opinion, report, statement, insurance or appraisal services means a reputable professional or institution such as a certified accountant, attorney, insurer or appraiser. 

 

	 	(4)	 The title of each clause of this Agreement is for convenience only and does not interpret or restrict the
provision of the clause. 

  
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 Article 2 Credit Facility 

 

	1.	 Granting and Purpose of Facility 

This Credit Facility is granted by the Banking Syndicate providing a medium-term loan and commercial paper guarantee up to a total limit of
NT$7,200,000,000 for the following purposes: 
  

	 	(1)	 Tranche A Facility: To repay the balance amount outstanding under the 2016 Syndicated Loan.

  

	 	(2)	 Tranche B Facility: For the Borrower’s purchase of batteries for electric vehicles. 

 

	 	(3)	 Tranche C Facility: To enrich working capital. 

 

	2.	 Credit Limit 

The Total Credit Limit of this Agreement is NT$7,200,000,000. The limit of each Tranche Facility is as follows: 

 

	 	(1)	 Tranche A Facility: 

Medium-term loan of NT$1,200,000,000 available for one drawdown on non-revolving basis. 

 

	 	(2)	 Tranche B Facility: 

Medium-term loan of NT$4,000,000,000 available for multiple drawdowns on non-revolving basis. 

 

	 	(3)	 Tranche C Facility: 

Issuance of commercial paper guarantee for NT$2,000,000,000 available for multiple drawdowns on revolving basis. 

 

	3.	 Credit Period 

  

	 	(1)	 Tranche A Facility: The Credit Period of the Tranche A Facility is 5 years starting from the Initial Drawdown
Date. 

  

	 	(2)	 Tranche B Facility: The Credit Period of the Tranche B Facility is 5 years starting from the Initial Drawdown
Date. 

  

	 	(3)	 Tranche C Facility: 

  

	 	i.	 The Credit Period of the Tranche C Facility is 5 years starting from the Initial Drawdown Date.

  

	 	ii.	 Subject to compliance with the Act Governing Bills Finance Business and other applicable laws and on condition
that no Event of Breach has occurred, Tranche C Banks may enter into commercial paper guarantee related contracts such as “Commercial Paper Guarantee and Purchase Agreements” or “Mandate Agreement for Guaranteed Issuance of Commercial
Paper” every year with the Issuer in accordance with their individual Committed Limits. Such contracts may be renewed for one year upon each expiry every year, provided that they shall not exceed the Credit Period of the Tranche C Facility.
During the Period of Existence of this Credit Facility, the Tranche C Banks may exercise their right to terminate the guarantee limit under the Tranche C Facility, i.e., to not renew the contracts, and to terminate their guarantee limit staring from
the annual expiry date, by giving written notice to the 

  
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	 	Agent and the Issuer at least 60 days before the expiry of a one-year period from the Initial Drawdown Date of the Tranche C Facility and the expiry of each subsequent one-year period. Individual exercise of the right to terminate the limit by any Tranche C Bank shall have no impact on the guarantees provided by the other Tranche C Banks, nor shall it impact the establishment and
existence of joint claims agreed under this Agreement. Provided that there is no Event of Breach or Potential Event of Breach with the Issuer, any Tranche C Bank that has not exercised the right to terminate its limit before the deadline shall be
deemed to have agreed to renew the contracts in accordance with the above. 

  

	 	(4)	 Subject to compliance with all conditions under this Agreement, the Borrower shall make the initial drawdown
within 6 months from the date of signature of this Agreement, otherwise the expiry date of the 6-month period starting from the date of signature of this Agreement shall be deemed the Initial Drawdown Date.

  

	4.	 Drawdown Deadline 

Subject to compliance with the conditions of this Agreement, the Borrower may draw down this Credit Facility before the following deadlines:

  

	 	(1)	 Tranche A Facility: One full drawdown within 6 months from the date of signature of this Agreement. Any limit
amount not drawn down upon expiry of such period shall be automatically cancelled and shall not be available for further drawdown. 

  

	 	(2)	 Tranche B Facility: Drawdown (or multiple drawdowns) shall be completed within 2 years from the Initial
Drawdown Date. Any limit amount not drawn down upon expiry of such period shall be automatically cancelled and shall not be available for further drawdown. 

  

	 	(3)	 Tranche C Facility: Drawdowns may be made on revolving basis during the Credit Period of Tranche C Facility.

  

	5.	 Drawdown Manner 

Subject to completion of the conditions precedent to drawdowns provided in this Agreement, the Borrower shall draw down this Credit Facility in
the following manner: 
  

	 	(1)	 The Borrower shall submit a Drawdown Application and (or) a Commercial Paper Issuance Application with the
Agent at least 7 Business Days before the Drawdown Date or other shorter period agreed by the Agent in the case of initial drawdown, or at least 5 Business Days before the Drawdown Date or other shorter period agreed upon by the Agent in the case of
subsequent drawdown. In the case of the Tranche C Facility, the Commercial Paper Issuance Application submitted in accordance with the above deadline shall be submitted before 11 a.m. on the relevant date at the latest. 

 

	 	(2)	 The Borrower’s initial drawdown must a drawdown of the Tranche A Facility, or together with a drawdown of
the Tranche C Facility, to repay the full remaining balance under the 2016 Syndicated Loan (including the medium-term loan and commercial paper payments (if any))and cancel the limit. The Borrower shall also submit the Estimated 2016 Syndicated Loan
Repayment Schedule (in the form of Attachment 3). All repayment procedures shall be managed by the Agent. 

  
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	 	(3)	 For the drawdown of the Tranche B Facility: 

 

	 	i.	 To draw down the Tranche B Facility to purchase batteries for electric vehicles, the Borrower shall submit
battery purchase agreements, transaction documents or proof of payment (including but not limited to invoices) acceptable to the Agent and the drawdown may be for made up to 80% of the transaction documents or proof of payment.

  

	 	ii.	 Each drawdown under the Tranche B Facility shall be a minimum of NT$50,000,000 and shall be an integer multiple
of NT$10,000,000 or the balance amount of the limit not yet drawn down at the time under such tranche, unless the Agent agrees otherwise. 

  

	 	(4)	 For the drawdown of the Tranche C Facility, the Issuer shall follow Article 5 of this Agreement. When the
commercial paper becomes due, drawdowns may be made on revolving basis in accordance with the relevant provisions of this Agreement. On the due date, the funds received from the newly-issued commercial paper will be used to repay prior commercial
paper that is due. 

 No Drawdown Application and (or) Commercial Paper Issuance Application shall be revoked (recovered)
after it is issued by the Borrower and delivered to the Agent in accordance with Article 13, paragraph 4 of this Agreement. However, if the Drawdown Date specified by the Borrower on the Drawdown Application and (or) Commercial Paper Issuance
Application becomes a non-Business Day due to a natural disaster or other events of force majeure, the Drawdown Date shall be the following Business Day. If the Borrower subsequently changes the Drawdown Date
or if the drawdown request is invalid due to failure to meet the drawdown conditions, the Borrower shall compensate the costs and losses suffered by the relevant Syndicated Banks and (or) the Agent, provided that the Syndicated Banks and (or) the
Agent shall provide relevant proof or supporting documents of such costs and losses. 
  

	6.	 Drawdown Notice 

After the Borrower has applied for drawdown in accordance with the previous paragraph, the Agent shall provide photocopies of the
Borrower’s Drawdown Application and (or) Commercial Paper Issuance Application and give notice to relevant Syndicated Banks about the loan amounts to be advanced or guarantee to be provided calculated in accordance with their individual
Commitment Ratios 2 Business Days before the Drawdown Date. 
  

	 	(1)	 For drawdowns of the Tranche A Facility and (or) the Tranche B Facility, the Syndicated Banks shall transfer
the loan amounts to be advanced in accordance with their Commitment Ratios into the account designated by the Agent before 11 a.m. on the Drawdown Date. If the Borrower draws down the Tranche A Facility to repay the balance amount of the
Borrower’s 2016 Syndicated Loan, the Borrower hereby authorizes the Agent to further transfer (deposit) the loans advanced by the Syndicated Banks to the account designated by the relevant financial institution listed in the Estimated 2016
Syndicated Loan Repayment Schedule. Upon transfer (deposit) of the funds to such account by the Agent, it shall be deemed that the Borrower has received the loans advanced by the Syndicated Banks. If the Borrower draws down the Tranche B Facility,
the Agent shall transfer the loan amounts to the Borrower’s account with the Agent on the Drawdown Date. 

  

	 	(2)	 After the Agent has given notice to the Syndicated Banks about the loan amounts to be advanced in accordance
with the previous subparagraph, the Agent may trust that the Syndicated Banks will advance the loans as agreed. Unless the Agent has received a notice from the Syndicated Banks one Business Day before the Drawdown Date stating that the loans cannot
be advanced in accordance with the Commitment Ratios, the Agent may (but is not obliged to) advance the loan amounts to the Borrower on time based on such trust. However, before the Agent actually receives the agreed loan amounts advanced by the
Syndicated Banks, it is not obliged to release or advance any amount to the Borrower on behalf of the Syndicated Banks. If the Agent has advanced the loan amounts to the Borrower on behalf of the Syndicated Banks, such Syndicated Banks shall share
the credit risk in accordance with the Credit Risk Sharing Ratio. 

  
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 If the Agent has advanced to the Borrower the loan amounts that should
be advanced by the Syndicated Banks in accordance with this Agreement, if any Syndicated Bank fails to advance the loan amount to the Agent on time, following the Agent’s request, the Borrower shall return to the Agent the funds that had not
been advanced by the relevant Syndicated Bank but advanced by the Agent within 5 Business Days from the advance, together with interest accrued from the date of advance at the loan interest rate provided under Article 3, paragraph 1 of this
Agreement. The Syndicated Bank shall be liable for compensating any damage caused to the Borrower and (or) the Agent due to its failure to advance the loan amounts in accordance with this Agreement (including but not limited to the losses and
relevant expenses incurred from the acquisition of the relevant facility at a cost that is higher than the interest (fee) rates under this Agreement), provided that the Borrower and (or) the Agent shall provide relevant supporting documents. Also,
the Borrower shall not be obliged to pay the commitment fee in accordance with Article 11, paragraph 1, subparagraph (1) of this Agreement for the credit limit not drawn down due to the Syndicated Bank’s failure to advance the loan. 

 

	 	(3)	 When the Issuer draws down the Tranche C Facility, the Agent shall provide photocopies of the Commercial Paper
Issuance Application and give notice to the Tranche C Banks (i.e., the Guarantee Banks) to provide commercial paper guarantee in accordance with their individual Commitment Ratios 2 Business Days before the Drawdown Date. The Tranche C Banks shall
provide closing slips to the Borrower and the Agent in accordance with their Commitment Ratios before 12 a.m. on the Business Day before the Drawdown Date to confirm that the guarantee limit will be provided. Unless the Agent has received a notice
from the Tranche C Banks one Business Day before the Drawdown Date stating that the guarantee cannot be provided in accordance with the Commitment Ratios, the Agent may trust that the Tranche C Banks will provide the guarantee as agreed and neither
the Agent nor any Tranche C Bank is obliged to provide guarantee on behalf of any other Tranche C Bank. Unless otherwise provided in this Agreement, matters related to the issuance of commercial paper shall be negotiated between the Issuer and each
Tranche C Bank. 

 If the Borrower draws down the Tranche C Facility to repay the balance amount of the Borrower’s
2016 Syndicated Loan, the Tranche C Banks shall follow the instructions under the Guarantee and Underwriting Notice issued by the Agent (in the form of Attachment 5) and transfer the funds received to the designated account of the Issuer with the
settlement institution to repay the 2016 Syndicated Loan. Upon transfer (deposit) of the funds to such account by the Tranche C Banks, it shall be deemed that the Borrower has received the loans advanced by the Syndicated Banks. 

 

	 	(4)	 If the loan amounts are not advanced in accordance with this Agreement due to any event that is imputable to
the Syndicated Banks or the Tranche C Banks, the Syndicated Banks or the Tranche C Banks shall arrange alternative credit facility with equivalent conditions as this Agreement for the Borrower/Issuer and shall compensate all damages suffered by the
Borrower/Issuer and (or) the Agent (including but not limited to the losses and relevant expenses incurred from the acquisition of the relevant facility at a cost that is higher than the interest (fee) rates under this Agreement), provided that the
Borrower/Issuer and (or) the Agent shall provide relevant documents or proof of the losses and expenses claimed. If the event is not imputable to the Syndicated Banks or the Tranche C Banks, such Syndicated Banks or Tranche C Banks shall negotiate
with the Borrower/Issuer in good faith to compensate all damages incurred by the Borrower/Issuer or the Agent (including but not limited to the losses and relevant expenses incurred from the acquisition of the relevant facility at a cost that is
higher than the interest (fee) rates under this Agreement) and shall make reasonable efforts to try to arrange or assist the Borrower/Issuer to acquire other credit facility in an alternative manner that is feasible in the market at the time,
provided that neither the Syndicated Banks nor the Tranche C Banks be liable as to whether or not such alternative credit facility can indeed be acquired. 

  
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 Article 3 Repayment and Other Loan Conditions 

 

	1.	 Interest (Fee) Rate Computation and Payment 

The Borrower shall pay interest and guarantee fee in accordance with the following: 

 

	 	(1)	 Tranche A Facility and Tranche B Facility 

 

	 	i.	 The loan interest rate for the Tranche A Facility and the Tranche B Facility shall be variable based on the
reference rate plus a margin of 1.60% per annum, provided that the annual interest rate after the margin before tax shall not be lower than 2%. The Borrower shall bear the business tax and stamp duty for the interest. 

“Reference rate” referred to above means the 3-month fixing rate quoted on the page of the
Taipei Interbank Offered Rate (TAIBOR) published on the website of the Bankers Association of the Republic of China at about 11:30 a.m. Taipei Time 2 Business Days before each Drawdown Date and (or) Interest Adjustment Date. If such applicable
reference rate is not available on a certain day, the interest rate for the same period one Business Day before the date of reference rate shall be used as the reference rate. If such rate is still unavailable, the interest rate quoted for the
second longest period displayed on such information system shall be adopted based on market practice. 
  

	 	ii.	 Upon expiry of the 3-month period after the Initial Drawdown Date, if
none of the Borrower, the Borrower’s Parent or the Guarantor has any Event of Breach, the above annual interest rate margin shall be adjusted according to the earnings before tax margin based on the Corporate Guarantor’s latest
accountant-audited annual consolidated financial report or reviewed second-quarter consolidated financial report, applicable to each Drawdown Date or Interest Adjustment Date after the submission of the above financial reports:

  

			
	 Applicable Benchmark:

Earnings before Tax Margin (X)
	  	Tranche A Facility/Tranche B Facility
Annual Interest Rate Margin
	 X£0%
	  	1.60%
	 0%<X£5%
	  	1.50%
	 X>5%
	  	1.40%

 Earnings before Tax Margin (X) = (Net Profit before Tax / Net Operating Revenue) x 100% 

 

	 	iii.	 The Interest Adjustment Date is the corresponding date of the Initial Drawdown Date of the Tranche A Facility
and the Tranche B Facility every 3 months (or the final date of the month if there is no corresponding date). Interest is adjusted once every 3 months. The Interest Date is the 25th day of each month. Interest is payable once a month (the interest
accrual period is from the 21st day of the previous month until the 20th day of the current month). 

  

	 	iv.	 The loan interest rates for the Tranche A Facility and the Tranche B Facility are annual rates calculated until
the 4th digit after the decimal point, with the 5th digit rounded up if it is 5 or higher and rounded down if it is 4 or lower. Interest is calculated based on 365 days a year and accrues on the actual number of days lapsed. 

 

	 	(2)	 Tranche C Facility 

For commercial paper guaranteed by the Tranche C Banks, the Issuer shall pay fees and taxes as follows: 

 

	 	i.	 Guarantee Fee and Underwriting Fee: 

  
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 The total cost of commercial paper issuance (including the factoring
rate, guarantee fee rate and underwriting fee rate, but excluding the bills depository and settlement service fee) is calculated based on 365 days a year and accrues at the reference rate under subparagraph (1) of this paragraph plus a margin
of 1.40%. The Tranche C Banks shall adjust each interest (fee) rate on the condition that the total cost shall remain the same. Such fees shall be deducted directly from the purchase price payable to the Issuer under the commercial papers purchased
in accordance with this Agreement by each Tranche C Bank also acting as the underwriter. 
  

	 	ii.	 Bills Depository and Settlement Service Fee 

The bills depository and settlement service fee is calculated based on the face value and the actual number of days issued based on the fee
rates published by the Taiwan Depository and Clearing Corporation, which are borne by the Issuer and deducted directly from the purchase price payable to the Issuer under the commercial papers purchased in accordance with this Agreement by each
Tranche C Bank also acting as the underwriter. 
  

	 	iii.	 Tax: 

  

	 	(i)	 Other than applicable bills split tax, which shall be borne by the bill holder, the Tranche C Banks shall bear
the business tax, stamp duty and relevant taxes generated from relevant bills guarantee fees and underwriting fees for the commercial paper issued by the Issuer. 

 

	 	(ii)	 Taxes on the purchase of commercial paper shall be borne by the Tranche C Banks that perform their Purchase
Commitment. 

  

	 	(iii)	 Profit-seeking enterprise income tax incurred by the Tranche C Banks shall be borne by the Tranche C Banks
themselves. 

  

	 	(iv)	 Unless otherwise provided in this Agreement, other relevant fees, costs and taxes for the issuance of
commercial paper shall be borne by the Issuer. 

  

	 	iv.	 Upon expiry of the 3-month period after the Initial Drawdown Date, if
none of the Issuer, the Issuer’s Parent or the Guarantor has any Event of Breach, the above annual interest rate margin shall be adjusted according to the earnings before tax margin based on the Corporate Guarantor’s latest
accountant-audited annual consolidated financial report or reviewed second-quarter consolidated financial report, applicable to each Drawdown Date or Interest Adjustment Date after the submission of the above financial reports:

  

			
	 Applicable Benchmark:

Earnings before Tax Margin (X)
	  	Tranche C Facility
Annual Interest Rate Margin
	 X£0%
	  	1.40%
	 0%<X£5%
	  	1.30%
	 X>5%
	  	1.20%

 Earnings before Tax Margin (X) = (Net Profit before Tax / Net Operating Revenue) x 100% 

 

	 	(3)	 If the Borrower, the Issuer, the Borrower’s Parent or the Guarantor has any Event of Breach, the loan
interest rates for the Tranche A Facility and the Tranche B Facility and the annual interest rate margin for the total issue cost under the Tranche C Facility shall be calculated based on the highest annual interest rate margin until the Event of
Breach is waived or released in accordance with this Agreement. 

  
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	2.	 Repayment 

This Credit Facility shall be repaid in the following manner: 
  

	 	(1)	 For the Tranche A Facility, the balance amount of principal drawn down upon expiry of the drawdown deadline of
the Tranche A Facility shall be amortized and repaid by the Borrower over 9 installments, each installment being 6 months and the principal repayment date of the first installment being the expiry date of the
1-year period starting from the Initial Drawdown Date. 10% shall be repaid per installment from the 1st to the 5th installments. 12.5% and all outstanding balance shall be repaid per installment from the 6th
to the 9th installment. 

  

	 	(2)	 For the Tranche B Facility, the balance amount of principal drawn down upon expiry of the drawdown deadline of
the Tranche B Facility shall be amortized and repaid by the Borrower over 6 installments, each installment being 6 months and the principal repayment date of the 1st installment being the expiry date of the 2-year-and-6-month period starting from the Initial Drawdown Date. 12% shall be repaid per installment from the 1st to the 5th
installments. 40% and all outstanding balance shall be repaid in the 6th installment. 

  

	 	(3)	 For the Tranche C Facility: 

 

	 	i.	 When the commercial paper issued with the guarantee provided by the Tranche C Banks becomes due, the Issuer
shall repay the commercial paper of each issuance based on the face value and follow Article 5, paragraph 4 of this Agreement. The Issuer may also make revolving drawdown of the Tranche C Facility in accordance with relevant provisions and use the
funds from newly issued commercial paper to repay prior commercial paper that is due. However, if the Tranche C Banks exercise the right to terminate the limit in accordance with Article 2, paragraph 3 of this Agreement, upon written notice from the
Agent, the limit granted by the Tranche C Banks shall no longer be available for drawdown from the completion of such year. The Issuer shall transfer the funds drawn down from the Tranche C Facility to the designated special-purpose account on the
expiry date of each such year to repay the commercial paper. 

  

	 	ii.	 If the Issuer fails to perform any obligation or has any Event of Breach in relation to any commercial paper it
issued, resulting in the performance of guarantee liability by the Tranche C Banks, upon notice to the Issuer by the Agent, the Issuer shall pay the amount advanced by the Tranche C Banks immediately following the written request by the Agent. If
the Issuer fails to make payment, repayment advanced by the Tranche C Banks in accordance with the guarantee for the commercial paper shall be deemed the performance of guarantee liability by the Tranche C Banks. The Agent does not need to determine
or enquire about the details of the claims underlying the commercial paper or whether there is any other event of defense between the Issuer and the underwriter, and the Issuer shall not voice any objection. The guarantee amount advanced by the
Tranche C Banks shall be repaid by the Issuer immediately in accordance with the Agent’s request and shall accrue delay interest and breach penalty in accordance with Article 3, paragraph 3 of this Agreement starting from the date on which the
Agent advances the amount of the commercial paper based on the relevant guarantee. 

  

	 	iii.	 The guarantee limits provided by the Tranche C Banks under this Agreement are severable individual obligations
and there is no joint and several liability between the Tranche C Banks in relation to their obligations under this Agreement. Whenever the Issuer mandates the Tranche C Banks to provide guarantees in accordance with this Agreement and after the
Tranche C Banks have advanced the payments in performance of their guarantee liabilities, even if the date of advance by the Tranche C Banks is after the Credit Period provided in this Agreement, the Issuer shall still be fully liable for repayment
of the amounts advanced by the Tranche C Banks in accordance with the terms and conditions of this Agreement. 

  
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	 	iv.	 The guarantee liability of the Tranche C Banks for the provision of guarantees for commercial paper in
accordance with this Agreement is released on the date on which the commercial paper becomes due and the Issuer performs as agreed or when the guarantee liability is released in accordance with relevant provisions. 

In all circumstances, the Borrower shall fully repay all balance amount outstanding from each drawdown during the Credit Period, interest
payable and other amounts and fees payable. 
  

	3.	 Delay Interest and Breach Penalty 

If the Borrower delays in the repayment of principal or the payment of interest, guarantee fee or any other amount or fee payable in accordance
with this Agreement, or if the Borrower fails to perform any payment obligation guaranteed by the Tranche C Banks and the Tranche C Banks perform their guarantee liability and advance the payment, to the extent permitted by law, delay interest shall
accrue at the delay interest rate, which shall be the loan interest rate of this Credit Facility plus a margin of 2% per annum, or the Agent’s New Taiwan Dollar base rate plus a margin of 2% per annum in the case of fees and other amounts (each
such rate after the margin hereinafter referred to as the “Delay Interest Rate”), from the due date and (or) advance date (inclusive) until the date of actual repayment. If the delay is within 6 months (inclusive), breach penalty shall
also accrue at 10% of the Delay Interest Rate on the amount of delay. If the delay exceeds 6 months, breach penalty shall accrue at 20% of the Delay Interest Rate on the amount of delay. If the reference rate applied to the interest of this Credit
Facility changes, delay interest and breach penalty shall accrue in a variable manner in accordance with the provisions of this Agreement. Delay interest and breach penalty accrue on a daily basis and are calculated based on the actual number of
days lapsed in proportion to the 365 days of a year. If the Borrower’s payment is delayed for over a year (or a shorter period permitted by the law) and if repayment is not made following demand, the Agent may roll over delay interest under any
outstanding principal, advanced guarantee amount or fee payable of the same currency for the common interest of the Banking Syndicate and accrue interest thereon. Delay interest and breach penalty shall be paid immediately upon the Agent’s
request. 
  

	4.	 Cancellation of Credit Limit 

The Borrower shall not cancel all or part of the undrawn credit limit under the Tranche A Facility, the Tranche B Facility or the Tranche C
Facility, except if all of the following conditions are satisfied: 
  

	 	(1)	 An irrevocable written notice was given to the Agent at least 15 Business Days before the limit cancellation
date; 

  

	 	(2)	 The cancelled limit amount shall be at least NT$30,000,000 and any amount in excess thereof shall be integer
multiples of NT$10,000,000, or the full amount of the limit amount not drawn down at the time under the relevant Tranche Facility; 

  

	 	(3)	 Cancelled credit limit shall no longer be available for further drawdowns. 

The total limit amount remaining available after the Borrower’s cancellation in accordance with the above is the limit amount of this
Credit Facility starting from the date of cancellation. 
 If the Borrower cancels the limit amount in a manner other than in accordance with
the above provisions, a one-time compensation fee shall be paid to the Agent at a fee rate of 0.10% of the cancelled amount, which shall be forwarded by the Agent to the relevant Syndicated Banks based on the
Commitment Ratios. 

  
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	5.	 Prepayment of Tranche A Facility and Tranche B Facility 

The Borrower shall not prepay all or part of any loan amount that is not yet due under the Tranche A Facility or the Tranche B Facility, except
if all of the following conditions are satisfied: 
  

	 	(1)	 An irrevocable written notice was given to the Agent at least 15 Business Days before the prepayment date;

  

	 	(2)	 The prepayment amount shall be at least NT$30,000,000 and any amount in excess thereof shall be integer
multiples of NT$10,000,000, or the full amount of the limit amount not drawn down at the time under the relevant Tranche Facility; 

  

	 	(3)	 The prepayment date must be an Interest Date; 

 

	 	(4)	 Repayment shall be in an order that starts from the loan with the closest due date under the principle that
loans that become due first shall be repaid first; 

  

	 	(5)	 Upon prepayment, all interest, fees and other amounts payable shall be paid at the same time;

  

	 	(6)	 The limit amount prepaid shall no longer be available for drawdown. 

Unless otherwise provided in this Agreement, if the Borrower makes prepayment other than in accordance with the above provisions, a one-time compensation fee shall be paid to the Agent at a fee rate of 0.10% of the prepayment amount, which shall be forwarded to the Tranche A Banks or the Tranche B Banks. The Borrower shall also bear the break
funding costs incurred by the Tranche A Banks or the Tranche B Banks due to prepayment, provided that the Tranche A Banks or the Tranche B Banks shall provide relevant documents or proof showing the break funding costs they claim. 

 

	6.	 Mandatory Prepayment 

If any Syndicated Bank’s commitment or facility under this Agreement becomes illegal due to changes of any laws or orders, such Syndicated
Bank shall immediately negotiate a solution with the Borrower and shall also give immediate written notice to the Agent. The agreement reached through such negotiation shall be binding on all parties. If an agreement is not reached within 5 Business
Days, the credit commitment of such Syndicated Bank shall be revoked and the Borrower shall repay to the Agent the loan amount already advanced by such Syndicated Bank and loan interest accrued in accordance with this Agreement from the Drawdown
Date to the date of repayment, as well as any other amount payable to such Syndicated Bank in accordance with this Agreement, within a reasonable period designated by the Agent and permitted by the law. It will not be necessary to pay for the
compensation for early retirement as stated in Article V. 
 If the above breach of law is imputable to an event imputable to the Syndicated
Bank concerned, such Syndicated Bank shall arrange alternative credit facility with equivalent conditions as this Agreement for the Borrower and shall compensate the Borrower for the additional costs and expenses incurred due to prepayment of the
facility in accordance with the previous paragraph (provided that the Borrower shall provide relevant documents or proof showing the additional costs and expenses it claims). 
  

	7.	 Taxes and Charges 

Other than the profit-seeking enterprise income tax of the Syndicated Banks and other provisions of this Agreement, any tax imposed currently
or in the future due to any amount payable under this Agreement or any document related hereto (including but not limited to business tax and stamp duty incurred from interest accrual, etc.) shall be borne by the Borrower. Taxes related to the
issuance of commercial paper by the Issuer in accordance with this Agreement shall be governed 

  
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 by Article 3, paragraph 1 of this Agreement. If the Banking Syndicate is
obliged to pay other taxes related to this Credit Facility or if the taxing basis of any tax previously borne by the Borrower is changed due to any change of law or change in the interpretation of the law by the competent authority, such tax shall
be borne by the Borrower. 
 The Borrower shall not withhold or deduct any fee or tax from any amount paid to the Syndicated Banks. If the
law requires that the Borrower must withhold any amount from the amount payable to the Syndicated Banks under this Agreement, the Borrower shall increase the amount payable so that, after the amount to be deducted is deducted (including the
increased withheld amount due to the payment of such amount), the amount received by the Syndicated Banks is the same as the amount without withholding. 

All taxes and reasonable costs incurred due to the signature and performance of this Agreement or documents related hereto or the security or
enforcement of claims by the Syndicated Banks shall be borne by the Borrower. 
  

	8.	 Increased Cost 

If the Syndicated Banks incur increased cost in granting the credit due to changes of laws or orders or changes in the interpretation of laws
or orders by the competent authority, the Borrower shall pay such amount immediately in accordance with the request of the Syndicated Banks to compensate the increased cost of the Syndicated Banks, provided that the Syndicated Banks shall provide
relevant supporting documents. 
  

	9.	 Indemnification 

The Borrower and (or) the Guarantor shall indemnify any Syndicated Bank, the Arrangers or the Agent for all losses, indebtedness, damage, costs
and expenses incurred in relation to this Agreement due to any Event of Breach by the Borrower and (or) the Guarantor or any breach of any obligation under this Agreement by the Borrower and (or) the Guarantor. The Borrower and (or) the Guarantor
shall also indemnify any Syndicated Bank, the Arrangers or the Agent for any cost of capital such as interest or fee incurred due to the non-repayment of any relevant amount. However, the Borrower and (or) the
Guarantor shall not indemnify any loss, indebtedness, damage, cost or expense incurred due to the willful conduct or gross negligence of any Syndicated Bank, the Arrangers or the Agent. 

 

	10.	 Time and Place of Payment 

Unless otherwise provided by this Agreement, all payments made by the Borrower in accordance with this Agreement, including but not limited to
the repayment of principal of this Credit Facility, advanced guarantee amount, interest or other fees, shall be made by the Borrower to the business place designated by the Agent. Otherwise the repayment shall not take effect. The Borrower shall
also make transfers into the account designated by the Agent before 12:00 p.m. Taipei Time on the principal repayment date, Interest Date or other due date. Payment after 12:00 p.m. Taipei Time shall be deemed payment on the following Business Day.
If any due date is not a Business Day, it shall be postponed to the following Business Day. However, if the postponement goes across calendar months, payment shall be made on the previous Business Day. 

Article 4 Conditions Precedent to Drawdown Limit 
  

	1.	 Conditions Precedent to Initial Drawdown 

The Borrower’s initial drawdown of the Committed Limit of this Credit Facility in accordance with this Agreement is subject to the
conditions precedent of the Agent’s receipt of the following documents at least 7 Business Days before the initial drawdown or other shorter period agreed by the Agent in the form and substance acceptable to the Agent (if any document is
submitted in photocopy, the provider of the document must certify that it is a genuine, correct and full photocopy): 

  
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	 	(1)	 This Agreement legally signed by all parties; 

 

	 	(2)	 Drawdown Application and (or) Commercial Paper Issuance Application legally signed by the Borrower; for
drawdown of the Tranche B Facility, relevant proof of transaction under Article 2, paragraph 5, subparagraph (3) of this Agreement shall be submitted; 

  

	 	(3)	 Submission of the Estimated 2016 Syndicated Loan Repayment Schedule; 

 

	 	(4)	 Photocopies of the latest documents below of the Borrower’s Parent certified as consistent with the
original documents: Certificate of Incorporation, Memorandum and Articles of Association, List of Shareholders, Register of Directors and/or Certificate of Incumbency, Certificate of Good Standing, proof of payment of annual fee, the Borrower’s
Change Registration Form for Branch of Foreign Company issued by the Ministry of Economic Affairs and Foreign Company Recognition Registration Form/Recognized Matters Change Form; 

 

	 	(5)	 Minutes or authorization (Authorization Letter or similar document) showing approval from the board of
directors and (or) shareholders’ meeting of the Borrower’s Parent for the signature of this Agreement, Security Documents and other contract documents and authorizing its representative or other authorized signatory to sign such relevant
contracts and documents and specimen of the authorized person’s signature and (or) seal; 

  

	 	(6)	 Photocopies the latest documents below of the Corporate Guarantor certified as consistent with the original
documents: Certificate of Incorporation, Memorandum and Articles of Association, List of Shareholders, Register of Directors and/or Certificate of Incumbency, Certificate of Good Standing, proof of payment of annual fees; 

 

	 	(7)	 Photocopy of the identification document of the Personal Guarantor certified as consistent with the original
document; 

  

	 	(8)	 Minutes or consent showing approval from the board of directors and (or) shareholders’ meeting of the
Corporate Guarantor for the signature of this Agreement, Security Documents and other contracts and documents, the provision of all security and relevant documents under this Agreement, and authorizing its representative or other authorized
signatories to sign such relevant contracts and documents and specimen of the authorized person’s signature and (or) seal; 

  

	 	(9)	 The Borrower and Gogoro Taiwan Sales and Services Limited shall each have opened an Operating Income and
Expense Account with the Agent in accordance with Article 6, paragraph 1, of this Agreement; 

  

	 	(10)	 Gogoro Taiwan Sales and Services Limited shall have issued an Operating Income and Expense Account Affidavit in
accordance with Article 6, paragraph 1 of this Agreement, in the form of Attachment 9; 

  

	 	(11)	 The Borrower shall have signed a Repayment Account Pledge Agreement in accordance with paragraph 1, Article 6
of this Agreement, in the form of Attachment 10; 

  

	 	(12)	 The Borrower and the Guarantors shall have co-signed the promissory
note and power of attorney for the promissory note with amounts equivalent to the Total Credit Limit in accordance with Article 6, paragraph 2 of this Agreement, in the form of Attachment 11 and Attachment 12, respectively; 

  
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	 	(13)	 The Borrower’s and the Corporate Guarantor’s accountant-audited or most recently reviewed financial
reports before initial drawdown; 

  

	 	(14)	 Legal opinion issued by the Banking Syndicate’s legal advisors for the Republic of China (Taiwan) and the
Cayman Islands; 

  

	 	(15)	 In the event of advance by any shareholder of the Borrower’s Parent and (or) Corporate Guarantor, the
Shareholder Advance Claim Subordination Affidavit issued by such shareholder shall be provided, in the form of Attachment 15; 

  

	 	(16)	 The Borrower’s Parent shall have provided the Negative Pledge in accordance with Article 9, paragraph 13
of this Agreement, signed with the approval by resolution of its board of directors, in the form of attachment 16; 

  

	 	(17)	 Satisfaction of the Know Your Customer (KYC) documents required by the Banking Syndicate; and

  

	 	(18)	 Other documents or proof reasonably required by the Agent. 

 

	2.	 Conditions Precedent to Subsequent Drawdown 

The Borrower’s subsequent drawdown of the Committed Limit in accordance with this Agreement and the performance of commitments by each
Syndicated Bank to the Borrower in accordance with this Agreement is subject to the conditions precedent of the Agent’s receipt of the following documents or proof at least 5 Business Days before the Borrower’s contemplated Drawdown Date
or other shorter period agreed by the Agent (if any document is submitted in photocopy, the provider of the document must certify that it is a genuine, correct and full photocopy): 

 

	 	(1)	 Drawdown Application and (or) Commercial Paper Issuance Application legally signed by the Borrower; for
drawdown of the Tranche B Facility, relevant proof of transaction shall be submitted; 

  

	 	(2)	 In the event of advance by any shareholder of the Borrower’s Parent and (or) Corporate Guarantor, the
Shareholder Advance Claim Subordination Affidavit issued by such shareholder shall be provided, in the form of Attachment 15; and 

  

	 	(3)	 Other documents or proof reasonably required by the Agent. 

 

	3.	 Other Conditions Precedent to Drawdown 

To draw down this Credit Facility, in addition to completing the above drawdown conditions, the Borrower shall also comply with the following:

  

	 	(1)	 The credit limit that the Borrower wishes to draw down shall not have exceeded the relevant Committed Limit,
drawdown deadline or Credit Period provided in this Agreement. 

  

	 	(2)	 The declarations, warranties, matters agreed and all documents and information provided by the Borrower and
(or) the Guarantor in accordance with this Agreement shall be truthful, correct and without changes. There shall be no material adverse changes to their properties, finances or operating status, no litigation, arbitration, petition, administrative
dispute, enforcement or non-litigative proceeding pending or existing that may have a material adverse effect on the Borrower’s and (or) the Guarantor’s ability to perform the agreement. All
conditions listed in this Article and documents already provided remain valid and applicable during the Period of Existence of this Agreement. 

  
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	 	(3)	 No Event of Breach or Potential Event of Breach has occurred or is continuing that is not remedied or that
cannot be remedied, nor shall any drawdown of this Credit Facility result in any Event of Breach or Potential Event of Breach occurring or continuing that is not remedied or that cannot be remedied. 

 

	 	(4)	 The Borrower has paid in full all fees and amounts payable under this Agreement and no event has occurred for
which the Banking Syndicate and (or) the Agent may suspend the provision of the credit limit in accordance with this Agreement. 

The Borrower’s submission of the Drawdown Application and (or) the Commercial Paper Issuance Application constitutes the Borrower’s
representation and warranty that it has complied with the conditions under subparagraphs (2) to (4) of this paragraph. In case of any Event of Breach or Potential Event of Breach, the Borrower shall give notice to the Agent before 10 a.m. on
the Business Day before the Drawdown Date at the latest. The Agent may decide whether or not to suspend the drawdown or handle it otherwise depending on the actual situation. 
  

	4.	 Other Conditions to Maintain Facility 

Each Syndicated Bank’s obligation to continuously maintain the credit limit is subject to the condition of the Borrower’s and the
Guarantor’s performance of all obligations of this Agreement and timely completion of the provision of all securities under Article 6 of this Agreement. 

Article 5 Issuance of Commercial Paper 
 Subject to all relevant
conditions for the drawdown of this Credit Facility under this Agreement, the Issuer may issue commercial paper in accordance with this Agreement within the scope of the Committed Limit and the drawdown deadline of the Tranche C Facility. The due
date of each commercial paper shall not exceed the Credit Period of the Tranche C Facility. Commercial paper issued by the Issuer in accordance with this Agreement shall be guaranteed by the Tranche C Banks in accordance with their Commitment
Ratios, followed by their underwriting and full purchase. 
  

	1.	 Details of Each Issuance 

For each of the Issuer’s drawdowns of the Tranche C Facility to issue commercial paper, the issue period shall be 90 days or any other
period shorter than 90 days as jointly agreed by the Agent, the Tranche C Banks and the Issuer, provided that the due date of commercial paper issued shall not exceed the Credit Period of the Tranche C Facility. Each issuance of commercial paper
shall be limited to a choice of two periods. If the Tranche C Banks have exercised their right to terminate the limit in writing in accordance with Article 2, paragraph 3 of this Agreement, no further drawdown shall be allowed upon completion of
such year. 
 The minimum issue amount for each issuance of commercial paper is NT$100,000,000 and the issue amount shall be integer
multiples of NT$10,000,000 or all remaining limit of the Tranche C Facility that is not drawn down at the time, except when the Issuer applies for the Tranche C Facility to repay commercial paper under the 2016 Syndicated Loan. 

 

	2.	 Issuance Application Procedure 

 

	 	(1)	 The Issuer shall file a Commercial Paper Issuance Application with the Agent in accordance with Article 2,
paragraph 5 of this Agreement. The Drawdown Date is the Issue Date of the commercial paper. The issuance application shall specify the period, due date, Issue Date and total issue amount of commercial paper. 

 

	 	(2)	 Upon receipt of the Issuer’s Commercial Paper Issuance Application, the Agent shall prepare

  
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	 	and complete the Guarantee and Underwriting Notice (in the form of Attachment 5) according to the Commitment Ratio of the Tranche C Facility 2 Business Days before the Drawdown Date and fax it to the Tranche C Banks,
giving notice to each Tranche C Bank to process commercial paper guarantee in its own name. Such commercial paper is guaranteed and purchased by the Tranche C Banks, with the Tranche C Banks providing the guarantee, underwriting and purchase
themselves. If the issue amount cannot be distributed in the manner provided in this Agreement, the actual amount of such issuance shall be based on the amount calculated by the Agent. The Issuer hereby agrees and authorizes the Agent to calculate
and adjust the actual amount of each issuance on its behalf. The Tranche C Banks shall not voice any objection about the amount distributed by the Agent in accordance with this Agreement. 

Tranche C Banks shall provide closing slips to the Issuer and the Agent in accordance with their Commitment Ratios before 12 a.m. on the
Business Day before the Issue Date. The Tranche C Banks shall complete the commercial paper guarantee and underwriting procedures on the issuance processing platform before 4:30 p.m. on the Business Day before the Issue Date at the latest. If the
commercial paper issuance procedure is changed in the future based on market practices or relevant laws or regulations, the parties to this Agreement may further negotiate. 
  

	 	(3)	 In relation to the issuance of commercial paper, the Issuer and the underwriters shall further sign a
“Commercial Paper Guarantee and Purchase Agreement” or “Mandate Agreement for Guaranteed Issuance of Commercial Paper” or similar written contract acceptable to the underwriters. In case of discrepancy between the provisions of
such contracts and this Agreement, the provisions of this Agreement shall prevail. 

  

	3.	 Payment of Commercial Paper Price 

 

	 	(1)	 When the underwriters (i.e., the Guarantee Banks) purchase commercial paper issued by the Issuer in accordance
with this Agreement, the price payable after deduction of underwriting fee, guarantee fee and bills depository and settlement service fee shall be calculated based on the Committed Purchase Factoring Rate, and the New Taiwan Dollar amount payable to
the Issuer shall be deposited or transferred in immediately available New Taiwan Dollars into the Issuer’s designated account with the Agent or the designated account of the clearing institution before 3 p.m. on the Issue Date for instant
credit. 

  

	 	(2)	 The committed purchase price for paper issued in accordance with this Agreement is calculated as follows:

 Purchase Price = Unit Price per $10,000 x Face Value / 10,000 

Unit Price per $10,000 = [1 – (Committed Purchase Factoring Rate x Period / 365)] x 10,000 (up to the 2nd digit after the decimal point,
with the following digit rounded up if it is 5 or higher or rounded down if it is 4 or lower) 
  

	 	(3)	 Commercial paper purchased by the Tranche C Banks also acting as the underwriter in the performance of their
Purchase Commitment may be further resold to other financial institutions or third parties. 

  

	4.	 Repayment of Commercial Paper 

 

	 	(1)	 Commercial paper issued by the Issuer in accordance with this Agreement shall be subject to depository and
settlement in accordance with the Act Governing Bills Finance Business and relevant procedures. In accordance with the Regulations Governing Issuance, Registration and Book-Entry Operations for Short-Term Bills, the Taiwan Depository and Clearing
Corporation shall serve as the payer, which mandates the Taiwan Cooperative Bank, Ltd. Ziqiang Branch (or other institution subsequently designated) to process payment matters. 

  
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	 	(2)	 When the commercial paper becomes due, the Issuer shall deposit immediately available New Taiwan Dollar funds
based on the face value into the account designated by the settlement institution in the manner consistent with bills depository related regulations on the due date. 

 

	5.	 Issuer Specimen Seal 

 

	 	(1)	 The Issuer shall hand over a copy of its specimen seal/signature (in the form of Attachment 6) to each of the
Agent and the Tranche B Banks also acting as the underwriter, specifying the name, title and specimen signature/seal of the person authorized to sign documents related to the issuance of commercial paper under this Agreement. Matters relevant to
this Agreement shall be based on such specimen signature or seal of the Issuer and such seal or signature shall be absolutely binding on the Issuer. The Agent and the Tranche B Banks also acting as the underwriter may trust that documents affixed
with such seal or signature of the Issuer are documents with valid authorization from and legally signed by the Issuer and that the details therein are truthful and correct. 

 

	 	(2)	 In processing applications filed by the Issuer or documents related to this Agreement, the Agent and the
Tranche B Banks also acting as the underwriter shall verify whether the signatures on such documents are consistent with the specimen seal/signature deposited with the Agent and the Tranche B Banks also acting as the underwriter. In case of any
inconsistency, the Agent and the Tranche B Banks also acting as the underwriter shall refuse the documents. 

  

	 	(3)	 In case of change of such specimen seal/signature, the Issuer shall give written notice to the Agent and the
Tranche B Banks also acting as the underwriter at least 10 Business Days before the issuance application date and hand over new specimen seal/signature, respectively, otherwise such change shall not be used against the Agent or the Tranche B Banks
also acting as the underwriter. 

  

	6.	 Guarantee Bank and Underwriter Specimen Seal 

 

	 	(1)	 The Tranche B Banks (i.e., Guarantee Banks) also acting as the underwriter shall hand over specimen
seals/signatures (in the form of Attachment 7 and Attachment 8) to the Agent (the Tranche B Banks shall also hand over duplicate copies to the underwriter), specifying the name, title and specimen seal/signature of the person authorized to sign
guarantees and (or) underwritings for commercial paper. Guarantees or underwritings by the Tranche B Banks also acting as the underwriter in accordance with this Agreement shall be based on such specimen seals/signatures and such specimen
seals/signatures shall be absolutely binding on each Tranche C Bank also acting as the underwriter. 

  

	 	(2)	 In case of change of such specimen seal/signature, the relevant Tranche C Bank also acting as the underwriter
shall give written notice to the Agent at least 5 Business Days before each Issuer’s issuance application date and hand over new specimen seal/signature, respectively, otherwise such change shall not be used against the Agent.

 Article 6 Special-Purpose Account and Security 

The Syndicated Banks agree that all security provided by the Borrower and (or) the Guarantor in accordance with this Agreement and all documents that guarantee
the repayment of indebtedness by the Borrower and (or) the Guarantor shall be made to the name of the Agent, which shall act in the capacity of a joint creditor in the common interest of the Banking Syndicate to hold and enjoy the interest of all
security. The Agent shall also act as the assignee, pledgee and trustee of the collateral. 

  
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	1.	 Special-Purpose Account and Pledge 

Before the initial drawdown of this Credit Facility, the Borrower shall procure Gogoro Taiwan Sales and Services Limited to open a
special-purpose account with the Agent before the initial drawdown of this Credit Facility and to carry out the following during the Period of Existence of this Credit Facility: 

 

	 	(1)	 Operating Income and Expense Account 

The Borrower shall open an Operating Income and Expense Account with the Agent and ensure that 80% of its revenue shall be deposited
(transferred) into such account starting from the date of signature of this Agreement. The Borrower shall also procure that Gogoro Taiwan Sales and Services Limited open an Operating Income and Expense Account with the Agent or the business unit
designated by the Agent and issue an affidavit (in the form of Attachment 9), undertaking and ensuring that, starting from the date of signature of this Agreement, 80% of its revenue shall be deposited (transferred) into such account. 

 

	 	(2)	 Repayment Account 

The Borrower shall open a Repayment Account with the Agent and sign a Repayment Account Pledge Agreement (in the form of Attachment 10) with
the Agent, creating a maximum-limit pledge on the interest in such account for the benefit of the Agent. The Borrower shall ensure that the balance of such account shall be maintained at all times with an amount equivalent to at least 3 installments
of interest payable calculated from the balance amount of principal drawn down under this Credit Facility at the end of the previous month. 

On the condition that there is no Event of Breach, the proceeds from the pledged account may be collected by the Borrower or transferred to a
general deposit account designated by the Borrower following the prior written consent of the Agent. 
 In case of any Event of Breach listed
in this Agreement, the Agent may use the funds deposited currently or in the future in the Borrower’s Operating Income and Expense Account and (or) Repayment Account to repay any outstanding balance of this Credit Facility until all principal,
advance, interest, guarantee processing fee and relevant fees owed by the Borrower under this Credit Facility are fully repaid. 
 Unless
otherwise provided in this Agreement, neither the Borrower nor Gogoro Taiwan Sales and Services Limited shall assign, change, settle, create pledge on or otherwise encumber, deliver trust or otherwise dispose of the Operating Income and Expense
Account and (or) the Repayment Account. 
  

	2.	 Promissory Note 

Before seeking initial drawdown under this Credit Facility, the Borrower shall sign together with the Guarantor a promissory note in the form
of Attachment 11, naming the Agent as the payee and with a face value that is equivalent to the Total Credit Limit. The Borrower and the Guarantor shall also co-sign a power of attorney for the promissory note
in the form of Attachment 12 and hand it over to the Agent for custody, unconditionally and irrevocably authorizing the Agent to fill out the due date, interest start date and interest rate, etc., in the promissory note in accordance with the
provisions of this Agreement at any time upon occurrence of any Event of Breach and exercise all rights on the promissory note. During the Period of Existence of this Agreement, the Borrower and the Guarantor shall follow the Agent’s request to
issue a new replacement promissory note and power of attorney for the promissory note in the same form and with the same details and provide them to the Agent at any time or at least every 2 years. After the Borrower and the Guarantor have handed
over the new replacement promissory note and power of attorney for the promissory note to the Agent, the Agent shall return the previously issued old promissory note and power of attorney for the promissory note to the Borrower. After the Borrower
has repaid all indebtedness in 

  
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 accordance with this Agreement and relevant contracts, the Agent shall
return the promissory note and power of attorney for the promissory note to the Borrower. If the Corporate Guarantor’s shares are listed in a securities exchange acceptable to the Agent in the future, the Borrower and (or) Guarantor may ask to
reduce the amount of the promissory note based on partial repayment of indebtedness or partial cancellation of credit limit and issue a new replacement promissory note and power of attorney for the promissory note based on the actual credit limit at
the time, provided that there shall be no more than one such replacement per year. Other than the above, neither the Borrower nor the Guarantor shall ask for the return of the promissory note or reduction of the amount on the promissory note based
on partial repayment of indebtedness or partial cancellation of credit limit. 
 Article 7 Guarantee 

 

	1.	 Joint and Several Guarantee 

To secure all indebtedness owed by the Borrower in accordance with this Agreement, the Guarantor agrees to serve as the Borrower’s
guarantor with joint and several liability. The Guarantor shall be jointly liable together with the Borrower in relation to all indebtedness owed by the Borrower under this Agreement (including but not limited to all costs, expenses and relevant
fees incurred from the security or enforcement of the interest under this Agreement and Security Documents) for the full repayment to the Banking Syndicate. 
  

	2.	 Guarantor’s Consent 

If the Borrower fails to perform any indebtedness owed under this Agreement, the Guarantor agrees to waive the right of discussion and
immediately repay such indebtedness in full. The Guarantor also agrees to the following: 
  

	 	(1)	 Before the main indebtedness guaranteed by the Guarantor is fully repaid, if the Guarantor makes repayment to
the Banking Syndicate on behalf of the Borrower, to the extent of the repayment, the Guarantor’s claim against the Borrower and the right taken over from the Banking Syndicate shall be subordinated to and shall only be repaid after all of the
Banking Syndicate’s remaining claims against the Borrower in accordance with this Agreement, after deduction of the portion repaid by the Guarantor on the Borrower’s behalf, are repaid. 

 

	 	(2)	 In case of bankruptcy, reorganization, liquidation or insolvency of the Borrower, the Guarantor shall not claim
any reduction of its liability and shall still be liable for the repayment of all indebtedness owed by the Borrower in accordance with this Agreement. The same applies in case of any change to the Borrower’s organization. 

 

	 	(3)	 The Guarantor agrees that all agreements, undertakings or special agreements made by the Borrower in relation
to this Agreement (including but not limited to repayment, security of claim, acknowledgment of claim, collection and use of information or other agreements) are binding on the Guarantor and shall be complied with and performed by the Guarantor,
except for actions or non-actions that should be performed exclusively by the Borrower. 

  

	 	(4)	 The Banking Syndicate may claim repayment from the Guarantor without having to first seek repayment from the
collateral under this Agreement or exercise the claim under the promissory note under Article 6, paragraph 2 of this Agreement. 

  

	 	(5)	 Unless the Guarantor repays all indebtedness under this Credit Facility on behalf of the Borrower, the
Guarantor shall not ask the Banking Syndicate to transfer the collateral and security interest. When the Guarantor has repaid all indebtedness on behalf of the Borrower and seeks the transfer of collateral from the Banking Syndicate in accordance
with the law, it shall not voice any objection to the Banking Syndicate due to any defect in the security interest, proof of claim or collateral. 

  
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	 	(6)	 The Guarantor’s guarantee in accordance with this Agreement shall not be impacted by the Banking
Syndicate’s refusal to accept any collateral, the invalidity of any collateral already accepted or the Banking Syndicate’s consent about the disposal of any amount already paid or to be paid to the Borrower. The Guarantor agrees that the
Borrower may replace or change the collateral provided to the Banking Syndicate in accordance with this Agreement and the Guarantor’s guarantee liability shall not be impacted by such replacement or change of collateral. The Guarantor hereby
waives the right to require that the Banking Syndicate must first seek repayment from the Borrower or any other person before seeking repayment from the Guarantor, including the right to require a certificate of refusal, as well as any other right
under Article 745 of the Civil Code. 

  

	 	(7)	 If the Banking Syndicate subsequently grants a written approval for delayed repayment of any of the
Borrower’s indebtedness under this Agreement, the Guarantor shall further give a written consent (including but not limited to signing an addendum) to continue its joint and several liability together with the Borrower for any extended
indebtedness and to be liable for the full repayment to the Banking Syndicate. 

  

	 	(8)	 Any security or guarantee further provided by the Borrower currently or in the future to secure its
indebtedness shall not be impacted by the signature, performance, cancellation or termination of the guarantee under this paragraph (i.e., the guarantee under this paragraph shall be without prejudice to any other security or guarantee further
provided by the Borrower to secure its indebtedness) and the effect of the guarantee under this paragraph shall not be impacted by any other security or guarantee further provided by the Borrower. 

 

	 	(9)	 The Guarantor also agrees to waive any other guarantor’s right under Chapter 2, Section 24 of the
Debt Volume of the Civil Code, unless prior waiver is not permitted by the law. 

  

	3.	 Addition/Replacement of Guarantor 

During the Period of Existence of this Agreement, the Guarantor shall not use any reason to seek cancellation or release of its guarantee
liability or seek replacement of the Guarantor unless a written consent is granted by the full Banking Syndicate. Based on objective and specific facts (including but not limited to deterioration of creditworthiness of the Guarantor), if it is
deemed through Resolution of Majority Syndicated Banks that an additional Guarantor is required or if the full Banking Syndicate deems that the Guarantor should be replaced, upon notice from the Agent, the Borrower shall swiftly add another
guarantor in accordance with the Resolution of Majority Syndicated Banks or provide a replacement guarantor acceptable to the full Banking Syndicate within the period required by the Agent. 

The Borrower shall procure that the additional or replacement guarantor shall sign all necessary documents required by the Agent (including but
not limited to guarantee documents, promissory note, power of attorney for the promissory note, etc.) The provisions of this Agreement about the Guarantor shall also apply to the additional or replacement guarantor. 

Before the guarantor replacement procedure is completed, the original Guarantor shall remain liable for the guarantee in accordance with this
Agreement. 
  

	4.	 Guarantor’s Consent Letter 

The Guarantor serves as Guarantor under this Credit Facility in a personal capacity. During the Period of Existence of this Agreement, if the
Guarantor serves as the Borrower’s director, supervisor or other person with representation right, in case of resignation, dismissal or other removal, the Guarantor shall give immediate written notice to the Agent for the Agent to inform the

  
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 Banking Syndicate upon receipt of such notice. The Agent and the Banking
Syndicate may suspend the use of this Credit Facility until the Guarantor issues a letter of consent (in the form of Attachment 13) agreeing to continue serving as the Guarantor or until the Borrower and (or) the Guarantor provide another security
proposal acceptable to the full Banking Syndicate and complete relevant procedures before further drawdown by the Borrower. In case of the above, the Guarantor and (or) the Borrower’s failure to give immediate written notice shall be deemed an
Event of Breach. 
 Article 8 Representation and Warranty 
 To
procure signature of this Agreement by the Arrangers, the Agent and each Syndicated Bank and the performance of their commitments, the Borrower and (or) the Guarantor (to the extent of applicability to the Guarantor) hereby represent and warrant the
following: 
  

	1.	 Corporate Existence and Authority 

The Borrower’s Parent and the Corporate Guarantor are companies legally incorporated and validly existing in accordance with the laws of
the Cayman Islands, with corporate abilities and authority. The Borrower is a branch of a foreign company legally registered in accordance with the laws of the Republic of China (Taiwan) and may operate its business within the territory of the
Republic of China (Taiwan) in accordance with the law. The Borrower’s Parent, the Borrower and the Corporate Guarantor may engage in business activities in accordance within their scopes of business and have the legal authority to possess their
assets. Neither the Borrower nor the Corporate Guarantor has breached any law, order or their articles of association or any other corporate bylaws. 
  

	2.	 Authority and Binding Effect 

The Borrower and the Corporate Guarantor have completed all necessary procedures within their companies for the legal authorization to sign,
deliver and perform this Agreement, the Security Documents and relevant documents and have acquired the necessary authorizations, approvals or consents of their shareholders’ meetings and (or) boards of directors. The signatures of this
Agreement, the Security Documents and relevant documents signed by the Borrower and the Guarantor are legally valid and binding. 
 The
Borrower and the Guarantor have acquired and have maintained the validity of all necessary consents, approvals, licenses, authorizations or registrations from the competent authorities for the signature, delivery and performance of the provisions
and conditions under this Agreement, the Security Documents and relevant documents. 
  

	3.	 Legality 

The signature, delivery and performance of this Agreement, the Security Documents and relevant documents do not breach the provision of any
law, charter, order or the Borrower’s or the Corporate Guarantor’s articles of association or other company bylaws, nor is there any event of forgery or alteration, nor do they breach any of the Borrower’s and (or) the
Guarantor’s contract obligations agreed with any third party or constitute any event of breach by the Borrower and (or) the Guarantor. 
  

	4.	 No Pending Litigation 

Other than those already disclosed by the Borrower and (or) the Corporate Guarantor through the latest accountant-audited or reviewed financial
report before the signature date of this Agreement or provided in writing to the Arrangers, the Agent and the Banking Syndicate by the Borrower and (or) the Guarantor, there is no litigation, arbitration, petition, administrative dispute,
enforcement or non-litigative proceeding that is pending or existing in any domestic or foreign court of any level, arbitration institution, government authority or other institution that may have an adverse
impact on the Borrower and (or) the Guarantor, nor is there any other ongoing proceeding that may have an adverse impact on the financial status, property or business of the Borrower and (or) the Guarantor or this Credit Facility. 

  
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 There has been no business suspension, dissolution, split, bankruptcy,
settlement under bankruptcy law, reorganization, liquidation, relief, debt cleanup, debt negotiation or any other similar legal proceeding filed (petitioned) by or against the Borrower and (or) the Guarantor that is pending or ongoing and that may
have an adverse impact on the financial status, property or business of the Borrower and (or) the Guarantor or this Credit Facility. 
  

	5.	 No Breach of Contract 

There is no Event of Breach of Potential Event of Breach by Borrower and (or) the Guarantor, nor is there any breach of other contracts or
potential breach that may have an adverse impact on this Credit Facility. 
  

	6.	 Information Disclosure 

There is no false representation or warranty about any fact in the declarations and warranties by the Borrower and (or) the Guarantor in
relation to this Agreement under this Agreement, the Security Documents or relevant documents or delivered to any party to this Agreement, nor is there omission of any fact that renders such declarations, warranties or documents misleading. 

All relevant documents and information provided by the Borrower and (or) the Guarantor to the Arrangers, the Agent and the Syndicated Banks are
truthful and correct. Any prediction or relevant statement included in such documents is carefully and reasonably made by the Borrower and (or) the Guarantor based on the information that they are able to acquire and various hypotheses under the
current environment. To the Borrower’s knowledge, anything that may impact such documents, information and the relevant statements therein or anything that may impact the Banking Syndicate’s willingness to grant the credit facility to the
Borrower on the terms of this Agreement has been fully disclosed in writing to the Arrangers, the Agent and the Banking Syndicate. 
  

	7.	 Financial Status 

The latest accountant-audited or reviewed financial reports before the date of signature of this Agreement submitted by the Borrower and (or)
the Guarantor to the Arrangers, the Agent and the Banking Syndicate are prepared based on their respectively applicable GAAP or IFRSs and on a consistent basis, and they fully, correctly and reasonably record the financial status of the Borrower,
the Corporate Guarantor and their affiliates as of the above date, as well as any changes in the overall operating results and financial status at the end of the accounting period. 

From the above date until the date of signature of this Agreement, there have been no adverse changes in the overall business, operation,
property, finance or other situations of the Borrower, the Corporate Guarantor or their affiliates. 
  

	8.	 Taxes and Charges 

The Borrower and (or) the Corporate Guarantor have complied with all laws and regulations of the relevant competent authorities to put in place
proper books and records, have filed and paid all taxes and (or) charges due, have filed remedy proceedings in cases of non-paid taxes and (or) charges and have made proper reserve provisions in accordance
with the GAAP or IFRSs. 

  
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	9.	 Full Ownership 

The Borrower and (or) the Corporate Guarantor have full ownership of all of their assets. Other than disclosures already made in writing to the
Banking Syndicate, all of the Borrower’s and (or) the Corporate Guarantor’s real properties, personal properties and other assets are free from any mortgage, pledge, other security or encumbrance, and such assets do not include any items
that cannot be seized, held, transferred or pledged due to legal prohibitions, nor are there any seizures, detentions or other similar proceedings in relation thereto. 
  

	10.	 Continuity 

The Borrower and the Guarantor represent and warrant to the Arrangers, the Agent and the Syndicated Banks that, during the Period of Existence
of this Agreement, the above declarations will continue to be true and correct. 
 Article 9 Undertakings 

Other than the other undertakings provided in this Agreement, the Borrower and (or) the Guarantor (to the extent of applicability to the Guarantor) also
undertake to duly perform the following during the Period of Existence of this Agreement: 
  

	1.	 Use of Funds 

The Borrower shall use all credit facility funds acquired in accordance with this Agreement for the credit facility purposes listed under
Article 2, paragraph 1 of this Agreement and shall put in place proper books and records to show the utilization of this Credit Facility. However, neither the Agent nor the Syndicated Banks are responsible for supervising the actual use of such
funds by the Borrower. 
  

	2.	 Financial Report 

The Borrower and the Corporate Guarantor shall provide the Agent with financial reports in accordance with the following: 

 

	 	(1)	 Within 150 days from the end of each accounting year, the Borrower shall provide the accountant-audited non-consolidated financial report and footnotes ending in such accounting year. 

  

	 	(2)	 Within 150 days from the end of each accounting year, the Corporate Guarantor shall provide the
accountant-audited non-consolidated financial report and footnotes ending in such accounting year. 

  

	 	(3)	 Within 90 days from the end of the second quarter of each accounting year, the Corporate Guarantor shall
provide accountant-reviewed second-quarter consolidated financial report and footnotes. 

  

	 	(4)	 As deemed necessary by the Agent, the Borrower shall provide its
non-consolidated statutory financial statements within 90 days from the end of the second quarter of the accounting year. 

Other than statutory financial statements, the financial reports provided in accordance with this paragraph shall be prepared in accordance
with the GAAP of the Republic of China (Taiwan) and audited or reviewed by an accountant acceptable to the Agent. The information shall be presented in accordance with the GAAP of the Republic of China (Taiwan). The substantive contents of all
documents and information provided to the Agent shall be true, correct and complete. 
 In providing the financial reports, the Borrower and
(or) the Corporate Guarantor shall provide the Agent with original copies or electronic files thereof (the Agent may choose to provide only electronic files of such reports to each Syndicated Bank). The Borrower and (or) the Corporate Guarantor
hereby authorize the Agent to forward all financial reports that they provide to the Syndicated Banks. 

  
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 If the Corporate Guarantor’s shares are listed in a securities
exchange acceptable to the Agent, the obligation to provide the Agent with financial reports in accordance with this paragraph shall be changed to the provision of accountant-audited consolidated financial report within 3 months from the end of each
accounting year and the provision of accountant-reviewed consolidated financial report within 60 days from the end of each quarter. 
  

	3.	 Financial Covenants 

The Corporate Guarantor undertakes to maintain the following financial ratios and requirements during the Period of Existence of this
Agreement: 
  

	 	(1)	 Liquidity ratio [liquid asset / liquid debt]: 3 100%.

  

	 	(2)	 Debt ratio [total debt / shareholder equity]: £ 180%.

 Unless otherwise provided in this Agreement, the accounting terms used in each clause are defined in accordance with the
GAAP of the Republic of China (Taiwan). The above financial ratios and standards shall be based on the Corporate Guarantor’s annual or second-quarter consolidated financial report audited or reviewed by an accountant acceptable to the Agent and
shall be computed once every 6 months starting from the second-quarter consolidated financial report of 2019. 
 If the Corporate Guarantor
breaches any financial ratio or requirement under this paragraph, the Corporate Guarantor shall make rectification (calculated based on the Corporate Guarantor’s accountant-audited or reviewed consolidated financial report) before the following
review date (hereinafter the “Rectification Deadline”). Failure to make rectification before the Rectification Deadline shall not be deemed a breach. However, starting from the day following the Rectification Deadline (i.e., October 1
or June 1 after the submission of the relevant financial report, or a shorter review date in accordance with the previous paragraph after the Corporate Guarantor’s shares are listed) until the date of rectification, a monthly compensation
shall be charged at 0.25% per annum (calculated based on 365 days a year, with any period shorter than one month calculated as one month) on the balance of outstanding principle under this Credit Facility, which shall be paid to the Agent on the
Interest Date and forwarded to the Syndicated Banks in accordance with the Credit Risk Sharing Ratios. In case of two consecutive failures to meet the above financial ratios or requirements, unless it constitutes other Events of Breach, such failure
shall still not be deemed an Event of Breach. However, the Corporate Guarantor shall submit specific financial improvement measures (including but not limited to capital increase in cash) to the Agent. 

 

	4.	 Declaration and Other Materials 

The Borrower and the Corporate Guarantor shall provide the Agent with the following documents: 

 

	 	(1)	 When the Corporate Guarantor provides its annual or second-quarter financial report in accordance with
paragraph 2 of this Article, the Borrower and the Corporate Guarantor shall also submit declarations where the Borrower shall declare that (i) to its knowledge, there is no Event of Breach that has occurred or is continuing; if any Event of
Breach has occurred and is not remedied or is continuing, the nature of the event shall be specified together with the contemplated measures, and (ii) all declarations and warranties made in accordance with this Agreement are correct, and the
Corporate Guarantor shall declare that its financial status is consistent with the financial ratios and requirements under paragraph 3 of this Article. The declarations in accordance with this subparagraph shall be in the forms of Attachment 14-1 and Attachment 14-2, respectively. 

  

	 	(2)	 Provide financial or other relevant information as soon as possible in accordance with reasonable requests of
the Agent. 

  
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	5.	 Property Inspection and Accounting Books and Records 

The Borrower and the Corporate Guarantor shall put in place and keep proper records and accounting books, vouchers and entries in a complete,
truthful and correct manner in accordance with the GAAP. The Borrower and the Corporate Guarantor also agree to accept financial audit on (the purpose of) this Credit Facility, inspection of information such as their properties, business, operating
status, main shareholder structures and assets, as well as the reviewing, summarizing and photocopying of relevant books, statements (including financial statements of affiliates), vouchers and documents by the Agent or its designated
representatives during business hours. The Agent or its designated representatives and the employees, staff and accountants thereof shall also be allowed to discuss the business, operation, property, finance and other situations of the Borrower and
the Corporate Guarantor. The Agent and the Syndicated Banks may ask the Borrower and (or) the Corporate Guarantor to fill out and submit the above financial and relevant information regularly, with all the fees borne by the Borrower. 

 

	6.	 Company and Asset Maintenance 

The Borrower and the Corporate Guarantor shall maintain the legal existence of their companies, shall keep all rights, authorizations,
approvals, licenses, permits, properties and assets legal and valid and shall continue their operations in normal and ordinary manners. The Borrower and the Corporate Guarantor shall make timely payments of statutory taxes, annual fees,
administrative charges, etc., in compliance with all laws and regulations of the relevant government authorities, except if remedy proceedings have been filed in accordance with the law and proper reserves have been provided for in accordance with
the applicable GAAP. 
 The Borrower’s Parent and the Corporate Guarantor shall provide the Agent with photocopies of receipts of annual
administrative charges or proof of existence from the local governments where they are registered every year to show that they are companies that continue to exist legally and validly. 

 

	7.	 Asset Maintenance and Proper Insurance 

The Borrower and the Corporate Guarantor shall exercise the due care of good administrators in the proper maintenance and servicing of their
assets to maintain good conditions thereof and normal operation of the companies. 
 The Borrower and the Corporate Guarantor shall purchase
insurance of various types from reputable insurers for company assets in accordance with the amounts and scopes of insurance generally purchased by companies engaged in similar types of business or having similar assets and shall maintain such
insurance during the Period of Existence of this Agreement. 
  

	8.	 Shareholder Advance 

During the Period of Existence of this Agreement, if the Borrower’s Parent and (or) the Corporate Guarantor receives a shareholder advance
due to insufficient operating capital or other reasons, the Borrower shall acquire the Shareholder Advance Claim Subordination Affidavit in the form of Attachment 15 from the shareholder of the Borrower’s Parent and (or) Corporate Guarantor
that made the advance, agreeing that the claim from its advance shall be subordinated to the claim of the Banking Syndicate from this Credit Facility and that the interest rate of the advance shall not be higher than the lowest loan interest rate of
this Credit Facility for any current or subsequent loan in the same currency. 
 If the Borrower fails to repay principal, interest or other
amounts payable in full on time in accordance with this Agreement, the Borrower’s Parent and (or) the Corporate Guarantor shall not repay the shareholder advance from their shareholders, except if such shareholders subsequently capitalize such
shareholder advances. 

  
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	9.	 Claim Subordination 

The Borrower or the Borrower’s Parent shall ensure that a pledge on the Repayment Account is created for the benefit of the Agent in
accordance with Article 6, paragraph 1 of this Agreement and the Agent, acting in the capacity of a joint creditor and in the common interest of the Syndicated Banks, is entitled to first-priority security interest. In addition to such security
interest, the Banking Syndicate’s claim under this Agreement shall rank at least pari passu with the Borrower’s other unsecured creditors, except for priorities granted by the law. 

 

	10.	 Due Performance and Debt Repayment 

The Borrower shall duly cooperate and comply with all declarations, undertakings, guarantees and conditions provided in this Agreement and
relevant documents and shall ensure the truthfulness and completeness thereof. 
 The Borrower shall repay all its indebtedness (including
but not limited to taxes) on the due date of this Credit Facility or any other amount or when this Credit Facility is deemed fully due in accordance with this Agreement due to delay, breach or other reasons. 

 

	11.	 Compliance with Applicable Laws 

The Borrower and the Corporate Guarantor shall duly comply with applicable laws, including but not limited to laws related to environmental
protection, pollution prevention and waste management, and shall acquire necessary approvals or permits from the relevant competent authorities. 

The Borrower and the Corporate Guarantor shall acquire, update and maintain the permits, licenses, consents and approvals required in relation
to their business in accordance with the laws of the time and shall send photocopies of such documents to the Agent upon its request. 
  

	12.	 Other Security 

If the value of any collateral provided to the Banking Syndicate in accordance with Article 6 of this Agreement depreciates or if the
collateral has any defect in entitlement or is involved in any dispute, the Borrower shall give immediate written notice to the Agent and shall add or replace collateral acceptable to the Agent during the period required by the Agent. Upon partial
or full replacement of the collateral, the Borrower shall create a pledge or other security interest on the collateral after replacement for the benefit of the Agent or make up the difference with other collateral acceptable to the Agent. 

 

	13.	 GoStation/Negative Pledge 

 

	 	(1)	 During the Period of Existence of this Credit Facility, the Borrower shall not terminate, cancel or assign the
Lease Contract for a GoStation before acquiring the written consent of the Agent. 

  

	 	(2)	 Before initial drawdown, the Borrower’s Parent shall issue a Negative Pledge (in the form of Attachment
16) approved by resolution of its board of directors, undertaking that no security or encumbrance shall be created on any battery, GoStation, its ancillary facilities or power switch equipment and ancillary equipment owned by the Borrower’s
Parent or the Borrower for the benefit of any third party during the Period of Existence of this Credit Facility. 

  

	 	(3)	 The Borrower shall provide the Agent with a list of battery services that are still valid and existing in the
previous quarter in the beginning of each quarter. 

  
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	14.	 GoStation Insurance 

The Borrower and the Borrower’s Parent shall purchase full-amount insurance (including but not limited to theft insurance, fire insurance,
product insurance, etc.) that is consistent with the standards of the industry from insurers acceptable to the Agent for the batteries, GoStations, its ancillary facilities or power switch equipment and ancillary equipment, with the insurance cost
borne by the Borrower. 
  

	15.	 Shareholding Percentage 

During the Period of Existence of this Agreement, the Corporate Guarantor and the Personal Guarantor shall together directly and (or)
indirectly hold seventy-five percent (75%) of all outstanding shares or paid-in capital of the Borrower’s Parent at all times, except when the Borrower’s Parent diversifies its shareholding in order
to seek listing on a securities exchange acceptable to the Agent, provided that the Corporate Guarantor and the Personal Guarantor shall still maintain control over the operation of the Borrower and the Borrower’s Parent and the shareholding of
the Borrower’s Parent held by the Corporate Guarantor shall not be subject to any pledge or other security or incumbrance for the benefit of any third party. 
  

	16.	 Capital Increase in Cash 

The Corporate Guarantor undertakes to complete the procedure (which may be in several stages) of capital increase in cash with a total value
equivalent to no less than NT$4,800,000,000 before June 30, 2021, and shall provide the Agent with relevant documents showing that the capital increase in cash has been completed. 

 

	17.	 Notice of Major Events 

Upon occurrence of any of the following events, the Borrower and (or) the Guarantor shall give immediately written notice to the agent and
provide an explanation about the corresponding measures undertaken. However, this does not impact any right that may be exercised by the Agent or the Banking Syndicate in accordance with this Agreement, nor does it release the Borrower and (or) the
Guarantor of their obligations to be performed or complied with in accordance with the law or this Agreement. 
  

	 	(1)	 The Borrower, the Borrower’s Parent or the Corporate Guarantor passes any major investment plan (including
long-term equity investment) with single-transaction or accumulated amount exceeding NT$300,000,000 or the equivalent in other currencies, other than in accordance with applicable laws or confidentiality agreement already signed by the
Borrower’s Parent or the Corporate Guarantor before the signature of this Agreement; 

  

	 	(2)	 Any change to the nature of business or the name, company organization, articles of association, specimen seal
or signature, representative, representative’s scope of authority, director, supervisor or major shareholder holding ten percent (10%) or more of the total outstanding shares of the Borrower, the Borrower’s Parent or the Corporate
Guarantor; 

  

	 	(3)	 The Borrower, the Borrower’s Parent or the Corporate Guarantor sells, transfers, leases, encumbers, or
otherwise disposes of its assets with a single-transaction amount or accumulated amount within one year to the same counterparty or targets of the same nature exceeding NT$300,000,000 or the equivalent in other currencies; 

 

	 	(4)	 The Borrower, the Borrower’s Parent or the Corporate Guarantor is subject to any litigation, dispute,
arbitration or other similar legal proceeding pending in any court, arbitration institution, government authority or other institution with an amount exceeding NT$300,000,000 or the equivalent in other currencies; 

  
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	 	(5)	 The Guarantor serves as director, supervisor or other person with representation right in the Borrower’s
Parent and in the event of resignation, dismissal or other removal. 

  

	 	(6)	 Material adverse changes in the business, operation, property, finance or other aspect of the Borrower, the
Borrower’s Parent or the Corporate Guarantor, or any other event that has an impact on the creditworthiness or the contract performance ability of the Borrower and (or) the Guarantor; or 

 

	 	(7)	 Any Event of Breach under this Agreement. 

 

	18.	 Negative Covenants 

The Borrower, the Borrower’s Parent or the Corporate Guarantor agree to not directly or indirectly engage in any of the following during
the Period of Existence of this Credit Facility unless a resolution is passed by the Majority Syndicated Banks in advance and the Agent has issued a written consent: 
  

	 	(1)	 Signature or performance of any contract for any merger, split, partnership, joint venture, amalgamation or
consolidation that is outside the ordinary course of business, except in the case of a merger where the Borrower’s Parent or Corporate Guarantor is the remaining company and the merger does not have an adverse impact on the ability to repay
debt. 

  

	 	(2)	 Changes or any acts that create major changes to the operation, scope or nature of business, company
organization form or shareholding structure. 

  

	 	(3)	 Sale, lease, security or encumbrance, assignment or other disposal of all or major assets or business to any
other person, except for lease to the Borrower or an affiliate of the Borrower’s Parent defined by the Company Act or collateral other than under this Credit Facility in the ordinary course of business of the Borrower or the Borrower’s
Parent and daily transactions permitted by the law. 

  

	 	(4)	 Engagement of major investment plan outside the ordinary course of business (such as any plan to purchase or
dispose of assets). 

  

	 	(5)	 Transaction with any other person with unfavorable terms that deviates from general normal commercial
transactions and creating an adverse impact on the ability to perform this Agreement. 

  

	 	(6)	 Lending of company funds to others, except for lending of funds between the Corporate Guarantor, Gogoro Taiwan
Limited, Gogoro Taiwan Sales and Services Limited and the Borrower/the Borrower’s Parent. 

  

	 	(7)	 Direct or indirect undertaking of responsibility for others through debt undertaking, provision of guarantee,
endorsement or otherwise, except guarantee or endorsement between the Corporate Guarantor, Gogoro Taiwan Limited, Gogoro Taiwan Sales and Services Limited and the Borrower/the Borrower’s Parent. 

 

	 	(8)	 Failure to repay the principal, interest and other amounts payable in full and on time in accordance with this
Agreement and repayment of shareholder advance to the shareholder. 

  

	 	(9)	 Reduction of paid-in capital or distribution of assets or equity to
shareholders, except share repurchase (including treasury shares) in accordance with the law, capital reduction following repurchase or redemption of one’s own shares and subsequent cancellation in accordance with the law or capital reduction
to compensate losses. 

  
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	 	(10)	 Upon occurrence of an Event of Breach or Potential Event of Breach, issuance of cash dividend or distribution
of dividend or bonus through issuance of new shares. 

  

	19.	 Loss of Debt Certificate 

If any instrument, document or any other certificate of indebtedness owed under this Agreement provided by the Borrower and (or) the Guarantor
to the Syndicated Banks, the Arrangers and (or) the Agent in accordance with this Agreement is misplaced, lost, damaged, stolen, forged, altered or otherwise rendered invalid due to transmission, accident, disaster, force majeure or other unexpected
event, or if the computer system that processes the business of the Syndicated Banks, the Arrangers and (or) the Agent cannot function normally due to force majeure or any event that is not imputable to the Syndicated Banks, the Arrangers and (or)
the Agent, the Borrower and (or) the Guarantor agree that the books, vouchers, computer generated forms, debt certificates, photocopies of correspondence, microfilms or manually prepared documents of the Syndicated Banks, the Arrangers and (or) the
Agent shall prevail. If requested by the Syndicated Banks, the Arrangers and (or) the Agent, the Borrower and (or) the Guarantor shall provide alternative certificates or re-sign new instruments or debt
certificates in the same format and with the same substance, and shall cooperate with the Syndicated Banks, the Arrangers and (or) the Agent to carry out the procedures of loss declaration and payment suspension required by applicable laws and shall
repay the relevant indebtedness in the manner provided in this Agreement. 
  

	20.	 Debt Certificate and Signature 

 

	 	(1)	 This Agreement is signed by the Borrower and the Guarantor under legal authorization. Neither the Borrower nor
the Guarantor shall deny the validity of this Agreement based on the reason that the specimen seal or signature on this Agreement was stolen or forged. 

  

	 	(2)	 Any instrument issued, guaranteed or endorsed by the Borrower and (or) the Guarantor and held by the Syndicated
Banks, the Arrangers and (or) the Agent due to this Credit Facility are prepared by the Borrower and (or) the Guarantor under legal authorization. If the specimen seal or signature of the Borrower and (or) the Guarantor is stolen or forged and if
the instrument holder is in good faith, the Borrower and (or) the Guarantor shall be liable for all losses incurred. 

  

	 	(3)	 In case of changes in the name, organization, articles of association, specimen seal, representative,
representative’s scope of authority of the Borrower and (or) the Guarantor or any other event that may impact the interest of the Syndicated Banks, the Arrangers and (or) the Agent, a written notice about such change shall be given to the Agent
and an application shall be filed with the Agent to change or cancel the specimen seal or signature previously provided. 

  

	 	(4)	 Before notice is given and the procedure for change or cancellation of the previous specimen seal or signature
is completed under the previous subparagraph, the Borrower and (or) the Guarantor shall be liable for all transactions made between the Borrower and (or) the Guarantor and any other party to this Agreement, provided that, in the event that the
specimen seal or signature is stolen or forged, the losses shall be handled in accordance with subparagraphs (1) and (2) above. 

  

	21.	 Information Collection and Use 

The Borrower/the Borrower’s Parent, the Corporate Guarantor and its representative, and the Personal Guarantor (hereinafter the
“Personal Data Subjects”) agree to the following in relation to the collection, processing, use, international transmission (hereinafter the “Collection and Use”) of their information related to this Agreement by the Syndicated
Banks, the Agent, the Arrangers and other relevant institutions: 

  
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	 	(1)	 The Syndicated Banks, the Agent and (or) the Arrangers may, in accordance with the Personal Data Protection Act
and (or) relevant legislations subsequently revised and implemented, (i) exchange credit verification and financial information required for credit facility activities, (ii) carry out businesses and services between banks,
(iii) perform obligations under this Agreement or exercise rights under this Agreement, the Security Documents and security interest, (iv) perform operational management to the necessary extent (including but not limited to matters for the
purpose of compliance with law, cooperation with financial supervision, management, inspection and other legislative requirements, client management and internal control, research of statistics and surveys, execution of money laundering prevention
and global crackdown and investigation on terrorists, etc.), (v) entrust the processing of relevant matters to others, and (vi) collect basic identification information, credit verification investigative reports, credit facility information
(including payment delay, collection and bad debt records), deposit information, financial information, information on collateral and other personal or real properties, instrument credit information, personal credit information, credit card
(including IC card and magnetic card) credit information, credit card merchant credit information and other personal information related to credit transactions in accordance with the “Specific Purpose and Type of Personal Data under the
Personal Data Protection Act”) published by the Ministry of Justice and to the extent of specific purposes of financial activities related to credit activities (hereinafter collectively, “Personal Data”). 

 

	 	(2)	 In addition to their own collection and use, the Syndicated Banks, the Arrangers and (or) the Agent may also
provide the information to their parent (headquarters) or other subsidiaries (branches), assignee of its financing interest or person sharing its risk (including any person who contemplates to be assigned such interest or to share such risk and its
relevant advisors), claim appraisal or audit personnel or other personnel permitted by law, recipients of internationally transmitted personal data without restriction by central competent authority of the relevant industry, financial supervisory
authority or authority with investigation right in accordance with the law, Joint Credit Information Center, Taiwan Clearing House, credit guarantee institutions, Small and Medium Enterprise Credit Guarantee Fund of Taiwan, Financial Information
Service Co., Ltd. and other relevant institutions designated by the Ministry of Finance or the Financial Supervisory Commission or having dealings with other parties to this Agreement (including financial holding companies affiliated with each
Syndicated Bank and their subsidiaries and affiliates), any person that contemplates to merge with any Syndicated Bank, any other person that contemplates to engage in any similar transaction with any Syndicated Bank, entrusted institutions,
investors (or potential investors), arrangers, trustee institutions or other relevant personnel in the transaction of asset securitization (or transactions with substantially the same economic effect) initiated by a Syndicated Bank, as well as any
third party engaged by the Banking Syndicate, the Arrangers and (or) the Agent to provide litigation, collection, professional consulting or other services for claims under this Credit Facility and the agents and users thereof, for such entities and
their agents and users to collect and use the Personal Data of the Personal Data Subjects. These institutions may provide all information of the Personal Data Subjects they have to other parties to this Agreement and their attorneys, appraisers and
other professional institutions for collection and use (the Syndicated Banks, the Arrangers, the Agent, the above institutions and other units or persons who use the information hereinafter individually or collective, the “Data User”).

  

	 	(3)	 The period of the above use of Personal Data is the period of existence of the specific purposes of the
collection and use of such Personal Data, the retention period stipulated by applicable laws or the retention period required by the Data User for the performance of this Agreement. The territory of use is the domestic or overseas places where the
Data Users are located and the business places of other relevant institutions having dealings with the parties to this Agreement. The manner of use is collection and use through electronic equipment or machinery with reasonable and feasible
scientific technologies at the time of collection and use and other non-automated manners of collection and use. 

  
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	 	(4)	 The Personal Data Subjects may ask to verify or view their personal data, ask to supplement, correct, prepare
duplicate copies of their Personal Data or ask to delete, stop the collection or use of their Personal Data. However, during the Period of Existence of this Agreement and after expiry of such period, if the Personal Data Subject asks to delete and
stop the collection and use of its Personal Data that is used by the Data User to perform matters related to this Agreement or that is required for its business activities, the Data User may refuse such request. 

 

	 	(5)	 The Borrower/the Borrower’s Parent and the Corporate Guarantor shall urge their representatives (including
subsequent replacement representatives) to agree to the above provisions about the collection and use of data. 

  

	 	(6)	 Any consent already given by a Personal Data Subject allowing the Data User to use its Personal Data shall
continue to be valid to the extent that it is not in conflict with this Agreement. 

 In addition to collecting and using
information related to Personal Data Subjects in accordance with this paragraph, each Syndicated Bank, the Agent and the Arrangers shall also comply with the confidentiality obligations under Article 48, paragraph 2 of the Banking Act. 

 

	22.	 Legal Compliance 

In accordance with the legislations applicable to the Agent and (or) the Syndicated Banks, the Borrower/the Borrower’s Parent and
Guarantor agree to the following during the Period of Existence of this Credit Facility: 
  

	 	(1)	 Provide the Know Your Customer (KYC) documents or Customer Due Diligence (CDD) documents required by the
Syndicated Banks. 

  

	 	(2)	 In accordance with the requirements of financial institutions related to the Foreign Account Tax Compliance Act
(FATCA) of the United States, the Borrower/the Borrower’s Parent and Guarantor shall sign or provide relevant documents as reasonably required by the Agent and (or) the Syndicated Banks and carry out relevant matters in accordance with
applicable laws. 

  

	 	(3)	 In accordance with the requirements of financial institutions related to the Common Reporting Standards (CRS)
and due diligence, the Borrower/the Borrower’s Parent and Guarantor shall sign or provide relevant documents as reasonably required by the Agent and (or) the Syndicated Banks and carry out relevant matters in accordance with applicable laws.

 Article 10 Breach 
  

	1.	 Event of Breach 

Any of the following events constitutes an Event of Breach: 
  

	 	(1)	 The Borrower fails to pay on time any principal, interest, advanced guarantee amount, guarantee fee, fees of
any kind of any other amounts payable provided in this Agreement or relevant contracts. 

  

	 	(2)	 The Issuer fails to perform any payment obligation for commercial paper issued in accordance with this
Agreement. 

  

	 	(3)	 Any of the Borrower’s and (or) the Guarantor’s declarations, warranties, guarantees or any
information in this Agreement or relevant documents or any statement they provided is false, concealing or omissive. 

  
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	 	(4)	 The Borrower and (or) the Guarantor fail to comply with, fail to perform or breach any conditions, undertaking
or agreement under this Agreement or any relevant contract or document (breach of financial covenant shall be handled in accordance with Article 9, paragraph 3 of this Agreement). 

 

	 	(5)	 The Borrower and (or) the Guarantor (to the extent of the applicability of its nature to the Guarantor)
petitions (applies for) business suspension, dissolution, bankruptcy, settlement under bankruptcy law, reorganization, liquidation, relief, debt cleanup, debt negotiation or any other similar legal proceeding in accordance with the Bankruptcy Act,
the Company Act or other laws, seeking to acquire release or suspension of their responsibility to repay debt; or assigns their assets for the interest of third parties; or any litigation or legal proceeding is filed against the Borrower and (or)
the Guarantor, clearly having an impact on their abilities to repay the loan; or the Borrower and (or) the Guarantor is unable (or has recognized in writing that they are unable) to pay debt that is due; or the Personal Guarantor has petitioned for
rehabilitation or liquidation in accordance with the Consumer Debt Cleanup Act. 

  

	 	(6)	 There is any judgment, arbitral award or administrative sanction/order to the disfavor of the Borrower and (or)
the Guarantor, which may have a material impact on their abilities to perform the contract, or the Borrower and (or) the Guarantor has received a confirmed judgement from the court or other authorities to their disfavor and has not made payment in
accordance with such judgment. 

  

	 	(7)	 The Borrower closes its business, or suspends its business due to operating difficulties, or suspends business
for more than 30 consecutive days due to reasons other than operating difficulties, or the business is suspended for an aggregate of more than 60 days in any year for reasons other than operating difficulties. 

 

	 	(8)	 The Borrower fails to create a pledge on the Repayment Account for the benefit of the Agent in accordance with
Article 6, paragraph 1 of this Agreement, or the Agent, in its status as joint creditor, fails to acquire or loses for any reason the security interest under this Agreement for the common interest of the Banking Syndicate; or any part of the
Security Documents under this Agreement is invalid or unenforceable, or any collateral provided in accordance with this Agreement is subject to provisional seizure, provisional disposition or other security measures, enforcement or other similar
proceedings, which are not removed within 14 days. 

  

	 	(9)	 When additional collateral should be provided in accordance with Article 9, paragraph 12 of this Agreement, the
Borrower fails to provide collateral acceptable to the Agent within the period required in writing by the Agent. 

  

	 	(10)	 Any registration, government permit, approval or license related to the performance of obligations under this
Agreement or for the operation of the Borrower and (or) the Corporate Guarantor (including but not limited to license or approval related to electric motorcycles) is nullified, revoked, seriously restricted or cannot be acquired, or there is any
material breach which is not rectified before the deadline as required by the competent authority. 

  

	 	(11)	 The credit funds acquired by the Borrower in accordance with this Agreement are used for any actual funding
purpose that is inconsistent with the purpose agreed under this Agreement. 

  

	 	(12)	 Any government authority forfeits, confiscates, nationalizes or undertakes other measures against the security
under this Agreement or against all or major assets of the Borrower and (or) the Guarantor, causing the Borrower and (or) the Guarantor to become unable to perform the obligations related to this Agreement. 

  
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	 	(13)	 The Borrower and (or) the Guarantor fails to pay taxes in accordance with the law, creating a major impact on
their operation or financial status, except if administrative remedy proceedings have been filed in accordance with the law and proper reserves have been provided for in accordance with the GAAP. 

 

	 	(14)	 The main properties of the Borrower and (or) the Guarantor are subject to provisional seizure, provisional
disposition or other security proceeding, seizure, forfeiture, enforcement or auction, or are subject to any administrative sanction or any order of forfeiture or other similar proceedings by any government authority, which are not removed within 14
days. 

  

	 	(15)	 The Borrower, the Borrower’s Parent and (or) the Guarantor has any event of breach in relation to any
other financing or indebtedness acquired from any financial institution (including but not limited to cross default caused by other direct or contingent indebtedness), or any event of breach in relation to any guarantee provided for financing
indebtedness owed by others, or the Borrower and (or) the Guarantor has any event of material breach to other third parties. 

  

	 	(16)	 The Borrower, the Guarantor and (or) their representative issued any instrument that is rejected for payment or
the Borrower, the Guarantor and (or) their representative is blacklisted by a clearing house. 

  

	 	(17)	 The financial status, business or operation of the Borrower, the Borrower’s Parent and (or) the Guarantor
or the major shareholders or management structure of the Borrower’s Parent suffers material adverse changes, creating an impact on the Borrower’s repayment ability 

 

	2.	 Determination of Event of Breach 

Unless otherwise provided in this Agreement, whether an Event of Breach has occurred shall be determined by the Agent, provided that, if deemed
necessary by the Agent or requested by the Syndicated Banks, a meeting of the Syndicated Banks may be convened or a written enquiry may be sent to the Syndicated Banks for the determination to be made through Resolution of Majority Syndicated Banks.
During the period of determination of the Event of Breach, the Agent may suspend the Borrower’s drawdown of any credit limit. 
 If any
Event of Breach listed under the previous paragraph is granted any rectification or resolution period by this Agreement, drawdown shall be suspended during such period. If the Resolution of Majority Syndicated Banks deems that the event has a
material impact on the Borrower’s ability to perform this Agreement, it shall be immediately deemed a breach. 
  

	3.	 Effect of Event of Breach 

If an Event of Breach occurs under this Agreement, the Borrower’s right to draw down the Credit Limit shall immediately and automatically
stop and no further drawdown shall be allowed unless it is agreed by Resolution of Majority Syndicated Banks. The Agent shall swiftly give written notice to the Borrower and the Guarantor. If the Resolution of Majority Syndicated Banks decides to
file claims against the Borrower and (or) the Guarantor, the Agent shall follow the written instructions based on the Resolution of Majority Syndicated Banks and undertake all or part of the following measures: 

 

	 	(1)	 Give written notice to the Borrower and the Guarantor that all amounts payable to each Syndicated Bank and (or)
the Agent in accordance with this Agreement are immediately and fully due and the Borrower and the Guarantor shall immediately repay such amounts; 

  
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	 	(2)	 The Issuer shall immediately pay cash as repayment reserve into the special-purpose account designated by the
Agent in an amount equivalent to the balance amount of guarantee liability that is drawn down and not yet released under the Tranche C Facility in order to perform guarantee and (or) to make payment. After the guarantees and (or) payment
responsibilities owed by the Tranche C Banks expire or are released, the remaining funds, if any, after deduction of all indebtedness and fees to be borne by the Issuer, shall be returned to the Issuer without interest; 

 

	 	(3)	 Exercise all rights acquired on the collateral in accordance with this Agreement and use the proceeds from
enforcement against each relevant collateral to set off against all amounts outstanding owed by the Borrower; 

  

	 	(4)	 Exercise the Agent’s right on the promissory note in accordance with this Agreement and claim payment from
the Borrower and (or) the Guarantor; 

  

	 	(5)	 Exercise other rights granted by the law, this Agreement, each Security Document and other relevant documents,
without further presentation, demand, certificate of refusal or any notice. To the maximum extent permitted by law, the Borrower and the Guarantor agree to waive the right to require each Syndicated Bank or the Agent to present such presentation,
demand, certificate of refusal or any notice, unless otherwise provided in this Agreement; 

  

	 	(6)	 Other manners of handling agreed by the Resolution of Majority Syndicated Banks. 

If the Agent and (or) the Syndicated Banks are allowed to exercise their rights against the Borrower and (or) the Guarantor in accordance with
this Agreement, the Borrower and the Guarantor agree that the Agent and (or) the Syndicated Banks may follow the Regulations Governing Internal Operating Systems and Procedures for the Outsourcing of Financial Institution Operation published by the
competent authority and the Guidelines for Outsourced Collection of Claims Receivable by Financial Institutions established by the Bankers Association of the Republic of China and (or) other applicable laws and entrusted the collection related to
this Credit Facility for processing. 
 All procedures and proceedings following delay breach related to this Credit Facility, including but
not limited to the handling or sale of claims, disposal or sale of collateral, etc., may be determined by Resolution of Majority Syndicated Banks, which shall be binding on the full Banking Syndicate. 

 

	4.	 Setoff and Lien 

  

	 	(1)	 In case of any Event of Breach, the Borrower and (or) the Guarantor agree that all deposits with the Syndicated
Banks and (or) the Agent and all claims against the Syndicated Banks and (or) the Agent shall be deemed due, even if the repayment period has not yet expired. Each Syndicated Bank and (or) the Agent may exercise the right of setoff thereon. The
setoff shall take effect retrospectively from the time of setoff entry in the Syndicated Banks’ and (or) the Agent’s accounts after the setoff notice issued by the Syndicated Banks and (or) the Agent is delivered or deemed delivered to the
Borrower and (or) the Guarantor. At the same time, any deposit certificate, passbook or other proof issued by the Syndicated Banks and (or) the Agent to the Borrower and (or) the Guarantor shall cease to be valid to the extent of the setoff. Also,
if the Borrower and (or) the Guarantor has any other property deposited with the Syndicated Banks and (or) the Agent, or if the Syndicated Banks and (or) the Agent receive any payment on behalf of the Borrower and (or) the Guarantor and deposit
funds into their account with the Syndicated Banks and (or) Agent on their behalf, such Syndicated Banks and (or) the Agent may withhold, set off or deposit the funds into the special-purpose account designated by the Agent in accordance with the
law and, to the extent permitted by law, use the funds to set off the indebtedness owed by the Borrower and (or) the Guarantor under this Agreement. 

  
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	 	(2)	 If the Borrower’s and (or) the Guarantor’s deposits are fixed-term deposits, even if such deposits
are not yet due, each Syndicated Bank and (or) the Agent may terminate the deposit agreement to set off against the indebtedness under this Agreement. The above setoff shall not impact the Borrower’s and (or) the Guarantor’s other
remaining rights against each Syndicated Bank and (or) the Agent based on the above deposits (including fixed-term deposits) and claims. 

  

	 	(3)	 If the deposits under the previous paragraph are check deposits, the Borrower and (or) the Guarantor understand
and agree that, when this Credit Facility is deemed fully due and payable in accordance with this Agreement, it constitutes one of the conditions of cancellation under the check deposit agreement signed with each Syndicated Bank and (or) the Agent.
Upon completion of such cancellation condition, such check deposit agreement shall automatically cease to be valid and the Agent and (or) the Syndicated Banks may use the amounts to be returned to the Borrower and (or) the Guarantor to set off
against the indebtedness owed by the Borrower and (or) the Guarantor to the Agent and (or) the Syndicated Banks. 

  

	 	(4)	 If other creditors of the Borrower and (or) the Guarantor or any government authority exercises provisional
seizure, provisional disposition or other security measures or enforcement or other similar legal action against any deposit or other claims of the Borrower and (or) the Guarantor in or against any Syndicated Banks and (or) the Agent, the deposits
or claims actually enforced upon the balance amount of credit outstanding under this Agreement shall be deemed accelerated and due, without requiring any notice or demand by such Syndicated Bank and (or) the Agent, nor any Resolution of Majority
Syndicated Banks, and such Syndicated Bank and (or) the Agent may use such deposits or other claims to set off against the Borrower’s and (or) the Guarantor’s indebtedness deemed accelerated and due in accordance with the above or deposit
them into the special-purpose account designated by the Agent and, to the extent permitted by law, set off the funds against the Borrower’s and (or) the Guarantor’s indebtedness under this Agreement. Unless otherwise provided in this
Agreement, the above formulated acceleration does not constitute an Event of Breach under paragraph 1 of this Article. 

  

	 	(5)	 Upon setoff, if the deposits and claims of setoff are in different currencies, setoff shall take place after
conversion based on the foreign exchange rate for each currency published by the Syndicated Banks and (or) the Agent exercising the right of setoff at the time of the setoff. 

 

	5.	 Order of Setoff 

The funds acquired by the Agent and (or) the Syndicated Banks from the exercise of their rights in accordance with this Agreement and each
Security Document shall (i) first be used to pay all costs (including but not limited to the Agent fee) incurred by the Agent from the exercise of its rights under this Agreement, each Security Document and relevant contracts and not yet paid
by the Borrower; (ii) then be used to pay all fees, breach penalties and interest (including delay interest) payable and not yet paid by the Borrower to each Syndicated Bank and the Agent in accordance with this Agreement; (iii) then be
distributed by the Agent in proportion to the Credit Risk Sharing Ratio in accordance with the nature of each payment and in accordance with relevant provisions of this Agreement (if there is no clear stipulation in this Agreement, the Agent will
make decisions based on its reasonable judgment). 
 Article 11 Fees and Costs 
  

	1.	 Fees 

The Borrower shall pay fees in accordance with the following: 
  

	 	(1)	 Commitment Fee 

  

	 	i.	 Tranche A Facility: As of the drawdown deadline for the Tranche A Facility, if the actual amount of drawdowns
under the Tranche A Facility has not reached 65% of the Available Limit under such Tranche Facility, the Borrower shall pay a commitment fee based on a fee rate of 0.25% on the shortfall. The commitment fee shall be paid to the Agent in one lump sum
within 5 Business Days after the drawdown deadline for the Tranche A Facility and shall be forwarded to the Tranche A Banks in accordance with their Commitment Ratios. 

  
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	 	ii.	 Tranche B Facility: As of the drawdown deadline for the Tranche B Facility, if the actual amount of drawdowns
under the Tranche B Facility has not reached 65% of the Available Limit under such the Tranche Facility, the Borrower shall pay a commitment fee based on a fee rate of 0.25% on the shortfall. The commitment fee shall be paid to the Agent in one lump
sum within 5 Business Days after the drawdown deadline for the Tranche B Facility and shall be forwarded to the Tranche B Banks in accordance with their Commitment Ratios. 

 

	 	iii.	 Tranche C Facility: During each 3-month period starting from the date
of expiry of a 12-month period from the Initial Drawdown Date of this Credit Facility until the date of expiry of the Credit Period of this Credit Facility, if the Borrower’s actual average drawdown
balance under the Tranche C Facility does not reach 60% of the Available Limit of the Tranche C Facility, the Borrower shall pay a commitment fee on daily basis based on a fee rate of 0.25% per annum on the shortfall. The commitment fee shall be
paid to the Agent at the end of each period and shall be forwarded by the Agent to the Tranche C Banks in accordance with their Commitment Ratios. 

  

	 	(2)	 Arranger Fee and Agent Fee: The Borrower shall pay the arranger fee (including participation fee) to the
Arrangers and the participation fee shall be forwarded by the Arrangers to the Syndicated Banks. The Borrower shall also pay the agent fee to the Agent, in the amount and manner to be further negotiated by the Borrower, the Arrangers and the Agent.
Each Syndicated Bank agrees that, during the Period of Existence of this Credit Facility, even if an Event of Breach has occurred, the Agent shall still have the right to continue charging the Agent fee based on the original agreement with the
Borrower. 

  

	 	(3)	 Revision and Waiver Processing Fee: Other than revisions to the terms and conditions of this Agreement is
necessary due to any change of the law or the interpretation of the law by the competent authority or revisions made pursuant to the request of the Banking Syndicate, upon each application filed by the Borrower for any revision of the terms and
conditions of this Agreement or for any waiver of any Event of Breach or performance of obligation under this Agreement, regardless of whether such application is approved by the Banking Syndicate or a Resolution of Majority Syndicated Banks (as
provided in this Agreement), the Borrower shall pay the Agent a processing fee of NT$50,000 and shall also pay to the Agent a processing fee of NT$20,000 for each Syndicated Bank (including the Agent), to be forwarded by the Agent to each Syndicated
Bank. 

  

	2.	 Bearing of Legal Costs, etc. 

Legal costs incurred due to this Credit Facility (including but not limited to attorney’s fees and advisor’s fees), relevant contract
drafting and revision cost and costs incurred in relation to this Credit Facility before signature of this Agreement and during the Period of Existence (including but not limited to signing ceremony costs, costs of advisors engaged for the interest
of the Banking Syndicate, costs of debt assignment notice, etc.) shall be borne by the Borrower. Attorney’s fees and legal costs (including but not limited to litigation costs, costs to acquire enforcement order in accordance with the law,
enforcement costs, costs of participative distribution, arbitration costs, costs incurred from establishment of in-court or
out-of-court settlement or signature of settlement agreement and other relevant costs) incurred from any dispute in relation to this Credit Facility (including
litigation, enforcement, arbitration, settlement, etc.), regardless of whether the dispute occurred during the Period of Existence of this Agreement or after its termination, shall be borne by the Borrower, except if the court or arbitral judgment
confirms that any costs should be borne by the Banking Syndicate. 

  
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 The Borrower shall pay each of the above costs immediately upon notice
in accordance with the Agent’s request. 
 Article 12 Relationship among Agent, Arrangers and Syndicated Banks 

 

	1.	 Appointment 

Each Syndicated Bank hereby irrevocably selects the Agent to manage all matters related to this Credit Facility and to serve as the agent for
all securities under this Agreement and the holder and administrator of the promissory note. The Agent only performs these duties on behalf of the Banking Syndicate. Unless otherwise provided in this Agreement, the Agent is not the representative of
the Syndicated Banks or the Borrower, nor a trustee under a trust relationship. The Agent shall undertake measures for the benefit of the Syndicated Banks in accordance with this Agreement, exercise and perform the rights and obligations of the
Agent under this Agreement and other interests that are consistent with commercial practice and reasonable. In addition to the duties expressly provided in this Agreement, the Agent does not have any other obligation or responsibility, nor does it
tacitly agree to bear any other guarantee, indebtedness, liability or obligation to the Banking Syndicate. 
  

	2.	 Joint Claims 

Each Banking Syndicated is a joint creditor for the claims under this Credit Facility. However, other than the Agent, if any Syndicated Bank
wishes to exercise its joint claim against the Borrower and (or) the Guarantor, it must acquire the consent by the Resolution of Majority Syndicated Banks, except for the exercise of setoff right, lien or commingling. The amount or any other
interest acquired by the Agent or any Syndicated Bank based on the joint claims under this Credit Facility (including partial or full repayment interest acquired through the exercise of setoff right, lien or commingling) and any other costs shall be
shared by all Syndicated Banks in proportion to the Credit Risk Sharing Ratios. 
 If each Syndicated Bank has any event of setoff or lien
between the Borrower and (or) the Guarantor in accordance with Article 10, paragraph 4 of this Agreement, such Syndicated Bank shall act with the intention to enforce the Banking Syndicate’s claims and common interest. 

If any Syndicated Bank receives any amount or other interest from the joint claims under this Credit Facility (such as partial or full
repayment interest through exercise of setoff right, lien or commingling) and any other cost, such Syndicated Bank shall immediately pay such amount to the Agent within 3 Business Days from receipt of the amount for the Agent to distribute in
proportion to the Credit Risk Sharing Ratio. For the Borrower and the Syndicated Bank that received such amount originally, such amount shall be deemed unpaid and such Syndicated Bank shall remain entitled to all claims against the Borrower and
other relevant amounts (except the amount received from distribution of such amount by the Agent). 
  

	3.	 Independent Obligations of Banks 

The obligations of each Syndicated Bank under this Agreement are severable obligations and are limited by the scope and proportion of Tranche
Limit that each of them has committed. There are no joint liabilities among the Syndicated Banks in relation to the obligations under this Agreement. If any Syndicated Bank fails to perform its obligations, the other Syndicated Banks are not
released of their obligations, provided that the other Syndicated Banks are not obliged to be liable for the obligations of such Syndicated Bank. The Agent may (but is not obliged to) coordinate with the other Syndicated Banks to increase the limit
that is not performed by such Syndicated Bank, provided that the Syndicated Banks are not obligated to increase their limits. Also, the agent shall not be jointly liable for the portion that is not performed by the Syndicated Bank. 

  
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	4.	 Specific Duties and Obligations 

Unless otherwise provided in this Agreement, the specific duties and obligations of the Agent in accordance with this Agreement include the
following: 
  

	 	(1)	 The Agent shall distribute the amounts payable by the Borrower and (or) the Guarantor to the Syndicated Banks
in accordance with this Agreement and in relation to this Credit Facility to the Syndicated Banks in accordance with paragraph 8 of this Article. 

  

	 	(2)	 Give notice to the Syndicated Banks about the following as soon as possible: 

 

	 	i.	 Notices received by the Agent about this Credit Facility or other documents that seeks any action from the
Syndicated Banks; 

  

	 	ii.	 Documents received by the Agent that it deems important; 

 

	 	iii.	 Events of Breach known to the Agent. 

 

	 	(3)	 During the Period of Existence of this Agreement, the Agent shall provide financial, operating or other reports
or information provided by the Borrower to other Syndicated Banks for reference regularly or from time to time. 

  

	 	(4)	 Subject to the provisions of this Agreement, give legal and proper instructions to undertake or not undertake
any action or measure in accordance with the Resolutions of Majority Syndicated Banks or the unanimous consent of the Banking Syndicate. Such action or inaction shall be binding on the Banking Syndicate. 

 

	 	(5)	 In handling financing matters committed under this Credit Facility in accordance with this Agreement, if
according to the Borrower’s actual drawdown amount, the calculation of the distribution proportion by the agent cannot be consistent with the proportion under Attachment 1, the portion that cannot be distributed in accordance with the
proportion under Attachment 1 may be distributed based on the proportion that is determined by the Agent’s reasonable judgment, and the Syndicated Banks shall not voice any objection. 

 

	5.	 Duties by Engagement 

The Agent may perform its duties under this Agreement through its representatives or users and is also entitled to engage and enquire its
advisors about matters related to the duties. The Agent is not liable for the willful or negligent act of the representative or the user it selects, except if the Agent has acted willfully or with gross negligence in the selection of the
representative or user. 
  

	6.	 Disclaimer 

Neither the Arrangers nor the Agent shall be liable for any of their actions or inactions related to this Agreement unless they are willful or
grossly negligent. 
 None of the Arrangers, the Agent or any of their staff, directors, employees, representatives or users shall be liable
for any of the following: (1) Legal action or inaction by itself or any of the above persons in relation to this Agreement (except the Arrangers’ and (or) the Agent’s willful or grossly negligent act), or (2) Any explanation,
statement, expression, special commitment, declaration, guarantee or warranty about any justification, report or submission referred to or presented by the Borrower and (or) the Guarantor, in accordance with this Agreement or collected by the
Arrangers and (or) the Agent, or the value, validity, effect, genuineness, enforceability or sufficiency of any 

  
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 document related to this Credit Facility, or the Borrower’s failure
to perform its obligations. Neither the Arrangers nor the Agent have the obligation to any Syndicated Bank to confirm or challenge the Borrower and (or) the Guarantor about their compliance or performance of the provisions of this Agreement or other
relevant documents, or the status of such compliance or performance, or the investigation upon the Borrower’s and (or) the Guarantor’s properties, books and records. 

Unless agreed by the Banking Syndicate or instructed by the Resolution of Majority Syndicated Banks in accordance with this Agreement, neither
the Arrangers nor the Agent have any obligation to undertake any litigation or claim proceeding against the Borrower and (or) the Guarantor or any person in accordance with this Agreement or other relevant contracts. However, in security proceedings
to secure enforcement, the Arrangers or the Agent may exercise the same level of care as in the handling of their own affairs. Neither the Arrangers nor the Agent have the obligation to undertake any action that it deems will breach the laws of the
Republic of China (Taiwan) or other applicable laws based on its own reasonable judgment. 
 If any Syndicated Bank’s action or inaction
in breach of this Agreement causes damage to the Borrower and (or) the Guarantor, each relevant party shall bear its own liability and none of the Arrangers, the Agent or other Syndicated Banks shall be jointly liable. 

 

	7.	 Trust 

The Arrangers and (or) the Agent may reasonably trust that any communication such as memorandum, document, resolution minutes, notice, consent,
certification, affidavit, letter, telefax, telegram, fax, email, etc., that they deem genuine and correct and signed or made by the proper person and trust the opinions and statements by the legal advisors (including but not limited to the
Borrower’s advisors), independent accountants and the experts they select. The Agent is not obliged to make further verification of the details of each document or any other relevant matter. In executing all matters related to this Agreement,
the Agent may trust that the signatures and details of each relevant document it receives are valid, genuine and correct. Also, when the Agent gives notice or transfers funds to each Syndicated Bank, it may trust that the contact details and account
information of each Syndicated Bank listed in Attachment 1-1 of this Agreement are correct. 
 For
the Syndicated Banks: (1) Unless otherwise provided in this Agreement or the Agent receives a Resolution of Majority Syndicated Banks or notice from the Banking Syndicate in advance, or before the Agent receives from the Syndicated Banks
compensation for liabilities or costs that may occur due to its action or continued action in accordance with the Credit Risk Sharing Ratio (except liabilities or costs incurred due to the Agent’s willful or grossly negligent act), the
Agent’s action or refusal to act other than due to willful conduct or gross negligence shall be deemed fully justified, except acts of security undertaken to secure the claims, and (2) The action or
non-action of the agent in accordance with this Agreement based on Resolutions of Majority Syndicated Banks or instructions given by the Banking Syndicate shall be protected. The effect of such action or non-action based on the Resolutions of Majority Syndicated Banks or instructions given by the Banking Syndicate shall be binding on the Banking Syndicate. 

 

	8.	 Income Distribution 

Other than amounts that should be acquired by the Agent alone, unless otherwise provided in this Agreement, the principal repayment, interest,
guarantee, fee, delay interest, breach penalty, compensation, commitment fee, all costs and other amounts received by the Agent in accordance with this Agreement shall be forwarded to each relevant Syndicated Bank in accordance with the Credit Risk
Sharing Ratio at the time of receipt. Each Syndicated Bank shall issue a receipt for the amount actually received respectively to the Borrower or other relevant persons within 5 Business Days (except principal repayment). 

  
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 Confidential – Execution Version 

 
 The above amounts received by the Agent shall be distributed to each
Syndicated Bank in accordance with the following: 
  

	 	(1)	 If the Agent receives the amounts before 12 p.m. (inclusive) Taipei Time on a Business Day, the distribution
shall be made to the other Syndicated Banks on the same Business Day. 

  

	 	(2)	 If the Agent receives the amounts after 12 p.m. (inclusive) Taipei Time on a Business Day, the distribution
shall be made to the other Syndicated Banks on the following Business Day. 

 However, if there is a dispute about any of
the amounts received by the Agent, the Agent may forward the amounts to each Syndicated Bank after a longer processing period based on its reasonable judgment. 

In handling all matters related to the distribution of income of this Credit Facility, the Agent shall make distributions in accordance with
applicable provisions of this Agreement. However, if the actual calculation does not allow distribution in exactly the same proportions, the Agent may do so based on its reasonable judgment and no Syndicated Bank shall voice any objection. 

 

	9.	 Sharing of Costs 

All costs and losses incurred and suffered by the Arrangers and (or) the Agent, including but not limited to attorney’s fees and
litigation costs, enforcement costs or other legal costs incurred from the filing of a lawsuit or answering to a lawsuit by the Agent as a representative if any litigation arises due to this Credit Facility, shall be shared by each Syndicated Bank
in proportion to their Credit Risk Sharing Ratio. The portion that should be borne by the Syndicated Banks may be deducted by the Agent from the amounts to be received by the Syndicated Banks in accordance with paragraph 8 of this Article, However,
if a cost should be borne by the Borrower in accordance with the law or this Agreement, upon receipt of the amount, the Agent shall forward it to each Syndicated Bank in accordance with paragraph 8 of this Article. 

 

	10.	 Sharing of Credit Risk 

The Syndicated Banks shall share the credit risk in accordance with their Credit Risk Sharing Ratios in relation to the balance amount drawn
down and outstanding, amount of guarantee drawn down with guarantee liability not yet released and (or) guarantee amount advanced and outstanding under this Credit Facility. 
  

	11.	 Sharing of Security Interest 

All security interest provided in accordance with this Agreement shall be shared by the Syndicated Banks in accordance with their Credit Risk
Sharing Ratios. 
  

	12.	 Breach Notice 

Unless the Agent has received a notice of Event of Breach from the Syndicated Banks, the Borrower and (or) the Guarantor, stating that such
notice is a “notice of breach”, the Agent shall not be deemed to have learned or noticed the occurrence of any Event of Breach. If the agent receives such notice, it shall give notice to the Syndicated Banks. The Agent shall undertake
action against the Event of Breach in accordance with Article 10, paragraph 3 of this Agreement (including but not limited to convening a meeting of Syndicated Banks or issuing written enquiries to each Syndicated Bank). However, unless the Agent
receives instructions from the Banking Syndicate or Resolutions of Majority Syndicated Banks (as may be provided in this Agreement), the Agent may (but is not obliged to) undertake action or inaction against the Event of Breach in a proper manner
that it deems most favorable to the Banking Syndicate. 

  
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 Confidential – Execution Version 

 

	13.	 Independent Credit Verification and Investigation 

The Syndicated Banks are clearly aware that none of the Arrangers, the Agent or any staff, director, employee, representative or user makes any
statement or provides any guarantee to the Syndicated Banks. Also, no action undertaken by the Arrangers and (or) the Agent in accordance with this Agreement, including review of the Borrower’s and (or) the Guarantor’s affairs, shall be
deemed the Arrangers’ and (or) the Agent’s statement or guarantee to any Syndicated Bank. 
 The Syndicated Banks hereby represent
to the Arrangers and (or) the Agent that the Syndicated Banks make their judgments independently and do not rely on the Arrangers and (or) the Agent or other Syndicated Banks and that they have evaluated and investigated the Borrower’s and (or)
the Guarantor’s business, operation, property, finance and other situations and creditworthiness based on information and data they deem correct and have made their independent decisions to enter into this Credit Facility and sign this
Agreement. The Syndicated Banks continue their credit analysis, evaluation and decision as to whether to undertake or not undertake action in accordance with this Agreement based on correct information and data they have and will investigate the
Borrower’s and (or) the Guarantor’s business, operation, property, finance and other situations and creditworthiness as they deem necessary. 

Unless this Agreement expressly requires the Arrangers and (or) the Agent to provide the Syndicated Banks with notices, reports or other
documents, the Arrangers and (or) the Agent do not have the obligation or responsibility to provide Syndicated Banks with information about the Borrower’s and (or) the Guarantor’s business, operation, property, finance and other situations
and creditworthiness learned by the Arrangers and (or) the Agent or their staff, directors, employees, representatives or users. 
  

	14.	 Compensation 

The Syndicated Banks agree to compensate the Agent based on the Credit Risk Sharing Ratio any claim filed against the Agent or any liability,
obligation, loss, compensation, judgment, litigation, expense, cost or advance reasonably incurred at any time in the capacity of representative of the Syndicated Banks (to the extent not repaid by the Borrower, without restricting the
Borrower’s liability) due to any action or non-action in accordance with this Agreement, provided that the Syndicated Banks shall not be liable for any liability, obligation, loss, compensation, judgment,
litigation, expense, cost or advance incurred due to the Agent’s willful or grossly negligent act. This paragraph shall survive the repayment by the Borrower and (or) the Guarantor of this Agreement. 

 

	15.	 Return of Funds 

If the Agent has not received from the Borrower the funds due in accordance with this Agreement but the Agent has made distribution to the
Syndicated Banks, upon request by the Agent, such Syndicated Banks shall return such funds within 3 Business Days together with interest specified by the Agent as the cost of having distributed such funds during such period. If any funds should be
paid to the Borrower and distributed among the Syndicated Banks, upon the Agent’s request, such Syndicated Banks shall return the funds to the Borrower together with interest payable to the Borrower within 3 Business Days. Unless the Agent has
received notice from the relevant Syndicated Banks that they are unable to advance the loan in accordance with the Commitment Ratio one Business Day before the Drawdown Date, the Agent may trust that such Syndicated Banks will advance the loan
amounts as agreed and may (but is not obliged to) advance the loan amounts to the Borrower on time based on such trust, provided that the Agent is not obliged to advance the loan or any amount to the Borrower on behalf of any Syndicated Bank before
actual receipt of the loan amounts advanced by the relevant Syndicated Banks as agreed. If the Bank has advanced any loan amount to the Borrower that it has not yet received but should have received from the Syndicated Banks in accordance with this
Agreement, upon the Agent’s request, the Borrower shall return such funds together to the Agent with interest accrued in accordance with this Agreement within 5 Business Days from the advance. If the Agent suffers any damage, it may also seek
compensation from the Syndicated Banks that fail to provide the funds as agreed. 

  
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 Confidential – Execution Version 

 
 If any Syndicated Bank must return any portion of the amount already
received from the Borrower and already distributed by the Agent in accordance with paragraph 2 of this Article, the other Syndicated Banks shall provide the funds to the Agent so that the Agent may return the amount to such Syndicated Bank for
return to the Borrower (after deduction of the amount already distributed by the Agent from such amount to such Syndicated Bank). 
  

	16.	 Individual Capacity 

The Arrangers and (or) the Agent may grant other credit facility to, accept deposits from and engage in any transaction with the Borrower and
shall be deemed as a general financial institution and not the Arrangers and (or) the Agent under this Agreement. The Arrangers and (or) the Agent may exercise the same interest that may be exercised by any Syndicated Bank under this Agreement and
may generally exercise their rights as if they are not the Arrangers and (or) the Agent. The term “Syndicated Bank” here includes the Arrangers and (or) the Agent in their individual Capacity. 

 

	17.	 Successor Agent 

The Agent may resign by giving at least 90-day prior written notice to the Banking Syndicate and the
Agent agrees to resign upon the request of the Resolution of Majority Banking Syndicates. If the Agent gives resignation notice and a successor agent is designated by Resolution of Majority Syndicated Banks within 60 days, or if the successor agent
cannot be designated by Resolution of Majority Syndicated Banks within such period, the Agent shall designate a successor agent for the Banking syndicate and such successor agent shall take over the Agent’s rights, authorities and
responsibilities. At the same time, the term “Agent” shall refer to the successor agent after the handover and the previous agent’s rights, authorities and responsibilities shall automatically terminate upon takeover by the successor
agent. If the designated Syndicated Bank disagrees, then the Syndicated Bank with the largest credit claims under this Credit Facility (except the resigning Agent) shall be the successor agent. If there are two or more Syndicated Banks with the
largest credit claims, then the Syndicated Bank whose name is listed first in Attachment 1 to this Agreement shall be the successor agent. However, the previous agent may still continue to receive agent fee and other fees that are receivable but not
yet received during its term and this paragraph shall continue to be applicable to the acts of the previous agent before resignation. If the previous agent has pre-collected any agent fee, it shall be passed
on to the successor agent in proportion to the actual period of its term. 
  

	18.	 Meeting of Syndicated Banks 

Any Syndicated Bank may file a written request for the Agent to hold a meeting of Syndicated Banks within a reasonable period or for the Agent
to make enquiries by letter for written opinions of each Syndicated Bank, following the consent of the Majority Syndicated Banks, to discuss matters related to Events of Breach or other relevant matters under this Agreement. If deemed necessary by
the Agent, the Agent may also hold meetings of Syndicated Banks itself. 
 Article 13 Miscellaneous 

 

	1.	 Assignment 

This Agreement is binding on the successors, assignees or persons taking or obligations of each party in accordance with the law over the
rights the Borrower, the Guarantor, the Agent, the Arrangers and each Syndicated Bank, provided that neither Borrower nor the Guarantor shall assign any right or obligation under this Agreement to any third party. 

  
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 Confidential – Execution Version 

 
 Each Syndicated Bank may, based on the conditions of this Agreement,
sign Credit Limit Assignment Agreements in the form of Attachment 17 to assign its rights and (or) obligations under this Agreement to its affiliates, other financial institutions, asset management companies or other third parties, provided that
none of the other parties shall be impacted by such assignment. Such Syndicated Bank shall give written notice to the Agent, the Borrower and the Guarantor (but is not obliged to acquire the consent of the Agent, the Borrower, the Guarantor or other
parties to this Agreement). If the assignment is subject to approval by the relevant government authority, a written approval from each such competent authority shall be acquired before the assignment. Also, such assignment of rights and (or)
obligations shall not increase the cost or burden of the Borrower and (or) the Guarantor under this Agreement. For each assignment of all or part of the rights and (or) obligations, the Syndicated Bank shall pay to the Agent an assignment processing
fee of NT$500,000, except in the case of claim assignment due to merger of financial institutions. All provisions of this Agreement and any document under this Agreement shall be applicable to the Syndicated Bank and each individual successor and
assignee and shall be binding on the Borrower, the Guarantor and each individual successor. The successor or assignee of the original Syndicated Bank shall directly take over the rights and obligations under this Agreement and in the participation
of the syndicated credit and become a party to this Agreement and the syndicated credit without the original Syndicated Bank having to exercise any right. 

For the purpose of such assignment, the Borrower and the Guarantor agree that such Syndicated Bank may disclose any information that is already
provided to the Syndicated Bank to its potential or actual assignee, provided that such assignee shall only use such information for matters related to this Credit Facility and that such information shall not be disclosed to any other person or used
for any other purpose without the written consent of the Borrower and the Guarantor. 
 Each Syndicated Bank may enter into risk sharing
agreements with others without notice to the Borrower, the Guarantor or the other parties. Such person participating in the sharing of the risk shall have no voting right in this Credit Facility and such risk sharing shall not increase the cost or
tax burden of the Borrower and (or) the Guarantor under this Agreement. Any costs incurred from the risk sharing agreement shall be solely borne by the relevant Syndicated Bank. When the person participating in the risk sharing exercises any right
or performs any obligation under this Agreement and (or) any Security Document, it shall still do so through the relevant Syndicated Bank in the name of such Syndicated Bank, and the person participating in the risk sharing shall not make any claim
against the Borrower or the Guarantor based on the risk sharing agreement or this Agreement. 
 If a Syndicated Bank entrusts its assets or
assigns its claims for the purpose of securitization of financial assets, the Borrower and the Guarantor agree that the Syndicated Bank may make a public announcement in lieu of notice. That is, the Syndicated Bank shall not be obliged to give
further notice or send proof of public announcement to the Borrower and (or) the Guarantor. 
  

	2.	 Revision and Exemption 

Unless otherwise provided in this Agreement, the revision to any clause of this Agreement or any waiver in relation to any Event of Breach or
the performance of any obligation shall be subject to the consent of the Majority Syndicated Bank, the Agent, the Borrower and the Guarantor, which shall be given together in writing. All parties shall also be bound by such revision or waiver,
provided that any revision to the rights or obligations between the Agent and the Syndicated Banks or any revision that is not directly related to the Guarantor shall only require the consent of the Agent and Resolution of Majority Syndicated Banks
before it is done in writing and no consent from the Borrower or Guarantor shall be required (although a written notice shall still be given to the Borrower and the Guarantor). Any written revision or waiver made by the Agent in accordance with the
instructions of the Resolution of Majority Syndicated Banks shall be binding on all Syndicated Banks, provided that any revision or waiver in relation to the following is subject to the prior written consent of the full Banking Syndicate: 

 

	 	(1)	 Any changes related to the credit limit, drawdown deadline, Credit Period, increase or decrease of interest
(fee) rate or the Committed Limit of any Syndicated Bank under this Credit Facility, or any changes to the currency of payment, payment amount or the due date of any amount payable under this Agreement. 

  
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 Confidential – Execution Version 

 

	 	(2)	 Any voluntary or mandatory prepayment or prepayment in kind, except in accordance with Article 3, paragraphs 5
and 6 of this Agreement. 

  

	 	(3)	 Any in-court or out-of-court settlement or mediation with the Borrower and (or) the Guarantor for any indebtedness related to this Agreement. 

 

	 	(4)	 Return or release of any security under Article 6 of this Agreement or any changes to the details of the
security, release or replacement of Guarantor, except otherwise provided in this Agreement. 

  

	 	(5)	 Amendment to the definition of Majority Syndicated Banks or to this paragraph. 

For any matter that is decided by the Banking Syndicate or Resolution of Majority Syndicated Banks in accordance with this Agreement, the Agent
may engage in all necessary acts on their behalf. The Syndicated Banks hereby authorize the Agent to sign all such revision or waiver documents in the Agent’s name and on behalf of the Syndicated Banks, including but not limited to addendums.

  

	3.	 No Waiver 

No delayed exercise or non-exercise of any rights or any claims for compensation by the Agent, the
Arrangers or any Syndicated Bank shall constitute a waiver. No partial exercise of rights or claims by the Agent, the Arrangers or any Syndicated Bank shall prevent it from exercising any other rights or claims. 

 

	4.	 Notice 

Any notice or request in accordance with this Agreement shall be done in writing and shall be delivered to the parties in the following manner:
If sent by registered mail, it shall be deemed delivered 3 days after it is sent by mail with postage prepaid; if delivered personally, upon delivery; if sent by fax, deemed delivered after it is sent and after a reply confirmation is received. Any
notice given by the Agent in accordance with this Agreement may be sent by email. Notice sent by email shall be deemed delivered after it is sent and if no message about anomaly in the reception is received from the other party. If the notice
specifies that a reply may be made by email, the person receiving the notice may also reply by email. The contact details of each party are those listed in Attachment 1-1 of this Agreement or as last notified
in writing. All contact, notice or request between the Borrower and (or) the Guarantor and each Syndicated Bank shall be done through the Agent. 

In case of any changes to the contact details of the Borrower and (or) the Guarantor, a swift written notice shall be given to the Agent. In
case of any changes to the contact details of the Syndicated Banks, a written notice shall be given to the Borrower through the Agent. If such notice is not given, the Agent may give notice of relevant documents in the manner provided in this
paragraph based on the contact details listed in this Agreement or last known to the Agent and such notice shall be deemed delivered after the period provided in this paragraph. 

 

	5.	 Exchange Rate 

Unless otherwise provided in this Agreement, if any provision of the Agreement involves exchange-rate calculation, the calculation shall be
made based on the Agent’s closing spot mid-price rate 2 Business Days before the date of exchange. 

  
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 Confidential – Execution Version 

 

	6.	 Conflict 

In case of conflict between any provision of this Agreement and the provision of any attachment to this Agreement or any other relevant
document, the provisions of this Agreement shall prevail. 
  

	7.	 Severability 

If any clause of this Agreement is adjudicated as invalid by any judicial authority or competent authority, such clause shall be automatically
adjusted to meet the requirements starting from the time when such adjudication is confirmed. The adjusted clause shall be deemed an original clause of this Agreement. If any invalid clause cannot be adjusted in such manner due to its nature, such
clause shall be deleted and shall be deemed excluded from this Agreement from the very beginning, provided that, in all circumstances, the other clauses of this Agreement shall continue to be valid and their legality and enforceability shall not be
impacted. 
  

	8.	 Place of Performance 

Unless otherwise provided in this Agreement, the place of performance of this Agreement is the place of business designated by the Agent. 

 

	9.	 Governing Law and Jurisdiction 

The interpretation and application of this Agreement are governed by the laws of the Republic of China (Taiwan). The parties agree that any
litigation related to this Agreement shall be subject to the first-instance jurisdiction of the Taiwan Taipei District Court, except for exclusive jurisdiction provided by the law. 

 

	10.	 Application of Applicable Laws and Charters 

In addition to the agreed terms and conditions under this Agreement, applicable laws and all existing and future charters of the Syndicated
Banks and the Bankers Association of the Republic of China are deemed integral parts of this Agreement, which shall be complied with by the Borrower and the Guarantor. 
  

	11.	 Money Laundering Prevention and Counter-Terrorist Financing Clause 

In response to and to comply with regulations of the Agent, the Arrangers and (or) the Syndicated Banks and the competent authorities about
money laundering and counter-terrorist financing, the Borrower understands and agrees to the following: 
  

	 	(1)	 The Borrower and its substantial owners, senior managers, account parties of interest (such as agents,
representatives, authorized persons, etc.) and transaction counterparties are referred to collectively as “Parties of Interest” in this paragraph. 

  

	 	(2)	 If the Agent, the Arrangers and (or) the Syndicated Banks deem that there may be a breach of applicable laws
(including but not limited to money laundering prevention, counter-terrorism, economic or trade sanction related laws) based on their reasonable judgment, other than the requirements under applicable laws, none of the Agent, the Arrangers or the
Syndicated Banks is obliged to undertake or not undertake any action. The Borrower shall provide relevant information required for the Syndicated Banks’ response to and compliance with any country’s money laundering, counter-terrorism,
economic or trade sanction related laws pursuant to the request of the Syndicated Banks. The Borrower also agrees that the Agent, the Arrangers and (or) the Syndicated Banks may disclose such information to the relevant government competent
authority or court of any country or in accordance with the requirement of the applicable laws of any country, on the condition that there shall be no breach of the laws of the Republic of China (Taiwan). 

  
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 Confidential – Execution Version 

 

	 	(3)	 If the Borrower or any of its Persons of Interest becomes an individual, corporate entity or organization
subject to designated sanctions under the Counter-Terrorism Financing Act or terrorist or terrorist group determined or pursued by any foreign government or international organization, the Agent and (or) the Syndicated Banks may refuse business
dealings or may terminate business relationship forthwith or restrict the Borrower’s transactions related to this Credit Facility. 

  

	 	(4)	 When the Agent and (or) the Syndicated Banks perform review or post-loan activities regularly or from time to
time in accordance with applicable regulations, if the Borrower refuses to cooperate with the review and provide explanations about the nature and purpose of the transaction or the source of funds, or refuses to provide information about the Persons
of Interest or the persons exercising control over the Borrower or any other relevant information, or if deemed necessary by the Agent (such as to control risk, or the Borrower’s involvement in unlawful activities, suspected money laundering or
accounts related to special cases involving breach of law as reported by the media, etc.), the Agent and the (or) the Syndicated Banks may temporarily suspend transaction or suspend or terminate the business relationship. 

 

	 	(5)	 The Borrower shall not seek compensation from the Agent and (or) the Syndicated Banks for any damage or loss
incurred due to the above events. 

  

	12.	 Copies 

This Agreement is signed in 22 original copies. Each of the Borrower, the Guarantor, each Syndicated Bank and the Agent shall hold one copy.
There may be multiple duplicate copies. 
 The parties hereby declare that they have reviewed all the above terms and conditions during a reasonable period
and have signed this Agreement through their respective authorized persons or representatives on the date first indicated above. 
 (no text
after this line) 

  
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 Confidential – Execution Version 

 
 Borrower and Issuer: 

Gogoro Energy Network (Cayman), Taiwan Branch 
 Representative:
Pang, Ching-Lun 
 Gogoro Energy Network 

Representative: Director Hok-Sum Horace Luke 

Guarantor: 
 Gogoro Inc. 

Representative: Director Hok-Sum Horace Luke 

Guarantor: 
 Hok-Sum
Horace Luke 
 Passport No.: 642430562 
 Address: 11F, Building
C, No. 225, Section 2, Chang’an East Road, Songshan District, Taipei City 

  
 - 50 - 

 Confidential – Execution Version 

 
 Arranger, Agent and Syndicated Bank: 

Mega International Commercial Bank Co., Ltd. 
 Authorized
Signatory: 
 Arranger and Syndicated Bank: 
 Mega
International Commercial Bank Co., Ltd. 
 Authorized Signatory: 

Arranger and Syndicated Bank: 
 Mega Bills Finance Co., Ltd. 

Authorized Signatory: 
 Taiwan Cooperative Bank Ltd. 

Authorized Signatory: 
 Taiwan Business Bank, Ltd. 

Authorized Signatory: 

  
 - 51 - 

 Confidential – Execution Version 

 
 First Commercial Bank Co., Ltd. 

Authorized Signatory: 
 Chang Hwa Commercial Bank, Ltd. 

Authorized Signatory: 
 Syndicated Bank: 

China Bills Finance Corporation 
 Authorized Signatory: 

Syndicated Bank: 
 Grand Bills Finance Corporation 

Authorized Signatory: 

  
 - 52 - 

 Confidential – Execution Version 

 
 Syndicated Bank: 

International Bills Finance Corporation 
 Authorized Signatory:

 Syndicated Bank: 
 Taishin International Bank Co., Ltd. 

Authorized Signatory: 
 Syndicated Bank: 

E.SUN Commercial Bank, Ltd. 
 Authorized Signatory: 

Syndicated Bank: 
 Taipei Fubon Commercial Bank Co., Ltd. 

Authorized Signatory: 

  
 - 53 - 

 Confidential – Execution Version 

 
 Syndicated Bank: 

Bank SinoPac 
 Authorized Signatory: 

Syndicated Bank: 
 EnTie Commercial Bank 

Authorized Signatory: 
 Syndicated Bank: 

Taiwan Shin Kong Commercial Bank Co., Ltd. 
 Authorized Signatory:

 Syndicated Bank: 
 Far Eastern International Bank, Co., Ltd.

 Authorized Signatory: 

  
 - 54 - 

 Confidential – Execution Version 

 
 Syndicated Bank: 

Ta Ching Bills Finance Corporation 
 Authorized Signatory: 

Syndicated Bank: 
 Taiwan Cooperative Bills Finance Corporation

 Authorized Signatory: 

  
 - 55 -

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