Document:

Summary of Investment Agreement

 Exhibit 10.10 
 Summary of General Investment Agreement dated June 25, 2004, as amended by Supplemental Agreement dated December 6, 2005 and Second Supplemental Agreement dated November 1, 2006 
 Parties to the Agreement 
  

	 	•	 	 Shanghai Zizhu Science-based Industrial Park Development Co., Ltd. (“Zizhu Development”) 

  

	 	•	 	 BCD Semiconductor Manufacturing Limited (“BCD Cayman”) 

  

	 	•	 	 BCD (Shanghai) Semiconductor Manufacturing Limited (“BCD Shanghai”) 

 Project 
  

	 	•	 	 The establishment by BCD Cayman of a wholly foreign owned enterprise, BCD Shanghai, in PRC, which will construct wafer fab facilities (including two eight-inch
wafer manufacturing facilities and packaging and testing facilities) with a total investment amount of US$1 billion 

 Conditions Precedent

  

	 	•	 	 The wafer fabs and testing and packaging factory to be built by BCD Shanghai must be registered with the Administration of Industry and Commerce and Tax Bureau
within Shanghai Zizhu Science-based Industrial Park (“Park”) with a continuous operation period of more of 10 years. 

  

	 	•	 	 BCD Cayman’s commitment to establish BCD Shanghai and implement the plan described in this agreement is conditioned on Zizhu Development’s commitment to
secure use right to the land for the project. 

 Organization Structure 
  

	 	•	 	 BCD Cayman shall register and establish in the Park a new legal entity before July 31, 2004, with its taxation registration in the Park. BCD Shanghai intends
to invest a total US$1 billion, with the first phase amount of US$300 million and the registered capital amount of US$100 million. 

  

	 	•	 	 BCD Shanghai’s business scope shall include the design, manufacture, package, test and sale of the integrated circuit and other related services in the Park.

 Land 
  

	 	•	 	 BCD Cayman and BCD Shanghai shall develop fully the plot of land located to the south of Dongchuan Road, north of Zixing Road, east of Huan Road, and west of
Danshui River, with area of 109,808.8 square meter. 

  

 1 

	 	•	 	 The land use right shall be registered under BCD Shanghai’s name and owned by BCD Shanghai, with a use term of 50 years. 

  

	 	•	 	 The land shall only be used for BCD Shanghai’s project under this agreement. BCD Cayman shall not transfer or lease the granted land use right to any third
party or do any commercial or resident development on the land without the written consent of Zizhu Development. 

  

	 	•	 	 Zizhu Development shall be responsible for approximately RMB 4,920,210 of the land use right grant premium. 

  

	 	•	 	 BCD Shanghai shall be responsible for approximately RMB 27,334,500 of the land use right grant premium. 

 Construction Schedule 
  

	 	•	 	 BCD Shanghai undertakes that the construction shall commence in the fourth quarter of 2005. BCD Shanghai also undertakes that within 2 years after its official
possession of the land use right, BCD Shanghai shall fully develop the land, substantially complete the construction of the factory building of BCD Shanghai, except in the case of an event of force majeure. 

 Financing 
  

	 	•	 	 The Minhang District Government and Zizhu Development shall mediate and arrange for financial institutions to provide financing for BCD Cayman’s construction
of BCD Shanghai’s manufacturing facility. The loan shall be used to construct BCD Shanghai’s manufacturing facility, power plants and clean rooms, with a total amount of US$70 million. 

  

	 	•	 	 Minhang District Government shall provide a subsidy equal to two percentage points of the interest on the above-mentioned construction loan.

 Financial Support 
  

	 	•	 	 Zizhu Development shall use best effort to cause the real estate developer affiliated with the Park’s shareholders to offer housing to BCD Shanghai employees
at a preferential whole-sale price. 

  

	 	•	 	 Zizhu Development shall provide other financial incentives related to BCD Shanghai’s employees. 

  

	 	•	 	 Zizhu Development shall pay BCD Shanghai RMB 27,334,500 as support for BCD Shanghai’s construction. 

  

 2 

	 	•	 	 Within one year after the end of BCD Shanghai’s first profitable tax year, if Zizhu Development assists BCD Shanghai in obtaining RMB 32,254,710 of financial
support, BCD Shanghai shall return to Zizhu Development the RMB 27,334,500 in support it received from Zizhu Development; otherwise, BCD Shanghai has no obligation to return the support fee. 

  

	 	•	 	 Zizhu Development shall ensure that BCD Shanghai be granted all privileges and incentive policies from the Shanghai Municipal Government that similar companies in
the same industry receive. 

 Human Resource Service 
  

	 	•	 	 Zizhu Development shall assist BCD Cayman to establish long-term collaborative relationship with local universities. 

  

	 	•	 	 Zizhu Development can assist BCD Shanghai free of charge with procedures in areas such as transferring non-Shanghai resident employees to Shanghai and applying for
Shanghai resident permits, processing of mandatory social insurance, housing fund and supplemental commercial insurance. 

 Service
Mechanism 
  

	 	•	 	 Zizhu Development shall form a project service group specifically for BCD Shanghai and designate a dedicated project manager to assist BCD Shanghai with solving
problems that may arise. 

  

	 	•	 	 Zizhu Development shall form a customs coordination team specifically for BCD Shanghai to establish accelerated customs declaration channel and expedited import and
export customs declaration procedures. 

 Default 
  

	 	•	 	 If BCD Shanghai has not fully developed the land within 2 years after its official possession of the land use right, Zizhu Development reserves the right to revoke
the land use right and the preferential policy BCD Shanghai enjoys. If the land use right cannot be transferred to Zizhu Development, BCD Shanghai or BCD Cayman shall compensate Zizhu Development for the total sum of the land use right grant premium
(including all land use right grant premium paid by Zizhu Development and BCD Shanghai), and any relevant losses (including but not limited to capital interest and occupation fee). 

 Applicable Laws 
  

	 	•	 	 The parties agree that this agreement shall be governed by and construed in accordance with the laws of the PRC, and that any dispute arising out of, or related to,
this agreement shall be subject to the laws of the PRC. 

  

 3Guaranty Agreement between Agricultural Bank of China, SIMIC and SIM-BCD

 Exhibit 10.11 
 Guarantee Agreement 
 Agricultural Bank of China 
  

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	 Creditor:
	 	Agricultural Bank of China Shanghai Xuhui Sub-branch
		
	 Debtor:
	 	Shanghai SIM-BCD Semiconductor Manufacturing Co., Ltd.
		
	 Guarantor:
	 	Shanghai SIMIC Electronics Co., Ltd.
		
	 Date:
	 	March 3, 2007

 WHEREAS, Debtor and Creditor will enter into a series of credit agreements (each, a “Main
Agreement,” collectively, “Main Agreements”) subject to the provisions on the duration and maximum guarantee amount in Section I of this Agreement. Guarantor agrees to provide guarantee (the “Guarantee”)
for Debtor’s indebtedness to Creditor under the Main Agreements. Pursuant to the relevant laws and regulations in China, the parties now enter into this Agreement. 
 Section I. Guaranteed Obligations and Maximum Guarantee Amount 
  

	 	1.	Guarantor agrees to guarantee Debtor’s obligations towards Creditor incurred from March 3, 2007 to March 2, 2008 (the “Debt Period”) up to RMB
60,000,000 (the “Maximum Guarantee Amount”). Obligations denominated in foreign currencies shall be converted at the selling rates on the date of the transactions. The maturity date of any of the obligations incurred during the
Guarantee Period shall be no later than March 2, 2009. The types of obligations thus guaranteed are: RMB/foreign currency loan, commercial draft discount, acceptance of bank draft, issuance of letter of credit without or with reduced deposit,
export financing, import financing, export packing finance and bank guarantee. 

  

	 	2.	Subject to the Debt Period and the Maximum Guarantee Amount, Debtor can apply to use the above bank credit facilities in a revolving manner. The commencement date, the maturity
date, the interest and the amount will be determined based on the Main Agreements or relevant proof of credit. 

  

	 	3.	Subject to the Debt Period and the Maximum Guarantee Amount, no other Guarantee procedures will be necessary when Creditor provides Debtor with loans and other credit facilities as
specified in this Agreement. 

  

	 	4.	Subject to the Debt Period and the Maximum Guarantee Amount, Guarantor shall guarantee each obligation of Debtor towards Creditor in its original currency, regardless of what that
may be. 

 Section II. Scope of Guarantee 
 The Guarantee applies to principal, interest, penalty interest, compound interest, penalty for breach, damages and litigation expenses, attorney fees and any other costs incurred by Creditor in enforcing its rights. Guarantor agrees to be
jointly and severally liable for any amount exceeding the Maximum Guarantee Amount as a result of exchange rate fluctuation. 
  

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 Section III. Form of the Guarantee 
 The Guarantee is joint and several. If there are more than one guarantor under this Agreement, the guarantors are jointly and severally liable. 
 Section IV. Guarantee Period 
  

	 	1.	Guarantor’s Guarantee period for any obligation ends two years after the maturity date of such obligation. 

  

	 	2.	Guarantee period for acceptance of bank draft, issuance of letters of credit without or with reduced deposit and bank guarantee ends two years after Creditor assumes such
obligation. 

  

	 	3.	Guarantee period for commercial draft discount ends two years after the maturity date of such discounted commercial draft. 

  

	 	4.	If Creditor and Debtor agree to extend the maturity date of a guaranteed obligation set forth in a Main Agreement, the Guarantee period for that obligation is extended to two years
after the new maturity date of that obligation. 

  

	 	5.	If the maturity of a guaranteed obligation set forth in a Main Agreement is accelerated by Creditor as required by laws, regulations or the Main Agreement, the Guarantee period ends
two years after the new accelerated maturity date. 

 Section V. Guarantor’s Commitments 
  

	 	1.	Guarantor shall provide true, complete and valid financial statements and other related data and information. 

  

	 	2.	If Debtor defaults on its obligations, Guarantor agrees to perform its guarantee obligation. 

  

	 	3.	If Guarantor fails to perform, Creditor has the right to debit the relevant amount from any of Guarantor’s accounts. 

  

	 	4.	Guarantor shall inform Creditor in writing within 5 days upon the occurrence of the following with respect to Guarantor: 

  

	 	1)	Changes in affiliation relationships, senior management, charter documents, and organizational structure; 

  

 Page 3 of 5 

	 	2)	Suspension of business, closure of business, cancellation of registration, revoking of business license; 

  

	 	3)	Deterioration of financial status, material difficulties in operation and production or material litigation or arbitration event; 

  

	 	4)	Change in name, address, legal representative, and contact information; or 

  

	 	5)	Any other events adverse to Creditor’s interest. 

  

	 	5.	Guarantor shall give Creditor 15 days’ written notice and obtain Creditor’s written consent before it engages in the following activities: 

  

	 	1)	Capitalization restructuring or operating system change, including, but not limited to, contracting, lease, shareholding reform, affiliating, merge, acquisition, split-off,
establishment of joint venture, transfer of assets, application for suspension of business for restructuring, application for dissolution, and application for bankruptcy; or 

  

	 	2)	Guaranteeing for a third party or mortgaging or pledging its major assets in favor of itself or a third party, which may affect Guarantor’s ability to perform under this
Agreement. 

 6. For any obligation of Debtor’s that is secured by property, Guarantor agrees to perform its guarantee
obligation before the security is foreclosed to satisfy Creditor’s claims. 
 7. If either Debtor or Guarantor breaches any provision of
a Main Agreement or this Agreement, Creditor has the right to declare the maturity of the indebtedness guaranteed by this Agreement, in which case Guarantor shall be jointly and severally liable for the repayment of all such indebtedness.

 Section VI. Breach 
 Both Creditor and Guarantor shall
perform their obligations under this Agreement once it becomes effective. Any non-performing party shall be liable for damages caused to the other party. 
 Section VII. Dispute Resolution 
 Any disputes under this Agreement may be solved by negotiation or litigation at the courts at
Creditor’s location. 
 During the period of litigation, the non-disputable provisions of this Agreement shall still be performed. 
  

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 Section VIII. Miscellaneous 
  

	 	1.	Guarantor shall keep itself informed of Debtor’s operation status, its incurrence of indebtedness as specified in this Agreement and performance of obligations as referred to
in this Agreement. The Main Agreements, proof of borrowing and proof of lending are not delivered to Guarantor. 

  

	 	2.	If the sum of all obligations as provided in Section II exceeds the Maximum Guarantee Amount, Guarantor shall remain jointly and severally liable for all such obligations.

 Section IX. Effectiveness 
 This
Agreement becomes effective upon the parties’ signing or affixing their seals. 
 Section X This Agreement shall be executed in three
(3) counterparts with each party retaining one (1) counterpart. Each counterpart shall be deemed an original and together shall constitute one and the same instrument. 
 Section XI Reminder 
 Creditor has reminded Guarantor to fully and accurately interpret the provisions in this
Agreement, and has provided explanations at Guarantor’s request. All parties to this Agreement have agreed upon the meaning therein. 
  

					
	Creditor (stamp)	  	Guarantor (stamp)	  	
			
	Person in charge	  	Legal Representative	  	
	or Authorized agent	  	or Authorized agent	  	

  

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