Document:

Form of Subscription Agreement

 EXHIBIT 10.3 

SUBSCRIPTION AGREEMENT 

Sterling Financial Corporation 
 111 North Wall
Street 
 Spokane, WA 99201 
 Ladies
and Gentlemen: 
 The undersigned (the “Investor”) hereby confirms its agreement with you as follows:

 1. This Subscription Agreement (the “Agreement”) is between Sterling Financial Corporation, a Washington corporation (the
“Company”), and the Investor listed on the signature page hereto and is made as of the date of the Company’s acceptance hereof (the “Acceptance Date”). 

2. The Company is proposing to issue and sell to certain investors (the “Offering”) a fixed ratio of 40 to 1 shares of the
Company’s common stock, no par value per share, (the “Common Stock”), at a purchase price of U.S.$0.20 per share and shares of Series D Convertible Participating Voting Preferred Stock, no par value per share and U.S.$4.60
liquidation preference per share , of the Company (the “Series D Stock” and, together with the Common Stock, the “Shares”) at a purchase price of U.S.$92.00 per share. The Shares are being offered only to persons
who are accredited investors within the meaning of Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a private placement exemption from registration under the
Securities Act. 
 4. The Company and the Investor agree that, upon the terms and subject to the conditions set forth herein, the Investor will
purchase from the Company and the Company will issue and sell to the Investor, the number of Shares set forth below for the aggregate purchase price set forth below, pursuant to the Terms and Conditions for Purchase of Shares attached hereto as
Annex A and incorporated herein by reference as if fully set forth herein. The Shares purchased by the Investor will be delivered in certificated form, registered in the Investor’s name and address as set forth below, and will be released by
the American Stock Transfer & Trust Company, LLC, the Company’s transfer agent (the “Transfer Agent”), to the Investor at the Closing (as defined in the Terms and Conditions for Purchase of Shares). 

5. In agreeing to purchase Shares pursuant hereto, the Investor is making the representations and warranties set forth in the Terms and Conditions for
Purchase of Shares, including a representation and warranty that the Investor does not own Common Stock in excess of specified levels as set forth in Section 2.03(f). 
  

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 Aggregate purchase price of such shares:
$                                        

 Number of shares of Common Stock to be purchased equals 8% of the aggregate purchase price divided by U.S.$0.20, rounded down to the nearest
whole share 
 Number of shares of Series D Stock to be purchased equals 92% of the aggregate purchase price divided by U.S.$92.00, rounded down
to the nearest whole share 
 Please confirm that the foregoing correctly sets forth the agreement between us by signing in the
space provided below for that purpose. 
 [Signature Pages Follow] 

 

 -2- 

			
	Name of Investor:	 	  

			
		
	By:	 	  

			
	Print Name:	 	  

			
	Title:	 	  

			
	Mailing Address:	 	  

	  

	  

	
 

			
	Type of Entity:	 	  

			
	Jurisdiction of Organization:	 	  

			
	Tax ID No.:	 	  

			
	Contact Name:	 	  

			
	Telephone:	 	  

			
	Email Address:	 	  

			
	
	Wire instructions to wire funds to the Investor, in the event the Escrow Agent is required to return the funds of the Investor held in escrow.
	  

	  

	  

	
	
	Name under which share certificates should be issued (if different from above):
	  

	
	
	Address to which share certificates should be sent (if different from Mailing Address above):
                    
	  

	  

	  

	
	Affiliation with any other investor as described in Section 2.03(l) of the Terms and Conditions:
	  

	
	Current share ownership as described in Section 2.03(l) of the Terms and Conditions:
	  

	  

 

 -3- 

					
	  

	For investors in the Republic of Korea only, indicate the following:
	
	Name of agent for service of process:
	  

			
		 	 ̈	 	I am an accredited investor and professional investor, and I make the representation described in Section 2.03(c)(5)(i)
			
		 	 ̈	 	I am an accredited investor but not a professional investor, and I make the representation described in Section 2.03(c)(5)(ii)

 

 -4- 

			
	AGREED AND ACCEPTED:
	
	 Sterling Financial Corporation,

a Washington corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 -5- 

 INSTRUCTION SHEET FOR INVESTOR 

(to be read in conjunction with the entire Agreement) 

Complete the following items in the Agreement: 

1. Provide the information regarding the Investor requested on the signature page to the Agreement. The Agreement must be executed by an
individual authorized to bind the Investor. 
 2. If the Investor is purchasing Shares for more than one investor account, it
may either (i) complete a separate Agreement for each such account, in which case a separate wire transfer (or other acceptable forms of payment) must be made by or on behalf of such account for the Shares it will purchase and a separate
delivery of Shares will be made via the Transfer Agent to each account, or (ii) complete a single Agreement for all such accounts, in which case only one wire transfer (or other acceptable forms of payment) need be made for the Shares to be
purchased for all such accounts, but all such Shares will be delivered to a single account specified by the Investor and the information called for on the signature page hereof must be completed for each account. 

3. In the case of an Investor in the United States, return the signed Agreement to: 

Sandler O’Neill & Partners, L.P. 

Email: STSAsubscription@sandleroneill.com 

Barclays Capital Inc. 

Email: xraProjectSunshine@barclayscapital.com 

FBR Capital Markets & Co. 

Email: dfarrell@fbr.com 

In the case of an Investor in the Republic of Korea, return the signed Agreement to: 

KB Investment & Securities Co., Ltd. 

Email: kwontw@kbsec.co.kr 
  

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 4. Please note that all payments must be made in U.S. dollars and all wire transfers must be
sent to the following account, pursuant to Section 1.01(a)(i) or (ii) of the attached Terms and Conditions for the Purchase of Shares: 

JP Morgan Chase Bank 

ABA #: 021 000 021 

ACCT #: 323-059953 

Account Name: American Stock Transfer & Trust Co LLC, as agent for Sterling Financial Corp. FBO Investor 

An executed Agreement or a facsimile transmission thereof must be received by 8:00 A.M. New York time on such date as you are later advised. The Company
reserves all rights to reject any subscription before it is accepted by the Company. 
  

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 ANNEX A TO THE SUBSCRIPTION AGREEMENT 

TERMS AND CONDITIONS FOR THE PURCHASE OF SHARES 

TABLE OF CONTENTS 
  

			
	 ARTICLE 1 CLOSING AND DELIVERY OF SHARES AND FUNDS
	  	16
		
	 SECTION 1.01 CLOSING
	  	16
	 SECTION 1.02 CLOSING CONDITIONS
	  	18
	 SECTION 1.03 TREATMENT OF STOCK PLANS
	  	20
	 SECTION 1.04 DELIVERY
	  	21
		
	 ARTICLE 2 REPRESENTATIONS AND WARRANTIES
	  	21
		
	 SECTION 2.01 DISCLOSURE
	  	21
	 SECTION 2.02 REPRESENTATIONS AND WARRANTIES OF THE
COMPANY
	  	22
	 SECTION 2.03 REPRESENTATIONS AND WARRANTIES OF THE
INVESTOR
	  	43
		
	 ARTICLE 3 COVENANTS
	  	50
		
	 SECTION 3.01 FILINGS; OTHER ACTIONS
	  	50
	 SECTION 3.02 CONDUCT OF THE BUSINESS
	  	51
	 SECTION 3.03 VOTING AGREEMENTS
	  	51
	 SECTION 3.04 FDIC FINAL STATEMENT OF POLICY ON
QUALIFICATIONS FOR FAILED BANK ACQUISITIONS
	  	52
	 SECTION 3.05 ADDITIONAL FILINGS
	  	52
		
	 ARTICLE 4 ADDITIONAL AGREEMENTS
	  	52
		
	 SECTION 4.01 LEGEND
	  	52
	 SECTION 4.02 RESERVATION FOR ISSUANCE
	  	54
	 SECTION 4.03 GROSS-UP RIGHTS
	  	54
	 SECTION 4.04 EXCHANGE LISTING
	  	56
	 SECTION 4.05 REGISTRATION RIGHTS
	  	56
	 SECTION 4.06 CONFIDENTIALITY AGREEMENT
	  	66
	 SECTION 4.07 ARTICLES OF AMENDMENT
	  	67
	 SECTION 4.08 NO CHANGE IN CONTROL
	  	67
	 SECTION 4.09 LISTING AUTHORIZATION
	  	67
	 SECTION 4.10 INDEMNITY
	  	67
	 SECTION 4.11 CONTINUED LISTING AUTHORIZATION
	  	70
	 SECTION 4.12 MOST FAVORED NATION
	  	70
	 SECTION 4.13 CERTAIN OTHER TRANSACTIONS
	  	70
	 SECTION 4.14 TRANSFER RESTRICTIONS
	  	71
	 SECTION 4.15 ADDITIONAL REGULATORY MATTERS
	  	72
		
	 ARTICLE 5 TERMINATION
	  	72
		
	 SECTION 5.01 TERMINATION
	  	72
	 SECTION 5.02 EFFECTS OF TERMINATION
	  	73
		
	 ARTICLE 6 MISCELLANEOUS
	  	73
		
	 SECTION 6.01 SURVIVAL
	  	73
	 SECTION 6.02 AMENDMENT
	  	73
	 SECTION 6.03 WAIVERS
	  	74

			
	 SECTION 6.04 COUNTERPARTS AND FACSIMILE
	  	74
	 SECTION 6.05 GOVERNING LAW
	  	74
	 SECTION 6.06 WAIVER OF JURY TRIAL
	  	74
	 SECTION 6.07 VENUE; APPOINTMENT OF AGENT FOR
SERVICE OF PROCESS
	  	74
	 SECTION 6.08 JUDGMENT CURRENCY
	  	75
	 SECTION 6.09 NOTICES
	  	75
	 SECTION 6.10 ENTIRE AGREEMENT, ETC.
	  	76
	 SECTION 6.11 OTHER DEFINITIONS
	  	76
	 SECTION 6.12 CAPTIONS
	  	79
	 SECTION 6.13 SEVERABILITY
	  	79
	 SECTION 6.14 NO THIRD PARTY BENEFICIARIES
	  	79
	 SECTION 6.15 TIME OF ESSENCE
	  	80
	 SECTION 6.16 CERTAIN ADJUSTMENTS
	  	80
	 SECTION 6.17 PUBLIC ANNOUNCEMENTS
	  	80
	 SECTION 6.18 NO RECOURSE
	  	80

  

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 LIST OF EXHIBITS 

 

			
	Exhibit A:	  	Form of Series D Certificate
	Exhibit B-1:	  	Form of Davis Polk & Wardwell LLP Opinion
	Exhibit B-2:	  	Form of Witherspoon, Kelley, Davenport & Toole, P.S. Opinion
	Exhibit B-3:	  	Form of Lee & Ko Opinion
	Exhibit C:	  	Form of Amendment to Company Articles of Incorporation

  

 -10- 

 INDEX OF DEFINED TERMS 

 

			
	 Term
	  	 Location of Definition

	Acceptance Date	  	Subscription Agreement
	Affiliate	  	6.11(i)
	Agency	  	2.02(y)(ii)(A)
	Agreement	  	Recitals
	Anchor Investor	  	2.03(l)
	Articles of Incorporation	  	Recitals
	Beneficially Own/Beneficial Owner/Beneficial Ownership	  	 2.03(f)

6.11(ix)

	Benefit Plans	  	2.02(p)(i)
	Business Combination	  	6.11(xi)(C)
	business day	  	6.11(vii)
	Capitalization Date	  	2.02(c)
	Cease and Desist Order	  	2.02(n)(iv)
	Change in Control	  	6.11(xi)
	Class	  	2.03(f)
	Closing	  	1.01(a)
	Closing Date	  	1.01(a)
	Code	  	2.02(c)
	Common Stock/Common Shares	  	Subscription Agreement
	Company	  	Subscription Agreement
	Company Financial Statements	  	2.02(f)
	Company Preferred Stock	  	2.02(c)
	Company Option	  	1.03
	Company Reports	  	2.02(g)(i)
	Company Securities	  	2.03(f)
	Company Significant Agreement	  	2.02(k)
	Company Subsidiary/Company Subsidiaries	  	2.02(b)
	Control/Controlling/Controlled by/under Common Control with	  	6.11(ii)
	Convertible Preferred Multiplier	  	2.03(f)
	Convertible Preferred Stock	  	2.03(f)
	Disclosure Schedule	  	2.01(a)
	Employees	  	2.02(p)(i)
	Environmental Law	  	2.02(u)
	ERISA	  	2.02(p)(i)
	ERISA Affiliate	  	2.02(p)(iii)
	ERISA Plans	  	2.02(p)(ii)
	Escrow Conditions	  	1.01(a)(i)(A)

  

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	 Term
	  	 Location of Definition

	Exchange Act	  	2.02(b)
	FDIC	  	2.02(b)
	FSCMA	  	Section 2.022.02(l)
	GAAP	  	2.01(b)
	Governmental Entity	  	1.02(a)(i)
	Hazardous Substance	  	2.02(u)
	herein/hereof/hereunder	  	6.11(vi)
	Hedging Transaction	  	2.03(c)
	Holder	  	4.05(k)(i)
	including/includes/included/include	  	6.11(v)
	Incumbent Directors	  	6.11(xi)(A)
	Indemnitee	  	4.05(g)(i)
	Insurer	  	2.02(y)(ii)(C)
	Interim Financials	  	2.02(f)
	Intellectual Property	  	2.02(w)(vi)
	Investment	  	Recitals
	Investor	  	6.10
	IRS	  	2.02(i)
	IT Assets	  	2.02(w)(vi)
	Liens	  	2.02(b)
	Loan Investor	  	2.02(y)(ii)(B)
	made available	  	6.11(xii)
	Material Adverse Effect	  	2.01(b)
	Material Event	  	4.05(a)(iii)(C)
	NASDAQ	  	1.02(b)(viii)
	Non-Qualifying Transaction	  	6.11(xi)(C)
	Ordinary Cash Dividends	  	6.11(xiv)
	Other Private Placements	  	Recitals
	Par Value Change	  	1.02(b)(xii)
	Parent Corporation	  	6.11(xi)(C)
	Participating Securities	  	2.03(f)
	Pending Underwritten Offering	  	4.05(l)
	Pension Plan	  	2.02(p)(ii)
	person	  	6.11(viii)
	Person	  	2.03(f)
	Piggyback Registration	  	4.05(a)(iv)
	Placement Agent/Placement Agents	  	2.02(x)
	Potential Investor	  	2.03(l)
	Previously Disclosed	  	2.01(c)
	Purchased Shares	  	Recitals
	Qualifying Ownership Interest	  	6.11(xv)
	Recapitalization Transactions	  	2.02(v)

  

 -12- 

			
	 Term
	  	 Location of Definition

	Register/registered/registration	  	4.05(k)(ii)
	Registered	  	2.02(w)(vi)
	Registrable Securities	  	4.05(k)(iii)
	Registration Expenses	  	4.05(k)(iv)
	Regulatory Agreement	  	2.02(z)
	Required Approvals	  	2.02(e)
	Reverse Stock Split	  	3.01
	Rights	  	2.03(f)
	Rule 144	  	4.05(k)(v)
	Rule 158	  	4.05(k)(v)
	Rule 159A	  	4.05(k)(v)
	Rule 405	  	4.05(k)(v)
	Rule 415	  	4.05(k)(v)
	Scheduled Black-out Period	  	4.05(k)(vi)
	Scheduled Intellectual Property	  	2.02(w)(i)
	SEC	  	2.01(c)
	Securities	  	Recitals
	Securities Act	  	Subscription Agreement
	Selling Expenses	  	4.05(k)(vii)
	Series B Shares/Series B Stock	  	2.02(c)
	Series C Shares/Series C Stock	  	Recitals
	Series D Shares/Series D Stock	  	Subscription Agreement
	Series D Stock Articles of Amendment	  	Recitals
	Shareholder Rights Plan	  	2.03(f)
	Shares	  	Subscription Agreement
	Shelf Registration Statement	  	4.05(a)(i)
	Special Registration	  	4.05(i)
	Stock Plans	  	2.02(c)
	Shareholder Proposals	  	3.01(c)
	Subsidiary	  	2.02(b)
	Surviving Corporation	  	6.11(xi)(C)
	Tax/Taxes	  	2.02(i)
	Tax Return/Tax Returns	  	2.02(i)
	TARP Exchange	  	Recitals
	TARP Exchange Agreement	  	Recitals
	TARP Preferred Stock	  	Recitals
	TARP Warrant	  	Recitals
	THL	  	Recitals
	THL Investment	  	Recitals
	THL Investment Agreement	  	Recitals

  

 -13- 

			
	 Term
	  	 Location of Definition

	Threshold Holder	  	2.03(f)
	to the knowledge of the Company/Company’s knowledge	  	6.11(ix)
	Transaction Deadline	  	5.01(b)
	Transaction Documents	  	6.11(iii)
	Transfer	  	2.03(c)
	Treasury	  	Recitals
	Treasury Exchange Agreement	  	1.02(b)(x)
	Treasury Regulation	  	2.03(f)
	TruPS Exchange	  	4.08
	Unlawful Gains	  	2.02(n)(v)
	Voting Debt	  	2.02(c)
	Voting Securities	  	6.11(xiii)
	Washington Secretary	  	Recitals
	WP	  	Recitals
	WP Investment	  	Recitals
	WP Investment Agreement	  	Recitals
	Written Agreement	  	2.02(n)(iv)

  

 -14- 

 RECITALS 

A. The Investment. The Company is proposing to sell shares of its Common Stock at a price of $0.20 per share and shares of its
Series D Stock at a price of $92 per share in a fixed ratio of 40 to 1 of shares of Common Stock and Series D Stock. The purchase of the Shares by the Investor is referred to herein as the “Investment.” Upon the terms and subject to
the conditions hereinafter set forth, at the Closing (as defined in Section 1.01), the Company will sell to the Investor, and the Investor will purchase from the Company, the number of shares calculated as set forth on such Investor’s
signature page hereto at the aggregate purchase price set forth on such signature page. The Shares to be purchased by the Investor hereunder are referred to as the “Purchased Shares.” 

B. Other Private Placements. The Company intends to enter into agreements similar to this Agreement with certain other investors
(the “Other Investors”) and expects to complete sales of Shares to them (the “Other Private Placements”). The Investor and the Other Investors are hereinafter sometimes collectively referred to as the
“Investors”, and this Agreement and the subscription agreements executed by the Other Investors are hereinafter sometimes collectively referred to as the “Agreements.” 

C. THL Investment. The Company also intends to sell, subject to adjustment pursuant to Section 1.1 of the THL Investment
Agreement (as defined below), a number of shares of Common Stock specified in the THL Investment Agreement, a number of shares of Series B Convertible Participating Voting Preferred Stock , no par value per share and $4.60 liquidation preference per
share (the “Series B Stock”) specified in the THL Investment Agreement and a warrant with a seven-year term to purchase a number of shares of Common Stock specified in the THL Investment Agreement at a price of $0.22 per share to
Thomas H. Lee Equity Fund VI, L.P., Thomas H. Lee Parallel Fund VI, L.P. and Thomas H. Lee Parallel (DT) Fund VI, L.P. (collectively, “THL”) pursuant to the Second Amended and Restated Investment Agreement between THL and the
Company dated as of May 25, 2010, as last amended as of the date hereof (the “THL Investment Agreement”) with the closing of such transaction to occur simultaneously with the Closing of this transaction (the “THL
Investment”). 
 D. WP Investment. The Company also intends to sell, subject to adjustment pursuant to
Section 1.1 of the WP Investment Agreement (as defined below), a number of shares of Common Stock specified in the WP Investment Agreement, a number of shares of Series B Stock specified in the WP Investment Agreement and a warrant with a
seven-year term to purchase a number of shares of Common Stock specified in the WP Investment Agreement at a price of $0.22 per share to Warburg Pincus Private Equity X, L.P. (“WP”) pursuant to the Investment Agreement
between WP and the Company dated as of May 25, 2010, as last amended as of the date hereof (the “WP Investment Agreement”) with the closing of such transaction to occur simultaneously with the Closing of this
transaction (the “WP Investment”). 

 E. TARP Exchange. The United States Department of Treasury (the
“Treasury”) holds (i) 303,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the “TARP Preferred Stock”) and (ii) a warrant to purchase 6,437,677 shares of
the Common Stock at an exercise price of $7.06 per share (the “TARP Warrant”). On the terms and subject to the conditions set forth in the Exchange Agreement by and between the Company and Treasury dated as of
April 29, 2010, as last amended as of the date hereof (such Exchange Agreement as amended, the “TARP Exchange Agreement”), the Company intends to exchange the TARP Preferred Stock for Fixed Rate Cumulative
Mandatorily Convertible Preferred Stock, Series C (the “Series C Shares” or “Series C Stock”), which shares the Company shall then convert into 378,750,000 shares of Common Stock (subject
to adjustment as provided therein), and to amend the warrant held by Treasury dated December 5, 2008 to among other things reduce the exercise price thereof to $0.20 per share (collectively, the “TARP
Exchange”). 
 F. The Securities. The term “Securities” refers collectively to
(1) the Shares purchased under this Agreement and (2) any securities (including shares of Common Stock) into which the shares of Series D Stock are converted or exchanged in accordance with the terms thereof and of this Agreement, as
applicable. When issued, the Series D Stock shall have the designations, relative rights, preferences, voting powers and limitations set forth in articles of amendment substantially in the form attached as Exhibit A (the “Series D
Articles of Amendment”), which will amend the Company’s Articles of Restatement of Restated Articles of Incorporation, as amended on September 21, 2009 by the Articles of Amendment of Restated Articles of Incorporation (the
“Articles of Incorporation”), by filing the Series D Stock Articles of Amendment with the Secretary of State of the State of Washington (the “Washington Secretary”). 

ARTICLE 1 

Closing and Delivery of Shares and Funds 

Section 1.01 Closing. 

(a) Subject to the satisfaction or waiver of the conditions set forth in Section 1.02 below, the completion of the purchase and sale
of the Shares (the “Closing”) shall occur on a date to be specified as such by the Company by no less than five business days’ notice to the Investor (which date shall be the same date as the date of closing of the THL
Investment and WP Investment, the “Closing Date”), at the offices of Davis Polk & Wardwell LLP located at 450 Lexington Avenue, New York, New York 10017 or such other date or location as agreed by the parties. At Closing,
(x) the Company shall cause the Transfer Agent to (1) issue in certificated form for delivery to the Investor the Purchased Shares under the name of the Investor or such other name specified on the Investor’s signature page to the
Agreement and (2) if the Investor is not present in person at the Closing, mail such certificate for the Purchased Shares to the address specified on the Investor’s signature page, and (y) the aggregate purchase price for the
Purchased Shares shall be delivered by or on behalf of the Investor to the Company. 
  

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 (i) Payment by an Investor for the Purchased Shares shall be made in U.S.
dollars by wire transfer of immediately available funds to American Stock Transfer & Trust Company, as the Company’s escrow agent (the “Escrow Agent”), to the account designated by the Company pursuant to the terms of
that certain Escrow Agreement (the “Escrow Agreement”) relating to the offering of the Shares, by and between the Company and the Escrow Agent. Payment must be made no later than (x) the second business day prior to the Closing
Date in the case of an Investor in the United States and (y) the third business day prior to the Closing Day in the case of an Investor in the Republic of Korea. Wire instructions shall be provided to the Investor in advance of the required
funding date. 
 (A) If (1) the Company provides to the Escrow Agent an officer’s certificate stating
that the conditions to Closing have been met (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the fulfillment of those conditions), including the condition that the Company has received, in escrow
or directly, the minimum aggregate gross proceeds set forth in Section 1.02(b)(iv), (2) THL confirms in writing that the conditions to closing the THL Investment have been met or waived by THL (other than those conditions that by their
nature are to be satisfied at the closing of the THL Investment, but subject to the fulfillment of those conditions), (3) WP confirms in writing that the conditions to closing the WP Investment have been met or waived by WP (other than those
conditions that by their nature are to be satisfied at the closing of the WP Investment, but subject to the fulfillment of those conditions) and (4) the Company confirms that payment for the number of shares of Common Stock and Series D Stock
set forth on the signature page to the Subscription Agreement have been received from the Investor in settlement of its commitments (collectively, the “Escrow Conditions”), the Escrow Agent shall deliver the Investor’s payment
to the Company, and the Company, upon receipt of such payment, shall instruct the Transfer Agent to deliver in certificated form to the Investor the Purchased Shares under the name of the Investor or such other name specified on the Investor’s
signature page to the Agreement. If the conditions to the Closing are not satisfied by the second business day after the scheduled Closing Date, the Escrow Agent shall return the Investor’s funds to it no later than the close of business on the
fourth business day after the scheduled Closing Date, without interest. 
 (B) Anything in this Agreement to the
contrary notwithstanding, in no event shall the Escrow Agent be liable for any special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Escrow Agent has been advised of the
likelihood of such loss or damage and regardless of the form of action. 
  

 -17- 

 (ii) Notwithstanding Section 1.01(a)(i), in the case of an Investor not
legally permitted to make payment through the Escrow Agent or if otherwise agreed to by the Company (a “Non-Escrow Investor”), payment by such Investor for the Purchased Shares shall be made no later than the Closing Date by wire
transfer of immediately available funds to a bank account designated by the Company. 
 Section 1.02 Closing Conditions.

 (a) The respective obligations of each of the Investor and the Company to consummate the Closing is subject to the fulfillment
or waiver by the Investor and the Company prior to the Closing (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the fulfillment of those conditions) of each of the following conditions: 

(i) all approvals and authorizations of, filings and registrations with, and notifications to all governmental or
regulatory authorities, agencies, courts, commissions or other entities, whether federal, state, local or foreign, or applicable self-regulatory organizations (each, a “Governmental Entity”), required to consummate the Closing shall
have been obtained or made and shall be in full force and effect; and 
 (ii) no provision of any applicable law
or regulation and no judgment, injunction, order or decree shall prohibit the Closing or shall prohibit or restrict the Investor or its Affiliates from owning, voting, or, subject to receipt of approval of the Shareholder Proposals (as defined
below), converting any Securities in accordance with the terms thereof. 
 (b) The obligation of the Investor to consummate the
Closing is also subject to the fulfillment or waiver prior to the Closing (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the fulfillment of those conditions) of each of the following conditions:

 (i) the representations and warranties of the Company set forth in this Agreement shall be true and correct in
all respects on and as of the date of this Agreement and on and as of the Closing Date as though made on and as of the Closing Date (except (1) to the extent such representations and warranties are made as of a specified date, in which case,
subject to clause (2) below, such representations and warranties shall be true and correct in all respects as of such date and (2) with respect to each of the representations and warranties of the Company in this Agreement, where the
failure to be true and correct (without regard to any materiality or Material Adverse Effect qualifications contained therein), individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect with respect to the
Company); 
  

 -18- 

 (ii) the Company shall have performed in all material respects all
obligations required to be performed by it at or prior to Closing under this Agreement; 
 (iii) the Company
shall have completed the TARP Exchange in accordance in all material respects with the terms and conditions set forth in the TARP Exchange Agreement; 

(iv) the Company shall receive gross proceeds of an aggregate amount, which is not less than $720 million and not more
than $730 million, prior to or contemporaneously with the Closing, from the Investment, the Other Private Placements (which shall have been on substantially the same terms as this transaction), the THL Investment (which shall have been on
substantially the same terms as set forth in the THL Investment Agreement or on terms not less favorable, in any material respect, to the Company and its shareholders (including the Investor), it being understood that THL may, at its election, waive
any conditions contained in the THL Investment Agreement), and the WP Investment (which shall have been on substantially the same terms as set forth in the WP Investment Agreement or on terms not less favorable, in any material respect, to the
Company and its shareholders (including the Investor), it being understood that WP may, at its election, waive any conditions contained in the WP Investment Agreement); 

(v) [Reserved]; 

(vi) following the date hereof, the Company shall not have agreed to enter into or entered into (a) any agreement or
transaction in order to raise capital or (b) any transaction that resulted in, or would result in if consummated, a Change in Control of the Company, in each case, other than in connection with the Investment, the Other Private Placements, the
THL Investment, the WP Investment and the TARP Exchange; 
 (vii) since (and excluding) the date hereof, no
Material Adverse Effect (within the meaning of clauses (1) and 2(x) of the definition thereof) shall have occurred with respect to the Company and be continuing; 

(viii) the Company shall have caused, prior to their issuance, all Common Shares to be issued at Closing pursuant to this
Agreement to be listed on The Nasdaq Capital Market (“NASDAQ”), subject to official notice of issuance; 

(ix) at the Closing, the Company shall have caused the Investor to receive, substantially in the form attached hereto as
Exhibits B-1, B-2 and B-3, an opinion of each of Davis Polk & Wardwell LLP, Witherspoon, Kelley, Davenport & Toole, P.S. and Lee & Ko; 

 

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 (x) the agreement by THL in Section 3.1(b) of the THL Investment
Agreement, the agreement by WP in Section 3.1(b) of the WP Investment Agreement and the agreement by Treasury in Section 5.6 of the TARP Exchange Agreement, between the Company and Treasury, to vote or cause to be voted all shares of
capital stock beneficially owned by it and eligible to vote on the Shareholder Proposals in favor of such Shareholder Proposals (but only to the extent the Shareholder Proposals entail only the specific items set forth in the definition thereof)
shall be in full force and effect; 
 (xi) the Investor shall have received a certificate, dated the Closing
Date, signed on behalf of the Company by a senior executive officer certifying to the effect that the conditions set forth in Section 1.02(b)(i) through (x) and (xii) have been satisfied; provided, however, that, with respect
to the condition set forth in Section 1.02(b)(iv), such certificate may state that the certification set forth therein is conditioned upon the consummation of the THL Investment, the WP Investment and the Other Private Placements
contemporaneously with the Closing, which consummation such officer has no basis to believe (after reasonable inquiry) will not so occur; 

(xii) the par value of the Company’s capital securities, including the Common Stock and the Series D Stock, shall be
changed to $0.00 per share (the “Par Value Change”); and 
 (xiii) the Investor would not own in
excess of 4.9% of the outstanding voting securities of the Company immediately following the Closing, with such ownership percentage to be calculated in accordance with 12 C.F.R. 225 et seq. (the Bank Holding Company Act of 1956). 

(c) The obligation of the Company to consummate the Closing is also subject to the fulfillment or waiver prior to the Closing of the
following conditions: 
 (i) the representations and warranties of the Investor set forth in this Agreement shall
be true and correct in all material respects on and as of the date of this Agreement and on and as of the Closing Date as though made on and as of the Closing Date (except to the extent such representations and warranties are made as of a specified
date, in which case such representations and warranties shall be true and correct in all material respects as of such date); and 

(ii) the Investor has performed in all material respects all obligations required to be performed by it at or prior to
Closing under Section 3.01. 
 Section 1.03 Treatment of Stock Plans. The Company shall take all actions
necessary to ensure the continuation of the outstanding options to purchase shares of Common Stock (the “Company Options”) and other awards issued under the Stock Plans in accordance with their terms as exist on the date hereof.

  

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 Section 1.04 Delivery. After the Escrow Conditions have been met and when the
Company has received all Investor funds, the Company shall direct the Transfer Agent to deliver the certificated Shares to the Investor. 

ARTICLE 2 

Representations and Warranties 

Section 2.01 Disclosure. (a) On or prior to the date of this Agreement, the Company has delivered to the Investor a
schedule (“Disclosure Schedule”) setting forth, among other things, items the disclosure of which is necessary or appropriate either in response to an express disclosure requirement contained in a provision hereof or as an exception
to one or more representations or warranties contained in Section 2.02; provided, however, that notwithstanding anything in this Agreement to the contrary, the mere inclusion of an item in such schedule shall not be deemed an
admission that such item represents a material exception or material fact, event or circumstance or that such item has had or would reasonably be expected to have a Material Adverse Effect on the Company. 

(b) “Material Adverse Effect” means, with respect to the Investor, only clause (2) that follows, or, with respect
to the Company, both clauses (1) and (2) that follow, any circumstance, event, change, development or effect that, individually or in the aggregate, (1) is or would reasonably be expected to be material and adverse to the financial
position, results of operations, business, assets or liabilities, properties, results of operations or condition (financial or otherwise) of the Company and the Company Subsidiaries taken as a whole, respectively, or (2) would or would
reasonably be expected to (x) materially impair the ability of either the Investor or the Company, respectively, to perform its obligations under this Agreement or (y) otherwise materially impede the consummation of the Closing and the
other transactions contemplated by this Agreement; provided, however, that in determining whether a Material Adverse Effect has occurred under clause (1), any effect shall be excluded to the extent that it results from (A) changes, after
the date of this Agreement, in the U.S. generally accepted accounting principles (“GAAP”), (B) general changes in the economy or the industries in which the Company and the Company Subsidiaries operate, (C) any acts of
war, terrorism, insurrection or civil disobedience, (D) any change in law applicable to the Company or the Company Subsidiaries, (E) actions or omissions of the Company expressly required by the terms of this Agreement or taken with the
prior written consent of the Investor (other than the Par Value Change), (F) changes in the market price or trading volumes of the Common Stock or the Company’s other securities (but not the underlying causes of such changes) or
(G) the failure of the Company to meet any internal or public projections, forecasts, estimates or guidance (but not the underlying causes of such failure), in each case, to the extent that such circumstances, events, changes, developments or
effects described in any of the foregoing clauses (A), (B), (C) or (D) do not have a disproportionate effect on the Company and the Company Subsidiaries, taken as a whole (relative to other participants in the industries, markets or
geographic areas in which the Company and the Company Subsidiaries compete). 
  

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 (c) “Previously Disclosed” means information that is (i) set forth on
the Disclosure Schedule corresponding to the provision of this Agreement to which such information relates; provided that information which, on its face, reasonably should indicate to the reader that it relates to another provision of
this Agreement shall also be deemed to be Previously Disclosed with respect to such other provision, and/or (ii) publicly disclosed by the Company in the Company Reports filed by it with or furnished to the Securities and Exchange Commission
(the “SEC”) and publicly available prior to the date of this Agreement (excluding, in each case, any risk factor disclosures contained in such documents under the heading “Risk Factors” and any disclosure of risks included
in any “forward-looking statements” disclaimer or other statements that are similarly non-specific and are predictive or forward-looking in nature). 

Section 2.02 Representations and Warranties of the Company. Except as Previously Disclosed, the Company represents and
warrants as of the date of this Agreement and as of the Closing Date (except to the extent made only as of a specified date, in which case as of such date) to the Investor that: 

(a) Organization and Authority. The Company is a corporation duly organized and validly existing under the laws of the State of
Washington, is duly qualified to do business and is in good standing in all other jurisdictions where its ownership or leasing of property or the conduct of its business requires it to be so qualified and failure to be so qualified would have a
Material Adverse Effect on the Company and has corporate power and authority to own its properties and assets and to carry on its business as it is now being conducted. The Company is duly registered as a bank holding company under the Bank Holding
Company Act of 1956. True, correct and complete copies of the Company’s Articles of Incorporation and bylaws as amended through the date of this Agreement are on file with the SEC. 

(b) Company’s Subsidiaries. With the exception of the inclusion of Golf Savings Bank, the Company has filed with the SEC a
true, complete and correct list of all of its “subsidiaries” as defined in Regulation S-X under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the date of this Agreement (individually, a
“Company Subsidiary” and, collectively, the “Company Subsidiaries”) all shares of the outstanding capital stock of each of which are owned directly or indirectly by the Company. On August 2, 2010, Golf Savings
Bank was consolidated into Sterling Savings Bank and no longer exists as a Company Subsidiary. No equity security of any Company Subsidiary is or may be required to be issued by reason of any option, warrant, scrip, preemptive right, right to
subscribe to, gross-up right, call or commitment of any character whatsoever relating to, or security or right convertible into, shares of any capital stock of such Company Subsidiary, and there are no contracts, commitments, understandings or
arrangements by which any Company Subsidiary is bound to issue additional shares of its capital stock, or any option, warrant or right to purchase or 

 

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acquire any additional shares of its capital stock. All of such shares so owned by the Company are duly authorized and validly issued, fully paid and nonassessable and are owned by it free and
clear of any lien, adverse right or claim, charge, option, pledge, covenant, title defect, security interest or other encumbrances of any kind (“Liens”), with no personal liability attaching to the ownership thereof. Each Company
Subsidiary is an entity duly organized, validly existing, duly qualified to do business and, to the extent applicable, in good standing under the laws of its jurisdiction of incorporation, and has corporate or other appropriate organizational power
and authority to own or lease its properties and assets and to carry on its business as it is now being conducted, in each case, except as would not reasonably be expected to have a Material Adverse Effect on the Company. Except in respect of the
Company Subsidiaries, the Company does not own beneficially, directly or indirectly, more than 5% of any class of equity securities or similar interests of any corporation, bank, business trust, association or similar organization, and is not,
directly or indirectly, a partner in any partnership or party to any joint venture. Sterling Savings Bank is duly organized and validly existing as a Washington-state chartered bank and its deposit accounts are insured by the Federal Deposit
Insurance Corporation (“FDIC”) to the fullest extent permitted by the Federal Deposit Insurance Act and the rules and regulations of the FDIC thereunder, and all premiums and assessments required to be paid in connection therewith
have been paid when due. The Company beneficially owns all of the outstanding capital securities and has sole Control of Sterling Savings Bank. 

(c) Capitalization. The authorized capital stock of the Company consists of 750,000,000 shares of Common Stock and 10,000,000
shares of preferred stock, par value $1.00 per share (the “Company Preferred Stock”). As of the close of business on May 20, 2010 (the “Capitalization Date”), there were 52,190,859 shares of Common Stock
outstanding and 303,000 shares of Company Preferred Stock outstanding, consisting of 303,000 shares of TARP Preferred Stock held by the Treasury. Since the Capitalization Date and through the date of this Agreement, except in connection with the
Transaction Documents and the transactions contemplated hereby and thereby, including the THL Investment, the WP Investment, the Other Private Placements and the TARP Exchange, the Company has not (i) issued or authorized the issuance of any
shares of Common Stock or Company Preferred Stock, or any securities convertible into or exchangeable or exercisable for shares of Common Stock or Company Preferred Stock, (ii) reserved for issuance any shares of Common Stock or Company
Preferred Stock or (iii) repurchased or redeemed, or authorized the repurchase or redemption of, any shares of Common Stock or Company Preferred Stock. As of the close of business on the Capitalization Date, other than in respect of the Series
B Stock, the Series C Stock to be issued to the Treasury in exchange for the TARP Preferred Stock and the Common Stock issuable upon conversion of the Series C Stock, the warrant to be issued to THL (the “THL Warrant”), the warrant
to be issued to WP (the “WP Warrant”) and the Common Stock issuable upon exercise of the THL Warrant, the WP Warrant, the Series D Stock, the Participating Cumulative Preferred Stock, Series E (the “Series E
Stock”), the TARP Warrant held by the Treasury and the Common Stock issuable upon exercise of the TARP Warrant and awards outstanding under or pursuant to the Benefit Plans in respect

  

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of which an aggregate of 4,226,917 shares of Common Stock have been reserved for issuance, no shares of Common Stock or Company Preferred Stock were reserved for issuance. All of the issued and
outstanding shares of Common Stock and Company Preferred Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights, with no personal liability attaching to the ownership thereof. No bonds,
debentures, notes or other indebtedness having the right to vote on any matters on which the shareholders of the Company may vote (“Voting Debt”) are issued and outstanding. If the Company is a party to a Confidentiality Agreement
with the Investor, it has provided to the Investor the following information with respect to each outstanding option to purchase shares of Common Stock (a “Company Option”) or right to acquire shares of stock (“Company
Restricted Stock “) under the Company’s 1998 Long-Term Incentive Plan, 2001 Long-Term Incentive Plan, 2003 Long-Term Incentive Plan and the 2007 Long-Term Incentive Plan (the “Stock Plans”) which is true and correct as
of the date of this Agreement: (i) the name and, to the knowledge of the Company, the country and state of residence of each holder of Company Options; (ii) the number of shares of Company Common Stock subject to such Company Option, and
as applicable for each Company Option, the date of grant, exercise price, number of shares vested or not otherwise subject to repurchase rights, reacquisition rights or other applicable restrictions as of the date hereof, vesting schedule or
schedule providing for the lapse of repurchase rights, reacquisition rights or other applicable restrictions, the type of Company Option and the Company Stock Plan or other plan under which such Company Options were granted or purchased; and
(iii) whether, in the case of a Company Option, such Company Option is an Incentive Stock Option (within the meaning of the U.S. Internal Revenue Code of 1986, as amended (the “Code”)). If the Company is a party to a Confidentiality
Agreement with the Investor, it has made available to Investor copies of each form of stock option agreements evidencing outstanding Company Options and has also delivered any other stock option agreements to the extent there are variations from the
form of agreement, specifically identifying the holder(s) to whom such variant forms apply. As of August 6, 2010, an aggregate of 375,254 shares of Common Stock are held for the benefit of participants in the Company’s Amended and Restated
Deferred Compensation Plan and the 2005 Deferred Compensation Plan, all of which are issued and outstanding as of the Capitalization Date. As of the date of this Agreement, except for (i) the outstanding Company Options described in this
Section 2.02(c) and (ii) as set forth elsewhere in this Section 2.02(c), the Company does not have and is not bound by any outstanding subscriptions, options, warrants, calls, commitments or agreements of any character calling for the
purchase or issuance of, or securities or rights convertible into or exchangeable or exercisable for, any shares of Common Stock or Company Preferred Stock or any other equity securities of the Company or Voting Debt or any securities representing
the right to purchase or otherwise receive any shares of capital stock of the Company (including any rights plan or agreement). The Company has Previously Disclosed all shares of Company capital stock that have been purchased, redeemed or otherwise
acquired, directly or indirectly, by the Company or any Company Subsidiary since December 31, 2009 and all dividends or other distributions have been declared, set aside, made or paid to the shareholders of the Company since that date. Each
Company Option under the Stock Plans (i) was granted in compliance with all 
  

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applicable laws and all of the terms and conditions of the Stock Plans pursuant to which it was issued, (ii) has an exercise price equal to or greater than the fair market value of a share
of Common Stock at the close of business on the date of such grant, (iii) has a grant date identical to or following the date on which the Company’s board of directors or compensation committee actually awarded such Company Option,
(iv) otherwise is exempt from or complies with Section 409A of the Code so that the recipient of such Company Option is not subject to the additional taxes and interest pursuant to Section 409A of the Code and (v) except for
disqualifying dispositions, qualifies for the tax and accounting treatment afforded to such Company Option in the Company’s tax returns and the Company’s financial statements, respectively. 

(d) Authorization. 

(i) The Company has the corporate power and authority to enter into or issue, as applicable, this Agreement, the Escrow
Agreement, the Series D Stock and the Common Stock and to carry out its obligations hereunder and thereunder. The execution, delivery and performance of this Agreement by the Company and the consummation of the transactions contemplated hereby have
been duly authorized by the Company’s Board of Directors. Subject to such approvals of all Governmental Entities as may be required by statute or regulation, this Agreement has been duly and validly executed and delivered by the Company and,
assuming due authorization, execution and delivery of this Agreement by the Investor, is a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, moratorium, reorganizations, fraudulent transfer or similar laws relating to or affecting creditors generally or by general equitable principles (whether applied in equity or at law). No other corporate proceedings are
necessary for the execution, issuance and delivery, as applicable, by the Company of this Agreement, the Common Stock and the Series D Stock, the performance by it of its obligations hereunder or the consummation by it of the transactions
contemplated hereby, subject to, in the case of the issuance of shares of Common Stock issuable upon conversion of the Series D Stock, receipt of the approval by the Company’s shareholders of the Shareholder Proposals. To the Company’s
knowledge, all shares of Common Stock entitled to vote on the Shareholder Proposals shall be eligible to vote on such proposal. The Board of Directors has resolved that the transactions contemplated hereby are in the best interests of shareholders
of the Company. 
 (ii) Neither the execution, issue, delivery and performance, as applicable, by the Company of
this Agreement, the Common Stock and the Series D Stock nor the consummation of the transactions contemplated hereby, nor compliance by the Company with any of the provisions hereof, shall (1) violate, conflict with, or result in a breach of
any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by,

  

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or result in a right of termination or acceleration of, or result in the creation of, any Lien, upon any of the properties or assets of the Company or any Company Subsidiary under any of the
material terms, conditions or provisions of (A) its articles of incorporation or bylaws (or similar governing documents) or (B) any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation
to which the Company or any Company Subsidiary is a party or by which it may be bound, or to which the Company or any Company Subsidiary or any of the properties or assets of the Company or any Company Subsidiary may be subject, or (2) subject
to compliance with the statutes and regulations referred to in Section 2.02(e) below, violate any ordinance, permit, concession, grant, franchise, law, statute, rule or regulation or any judgment, ruling, order, writ, injunction or decree
applicable to the Company or any Company Subsidiary or any of their respective properties or assets except in the case of clauses (1)(B) and (2) for such violations, conflicts and breaches as would not reasonably be expected to have a
Material Adverse Effect on the Company. 
 (e) Consents. Section 2.02(e) of the Disclosure Schedule lists all
material governmental and any other material consents, approvals, authorizations, applications, registrations and qualifications that are required to be obtained in connection with or for the consummation of the transactions contemplated by this
Agreement (the “Required Approvals”). Other than the securities or blue sky laws of the various states and the Required Approvals, no material notice to, registration, declaration or filing with, exemption or review by, or
authorization, order, consent or approval of, any Governmental Entity, or expiration or termination of any statutory waiting period, is necessary for the consummation by the Company of the transactions contemplated by this Agreement. 

(f) Financial Statements. Each of the consolidated balance sheets of the Company and the Subsidiaries and the related consolidated
statements of income, shareholders’ equity and cash flows, together with the notes thereto, included in any Company Report filed with the SEC prior to the date of this Agreement, and the unaudited consolidated balance sheets of the Company and
the Subsidiaries as of June 30, 2010 and the related consolidated statements of income, shareholders’ equity and cash flows for the period ending June 30, 2010, together with the notes thereto and in the form Previously Disclosed to
the Investor (the “Interim Financials” and, collectively, the “Company Financial Statements”), (1) have been prepared from, and are in accordance with, the books and records of the Company and the Company
Subsidiaries, (2) complied as to form, as of their respective date of filing with the SEC, in all material respects with applicable accounting requirements and with the published rules and regulations of the SEC with respect thereto,
(3) have been prepared in accordance with GAAP applied on a consistent basis and (4) present fairly in all material respects the consolidated financial position of the Company and the Company Subsidiaries at the dates and the consolidated
results of operations, changes in shareholders’ equity and cash flows of the Company and the Company Subsidiaries for the periods stated therein (subject to the absence of notes and year-end audit adjustments in the case of the Interim
Financials). 
  

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 (g) Reports. 

(i) Since December 31, 2006, the Company and each Company Subsidiary have filed all material reports, registrations,
documents, filings, statements and submissions together with any required amendments thereto, that it was required to file with any Governmental Entity (the foregoing, collectively, the “Company Reports”) and have paid all material
fees and assessments due and payable in connection therewith. As of their respective filing dates, the Company Reports complied in all material respects with all statutes and applicable rules and regulations of the applicable Governmental Entities,
as the case may be. As of the date of this Agreement, there are no outstanding comments from the SEC or any other Governmental Entity with respect to any Company Report that were enumerated within such report or otherwise were the subject of written
correspondence with respect thereto. The Company Reports, including the documents incorporated by reference in each of them, each contained all the information required to be included in it and, when it was filed and as of the date of each such
Company Report filed with or furnished to the SEC, or if amended prior to the date of this Agreement, as of the date of such amendment, did not contain an untrue statement of a material fact or omit to state a material fact necessary in order to
make the statements made in it, in light of the circumstances under which they were made, not misleading and complied as to form in all material respects with the applicable requirements of the Securities Act and the Exchange Act. No executive
officer of the Company has failed in any respect to make the certifications required of him or her under Section 302 or 906 of the Sarbanes-Oxley Act of 2002. Copies of all of the Company Reports not otherwise publicly filed have, to the extent
allowed by applicable law, rule or regulation, been made available to the Investor by the Company. 
 (ii) The
records, systems, controls, data and information of the Company and the Company Subsidiaries are recorded, stored, maintained and operated under means (including any electronic, mechanical or photographic process, whether computerized or not) that
are under the exclusive ownership and direct control of the Company or the Company Subsidiaries or accountants (including all means of access thereto and therefrom), except for any nonexclusive ownership and nondirect control that would not
reasonably be expected to have a material adverse effect on the system of internal accounting controls described below in this Section 2.02(g). The Company (A) has implemented and maintains disclosure controls and procedures (as defined in
Rule 13a-15(e) of the Exchange Act) to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to the chief executive officer and the chief financial officer of the Company by others
within those entities, and (B) has disclosed, based on its most recent evaluation prior to the date of this Agreement, to the Company’s outside auditors and the audit committee of the Board of Directors (x) any significant
deficiencies and material weaknesses in the design or operation of internal control over financial 
  

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reporting (as defined in Rule 13a-15(f) of the Exchange Act) that are reasonably likely to adversely affect the Company’s ability to record, process, summarize and report financial
information, and (y) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls over financial reporting. As of the date of this Agreement, the Company has
no knowledge of any reason that its outside auditors and its chief executive officer and chief financial officer shall not be able to give the certifications and attestations required pursuant to the rules and regulations adopted pursuant to
Section 404 of the Sarbanes-Oxley Act of 2002, without qualification, when next due. Since December 31, 2006, (i) neither the Company nor any Company Subsidiary nor, to the knowledge of the Company, any director, officer, employee,
auditor, accountant or representative of the Company or any Company Subsidiary has received or otherwise had or obtained knowledge of any material complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or
auditing practices, procedures, methodologies or methods of the Company or any Company Subsidiary or their respective internal accounting controls, including any material complaint, allegation, assertion or claim that the Company or any Company
Subsidiary has engaged in questionable accounting or auditing practices, and (ii) no attorney representing the Company or any Company Subsidiary, whether or not employed by the Company or any Company Subsidiary, has reported evidence of a
material violation of securities laws, breach of fiduciary duty or similar violation by the Company or any of its officers, directors, employees or agents to the Board of Directors or any committee thereof or to any director or officer of the
Company. 
 (h) Properties and Leases. The Company and the Company Subsidiaries have good and marketable title to all
real properties and all other properties and assets owned by them (other than any assets the Company has repossessed), in each case, free from Liens that would affect the value thereof or interfere with the use made or to be made thereof by them in
any material respect. The Company and the Company Subsidiaries own or lease all properties as are necessary to their operations as now conducted. All leases of real property and all other leases material to the Company or any Company Subsidiary
pursuant to which the Company or such Company Subsidiary, as lessee, leases real or personal property are valid and effective in accordance with their respective terms, and there is not, under any such lease, any existing default by the Company or
such Company Subsidiary or any event which, with notice or lapse of time or both, would constitute such a default except for such as would not reasonably be expected to have a Material Adverse Effect. 

(i) Taxes. (1) Each of the Company and the Company Subsidiaries has filed all material federal, state, county, local and
foreign Tax Returns, including information returns, required to be filed by it and all such filed Tax Returns are, true, complete and correct in all material respects, and paid all material Taxes owed by it and no Taxes owed by it or assessments
received by it are delinquent. (2) (i) No Tax Returns of the Company and the Company Subsidiaries referred to in subsection (1) above have been 

 

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the subject of an audit by the Internal Revenue Service (the “IRS”) or the appropriate state, local or foreign taxing authority for the period for assessment where the statute of
limitations remains open; (ii) all deficiencies asserted or assessments made as a result of any such audits have been paid in full and (iii) no claim has ever been made by an authority in a jurisdiction where the Company and the Company
Subsidiaries do not file Tax Returns that the Company and the Company Subsidiaries are or may be subject to taxation by that jurisdiction. (3) Neither the Company nor any Company Subsidiary has waived any statute of limitations with respect to
Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency, in each case, that is still in effect, or has pending a request for any such extension or waiver. (4) Neither the Company nor any Company Subsidiary is a
party to any pending action or proceeding, nor, to the Company’s knowledge, is any such action or proceeding threatened by any Governmental Entity, for the assessment or collection of Taxes, interest, penalties, assessments or deficiencies that
could reasonably be likely to have a Material Adverse Effect on the Company, and no issue has been raised by any federal, state, local or foreign taxing authority in connection with an audit or examination of the Tax returns, business or properties
of the Company or any Company Subsidiary which has not been settled, resolved and fully satisfied, or adequately reserved for (other than those issues that are not reasonably likely to have a Material Adverse Effect on the Company). (5) Except
as is not reasonably likely to have a Material Adverse Effect on the Company, each of the Company and the Company Subsidiaries has withheld and paid all Taxes that it is required to withhold from amounts owing to employees, creditors or other third
parties. (6) Neither the Company nor any Company Subsidiary has been informed by any jurisdiction that the jurisdiction believes that the Company or any Company Subsidiary was required to file any material Tax return that was not filed.
(7) Neither the Company nor any Company Subsidiary has entered into any “listed transaction” within the meaning of Treasury Regulations Section 1.6011-4(b)(2), or any other transaction requiring disclosure under analogous
provisions of state, local or foreign law. (8) Neither the Company nor any Company Subsidiary has liability for the Taxes of any person other than the Company or any Company Subsidiary under Treasury Regulations Section 1.1502-6 (or any
similar provision of state, local or foreign law). (9) Neither the Company nor any Company Subsidiary is currently subject to a Section 382 Limitation, as defined in Section 382 of the Code. (10) Neither the Company nor any
Company Subsidiary is a party to or is otherwise bound by or has any obligation under any Tax allocation or sharing agreement. (11) Neither the Company nor any Company Subsidiary is a party to any agreement, contract, arrangement, or plan that
could result, separately or in the aggregate, in the payment of any “excess parachute payment” within the meaning of Section 280G of the Code (or any corresponding provision of state, local, or foreign Tax law). (12) Neither the
Company nor any Company Subsidiary has been a “distributing corporation” or a “controlled corporation” in a distribution of stock intended to qualify for Tax-free treatment under Section 355(a) of the Code: (i) at any
time during the two-year period prior to the date hereof, (ii) at any time during the period commencing on the date hereof and ending on the Closing Date or (iii) which could otherwise constitute part of a “plan” or “series
of related transactions” (within the meaning of Section 355(e) of the Code) in conjunction with and including the 
  

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transactions contemplated by this Agreement. (13) To the knowledge of the Company, the Company does not have any 5-Percent Shareholders (as defined by Section 382(k)(7) of the Code)
other than as Previously Disclosed. (14) No Ownership Change (as defined by Section 382(g) of the Code) has occurred since December 31, 2009. (15) The Company is not aware of any state of facts currently existing or contemplated
that would give rise to the imposition of any limitations under Section 382 of the Code on the use of any net operating loss carryforwards, built-in losses or other tax attributes at any time following the Closing. (16) To the knowledge of
the Company, the transactions described herein occurring on the Closing Date and any other transactions contemplated by this Agreement (as if such other transactions had occurred immediately after the Closing Date and, for the avoidance of doubt,
including the effect of a subsequent exercise of any warrants or other “options,” as defined in Treas. Reg. § 1.382-4, issued in connection with such transactions that would increase the cumulative ownership percentage point change),
will not cause an Ownership Change. 
 For the purposes of this Agreement, the term “Tax” (including, with correlative meaning,
the term “Taxes”) shall mean (1) any and all domestic or foreign, federal, state, local or other taxes of any kind (together with any and all interest, penalties, additions to tax and additional amounts imposed with respect
thereto) imposed by any Governmental Entity, including taxes on or with respect to income, franchises, windfall or other profits, gross receipts, property, sales, use, capital stock, payroll, employment, unemployment, social security, workers’
compensation or net worth, and taxes in the nature of excise, withholding, ad valorem or value added, (2) liability for the payment of any amounts of the type described in clause (1) as a result of being or having been a member of
an affiliated, consolidated, combined or unitary group, and (3) liability for the payment of any amounts as a result of being party to any tax sharing agreement or as a result of any express or implied obligation to indemnify any other person
with respect to the payment of any amounts of the type described in clause (1) or (2). For the purposes of this Agreement, the term “Tax Return” (including, with correlative meaning, the term “Tax Returns”)
shall mean all federal, state, local and foreign returns and reports (including elections, declarations, disclosures, schedules, estimates and information returns and any amendments thereto) required to be filed or delivered pursuant to applicable
tax laws. 
 (j) Absence of Certain Changes. Since December 31, 2009, (1) the Company and the Company
Subsidiaries have conducted their respective businesses in all material respects in the ordinary course, consistent with prior practice, (2) except for publicly disclosed ordinary dividends on the Common Stock and outstanding Company Preferred
Stock, the Company has not made or declared any distribution in cash or in kind to its shareholders or issued or repurchased any shares of its capital stock or other equity interests, (3) through (and including) the date of this Agreement, no
Material Adverse Effect has occurred with respect to the Company and is continuing and (4) there has not been (i) any capital expenditure or series of related capital expenditures made by or on behalf of the Company or the Company
Subsidiaries in excess of $2,000,000; and (ii) any capital investment or acquisition of the securities or assets of, or series of related capital investments or acquisitions, any other person by or on behalf of the Company or the Company
Subsidiaries involving more than $2,000,000 and, in the case of both clauses (i) and (ii), outside of the ordinary course of business consistent with past practice. 
  

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 (k) Commitments and Contracts. If the Company is a party to a Confidentiality
Agreement with the Investor, the Company has made available to the Investor or its representatives true, correct and complete copies of each of the following to which the Company or a Company Subsidiary is a party or subject to as of the date of
this Agreement (whether written or oral, express or implied) (each, a “Company Significant Agreement”) other than the Company Significant Agreements that the Company is prohibited from providing to the Investor by law or regulation
or under orders of or agreements with applicable regulatory authorities: 
 (i) any material employment contract
or understanding (including any understandings or obligations with respect to severance or termination pay, liabilities or fringe benefits) with any present or former officer, director, employee or consultant (other than those that are terminable at
will by the Company or such Company Subsidiary); 
 (ii) any material plan, contract or understanding providing
for any bonus, pension, option, deferred compensation, retirement payment, profit sharing or similar arrangement with respect to any present or former officer, director, employee or consultant; 

(iii) any material labor contract or agreement with any labor union; 

(iv) any contract containing covenants that limit the ability of the Company or any Company Subsidiary to compete in any
line of business or with any person or which involve any restriction of the geographical area in which, or method by which or with whom, the Company or any Company Subsidiary may carry on its business (other than as may be required by law or
applicable regulatory authorities); 
 (v) any other contract or agreement which is a “material
contract” within the meaning of Item 601(b)(10) of Regulation S-K; 
 (vi) any joint venture,
partnership, strategic alliance or other similar contract (including any franchising agreement, but in any event excluding introducing broker agreements); and any contract relating to the acquisition or disposition of any material business or
material assets (whether by merger, sale of stock or assets or otherwise), which acquisition or disposition is not yet complete or where such contract contains continuing material obligations or contains continuing indemnity obligations of the
Company or any of the Company Subsidiaries; 
 (vii) any contract with any Governmental Entity that imposes any
material obligation or restriction on the Company or the Company Subsidiaries; 
  

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 (viii) any contract relating to indebtedness for borrowed money, letters of
credit, capital lease obligations, obligations secured by a Lien or interest rate or currency hedging agreements (including guarantees in respect of any of the foregoing, but in any event excluding trade payables, securities transactions and
brokerage agreements arising in the ordinary course of business consistent with past practice, intercompany indebtedness and immaterial leases for telephones, copy machines, facsimile machines and other office equipment) in excess of $2,000,000,
except for those issued in the ordinary course of business; 
 (ix) any real property lease and any other lease
with annual rental payments aggregating $1,000,000 or more; and 
 (x) any material agreement, contract or
understanding with any current or former director, officer, employee, consultant, financial adviser, broker, dealer, or agent providing for any rights of indemnification in favor of such person or entity, except for those entered into in the
ordinary course of business. 
 Each of the Company Significant Agreements is valid and binding on the Company and the Company Subsidiaries, as
applicable, and in full force and effect. The Company and each of the Company Subsidiaries, as applicable, are in all material respects in compliance with and have in all material respects performed all obligations required to be performed by them
to date under each Company Significant Agreement. Neither the Company nor any of the Company Subsidiaries knows of, or has received notice of, any material violation or default (or any condition which with the passage of time or the giving of notice
would cause such a violation of or a default) by any party under any Company Significant Agreement. To the Company’s knowledge, as of the date of this Agreement, there are no material transactions or series of related transactions, agreements,
arrangements or understandings, nor are there any currently proposed material transactions, or series of related transactions between the Company or any Company Subsidiaries, on the one hand, and the Company, any current or former director or
executive officer of the Company or any Company Subsidiaries or any person who Beneficially Owns 5% or more of the Common Shares (or any of such person’s immediate family members or Affiliates) (other than the Company Subsidiaries), on the
other hand. 
 (l) Offering of Securities. No registration under the Securities Act or the Financial Investment Services
and Capital Markets Act of Korea (the “FSCMA”) is required by law for the offer and sale of the Securities by the Company to the Investor under this Agreement. Neither the Company nor any person acting on its behalf has taken any
action (including, any offering of any securities of the Company under circumstances which would require the integration of such offering with the offering of any of the Securities to be issued pursuant to this Agreement or any other Transaction
Document under the Securities Act and the rules and regulations of the SEC promulgated thereunder) which might subject the offering, issuance or sale of any of such Securities to the registration requirements of the Securities Act or the FSCMA.

  

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 (m) Litigation and Other Proceedings; No Undisclosed Liabilities. 

(i) There is no pending or, to the knowledge of the Company, threatened, claim, action, suit, investigation or proceeding,
against the Company or any Company Subsidiary, nor is the Company or any Company Subsidiary subject to any order, judgment or decree, in each case, except as would not reasonably be expected to have a Material Adverse Effect on the Company.

 (ii) Neither the Company nor any of the Company Subsidiaries has any liabilities or obligations of any nature
(absolute, accrued, contingent or otherwise) which are not properly reflected or reserved against in the financial statements described in Section 2.02(f) to the extent required to be so reflected or reserved against in accordance with GAAP,
except for liabilities that have arisen since December 31, 2009 in the ordinary and usual course of business and consistent with past practice and that have not had a Material Adverse Effect. 

(n) Compliance with Laws and Other Matters; Insurance. The Company and each Company Subsidiary: 

(i) in the conduct of its business is in material compliance with all, and the condition and use of its properties does
not violate or infringe, in any material respect, any applicable material domestic (federal, state or local) or foreign laws, statutes, ordinances, licenses, rules, regulations, policies or guidelines, judgments, demands, writs, injunctions, orders
or decrees applicable thereto or to employees conducting its business, including the Troubled Asset Relief Program, the Emergency Economic Stabilization Act of 2008, the Sarbanes-Oxley Act of 2002, the Equal Credit Opportunity Act, the Fair Housing
Act, the Community Reinvestment Act, the Home Mortgage Disclosure Act, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, all other applicable fair lending
laws or other laws relating to discrimination and the Bank Secrecy Act, and, as of the date hereof, Sterling Savings Bank has a Community Reinvestment Act rating of “satisfactory” or better; 

(ii) has all material permits, licenses, franchises, authorizations, orders and approvals of, and has made all filings,
applications and registrations with, Governmental Entities that are required in order to permit it to own or lease its properties and assets and to carry on its business as presently conducted and that are material to the business of the Company or
such Company Subsidiary; and all such material permits, licenses, certificates of authority, orders and approvals are in full force and effect and, to the knowledge of the Company, no material suspension or cancellation of any of them is threatened,
and all such filings, applications and registrations are current; 
 (iii) currently is complying in all material
respects with, and is not under investigation with respect to or, to the knowledge of the Company, has been 
  

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threatened to be charged with or given notice of any material violation of, all applicable federal, state, local and foreign laws, regulations, rules, judgments, injunctions or decrees;

 (iv) has not, except (i) for statutory or regulatory restrictions of general application, (ii) the
Written Agreement, between Sterling Financial Corporation and the Federal Reserve Bank of San Francisco, dated December 24, 2009 (the “Written Agreement”), and (iii) the Stipulation and Consent to the Issuance of an Order
to Cease and Desist, between Sterling Savings Bank and the Federal Deposit Insurance Corporation and the Washington Department of Financial Institutions, dated October 9, 2009 (the “Cease and Desist Order”), been placed under
any material restriction by a Governmental Entity on its business or properties, and except for routine examinations by applicable Governmental Entities, as of the date of this Agreement, received no notification or communication from any
Governmental Entity that an investigation by any Governmental Entity with respect to the Company or any of the Company Subsidiaries is pending or threatened; 

(v) has not, since December 31, 2006 nor to its knowledge, has any other person on behalf of the Company or any
Company Subsidiary that qualifies as a “financial institution” under the U.S. Anti-Money Laundering laws, knowingly acted, by itself or in conjunction with another, in any act in connection with the concealment of any currency, securities
or other proprietary interest that is the result of a felony as defined in the U.S. Anti-Money Laundering laws (“Unlawful Gains”), nor knowingly accepted, transported, stored, dealt in or brokered any sale, purchase or any
transaction of other nature for Unlawful Gains; 
 (vi) to the extent it qualifies as a “financial
institution” under the U.S. Anti-Money Laundering laws, has implemented in all material respects such anti-money laundering mechanisms and kept and filed all material reports and other necessary material documents as required by, and otherwise
complied in all material respects with, the U.S. Anti-Money Laundering laws and the rules and regulations thereunder; and 

(vii) is presently insured, and during each of the past three calendar years (or during such lesser period of time as the
Company has owned such Company Subsidiary) has been insured, for reasonable amounts with financially sound and reputable insurance companies against such risks as companies engaged in a similar business would, in accordance with good business
practice, customarily be insured. 
 (o) Labor. Employees of the Company and the Company Subsidiaries are not represented
by any labor union nor are any collective bargaining agreements otherwise in effect with respect to such employees. No labor organization or group of employees of the Company or any Company Subsidiary has made a pending demand for recognition or

  

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certification, and there are no representation or certification proceedings or petitions seeking a representation proceeding presently pending or threatened to be brought or filed with the
National Labor Relations Board or any other labor relations tribunal or authority, nor have there been in the last three years. There are no organizing activities, strikes, work stoppages, slowdowns, labor picketing lockouts, material arbitrations
or material grievances, or other material labor disputes pending or threatened against or involving the Company or any Company Subsidiary, nor have there been for the last three years. 

(p) Company Benefit Plans. 

(i) All benefit and compensation plans, contracts, policies or arrangements covering current or former employees of the
Company and the Company Subsidiaries (the “Employees”) and current or former directors of the Company, including, but not limited to, “employee benefit plans” within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), and deferred compensation, stock option, stock purchase, stock appreciation rights, stock based, incentive and bonus plans (the “Benefit Plans”) are
listed on Section 2.02(p)(i) of the Disclosure Schedule, and each Benefit Plan which has received a favorable opinion letter from the IRS National Office, including any master or prototype plan, has been separately identified. If the Company is
a party to a Confidentiality Agreement, the Company has made available to the Investor true and complete copies of all Benefit Plans listed in Section 2.02(p)(i) of the Disclosure Schedule including, but not limited to, any trust instruments,
insurance contracts and, with respect to any employee stock ownership plan, loan agreements forming a part of any Benefit Plans, and all amendments thereto. 

(ii) All Benefit Plans are in substantial compliance with ERISA, the Code and other applicable laws. Each Benefit Plan
which is subject to ERISA (the “ERISA Plans”) that is an “employee pension benefit plan” within the meaning of Section 3(2) of ERISA (“Pension Plan”) and that is intended to be qualified under
Section 401(a) of the Code, has received a favorable determination letter from the IRS and the Company is not aware of any circumstances likely to result in revocation of any such favorable determination letter or the loss of the qualification
of such Pension Plan under Section 401(a) of the Code. Neither the Company nor any of the Company Subsidiaries has engaged in a transaction with respect to any ERISA Plan that, assuming the taxable period of such transaction expired as of the
date hereof, could subject the Company or any Company Subsidiary to a tax or penalty imposed by either Section 4975 of the Code or Section 502(i) of ERISA in an amount which would be material. Neither the Company nor any of the Company
Subsidiaries has incurred or reasonably expects to incur a material tax or penalty imposed by Section 4980F of the Code or Section 502 of ERISA. 
  

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 (iii) Neither the Company, any Company Subsidiary nor any entity which is
considered one employer with the Company under Section 4001 of ERISA or Section 414 of the Code (an “ERISA Affiliate”) (x) maintains or contributes to or has within the past six years maintained or contributed to a
Pension Plan that is subject to Subtitles C or D of Title IV of ERISA or (y) maintains or has an obligation to contribute to or has within the past six years maintained or had an obligation to contribute to a multiemployer plan, as defined in
Section 3(37) of ERISA. All contributions required to be made under each Benefit Plan, as of the date hereof, have been timely made and all obligations in respect of each Benefit Plan have been properly accrued and reflected in the Company
Financial Statements. 
 (iv) As of the date hereof, there is no material pending or, to the knowledge of the
Company threatened, litigation relating to the Benefit Plans. Neither the Company nor any of the Company Subsidiaries has any obligations for retiree health and life benefits under any ERISA Plan or collective bargaining agreement. The Company or
the Company Subsidiaries may amend or terminate any such retiree health and life plan at any time without incurring any liability thereunder other than in respect of claims incurred prior to such amendment or termination. 

(v) None of the transactions contemplated by this Agreement, individually or in the aggregate, shall give rise to a change
in control under, or result in the breach or the violation of, or the acceleration of any right under, or result in any additional rights, or the triggering of any anti-dilution adjustment under the Stock Plans or the employment agreements with J.
Gregory Seibly, Daniel Byrne, Ezra Eckhardt, Larry Conley, Carol Mangan, Deborah Meekins, Tom Colosimo, Don Wood, Kade Peterson, Cindy Parker, David Herbison and Brian Read or any other contract or agreement to which the Company or any Company
Subsidiary is a party. 
 (vi) There has been no amendment to, announcement by the Company or any of the Company
Subsidiaries relating to, or change in employee participation or coverage under, any Benefit Plan which would increase materially the expense of maintaining such plan above the level of the expense incurred therefor for the most recent fiscal year.
Neither the execution of this Agreement, shareholder approval of this Agreement nor the consummation of the transactions contemplated hereby shall (v) entitle any Employee, officer or director of the Company or any of the Company Subsidiaries
to unemployment compensation or severance pay or any increase in severance pay upon any termination of employment after the date hereof; (w) increase any benefits otherwise payable under any Benefit Plan; (x) accelerate the time of payment
or vesting or result in any payment or funding (through a grantor trust or otherwise) of compensation or benefits under, increase the amount payable or result in any other material obligation pursuant to, any of the Benefit Plans; (y) limit or
restrict the right of the 
  

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Company or, after the consummation of the transactions contemplated hereby, Investor to merge, amend or terminate any of the Benefit Plans or (z) result in payments under any of the Benefit
Plans which would not be deductible Section 280G of the Code. 
 (q) Status of Securities. The shares of Series D
Stock (upon filing of the Series D Stock Articles of Amendment with the Washington Secretary) and the shares of Common Stock to be issued pursuant to this Agreement have been duly authorized by all necessary corporate action of the Company. When
issued and sold against receipt of the consideration therefor as provided in this Agreement, such shares of Series D Stock and shares of Common Stock shall be validly issued, fully paid and nonassessable, shall not subject the holders thereof to
personal liability, shall have no par value and shall not be subject to preemptive rights of any other shareholder of the Company. The shares of Common Stock issuable upon the conversion of the Series D Stock shall, upon approval of the Shareholder
Proposals and filing of the applicable Series D Stock Articles of Amendment with the Washington Secretary, have been duly authorized by all necessary corporate action and, when so issued, upon such conversion or exercise shall be validly issued,
fully paid and nonassessable, shall not subject the holders thereof to personal liability, shall have no par value and shall not be subject to preemptive rights of any other shareholder of the Company. 

(r) Investment Company. Neither the Company nor any of the Company Subsidiaries is or acts as the principal investment adviser to
an “investment company” as defined under the Investment Company Act of 1940, as amended, and neither the Company nor any of the Company Subsidiaries sponsors any person that is such an investment company. 

(s) Risk Management; Derivatives. 

(i) The Company and the Company Subsidiaries have in place risk management policies and procedures sufficient in scope and
operation to protect against risks of the type and in amounts reasonably expected to be incurred by persons of similar size and in similar lines of business as the Company and the Company Subsidiaries. 

(ii) All material derivative instruments, including swaps, forwards, caps, floors and option agreements, whether entered
into for the Company’s own account, or for the account of one or more of the Company Subsidiaries or their customers, were entered into (i) only for purposes of mitigating identified risk and in the ordinary course of business,
(ii) in accordance with prudent practices and in all material respects with all applicable laws, rules, regulations and regulatory policies, and (iii) with counterparties believed by the Company to be financially responsible at the time;
and each of them constitutes the valid and legally binding obligation of the Company or one of the Company Subsidiaries, enforceable in accordance with its terms. Neither the Company nor the Company Subsidiaries,

  

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nor any other party thereto, is in material breach of or has materially defaulted under any such agreement or arrangement except as listed on Section 2.02(s) of the Disclosure Schedule (such
agreements, the “Disclosed Agreements”). 
 (t) Foreign Corrupt Practices and International Trade
Sanctions. Neither the Company nor any Company Subsidiary, nor any of their respective directors, officers, agents, employees or any other persons acting on their behalf (i) has violated the Foreign Corrupt Practices Act, 15 U.S.C.
§ 78dd-1 et seq., as amended, or any other similar applicable foreign, federal, or state legal requirement, (ii) has made or provided, or caused to be made or provided, directly or indirectly, any payment or thing of value to a
foreign official, foreign political party, candidate for office or any other person knowing that the person shall pay or offer to pay the foreign official, party or candidate, for the purpose of influencing a decision, inducing an official to
violate their lawful duty, securing any improper advantage, or inducing a foreign official to use their influence to affect a governmental decision, (iii) has paid, accepted or received any unlawful contributions, payments, expenditures or
gifts, (iv) has violated or operated in noncompliance with any export restrictions, money laundering law, anti-terrorism law or regulation, anti-boycott regulations or embargo regulations, or (v) is currently subject to any United States
sanctions administered by the Office of Foreign Assets Control of the Treasury. 
 (u) Environmental Matters. Except as
has not had and would not reasonably be expected to have a Material Adverse Effect on the Company, the Company and each Company Subsidiary: (i) have complied at all times with all applicable Environmental Laws; (ii) have not owned or
operated any property that has been contaminated with any Hazardous Substance that could be expected to result in liability pursuant to any Environmental Law; (iii) are not liable for Hazardous Substance disposal or contamination on any third
party property; (iv) have not received any notice, demand, letter, claim or request for information indicating that it may be in violation of or subject to liability under any Environmental Law; (v) are not subject to any order, decree,
injunction or agreement with any Governmental Entity or any indemnity or other agreement with any third party relating to liability under any Environmental Law; (vi) are not subject to any circumstances or conditions that could reasonably be
expected to result in any claims, liability, investigations, costs or restrictions on the ownership, use, or transfer of any property in connection with any Environmental Law; (vii) have not participated in the management of any borrower or
other third party property, or taken any other actions such that they could be deemed an owner or operator of such property for purposes of any Environmental Law; and (viii) if the Company has a Confidentiality Agreement with the Investor, have
made available to the Investor copies of all environmental reports, studies, assessments, and memoranda in its possession relating to the Company or its Subsidiaries or any of their current or former properties or operations. For purposes of this
Agreement, “Environmental Law” means any law, regulation, order, decree, common law or agency requirement relating to the protection of the environment or human health and safety and “Hazardous Substance” means any
substance that is regulated pursuant to any Environmental Law including any waste, petroleum products, asbestos, mold and lead products. 
  

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 (v) Anti-Takeover Provisions and Shareholder Rights Plan Not Applicable. The Board of
Directors has taken all necessary action to ensure that, prior to the Closing (x) each of the consummation of the Investment and the transactions contemplated by the Transaction Documents, a TruPS Exchange (as defined below), if any, the TARP
Exchange, the THL Investment, the WP Investment and the Other Private Placements (collectively, the “Recapitalization Transactions”) (1) shall have been approved pursuant to Section 23B.19.040(1)(a)(ii) of the Revised Code
of Washington and (2) shall be deemed to be exceptions to the prohibitions and restrictions of Section 23B.19.040 of the Revised Code of Washington, (y) any other similar “moratorium,” “control share,” “fair
price,” “takeover” or “interested shareholder” law does not and shall not apply to the Transaction Documents or the Recapitalization Transactions and (z) subject to Section 2.03(f), none of the Transaction
Documents and the Recapitalization Transactions shall cause any Person, solely by virtue of the consummation of any or all of the Recapitalization Transactions or execution of the Transaction Documents, to become an Acquiring Person under the
Shareholder Rights Plan. 
 (w) Intellectual Property. 

(i) The Company has Previously Disclosed or made available to the Investor or its representatives a true, complete and
correct list of all Registered Intellectual Property owned by the Company and each of the Company Subsidiaries, indicating for each Registered item the registration or application number and the applicable filing jurisdiction (the “Scheduled
Intellectual Property”), and, to the knowledge of the Company, such Scheduled Intellectual Property is not subject to any outstanding order, judgment, decree or agreement adversely affecting the use thereof by the Company or any of the
Company Subsidiaries. The Company and each of the Company Subsidiaries owns, or is licensed to use (in each case, free and clear of any material claims, liens or encumbrances), all Intellectual Property used in or necessary for the conduct of its
business as currently conducted. 
 (ii) To the knowledge of the Company, the use of any Intellectual Property by
the Company and the Company Subsidiaries does not currently infringe on or otherwise violate the rights of any person, and has not done so in the past five years, and such use is in accordance with any applicable license pursuant to which the
Company or any of the Company Subsidiaries acquired the right to use any Intellectual Property. 
 (iii) To the
knowledge of the Company, no person is challenging, infringing on or otherwise violating any right of the Company or any of the Company Subsidiaries with respect to any material Intellectual Property owned by or licensed to the Company or the
Company Subsidiaries. 
  

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 (iv) Neither the Company nor any of the Company Subsidiaries has received
any notice of any pending claim with respect to any Intellectual Property used by the Company or any of the Company Subsidiaries. 

(v) To the knowledge of the Company, no Intellectual Property owned or licensed by the Company or any of the Company
Subsidiaries is being used or enforced in a manner that would be expected to result in the abandonment, cancellation or unenforceability of such Intellectual Property. 

(vi) The IT Assets owned, used or held for use by the Company or any of the Company Subsidiaries operate and perform in
all material respects in accordance with their documentation and functional specifications and otherwise as required in connection with the business. To the Company’s knowledge, no person has gained unauthorized access to the IT Assets. The
Company and the Company Subsidiaries have implemented reasonable backup and disaster recovery technology consistent with industry practices. The Company and the Company Subsidiaries take reasonable measures, directly or indirectly, to ensure the
confidentiality, privacy and security of customer, employee and other confidential information. The Company and the Company Subsidiaries have complied with all Internet domain name registration and other requirements of Internet domain registrars
concerning Internet domain names that are used in the business. 
 For the purposes of this Agreement, “Intellectual
Property” shall mean trademarks, service marks, brand names, certification marks, trade dress, domain names and other indications of origin, the goodwill associated with the foregoing and registrations in any jurisdiction of, and
applications in any jurisdiction to register, the foregoing, including any extension, modification or renewal of any such registration or application; inventions, discoveries and ideas, whether patentable or not, in any jurisdiction; patents,
applications for patents (including divisions, continuations, continuations in part and renewal applications), and any renewals, extensions or reissues thereof, in any jurisdiction; nonpublic information, know-how, trade secrets and confidential
information and rights in any jurisdiction to limit the use or disclosure thereof by any person; writings and other works, whether copyrightable or not, in any jurisdiction; and registrations or applications for registration of copyrights in any
jurisdiction, and any renewals or extensions thereof; and any similar intellectual property or proprietary rights. “IT Assets” shall mean the computers, computer software, firmware, middleware, servers, workstations, routers, hubs,
switches, data communications lines, and all other information technology equipment, and all associated documentation used in the business of the Company and the Company Subsidiaries. For purposes of this Section 2.02(w),
“Registered” shall mean issued by, registered with, renewed by or the subject of a pending application before any Governmental Entity or internet domain registrar. 

(x) Brokers and Finders. Except for Sandler O’Neill & Partners, L.P., Barclays Capital Inc. and FBR Capital
Markets & Co. acting as placement agent with respect to 
  

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investors in the United States, KB Investment & Securities Co., Ltd. acting as placement agent with respect to investors in the Republic of Korea (each, a “Placement
Agent” and collectively, the “Placement Agents”) and Belstar Holdings, LLC acting as financial advisor, neither the Company nor any Company Subsidiary nor any of their respective officers, directors or employees has
employed any broker or finder or incurred any liability for any financial advisory fees, brokerage fees, commissions or finder’s fees, and no broker or finder has acted directly or indirectly for the Company or any Company Subsidiary, in
connection with the Transaction Documents or the transactions contemplated hereby and thereby. 
 (y) Mortgage Banking
Business. Except as has not had and would not reasonably be expected to have a Material Adverse Effect on the Company: 

(i) The Company and each Company Subsidiary have complied with, and all documentation in connection with the origination,
processing, underwriting and credit approval of any mortgage loan originated, purchased or serviced by the Company or any Company Subsidiary satisfied, (A) all applicable federal, state and local laws, rules and regulations with respect to the
origination, insuring, purchase, sale, pooling, servicing, subservicing, or filing of claims in connection with mortgage loans, including all laws relating to real estate settlement procedures, consumer credit protection, truth in lending laws,
usury limitations, fair housing, transfers of servicing, collection practices, equal credit opportunity and adjustable rate mortgages, (B) the responsibilities and obligations relating to mortgage loans set forth in any agreement between the
Company or any Company Subsidiary and any Agency, Loan Investor or Insurer, (C) the applicable rules, regulations, guidelines, handbooks and other requirements of any Agency, Loan Investor or Insurer and (D) the terms and provisions of any
mortgage or other collateral documents and other loan documents with respect to each mortgage loan; and 
 (ii)
No Agency, Loan Investor or Insurer has (A) claimed in writing that the Company or any Company Subsidiary has violated or has not complied with the applicable underwriting standards with respect to mortgage loans sold by the Company or any
Company Subsidiary to a Loan Investor or Agency, or with respect to any sale of mortgage servicing rights to a Loan Investor, (B) imposed in writing restrictions on the activities (including commitment authority) of the Company or any Company
Subsidiary or (C) indicated in writing to the Company or any Company Subsidiary that it has terminated or intends to terminate its relationship with the Company or any Company Subsidiary for poor performance, poor loan quality or concern with
respect to the Company’s or any Company Subsidiary’s compliance with laws. 
 For purposes of this
Section 2.02(y): 
 (A) “Agency” shall mean the Federal Housing Administration, the Federal
Home Loan Mortgage Corporation, the Federal National Mortgage Association, the Government National Mortgage Association, or any other federal or state agency with authority to (i) determine any investment, origination, lending or servicing
requirements with regard to mortgage loans originated, purchased or serviced by the Company or any Company Subsidiary or (ii) originate, purchase, or service mortgage loans, or otherwise promote mortgage lending, including, without limitation,
state and local housing finance authorities; 
  

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 (B) “Loan Investor” shall mean any person (including an
Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Company or any Company Subsidiary or a security backed by or representing an interest in any such mortgage loan; and 

(C) “Insurer” shall mean a person who insures or guarantees for the benefit of the mortgagee all or any
portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any Company Subsidiary, including the Federal Housing Administration, the United States Department of Veterans’
Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral. 

(z) Agreements with Regulatory Agencies. Neither the Company nor any Company Subsidiary is subject to any cease-and-desist or
other similar order or enforcement action issued by, or is a party to any written agreement, consent agreement or memorandum of understanding with, or is a party to any commitment letter or similar undertaking to, or is subject to any capital
directive by, or since December 31, 2008, has adopted any board resolutions at the request of, any Governmental Entity that currently restricts in any material respect the conduct of its business or that in any material manner relates to its
capital adequacy, its liquidity and funding policies and practices, its ability to pay dividends, its credit, risk management or compliance policies, its internal controls, its management or its operations or business (each item in this sentence, a
“Regulatory Agreement”), with the exception of the Written Agreement and the Cease and Desist Order, nor has the Company or any Company Subsidiary been advised since December 31, 2008 and until the date of this Agreement by any
Governmental Entity that it is considering issuing, initiating, ordering, or requesting any such Regulatory Agreement. Except as Previously Disclosed, the Company and each Company Subsidiary are in compliance in all material respects with each
Regulatory Agreement to which it is party or subject (including, for the avoidance of doubt, the Written Agreement and the Cease and Desist Order), and neither the Company nor any Company Subsidiary has received any notice from any Governmental
Entity indicating that either the Company or any Company Subsidiary is not in compliance in all material respects with any such Regulatory Agreement. 
  

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 (aa) As of the date hereof, the characteristics of the loan portfolio of the Company have
not materially and adversely changed from the characteristics of the loan portfolio of the Company as of December 31, 2009, except for the sale, in January 2010, of $230 million indirect automobile loan portfolio. 

(bb) Prior to the Closing, no counterparty to any of the Disclosed Agreements (other than the Company or any of the Company Subsidiaries)
has declared or otherwise asserted that an event of default has occurred under any of the Disclosed Agreements, and as of immediately prior to the Closing, no event of default shall exist with respect to any of the Disclosed Agreements. 

(cc) Deposits. As of the date hereof, Sterling Savings Bank has at least $2,750,000,000 in core deposits (including money market,
demand, checking, savings and transactional accounts and excluding secured governmental deposits and certificates of deposits) and at least $2,800,000,000 in certificates of deposits, excluding governmental and brokered deposits. 

(dd) Disclosure. If Investor is not a party to a Confidentiality Agreement with the Company, the Company confirms that neither it
nor, to the Company’s knowledge, any of its officers or directors nor any other person acting on its or their behalf has provided, and it has not authorized any of the Placement Agents to provide, any information that it believes constitutes
material, non-public information to such Investor or its agents or counsel. 
 (ee) Absence of Manipulation. The Company
has not, and to the Company’s knowledge no one acting on its behalf has, taken, directly or indirectly, any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate the
sale or resale of any of the Securities. 
 (ff) No Public Offerings or General Solicitation. Neither the Company, nor
any of its Affiliates, has, directly, or through any agent, (i) sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any security which is or will be integrated with the sale of the Securities in a manner that
would require the registration under the Securities Act of the Securities; or (ii) offered, solicited offers to buy or sold the Securities by any form of general solicitation or general advertising (as those terms are used in Regulation D under
the Securities Act) or in any manner involving a public offering within the meaning of Section 4(2) of the Securities Act; and neither the Company nor any Affiliate of the Company will engage in any of the actions described in clauses
(i) and (ii) of this paragraph. 
 Section 2.03 Representations and Warranties of the Investor. The
Investor hereby represents and warrants as of the date of this Agreement and as of the Closing Date (except to the extent made only as of a specified date, in which case as of such date) to the Company that: 

(a) Organization and Authority. If the Investor is not an individual, the Investor is an organization duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization, is duly qualified to do business and is in good standing in all jurisdictions where its ownership or leasing of property or the conduct of its business requires it
to be so qualified and failure to be so qualified would have a Material Adverse Effect on the Investor and has organizational power and authority to own its properties and assets and to carry on its business as it is now being conducted. 

 

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 (b) Authorization. 

(i) The Investor has the organizational power, if the Investor is an entity, and authority to enter into this Agreement
and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by the Investor and the consummation of the transactions contemplated hereby have been duly authorized by the Investor and no further approval or
authorization by any of the Investor’s partners, shareholders or members, as the case may be, is required. Subject to such approvals of Governmental Entities as may be required by statute or regulation, this Agreement is a valid and binding
obligation of the Investor enforceable against the Investor in accordance with its respective terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganizations, fraudulent transfer or similar laws affecting
creditors generally or by general equitable principles (whether applied in equity or at law). 
 (ii) Neither the
execution, delivery and performance by the Investor of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Investor with any of the provisions hereof, shall (i) violate, conflict with, or result
in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of
termination or acceleration of, or result in the creation of, any Lien upon any of the properties or assets of the Investor under any of the material terms, conditions or provisions of (A) its organizational documents, if the Investor is an
entity, or (B) any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which the Investor is a party or by which it may be bound, or to which the Investor or any of the properties or
assets of the Investor may be subject, or (ii) subject to compliance with the statutes and regulations referred to in the next paragraph, violate any statute, rule or regulation or, to the knowledge of the Investor, any judgment, ruling, order,
writ, injunction or decree applicable to the Investor or any of their respective properties or assets except in the case of clauses (i)(B) and (ii) for such violations, conflicts and breaches as would not reasonably be expected to have a
Material Adverse Effect on the Investor. 
  

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 (c) Purchase for Investment. The Investor acknowledges that the Securities are
“restricted securities” and have not been registered under the Securities Act, the FSCMA or under any state or foreign securities laws. The Investor (1) is acquiring the Securities as principal for its own account in the ordinary
course of business and pursuant to an exemption from registration under the Securities Act solely for investment with no present intention, agreement, plan or understanding, directly or indirectly, to distribute or effect any distribution of any of
the Securities to or through any person, (2) will not sell or otherwise dispose of any of the Securities, except in compliance with the registration requirements or exemption provisions of the Securities Act and any other applicable securities
laws and the transfer restrictions in Section 4.14, (3) has such knowledge and experience in financial and business matters and in investments of this type that it is capable of evaluating the merits and risks of its investment in the
Securities and of making an informed investment decision, (4) in the case of an Investor in the United States, is an “accredited investor” (under Rule 501(a) of the Securities Act) and (5) in the case of an Investor in the
Republic of Korea, (i) is both an “accredited investor” (under Rule 501(a) of the Securities Act) and is a “professional investor” under Article 11(1) of the Enforcement Decree of the FSCMA or (ii) is an
“accredited investor” (under Rule 501(a) of the Securities Act). The Investor will not, directly or indirectly, transfer, sell, assign, pledge, convey, hypothecate or otherwise encumber or dispose of, or engage in a Hedging Transaction (as
hereinafter defined) with respect to (collectively, “Transfer”), any of the Securities, except in compliance with the registration requirements or exemption provisions of the Securities Act and any other applicable securities laws.
For purposes of this Agreement, “Hedging Transaction” means any short sale (whether or not against the box and regardless of when such position was entered into) or any purchase, sale or grant of any right (including any put or call
option) with respect to any security (other than a broad-based market basket or index) that includes, relates to or derives any significant part of its value from the Securities. 

(d) Financial Capability. At Closing, the Investor shall have available funds necessary to consummate the Closing on the terms and
conditions contemplated by this Agreement. 
 (e) Brokers and Finders. No person will have, as a result of the
transactions contemplated by this Agreement, any valid right, interest or claim against or upon the Company, the Investor or its Affiliates or any of their respective officers, directors or employees for any commission, fee or other compensation
pursuant to any agreement, arrangement or understanding entered into by or on behalf of the Investor and no broker or finder has acted directly or indirectly for the Investor, in connection with the Transaction Documents or the transactions
contemplated hereby and thereby. The Investor acknowledges that it is purchasing the Securities directly from the Company and not from the Placement Agents. 
  

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 (f) Ownership. Giving effect to the Investment, as of the Closing Date, the Investor
will be neither a Threshold Holder (generally an owner, for U.S. federal income tax purposes, of 5 percent of the outstanding Common Stock and any securities convertible into Common Stock) nor an Associate of a Threshold Holder pursuant to the
Shareholder Rights Plan adopted by the Company on April 14, 2010 (the “Shareholder Rights Plan”), for the avoidance of doubt taking into account (i) any formal or informal understanding with any Other Investor, THL or WP
to acquire Common Stock, Series D Stock or Series B Stock that would cause the Investor and such other person to be treated as an “entity” described in Treasury Regulations Section 1.382-3(a) and (ii) any direct or indirect
investment in any Other Investor, THL or WP. 
 For informational purposes only, the definitions of certain terms in the
Shareholder Rights Plan are set forth below: 
 (A) “Threshold Holder” shall mean any Person
that is or becomes a Beneficial Owner (which, for the avoidance of doubt, shall have the meaning ascribed to it in the Rights Plan) of 5% or more of (i) Participating Securities then outstanding (including, without duplication, Participating
Securities owned by any Associate of such Person) or (ii) any Class of Company Securities (other than Participating Securities). 

(B) “Associate” shall mean, with respect to any Person, any other Person whose Company Securities are
aggregated with the securities actually or constructively owned by the first Person pursuant to Section 382 of the Code and the Treasury Regulations promulgated thereunder. 

(C) A Person shall be deemed the “Beneficial Owner” of, and shall be deemed to “Beneficially
Own,” and shall have “Beneficial Ownership” of, any Company Securities or any Rights, as applicable; (i) which such Person directly owns or (ii) which such Person would be deemed to own constructively pursuant to
Section 382 of the Code and the Treasury Regulations promulgated thereunder (including as a result of the deemed exercise of an “option” pursuant to Treasury Regulation Section 1.382-4(d) and including, without duplication,
Company Securities or Rights, as applicable, owned by any Associate of such Person); provided that a Person shall not be treated as “Beneficially Owning” Company Securities pursuant to clause (i) above to the extent that such Person
(1) does not have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Company Securities and (2) properly completes and timely files a Schedule 13-D or Schedule 13-G under the
Exchange Act (or any similar or successor report), indicating that it does not have such right or power. The percentage Beneficial Ownership of Participating Securities of any Person shall be equal to (A) the sum of (x) the number of
shares of 
  

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Common Stock Beneficially Owned by such Person and (y) the product of (1) the number of shares of Convertible Preferred Stock Beneficially Owned by such Person and (2) the
Convertible Preferred Multiplier divided by (B) the sum of (x) the number of shares of Common Stock then outstanding and (y) the product of (1) the number of shares of Convertible Preferred Stock then outstanding and (2) the
Convertible Preferred Multiplier. 
 (D) A “Class” of Company Securities is a group of Company
Securities that has substantially identical terms, including substantially identical rights to distributions. 

(E) “Company Securities” shall mean (i) shares of Common Stock, (ii) shares of preferred stock
(other than preferred stock that is not treated as stock pursuant to Treasury Regulation Section 1.382-2(a)(3)) of the Company and (iii) any other interest that would be treated as “stock” of the Company pursuant to Treasury
Regulation Section 1.382-2T(f)(18). 
 (F) “Convertible Preferred Multiplier” means, with
respect to any Class of Convertible Preferred Stock on any relevant date, an amount equal to the number of shares of Common Stock into which each share of such Convertible Preferred Stock is convertible or exchangeable on such date. 

(G) “Convertible Preferred Stock” means any Class of preferred stock of the Company or any Subsidiary
that is convertible or exchangeable, directly or indirectly, into Common Stock. 
 (H) “Participating
Securities” shall mean the Common Stock and the Convertible Preferred Stock. 
 (I)
“Person” shall mean any individual, firm, corporation, partnership, trust association, limited liability company, limited liability partnership, governmental entity, or other entity, or any group of Persons making a
“coordinated acquisition” of shares or otherwise treated as an entity within the meaning of Treasury Regulation Section 1.382-3(a)(1)(i) and shall include any successor (by merger or otherwise) of any such entity. 

(J) “Rights” shall mean the dividend of one preferred stock purchase right for each share of Common Stock
authorized and declared by Sterling’s board of directors on March 25, 2010. 
 (K) “Treasury
Regulation” means any final, proposed or temporary regulation of the Department of Treasury under the Code and any successor regulation. 
  

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 (g) General Solicitation. Neither the Investor, any of its Affiliates nor any person
acting on its or their behalf, has made or will make offers or sales of the Securities by means of any form of general solicitation or general advertising (as those terms are used in Regulation D under the Securities Act), including any
advertisement, article, notice or other communication regarding the Securities published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general advertisement. 

(h) Experience of the Investor. The Investor, either alone or together with its representatives, has such knowledge,
sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Investor is
able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment. 

(i) Access to Information. The Investor acknowledges that it has been afforded (i) the opportunity to ask such questions as
it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Securities and the merits and risks of investing in the Securities; (ii) access to information
about the Company and the Company Subsidiaries and their respective financial condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; (iii) the opportunity to obtain
such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the Investment; and (iv) the opportunity to ask questions of
management. Neither such inquiries nor any other investigation conducted by or on behalf of the Investor or its representatives or counsel shall modify, amend or affect the Investor’s right to rely on the truth, accuracy and completeness of the
Company’s representations and warranties contained in this Agreement. The Investor has sought such accounting, legal and tax advice as it has considered necessary to make an informed decision with respect to its acquisition of the Securities.

 (j) Independent Investment Decision. The Investor has independently evaluated the merits of its decision to purchase
the Securities pursuant to this Agreement, and the Investor confirms that it has not relied on the advice of any other person’s business and/or legal counsel in making such decision. The Investor understands that nothing in this Agreement or
any other materials presented by or on behalf of the Company to the Investor in connection with the purchase of the Securities constitutes legal, tax or investment advice. The Investor has consulted such legal, tax and investment advisors as it, in
its sole discretion, has deemed necessary or appropriate in connection with its purchase of the Securities. The Investor understands that each of the Placement Agents has acted solely as the agent of the Company in this placement of the Securities
and the Investor has not relied on the business or legal advice of any of the Placement Agents or any of its agents, counsel or Affiliates in making its investment decision hereunder, and confirms that none of such persons has made any
representations or warranties to the Investor in connection with the transactions contemplated by this Agreement. 
  

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 (k) No Reliance. The Investor has not relied on any representation or warranty in
connection with the Investment other than those contained in the Transaction Documents. 
 (l) No Coordinated
Acquisition. Except as disclosed to the Company on the signature page to the Subscription Agreement, the Investor (i) is not affiliated with THL or WP (for purposes of this section only, an “Anchor Investor”),
(ii) reached its decision to invest in the Company independently from any Anchor Investor and any other Person known by the Investor to be a potential investor in the Company (any such person, a “Potential Investor”),
(iii) is not advised or managed by an advisor or manager that advises or manages any Anchor Investor or another Potential Investor, (iv) has not entered into any agreement or understanding with any Anchor Investor or any other Potential
Investor to act in concert for the purpose of exercising a controlling influence over the Company or any of its subsidiaries, including, but not limited to, any agreements or understandings regarding the voting or transfer of shares of the Company,
(v) has not shared due diligence materials prepared by such Investor or any of its advisors or representatives with respect to the Company or any of its Subsidiaries with any Anchor Investor or any other Potential Investor, (vi) has not
been induced, nor has induced any Anchor Investor or any other Potential Investor, to enter into the transactions contemplated by this Agreement by any Anchor Investor or any other Potential Investor, (vii) was not notified of or provided the
opportunity to enter into the transactions contemplated by this Agreement pursuant to the terms of any agreement or informal understanding with any Anchor Investor or any other Potential Investor and was not required by the terms of any
agreement or informal understanding to so notify any Anchor Investor or other Potential Investor, (viii) is not a party to any formal or informal understanding with any Anchor Investor or other Potential Investor to make a coordinated
acquisition of stock of the Company, and the investment decision of the Investor is not based on the investment decision of any Anchor Investor or any other Potential Investor, (ix) is not a party to any formal or informal agreement or
understanding concerning the appointment of any individual to the board of directors of the Company, (x) will not, by reason of the Investment, file, be required to file, or be required to be included in a Schedule 13-D or Schedule 13-G
pursuant to the United States federal securities laws, (xi) has not engaged as part of a group consisting of substantially the same entities as the Potential Investors, in substantially the same combination of interests, in any additional
banking or nonbanking activities or business ventures in the United States and (xii) will not pay any Anchor Investor or any other Potential Investor any fee in connection with the transactions contemplated hereby. Except as set forth on the
signature page to the Subscription Agreement, the Investor does not presently hold any capital stock of the Company. 
  

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 ARTICLE 3 

Covenants 

Section 3.01 Filings; Other Actions. Each of the Investor and the Company shall use reasonable best efforts to prepare and
file all necessary documentation, to effect all necessary applications, notices, petitions, filings and other documents, and to obtain all necessary permits, consents, orders, approvals and authorizations of, or any exemption by, all third parties
and Governmental Entities, and expiration or termination of any applicable waiting periods, necessary or advisable for it to consummate the transactions contemplated by this Agreement and the other Transaction Documents and to perform covenants
contemplated by this Agreement and the other Transaction Documents. On or prior to the Acceptance Date, the Investor shall furnish to the Company a fully completed Selling Shareholder Questionnaire attached as Appendix I hereto for use in the
preparation of the Registration Statement and all of the information contained therein will be true and correct as of the Closing Date. Unless this Agreement has been terminated pursuant to Section 5.01, the Company shall call a meeting of its
shareholders, promptly after the Closing, to vote on proposals (i) to amend the Articles of Incorporation to increase the number of authorized shares of Common Stock to at least 10,000,000,000 shares or such larger (or, in the case of a reverse
stock split, smaller) number as the Board of Directors determines in its reasonable judgment is necessary to effectuate the conversion of the Series B Stock, the Series C Stock and the Series D Stock into, and exercise of the TARP Warrant and the
warrants granted to THL and WP for, Common Stock and (ii) to approve the conversion of the Series B Stock and the Series D Stock into, and exercise of the warrants granted to THL and WP for, Common Stock in accordance with the respective terms
of the Series B Stock, Series D Stock and the warrants granted to THL and WP (collectively, the “Shareholder Proposals”). In addition, promptly following the approval of the Shareholder Proposals described in clauses (i) and
(ii) above, the Company shall call a meeting of its shareholders to amend the Articles of Incorporation to adopt certain restrictions on acquisitions and dispositions of securities by persons that hold, or intend to acquire, 5% or more of the
value of the Common Stock of the Company, in substantially the form attached hereto as Exhibit C (the “Charter Amendment Proposal”). The Company shall also seek approval of the shareholder to effectuate a reverse stock split of the
Common Stock at a ratio to be determined by the Board of Directors for the purpose of complying with NASDAQ Listing Rule 5450(a)(1) (the “Reverse Stock Split”). The Board of Directors shall unanimously recommend to the
Company’s shareholders that such shareholders approve the Shareholder Proposals, the Charter Amendment Proposal and the Reverse Stock Split. In connection with the meeting to approve the Shareholder Proposals, within fifteen business days
following the Acceptance Date, the Company shall prepare and file with the SEC a preliminary proxy statement, shall use its reasonable best efforts to solicit proxies for such shareholder approval and shall use its reasonable best efforts to respond
to any comments of the SEC or its staff and to cause a definitive proxy statement related to such shareholders’ meeting to be mailed to the Company’s shareholders as promptly as practicable after clearance thereof by the SEC. If at any
time prior to such shareholders’ meeting there shall occur 
  

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any event that is required to be set forth in an amendment or supplement to the proxy statement, the Company shall as promptly as practicable prepare and mail or otherwise disseminate to its
shareholders such an amendment or supplement. The Company agrees promptly to correct any information in the proxy statement if and to the extent that such information shall have become false or misleading in any material respect, and the Company
shall as promptly as practicable prepare and mail or otherwise disseminate to its shareholders an amendment or supplement to correct such information to the extent required by applicable laws and regulations. The directors’ recommendation
described in this Section 3.01(c) shall be included in the proxy statement filed in connection with obtaining such shareholder approval. In the event that the approval of the Shareholder Proposals are not obtained at such special
shareholders’ meeting, the Company shall include a proposal to approve (and, the Board of Directors shall unanimously recommend approval of) the Shareholder Proposals at a meeting of its shareholders no less than once in each subsequent
three-month period until such approval is obtained or made, with such three-month period to commence on the date that is 120 days after the Closing Date. Each party agrees, upon request, to furnish the other party with all information concerning
itself, its subsidiaries, Affiliates, directors, officers, partners and shareholders and such other matters as may be reasonably necessary or advisable in connection with the proxy statement in connection with such shareholders’ meeting and any
other statement, filing, notice or application made by or on behalf of such other party or any of its subsidiaries to any Governmental Entity in connection with the Closing and the other transactions contemplated by the Transaction Documents.

 Section 3.02 Conduct of the Business. Prior to the earlier of the Closing Date and the termination of this
Agreement pursuant to Section 5.01, the Company shall, and, shall cause each Company Subsidiary to: (a) use commercially reasonable efforts to carry on its business in the ordinary course of business and use reasonable best efforts to
maintain and preserve its and such Company Subsidiary’s business (including its organization, assets, properties, goodwill and insurance coverage) and preserve business relationships with customers, strategic partners, suppliers, distributors
and others having business dealings with it; provided, that nothing in this clause (a) shall limit or require any actions that the Board of Directors may, in good faith, determine to be inconsistent with their duties or the
Company’s obligations under applicable law or imposed by any Governmental Entity and (b) if the Company shall (1) declare or pay any dividend or distribution (other than ordinary cash dividends consistent with past practices) on any
shares of Company capital stock, or (2) take any action that would require any adjustment to be made under the terms of the Securities as if such Securities were issued on the date of this Agreement, make appropriate adjustments with respect to
the Investor such that the Investor shall receive the benefit of such transaction as if the Securities to be issued to the Investor at the Closing had been outstanding as of the date of such action. 

Section 3.03 Voting Agreements. The Company shall use reasonable best efforts to enforce the agreement by THL in
Section 3.1(b) of the THL Investment Agreement, the agreement by WP in Section 3.1(b) of the WP Investment Agreement and the agreement by Treasury in Section 5.6 of the TARP Exchange Agreement to vote or

  

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cause to be voted all shares of capital stock beneficially owned by it and eligible to vote on the Shareholder Proposals in favor of the Shareholder Proposals (but only to the extent the
Shareholder Proposals entail only the specific items set forth in the definition thereof) and shall not agree to any modifications to or waivers of such agreements. 

Section 3.04 FDIC Final Statement of Policy on Qualifications for Failed Bank Acquisitions. So long as the Investor holds any
Securities, the Company will not, without the consent of the Investor, take any action, directly or indirectly, through its subsidiaries or otherwise, that the Board of the Directors of the Company believes in good faith would reasonably be expected
to cause the Investor to be subject to transfer restrictions or other covenants of the FDIC Final Statement of Policy on Qualifications for Failed Bank Acquisitions as in effect at the time of taking such action. 

Section 3.05 Additional Filings. Within four business days following the Closing, the Company shall file a Current Report on
Form 8-K with the SEC announcing the Closing. 
 ARTICLE 4 

Additional Agreements 

Section 4.01 Legend. 

(a) The Investor agrees that all certificates or other instruments representing the Securities subject to this Agreement shall bear a
legend substantially to the following effect, as applicable: 
 “(i) THE SECURITIES REPRESENTED BY THIS
INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT RELATING THERETO IS IN EFFECT UNDER
SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS. 

(ii) THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE FINANCIAL INVESTMENT SERVICES AND
CAPITAL MARKETS ACT OF KOREA (“FSCMA”) AND THE REGULATIONS THEREUNDER, INCLUDING THE REGULATION ON SECURITIES ISSUANCE AND PUBLIC DISCLOSURE AND MAY ONLY BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF IN COMPLIANCE WITH THE FSCMA AND THE
REGULATIONS THEREUNDER, INCLUDING, WITHOUT LIMITATION, THE 
  

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REQUIREMENT THAT: (A) A REGISTRATION STATEMENT BE DULY FILED WITH KOREA’S FINANCIAL SERVICES COMMISSION AS A PRE-CONDITION TO CARRYING OUT ANY TRANSFER, SALE OR DISPOSITION, AS WELL AS
ANY SOLICITATIONS RELATED THERETO, IN ANY MANNER THAT WOULD CONSTITUTE A PUBLIC OFFERING UNDER THE FSCMA AND THE REGULATIONS THEREUNDER; OR (B) THAT ANY SUCH TRANSFER, SALE OR DISPOSITION OTHERWISE BE MADE PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER SUCH ACT OR SUCH REGULATIONS. SECURITIES LISTED ON THE NEW YORK STOCK EXCHANGE OR THE NASDAQ NATIONAL OR CAPITAL MARKET ARE NOT SUBJECT TO RESTRICTIONS ON TRANSFERS UNDER THE FSCMA TO THE EXTENT THAT TRANSFERS OF SUCH LISTED
SECURITIES ARE MADE THROUGH AN OPEN MARKET TRANSACTION. 
 (iii) THE SECURITIES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO TRANSFER AND OTHER RESTRICTIONS SET FORTH IN SECTION 4.14 OF THE SUBSCRIPTION AGREEMENT, DATED AS OF [            ], 2010, COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF
THE ISSUER. 
 (iv) THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO TRANSFER AND OTHER RESTRICTIONS
SET FORTH IN THE SERIES D STOCK ARTICLES OF AMENDMENT, COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF THE ISSUER.” 

(b) The legend set forth in clause (iv) shall only apply to the Series D Stock. Upon request of the Investor, upon receipt by the
Company of an opinion of counsel reasonably satisfactory to the Company to the effect that such legend is no longer required under the Securities Act or applicable state laws, as the case may be, the Company shall promptly cause clause
(i) legend to be removed from any certificate for any Securities to be so transferred. On the first anniversary of the Closing, the Company shall, upon the written request of the Investor, cause clauses (i) and (ii) of the legend
shall be removed; provided that the Investor is not an Affiliate of the Company. The Investor acknowledges that the Securities are “restricted securities” and have not been registered under the Securities Act, under any state
securities laws or under the FSCMA and agrees that it shall not, directly or indirectly, Transfer any of the Securities, except in compliance with the registration requirements or exemption provisions of the Securities Act and any other applicable
securities laws. The Investor also acknowledges that, notwithstanding the removal of clause (ii) of the legend in accordance herewith, the Investor must comply with any registration and other requirements under the FSCMA that may apply in the
event that the Investor desires to carry out any transfer, sale or disposition of the Securities in a manner that would constitute a public offering under the FSCMA. 

 

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 Section 4.02 Reservation for Issuance. Following approval of the Shareholder
Proposals and prior to the conversion of the Securities, the Company shall reserve that number of Common Shares sufficient for issuance upon conversion of Securities owned at any time by the Investor. 

Section 4.03 Gross-up Rights. 

(a) Sale of New Securities. After the Closing, until the earlier of (x) the date on which the Investor no longer owns
Securities representing a Qualifying Ownership Interest (before giving effect to any issuances triggering provisions of this Section 4.03) or (y) the first anniversary of the Closing Date, at any time that the Company makes any public or
nonpublic offering or sale of any equity (including Common Stock, preferred stock or restricted stock), or any securities, options or debt that is convertible or exchangeable into equity or that includes an equity component (such as, an
“equity” kicker) (including any hybrid security) (any such security, a “New Security”) (other than (1) pursuant to the granting or exercise of employee stock options or other stock incentives pursuant to the
Company’s stock incentive plans approved by the Board of Directors (so long as the authorized awards under the Company’s stock incentive plans represent less than 10% of the outstanding shares of capital stock) or the issuance of stock
pursuant to the Company’s employee stock purchase plan approved by the Board of Directors or similar plan where stock is being issued or offered to a trust, other entity or otherwise, for the benefit of any employees, officers or directors of
the Company, in each case, in the ordinary course of providing incentive compensation, (2) issuances of capital stock as full or partial consideration for a merger, acquisition, joint venture, strategic alliance, license agreement or other
similar nonfinancing transaction, (3) issuances of shares of Common Stock upon the conversion or exercise of any convertible preferred stock or warrants issued in connection with the THL Investment, the Warburg Investment, the Other Private
Placements or the TARP Exchange, in each case, in accordance with the terms thereof as of the date hereof) or (4) issuances of rights, stock or other property pursuant to the Shareholder Rights Plan) the Investor shall be afforded the
opportunity to acquire from the Company for the same price (net of any underwriting discounts or sales commissions) and on the same terms as such securities are proposed to be offered to others, up to the amount of New Securities in the aggregate
required to enable it to maintain its proportionate Common Stock-equivalent interest in the Company immediately prior to any such issuance of New Securities. The amount of New Securities that the Investor shall be entitled to purchase in the
aggregate shall be determined by multiplying (x) the total number or principal amount of such offered New Securities by (y) a fraction, the numerator of which is the number of shares of Common Stock held by the Investor plus the number of
shares of Common Stock represented by the Series D Stock held by the Investor on an as-converted basis as of such date, and the denominator of which is the number of shares of Common Stock then outstanding plus the number of shares of Common Stock
represented by the Series B Stock and Series D Stock then outstanding (if any). 
  

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 (b) Notice. In the event the Company proposes to offer or sell New Securities that
are subject to the Investor’s rights under Section 4.03(a), it shall give the Investor written notice of its intention, describing the price (or range of prices), anticipated amount of securities, timing and other terms upon which the
Company proposes to offer the same (including, in the case of a registered public offering and to the extent possible, a copy of the prospectus included in the registration statement filed with respect to such offering), no later than five business
days, as the case may be, after the initial filing of a registration statement with the SEC with respect to an underwritten public offering, after the commencement of marketing with respect to a Rule 144A offering or after the Company proposes to
pursue any other offering. The Investor shall have five business days from the date of receipt of such a notice to notify the Company in writing that it intends to exercise its rights provided in this Section 4.03 and as to the amount of New
Securities the Investor desires to purchase, up to the maximum amount calculated pursuant to Section 4.03(a). Such notice shall constitute a nonbinding indication of interest of the Investor to purchase the amount of New Securities so specified
at the price and other terms set forth in the Company’s notice to it. The failure of the Investor to respond within such five business day period shall be deemed to be a waiver of the Investor’s rights under this Section 4.03 only
with respect to the offering described in the applicable notice. 
 (c) Purchase Mechanism. If the Investor exercises its
rights provided in this Section 4.03, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 50 calendar days after the giving of notice of such exercise, which period of
time shall be extended for a maximum of 30 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or stockholder approvals). Each of the Company and the Investor agree to use their commercially
reasonable efforts to secure any regulatory or stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities. 

(d) Failure of Purchase. In the event the Investor fails to exercise its rights provided in this Section 4.03 within the five
business day period described in Section 4.03(b) or, if so exercised, the Investor is unable to consummate such purchase within the time period specified in Section 4.03(c) above because of its failure to obtain any required regulatory or
stockholder consent or approval, the Company shall thereafter be entitled during the period of 120 days following the conclusion of the applicable period to sell or enter into an agreement (pursuant to which the sale of the New Securities covered
thereby shall be consummated, if at all, within 45 days from the date of such agreement) to sell the New Securities not elected to be purchased pursuant to this Section 4.03 or which the Investor is unable to purchase because of such failure to
obtain any such consent or approval, at a price and upon other terms that, taken in the aggregate, are not more favorable to the purchasers of such securities than were specified in the Company’s

  

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notice to the Investor. Notwithstanding the foregoing, if such sale is subject to the receipt of any regulatory or stockholder approval or consent or the expiration of any waiting period, the
time period during which such sale may be consummated shall be extended until the expiration of 10 business days after all such approvals or consents have been obtained or waiting periods expired, but in no event shall such time period exceed 120
days from the date of the applicable agreement with respect to such sale. 
 (e) Non-Cash Consideration. In the case of
the offering of securities for a consideration in whole or in part other than cash, including securities acquired in exchange therefor (other than securities by their terms so exchangeable), the consideration other than cash shall be deemed to be
the fair value thereof as determined by the Board of Directors; provided, however, that such fair value as determined by the Board of Directors shall not exceed the aggregate market price of the securities being offered as of the date the Board of
Directors authorizes the offering of such securities. 
 (f) Cooperation. The Company and the Investor shall cooperate in
good faith to facilitate the exercise of the Investor’s rights under this Section 4.03, including securing any required approvals or consents. 

Section 4.04 Exchange Listing. The Company shall promptly use its reasonable best efforts to cause the shares of Common
Stock reserved for issuance pursuant to the conversion of the shares of Series D Stock to be approved for listing on the NASDAQ, subject to official notice of issuance and upon receipt of the requisite approval by the Company’s shareholders of
the Shareholder Proposals, as promptly as practicable, and in any event before the Closing if permitted by the rules of the NASDAQ. 

Section 4.05 Registration Rights. 

(a) Registration. 

(i) Subject to the terms and conditions of this Agreement, the Company covenants and agrees that as
promptly as practicable after the Closing Date (and in any event, for all Registrable Securities (including the Series D Stock, if still outstanding, and Common Stock issued or issuable upon conversion of the Series D Stock), no later than the date
that is 30 days after the Closing Date, the Company shall have prepared and filed with the SEC one or more shelf registration statements (each, a “Shelf Registration Statement”) covering such Registrable Securities (or otherwise
designate an existing Shelf Registration Statement filed with the SEC to cover such Registrable Securities), and, to the extent the Shelf Registration Statement has not theretofore been declared effective or is not automatically effective upon such
filing, the Company shall use reasonable best efforts to cause such Shelf Registration Statement to be declared or become effective by the SEC on or prior to the
60th day following the filing thereof, provided
that the Company shall use reasonable best efforts to cause such Shelf Registration Statement to be declared effective no later than three business days after the receipt of written notice from the SEC that (A) it will not review the

  

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Company’s Shelf Registration Statement or (B) it has completed its review of and has no additional comments to or further requirements that would preclude the Company from requesting
that the Shelf Registration Statement be declared effective, and to keep such Shelf Registration Statement continuously effective and in compliance with the Securities Act and usable for resale of such Registrable Securities for a period from the
date of its initial effectiveness until the time as there are no such Registrable Securities remaining (including by refiling such Shelf Registration Statement (or a new Shelf Registration Statement) if the initial Shelf Registration Statement
expires). 
 (ii) Any registration pursuant to this Section 4.05(a) shall be effected by means of a shelf
registration under the Securities Act in accordance with the methods and distribution set forth in the Shelf Registration Statement and Rule 415. 

(iii) The Company shall not be required to effect a registration (including a resale of Registrable Securities from an
effective Shelf Registration Statement): 
 (A) with respect to securities that are not Registrable Securities;

 (B) during any Scheduled Black-out Periods; 

(C) if, during the 6-month period following the Closing, there is existing or pending any acquisition or probable
acquisition, business combination or other similar transaction (a “Material Event”) that, in the good faith judgment of the Board of Directors, would make it inappropriate or inadvisable to effect such registration to be effected at
such time, in which event the Company shall have the right to defer such registration during such period until, in the good faith judgment of the Board of Directors, public disclosure of such Material Event or the omission to disclose such Material
Event would not be prejudicial or contrary to the interests of the Company; or 
 (D) if the Company has notified
the Investor and all other Holders that in the good faith judgment of the Board of Directors, it would be materially detrimental to the Company or its security holders for such registration to be effected at such time, in which event the Company
shall have the right to defer such registration for a period of not more than 45 days after receipt of the request of the Investor or any other Holder; provided, that such right to delay a registration pursuant to this clause (D) shall
be exercised by the Company (x) only if the Company has generally exercised (or is concurrently exercising) similar black-out rights (if any) against holders of similar securities that have registration rights and (y) not more than two
times in any 12-month period and not more than 90 days in the aggregate in any 12-month period. 
  

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 (iv) If during any period when the Shelf Registration Statement is not
effective or available, the Company proposes to register any of its securities, other than a Special Registration, and the registration form to be filed may be used for the registration or qualification for distribution of Registrable Securities,
the Company shall give prompt written notice to the Investor and all other Holders of its intention to effect such a registration (but in no event less than ten days prior to the anticipated filing date) and shall include in such registration all
Registrable Securities with respect to which the Company has received written requests for inclusion therein within ten business days after the date of the Company’s notice (a “Piggyback Registration”). Any such person that has
made such a written request may withdraw its Registrable Securities from such Piggyback Registration by giving written notice to the Company and the managing underwriter, if any, on or before the fifth business day prior to the planned effective
date of such Piggyback Registration. The Company may terminate or withdraw any registration under this Section 4.05(a)(iv) prior to the effectiveness of such registration, whether or not the Investor or any other Holders have elected to include
Registrable Securities in such registration. 
 (v) If the registration referred to in Section 4.05(a)(iv)
is proposed to be underwritten, the Company shall so advise the Investor and all other Holders as a part of the written notice given pursuant to Section 4.05(a)(iv). In such event, the right of the Investor and all other Holders to registration
pursuant to this Section 4.05(a) shall be conditioned upon such persons’ participation in such underwriting and the inclusion of such persons’ Registrable Securities in the underwriting, and each such person shall (together with the
Company and the other persons distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by the Company. If any participating
person disapproves of the terms of the underwriting, such person may elect to withdraw therefrom by written notice to the Company, the managing underwriter and the Investor. 

(vi) If (x) the Company grants “piggyback” registration rights to one or more third parties to include
their securities in an underwritten offering under the Shelf Registration Statement or (y) a Piggyback Registration under Section 4.05(a)(iv) relates to an underwritten primary offering on behalf of the Company, and in either case the
managing underwriters advise the Company that in their reasonable opinion the number of securities requested to be included in such offering exceeds the number which can be sold without adversely affecting the marketability of such offering
(including an adverse effect on the per share offering price), the Company shall include in such registration or prospectus only such number of securities that in the reasonable opinion of such underwriters can

  

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be sold without adversely affecting the marketability of the offering (including an adverse effect on the per share offering price), which securities shall be so included in the following order
of priority: (i) first, in the case of a Piggyback Registration under Section 4.05(a)(iv), the securities the Company proposes to sell, (ii) second, Common Stock and other securities of the Company issued to Treasury,
(iii) third, (x) Registrable Securities (as defined in the THL Investment Agreement) of THL and all other Holders (as defined in the THL Investment Agreement) who have requested registration of such Registrable Securities pursuant to
Sections 4.10(a)(2) or 4.10(a)(4) of the THL Investment Agreement, (y) Registrable Securities (as defined in the WP Investment Agreement) of WP and all other Holders (as defined in the WP Investment Agreement) who have requested registration of
such Registrable Securities pursuant to Sections 4.10(a)(2) or 4.10(a)(4) of the WP Investment Agreement and (z) Registrable Securities of the Investor and all other Holders and any other persons exercising their piggyback registration rights
under the Other Private Placements who have requested registration of Registrable Securities pursuant to Section 4.05(a)(iv) (or corresponding sections of the other investment agreements entered into in connection with the Other Private
Placements), as applicable, pro rata on the basis of the aggregate number of such securities or shares owned by each such person and (iv) fourth, any other securities of the Company that have been requested to be so included, subject to
the terms of this Agreement. 
 (b) Expenses of Registration. All Registration Expenses incurred in connection with any
registration, qualification or compliance hereunder shall be borne by the Company. All Selling Expenses incurred in connection with any registration hereunder shall be borne by the Holders selling in such registration pro rata on the basis of
the aggregate number of securities or shares being sold. 
 (c) Obligations of the Company. The Company shall use its
reasonable best efforts for so long as there are Registrable Securities outstanding, to take such actions as are under its control to not become an ineligible issuer (as defined in Rule 405 under the Securities Act). In addition, whenever
required to effect the registration of any Registrable Securities or facilitate the distribution of Registrable Securities pursuant to an effective Shelf Registration Statement, the Company shall, as expeditiously as reasonably practicable:

 (i) Prepare and file with the SEC a prospectus supplement with respect to a proposed offering of Registrable
Securities pursuant to an effective registration statement, subject to Section 4.05(c), and keep such registration statement effective or such prospectus supplement current. 

(ii) Prepare and file with the SEC such amendments and supplements to the applicable registration statement and the
prospectus or prospectus supplement used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement.

  

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 (iii) Furnish to the Holders and any underwriters such number of copies of
the applicable registration statement and each such amendment and supplement thereto (including in each case all exhibits) and of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Securities Act, and such
other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned or to be distributed by them. 

(iv) Use its reasonable best efforts to register and qualify the securities covered by such registration statement under
such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holders or any managing underwriter(s), to keep such registration or qualification in effect for so long as such registration statement remains in
effect, and to take any other action which may be reasonably necessary to enable such seller to consummate the disposition in such jurisdictions of the securities owned by such Holder; provided, that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions. 

(v) Notify each Holder of Registrable Securities at any time when a prospectus relating thereto is required to be
delivered under the Securities Act of the happening of any event as a result of which the applicable prospectus, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances then existing. 
 (vi) Give
written notice to the Holders: 
 (A) when any registration statement filed pursuant to Section 4.05(a) or
any amendment thereto has been filed with the SEC (except for any amendment effected by the filing of a document with the SEC pursuant to the Exchange Act) and when such registration statement or any post-effective amendment thereto has become
effective; 
 (B) of any request by the SEC for amendments or supplements to any registration statement or the
prospectus included therein or for additional information; 
 (C) of the issuance by the SEC of any stop order
suspending the effectiveness of any registration statement or the initiation of any proceedings for that purpose; 
  

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 (D) of the receipt by the Company or its legal counsel of any notification
with respect to the suspension of the qualification of the Common Stock for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; 

(E) of the happening of any event that requires the Company to make changes in any effective registration statement or the
prospectus related to the registration statement in order to make the statements therein not misleading (which notice shall be accompanied by an instruction to suspend the use of the prospectus until the requisite changes have been made); and

 (F) if at any time the representations and warranties of the Company contained in any underwriting agreement
contemplated by Section 4.05(c) cease to be true and correct. 
 (vii) Use its reasonable best efforts to
prevent the issuance or obtain the withdrawal of any order suspending the effectiveness of any registration statement referred to in Section 4.05(c)(vi)(C) at the earliest practicable time. 

(viii) Upon the occurrence of any event contemplated by Section 4.05(c)(v) or Section 4.05(c)(vi)(E) and subject
to the Company’s rights under Section 4.05(d), the Company shall promptly prepare a post-effective amendment to such registration statement or a supplement to the related prospectus or file any other required document so that, as
thereafter delivered to the Holders and any underwriters, the prospectus shall not contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which
they were made, not misleading. 
 (ix) Use reasonable best efforts to procure the cooperation of the
Company’s transfer agent in settling any offering or sale of Registrable Securities, including with respect to the transfer of physical stock certificates into book-entry form in accordance with any procedures reasonably requested by the
Holders or any managing underwriter(s). 
 (x) Cause all such Registrable Securities to be listed on each
securities exchange on which the same class of securities issued by the Company are then listed or, if the same class of securities is not then listed on any securities exchange, use its reasonable best efforts to cause all such Registrable
Securities of such class to be listed on the New York Stock Exchange or the NASDAQ, as determined by the Company. 

(xi) If requested by Holders of a majority of the Registrable Securities being registered and/or sold in connection
therewith, or the managing underwriter(s), if any, promptly include in a prospectus supplement or amendment such information as the Holders of a majority of the Registrable Securities being registered and/or sold in connection therewith or managing
underwriter(s), if any, may reasonably request in order to permit the intended method of distribution of 
  

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such securities and make all required filings of such prospectus supplement or such amendment as soon as practicable after the Company has received such request. 

(xii) Timely provide to its security holders earning statements satisfying the provisions of Section 11(a) of the
Securities Act and Rule 158 thereunder. 
 (d) Suspension of Sales. During (i) any Scheduled Black-out Period
or (ii) upon receipt of written notice from the Company that a registration statement, prospectus or prospectus supplement contains or may contain an untrue statement of a material fact or omits or may omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading or that circumstances exist that make inadvisable use of such registration statement, prospectus or prospectus supplement, each Holder of Registrable Securities shall
forthwith discontinue disposition of Registrable Securities pursuant to such registration statement until termination of such Scheduled Black-out Period or until such Holder has received copies of a supplemented or amended prospectus or prospectus
supplement, or until such Holder is advised in writing by the Company that the use of the prospectus and, if applicable, prospectus supplement may be resumed, and, if so directed by the Company, such Holder shall deliver to the Company (at the
Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the prospectus and, if applicable, prospectus supplement covering such Registrable Securities current at the time of receipt of such
notice. The total number of days that any such suspension under clause (ii) of the foregoing may be in effect in any 12-month period shall not exceed 90 days, provided, however, that if there is existing or pending a Material Event that,
in the good faith judgment of the Board of Directors, would make use of the Shelf Registration Statement inappropriate or inadvisable at such time, the Company shall have the right to suspend such registration during the 6-month period following the
Closing until, in the good faith judgment of the Board of Directors, public disclosure of such Material Event or the omission to disclose such Material Event would not be prejudicial or contrary to the interests of the Company. 

(e) Termination of Registration Rights. A Holder’s registration rights as to any securities held by such Holder (and its
Affiliates, partners, members and former members) shall not be available unless such securities are Registrable Securities. 

(f) Furnishing Information. 

(i) Neither the Investor nor any Holder shall use any free writing prospectus (as defined in Rule 405) in connection with
the sale of Registrable Securities without the prior written consent of the Company. 
 (ii) It shall be a
condition precedent to the obligations of the Company to take any action pursuant to Section 4.05(c) that the Investor and/or the selling Holders and the underwriters, if any, shall furnish to the Company such information regarding themselves,
the Registrable Securities held by them and the intended method of disposition of such securities as shall be required to effect the registered offering of their Registrable Securities. 

 

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 (g) Indemnification. 

(i) The Company agrees to indemnify each Holder and, if a Holder is a person other than an individual, such Holder’s
officers, directors, employees, agents, representatives and Affiliates, and each person, if any, that controls a Holder within the meaning of the Securities Act (each, an “Indemnitee”), against any and all Losses, joint or several,
arising out of or based upon any untrue statement or alleged untrue statement of material fact contained in any registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto or any documents incorporated therein by reference or contained in any free writing prospectus (as such term is defined in Rule 405) prepared by the Company or authorized by it in writing for use by such Holder (or any amendment or
supplement thereto); or any omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that the
Company shall not be liable to such Indemnitee in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon (i) an untrue statement or
omission made in such registration statement, including any such preliminary prospectus or final prospectus contained therein or any such amendments or supplements thereto or contained in any free writing prospectus (as such term is defined in Rule
405) prepared by the Company or authorized by it in writing for use by such Holder (or any amendment or supplement thereto), in reliance upon and in conformity with information regarding such Indemnitee or its plan of distribution or ownership
interests which was furnished in writing to the Company by such Indemnitee for use in connection with such registration statement, including any such preliminary prospectus or final prospectus contained therein or any such amendments or supplements
thereto, or (ii) offers or sales effected by or on behalf such Indemnitee “by means of” (as defined in Rule 159A) a “free writing prospectus” (as defined in Rule 405) that was not authorized in writing by the Company.

 (ii) If the indemnification provided for in Section 4.05(g)(i) is unavailable to an Indemnitee with
respect to any Losses or is insufficient to hold the Indemnitee harmless as contemplated therein, then the Company, in lieu of indemnifying such Indemnitee, shall contribute to the amount paid or payable by such Indemnitee as a result of such Losses
in such proportion as is appropriate to reflect the relative fault of the Indemnitee, on the one hand, and the Company, on the other hand, in connection with the statements or omissions which resulted in such Losses as well as any other relevant
equitable considerations. The relative fault of the Company, on the one hand, and of the Indemnitee, on the other hand, shall be determined by reference to, among other factors, whether the untrue

  

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statement of a material fact or omission to state a material fact relates to information supplied by the Company or by the Indemnitee and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission; the Company and each Holder agree that it would not be just and equitable if contribution pursuant to this Section 4.05(g)(ii) were determined by pro rata
allocation or by any other method of allocation that does not take account of the equitable considerations referred to in Section 4.05(g)(i). No Indemnitee guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from the Company if the Company was not guilty of such fraudulent misrepresentation. 

(h) Assignment of Registration Rights. The rights of the Investor to registration of Registrable Securities pursuant to
Section 4.05(a) may be assigned by the Investor to a transferee or assignee of Registrable Securities to which (i) there is transferred to such transferee no less than an aggregate amount of 15,000,000 shares (subject to adjustment for
forward or reverse stock splits, stock dividends or combinations) of Common Stock constituting Registrable Securities and (ii) such Transfer is permitted under the terms hereof; provided, however, that the transferor shall, within
ten days after such transfer, furnish to the Company written notice of the name and address of such transferee or assignee and the number and type of Registrable Securities that are being assigned. 

(i) Holdback. With respect to any underwritten offering of Registrable Securities by the Investor or other Holders pursuant to
this Section 4.05, the Company agrees not to effect (other than pursuant to such registration or pursuant to a Special Registration) any public sale or distribution, or to file any Shelf Registration Statement (other than such registration or a
Special Registration) covering any of its equity securities, or any securities convertible into or exchangeable or exercisable for such securities, during the period not to exceed ten days prior and 60 days following the effective date of such
offering or such longer period up to 90 days as may be requested by the managing underwriter. The Company also agrees to cause each of its directors and senior executive officers to execute and deliver customary lockup agreements in such form and
for such time period up to 90 days as may be requested by the managing underwriter. “Special Registration” means the registration of (i) equity securities and/or options or other rights in respect thereof solely registered on
Form S-4 or Form S-8 (or successor form) or (ii) shares of equity securities and/or options or other rights in respect thereof to be offered to directors, members of management, employees, consultants, customers, lenders or vendors of the
Company or the Company Subsidiaries or in connection with dividend reinvestment plans. 
 (j) Rule 144 Reporting.
With a view to making available to the Investor and Holders the benefits of certain rules and regulations of the SEC which may permit the sale of the Registrable Securities to the public without registration, the Company agrees to use its reasonable
best efforts to: 
 (i) make and keep public information available, as those terms are understood and defined in
Rule 144(c)(1) or any similar or analogous rule promulgated under the Securities Act, at all times after the effective date of this Agreement; 
  

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 (ii) so long as the Investor or a Holder owns any Registrable Securities,
furnish to the Investor or such Holder forthwith upon request: (x) a written statement by the Company as to its compliance with the reporting requirements of Rule 144 under the Securities Act, and of the Exchange Act; (y) a copy of
the most recent annual or quarterly report of the Company; and (z) such other reports and documents as the Investor or Holder may reasonably request in availing itself of any rule or regulation of the SEC allowing it to sell any such securities
without registration; and 
 (iii) to take such further action as any Holder may reasonably request, all to the
extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act. 

(k) As used in this Section 4.05, the following terms shall have the following respective meanings: 

(i) “Holder” means the Investor and any other holder of Registrable Securities to whom the registration
rights conferred by this Agreement have been transferred in compliance with Section 4.05(h) hereof. 
 (ii)
“Register,” “registered” and “registration” shall refer to a registration effected by preparing and (a) filing a registration statement in compliance with the Securities Act and applicable
rules and regulations thereunder, and the declaration or ordering of effectiveness of such registration statement or (b) filing a prospectus and/or prospectus supplement in respect of an appropriate effective registration statement on Form S-3.

 (iii) “Registrable Securities” means (A) all Common Stock held by the Investor from time
to time, (B) the shares of Common Stock issued or issuable pursuant to the conversion of the Series D Stock (C) to the extent that the Shareholder Proposals have not been approved within 120 days of the Closing Date, all Series D Stock
held by the Investor from time to time, and (D) any equity securities issued or issuable directly or indirectly with respect to the securities referred to in any of the foregoing clauses by way of conversion, exercise or exchange thereof or
stock dividend or stock split or in connection with a combination of shares, recapitalization, reclassification, merger, amalgamation, arrangement, consolidation or other reorganization, provided that, once issued, such securities shall not
be Registrable Securities when (i) they are sold pursuant to an effective registration statement under the Securities Act, (ii) they may be sold pursuant to Rule 144 without limitation thereunder on volume or manner of sale,
(iii) they shall have ceased to be outstanding or (iv) they have been sold in a 
  

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private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of the securities. No Registrable Securities may be registered under more than
one registration statement at one time. 
 (iv) “Registration Expenses” means all expenses
incurred by the Company in effecting any registration pursuant to this Agreement (whether or not any registration or prospectus becomes effective or final) or otherwise complying with its obligations under this Section 4.05, including, without
limitation, all registration, filing and listing fees, printing expenses, fees and disbursements of counsel for the Company, blue sky fees and expenses, expenses incurred in connection with any “road show” and expenses of the
Company’s independent accountants in connection with any regular or special reviews or audits incident to or required by any such registration, but shall not include Selling Expenses and the compensation of regular employees of the Company,
which shall be paid in any event by the Company. 
 (v) “Rule 144,” “Rule 158,”
“Rule 159A,” “Rule 405” and “Rule 415” mean, in each case, such rule promulgated under the Securities Act (or any successor provision), as the same shall be amended from time to time. 

(vi) “Scheduled Black-out Period” means the period from and including the 15th day of the third month of
a fiscal quarter of the Company to and including the business day after the day on which the Company publicly releases its earnings for such fiscal quarter. 

(vii) “Selling Expenses” means all discounts, selling commissions and stock transfer taxes applicable to
the sale of Registrable Securities and fees and disbursements of counsel for any Holder. 
 (l) At any time, any holder of
Shares (including any Holder) may elect to forfeit its rights set forth in this Section 4.05 from that date forward; provided, that a Holder forfeiting such rights shall nonetheless be entitled to participate under
Section 4.05(a)(iv) through Section 4.05(a)(vi) in any Pending Underwritten Offering to the same extent that such Holder would have been entitled to if the holder had not withdrawn; and provided, further, that no such
forfeiture shall terminate a Holder’s rights or obligations under Section 4.05(f) with respect to any prior registration or Pending Underwritten Offering. “Pending Underwritten Offering” means, with respect to any Holder
forfeiting its rights pursuant to this Section 4.05(l), any underwritten offering of Registrable Securities in which such Holder has advised the Company of its intent to register its Registrable Securities pursuant to Section 4.05(a)(iv)
prior to the date of such Holder’s forfeiture. 
 Section 4.06 Confidentiality Agreement. Notwithstanding
anything herein to the contrary, any confidentiality agreement between the Company and the Investor relating to confidential information provided by the Company to the Investor for the purpose of evaluating an investment in the Company (a
“Confidentiality Agreement”), except to the extent previously terminated or waived in writing by the Company, shall remain in full force and effect in accordance with its terms. 

 

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 Section 4.07 Articles of Amendment. In connection with the Closing and subject
to the Par Value Change, the Company shall file the Series D Stock Articles of Amendment for the Series D Stock in the State of Washington, and such Series D Stock Articles of Amendment shall continue to be in full force and effect as of the Closing
Date. 
 Section 4.08 No Change in Control. The Company shall and shall cause the Company Subsidiaries to take all
actions necessary to ensure that none of the transactions contemplated by this Agreement, the THL Investment, the WP Investment, the Other Private Placements, the TARP Exchange and the exchange, repurchase, redemption or other similar transaction or
payments of any distributions thereon, in each case, if any, of or with respect to, as applicable, any of the trust preferred securities issued by certain vehicles associated with the Company, to the extent (x) consummated or (y) the
Company having entered into an agreement or understanding in relation thereto on or prior to the Closing (a “TruPS Exchange”), if any, individually or in the aggregate, shall give rise to a change in control under, or result in the
breach or the violation of, or the acceleration of any right under, or result in any additional rights, or the triggering of any antidilution adjustment under the Stock Plans or any other contract or agreement to which the Company or any Company
Subsidiary is a party, including without limitation having any such contracts or agreements waived in writing or amended prior to Closing. 

Section 4.09 Listing Authorization. The Company (i) shall use its reasonable best efforts to cause promptly following
the approval of the Shareholder Proposals and prior to their issuance, all Common Shares issuable upon conversion of the Series D Stock and (ii) shall use its reasonable best efforts to cause, not later than the date that is 120 days after the
Closing Date, the Series D Stock, if still outstanding, in each of (i) and (ii), to have been authorized for listing on the NASDAQ or such other market on which the Common Stock is then listed or quoted subject to official notice of issuance.

 Section 4.10 Indemnity. 

(a) The Company agrees to indemnify and hold harmless the Investor and its Affiliates and each of their respective officers, directors,
partners, employees and agents, and each person who controls the Investor within the meaning of the Exchange Act and the rules and regulations promulgated thereunder (collectively, the “Investor Indemnified Parties”), to the fullest
extent lawful, from and against any and all actions, suits, claims, proceedings, costs, losses, liabilities, damages, expenses (including reasonable out-of-pocket attorneys’ fees, expenses and disbursements), amounts paid in settlement and
other costs (collectively, “Losses”) arising out of or resulting from any inaccuracy in or breach of the Company’s representations, warranties or certifications, as applicable (x) in this Agreement or (y) in the
certificate delivered pursuant to Section 1.02(b)(xi) and the Company’s breach of agreements or covenants made by the Company in this Agreement (other than any Losses attributable to the errors or omissions on the part of the Investor,

  

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but not including the transactions contemplated hereby and other than any Losses relating to any specific claim where proceedings are initiated by the Investor or any Investor Indemnified Party
where the Investor or such Indemnified Party is not the substantially prevailing party with respect to such claim). 
 (b) The
Investor agrees to indemnify and hold harmless each of the Company and its Affiliates and each of their respective officers, directors, partners, employees and agents, and each person who controls the Company within the meaning of the Exchange Act
and the rules and regulations promulgated thereunder (collectively, the “Company Indemnified Parties”), to the fullest extent lawful, from and against any and all Losses arising out of or resulting from any inaccuracy in or breach
of the Investor’s representations or warranties in this Agreement or the Investor’s breach of agreements or covenants made by the Investor in this Agreement. 

(c) A party entitled to indemnification hereunder (each, an “Indemnified Party”) shall give written notice to the party
indemnifying it (the “Indemnifying Party”) of any claim with respect to which it seeks indemnification promptly after the discovery by such Indemnified Party of any matters giving rise to a claim for indemnification; provided, that
the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 4.10 unless and to the extent that the Indemnifying Party shall have been actually prejudiced
by the failure of such Indemnified Party to so notify such party. Such notice shall describe in reasonable detail such claim. In case any such action, suit, claim or proceeding is brought against an Indemnified Party, the Indemnified Party shall be
entitled to hire, at the cost and expense of the Indemnifying Party counsel and conduct the defense thereof; provided, however, that the Indemnifying Party shall only be liable for the legal fees and expenses of one law firm for all Indemnified
Parties, taken together with regard to any single action or group of related actions. If the Indemnifying Party assumes the defense of any claim, all Indemnified Parties shall thereafter deliver to the Indemnifying Party copies of all notices and
documents (including court papers) received by the Indemnified Party relating to the claim, and any Indemnified Party shall cooperate in the defense or prosecution of such claim. Such cooperation shall include the retention and (upon the
Indemnifying Party’s request) the provision to the Indemnifying Party of records and information that are reasonably relevant to such claim, and making employees available on a mutually convenient basis to provide additional information and
explanation of any material provided hereunder. The Indemnifying Party shall not be liable for any settlement of any action, suit, claim or proceeding effected without its written consent; provided, however, that the Indemnifying Party shall not
unreasonably withhold, delay or condition its consent. The Indemnifying Party further agrees that it shall not, without the Indemnified Party’s prior written consent (which shall not be unreasonably withheld or delayed), settle or compromise
any claim or consent to entry of any judgment in respect thereof in any pending or threatened action, suit, claim or proceeding in respect of which indemnification has been sought hereunder unless such settlement or compromise includes an
unconditional release of such Indemnified Party from all liability arising out of such action, suit, claim or proceeding. 
  

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 (d) The Company shall not be required to indemnify any Investor Indemnified Party
(1) for any claim pursuant to Section 4.10(a) if the amount of Losses incurred with respect to such claim are less than $50,000 (any claim involving Losses less than such amount being referred to as a “De Minimis Claim”)
(it being understood and agreed that one or more related claims shall be treated as one claim for purposes of determining whether such $50,000 threshold has been met) and (2) unless and until the aggregate amount of all Losses incurred with
respect to all claims (excluding any De Minimis Claims) pursuant to Section 4.10(a) exceed $1,500,000, in which event the Company shall be responsible for the amount of such excess. The Investor shall not be required to indemnify any Company
Indemnified Parties (1) for any claim pursuant to Section 4.10(b) if the amount of Losses incurred with respect to such claim are less than $50,000 (any claim involving Losses less than such amount being referred to as a “De
Minimis Claim” and (2) unless and until the aggregate amount of all Losses incurred with respect to all claims (excluding any De Minimis Claims) pursuant to Section 4.10(b) exceed $1,500,000, in which event the Investor shall be
responsible for the amount of such excess. 
 (e) No indemnity obligation under this Section 4.10 shall result from a
breach of the representation set forth in Section 2.02(c) to the extent that such breach is fully remedied by an adjustment under Section 6.16 hereof. The cumulative indemnification obligation of (1) the Company to all of the Investor
Indemnified Parties or (2) the Investor to all of the Company Indemnified Parties, in each case, for inaccuracies in or breaches of representations and warranties, shall in no event exceed the Purchase Price. 

(f) The obligations of the Indemnifying Party under this Section 4.10 shall survive the Transfer, redemption or conversion of the
Securities issued pursuant to this Agreement, or the closing or termination of this Agreement and any other Transaction Document. The indemnity provided for in this Section 4.10 shall be the sole and exclusive monetary remedy of Indemnified
Parties after the Closing for any inaccuracy of any representation or warranty or any other breach of any covenant or agreement contained in this Agreement; provided, that nothing herein shall limit in any way any such party’s remedies in
respect of intentional and willful fraud, intentional and willful misrepresentation or omission or intentional and willful misconduct by the other party in connection with the transactions contemplated hereby. No party to this Agreement (or any of
its Affiliates) shall, in any event, be liable or otherwise responsible to any other party (or any of its Affiliates) for any consequential or punitive damages of such other party (or any of its Affiliates) arising out of or relating to this
Agreement or the performance or breach hereof. The indemnification rights contained in this Section 4.10 are not limited or deemed waived by any investigation or knowledge by the Indemnified Party prior to or after the date hereof. 

(g) Any indemnification payments pursuant to this Section 4.10 shall be treated as an adjustment to the Purchase Price for the
Securities for U.S. federal income and applicable state and local Tax purposes, unless a different treatment is required by applicable law. 
  

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 Section 4.11 Continued Listing Authorization. The Company shall take all steps
necessary to prevent the Common Shares from being delisted from the NASDAQ as a result of failure to comply with NASDAQ Listing Rule 5450(a)(1), including, effecting a reverse stock split of the Common Stock, if necessary, to comply with NASDAQ
Listing Rule 5450(a)(1). 
 Section 4.12 Most Favored Nation. The Company shall not offer any investors in the Other
Private Placements, or any other capital raising transaction occurring at the same time as the transactions contemplated by this Agreement (excluding the THL Investment and the Warburg Investment), terms more favorable, in form or substance, than
those offered in connection with the Investment, unless the Investor is also provided with such terms. 
 Section 4.13
Certain Other Transactions. 
 (a) During the one-year period following the Closing, notwithstanding anything in this
Agreement to the contrary, the Company shall not directly or indirectly effect or cause to be effected any transaction with a third party that would reasonably be expected to result in a Change in Control unless such third party shall have provided
prior assurance in writing to the Investor (in a form that is reasonably satisfactory to the Investor) that the terms of this Agreement shall be fully performed (i) by the Company or (ii) by such third party if it is the successor of the
Company or if the Company is its direct or indirect subsidiary. For the avoidance of doubt, it is understood and agreed that, in the event that a Change in Control occurs on or prior to the Closing, the Investor shall maintain the right under this
Agreement to acquire, pursuant to the terms and conditions of this Agreement, the Securities (or such shares of stock or other securities or property (including cash) into which the Securities may have become exchangeable as a result of such Change
in Control), as if the Closing had occurred immediately prior to such Change in Control. 
 (b) In the event that, at or prior
to the Closing, (i) the number of shares of Common Stock or securities convertible or exchangeable into or exercisable for shares of Common Stock issued and outstanding as of the Acceptance Date is changed as a result of any reclassification,
stock split (including reverse split), stock dividend or distribution (including any dividend or distribution of securities convertible or exchangeable into or exercisable for shares of Common Stock), merger, tender or exchange offer or other
similar transaction (other than the TARP Exchange, the THL Investment, the WP Investment or the Other Private Placements), or (ii) the Company fixes a record date that is at or prior to the Closing Date for the payment of any non-stock dividend
or distribution on the Common Stock other than any Ordinary Cash Dividends, then the number of shares of Common Stock and Series D Stock to be issued to the Investor at the Closing under this Agreement shall be equitably adjusted and/or the shares
of Common Stock and Series D Stock to be issued to the Investor at the Closing under this Agreement shall be equitably substituted with shares of other stock or securities or property (including cash), in each case, to provide the Investor with
substantially the same 
  

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economic benefit from this Agreement as the Investor had prior to the applicable transaction as determined in good faith by the Company’s Board of Directors. Notwithstanding anything in this
Agreement to the contrary, in no event shall the Purchase Price or any component thereof be changed by the foregoing. 
 (c) In
the event that, at or prior to the Closing, there occurs any distribution, issuance or other transaction that would result in any adjustment or give rise to any right under Section 7 of the Series D Stock Articles of Amendment if the applicable
transaction were to occur after the Closing, then the form of the Series D Stock Articles of Amendment shall be amended, automatically and without action on the part of the parties to this Agreement, to reflect any adjustment to or right in respect
of (x) the Conversion Rate (as defined in the Series D Stock Articles of Amendment) and (y) the amount and nature of shares of stock or other securities or property (including cash) that a holder of Series D Stock would receive upon the
conversion of the Series D Stock Articles of Amendment, in each case, that would be effected or created in accordance with Section 7 of the Series D Stock Articles of Amendment as if the Series D Stock Articles of Amendment had been issued to
the Investor on the date of this Agreement and were in effect at the time of the applicable transaction. In connection with such amendment, all references to the Series D Stock Articles of Amendment in this Agreement shall be conformed,
automatically and without action on the part of the parties to this Agreement; provided, however, that notwithstanding anything in this Agreement to the contrary, in no event shall the Purchase Price or any component thereof be changed by the
foregoing. 
 (d) Notwithstanding anything in the foregoing, the provisions of this Section 4.13 shall not be triggered by
(i) the transactions contemplated by the Other Private Placements, (ii) the transactions contemplated by the TARP Exchange, (iii) any issuances of shares of the Series E Stock or Common Stock under the terms of the Shareholder Rights
Plan (including upon exercise of Rights (as defined in the Shareholder Rights Plan) issued pursuant thereto), or (iv) any issuances of options, restricted stock units or other equity-based awards granted to newly-appointed directors, employees
or consultants of the Company at or around the same time as the Investment, the THL Investment, the WP Investment, the Other Private Placements and the TARP Exchange, or the issuance of Common Stock to such persons, including upon exercise of any
such options (not to exceed 2.5% of the capital stock of the Company on a fully-diluted basis). 
 Section 4.14 Transfer
Restrictions. 
 (a) The Investor shall comply with the transfer restrictions set forth in the Charter Amendment Proposal as
if the Charter Amendment Proposal had been approved and effective as of the Closing Date (until such time as the Charter Amendment Proposal actually is approved and effective). 

(b) An Investor not in the Republic of Korea may not sell, assign or transfer any of the Securities it holds to a Korean resident (as
defined in the Foreign Exchange 
  

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Transaction Law of Korea) within one year from the issuance date of such Securities, and an Investor in the Republic of Korea may not sell, assign or transfer any of the Securities it holds to
another Korean resident other than to a professional investor (as defined in the Enforcement Decree of the FSCMA) within one year from the issuance date of such Securities, provided that, in each case, such restrictions shall not apply to
transactions effected through a U.S. securities exchange. 
 Section 4.15 Additional Regulatory Matters. So long as
the Investor has a Qualifying Ownership Interest, the Company shall not take any action, (including, any redemption, repurchase or recapitalization of Common Stock, of securities or rights, options, or warrants to purchase Common Stock, or
securities of any type whatsoever that are, or may become, convertible into or exchangeable into or exercisable for Common Stock in each case, where the Investor is not given the right to participate in such redemption, repurchase or
recapitalization to the extent of the Investor’s pro rata proportion) that, based on the advice of legal, could cause the Investor or any of its Affiliates to be deemed to become, or “control”, a “bank holding company” with
respect to the Company and its Affiliates within the meaning of the BHC Act, including the rules and regulations promulgated thereunder (or any successor provision); provided, however, that the Company shall not be deemed to have violated this
Section 4.15 if it has given the Investor the opportunity to participate in such redemption, recapitalization or repurchase to the extent of the Investor’s pro rata proportion and the Investor fails to so participate. 

In the event that the Company breaches its obligations under this Section 4.15 or believes that it is reasonably likely to breach
such obligations, it shall immediately notify the Investor and shall cooperate in good faith with the Investor to modify an ownership or other arrangements or take any other action, in each case, as is necessary to cure or avoid such breach.

 ARTICLE 5 

Termination 

Section 5.01 Termination. This Agreement shall be terminated prior to the Closing: 

(a) by mutual written agreement of the Company and the Investor; 

(b) by the Company or the Investor, upon written notice to the other parties, in the event that the Closing does not occur on or before
the 15th business day following the Acceptance Date (subject to automatic extension until the 20th business day following the Acceptance Date if by such 15th business day (1) THL has not received from the Board of Governors of the Federal
Reserve System written confirmation, satisfactory to THL in its reasonable judgment, to the effect that neither THL nor any of its Affiliates (which for purposes of this paragraph shall include all “affiliates” as defined in the Bank
Holding Company Act of 1956 (the “BHC Act”) or Regulation Y of the Federal Reserve) 
  

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shall be deemed to control the Company or any Company Subsidiary after the closing of the THL Investment for purposes of the BHC Act, or (2) WP has not received from the Board of Governors
of the Federal Reserve System written confirmation, satisfactory to WP in its reasonable judgment, to the effect that neither WP nor any of its Affiliates shall be deemed to control the Company or any Company Subsidiary after the closing of the WP
Investment for purposes of the BHC Act) (the “Transaction Deadline”); provided, however, that the right to terminate this Agreement pursuant to this Section 5.01(b) shall not be available to any party whose
failure to fulfill any obligation under this Agreement shall have been the cause of, or shall have resulted in, the failure of the Closing to occur on or prior to such date; 

(c) by the Company or the Investor, upon written notice to the other parties, in the event that any Governmental Entity shall have issued
any order, decree or injunction or taken any other action restraining, enjoining or prohibiting any of the transactions contemplated by this Agreement, and such order, decree, injunction or other action shall have become final and nonappealable; or

 (d) by the Company or the Investor, upon termination of the THL Investment Agreement or the WP Investment Agreement.

 Section 5.02 Effects of Termination. In the event of any termination of this Agreement as provided in
Section 5.01, this Agreement (other than this Section 5.02 and Article 6 (excluding Section 6.16), which shall remain in full force and effect) shall forthwith become wholly void and of no further force and effect; provided,
that nothing herein shall relieve any party from liability for willful breach of this Agreement. 
 ARTICLE 6 

Miscellaneous 

Section 6.01 Survival. Each of the representations and warranties set forth in this Agreement shall survive the Closing under
this Agreement but only for a period of fifteen months following the Closing Date (or until final resolution of any claim or action arising from the breach of any such representation and warranty, if notice of such breach was provided prior to the
end of such period) and thereafter shall expire and have no further force and effect, including in respect of Section 4.10; provided, that the representations and warranties in Section 2.02(a), 2.02(b), 2.02(c), 2.02(d), 2.03(a), and
2.03(b) shall survive indefinitely and the representations and warranties in Section 2.02(i), 2.03(f) and 2.03(l) shall survive until 60 days after the expiration of the applicable statutory periods of limitations. Except as otherwise provided
herein, all covenants and agreements contained herein shall survive for the duration of any statutes of limitations applicable thereto or until, by their respective terms, they are no longer operative. 

Section 6.02 Amendment. No amendment of this Agreement shall be effective with respect to any party unless made in writing
and signed by an officer of a duly authorized representative of such party. 
  

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 Section 6.03 Waivers. No failure or delay by any party in exercising any right,
power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The conditions to each
party’s obligation to consummate the Closing are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable law. No waiver of any party to this Agreement shall be effective
unless it is in a writing signed by a duly authorized officer of the waiving party that makes express reference to the provision or provisions subject to such waiver; provided, however, that in the case of a waiver by the Investor of
any of the conditions set forth in Section 1.02, such waiver need not be signed but instead may be in the form of an email from the email address provided by the Investor on the signature page to the Subscription Agreement attached hereto.

 Section 6.04 Counterparts and Facsimile. For the convenience of the parties hereto, this Agreement may be
executed in any number of separate counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement. Executed signature pages to this Agreement may be delivered by
facsimile and such facsimiles shall be deemed as sufficient as if actual signature pages had been delivered. 

Section 6.05 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York applicable to contracts made and to be performed entirely within such State. The parties hereby irrevocably and unconditionally consent to submit to the exclusive jurisdiction of the state and federal courts located in the State of New York for
any actions, suits or proceedings arising out of or relating to this Agreement and the transactions contemplated hereby. 

Section 6.06 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN
ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 6.07
Venue; Appointment of Agent for Service of Process. 
 (a) The Investor irrevocably waives, to the fullest extent
permitted by law, any objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought
in an inconvenient forum. To the extent that the Investor has or hereafter may acquire any immunity (on the grounds of sovereignty or otherwise) from the jurisdiction of any court or from any legal process with respect to itself or its property, the
Investor irrevocably waives, to the fullest extent permitted by law, such immunity in respect of any such suit, action or proceeding. 

(b) The Investor hereby appoints the agent indicated on the signature page to this Agreement as its agent for service of process in any
suit, action or proceeding described in the preceding paragraph and agrees that service of process in any such suit, 

 

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action or proceeding may be made upon it at the office of such agent. The Investor waives, to the fullest extent permitted by law, any other requirements of or objections to personal jurisdiction
with respect thereto. The Investor represents and warrants that such agent has agreed to act as its agent for service of process, and agrees to take any and all action, including the filing of any and all documents and instruments, that may be
necessary to continue such appointment in full force and effect. The provisions of this Section 6.07(b) shall only apply to the Investor if such Investor is a corporation, partnership or any other entity organized under the laws of the Republic
of Korea or an individual residing in the Republic of Korea. 
 Section 6.08 Judgment Currency. If for the purposes
of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate
at which in accordance with normal banking procedures the Placement Agents could purchase United States dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. 

Section 6.09 Notices. Any notice, request, instruction or other document to be given hereunder by any party to the other
shall be in writing and shall be deemed to have been duly given (a) on the date of delivery if delivered personally or by telecopy or facsimile, upon confirmation of receipt, (b) on the first business day following the date of dispatch if
delivered by a recognized next-day courier service, or (c) on the third business day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered
as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice. 

(a) If to the Investor, at the address set forth on the signature page to this Agreement. 

(b) If to the Company: 

Sterling Financial Corporation 

111 North Wall Street 

Spokane, WA 99201 

Attn: J. Gregory Seibly 

Facsimile: (509) 358-6191 
  

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 with a copy to (which copy alone shall not constitute notice): 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, New York 10017 

Attn: John L. Douglas 

          Sarah K. Solum 

Facsimile: (212) 701-5145 

                  (650) 752-3611

 and 

Witherspoon Kelley 

422 W. Riverside Avenue, Suite 1100 

Spokane, WA 99201 

Attn: Andrew J. Schultheis 

Facsimile: (509) 458-2728 

Section 6.10 Entire Agreement, Etc. (a) This Agreement (including the Exhibits and Disclosure Schedules hereto), the
Transaction Documents and any Confidentiality Agreement constitute the entire agreement, and supersede all other prior agreements, understandings, representations and warranties, both written and oral, between the parties, with respect to the
subject matter hereof; and (b) this Agreement shall not be assignable by operation of law or otherwise (any attempted assignment in contravention hereof being null and void), except that the Investor shall be permitted to assign its rights or
obligations hereunder as provided in Section 4.05. 
 Section 6.11 Other Definitions. Wherever required by the
context of this Agreement, the singular shall include the plural and vice versa, and the masculine gender shall include the feminine and neuter genders and vice versa, and references to any agreement, document or instrument shall be deemed to refer
to such agreement, document or instrument as amended, supplemented or modified from time to time. All article, section, paragraph or clause references not attributed to a particular document shall be references to such parts of this Agreement, and
all exhibit, annex and schedule references not attributed to a particular document shall be references to such exhibits, annexes and schedules to this Agreement. When used herein: 

(i) the term “Affiliate” means, with respect to any person, any person directly or indirectly
Controlling, Controlled by or under Common Control with, such other person. 
 (ii) “Control”
(including, with correlative meanings, the terms “Controlling,” “Controlled by” and “under Common Control with”), when used with respect to any person, means the possession, directly or indirectly,
of the power to cause the direction of management and/or policies of such person, whether through the ownership of voting securities by contract or otherwise; 
  

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 (iii) “Transaction Documents” refers collectively to this
Agreement and the Series D Stock Articles of Amendment; 
 (iv) the word “or” is not exclusive;

 (v) the words “including,” “includes,” “included” and
“include” are deemed to be followed by the words “without limitation”; 
 (vi)
the terms “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision; 

(vii) “business day” means any day except Saturday, Sunday and any day which shall be a legal holiday or
a day on which banking institutions in the State of New York generally are authorized or required by law or other governmental actions to close; 

(viii) “person” has the meaning given to it in Section 3(a)(9) of the Exchange Act and as used in
Sections 13(d)(3) and 14(d)(2) of the Exchange Act; 
 (ix) “Beneficially Own,”
“Beneficial Owner” and “Beneficial Ownership” are defined in Rules 13d-3 and 13d-5 of the Exchange Act; and 

(x) “to the knowledge of the Company” or “Company’s knowledge” means the actual
knowledge after due inquiry of the officers of the Company listed on Section 6.11(ix) of the Disclosure Schedule. 

(xi) “Change in Control” means, with respect to the Company, the occurrence of any one of the following
events: 
 (A) individuals who, on the date of this Agreement, constitute the Board of Directors (the
“Incumbent Directors”) cease for any reason to constitute at least a majority of the Board of Directors; provided that any person becoming a director subsequent to the date of this Agreement whose election or nomination for
election was approved by a vote of at least two-thirds of the Incumbent Directors then on the Board of Directors (either by a specific vote or by approval of the proxy statement of the relevant party in which such person is named as a nominee for
director, without written objection to such nomination) shall be an Incumbent Director (except that no individuals who were not directors at the time any agreement or understanding with respect to any Business Combination or contested election is
reached shall be treated as Incumbent Directors for the purposes of clause (C) below with respect to such Business Combination or this paragraph in the case of a contested election); provided, further, that each of the board
representatives designated pursuant to the THL Investment Agreement and WP Investment Agreement will be treated as an Incumbent Director even if the person designated to be such board representative should change; 

 

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 (B) any person is or becomes a Beneficial Owner (other than the Treasury and
each of WP and THL and their Affiliates), directly or indirectly, of 20% of the aggregate voting power of the Voting Securities; provided, however, that the event described in this clause (B) will not be deemed a Change in Control
by virtue of any holdings or acquisitions: (i) by the Company or any of the Company Subsidiaries, (ii) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any of the Company Subsidiaries;
provided that such holdings or acquisitions by any such plan (other than any plan maintained under Section 401(k) of the Internal Revenue Code of 1986, as amended) do not exceed 20% of the then outstanding Voting Securities,
(iii) by any underwriter temporarily holding securities pursuant to an offering of such securities or (iv) pursuant to a Non-Qualifying Transaction; 

(C) the consummation of a merger, consolidation, statutory share exchange or similar transaction that requires adoption by
the Company’s shareholders (a “Business Combination”), unless immediately following such Business Combination: (x) more than 50% of the total voting power of the corporation resulting from such Business Combination (the
“Surviving Corporation”), or, if applicable, the ultimate parent corporation that directly or indirectly has Beneficial Ownership of 100% of the voting securities eligible to elect directors of the Surviving Corporation (the
“Parent Corporation”), is represented by Voting Securities that were outstanding immediately before such Business Combination (or, if applicable, is represented by shares into which such Voting Securities were converted pursuant to
such Business Combination), and (y) at least a majority of the members of the board of directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation) following the consummation of the Business Combination
were Incumbent Directors at the time the Company’s Board of Directors approved the execution of the initial agreement providing for such Business Combination (any Business Combination which satisfies all of the criteria specified in
(x) and (y) above will be deemed a “Non-Qualifying Transaction”); or 
 (D) the
shareholders of the Company approve a plan of liquidation or dissolution of the Company or a sale of all or substantially all of the Company’s assets. 

(xii) “made available” means information set forth in documents contained in a data room prepared by the
Company for use by the Investor, it being understood that access to such data room was made available prior to the 
  

 -78- 

 
date of this Agreement to each Investor that executed and delivered a Confidentiality Agreement with the Company in customary form. Investors that have not signed Confidentiality Agreements with
the Company, at their election, have not had access to the data room. 
 (xiii) “Voting
Securities” shall mean at any time shares of any class of capital stock of the Company that are then entitled to vote generally in the election of directors. 

(xiv) “Ordinary Cash Dividends” means the portion, if any, of any cash dividend that (i) is made out
of surplus or net profits legally available therefor (determined in accordance with generally accepted accounting principles, consistently applied) and (ii) does not exceed $4,500,000 per quarter in the aggregate. 

(xv) “Qualifying Ownership Interest” means 3.0% or more of the number of shares of Common Stock (counting
(i) as shares of Common Stock owned by the Investor and outstanding, all shares of Common Stock into which Series D Shares owned by the Investor are convertible and (ii) as shares outstanding, (A) all shares of Common Stock into which
shares of Series B Stock and Series D Stock then outstanding are convertible and (B) excluding all Common Shares issued by the Company after the Closing Date other than as contemplated by this Agreement and the Securities). 

Section 6.12 Captions. The article, section, paragraph and clause captions herein are for convenience of reference only, do
not constitute part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. 

Section 6.13 Severability. If any provision of this Agreement or the application thereof to any person (including, the
officers and directors of the Investor and the Company) or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to persons or
circumstances other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the
transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination, the parties shall negotiate in good faith in an effort to agree upon a suitable and equitable substitute provision to effect the
original intent of the parties. 
 Section 6.14 No Third Party Beneficiaries. Except as set forth in the following
sentence, nothing contained in this Agreement, expressed or implied, is intended to confer upon any person other than the parties hereto, any benefit, right or remedies, except that the provisions of Section 4.05 shall inure to the benefit of
the persons referred to in those Sections. The Company and the Investor agree that the Placement Agents, as placement agents for the Shares, shall be third party beneficiaries of the representations, warranties and agreements made or given by the
parties hereunder. 
  

 -79- 

 Section 6.15 Time of Essence. Time is of the essence in the performance of each
and every term of this Agreement. 
 Section 6.16 Certain Adjustments. If (i) the representations and
warranties set forth in Section 2.02(c) shall not be true and correct as of the Closing Date and (ii) if and to the extent that an adjustment is made pursuant to either Section 6.14 of the THL Investment Agreement or Section 6.14
of the WP Investment Agreement, the number of shares of Common Stock, the number of shares of Series D Stock to be purchased by the Investor and the number of shares of Common Stock issuable upon conversion thereof shall be proportionately adjusted
to provide the Investor the same economic effect as contemplated by this Agreement in the absence of such failure to be true and correct as determined in good faith by the Board of Directors of the Company. 

Section 6.17 Public Announcements. Subject to the Investor’s disclosure obligations imposed by law or regulation, the
Investor shall not make any news release or public disclosure with regard to this Agreement and any of the transactions contemplated hereby without first consulting with the Company and receiving its written consent (which shall not be unreasonably
withheld or delayed), and each party shall coordinate with the other with respect to any such news release or public disclosure. The Company shall not publicly disclose the name of the Investor, any Affiliate or any advisor to the Investor, or
include the name of the Investor, any Affiliate of or advisor to the Investor in any news release or public disclosure, without the prior written consent of the Investor, except as required by applicable law or regulation, in which case the Company
shall use reasonable efforts to provide the Investor with prior written notice of such disclosure. 
 Section 6.18 No
Recourse. This Agreement may only be enforced against the named parties hereto. All claims or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may
be made only against the entities that are expressly identified as parties hereto or that are subject to the terms hereof, and no past, present or future director, officer, employee, incorporator, member, manager, partner, stockholder, Affiliate,
agent, attorney or representative of the Investor or any other party hereto (including any person negotiating or executing this Agreement on behalf of a party hereto) shall have any liability or obligation with respect to this Agreement or with
respect to any claim or cause of action, whether in tort, contract or otherwise, that may arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement and the transactions contemplated hereby and thereby.

  

 -80- 

 APPENDIX I 

SELLING SHAREHOLDER QUESTIONNAIRE 

The undersigned beneficial owner of Common Stock (the “Common Stock”) and Series D Convertible Participating Voting Preferred
Stock (“Series D Preferred Stock”) of Sterling Financial Corporation (the “Company”) understands that Sterling has filed or intends to file with the Securities and Exchange Commission (the “Commission”) a Registration
Statement for the registration and resale of Common Stock and Series D Convertible Preferred Stock that qualifies as Registrable Securities, in accordance with the terms of a Subscription Agreement (the “Subscription Agreement”) between
Sterling and the Investor(s) named therein. All capitalized terms used and not otherwise defined herein shall have the meanings ascribed thereto in the Subscription Agreement. 

The undersigned hereby provides the following information to the Company and represents and warrants that such information is accurate:

 QUESTIONNAIRE 

1. Name. 
 (a)
Full Legal Name of Selling Securityholder 
  

			
		 	  

(b) Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities Listed in Item 3
below are held: 
  

			
		 	  

(c) Full Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power to
vote or dispose of the securities covered by the questionnaire): 
  

			
		 	  

  

 -81- 

 2. Address for Notices to Selling Securityholder: 

 

			
		 	  

		
		 	  

		
		 	  

 

			
	   Telephone:
	 	  

 

			
	   Fax:
	 	  

 

			
	   Contact Person:
	 	  

3. Beneficial Ownership of Registrable Securities: 

Type and Number of Shares of Registrable Securities beneficially
owned1 and purchased pursuant to the Subscription
Agreement: 
  

					
		 	Common 
Stock2:	 	  

 

					
		 	Series D Preferred Stock:	 	  

4. Broker-Dealer Status: 

(a) Are you a broker-dealer? 

Yes   ̈            
No   ̈ 
  

	1
	 Securities “beneficially owned” would include securities held by you for your own benefit, whether in bearer form or registered in your own
name or otherwise (regardless of whether or how they are registered), such as, for example, securities held for you by custodians, brokers, relatives, executors, administrators or trustees, and securities held for your account by pledgees,
securities owned by a partnership in which you are a member, and securities owned by any corporation which is or should be regarded as a personal holding corporation of yours. You are also considered to be the beneficial owner of a security if you,
directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise have or share: (1) voting power, which includes the power to vote, or to direct the voting of, such security or (2) investment power, which
includes the power to dispose, or to direct the disposition, of such security. You are also the beneficial owner of a security if you, directly or indirectly, create or use a trust, proxy, power of attorney, pooling arrangement or any other
contract, arrangement or device with the purpose or effect of divesting yourself of beneficial ownership of a security or preventing the vesting of such beneficial ownership. Finally, you are deemed to be the beneficial owner of a security if you
have the right to acquire beneficial ownership of such security at any time within sixty days, including but not limited to any right to acquire (a) through the exercise of any option, warrant or right, (b) through the conversion of a
security, (c) pursuant to the power to revoke a trust, discretionary account or similar arrangement or (d) pursuant to the automatic termination of a trust, discretionary account or similar arrangement. 

	2
	 For this item, do not include shares of Common Stock beneficially owned solely by virtue of owning the Series D Preferred Stock

  

 82 

 Note: If yes, the Commission’s staff has indicated that you should be identified as an
underwriter in the Registration Statement. 
 (b) Are you an affiliate of a broker-dealer? 

Yes   ̈            
No   ̈ 
 (c) If you are an affiliate of a broker-dealer, do you certify
that you bought the Registrable Securities in the ordinary course of business, and at the time of the purchase of the Registrable Securities to be resold, you had no agreements or understandings, directly or indirectly, with any person to distribute
the Registrable Securities? 

Yes   ̈            
No   ̈ 
 Note: If no, the Commission’s staff has indicated that
you should be identified as an underwriter in the Registration Statement. 
 5. Beneficial Ownership of Securities of the
Company Other than the Registrable Securities Owned by the Selling Securityholder. 
 Except as set forth below in this
Item 5, the undersigned is not the beneficial or registered owner of any securities of the Company other than the Registrable Securities listed above in Item 3. 

Type and Amount of Other Securities beneficially owned by the Selling Securityholder: 

 

			
		
		  	  

		
		  	  

		
		  	  

6. Relationships with the Company: 

Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners
of 5% of more of the equity securities of the undersigned) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. 

State any exceptions here: 
  

			
		
		  	  

  

 -83- 

 7. Please fill in the table below as you would like it to appear in the Registration
Statement. Include footnotes where appropriate. 
  

							
	 Name of Selling

Shareholder
	 	 Number of Shares of

Common Stock
 Beneficially Owned

Prior to Offering3
	 	 Maximum Number

of Shares of Common Stock
 to be Sold

Pursuant to this Prospectus
	 	 Number of Shares of

Common Stock Beneficially
 Owned

After Offering

		 		 		 	
		 		 		 	

  

							
	 Name of Selling

Shareholder
	 	 Number of Shares of Series

D Preferred Stock
 Beneficially Owned

Prior to Offering
	 	 Maximum Number

of Shares of Series D
 Preferred Stock to be Sold

 Pursuant to this Prospectus
	 	 Number of Shares of Series

D Preferred Stock
 Beneficially Owned

After Offering

		 		 		 	
		 		 		 	

 The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the
information provided herein that may occur subsequent to the date hereof and prior to the Effective Date for the Registration Statement. 

By signing below, the undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through 7 and
the inclusion of such information in the Registration Statement and the related prospectus. The undersigned understands that such information will be relied upon by the Company in connection with the preparation or amendment of the Registration
Statement and the related prospectus. 
 IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent. 
  

									
	Dated:	  	  
	  		  	Beneficial Owner:	  	  

									
					
		  		  		  	By:	  	  

		  		  		  	Name:	  	
		  		  		  	Title:	  	

  

	3
	 Do not include shares of Common Stock beneficially owned solely by virtue of owning the Series D Preferred Stock 

 

 -84- 

 PLEASE (1) FAX OR EMAIL A COPY OF THE COMPLETED AND EXECUTED 

NOTICE AND QUESTIONNAIRE, AND (2) RETURN THE ORIGINAL BY 

OVERNIGHT MAIL, TO: 

Davis Polk & Wardwell LLP 

1600 El Camino Real 

Menlo Park, CA 94040 

Attn: Caroline Perry 

Facsimile: (650) 752-3662 

Email: sterlingdocs@davispolk.com 
  

 -85-Agreement regarding the acquisition of ViSS business from ASB

 EXHIBIT 4.23 

(English translation) 

ViSS Business Transfer Contract 

Party A: Alcatel-Lucent Shanghai Bell Co., Ltd. (hereinafter “ASB”) 

Domicile: No.388 Ningqiao Road, Jinqiao Export Processing Zone, Pudong New District, Shanghai 

Legal representative: Yuan Xin 
 Post: Chairman

 Party B: Vimicro Electronics Corporation (hereinafter “Vimicro”) 

Domicile: F2, Block A1, Tianjin University Science Park, No.80
4th Street, Tianjin Economic and Technological Development
Zone 
 Legal representative: Deng Zhonghan 

Post: Chairman 
 Whereas Board of Directors,
shareholders and relevant approval departments of ASB and Vimicro have both considered it appropriate and acceptable for ASB to transfer and Vimicro to accept the assets, liabilities and interests related to ViSS business; 

Whereas both Parties intend to determine the principles and other arrangements with regards to the spin-off and the acquisition of ViSS business in this
contract (hereinafter, the “Contract”); 
 Whereas both Parties agree to enter into this Contract to make arrangement for issues such
as relevant assets, liabilities, and human resources; 
  

 1 

 Therefore, the Parties have agreed as follows: 

 

	1	Subject Matter of Transaction 

  

	1.1	ASB transfers its ViSS business as the subject matter to Vimicro as referred to the appendices hereof, which specifically refer to the application system of video
intelligent surveillance system software of telecom operator level developed by ASB (hereinafter the “ViSS product(s)”), and relevant current version, fixed assets, inventory, relevant contracts, intellectual property, and employees.

  

	1.2	The application system complies with one or more than one of following standards: 

 

	 	1.2.1	China Telecom Global E-Eye Video Surveillance System Spec (R1.0, R2.0, R2.5, R2.75); 

 

	 	1.2.2	China Telecom Mobile Video Surveillance System Spec; 

  

	 	1.2.3	China Telecom Residential Video Surveillance System Spec (Y2008); 

  

	 	1.2.4	China Netcom Video Surveillance System Spec (Y2007, Y2008). 

  

	1.3	The application platform system supports IP WAN/LAN network-based centralized video operation and maintenance functions (the “Functions”):

  

	 	1.3.1	CMS/EMS: Central/Element Management Server including database 

  

	 	1.3.2	SMG: Stream Media Gateway Server 

  

	 	1.3.3	CSG: Controlling Signaling Gateway Server 

  

	 	1.3.4	Radius: AAA/Billing Server 

  

	 	1.3.5	SA: Storage Agent Server 

  

	 	1.3.6	AS: Alarm Server 

  

	 	1.3.7	VAU: Video Access Unit Server with internal RSTP server 

  

	 	1.3.8	Carrier Management Client 

  

	 	1.3.9	Enterprise Management Client 

  

	 	1.3.10	Monitoring Management Client 

  

	 	1.3.11	Video Matrix software integrated with 3rd parties’ matrix card 

  

	 	1.3.12	API 

  

	1.4	The application system does not include any hardware or Operating System (such as Unix, Linux, Windows, Windows Mobile, and Brew), database (such as Oracle, MySQL), or
middleware (such as Tomcat) software, or any stream media product (i.e. PSS unit referred to in China Telecom Mobile Video Surveillance System Spec) 

 

 2 

	2	Consideration and Payment 

  

	2.1	The Parties agree that the consideration for transfer of ViSS business shall be RMB twenty nine million three hundred and fifty seven thousand two hundred and fifty
nine yuan (RMB 29,357,259). 

  

	2.2	The consideration includes benchmark value of fixed assets of RMB one million three hundred and twenty nine thousand eight hundred and fifty one yuan (RMB1,329,851),
benchmark value of inventory of RMB one million thirteen thousand eight hundred and seventy one yuan (RMB 1,013,871), and benchmark value of intellectual property of RMB twenty seven million thirteen thousand five hundred and thirty six yuan (RMB
27,013,536). The adjustment of payment shall be made as follows: 

  

	 	2.2.1	In case the account value of fixed assets and inventory delivered by ASB on the closing date differs from the benchmark value, the amount of payment shall be adjusted
for the difference. For the part more than the benchmark value, the amount of payment shall be increased accordingly; for the part less than the benchmark value, the amount of payment shall be decreased accordingly. If the total adjusted amount for
fixed assets and inventory is less than RMB one hundred thousand yuan (RMB 100,000), no adjustment will be made. 

  

	2.3	The amount of payment after adjustment shall be the actual amount which needs to be paid by Vimicro (hereinafter the “Actual Payable Amount”).

  

	2.4	On the closing date, Vimicro shall pay ninety percent (90%) of the Actual Payable Amount (subject to Article 2.3 hereof) to ASB by telegraphic transfer with large
payment system of the People’s Bank (hereinafter the “First Installment”), which shall be transferred to ASB’s account before 17:00 of the closing date; otherwise ASB will not handle delivery procedures. 

 

	2.5	In case Article 2.4 hereof has not been fully performed within stipulated time, the observing party may unilaterally decide either to continue to perform this Contract,
or after consultation, terminate all business contracts under negotiation and partly performed between the Parties under this Contract. The observing party shall be entitled to claim damages for any economic loss arising out of or in connection with
the breaching party’s liabilities. 

  

	2.6	The rest part of Actual Payable Amount (see definition in Article 2.3 hereof) after deducting the First Installment (see definition in Article 2.4 hereof) shall be paid
by Vimicro to ASB on the expiry date of delivery period by telegraphic transfer with the large payment system of the People’s Bank, which shall be transferred to ASB’s account before 17:00 of that date; otherwise ASB shall be entitled to
claim the breaching party’s default liabilities for any overdue payment. 

  

	3	Signing and Delivery 

  

	3.1	Upon agreement on the business transfer between the Parties, respective authorized representatives shall sign this Contract on a preliminary basis.

  

	3.2	After preliminary signing of this Contract, neither party shall positively promote or negatively indulge the occurrence or progress of any event with a material
negative effect hereto. 

  

 3 

	3.3	After preliminary signing, both Parties shall respectively report their board of directors and relevant approval authority, and shall formally sign this Contract after
obtaining respective approval, the date of which shall be considered as effective date of this Contract. Within thirty (30) days upon preliminary signing, except as delayed by the Parties through consultation, if the Parties fail to formally
sign this Contract, the preparation work for formal signing shall automatically terminate, and the preliminary signing will not have any effect upon both Parties. 

 

	3.4	The Parties have agreed that September 1, 2009 shall be the closing date. In case of any divergence on delivery between the Parties on the closing date, the
Parties may re-determine a new closing date through consultation. If the Parties fail to agree on the new closing date before August 31, the Parties agree to adopt the original closing date. In case of change of delivery conditions before the
closing date, either party shall not unreasonably refuse to determine a new closing date. The “Intellectual Property Transfer and License Agreement” shall be signed on the closing date upon confirmation of receipt of the First Installment,
and within five working days ASB shall deliver all intellectual property materials and the personnel files of all employees who would have signed the tripartite agreement to Vimicro, which shall be a significant obligation of ASB on the closing date
upon completion of payment. The delivery period shall be consecutive twelve (12) working days as of the closing date, during which the Parties must complete the transference and delivery of the ownership of the assets. 

 

	4	Delivery of Physical Assets 

  

	4.1	ASB shall ensure that it’s the only legal beneficiary owner of transferred physical assets, and there will not be any limitation or any negative effect on use,
transfer, sale or other means of disposing such transferred physical assets by Vimicro due to lien, mortgage, guarantee, lease agreement, licensing or rights of any third party. ASB’s physical assets to be transferred shall be kept in good
conditions, and are regularly and properly maintained before the closing date. 

  

	4.2	Physical assets under this Contract shall include the inventory (see Appendix A hereof) and fixed assets (see Appendix B hereof).

  

	4.3	Inventory refers to all inventories specified in Appendix A, including materials and goods stored in ASB’s warehouse for ViSS production and shall be
subject to those actually delivered by ASB on the closing date. The list of fixed assets may refer to Appendix B and shall be subject to those actually delivered by ASB on the closing date. 

 

	4.4	ASB shall make representation of quality, title condition and defects of transferred physical assets in the appendix, including quality, service life, and performance
etc without omission, fraud or misrepresentation. 

  

	4.5	Assets transferred by ASB must meet relevant requirements as specified. ASB shall also provide other necessary assisting materials as required by Vimicro, as well as
intellectual property licenses specified in Article 7.1 hereof that have installed and operated on the fixed assets. 

  

	4.6	During the delivery period, Vimicro shall complete the transference of all inventories and fixed assets and the receipt of relevant bills and documents, and ASB shall
provide relevant necessary cooperation. 

  

 4 

	4.7	The expiration of delivery period shall be deemed that Vimicro has recognized the quality and performance of transferred physical assets. Vimicro shall undertake not to
claim any rights against ASB for any defect of the transferred physical assets discovered or incurred upon expiration of delivery period. 

  

	5	Contracts Succession 

  

	5.1	The contracts to be succeeded herein refer to sales contracts or agreements related to ViSS business entered into between ASB and any third party before the closing
date and that have not expired or been terminated. Appendix C has specified the names, contracting parties, and other relevant information of contracts to be succeeded. ASB shall report relevant information of contracts entered into by ASB
from the preliminary signing hereof to the closing date to Vimicro. 

  

	5.2	For sales contracts or agreements specified in Appendix C entered into between ASB and any third party where accounts payable have not been collected, ASB shall
assist Vimicro to negotiate with customers to enter into new contracts among three parties, so that Vimicro can continue to perform obligations and rights of original contracts as one party. 

 

	5.3	For sales contracts or agreements specified in Appendix C entered into between ASB and any third party that have been partly performed where accounts payable
have been collected, ASB shall enter into relevant agreements with Vimicro including service stipulations, specific terms and conditions of which shall be referred to in Appendix D Contracts Takeover and Service Agreements, so that Vimicro
can continue to perform rights and obligations of ASB in original contracts, except as otherwise stipulated herein. 

  

	5.4	For the contracts including ViSS and other products entered into by ASB, ASB will transfer relevant part involving ViSS to Vimicro in the way of subcontracting, and ASB
will enter into agreements with Vimicro including service stipulations, specific terms and conditions of which shall be referred to Appendix D Contracts Takeover and Service Agreements. The Parties may additionally enter into supplementary
agreements with the Contract. ASB shall provide a list of contracts to be succeeded during the delivery period, duplicates (including electronic version) of contracts for information including but not limited to contract name, contracting parties,
performance status, payment and receipt progress, brief introduction of conditions, and delivery of relevant bills and documents. Vimicro shall take the contracts on the list upon confirmation. 

 

	5.5	The brief introduction of conditions provided by ASB to Vimicro shall only be limited to objective conditions that could be detected and predicted by ASB currently and
shall not include any subjective judgment. 

  

	5.6	The succession of such contracts shall be deemed as effective as of the closing date. 

 

	5.7	ASB will transfer both rights and obligations therein to Vimicro (refer to Appendix D for specific rights and obligations). 

 

	5.8	Except as stipulated by Article 5.2 hereof, when ASB transfers ViSS business to Vimicro, the external relation of contracts shall still be ASB and respective customer;
however, Vimicro will succeed and continue to perform rights and obligations therein in accordance with executive standard and requirements not below original ones (refer to Appendix D for specific contents). 

 

 5 

	5.9	Except as otherwise stipulated herein, as contract obligations succeeded by Vimicro shall be performed by Vimicro due to transfer of ViSS business, all legal
liabilities related to contracts during performance shall be equally and simultaneously transferred to Vimicro pursuant to back-to-back principle while ASB undertake such liabilities to customers. In no condition, legal liabilities arising from
ASB’s fault shall be solely undertaken by ASB. This article shall be essential with regards to ViSS business transfer (refer to Appendix D for details). 

 

	5.10	Except as otherwise stipulated herein, the rights, obligations and liabilities of ASB under the original contracts succeeded by Vimicro shall be undertaken by Vimicro.
In case of any dispute with customers after transfer, Vimicro shall negotiate with customers and settle claims proposed by customers pursuant to contracts, and shall finally undertake default or infringement liability; in case of any dispute arising
from disagreement of contracts succession by customers, Vimicro and ASB shall negotiate with each other to settle such disputes. Any legal liability arising from ASB’s fault shall be solely undertaken by ASB (refer to Appendix D for
details). 

  

	5.11	ASB commits to provide any necessary assistance to Vimicro for performance of obligations in contracts and post-contract thereof: 

 

	 	5.11.1	The Parties agree to sign any additional agreement to market ViSS products by utilization of existent ASB’s marketing network, and Vimicro will pay proper
commission to ASB (refer to Appendix J Sales Agency Agreement for details); 

  

	 	5.11.2	ASB will provide local project manager service, including local customer management and services and notification to Vimicro etc (refer to Appendix D for
cooperation method and payment); 

  

	 	5.11.3	ASB shall introduce Vimicro information on relevant engineering companies of subcontractors, so Vimicro may negotiate with them by itself; 

 

	 	5.11.4	ASB shall provide 7*24 call center service, and Vimicro shall provide relevant coordinators and communication information (refer to Appendix D for cooperation
method and payment); 

  

	 	5.11.5	Upon Vimicro’s request, ASB shall disclose suppliers’ names and relevant procurement information to make assistance to the execution of contracts for Vimicro
without breaching the confidential obligation to any third party. The procurement contracts will not be within the scope of transfer; 

  

	5.12	After the closing date, Vimicro shall undertake the maintenance obligation not completed by ASB in contracts entered into before the closing date, and provide
buyers/users with product after-sale service and maintenance service within the guarantee period in accordance with regulations of original sales contracts. 

  

 6 

	5.13	After the closing date, if any third-party customer claims against ASB or file a lawsuit or apply for arbitration for the part performed by Vimicro or unsolved issues
before the closing date, Vimicro shall take any effective measures to defend against or undertake finally administrative liabilities or civil liabilities negotiated or judged to ensure that ASB will be free from aforesaid claim or arbitration or
lawsuit. In no condition, any legal liability arising from ASB’s fault shall be undertaken by ASB. 

  

	6	Compensation for Contracts Succession 

  

	6.1	ASB agrees to pay Vimicro a total amount of RMB six million and twelve thousand yuan (RMB 6,012,000) as the compensation for contracts succession. In case of any
excess, it shall be limited to sixteen percent (16%) of the amount, and such article shall only remain effective before December 31, 2012. The compensation shall be fall into two types: 

 

	 	6.1.1	First type: for the contracts the final acceptance has not been completed before the closing date, the total amount of compensation shall be RMB four million three
hundred and one thousand six hundred (RMB 4,301,600), which shall be decided pursuant to goods receipt confirmation and acceptance (primary acceptance and final acceptance) under each contract. For the compensations for goods receipt confirmation,
primary acceptance, and final acceptance under each contract, refer to other tables for details. For the contracts where the final acceptance has not been completed before the closing date, after the final acceptance, guarantee period shall become
effective, such contracts shall be classified into the second type of contracts; 

  

	 	6.1.2	Second type: for the contracts where the final acceptance has been completed and the guarantee period is still effective, the total amount of compensation shall be RMB
one million seven hundred and ten thousand and four hundred yuan (RMB 1,710,400), which shall be verified and determined by the Parties pursuant to the progress and quality of maintenance and shall be paid on a quarterly basis.

  

	6.2	The compensation shall be paid on a quarterly basis. After the end of every last quarter (e.g. Q1), data of last quarter (Q1) will be calculated in this quarter (Q2)
based on above classification, and compensation will be paid within first twenty (20) working days of the next quarter (Q3). 

  

	6.3	Refer to Appendix D for details of performance, delivery, communication and cooperation of the contracts which have not been completed after the closing date.

  

	7	Intellectual Property 

  

	7.1	The transferred intellectual property herein only refers to that owned by ASB and only used for ViSS business, including software, design, know-how, technical
materials, source codes, R&D files, technical documents, and relevant papers (see details in Appendix F). 

  

	7.2	For the patents related to ViSS business authorized or being applied for by the first day of delivery period, ASB shall grant Vimicro free of charge and non-exclusive
license to use such patents and handle the process of registration of license contract for patent exploitation within the scope as defined for the subject matter hereof. 

 

 7 

 ASB shall license Vimicro to use the trademark of “Bell” free of charge in
Mainland of China before the end of 2010 to produce, use, offer for sale, and sell ViSS products; in other words, since January 1 of 2011, part or whole of all products or equipment delivered to ViSS product buyers shall not be with the
trademark of “Bell”. Such license shall not be transferred or sublicensed and is non-exclusive. Vimicro shall perform the following obligations for use of licensed trademark: 

 

	 	7.2.1	Vimicro shall only use the licensed trademark in a way or manner as stipulated by ASB, and shall not add any other marks on the trademark without prior written consent
of ASB; 

  

	 	7.2.2	Vimicro shall only use the licensed trademark on ViSS products; 

  

	 	7.2.3	Vimicro shall be entitled to authorize its manufacturer to use “Bell” trademark on ViSS products pursuant to ASB’s standard for trademark use;
nevertheless, such manufacturer shall only provide ViSS products to Vimicro and shall not provide such products to any third party; 

  

	 	7.2.4	Within the license period of trademark, Vimicro shall ensure quality of products with such trademark or trademark use method meet ASB’s requirements, and ASB shall
be entitled to conduct quality control to its products. 

  

	 	7.2.5	Guarantee and compensation: Vimicro shall guarantee and undertake to make compensation for any and all actions, complaints, and lawsuits against ViSS products, and
relevant losses, damages, costs, attorney fees, and other expenses incurred during the process of production, assembly, advertising, promotion, offering, marketing or distribution for Vimicro’s reason at or after ViSS business separation and
delivery. Vimicro shall provide all reasonable and necessary assistance to ASB when ASB fight against lawsuits incurred during the process of production, assembly, advertising, promotion, offering, marketing or distribution for Vimicro’s reason
at or after ViSS business separation and delivery. 

  

	 	7.2.6	Relation with other contracts/agreements: the effect of articles on registered trademark license in the master contract shall prevail the relevant articles in other
contracts/agreements with regards to registered trademark license entered into between the Parties. 

  

	 	7.2.7	The above articles shall not be construed to prevent ASB, its associates, other licensees and transferees from using of such registered trademark on any manufactured or
marketed products or any service in other cases. 

  

	7.3	ASB shall be entitled to terminate the license of aforesaid trademark if Vimicro: 

 

	 	7.3.1	Abuses such trademark, including but not limited to noncompliance with ASB’s standard for trademark use; 

 

	 	7.3.2	Uses such licensed trademark on other products in addition to ViSS products; 

 

	 	7.3.3	Sublicenses such trademark to any third party, not including OEM of ViSS products as designated by Vimicro; 

 

	 	7.3.4	The quality of products with such licensed trademark does not comply with relevant quality standards of ASB; 

 

 8 

	 	7.3.5	Vimicro merges with any company or sell or transfer any business assets related to such trademark; or it discontinue or intends to discontinue the business related to
such know-how or registered trademark, or become insolvent in relevant business; or it mortgage or pledge most of its assets for its creditors. 

  

	7.4	Up to the closing date, ASB shall be the sole and legal owner of the intellectual property, which will not be subject to lien, mortgage, guarantee, lease agreement,
licensing or any other rights of third party. 

  

	7.5	ASB does not have any assurance, encumbrance, or any third party’s rights, period, order, regulation or other limitations or claims that will or may cause negative
effect to the rights of Vimicro to use, transfer or other means to dispose the intellectual property and the assets value of such intellectual property. 

  

	7.6	The Parties shall enter into the Intellectual Property Transfer Contract and License Contract (see Appendix F) on the closing date and handle relevant
procedures. 

  

	8	Account Receivable 

  

	8.1	All accounts receivable related to ViSS business before the closing date (refer to Appendix G Collection Assistance Agreement for breakdown and amount) shall not
be transferred to Vimicro. Up to August of 2009, the total amount of accounts receivable is estimated to be RMB fifty six million one hundred and seventy five thousand and thirty nine yuan (RMB56,175,039). 

 

	8.2	Vimicro shall endeavor to assist ASB to collect relevant accounts receivable above defined, including but not limited to designate relevant personnel to negotiate with
customers. Vimicro will enter into a specific Collection Assistance Agreement (Appendix G) with ASB. 

  

	8.3	With regards to collection assistance provided by Vimicro, ASB shall pay Vimicro some commission, the amount of which shall be calculated pursuant to the proportion of
amount actually collected by ASB to the total amount of accounts receivable. The commission ratio of accounts receivable in Y06/07 contracts shall be 10%, and 5% for Y08/09 contracts. 

 

	8.4	At the end of each quarter, the Parties shall verify and determine the actually collected amount of accounts receivable and amount of commission payable. The amount of
commission shall be calculated on a quarterly basis based on data of the last quarter, and paid to Vimicro within twenty (20) working days of the next quarter. 

 

 9 

	9	Employees Transfer and Delivery 

  

	9.1	ASB shall provide Vimicro with the basic information on affected employees (refer to Appendix H for details) within two (2) weeks upon preliminary signing
of this Contract, including job title, labor relation category and term, and salary of such employees as well as all personnel records, and shall ensure all trueness of materials provided. Within thirty (30) days upon preliminary signing,
except as delayed by the Parties’ consent, if the Parties fail to officially sign this Contract, Vimicro shall return the basic information on affected employees (refer to Appendix H for details), and automatically destroy all records.

  

	9.2	The Parties shall enter into a tripartite agreement among the Parties and the employees choosing to join Vimicro through consultation between the effective date and the
closing date, and ASB must transfer the personnel files of all employees who have signed the tripartite agreement with Vimicro on the closing date. The Parties shall closely cooperate to promote transferring of most employees and key employees. The
Parties specifically agree that if this Contract becomes effective, the salary of employees choosing to join and work in Vimicro shall be calculated from (or traced back to) September 1, 2009, and will be paid by Vimicro independent of ASB
since that day. ASB will only be responsible for receiving and delivering salary on behalf of employees before they complete dismission procedures. This paragraph shall prevail to any special stipulation herein and in the appendices hereto (if any).

  

	9.3	Employees choosing to join Vimicro will terminate labor contracts with ASB through consultation, and will sign a tripartite agreement, whereby ASB will pay them
economic compensation with the principle of N+1. N+1 means monthly salary base × service year in the company (N) + salary of 1 month, where the monthly salary basis can be classified into two categories: the first category refers to the
monthly average pre-tax income in the twelve (12) months before dismission without upper limit, applicable to service year starting before December 31, 2007; the second category has a upper limit of three (3) times of social monthly
average income, applicable to service year starting from January 1, 2008 and ending on termination of labor contracts with ASB. Henceforth, ASB will automatically terminate its service year liability to employees, and the service year of
employees in Vimicro will start from the effective date of new labor contract executed with Vimicro, and the service year in ASB will not be continued. 

  

	9.4	 The above economic compensation will be paid in installments. Within fifteen (15) working days after the employee signs labor contract with Party B,
ASB will pay the employee one third ( 1/3) of
the economic compensation. Within thirty (30) working days after one (1) full year of service in Vimicro, ASB will pay another one third ( 1
/3) of the economic compensation upon confirmation of the employee’s one year service in and currently effective employment by Party B.
Within thirty (30) working days after two (2) full years of service in Vimicro, ASB will pay the last one third
( 1/3) of the economic compensation upon
confirmation of the employee’s two years of service in and currently effective employment by Party B. In case the employee leaves Vimicro upon his/her own request during such a period, it would be deemed as waiver of the deserved part of the
economic compensation as per the above-mentioned schedule. Unless the employee actively leaves Vimicro, in case Party B terminates the labor contract with the employee during such a period in any manner, Party A shall, within thirty (30) days
of termination, pay the employee the rest part of economic compensation as specified in a lump sum. 

  

 10 

	9.5	For employees choosing to join Vimicro, Vimicro will undertake that within twenty four (24) months after joining Vimicro, such employees will have a salary no less
than the amount provided by ASB under the original labor contracts, and that in case of cancellation or termination of labor and employment relation after joining Vimicro, where economic compensation shall be paid to employees in accordance with
legal regulations, Vimicro shall settle the compensation independently, the process and result of which shall be independent of ASB. 

  

	9.6	ASB undertakes to perform obligations under existent labor contracts between affected employees and ASB pursuant to labor laws and regulations, and obligations under
the labor contract between the affected employee and Vimicro pursuant to labor laws and regulations shall be fully undertaken and performed by Vimicro. 

  

	9.7	If the affected employees refuse to join Vimicro, such employees terminate work relation with ASB through negotiation or in other means, and obtain the economic
compensation. Neither party hereof shall employ such employees or set up any kind of labor relation or employment relation through third party within three years upon effectiveness of this Contract. If either party employs such employees without
consent of the other party, such party must pay a penalty to the other party with amount of basic salary of last twelve (12) months of such employees in ASB. 

 

	9.8	ASB shall ensure that before official signing of ViSS Business Transfer Contract, there is no illegal employment of affected employees or arrearage of salaries or other
benefits of employees; otherwise above relevant procedures or payment shall be made before official signing hereof. 

  

	9.9	During the delivery period, ASB shall endeavor to assist Vimicro and employees choosing to join Vimicro to enter into labor contracts and handle relevant employment
relation and social insurance transfer procedures. 

  

	9.10	The annual income of affected employees who have confirmed to join Vimicro shall not be less than the amount in ASB (refer to the tripartite agreement for details).

  

	9.11	For affected employees provided by subcontracting companies to ASB, Vimicro shall decide whether to employ such employees at its own discretion.

  

	10	Horizontal Competition Limitation 

 ASB
undertakes (on behalf of itself and affiliated companies) that within three (3) years after the closing date of transferring ViSS business to Vimicro, its products produced and developed in Mainland of China (excluding Hong Kong and Taiwan)
shall not form horizontal competition with products in relation with ViSS business, except those novel and practical applications or integrated products, which shall not be owned by ASB. 

 

	11	Business Expenses and Taxes 

  

	11.1	Except as otherwise explicitly stipulated herein, all costs, expenses and relevant taxes related to consultation, preparation, signing and implementation of this
Contract shall be borne by the Parties respectively. 

  

 11 

	11.2	ASB shall provide complete and official invoices in accordance with every category of business on the second day after receipt of payment as specified in Article 2.4.

  

	12	General Terms and Conditions 

  

	12.1	For the purpose of this Contract, ASB and Vimicro agree to sign appropriate and necessary documents with relevant parties respectively. 

 

	12.2	This Contract and appendices hereof as well as other additional agreements constitute the entire agreement between the Parties, in lieu of all prior oral and written
documents and commitments. 

  

	12.3	In any case, ASB shall undertake to operate and manage ViSS business before the closing date, and Vimicro shall undertake the same after the closing date.

  

	12.4	Any dispute arising from or in connection with this Contract shall be settled through consultation; failing the same it shall be submitted to China International
Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules. 

  

	12.5	The Master Contract and appendices hereof constitute the integral part of the entire agreement, and appendices shall be the integral part of the Master Contract.

 Appendix A: Inventory List; 

Appendix B: Fixed Assets List;  

Appendix C: Sales Contract or Agreements; 

Appendix D: Contracts Takeover and Service Agreements; 

Appendix F: Intellectual Property Transfer Contract and License Contract; 

Appendix G: Collection Assistance Agreement; 

Appendix H: Detailed Information on Affected Employees 

Appendix I: List of Key Personnel of VISS Project 

Appendix J: Reselling Agreement 
  

 12 

 (Signing Page) 

Party A: Alcatel-Lucent Shanghai Bell Co., Ltd. 

Domicile: No.388 Ningqiao Road, Jinqiao Export Processing Zone, Pudong New District, Shanghai 

Authorized Representative (Signature):
                                        

 Date: 
 Party B: Vimicro
Electronics Corporation 
  

			
	Domicile:	  	F2, Block A1, Tianjin University Science Park, No.80
4th Street, Tianjin Economic and Technological Development
Zone

 Date: 

Authorized Representative (Signature):
                                        

  

 13 

 Appendix A 

 

					
	 Project
	  	Price
(RMB)	 
	 Raw Material
	  	¥	[****]	* 
	Total	  	¥	[****]	* 

  

	*	This portion of Appendix A of Exhibit 4.23 has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934. 

  

 1 

 Appendix A 

 

								
	 Code
	  	 Desc
	  	Inv(RMB)	  	QTY
	 1AZ324100001
	  	[****]*	  	¥	[****]*	  	1
	 1AB017100020
	  	[****]*	  	¥	[****]*	  	100
	 1AB017100021
	  	[****]*	  	¥	[****]*	  	100
	 1AD007180014
	  	[****]*	  	¥	[****]*	  	92
	 3MD35012AAAA
	  	[****]*	  	¥	[****]*	  	2
	 3MD35013AAAA
	  	[****]*	  	¥	[****]*	  	1363
	 3MD35014AAAA
	  	[****]*	  	¥	[****]*	  	3
	 3MD35015AAAA
	  	[****]*	  	¥	[****]*	  	3
	 3MD35017AAAA
	  	[****]*	  	¥	[****]*	  	3
	 3MD35019AAAA
	  	[****]*	  	¥	[****]*	  	100
	 3MD35021AAAA
	  	[****]*	  	¥	[****]*	  	2955
	 3MD35024AAAA
	  	[****]*	  	¥	[****]*	  	2
	 3MD40001AABA
	  	[****]*	  	¥	[****]*	  	2
	 3MD40003AABA
	  	[****]*	  	¥	[****]*	  	3
	 1AB121030010
	  	[****]*	  	¥	[****]*	  	668
	 1AD007490047
	  	[****]*	  	¥	[****]*	  	983
	 1AD009470009
	  	[****]*	  	¥	[****]*	  	758
	 1AZ222750001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ222800001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ222810001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ222830001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ222850001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ222860001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ222870001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ222880001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ257550001
	  	[****]*	  	¥	[****]*	  	200
	 1AZ272090001
	  	[****]*	  	¥	[****]*	  	80
	 1AZ275090001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ312590001
	  	[****]*	  	¥	[****]*	  	3
	 1AZ313620001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ319240001
	  	[****]*	  	¥	[****]*	  	4
	 1AZ321900001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ335440001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ336090001
	  	[****]*	  	¥	[****]*	  	327
	 1AZ337140001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ353030001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ360930001
	  	[****]*	  	¥	[****]*	  	8
	 1AZ363950001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ369270001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ440880001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ482980001
	  	[****]*	  	¥	[****]*	  	5
	 1AZ535880001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ535890001
	  	[****]*	  	¥	[****]*	  	4
	 1AZ562180001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ563960001
	  	[****]*	  	¥	[****]*	  	92
	 1AZ573470001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ573490001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ575780001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ575790001
	  	[****]*	  	¥	[****]*	  	120
	 3MD35000AAAA
	  	[****]*	  	¥	[****]*	  	122
	 3MD35020AAAA
	  	[****]*	  	¥	[****]*	  	2
	 1AZ245050001
	  	[****]*	  	¥	[****]*	  	300
	 1AZ481360001
	  	[****]*	  	¥	[****]*	  	1
	 1AZ260830001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ262730001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ303480001
	  	[****]*	  	¥	[****]*	  	80
	 1AZ261030001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ263750001
	  	[****]*	  	¥	[****]*	  	2
	 1AZ541630001
	  	[****]*	  	¥	[****]*	  	2
	         Total
	  	¥	[****]*	  	

	

  

 1 

 Appendix B 

 

  

										
	 	  	Original value	  	Accumulated
depreciation	  	Net Value
	 R&D
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
	 Non R&D
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*

  

	*	This portion of Appendix B of Exhibit 4.23 has been omitted and filed separately with the Security and Exchange Commission, pursuant to Rule 24b-2 under the Securities
Exchange Act of 1934. 

  

 1 

 Appendix B 

 

																				
	 Main No. of Assets
	  	Name	  	Model	  	Serial
No.	  	Original
value	  	Accumulated
depreciation	  	Net Value	  	Service
Start
Date	  	Sevice
End Date
	 EAPD0010
	  	LCD	  	[****]*	  	1TD2028TCNOTS-1	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EAPD0011
	  	LCD	  	[****]*	  	1TD2028TCNOTS-2	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EAPD0012
	  	LCD	  	[****]*	  	1TD2028TCNOTS-3	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EAPD0013
	  	LCD	  	[****]*	  	07112150PP20292	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EAPD0044
	  	Server	  	[****]*	  	HNMNH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0045
	  	Server	  	[****]*	  	1PMNH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0046
	  	Server	  	[****]*	  	GNMNH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0047
	  	Server	  	[****]*	  	2PMNH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0048
	  	Server	  	[****]*	  	JNMNH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0050
	  	Computer	  	[****]*	  	599JH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0051
	  	Computer	  	[****]*	  	499JH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0052
	  	Computer	  	[****]*	  	399JH2X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0054
	  	Network switches	  	[****]*	  	FOC1227W1L9	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2011.10
	 EAPD0055
	  	Server	  	[****]*	  	0829NNN044	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2009.9
	 EAPD0056
	  	Server	  	[****]*	  	0806NNN037	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2009.9
	 EAPD0057
	  	Network equipment	  	[****]*	  	F383175000626	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2011.10
	 EAPD0059
	  	Monitor	  	[****]*	  	OD54OH7287288B1P5L	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0060
	  	Monitor	  	[****]*	  	OD54OH7287288B1NFL	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0061
	  	Monitor	  	[****]*	  	OD54OH7287288B1P7L	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.9	  	2011.9
	 EAPD0063
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0064
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0065
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0066
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0067
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0068
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0069
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0070
	  	Sam Sung Cabinets	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.10	  	2009.10
	 EAPD0072
	  	Test Cell Phone	  	[****]*	  	368EBB52	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.11	  	2009.11
	 EAPD0073
	  	Test Cell Phone	  	[****]*	  	356610019031265	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2008.11	  	2009.11
	 ECBG0119S
	  	Server	  	[****]*	  	0702AM1097	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.2	  	2009.2
	 ECBG0195
	  	Server	  	[****]*	  	CNG632S0GL	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 ECBG0196
	  	Server	  	[****]*	  	CNG632S0GR	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 ECBG0198
	  	Server	  	[****]*	  	CNG632S0GH	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 ECBG0199
	  	Server	  	[****]*	  	0714BD030E	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.11	  	2010.11
	 ECBG0200
	  	Server	  	[****]*	  	0714BD02FC	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.11	  	2010.11
	 ECBG0201
	  	Server	  	[****]*	  	0737FML09D	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.9	  	2008.9
	 ECBG0202
	  	Server	  	[****]*	  	0737FML087	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.9	  	2008.9
	 ECBG0203
	  	Server	  	[****]*	  	3TB472X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.9	  	2010.9
	 ECBG0204
	  	Server	  	[****]*	  	4TB472X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.9	  	2010.9
	 ECBG0205
	  	Server	  	[****]*	  	14LN72X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0206
	  	Server	  	[****]*	  	CVK772X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.9	  	2010.9
	 ECBG0207
	  	Server	  	[****]*	  	6TB472X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.9	  	2010.9
	 ECBG0208
	  	Server	  	[****]*	  	BLTM72X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0209
	  	Server	  	[****]*	  	GLTM72X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0210
	  	Server	  	[****]*	  	FLTM72X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0212
	  	Video Server	  	[****]*	  	A10114064	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 ECBG0213
	  	Video Server	  	[****]*	  	A10111614	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 ECBG0214
	  	IPC	  	[****]*	  	H7840ND0775	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 ECBG0215
	  	Server	  	[****]*	  	BZDS6380053	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.8	  	2010.8
	 ECBG0216
	  	Switch	  	[****]*	  	JM90740012	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0217
	  	Router	  	[****]*	  	FHK1137F38Y	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10

  

 1 

 Appendix B 

 

																				
	 Main No. of Assets
	  	Name	  	Model	  	Serial
No.	  	Original
value	  	Accumulated
depreciation	  	Net Value	  	Service
Start

Date	  	Sevice
End Date
	 ECBG0218
	  	Firewall	  	[****]*	  	CAT1130ZKQX	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0219
	  	Server	  	[****]*	  	FGHS72X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0221
	  	Server	  	[****]*	  	GGHS72X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ECBG0222
	  	Server	  	[****]*	  	5TB472X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.9	  	2010.9
	 ECBG0223
	  	Server	  	[****]*	  	J3LN72X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.10	  	2010.10
	 ED000490SC
	  	DESKTOP	  	[****]*	  	84ZGH1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	7/10/2004	  	7/9/2007
	 ED001257
	  	Desktop	  	[****]*	  	D5W4P1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/12/2005	  	4/11/2008
	 ED001325
	  	Computer	  	[****]*	  	331HP1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/22/2005	  	4/21/2008
	 ED001334
	  	Computer	  	[****]*	  	BPTVP1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/22/2005	  	4/21/2008
	 ED001340
	  	Computer	  	[****]*	  	7PTVP1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/22/2005	  	4/21/2008
	 ED001627SC
	  	DESKTOP	  	[****]*	  	JQS9R1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	7/14/2005	  	7/13/2008
	 ED002687
	  	Desktop	  	[****]*	  	DJ51W1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/20/2005	  	12/19/2008
	 ED003753
	  	Computer	  	[****]*	  	7MWK12X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/28/2006	  	9/28/2009
	 ED004052
	  	Computer	  	[****]*	  	C5GR12X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	10/13/2006	  	10/13/2009
	 ED004250
	  	Computer	  	[****]*	  	8X3Z22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/28/2006	  	12/28/2009
	 ED004270
	  	Computer	  	[****]*	  	DY3Z22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/28/2006	  	12/28/2009
	 ED004392
	  	Computer	  	[****]*	  	HCPM22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/5/2007	  	1/5/2010
	 ED004487
	  	Computer	  	[****]*	  	BQZ932X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/28/2007	  	1/28/2010
	 EFSD0010
	  	SUN V240 SERVER	  	[****]*	  	FN44350432	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.2	  	2006.2
	 EM000601SC
	  	MONITOR	  	[****]*	  	02W48664180474006S	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	7/10/2004	  	7/9/2007
	 EM001235
	  	Monitor	  	[****]*	  	02W4866418053K01AN	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.6	  	2008.6
	 EM001277
	  	MONITOR	  	[****]*	  	02W4866418054K00N5	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2004.12	  	2007.12
	 EM001296
	  	MONITOR	  	[****]*	  	02W4866418055500WD	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2004.12	  	2007.12
	 EM001643SC
	  	MONITOR	  	[****]*	  	02W4866418055U006X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	7/10/2005	  	7/10/2008
	 EM002434
	  	Monitor	  	[****]*	  	0U9026641805BB00AF	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/20/2005	  	12/19/2008
	 EM003248
	  	MONITOR	  	[****]*	  	0FJ1796418069C36ES	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/28/2006	  	9/28/2009
	 EM003493
	  	MONITOR	  	[****]*	  	0FJ179641806A80R0C	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	10/13/2006	  	10/13/2009
	 EM003716
	  	MONITOR	  	[****]*	  	0FJ179641806B30JDS	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/5/2007	  	1/5/2010
	 EM003962
	  	MONITOR	  	[****]*	  	9641806C16A7S	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/28/2006	  	12/27/2009
	 EM003984
	  	MONITOR	  	[****]*	  	9641806C16APS	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/28/2006	  	12/27/2009
	 EM004025
	  	MONITOR	  	[****]*	  	9641806CL6BFS	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/28/2006	  	12/28/2009
	 EN000065
	  	Notebook	  	[****]*	  	3LPCD1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/19/2004	  	1/19/2007
	 EN000108
	  	Notebook	  	[****]*	  	CKPCD1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/19/2004	  	1/19/2007
	 EN000183
	  	NOTEBOOK	  	[****]*	  	DHT7F1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	3/12/2004	  	3/12/2007
	 EN000392
	  	Notebook	  	[****]*	  	JTNHF1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	3/22/2004	  	3/22/2007
	 EN000693
	  	Notebook	  	[****]*	  	196XF1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/13/2004	  	4/12/2007
	 EN000711
	  	Notebook	  	[****]*	  	896XF1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/13/2004	  	4/12/2007
	 EN001463
	  	Notebook	  	[****]*	  	4972J1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/28/2005	  	4/28/2008
	 EN001464
	  	Notebook	  	[****]*	  	4B72J1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/28/2005	  	4/28/2008
	 EN003166SC
	  	NOTEBOOK	  	[****]*	  	OC47486435A65284	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/16/2005	  	11/16/2008
	 EN003566
	  	NOTEBOOK	  	[****]*	  	FN69Z1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	7/4/2006	  	7/4/2009
	 EN003845
	  	NOTEBOOK	  	[****]*	  	8M3QZ1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	7/30/2006	  	7/30/2009
	 EN004757SC
	  	NOTEBOOK	  	[****]*	  	5L7722X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/11/2006	  	11/11/2009
	 EN005603
	  	NOTEBOOK	  	[****]*	  	1B75D1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/8/2005	  	1/8/2008
	 EN005616
	  	NOTEBOOK	  	[****]*	  	2H8LG1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	5/21/2004	  	5/21/2007
	 EN005648
	  	NOTEBOOK	  	[****]*	  	5KX9L1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/9/2004	  	12/9/2007
	 EN005695
	  	NOTEBOOK	  	[****]*	  	B5T7F1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	3/12/2004	  	3/12/2007
	 EN005719
	  	NOTEBOOK	  	[****]*	  	D965J1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	8/18/2004	  	8/18/2007
	 EN005726
	  	NOTEBOOK	  	[****]*	  	FNQ9G1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/30/2004	  	4/30/2007
	 EN005729
	  	NOTEBOOK	  	[****]*	  	G9J4J1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	8/17/2004	  	8/17/2007
	 EN005852
	  	NOTEBOOK	  	[****]*	  	7MGDQ1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	6/2/2005	  	6/2/2008

  

 2 

 Appendix B 

 

																				
	 Main No. of Assets
	  	Name	  	Model	  	Serial
No.	  	Original
value	  	Accumulated
depreciation	  	Net Value	  	Service
Start

Date	  	Sevice
End Date
	 EN005857
	  	NOTEBOOK	  	[****]*	  	1NQSP1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	5/9/2005	  	5/9/2008
	 EN005932
	  	NOTEBOOK	  	[****]*	  	GW93D1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/3/2005	  	1/3/2008
	 EN005933
	  	NOTEBOOK	  	[****]*	  	FHLCN1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	3/15/2005	  	3/15/2008
	 EN005955
	  	NOTEBOOK	  	[****]*	  	29ZXH1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	8/5/2005	  	8/5/2008
	 EN005957
	  	NOTEBOOK	  	[****]*	  	3D8DF1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	3/18/2005	  	3/18/2008
	 EN005989
	  	NOTEBOOK	  	[****]*	  	GLLMM1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2/10/2005	  	2/10/2008
	 EN006705
	  	NOTEBOOK	  	[****]*	  	7661MC4L3MK601	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/10/2008	  	10/24/2011
	 EN007325
	  	NOTEBOOK	  	[****]*	  	6475J79L3AWH6L	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/24/2008	  	2/7/2012
	 EN007803
	  	NOTEBOOK	  	[****]*	  	7440DA8L3AMW8Z	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	5/8/2009	  	6/22/2012
	 EN007812
	  	NOTEBOOK	  	[****]*	  	7440DA8L3AMW1V	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	5/8/2009	  	6/22/2012
	 ESND0615
	  	Gateway	  	[****]*	  	FOX060507TC	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EV0492
	  	Ethernet Switches	  	[****]*	  	72NV2E82838	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1154
	  	Server	  	[****]*	  	FN43620446	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.9	  	2006.9
	 EVND1155
	  	Server	  	[****]*	  	B2X1T1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/24/2005	  	9/24/2008
	 EVND1156
	  	Server	  	[****]*	  	82X1T1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/24/2005	  	9/24/2008
	 EVND1157
	  	Server	  	[****]*	  	92X1T1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/24/2005	  	9/24/2008
	 EVND1158
	  	Server	  	[****]*	  	CNG530SOFT	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.9	  	2008.9
	 EVND1159
	  	Server	  	[****]*	  	CNG530SOF6	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.9	  	2008.9
	 EVND1161
	  	Server	  	[****]*	  	JPE0852106G	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1162
	  	Server	  	[****]*	  	FHK0904F15B	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1171
	  	Server	  	[****]*	  	A9636201	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/13/2004	  	4/12/2007
	 EVND1200
	  	Server	  	[****]*	  	FN54520014	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.11	  	2006.11
	 EVND1201
	  	Server	  	[****]*	  	0544AD802B	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.11	  	2008.11
	 EVND1210
	  	NOTEBOOK	  	[****]*	  	OC4708486435A65284	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/3/2005	  	11/3/2008
	 EVND1214
	  	Server	  	[****]*	  	CWPFW1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/30/2005	  	12/30/2008
	 EVND1242
	  	NOTEBOOK	  	[****]*	  	33210111525	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/27/2006	  	4/27/2009
	 EVND1243
	  	NOTEBOOK	  	[****]*	  	28856546853	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/27/2006	  	4/27/2009
	 EVND1245
	  	Switch	  	[****]*	  	LNZQ6B0103166	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.8	  	2009.8
	 EVND1247
	  	Switch	  	[****]*	  	Y2GW680020375	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.8	  	2009.8
	 EVND1248
	  	Server	  	[****]*	  	4QD8Y1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/20/2006	  	4/20/2009
	 EVND1249
	  	Server	  	[****]*	  	2QD8Y1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/20/2006	  	4/20/2009
	 EVND1251
	  	Server	  	[****]*	  	BZDR55151179	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.4	  	2009.4
	 EVND1252
	  	Server	  	[****]*	  	BZDR63455601	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.4	  	2009.4
	 EVND1253
	  	Server	  	[****]*	  	BZBR55151169	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.4	  	2009.4
	 EVND1261
	  	Server	  	[****]*	  	W05898007	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.3	  	2009.3
	 EVND1262
	  	High-speed ball	  	[****]*	  	CW860A	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1263
	  	Monitors	  	[****]*	  	2X100524600301	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1276
	  	NOTEBOOK	  	[****]*	  	GTHXZ1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.8	  	2009.8
	 EVND1277
	  	NOTEBOOK	  	[****]*	  	HTHXZ1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	8/23/2006	  	8/23/2009
	 EVND1278
	  	NOTEBOOK	  	[****]*	  	FTHXZ1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	8/23/2006	  	8/23/2009
	 EVND1282
	  	Color integrated camera	  	[****]*	  	CAMPANI	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1283
	  	Camera	  	[****]*	  	FHV00003	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1289
	  	Server	  	[****]*	  	SNO194SUZ	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.7	  	2007.7
	 EVND1290
	  	Server	  	[****]*	  	SN0523AD803F	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.7	  	2009.7
	 EVND1291
	  	Server	  	[****]*	  	FN61410313	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.7	  	2007.7
	 EVND1292
	  	Server	  	[****]*	  	FN61410328	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.7	  	2007.7
	 EVND1293
	  	Server	  	[****]*	  	FN61030178	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.7	  	2007.7
	 EVND1296
	  	NOTEBOOK	  	[****]*	  	569712X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/6/2006	  	9/6/2009
	 EVND1310
	  	Server	  	[****]*	  	123542	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1314
	  	Server	  	[****]*	  	CNG637S14H	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1316
	  	Server	  	[****]*	  	CNG637S14G	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/22/2005	  	4/21/2008

  

 3 

 Appendix B 

 

																				
	 Main No. of Assets
	  	Name	  	Model	  	Serial
No.	  	Original
value	  	Accumulated
depreciation	  	Net Value	  	Service
Start

Date	  	Sevice
End Date
	 EVND1317
	  	Server	  	[****]*	  	CQQT12X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	10/19/2006	  	10/19/2009
	 EVND1318
	  	Server	  	[****]*	  	DQQT12X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	10/19/2006	  	10/19/2009
	 EVND1319
	  	Server	  	[****]*	  	FN63330155	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.10	  	2007.10
	 EVND1320
	  	Server	  	[****]*	  	FN60450101	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.10	  	2007.10
	 EVND1328
	  	NOTEBOOK	  	[****]*	  	9BS722X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/14/2006	  	11/14/2009
	 EVND1329
	  	NOTEBOOK	  	[****]*	  	8BS722X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/14/2006	  	11/14/2009
	 EVND1340
	  	Catalyst 3560 24
10/100/1000T +
4 SFP Enhanced
Ima	  	[****]*	  	FOC0922U1AG	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.8	  	2009.8
	 EVND1343
	  	NOTEBOOK	  	[****]*	  	JHBT22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/20/2006	  	12/20/2009
	 EVND1346
	  	Server	  	[****]*	  	CNG65IS0LM	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.12	  	2009.12
	 EVND1347
	  	Server	  	[****]*	  	CNG65IS0LL	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	4/22/2005	  	4/21/2008
	 EVND1348
	  	Server	  	[****]*	  	BZDR63455527	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.11	  	2009.11
	 EVND1353
	  	NOTEBOOK	  	[****]*	  	2QBV22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/21/2006	  	12/21/2009
	 EVND1354
	  	NOTEBOOK	  	[****]*	  	4QBV22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/21/2006	  	12/21/2009
	 EVND1356
	  	Server	  	[****]*	  	0652AM1404	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2007.1	  	2010.1
	 ECBG0197
	  	Server	  	[****]*	  	CNG632S0GQ	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EVND1254
	  	Server	  	[****]*	  	BZBR60953118	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.4	  	2009.4
	 EVND1153
	  	Server	  	[****]*	  	FN50820071	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2005.9	  	2006.9
	 EVND1244
	  	Server	  	[****]*	  	FN60510399	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2006.4	  	2007.4
	 EVND1313
	  	RACK	  	[****]*	  	601899	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 N/A
	  	Cell phone	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 N/A
	  	Cell phone	  	[****]*	  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 Total
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  		  	

  

 4 

 Appendix B 

 

																				
	 Main No. of Assets
	  	Name	  	Model	  	Serial
No.	  	Original
value	  	Accumulated
depreciation	  	Net Value	  	Service
Start

Date	  	Sevice
End Date
	 EN004407
	  	Notebook	  	[****]*	  	4YF712X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	9/7/2006	  	9/7/2009
	 EN001099
	  	Notebook	  	[****]*	  	83KMG1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2/27/2005	  	2/27/2008
	 EN001103
	  	Notebook	  	[****]*	  	DZJMG1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2/27/2005	  	2/27/2008
	 EN004717
	  	Notebook	  	[****]*	  	9H7722X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/11/2006	  	11/11/2009
	 EN005249
	  	Notebook	  	[****]*	  	5JFL32X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2/25/2007	  	2/25/2010
	 EN008247
	  	Notebook	  	[****]*	  	7440DA8L3ANR1M	  	¥	[****]*	  			  	¥	[****]*	  	5/27/2009	  	5/27/2012
	 ED001017
	  	Desktop	  	[****]*	  	6LJFK1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	10/24/2004	  	10/24/2007
	 EM001040
	  	Monitor	  	[****]*	  	02W486641804AE006V	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	8/2/2008	  	9/16/2011
	 EN006679
	  	NOTEBOOK	  	[****]*	  	7661MC4L3KX501	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	8/2/2008	  	9/16/2011
	 EVND1355
	  	NOTEBOOK	  	[****]*	  	3QBV22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	12/21/2006	  	12/21/2009
	 EN006019
	  	NOTEBOOK	  	[****]*	  	CLLGM1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	1/31/2005	  	1/31/2008
	 EN004851
	  	NOTEBOOK	  	[****]*	  	3RJ922X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/17/2006	  	11/17/2009
	 EN008427
	  	Notebook	  	[****]*	  	7440DA8L3ATD6N	  	¥	[****]*	  			  	¥	[****]*	  	6/25/2009	  	6/25/2012
	 EN004898
	  	Notebook	  	[****]*	  	5FSC22X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	11/24/2006	  	11/24/2009
	 EVND1323
	  	Camera	  	[****]*	  	ECV19621	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	NA	  	NA
	 EN005907
	  	NOTEBOOK	  	[****]*	  	DRS3Q1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	5/21/2005	  	5/21/2008
	 EN000969
	  	Notebook	  	[****]*	  	83XLG1X	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	2/27/2005	  	2/27/2008
	 Total
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  		  	

  

 5 

 Appendix C 

 

																
	 Contract

No.
	  	CAT	  	Year	  	Province	  	 Project Name
	  	Type	  	Execute
time	  	Sum
	 AH070086T-0000
	  	CCT	  	07	  	AH	  	[****]*	  	Platform	  	6/22/2007	  	¥	[****]*
	 AH070166N-0000
	  	CCN	  	07	  	AH	  	[****]*	  	Platform	  	12/20/2007	  	¥	[****]*
	 AH070166N-000A
	  	CCN	  	07	  	AH	  	[****]*	  	Platform	  	8/11/2008	  	¥	—  
	 BJ070065N-0000
	  	CCN	  	07	  	BJ	  	[****]*	  	Platform	  	8/16/2007	  	¥	[****]*
	 BJ080186N-0000
	  	CCN	  	08	  	BJ	  	[****]*	  	Platform	  	6/18/2008	  	¥	[****]*
	 BJ080323N-0000
	  	CCN	  	08	  	BJ	  	[****]*	  	Platform	  	11/27/2008	  	¥	[****]*
	 BJ080333N-0000
	  	CCN	  	08	  	BJ	  	[****]*	  	Platform	  	12/19/2008	  	¥	[****]*
	 BJ090220U-0000
	  	CCU	  	09	  	HQ	  	[****]*	  	Platform	  		  	¥	[****]*
	 CN060014N-0000
	  	CCN	  	06	  	HQ	  	[****]*	  	Platform	  	9/15/2006	  	¥	[****]*
	 CN070001N-0000
	  	CCN	  	07	  	HQ	  	[****]*	  	Platform	  	3/23/2007	  	¥	[****]*
	 CN070007N-0000
	  	CCN	  	07	  	HQ	  	[****]*	  	Platform	  	3/23/2007	  	¥	[****]*
	 CN070056N-0000
	  	CCN	  	07	  	HQ	  	[****]*	  	Platform	  	12/19/2007	  	¥	[****]*
	 CN080030N-0000
	  	CCN	  	08	  	HQ	  	[****]*	  	Platform	  	7/23/2008	  	¥	[****]*
	 CN080047N-0000
	  	CCN	  	08	  	HQ	  	[****]*	  	Platform	  	12/4/2008	  	¥	[****]*
	 CT080066T-0000
	  	CCT	  	08	  	HQ	  	[****]*	  	Platform	  	11/18/2008	  	¥	[****]*
	 FJ060142N-0000
	  	CCN	  	06	  	FJ	  	[****]*	  	Platform	  	12/13/2006	  	¥	[****]*
	 FJ070013T-0000
	  	CCT	  	07	  	FJ	  	[****]*	  	Platform	  	3/7/2007	  	¥	[****]*
	 FJ070098T-0000
	  	CCT	  	07	  	FJ	  	[****]*	  	Platform	  	9/21/2007	  	¥	[****]*
	 FJ070137N-0000
	  	CCN	  	07	  	FJ	  	[****]*	  	Platform	  	12/13/2007	  	¥	[****]*
	 FJ080013N-0000
	  	CCN	  	08	  	FJ	  	[****]*	  	Platform	  	5/5/2008	  	¥	[****]*
	 FJ080018N-0000
	  	CCN	  	08	  	FJ	  	[****]*	  	Platform	  	3/21/2008	  	¥	[****]*
	 FJ080051N-0000
	  	CCN	  	08	  	FJ	  	[****]*	  	Platform	  	6/17/2008	  	¥	[****]*
	 FJ080076N-0000
	  	CCN	  	08	  	FJ	  	[****]*	  	Platform	  	9/4/2008	  	¥	[****]*
	 FJ080098N-0000
	  	CCN	  	08	  	FJ	  	[****]*	  	Platform	  	11/24/2008	  	¥	[****]*
	 FJ090024T-0000
	  	CCT	  	09	  	FJ	  	[****]*	  	Platform	  	4/30/2009	  	¥	[****]*
	 GD060090T-0000
	  	CCT	  	06	  	GD	  	[****]*	  	Platform	  	7/3/2006	  	¥	[****]*
	 GD060102T-0000
	  	CCT	  	06	  	GD	  	[****]*	  	Platform	  	9/20/2006	  	¥	[****]*
	 GD060116T-0000
	  	CCT	  	06	  	GD	  	[****]*	  	Platform	  	9/18/2006	  	¥	[****]*

 

	*	This portion of Appendix C of Exhibit 4.23 has been omitted and filed separately with the Security and Exchange Commission, pursuant to Rule 24b-2 under the Securities
Exchange Act of 1934. 

  

 1 

 Appendix C 

 

																
	 Contract

No.
	  	CAT	  	Year	  	Province	  	 Project Name
	  	Type	  	Execute
time	  	Sum
	 GD060201T-0000
	  	CCT	  	06	  	GD	  	[****]*	  	Platform	  	12/27/2006	  	¥	[****]*
	 GD070002T-0010
	  	CCT	  	07	  	GD	  	[****]*	  	Platform	  	3/8/2007	  	¥	[****]*
	 GD070025T-0000
	  	CCT	  	07	  	GD	  	[****]*	  	Platform	  	12/20/2007	  	¥	[****]*
	 GD070037T-0000
	  	CCT	  	07	  	GD	  	[****]*	  	Platform	  	5/17/2007	  	¥	[****]*
	 GD070082T-0000
	  	CCT	  	07	  	GD	  	[****]*	  	Platform	  	6/22/2007	  	¥	[****]*
	 GD070151T-0000
	  	CCT	  	07	  	GD	  	[****]*	  	Platform	  	8/31/2007	  	¥	[****]*
	 GD070303N-0000
	  	CCN	  	07	  	GD	  	[****]*	  	Platform	  	12/20/2007	  	¥	[****]*
	 GD080004T-0000
	  	CCT	  	08	  	GD	  	[****]*	  	Platform	  	3/20/2008	  	¥	[****]*
	 GD080253T-0000
	  	CCT	  	08	  	GD	  	[****]*	  	Platform	  	9/22/2008	  	¥	[****]*
	 GD080310T-0000
	  	CCT	  	08	  	GD	  	[****]*	  	Platform	  	12/2/2008	  	¥	[****]*
	 GD080329T-0000
	  	CCT	  	08	  	GD	  	[****]*	  	Platform	  	12/16/2008	  	¥	[****]*
	 GS060078N-0000
	  	CCN	  	06	  	GS	  	[****]*	  	Platform	  	3/19/2007	  	¥	[****]*
	 GS070025T-0000
	  	CCT	  	07	  	GS	  	[****]*	  	Platform	  	5/15/2007	  	¥	[****]*
	 GS080033T-0000
	  	CCT	  	08	  	GS	  	[****]*	  	Platform	  	6/5/2008	  	¥	[****]*
	 GS080107T-0000
	  	CCT	  	08	  	GS	  	[****]*	  	Platform	  	12/5/2008	  	¥	[****]*
	 GS080134T-0000
	  	CCT	  	08	  	GS	  	[****]*	  	Platform	  	12/25/2008	  	¥	[****]*
	 GZ060179T-0000
	  	CCT	  	06	  	GZ	  	[****]*	  	Platform	  	8/16/2007	  	¥	[****]*
	 GZ070006T-0000
	  	CCT	  	07	  	GZ	  	[****]*	  	Platform	  	8/16/2007	  	¥	[****]*
	 GZ070057T-0000
	  	CCT	  	07	  	GZ	  	[****]*	  	Platform	  	6/22/2007	  	¥	[****]*
	 GZ070096T-0000
	  	CCT	  	07	  	GZ	  	[****]*	  	Platform	  	10/16/2007	  	¥	[****]*
	 GZ070111T-0000
	  	CCT	  	07	  	GZ	  	[****]*	  	Platform	  	1/14/2008	  	¥	[****]*
	 GZ070130T-0000
	  	CCT	  	07	  	GZ	  	[****]*	  	Platform	  	12/21/2007	  	¥	[****]*
	 HB070054T-0000
	  	CCT	  	07	  	HUB	  	[****]*	  	Platform	  	6/22/2007	  	¥	[****]*
	 HB070084T-0000
	  	CCT	  	07	  	HUB	  	[****]*	  	Platform	  	12/21/2007	  	¥	[****]*
	 HB080114T-0000
	  	CCT	  	08	  	HUB	  	[****]*	  	Platform	  	12/5/2008	  	¥	[****]*
	 HB090044T-0000
	  	CCT	  	09	  	HUB	  	[****]*	  	Platform	  	4/24/2009	  	¥	[****]*
	 HI090014U-0000
	  	CCU	  	09	  	HIN	  	[****]*	  	Platform	  	3/25/2009	  	¥	[****]*
	 HI090017U-0000
	  	CCU	  	09	  	HIN	  	[****]*	  	Platform	  	3/25/2009	  	¥	[****]*
	 JS060224T-0000
	  	CCT	  	06	  	JS	  	[****]*	  	Platform	  	11/30/2006	  	¥	[****]*
	 JS070411T-0000
	  	CCT	  	07	  	JS	  	[****]*	  	Platform	  	12/20/2007	  	¥	[****]*
	 JS080063T-0000
	  	CCT	  	08	  	JS	  	[****]*	  	Platform	  	3/13/2008	  	¥	[****]*

  

 2 

 Appendix C 

 

																
	 Contract

No.
	  	CAT	  	Year	  	Province	  	 Project Name
	  	Type	  	Execute
time	  	Sum
	 JS080066T-0000
	  	CCT	  	08	  	JS	  	[****]*	  	Platform	  	3/13/2008	  	¥	[****]*
	 JX080012N-0000
	  	CCN	  	08	  	JX	  	[****]*	  	Platform	  	6/20/2008	  	¥	[****]*
	 JX090009U-0000
	  	CCU	  	09	  	JX	  	[****]*	  	Platform	  	3/12/2009	  	¥	[****]*
	 LN060253N-0000
	  	CCN	  	06	  	LN	  	[****]*	  	Platform	  	9/10/2007	  	¥	[****]*
	 NM060149N-0000
	  	CCN	  	06	  	NMG	  	[****]*	  	Platform	  	11/23/2007	  	¥	[****]*
	 NM060161N-0000
	  	CCN	  	06	  	NMG	  	[****]*	  	Platform	  	9/10/2007	  	¥	[****]*
	 NM080071N-0000
	  	CCN	  	08	  	NMG	  	[****]*	  	Platform	  	6/20/2008	  	¥	[****]*
	 NM090042U-0000
	  	CCU	  	09	  	NMG	  	[****]*	  	Platform	  		  	¥	[****]*
	 NX090062T-0000
	  	CCT	  	09	  	NX	  	[****]*	  	Platform	  	6/3/2009	  	¥	[****]*
	 NX090062T-000A
	  	CCT	  	09	  	NX	  	[****]*	  	Platform	  		  	¥	—  
	 SC070107T-0000
	  	CCT	  	07	  	SC	  	[****]*	  	Platform	  	6/22/2007	  	¥	[****]*
	 SC070110T-0000
	  	CCT	  	07	  	SC	  	[****]*	  	Platform	  	6/22/2007	  	¥	[****]*
	 SC080124T-0000
	  	CCT	  	08	  	SC	  	[****]*	  	Platform	  	7/21/2008	  	¥	[****]*
	 SC080232T-0000
	  	CCT	  	08	  	SC	  	[****]*	  	Platform	  	12/10/2008	  	¥	[****]*
	 SC080266N-0000
	  	CCN	  	08	  	SC	  	[****]*	  	Platform	  	12/23/2008	  	¥	[****]*
	 SD070118N-0000
	  	CCN	  	07	  	SD	  	[****]*	  	Platform	  	12/13/2007	  	¥	[****]*
	 SD070134N-0000
	  	CCN	  	07	  	SD	  	[****]*	  	Platform	  	12/21/2007	  	¥	[****]*
	 SD080123N-0000
	  	CCN	  	08	  	SD	  	[****]*	  	Platform	  	8/6/2008	  	¥	[****]*
	 SD080163N-0000
	  	CCN	  	08	  	SD	  	[****]*	  	Platform	  	12/30/2008	  	¥	[****]*
	 SH080037M-0000
	  	CCM	  	08	  	SH	  	[****]*	  	Platform	  	9/24/2008	  	¥	[****]*
	 SX060088N-0000
	  	CCN	  	06	  	SX	  	[****]*	  	Platform	  	9/10/2007	  	¥	[****]*
	 SX070070N-0000
	  	CCN	  	07	  	SX	  	[****]*	  	Platform	  	9/19/2007	  	¥	[****]*
	 SX080033N-0000
	  	CCN	  	08	  	SX	  	[****]*	  	Platform	  	5/30/2008	  	¥	[****]*
	 TJ080145M-0000
	  	CCM	  	08	  	TJ	  	[****]*	  	Platform	  	11/5/2008	  	¥	[****]*
	 XJ070026N-0000
	  	CCN	  	07	  	XJ	  	[****]*	  	Platform	  	2/13/2007	  	¥	[****]*
	 XJ080100N-0000
	  	CCN	  	08	  	XJ	  	[****]*	  	Platform	  	11/18/2008	  	¥	[****]*
	 XZ070029N-0000
	  	CCN	  	07	  	XZ	  	[****]*	  	Platform	  	6/22/2007	  	¥	[****]*
	 XZ070075T-0000
	  	CCT	  	07	  	XZ	  	[****]*	  	Platform	  	12/18/2007	  	¥	[****]*
	 XZ070075T-000A
	  	CCT	  	07	  	XZ	  	[****]*	  	Platform	  	9/6/2008	  	¥	—  
	 XZ080037N-0000
	  	CCN	  	08	  	XZ	  	[****]*	  	Platform	  	6/13/2008	  	¥	[****]*
	 ZJ070101M-0000
	  	CCM	  	07	  	ZJ	  	[****]*	  	Platform	  	8/24/2008	  		
	 SD090171U-0000
	  	CCU	  	09	  	SD	  	[****]*	  	Platform	  	6/22/2009	  	¥	[****]*
	 HB090093T-0000
	  	CCT	  	09	  	HUB	  	[****]*	  	Platform	  	8/21/2009	  	¥	[****]*
	Total	  		  		  		  		  	total	  		  	¥	[****]*

  

 3 

 Appendix D (English translation) 

Contracts Takeover and Service Agreement 

This Agreement is entered into on August 28, 2009 by and between: 

Alcatel-Lucent Shanghai Bell Co., Ltd., a Sino-foreign joint venture incorporated and existing in accordance with laws of the People’s Republic of
China with registered address at 388 Ningqiao Road, Jinqiao Export Processing Zone, Pudong New Area, Shanghai 201206, China (hereinafter “ASB”) 

And 
 Vimicro Electronics
Corporation, a joint stock limited company incorporated and existing in accordance with laws of the People’s Republic of China with registered address at F2, Block A1, Tianjin University Science Park, 80
4th Street, Tianjin Economic and Technological Development
Zone (hereinafter “Vimicro”). 
 Whereas: ASB has entered into Sales Contracts (see definition below) with its Customers (see
definition below)before the Closing Date (see definition below), requiring it to provide Customers with after-sale service and maintenance service within a certain time period for products sold, and ASB agrees to transfer the contracts which have
not been fully performed by ASB to Vimicro on the Closing Date. 
 Whereas: ASB and Vimicro (collectively refer to “Parties”)have
entered into the “ViSS Business Transfer Contract” (hereinafter the “Master Agreement”) on August 28, 2009, requiring transfer of all of assets and business related to ViSS of ASB to Vimicro on the Closing Date (as
defined below); in addition, ASB and Vimicro have signed the Master Agreement on August 28, 2009 for confirmation, both Parties agreed to perform and be bound by the Master Agreement; 

Whereas: ASB will transfer to Vimicro contracts related to ViSS business entered into with the third party which have not yet been fully performed, and
Vimicro will also succeed the above contracts and agreements. 
 Vimicro will undertake the obligations of the Sales Contracts entered into
before the Closing Date which have not been fully performed by ASB, including products delivery confirmation, case opening for acceptance on the site, installation, debugging, opening, cutting, preliminary acceptance, final acceptance, and signing
of products delivery certificate, preliminary Acceptance Certificate (as defined below), final Acceptance Certificate, and obtaining the maintenance conformation report. 

Vimicro will undertake the obligations of software and hardware maintenance service as stipulated in contracts made with the user which have not been
fully performed by ASB in Sales Contracts entered into before the Closing Date, and will provide Customers (as defined below) with after-sale service and maintenance service within the Warranty Period (as defined below) in accordance with relevant
stipulations of the Sales Contracts. 
 ASB will undertake to provide any necessary assistance to Vimicro for performance of obligations in the
contracts or post-contracts, including providing local project manager service within Transition Period (see definition below) of this Agreement, introducing external engineering information related to ViSS to Vimicro, and providing 7*24 call center
service upon Vimicro’s request. 
  

 1 

 Appendix D (English translation) 

 

 Vimicro shall undertake relevant project manager obligations after the Transition Period. 

In order to clarify contract takeover issues in the Master Agreement, the Parties have, through sufficient consultation, entered into the following
Agreement regarding the succession of contracts: 
 1. Definitions 

1.1 “Closing Date”: the Closing Date as specified in the Master Agreement; 

1.2 “Sales Contract”: contracts, agreements or similar documents entered into by ASB as a seller with any Customer before the Closing Date
regarding sale of ViSS and/or services related to ViSS business to Customers (including any appendix or schedule), excluding contracts, agreements or similar documents where Vimicro has fully replaced ASB to be one party thereto and ASB no longer
undertakes any further rights and obligations; 
 1.3 “Warranty Period”: the period within which ASB shall provide relevant buyer/user
with after-sale service, maintenance or replacement to contract products already sold in accordance with stipulations of relevant Sales Contracts; 

1.4 “Warranty Liability”: the after-sale service and repair/maintenance service that shall be provided to relevant Customers by ASB within the
Warranty Period based on the Sales Contract; 
 1.5 “Customer”: any individual or unit that has entered into one Sales Contract with
ASB before the Closing Date to purchase ViSS products produced by ASB and/or services related to the ViSS business; 
 1.6 “Transition
Period”: ninety (90] days as of the Closing Date; 
 1.7 “Acceptance Certificate” and relevant similar documents: the
initial/final Acceptance Certificate and service certificate with regulated user format that could be taken as the effective evidence of payment. 

2. Succession of Contracts 
 2.1 The contracts
succeeded refer to those Sales Contracts or agreements related to ViSS business entered into before the Closing Date between ASB as one party and the third party which have not been fully performed by ASB. Appendix C of the Master Agreement has
specified the name, the parties and other relevant information of all contracts to be transferred. 
  

 2 

 Appendix D (English translation) 

 

 2.2 During the Transition Period after formal signing of the Master Agreement, ASB shall provide Vimicro
with a contract list, contract duplicates (or electronic version) containing contract name, signing parties, performance schedule, collection and payment schedule. The contract list may be updated by ASB pursuant to actual conditions before the
first day of the closing period, and the formal contract list submitted to Vimicro by ASB on above-mentioned day shall be regarded as one of formal deliverable documents. 

2.3 Brief statement of conditions promoted by ASB to Vimicro shall only be limited to objective conditions that could be discovered and predicted by ASB
so far, excluding any subjective judgment. 
 2.4 ASB undertakes that it has completely performed contract obligations before succession without
any act of breach, negligence, or inappropriate performance of any agreement, document or arrangement in Appendix C. 
 2.5 The succession of
such contracts shall become effective as of the Closing Date. 
 2.6 Except prices of such contracts and any other charge to be collected by ASB
from Customers under such Sales Contracts, all rights and obligations of ASB therein shall be transferred to Vimicro. 
 2.7 While transferring
ViSS business to Vimicro, the external relation of relevant contracts shall still be the contract relation between ASB and respective Customer. However, Vimicro will succeed and continue to perform the rights and obligations thereunder in accordance
with the standard and requirements not below the original ones. 
 2.8 Except otherwise stipulated herein, as contract obligations succeeded by
Vimicro shall be performed by Vimicro due to transfer of ViSS business, all legal liabilities related to contracts during performance shall be equally and simultaneously transferred to Vimicro as per back-to-back principle while ASB undertake such
liabilities to the Customers . The aforesaid stipulation shall be essence with regard to ViSS business transfer. Legal liabilities before the Closing Date due to ASB’s fault, even found and determined after the Closing Date, shall be solely
undertaken by ASB. Upon effectiveness of succession, all new legal liabilities of contracts or agreements as specified in Article 2.2 hereof shall be undertaken by Vimicro. Legal liabilities against any user or Customer due to business outsourcing
or labor dispatch by ASB or Vimicro respectively shall be undertaken by ASB or Vimicro pursuant to the time of their occurrence before or after the effective date of contract succession. In the event that business outsourcing or labor dispatch
transfers such effective date, the undertaking of legal liabilities shall still subject to such effective date. 
 2.9 Unless otherwise
stipulated herein, the rights, obligations and liabilities of ASB under the original contracts succeeded by Vimicro shall be undertaken by Vimicro. In case of any dispute with Customers after the transfer, Vimicro shall be responsible to coordinate
with Customers and settle claims proposed by Customers under contracts, and shall finally undertake default or infringement liability. ASB shall undertake such liabilities as stipulated in Article 2.8 hereof. 

 

 3 

 Appendix D (English translation) 

 

 3. Assistance in Contract Performance 

ASB undertakes to provide any necessary assistance to Vimicro for performance of obligations in contracts and post-contracts thereof: 

3.1 ASB will provide local project manager service and coordination service, including local customer management and services and notification to Vimicro
etc, but excluding technical support, maintenance service, and on-site failure processing, failure recovery, failure survey, trouble shooting, and etc, which shall be charged RMB two hundred and thirty per hour (RMB 230/h). 

3.2 ASB shall provide information on relevant engineering companies of outsourcing service to Vimicro, so Vimicro may negotiate with the companies;

 3.3 ASB shall provide 7*24 call center service with the charge standard of RMB forty five per Ticket (RMB 45/Ticket), and Vimicro shall
provide relevant coordinators and communication information. 
 3.4 Upon Vimicro’s request, ASB shall disclose suppliers’ and relevant
procurement information to facilitate the execution of contract on condition that it does not breach the confidentiality obligation with the third party. The procurement contracts will not belong to the scope of transfer; 

4. Succession of Contract Performance 
 4.1
Contract Performance refers to all works for implementation of contracts, including but not limited to products delivery confirmation, case opening for checking on the site, equipment installation, debugging, opening, cutting, initial acceptance,
final acceptance, hardware repair, and maintenance warranty service etc. 
 4.2 Specific work items for performance of contracts that have not
been fully performed: 
  

							
	 Work Item
	  	 Notes
	  	 ASB
	  	 Vimicro

				
	Overall project management, project management (including but not limited to: on-site management and customer coordination, and provision of project report)	  	Project implementation management for contracts has formally been entered into with ASB regarding ViSS (same below)	  	Assisting and cooperating	  	Responsible
				
	Delivery and transportation	  		  	Responsible	  	Responsible for management and follow-up

 

 4 

 Appendix D (English translation) 

 

							
	Network measurement and on-site survey	  		  		  	Responsible
				
	Network plan	  		  		  	Responsible
				
	Network design	  		  		  	Responsible
				
	Assignment of personnel for equipment installation, supervision and guidance, and debugging	  		  		  	Responsible
				
	Preparing hardware & software testing tools	  		  		  	Responsible
				
	Holding project launch conference based on Customer’s requirements, and proposing the need for coordination.	  		  		  	Responsible
				
	Installation supervision and guidance	  	Responsible for installation supervision during project implementation	  		  	Responsible
				
	Case opening of contract equipment for inspection, and providing ASB with case opening report, packing list, and list of deficient materials (if any) signed by the user	  		  		  	Responsible
				
	Collecting materials such as arrival certificate, and submitting the same to ASB	  		  		  	Responsible
				
	Responsible for products supplement or replacement on the project site during case opening	  		  		  	Responsible
				
	Responsible goods supplement and acceptance on the project site during case opening	  		  	Cooperating	  	Responsible
				
	Providing equipment materials, installation document, completion manual, and software testing CD as required by the project	  		  	Cooperating	  	Responsible
				
	Preparing tools to be used in the preliminary stage and consumable and low-value auxiliary materials for emergency situation such as binding tapes, sleeves, common cable heads,
screws and nuts, and simple fasteners	  		  		  	Responsible
				
	Inspecting whether the machine room condition complies with environmental requirements	  		  		  	Responsible
				
	On-site hardware installation	  	Install all the contract equipment in the project in accordance with installation guide and complete cable connection	  		  	Responsible

  

 5 

 Appendix D (English translation) 

 

							
	Completing acceptance and confirmation of hardware installation pursuant to user’s requirements and preparing reports	  		  		  	Responsible
				
	Completing checking and delivery of contract hardware on the site (mainly spare parts, maintenance terminals and tools etc.)	  		  		  	Responsible
				
	On-site software installation	  		  		  	Responsible
				
	On-site software debugging	  		  		  	Responsible
				
	Network optimization	  		  		  	Responsible
				
	System joint debugging	  		  		  	Responsible
				
	Opening and cutting	  		  		  	Responsible
				
	Trouble shooting for contract equipment before project implementation and final acceptance, and upgrading/degrading required for failure recovery	  		  		  	Responsible
				
	Handling repair of returned products and parts during the project and conducting follow-up until such products and parts are qualified	  		  		  	Responsible
				
	Preliminary acceptance	  	Complete acceptance test, and prepare completion document meeting end user’s requirements preliminary acceptance: responsible for testing and preparing test report, and
submitting the initial Acceptance Certificate in time upon ASB’s request	  	Assisting	  	Responsible
				
	Final acceptance	  	Final acceptance: responsible for testing and preparing test report, and submitting the final Acceptance Certificate in time upon ASB’s request	  	Assisting	  	Responsible
				
	Technical service	  	Settlement of on-site failure and technical support	  		  	Responsible
				
	On-site training	  	Technical guide to Customers during project implementation and daily maintenance training	  		  	Responsible

  

 6 

 Appendix D (English translation) 

 

							
	Training (formal training as stipulated by the contract)	  		  	Assisting	  	Responsible
				
	Spare parts service	  		  		  	Responsible
				
	Hardware maintenance service	  		  		  	Responsible
				
	Warranty Period service	  	Including hardware maintenance, failure processing, and version upgrading	  		  	Responsible
				
	Failure processing	  	Failure processing within the Warranty Period	  		  	Responsible
				
	Upgrading and updating	  		  		  	Responsible
				
	On-site sales support	  		  		  	Responsible
				
	Collection of contract prices	  		  	Responsible	  	Cooperating
				
	Handover after end of Warranty Period	  	Mutual communication and confirmation between the Parties	  	Responsible	  	Responsible

 4.3 Vimicro must closely cooperate with ASB as
if it’s one party to the Sales Contract, and perform obligations to the user or Customer in accordance with service standard and time requirements etc as stipulated in the Sales Contract. After the Closing Date, in the event that any
third-party Customer claims against ASB or file a lawsuit or make other requests which may affect the interests of ASB due to the reason that the performance of the Sales Contract does not comply with stipulations thereof, Vimicro shall compensate
for and defend against such claim or lawsuit by the third party against ASB for the part performed by Vimicro, ensure to indemnify ASB from above claim or lawsuit, and pay the compensation and/or compensate for all the losses incurred to ASB as
awarded by effective legal document issued by the arbitration tribunal in accordance with stipulations of the Master Agreement, including any reasonable attorney fee. ASB shall also, acting in the same way as Vimicro does above, protect
Vimicro’s interests pursuant to liabilities stipulated in Article 2.8 hereof. After determine respective liabilities and undertake accordingly such liabilities to the users or Customers, the Parties shall, subject to the principle of honesty
and good faith, determine liability attribution between themselves. This article also applies to Article 5 “Succession of Warranty Liability” hereof. 

4.4 Vimicro shall designate sufficient qualified technical personnel to perform Sales Contracts, including but not limited to products delivery
confirmation, case opening for acceptance on the site, equipment installation, debugging, opening, cutting, preliminary acceptance, final acceptance, hardware repair, and maintenance service. Except otherwise requested by ASB, Vimicro shall provide
services in the name of ASB. Without prior written consent of ASB, Vimicro shall not subcontract or transfer obligations of the Sales Contract undertaken for the purpose of this Agreement to any third party. 

5. Succession of warranty Liability 
 5.1
Warranty Liability refers to the obligation of software and hardware maintenance service as stipulated in the Sales Contract with the user. 
  

 7 

 Appendix D (English translation) 

 

 5.2 Upon both Parties’ agreement, after the Closing Date, Vimicro shall, in accordance with
stipulations hereof, undertake and perform all Warranty Liabilities in all Sales Contracts entered into by ASB before the Closing Date which have not been fully performed by ASB. ASB shall submit Vimicro a complete and detailed list of Sales
Contracts (which can be supplemented based on actual conditions during the performance), performance status (electronic version and duplicates are available, including the contract performance condition up to the Closing Date, detailed description
on warranty obligation, and preliminary Acceptance Certificate and final Acceptance Certificate), so that Vimicro can provide relevant maintenance service to Customers. 

5.3 Vimicro shall designate sufficient qualified technical personnel to perform the obligation of maintenance obligation, and except otherwise requested
by ASB, Vimicro shall provide such service in the name of ASB. Without prior written consent of ASB, Vimicro shall not subcontract or transfer any such obligation of the Sales Contract to any third party, except such third party with qualified
personnel and relevant experience. 
 5.4 Vimicro shall each time record the performance of Warranty Liability to the Customer, including any
written advices and suggestions proposed by Customers from time to time. Once ASB requires reviewing these records, Vimicro shall submit such record to ASB in time. In the event that any Customer claims against or makes other similar requests to
relevant maintenance staff during or after performance of maintenance by Vimicro, Vimicro shall immediately notify such situation to ASB in writing. 

6. Compensation and Payment 
 6.1 ASB agrees to
pay Vimicro a total amount of RMB six million and twelve thousand (RMB 6, 012,000) as the compensation for contracts succession. There are two categories of compensation: 

6.1.1 First: for the contract where the final acceptance has not been completed before the Closing Date, the total amount of compensation shall be RMB
four million three hundred and one thousand and six hundred (RMB 4,301,600) , which shall be settled in accordance with acceptance status (preliminary acceptance and final acceptance) under each contract. See also other tables (Annex: ViSS Contract
CTC Summary) for the compensations for preliminary acceptance and final acceptance under each contract. The compensation for each contract paid by ASB to Vimicro shall only be limited to one hundred and sixteen percent (116 %) of the amount as
specified in CTC Summary, and any excess will not be undertaken by ASB but at Vimicro’s own expenses. Within such a limit, Vimicro shall fully perform its obligations in time. The contracts where final acceptance has not been completed before
the Closing Date, will enter into the Warranty Period after final acceptance. Such contracts shall be classified into the second category. 

6.1.2 Second: for the contract where the final acceptance has been completed and the Warranty Period is still effective, the total amount of compensation
shall be RMB one million seven hundred and ten thousand four hundred (RMB 1,710,400), which shall be verified and determined by the Parties as per schedule progress and quality of maintenance and settled on a quarterly basis. 

 

 8 

 Appendix D (English translation) 

 

 6.1.3 The compensation shall be paid on a quarterly basis. After the end of every last quarter (e.g.
Q1), data of last quarter(Q1) will be calculated in this quarter (Q2) in accordance with above classification, and compensation will be paid within first twenty (20) working days of the following quarter (Q3). 

6.1.4 Quality examination conditions: ASB will conduct quality examination to Vimicro pursuant to the service level and quantity standard which ASB
undertakes to users in each Sales Contract. 
 6.1.5 In the event that obligations under the above two types of contracts have been duly
performed in each stage such as (1) preliminary (final) acceptance and (2) ,the Customer does not propose any dispute and Customer confirmation report has been obtained upon expiration of the first Warranty Period, ASB shall pay the
compensation to Vimicro in each stage. 
 6.2 In the event that any Customer claims against ASB or makes similar requests as Vimicro fails to
perform the obligations and maintenance warranty in accordance with stipulations of Sales Contract, and that such claims or requests have been recognized as reasonable by both ASB and Vimicro or supported by court verdict or arbitration award, ASB
shall be entitled to deduct such claimed amount from the compensation payable in accordance with Article 6.1 above which has not been paid, except that Vimicro has taken reasonable remedy measures and Customer agrees in writing to waiver such claim.
Vimicro shall provide any necessary cooperation and assistance to ASB for settling such claim or request from Customers. However, ASB shall undertake relevant liabilities in accordance with Article 2.8 hereof. 

6.3 ASB shall be entitled to supervise the Contract Performance and maintenance obligation performed by Vimicro, and propose any reasonable requirement
to improve its service in accordance with explicit, objective, and quantifiable stipulations or standards of each Sales Contract. Vimicro shall, upon ASB’s request, adopt improvement measures in time within the schedule in each Sales Contract.
In the event that Vimicro fails to adopt any improvement measures within ten (10) days upon confirmation by both Parties after receipt of ASB’s written improvement request, ASB shall be entitled to delay the payment of compensation as
specified in Article 6.1 above. 
 7. Default Liabilities 

7.1 Specific Internal dispute of individual Sales Contract shall not affect the performance thereof and continuous execution of this Agreement.

 7.2 In the event that Vimicro fails to perform its obligation of final acceptance and maintenance obligation under this Agreement, or
violates aforesaid obligations under the Agreement (except that (i) the Customer proposes any requirement beyond the stipulation of Sales Contract; (ii) the list of Sales Contracts provided by ASB do not include such Sales Contract, and
the Customer does not provide any relevant affirmative written certification to Vimicro; (iii) the Customer at its own discretion other than Vimicro’s fault refuses to accept final acceptance and maintenance obligation provided by
Vimicro), ASB shall send a written notice to request for cure, and may give a cure period of thirty (30) days subject to actual conditions (during which ASB will discontinue to pay any amount to Vimicro); if Vimicro fails to correct its default
during such period, ASB shall be entitled to choose the following measures: 
 (i) Send a written notice to Vimicro to notify discontinue of
succession or termination of executing of each such Sales Contract; 
 (ii) Authorize the third party to perform the relevant final acceptance
and maintenance liability at its own discretion. 
  

 9 

 Appendix D (English translation) 

 

 For any above-mentioned default, Vimicro shall compensate ASB for all losses incurred, and expenses
arising from delivery of maintenance Warranty Liability to the third party for performance, including reasonable attorney fee. Such compensation may be deducted from the compensation payable to Vimicro that has actually not been paid. In case the
Parties fail to reach an agreement with regard to compensation or the amount of compensation, either party shall be entitled to apply for arbitration to the arbitration authority as stipulated in the Master Agreement to determine the final amount of
compensation. 
 7.3 In case one Party has one of the following which has affected its ability to perform this Agreement, the other Party may
immediately send a written notice to terminate this Agreement without any relevant liability: 
 (i) discontinue of operation of all or any
material part of its business, or material change to its business scope, or insolvency, or sale of all or any material part of its business or assets; 

(ii) fail to obtain new qualification, permit or approval in case that such qualification, permit or approval necessary for performance of maintenance
liability become invalid for any reason; 
 (iii) begin liquidation or any similar procedures for any reason (except liquidation at its own
discretion for merger or restructuring), or liquidator or receiver is appointed for all or most of its assets, properties or business, or relevant authorities have issued a distress warrant, writ of execution, or similar judicial document for all or
any material part of the borrower’s assets, or it has generally entered into any agreement with the creditors on debt settlement. 
 7.4 In
case ASB fails to pay in accordance with Article 6.1 hereof: 
 (i) For each day of delay, it shall pay liquidated damages to Vimicro at
0.3‰ of overdue payment; 
 (ii) For delay of over thirty (30) days, Vimicro shall be entitled to send a written notice to ASB to
request for payment. In the event that ASB fails to pay within sixty (60) days upon receipt of such written notice, Vimicro shall be entitled to terminate this Agreement. In such a case, ASB shall pay Vimicro any maintenance fee due and
liquidated damages of overdue payment, including any reasonable attorney fee. 
 In the event that ASB fails to perform its obligation of
assisting Vimicro to provide services under this Agreement, or violates against this Agreement when performing such obligations (except that (i) the Customer proposes any requirement beyond the stipulation of ASB’s Sales Contract;
(ii) the Customer refuses to accept final acceptance and maintenance performance by Vimicro for its own reason other than ASB’s fault), Vimicro may send a written notice to request for cure, and may give a cure period of thirty
(30) days based on actual conditions (during which Vimicro will discontinue to pay any amount to ASB). In the event that ASB fails to correct its acts during such period, Vimicro shall be entitled to send a written notice to ASB to notify
discontinue of Sales Contract succession or termination of Sales Contract; 
  

 10 

 Appendix D (English translation) 

 

 For above default or unilateral discontinue or termination of performing such Sales Contract, the
breaching party shall compensate the other party for all losses thus incurred, including any reasonable attorney fee, and shall promote the continuous performance of this Agreement and such Sales Contract to the Customer. In the event that the
Parties fail to reach an agreement with regard to compensation or the amount of compensation, any party shall be entitled to apply for arbitration to the arbitration authority as stipulated in the Master Agreement to determine the final amount of
compensation. 
 8. Effectiveness and Termination 

8.1 This Agreement shall become effective as of the date when it’s signed and sealed by authorized representative of each party, and shall remain
effective until latest expiration of the Warranty Period as stipulated in each Sales Contract. 
 8.2 In any case, the termination of this
Agreement by one party in accordance with stipulations herein shall not exempt the other party any liability and obligation before such termination. 

8.3 Except otherwise stipulated in the context, without written consent of both Parties, neither Party may terminate this Agreement before the expiration
hereof. 
 9. Execution of Maintenance Contract 

Upon expiration of the first Warranty Period agreed between ASB and the Customer in the Sales Contract, Vimicro may choose to enter into a maintenance
contract with the Customer at its own discretion, the rights and obligations of which shall be solely exercised and undertaken by Vimicro without any relation to ASB. 

10. Settlement of Disputes 
 10.1 Consultation

 Any dispute between the Parties arising from or in connection with this Agreement, including interpretation, default, termination or
effectiveness of this Agreement, shall be firstly settled through friendly consultation. 
 10.2 Arbitration 

(i) In case any dispute between the Parties arising from or in connection with this Agreement has not been settled through friendly consultation within
sixty (60) days after the notification of one Party to the other Party for friendly consultation, either party shall be entitled to submit such dispute to the arbitration authority stipulated in the Master Agreement for arbitration in
accordance with the current arbitration rules in Shanghai. 
 (ii) The arbitration award shall be final and binding upon both Parties, under
which the Parties shall take relevant measures. 
  

 11 

 Appendix D (English translation) 

 

 (iii) The arbitration expense shall be undertaken by the party as specified in the arbitration award.

 (iv) During the occurrence of dispute and arbitration period, the Parties shall, except the terms and conditions in arbitration, continue to
perform other terms and conditions hereof. 
 11. Force Majeure 

11.1 Definition of Force Majeure 
 “Force
majeure” refers to all unpredictable, unavoidable, or insuperable events beyond the control of one party, occurring after the effective date of this Agreement which makes the affected party unable to fully or partly perform its obligations.

 11.2 Consequences of Force Majeure 

(i) In case of any event of force majeure, the affected party may discontinue performing its obligations in the duration period, and may postpone its
performance of such obligations accordingly. 
 (ii) The Party claiming to be affected by force majeure shall immediately notify the other Party
in writing, and provide sufficient proofs of such event and predicted time of duration within fifteen (15) days after such event. It shall also make all reasonable efforts to end the event of force majeure. 

(iii) In case of any event of force majeure, the Parties shall immediately consult with each other to find a balanced solution, and shall make all
reasonable efforts to minimize the effects of force majeure. 
 12. Confidentiality 

Both Parties agree to take all necessary measures to keep all information disclosed by the other party for the purpose of this Agreement and contents of
this Agreement confidential. Except otherwise required by Chinese laws, without consent of the other party, neither party may disclose the above information or contents of this Agreement to any third party (except to employees, agents or consultants
of respective party necessary to know this Agreement). 
 13. Miscellaneous 

13.1 This Agreement and the Master Agreement shall constitute the entire agreement on the subject matter, and shall prevail all prior discussions,
agreements or statements, oral or written, executed or unexecuted, between the Parties. 
 13.2 The title of each article in this Agreement is
used only for convenience of reference, is not part of this Agreement and shall by no means affect interpretation of articles hereof. 
 13.3
This Agreement shall only be modified in writing upon being signed and sealed by authorized representative of each party. 
  

 12 

 Appendix D (English translation) 

 

 13.4 All notices, requirements, or other correspondences under this Agreement shall only be made in
writing, which may be delivered through delivery in person, ail mail, or EMS to the following addresses of each party or other addresses that may be notified to the other party from time to time, and shall become effective upon receipt by the
receiver: 
 ASB: 
 Address: 388
Ningqiao Road, Jinqiao Export Processing Zone, Pudong New Area, Shanghai 201206 
 Contact: Qiu Ye 

Tel.: 13801905886 
 Vimicro: 

Address: 
 Contact: 

Tel.: 
 13.5 Failure of one party in requesting
the other party to perform any or all of articles hereof shall not affect the Party’s right to request for future performance. In case of any violation against stipulations of this Agreement by one party, the waiver of relevant rights or remedy
by the other shall not be considered as wavier of any rights from violation of such stipulations presently or in the future or waiver of any other rights under this Agreement. 

13.6 In case any article under this Agreement becomes invalid for any reason, it shall not affect the validity, effectiveness and enforceability of other
articles. 
 13.7 Rights and obligations of one party under this Agreement shall not be transferred to any third party without written consent
of the other party. 
 13.8 ASB designates its engineering service department as the internal administration for final acceptance and
maintenance agreement, and respective financial department of ASB and Vimicro will be responsible for settlement of fees and expenses. 
 13.9
This Agreement shall be made in Chinese and served in duplicates, with one copy each held by each party. 
 [The following part of this page is
intentionally left blank] 
  

 13 

 Appendix D (English translation) 

 

 [Signing page only] 

In witness whereof, this Agreement has been signed and sealed by the undersigned on the date first above mentioned: 

Alcatel-Lucent Shanghai Bell Co., Ltd. (Seal) 

Authorized representative (signature):
                                        

 Vimicro Electronics Corporation (Seal) 

Authorized representative (signature):
                                        

  

 14 

 Appendix D 

 

																																							
	 	 	Matrix
maintenance
(Unit: person day)	 	 	For End-users
Developement
(Unit: person day)	 	 	After Sale L1 Effort	 	 	Comments
	 	 	 	 	Total (Unit:person day)	 	 	From June 1
to Closing
Date
(Unit:person day)	 	 	After Closing Date
(Unit:person day)	 	 
	 	 	 	 	Subcontract	 	 	Self Manage	 	 	 	 	 
	 	 	 	 	Total	 	 	Before
Final
Confirm	 	 	After
Final
Confirm	 	 	Total	 	 	Before
Final
Confirm	 	 	After
Final
Confirm	 	 	Subcontract	 	 	Self
Manage	 	 	Subcontract	 	 	Self
Manage	 	 
	 Formal Contract
	 			 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	
	 Without Final Confirm
	 			 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	
	 With Final Confirm
	 			 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	
	 CDD Management
	 			 			 			 			 			 	[****	]* 	 	[****	]* 	 	[****	]* 	 			 	[****	]* 	 			 	[****	]* 	 	
	 Without Final Confirm
	 			 			 			 			 			 	[****	]* 	 	[****	]* 	 	[****	]* 	 			 	[****	]* 	 			 	[****	]* 	 	
	 With Final Confirm
	 			 			 			 			 			 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	
	 Total
	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	
	 Without Final Confirm
	 			 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	
	 With Final Confirm
	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	

 [****]* 

 

	*	This portion of Appendix D of Exhibit 4.23 has been omitted and filed with the Securities and Exchange Commission, pursuant to Rule 246-2 under the Securities Exchange
Act of 1934. 

  

 1 

 Appendix D 

 

																																
	 Contract No.
	  	CAT	  	Year	  	Province	  	Project
Name	 	 	Type	  	Execute
time	  	Sum	 	 	Delivery
Date	  	Preliminary Test	  	Final Confirm	  	Warranty
(Month)	  	Overdue
of

Warranty
	  	  	  	  	 	  	  	 	  	Basic	  	Actual	  	Basic	  	Actual	  	  
	 AH070086T-0000
	  	CCT	  	07	  	AH	  	[****	]* 	 	Platform	  	6/22/2007	  	¥	[****	]* 	 	7/30/2007	  	12/30/2007	  	12/20/2007	  	12/31/2008	  	12/25/2008	  	12.00	  	12/25/2009
	 AH070166N-0000
	  	CCN	  	07	  	AH	  	[****	]* 	 	Platform	  	12/20/2007	  	¥	[****	]* 	 	1/21/2008	  		  	12/26/2007	  	11/30/2008	  	11/28/2008	  	24.00	  	11/28/2010
	 AH070166N-000A
	  	CCN	  	07	  	AH	  	[****	]* 	 	Platform	  	8/11/2008	  	¥	—  	  	 		  		  		  		  		  	—  	  	None
	 BJ070065N-0000
	  	CCN	  	07	  	BJ	  	[****	]* 	 	Platform	  	8/16/2007	  	¥	[****	]* 	 	4/20/2007	  	9/30/2007	  	7/10/2007	  	9/30/2009	  		  	24.00	  	None
	 BJ080186N-0000
	  	CCN	  	08	  	BJ	  	[****	]* 	 	Platform	  	6/18/2008	  	¥	[****	]* 	 	9/7/2008	  	12/30/2009	  		  	2/25/2010	  		  	24.00	  	None
	 BJ080323N-0000
	  	CCN	  	08	  	BJ	  	[****	]* 	 	Platform	  	11/27/2008	  	¥	[****	]* 	 	1/21/2009	  	12/30/2009	  		  	2/25/2010	  		  	24.00	  	None
	 BJ080333N-0000
	  	CCN	  	08	  	BJ	  	[****	]* 	 	Platform	  	12/19/2008	  	¥	[****	]* 	 	1/21/2009	  	9/30/2009	  		  	12/31/2009	  		  	12.00	  	None
	 BJ090220U-0000
	  	CCU	  	09	  	HQ	  	[****	]* 	 	Platform	  		  	¥	[****	]* 	 		  		  		  		  		  	24.00	  	None
	 CN060014N-0000
	  	CCN	  	06	  	HQ	  	[****	]* 	 	Platform	  	9/15/2006	  	¥	[****	]* 	 		  		  		  		  		  	—  	  	None
	 CN070001N-0000
	  	CCN	  	07	  	HQ	  	[****	]* 	 	Platform	  	3/23/2007	  	¥	[****	]* 	 	5/25/2007	  		  	11/9/2007	  		  	4/28/2008	  	12.00	  	4/28/2009
	 CN070007N-0000
	  	CCN	  	07	  	HQ	  	[****	]* 	 	Platform	  	3/23/2007	  	¥	[****	]* 	 	5/8/2007	  	3/31/2008	  	3/31/2008	  	5/31/2009	  	4/29/2009	  	24.00	  	4/29/2011
	 CN070056N-0000
	  	CCN	  	07	  	HQ	  	[****	]* 	 	Platform	  	12/19/2007	  	¥	[****	]* 	 	6/7/2008	  	11/23/2008	  	3/31/2008	  	5/23/2009	  	4/29/2009	  	24.00	  	4/29/2011
	 CN080030N-0000
	  	CCN	  	08	  	HQ	  	[****	]* 	 	Platform	  	7/23/2008	  	¥	[****	]* 	 	8/18/2008	  	5/18/2009	  	11/5/2008	  	11/19/2009	  		  	24.00	  	None
	 CN080047N-0000
	  	CCN	  	08	  	HQ	  	[****	]* 	 	Platform	  	12/4/2008	  	¥	[****	]* 	 	1/12/2009	  	3/31/2010	  		  	9/30/2010	  		  	24.00	  	None
	 CT080066T-0000
	  	CCT	  	08	  	HQ	  	[****	]* 	 	Platform	  	11/18/2008	  	¥	[****	]* 	 	12/3/2008	  	7/2/2009	  	12/19/2008	  	1/31/2010	  		  	24.00	  	None
	 FJ060142N-0000
	  	CCN	  	06	  	FJ	  	[****	]* 	 	Platform	  	12/13/2006	  	¥	[****	]* 	 	1/16/2007	  	10/13/2007	  	8/30/2007	  	8/31/2008	  	6/20/2008	  	36.00	  	6/20/2011
	 FJ070013T-0000
	  	CCT	  	07	  	FJ	  	[****	]* 	 	Platform	  	3/7/2007	  	¥	[****	]* 	 	3/28/2007	  	6/1/2007	  	6/13/2007	  	4/28/2008	  	12/26/2007	  	12.00	  	39,807.00
	 FJ070098T-0000
	  	CCT	  	07	  	FJ	  	[****	]* 	 	Platform	  	9/21/2007	  	¥	[****	]* 	 	12/7/2007	  	6/30/2008	  	6/11/2008	  	12/31/2008	  	12/1/2008	  	12.00	  	40,148.00
	 FJ070137N-0000
	  	CCN	  	07	  	FJ	  	[****	]* 	 	Platform	  	12/13/2007	  	¥	[****	]* 	 	1/30/2008	  	9/30/2008	  	4/21/2008	  	3/31/2009	  	12/19/2008	  	36.00	  	12/19/2011
	 FJ080013N-0000
	  	CCN	  	08	  	FJ	  	[****	]* 	 	Platform	  	5/5/2008	  	¥	[****	]* 	 	3/10/2008	  	11/30/2008	  	11/28/2008	  	5/31/2009	  	11/28/2008	  	12.00	  	11/28/2009
	 FJ080018N-0000
	  	CCN	  	08	  	FJ	  	[****	]* 	 	Platform	  	3/21/2008	  	¥	[****	]* 	 	4/7/2008	  	10/31/2008	  	7/18/2008	  	4/30/2009	  	3/11/2009	  	36.00	  	3/10/2012
	 FJ080051N-0000
	  	CCN	  	08	  	FJ	  	[****	]* 	 	Platform	  	6/17/2008	  	¥	[****	]* 	 	7/8/2008	  	12/31/2008	  	8/22/2008	  	5/31/2009	  	4/17/2009	  	12.00	  	4/17/2010
	 FJ080076N-0000
	  	CCN	  	08	  	FJ	  	[****	]* 	 	Platform	  	9/4/2008	  	¥	[****	]* 	 	8/27/2008	  	2/28/2009	  	11/4/2008	  	8/31/2009	  	4/17/2009	  	12.00	  	4/17/2010
	 FJ080098N-0000
	  	CCN	  	08	  	FJ	  	[****	]* 	 	Platform	  	11/24/2008	  	¥	[****	]* 	 	12/31/2008	  	6/30/2009	  	3/1/2009	  	12/31/2009	  	4/17/2009	  	12.00	  	4/17/2010
	 FJ090024T-0000
	  	CCT	  	09	  	FJ	  	[****	]* 	 	Platform	  	4/30/2009	  	¥	[****	]* 	 		  	1/31/2010	  		  	7/31/2010	  		  	24.00	  	None
	 GD060090T-0000
	  	CCT	  	06	  	GD	  	[****	]* 	 	Platform	  	7/3/2006	  	¥	[****	]* 	 	8/20/2006	  	3/18/2007	  	11/26/2006	  	11/10/2008	  	10/21/2008	  	24.00	  	10/21/2010
	 GD060102T-0000
	  	CCT	  	06	  	GD	  	[****	]* 	 	Platform	  	9/20/2006	  	¥	[****	]* 	 	8/18/2006	  	6/10/2007	  	1/12/2007	  	12/10/2007	  	9/26/2007	  	24.00	  	9/25/2009
	 GD060116T-0000
	  	CCT	  	06	  	GD	  	[****	]* 	 	Platform	  	9/18/2006	  	¥	[****	]* 	 	9/20/2006	  	5/4/2007	  	12/26/2007	  	5/4/2007	  	12/26/2007	  	24.00	  	12/25/2009
	 GD060201T-0000
	  	CCT	  	06	  	GD	  	[****	]* 	 	Platform	  	12/27/2006	  	¥	[****	]* 	 	12/10/2006	  	10/30/2007	  	8/9/2007	  	4/30/2008	  	3/5/2009	  	24.00	  	3/5/2011
	 GD070002T-0010
	  	CCT	  	07	  	GD	  	[****	]* 	 	Platform	  	3/8/2007	  	¥	[****	]* 	 	4/13/2007	  		  	7/16/2007	  	3/29/2010	  	4/30/2008	  	24.00	  	4/30/2010
	 GD070025T-0000
	  	CCT	  	07	  	GD	  	[****	]* 	 	Platform	  	12/20/2007	  	¥	[****	]* 	 	4/1/2008	  		  	10/21/2008	  		  	10/21/2008	  	12.00	  	10/21/2009
	 GD070037T-0000
	  	CCT	  	07	  	GD	  	[****	]* 	 	Platform	  	5/17/2007	  	¥	[****	]* 	 	7/12/2007	  		  	9/18/2007	  	4/20/2008	  	4/8/2008	  	24.00	  	4/8/2010
	 GD070082T-0000
	  	CCT	  	07	  	GD	  	[****	]* 	 	Platform	  	6/22/2007	  	¥	[****	]* 	 	7/12/2007	  		  	7/24/2007	  	6/28/2008	  	5/23/2008	  	12.00	  	5/23/2009
	 GD070151T-0000
	  	CCT	  	07	  	GD	  	[****	]* 	 	Platform	  	8/31/2007	  	¥	[****	]* 	 	10/9/2007	  		  	12/5/2007	  		  	12/5/2007	  	24.00	  	12/4/2009
	 GD070303N-0000
	  	CCN	  	07	  	GD	  	[****	]* 	 	Platform	  	12/20/2007	  	¥	[****	]* 	 	1/10/2008	  	7/31/2008	  	6/18/2008	  	9/30/2009	  		  	24.00	  	None
	 GD080004T-0000
	  	CCT	  	08	  	GD	  	[****	]* 	 	Platform	  	3/20/2008	  	¥	[****	]* 	 	4/29/2008	  		  	10/29/2008	  	6/18/2009	  	6/26/2009	  	36.00	  	4/29/2011
	 GD080253T-0000
	  	CCT	  	08	  	GD	  	[****	]* 	 	Platform	  	9/22/2008	  	¥	[****	]* 	 	11/11/2008	  	8/30/2009	  	7/14/2009	  	11/30/2009	  		  	30.00	  	None
	 GD080310T-0000
	  	CCT	  	08	  	GD	  	[****	]* 	 	Platform	  	12/2/2008	  	¥	[****	]* 	 	12/23/2008	  	4/30/2009	  	5/31/2009	  	11/12/2009	  		  	36.00	  	None
	 GD080329T-0000
	  	CCT	  	08	  	GD	  	[****	]* 	 	Platform	  	12/16/2008	  	¥	[****	]* 	 	1/16/2008	  		  		  		  		  	24.00	  	1/16/2010
	 GS060078N-0000
	  	CCN	  	06	  	GS	  	[****	]* 	 	Platform	  	3/19/2007	  	¥	[****	]* 	 	7/3/2007	  	1/31/2008	  	12/14/2007	  	10/19/2008	  	9/1/2008	  	12.00	  	12/13/2008
	 GS070025T-0000
	  	CCT	  	07	  	GS	  	[****	]* 	 	Platform	  	5/15/2007	  	¥	[****	]* 	 	6/1/2007	  	7/8/2008	  	12/5/2007	  	12/5/2008	  	12/18/2008	  	36.00	  	12/18/2011
	 GS080033T-0000
	  	CCT	  	08	  	GS	  	[****	]* 	 	Platform	  	6/5/2008	  	¥	[****	]* 	 	5/24/2008	  	12/12/2008	  	12/1/2008	  	6/5/2009	  	5/27/2009	  	12.00	  	5/27/2010
	 GS080107T-0000
	  	CCT	  	08	  	GS	  	[****	]* 	 	Platform	  	12/5/2008	  	¥	[****	]* 	 	12/10/2008	  	3/10/2009	  	3/31/2009	  	9/6/2009	  		  	12.00	  	None
	 GS080134T-0000
	  	CCT	  	08	  	GS	  	[****	]* 	 	Platform	  	12/25/2008	  	¥	[****	]* 	 	12/1/2008	  	6/10/2009	  	3/31/2009	  	12/20/2009	  		  	12.00	  	None
	 GZ060179T-0000
	  	CCT	  	06	  	GZ	  	[****	]* 	 	Platform	  	8/16/2007	  	¥	[****	]* 	 	3/10/2007	  	7/31/2007	  	8/20/2007	  	12/31/2007	  	4/7/2008	  	12.00	  	4/7/2009
	 GZ070006T-0000
	  	CCT	  	07	  	GZ	  	[****	]* 	 	Platform	  	8/16/2007	  	¥	[****	]* 	 	3/25/2007	  	9/28/2007	  	9/13/2007	  	3/28/2008	  	3/14/2008	  	12.00	  	3/14/2009
	 GZ070057T-0000
	  	CCT	  	07	  	GZ	  	[****	]* 	 	Platform	  	6/22/2007	  	¥	[****	]* 	 	10/30/2007	  	12/30/2007	  	4/3/2008	  	11/24/2008	  	10/29/2008	  	24.00	  	10/29/2010
	 GZ070096T-0000
	  	CCT	  	07	  	GZ	  	[****	]* 	 	Platform	  	10/16/2007	  	¥	[****	]* 	 	1/30/2008	  	8/29/2008	  	6/26/2008	  	3/29/2009	  	3/12/2009	  	24.00	  	3/12/2011
	 GZ070111T-0000
	  	CCT	  	07	  	GZ	  	[****	]* 	 	Platform	  	1/14/2008	  	¥	[****	]* 	 	3/14/2008	  	9/1/2008	  	7/15/2008	  	3/1/2009	  	1/12/2009	  	24.00	  	1/12/2011
	 GZ070130T-0000
	  	CCT	  	07	  	GZ	  	[****	]* 	 	Platform	  	12/21/2007	  	¥	[****	]* 	 	2/28/2008	  	7/14/2008	  	4/14/2008	  	12/30/2008	  	11/1/2008	  	24.00	  	11/1/2010
	 HB070054T-0000
	  	CCT	  	07	  	HUB	  	[****	]* 	 	Platform	  	6/22/2007	  	¥	[****	]* 	 	7/30/2007	  	1/30/2008	  	12/13/2007	  	12/30/2008	  	12/16/2008	  	12.00	  	12/16/2009
	 HB070084T-0000
	  	CCT	  	07	  	HUB	  	[****	]* 	 	Platform	  	12/21/2007	  	¥	[****	]* 	 	7/2/2007	  	12/1/2007	  	10/25/2007	  	2/15/2009	  	12/4/2008	  	12.00	  	12/4/2009
	 HB080114T-0000
	  	CCT	  	08	  	HUB	  	[****	]* 	 	Platform	  	12/5/2008	  	¥	[****	]* 	 	12/30/2008	  	6/19/2009	  	4/2/2009	  	12/19/2009	  		  	24.00	  	None
	 HB090044T-0000
	  	CCT	  	09	  	HUB	  	[****	]* 	 	Platform	  	4/24/2009	  	¥	[****	]* 	 		  	9/30/2009	  		  	2/28/2010	  		  	24.00	  	None
	 HI090014U-0000
	  	CCU	  	09	  	HIN	  	[****	]* 	 	Platform	  	3/25/2009	  	¥	[****	]* 	 	3/10/2009	  	11/30/2009	  		  	6/16/2010	  		  	12.00	  	None
	 HI090017U-0000
	  	CCU	  	09	  	HIN	  	[****	]* 	 	Platform	  	3/25/2009	  	¥	[****	]* 	 	4/22/2009	  	9/30/2009	  		  	5/31/2010	  		  		  	4/21/2012
	 JS060224T-0000
	  	CCT	  	06	  	JS	  	[****	]* 	 	Platform	  	11/30/2006	  	¥	[****	]* 	 	12/14/2006	  	10/5/2007	  	1/25/2007	  	4/5/2008	  	4/10/2008	  	12.00	  	4/10/2009
	 JS070411T-0000
	  	CCT	  	07	  	JS	  	[****	]* 	 	Platform	  	12/20/2007	  	¥	[****	]* 	 	12/8/2007	  	12/31/2008	  	12/29/2008	  	6/30/2009	  	6/25/2009	  	36.00	  	6/24/2012
	 JS080063T-0000
	  	CCT	  	08	  	JS	  	[****	]* 	 	Platform	  	3/13/2008	  	¥	[****	]* 	 	3/14/2008	  	1/10/2009	  	1/8/2009	  	9/30/2009	  		  	36.00	  	None
	 JS080066T-0000
	  	CCT	  	08	  	JS	  	[****	]* 	 	Platform	  	3/13/2008	  	¥	[****	]* 	 	12/24/2007	  	1/10/2009	  	1/8/2009	  	9/30/2009	  		  	36.00	  	None
	 JX080012N-0000
	  	CCN	  	08	  	JX	  	[****	]* 	 	Platform	  	6/20/2008	  	¥	[****	]* 	 	4/7/2008	  	8/30/2009	  		  	3/31/2010	  		  	12.00	  	None
	 JX090009U-0000
	  	CCU	  	09	  	JX	  	[****	]* 	 	Platform	  	3/12/2009	  	¥	[****	]* 	 	5/18/2009	  	10/27/2009	  		  	4/27/2010	  		  	12.00	  	None
	 LN060253N-0000
	  	CCN	  	06	  	LN	  	[****	]* 	 	Platform	  	9/10/2007	  	¥	[****	]* 	 	4/18/2007	  	11/16/2007	  	11/16/2007	  	12/30/2008	  	12/10/2008	  	24.00	  	12/10/2010
	 NM060149N-0000
	  	CCN	  	06	  	NMG	  	[****	]* 	 	Platform	  	11/23/2007	  	¥	[****	]* 	 	11/28/2006	  	3/16/2007	  	6/1/2007	  	12/30/2009	  		  	12.00	  	None
	 NM060161N-0000
	  	CCN	  	06	  	NMG	  	[****	]* 	 	Platform	  	9/10/2007	  	¥	[****	]* 	 	12/15/2006	  	4/1/2007	  	6/18/2007	  	10/1/2008	  	6/16/2008	  	36.00	  	6/16/2011
	 NM080071N-0000
	  	CCN	  	08	  	NMG	  	[****	]* 	 	Platform	  	6/20/2008	  	¥	[****	]* 	 	10/1/2008	  	4/15/2009	  	5/15/2009	  	9/30/2009	  		  	24.00	  	None
	 NM090042U-0000
	  	CCU	  	09	  	NMG	  	[****	]* 	 	Platform	  		  	¥	[****	]* 	 		  		  	5/27/2009	  		  		  		  	None
	 NX090062T-0000
	  	CCT	  	09	  	NX	  	[****	]* 	 	Platform	  	6/3/2009	  	¥	[****	]* 	 	7/15/2009	  	9/30/2009	  		  		  		  	24.00	  	7/14/2012
	 NX090062T-000A
	  	CCT	  	09	  	NX	  	[****	]* 	 	Platform	  		  	¥	—  	  	 		  		  		  		  		  		  	None
	 SC070107T-0000
	  	CCT	  	07	  	SC	  	[****	]* 	 	Platform	  	6/22/2007	  	¥	[****	]* 	 	7/16/2007	  	4/30/2008	  	3/28/2008	  	7/31/2009	  	2/8/2009	  	24.00	  	2/8/2011
	 SC070110T-0000
	  	CCT	  	07	  	SC	  	[****	]* 	 	Platform	  	6/22/2007	  	¥	[****	]* 	 	7/22/2007	  	5/30/2008	  	3/28/2008	  	7/30/2009	  	2/8/2009	  	24.00	  	2/8/2011
	 SC080124T-0000
	  	CCT	  	08	  	SC	  	[****	]* 	 	Platform	  	7/21/2008	  	¥	[****	]* 	 	8/20/2008	  	12/31/2008	  	10/14/2008	  	7/30/2009	  	8/12/2009	  	18.00	  	2/10/2011
	 SC080232T-0000
	  	CCT	  	08	  	SC	  	[****	]* 	 	Platform	  	12/10/2008	  	¥	[****	]* 	 	1/8/2009	  	7/30/2009	  	4/20/2009	  	10/5/2009	  		  	12.00	  	None
	 SC080266N-0000
	  	CCN	  	08	  	SC	  	[****	]* 	 	Platform	  	12/23/2008	  	¥	[****	]* 	 	1/12/2009	  	7/30/2009	  	4/20/2009	  	10/9/2009	  		  	12.00	  	None
	 SD070118N-0000
	  	CCN	  	07	  	SD	  	[****	]* 	 	Platform	  	12/13/2007	  	¥	[****	]* 	 	9/28/2008	  	11/17/2008	  	11/11/2008	  	5/17/2009	  	5/21/2009	  	36.00	  	5/20/2012
	 SD070134N-0000
	  	CCN	  	07	  	SD	  	[****	]* 	 	Platform	  	12/21/2007	  	¥	[****	]* 	 	4/21/2008	  	8/30/2008	  	4/18/2008	  	2/27/2009	  	11/28/2008	  	36.00	  	11/28/2011
	 SD080123N-0000
	  	CCN	  	08	  	SD	  	[****	]* 	 	Platform	  	8/6/2008	  	¥	[****	]* 	 	9/28/2008	  	5/13/2009	  	10/29/2008	  	11/13/2009	  		  	36.00	  	3/22/2012
	 SD080163N-0000
	  	CCN	  	08	  	SD	  	[****	]* 	 	Platform	  	12/30/2008	  	¥	[****	]* 	 	11/12/2008	  	4/23/2009	  	12/1/2008	  	8/15/2009	  	3/23/2009	  	36.00	  	3/22/2012
	 SH080037M-0000
	  	CCM	  	08	  	SH	  	[****	]* 	 	Platform	  	9/24/2008	  	¥	[****	]* 	 	9/28/2008	  	12/31/2009	  		  	6/30/2010	  		  	24.00	  	None
	 SX060088N-0000
	  	CCN	  	06	  	SX	  	[****	]* 	 	Platform	  	9/10/2007	  	¥	[****	]* 	 	12/4/2006	  	6/20/2007	  	6/15/2007	  	12/22/2007	  	12/20/2007	  	36.00	  	12/19/2010
	 SX070070N-0000
	  	CCN	  	07	  	SX	  	[****	]* 	 	Platform	  	9/19/2007	  	¥	[****	]* 	 	9/28/2007	  	3/20/2008	  	3/11/2008	  	9/20/2008	  	9/20/2008	  	24.00	  	9/20/2010
	 SX080033N-0000
	  	CCN	  	08	  	SX	  	[****	]* 	 	Platform	  	5/30/2008	  	¥	[****	]* 	 	5/29/2008	  	1/23/2009	  	12/22/2008	  	7/24/2009	  	7/30/2009	  	24.00	  	7/30/2011
	 TJ080145M-0000
	  	CCM	  	08	  	TJ	  	[****	]* 	 	Platform	  	11/5/2008	  	¥	[****	]* 	 	11/15/2008	  	8/28/2010	  		  	6/28/2011	  		  	—  	  	11/15/2011
	 XJ070026N-0000
	  	CCN	  	07	  	XJ	  	[****	]* 	 	Platform	  	2/13/2007	  	¥	[****	]* 	 	5/24/2007	  	1/20/2008	  	11/19/2007	  	10/22/2008	  	6/30/2008	  	24.00	  	6/30/2010
	 XJ080100N-0000
	  	CCN	  	08	  	XJ	  	[****	]* 	 	Platform	  	11/18/2008	  	¥	[****	]* 	 	1/1/2009	  	11/30/2009	  		  	2/28/2010	  		  	12.00	  	None
	 XZ070029N-0000
	  	CCN	  	07	  	XZ	  	[****	]* 	 	Platform	  	6/22/2007	  	¥	[****	]* 	 	12/15/2007	  	7/31/2008	  	6/10/2008	  	11/30/2008	  	8/29/2008	  	12.00	  	8/29/2009
	 XZ070075T-0000
	  	CCT	  	07	  	XZ	  	[****	]* 	 	Platform	  	12/18/2007	  	¥	[****	]* 	 	4/8/2008	  	9/30/2009	  		  	2/28/2010	  		  	12.00	  	None
	 XZ070075T-000A
	  	CCT	  	07	  	XZ	  	[****	]* 	 	Platform	  	9/6/2008	  	¥	—  	  	 	11/6/2008	  		  		  		  		  		  	None
	 XZ080037N-0000
	  	CCN	  	08	  	XZ	  	[****	]* 	 	Platform	  	6/13/2008	  	¥	[****	]* 	 	7/15/2008	  	6/30/2009	  	3/12/2009	  	9/30/2009	  	3/12/2009	  	12.00	  	3/12/2010
	 ZJ070101M-0000
	  	CCM	  	07	  	ZJ	  	[****	]* 	 	Platform	  	8/24/2008	  				 	12/17/2008	  	1/31/2008	  	4/16/2008	  	6/30/2009	  	4/16/2009	  	36.00	  	4/16/2011
	 SD090171U-0000
	  	CCU	  	09	  	SD	  	[****	]* 	 	Platform	  	6/22/2009	  	¥	[****	]* 	 	8/30/2009	  	2010-2-30	  		  	10/30/2010	  		  	36.00	  	None
	 HB090093T-0000
	  	CCT	  	09	  	HUB	  	[****	]* 	 	Platform	  	8/21/2009	  	¥	[****	]* 	 	9/30/2009	  	3/30/2010	  		  	9/30/2010	  		  	24.00	  	None
	 Total
	   
	 	Total	  		  	¥	[****	]* 	 		  		  		  		  		  		  	
	 Contract without final confirm

	 Contract with final confirm

 

 1 

 Appendix D 

 

																															
	 	 	 	 	 	 	 	 	After sale L1 Effort (per person per day)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Warranty of Techniques	 	 	Warranty of PM	 
	 Contract No.
	 	Platform
Serial	 	 	End-users
only
development	 	 	Install
Technical
Part	 	 	Install
PM	 	 	Total	 	 	before
final
confirm	 	 	after
final
confirm	 	 	Total	 	 	before
final
confirm	 	 	after
final
confirm	 
	 AH070086T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 AH070166N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 AH070166N-000A
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 BJ070065N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 BJ080186N-0000
	 	[****	]* 	 	[****	]* 	 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 BJ080323N-0000
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 BJ080333N-0000
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 BJ090220U-0000
	 	[****	]* 	 	[****	]* 	 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 CN060014N-0000
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 CN070001N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 CN070007N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 CN070056N-0000
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 CN080030N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 CN080047N-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 CT080066T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 FJ060142N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ070013T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 FJ070098T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ070137N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ080013N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ080018N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ080051N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ080076N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ080098N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 FJ090024T-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 GD060090T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD060102T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD060116T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD060201T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD070002T-0010
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD070025T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD070037T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD070082T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 GD070151T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD070303N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 GD080004T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GD080253T-0000
	 	[****	]* 	 	[****	]* 	 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 GD080310T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 GD080329T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GS060078N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 GS070025T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GS080033T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GS080107T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 GS080134T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 GZ060179T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 GZ070006T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 GZ070057T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GZ070096T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GZ070111T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 GZ070130T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 HB070054T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 HB070084T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 HB080114T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 HB090044T-0000
	 	[****	]* 	 			 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 HI090014U-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 HI090017U-0000
	 			 			 	[****]	* 	 	[****	]* 	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 JS060224T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 JS070411T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 JS080063T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 JS080066T-0000
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 JX080012N-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 JX090009U-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 LN060253N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 NM060149N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 NM060161N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 NM080071N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 NM090042U-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 NX090062T-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 NX090062T-000A
	 			 			 			 			 			 			 			 			 			 		
	 SC070107T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SC070110T-0000
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  
	 SC080124T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SC080232T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 SC080266N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 SD070118N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SD070134N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SD080123N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SD080163N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SH080037M-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 SX060088N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SX070070N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SX080033N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 TJ080145M-0000
	 			 			 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	—  	  
	 XJ070026N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 XJ080100N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 XZ070029N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 XZ070075T-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 XZ070075T-000A
	 			 			 			 			 			 			 			 			 			 		
	 XZ080037N-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 ZJ070101M-0000
	 	[****	]* 	 			 	—  	  	 	—  	  	 	[****	]* 	 	—  	  	 	[****	]* 	 	[****	]* 	 	—  	  	 	[****	]* 
	 SD090171U-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 HB090093T-0000
	 	[****	]* 	 			 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 Total
	 			 	[****	]* 	 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 Contract without final confirm
	 			 	[****	]* 	 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 
	 Contract with final confirm
	 			 	[****	]* 	 	[****]	* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 	 	[****	]* 

  

 2 

 Appendix D 

 

																							
	 Contract No.
	  	
Before Closing Forecase Effort (per person per day)
	  	
After Closing Forecase Effort (per person per day)
	  	 	  	 	  	 
	  	 Install
Technical
Part
	  	 Install PM
	  	 Warranty
of
Techniques
	  	 Warranty
of PM
	  	 Install
Technical
Part
	  	 Install PM
	  	 warranty
of technical
part
	  	 PM
Warranty
	  	 Comments
	  	 Beginning
Date
	  	 Closing
Date

	 AH070086T-0000
	  		  		  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 AH070166N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 AH070166N-000A
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	 6/1/2009
	  	 8/30/2009

	 BJ070065N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 BJ080186N-0000
	  		  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 BJ080323N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 BJ080333N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 BJ090220U-0000
	  	[****]*	  	[****]*	  		  		  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 CN060014N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 CN070001N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 CN070007N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 CN070056N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	 6/1/2009
	  	 8/30/2009

	 CN080030N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 CN080047N-0000
	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 CT080066T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ060142N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ070013T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 FJ070098T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ070137N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ080013N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ080018N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ080051N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ080076N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ080098N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 FJ090024T-0000
	  	[****]*	  	[****]*	  		  		  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD060090T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD060102T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD060116T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD060201T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD070002T-0010
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD070025T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD070037T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD070082T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 GD070151T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD070303N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD080004T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD080253T-0000
	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD080310T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GD080329T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GS060078N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 GS070025T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GS080033T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GS080107T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GS080134T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GZ060179T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 GZ070006T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 GZ070057T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GZ070096T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GZ070111T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 GZ070130T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 HB070054T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 HB070084T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 HB080114T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 HB090044T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 HI090014U-0000
	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	 6/1/2009
	  	 8/30/2009

	 HI090017U-0000
	  		  		  		  		  	[****]*	  	[****]*	  	—  	  	—  	  		  	 6/1/2009
	  	 8/30/2009

	 JS060224T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	6/1/2009	  	8/30/2009
	 JS070411T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 JS080063T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 JS080066T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	6/1/2009	  	8/30/2009
	 JX080012N-0000
	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 JX090009U-0000
	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 LN060253N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 NM060149N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 NM060161N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 NM080071N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 NM090042U-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 NX090062T-0000
	  	[****]*	  	[****]*	  		  		  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 NX090062T-000A
	  		  		  		  		  		  		  		  		  	[****]*	  	6/1/2009	  	8/30/2009
	 SC070107T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SC070110T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  		  	6/1/2009	  	8/30/2009
	 SC080124T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SC080232T-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SC080266N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SD070118N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SD070134N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SD080123N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SD080163N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SH080037M-0000
	  	[****]*	  	[****]*	  		  		  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SX060088N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SX070070N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SX080033N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 TJ080145M-0000
	  	—  	  		  		  	—  	  	—  	  	[****]*	  	—  	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 XJ070026N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 XJ080100N-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 XZ070029N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	—  	  	—  	  		  	6/1/2009	  	8/30/2009
	 XZ070075T-0000
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 XZ070075T-000A
	  		  		  		  		  		  		  		  		  		  	6/1/2009	  	8/30/2009
	 XZ080037N-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 ZJ070101M-0000
	  	—  	  	—  	  	[****]*	  	[****]*	  	—  	  	—  	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 SD090171U-0000
	  	—  	  	—  	  		  	—  	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 HB090093T-0000
	  	—  	  	—  	  		  		  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  	6/1/2009	  	8/30/2009
	 Total
	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  		  	
	 Contract without final confirm
	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  		  	
	 Contract with final confirm
	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  	[****]*	  		  		  	

  

 3 

 Appendix F (English translation) 

Intellectual Property Transfer & License Contract 

This Intellectual Property Transfer & License Contract (hereinafter the “Contract”) is entered into by and between
Alcatel-Lucent Shanghai Bell Co., Ltd., a Chinese company incorporated and existing in accordance with laws of the People’s Republic of China with registered address at 388 Ningqiao Road, Jinqiao Export Processing Zone, Pudong New Area,
Shanghai, China (hereinafter “ASB”) and Vimicro Electronics Corporation, a Chinese company incorporated and existing in accordance with laws of the People’s Republic of China with registered address at F2, Block A1, Tianjin University
Science Park, 80 4th Street, Tianjin Economic and
Technological Development Zone (hereinafter “Vimicro”). ASB and Vimicro may be referred to individually as a “Party” or collectively as the “Parties”. This Contract shall become effective as of Sep
1st,2009 (hereinafter the “Effective Date”).

 Whereas: in order to ensure proper implementation of “ViSS Business Transfer Contract” entered into between the Parties, ASB agrees
to assign and license its relevant intellectual property to Vimicro, and the Parties have, through friendly consultation, entered into this Contract in accordance with the “Contract Law of the People’s Republic of China” and other
laws and regulations, and agreed as follows: 
 Chapter 1—Definitions 

Except otherwise stipulated herein, the terms below shall have the following meanings: 

1.1 “Affiliate”: any legal entity or company affiliated to any Party hereto, including (i) any entity or company directly or indirectly
owned or controlled by one Party; (ii) any entity or company directly or indirectly owning or controlling one Party; and (iii) any entity or company jointly owning or controlling some entity with one Party, or jointly owned or controlled
by some entity together with one Party. In this Contract, “controlling” or “owning” some entity shall mean (i) directly or indirectly holding more than 50% of outstanding stock of such an entity ( par value), or holding more
than 50% of outstanding stock entitled to vote for election of directors or similar personnel; or (iii) otherwise holding the right to directly or indirectly vote for or nominate directors (or other personnel exercising similar rights).

 1.2 “ViSS Business” shall refer to in Chapter 1 Subject Matter of Transaction of “ViSS Business Transfer Contract”, i.e.,
the application system of intelligent video surveillance system software of telecom operator level developed by ASB, and relevant current version, fixed assets, stock, relevant contracts, intellectual property, and employees. 

1.3 “Multi-purpose Patent of Relevant Business”: all patents and patent applications related to ViSS Business owned by ASB and its Affiliates
up to the Closing Date. More specifically, in the event that one or more claims from these patents or patent applications up to the Closing Date will make infringement to current ViSS Products, such patents or patent applications may be referred to
as multi-purpose patent of business. 
 1.4 “Relevant Business Copyright”: all copyrights referred to in Annex 1 of this Contract.

  

 1 

 Appendix F (English translation) 

 

 1.5 “ViSS Business Transfer Contract”: the contract entered into between the Parties on
August 28 , 2009 regarding the transfer of ViSS Business from ASB to Vimicro. 
 1.6 “Closing Date”:
the 7th working day as of Effective Date of “ViSS
Business Transfer Contract”, subject to stipulations in Article 3.4 of “ViSS Business Transfer Contract”. 
 1.7 “ViSS
Product(s)”: the above-mentioned ViSS Product(s) and derivative product(s) developed, produced and marketed by ViSS Business. 
 Chapter
2 Transfer of Relevant Business Copyright 
 2.1 Within twelve (12) consecutive working days as of the Closing Date, ASB shall deliver
the ownership of relevant Business Copyright other than the software copyright to Vimicro at a place designated by the Seller (the software delivery shall be subject to the delivery list attached). The Seller’s software code library is stored
in the clearcase server, and the Buyer may check the medium storing software pursuant to the delivery list. After checking, the Buyer shall export VOB corresponding to the code library to a medium (e.g., hard disk) to obtain codes and binary
package, and the Parties shall sign on the delivery list for confirmation to complete delivery. (Clearcase tool software is not within the scope of delivery.) The delivery shall be completed within twelve (12) working days as of the date when
this Contract is formally signed. Within five (5) working days after the Seller gives the delivery notice and delivery list, if the Buyer fails to designate any personnel for delivery, it will be deemed that the delivery has been automatically
completed. 
 2.2 With regards to software copyright, within twelve (12) consecutive working days as of the Closing Date, ASB shall deliver
files and materials necessary for ownership transfer procedures to Vimicro to assist Vimicro in completing the ownership transfer procedures at the National Copyright Administration, so as to finally complete the ownership delivery. 

2.3 Vimicro shall carry out all activities and bear all expenses necessary for or arising from the aforesaid software copyright transfer, including any
possible commission or official expenses. 
 Chapter 3 License of Multi-Purpose Patent of Relevant Business 

3.1 With regard to Multi-purpose Patent of Relevant Business, ASB shall grant Vimicro the free of charge, non-exclusive, non-transferable license in
Mainland China to enable Vimicro to: 
 - produce, use, sell, offer for sale, and import ViSS Products; and 

- for Vimicro’s benefits, to authorize any third party to produce, use, sale, or offer for sale , provided that: 

(i) the conception, specification, or design drawing to produce aforesaid ViSS Products are provided by Vimicro; and 

(ii) the conception, specification or design drawing shall be detailed enough so that the third party need not make further design but a
fine adjustment when necessary for manufacturing. 
  

 2 

 Appendix F (English translation) 

 

 3.2 ASB shall grant Vimicro the license of Multi-purpose Patent of Relevant Business, including the
rights sublicensed to its Affiliates by Vimicro, who shall ensure that its Affiliates granted with such sublicense comply with all articles and stipulations binding upon Vimicro. In the event that one of Vimicro’s Affiliates is not qualified as
an Affiliate, the sublicense granted to such party in accordance with above articles shall become invalid as of the date when it’s disqualified as an Affiliate. 

Chapter 4 Reservation of Rights 
 With
regard to copyright of relevant business, provided that ASB complies with Chapter 10 Horizontal Competition Limitation of “ViSS Business Transfer Contract”, Vimicro shall grant ASB and its Affiliates free of charge, non-exclusive,
non-transferable license worldwide to enable it to: 
 use, update, strengthen, duplicate, and prepare derivative products and distribute
materials and derivative products by ASB with copyright. 
 Chapter 5 Representations and Warranties 

5.1 Up to the Closing Date, ASB shall undertake that Relevant Business Copyright transferred from ASB to Vimicro hereunder shall be free from any
mortgage, guarantee, or other third-party rights. 
 5.2 Up to the Closing Date, ASB undertakes that there shall be no existing intellectual
property infringement lawsuit filed by any third party against the production and sale of ViSS Products against ASB; within twelve (12) months before the Closing Date, ASB shall undertake that ASB or its Affiliate has not received any warning
letter in writing on intellectual property infringement from any third party. 
 5.3 In case of any lawsuit or claim on intellectual property
infringement against ASB by any third party for ViSS Products sold before the Closing Date, or produced before the Closing Date but transferred to Vimicro after such a date, ASB shall bear all relevant liabilities. 

5.4 ASB or its Affiliates will not file any lawsuit on infringement or claim against Vimicro for its patents or patent applications (including patents or
patent applications obtained after the Closing Date) applied to ViSS Business before the Closing Date. 
 5.5 ASB makes no further warranty on
the scope of claim or effectiveness of patents licensed to Vimicro in accordance with this Contract. 
 5.6 In any case neither Party shall be
liable for any indirect or punitive damages arising from or in connection with this Contract. 
 Chapter 6 Term and Termination

 6.1 This Contract shall become effective as of: (i) the date when it is signed; or (ii) the Closing Date, whichever is later.

  

 3 

 Appendix F (English translation) 

 

 6.2 Except terminated in accordance with relevant articles hereof, this Contract shall remain effective
within the effective period of Multi-purpose Patent of Relevant Business. 
 6.3 Upon consent by both ASB and Vimicro, this Contract may be
terminated at any time. 
 6.4 ViSS Products owned by Vimicro and its Affiliates or delivered to the distributors before termination hereof can
be sold after termination hereof. 
 Chapter 7 Miscellaneous 

7.1 Any modification, addition and supplement to this Contract shall be made in writing, and signed by duly authorized representatives of the Parties and
form an integral part of this Contract with the same legal effect binding upon both Parties; unless otherwise stipulated herein, aforesaid modification, addition and supplement shall replace or constitute modification to relevant articles.

 7.2 This Contract and annexes shall constitute the entire understanding of the Parties of this Contract, and shall replace all prior
discussions, agreements or statements, oral or written, executed or unexecuted, between the Buyer and Seller. 
 7.3 In case one article hereof
is invalid or unenforceable for some reason, it shall be modified to the maximum extent other than waiver thereof, so as to reach the intent of both Parties under this Contract. In any case, other articles hereof shall be deemed effective and
enforceable to the maximum extent. 
 7.4 The Parties agree that articles and contents contained herein shall be kept confidential, which shall
not be disclosed to any third party except the existence of this Contract. Either party may notify its Affiliates or transferee articles and contents of this Contract to the extent as required to be known by its Affiliate or transferee, who shall
sign a confidentiality agreement in compliance with this article. If one Party is required to disclose articles and contents hereof in accordance with legal procedures, it shall immediately notify the same to the other party, and shall cooperate
properly with the other party pursuant to its requirements to defend against such disclosure. Obligations of the Parties stipulated in this article shall survive termination of this Contract. 

7.5 Neither Party may, without written consent of the other Party, transfer this Contract to any third party other than its Affiliates. 

 

 4 

 Appendix F (English translation) 

 

 (Signing page) 

Alcatel-Lucent Shanghai Bell Co., Ltd. 
 Legal
representative or authorized representative: 
 Date: 

Vimicro Electronics Corporation 
 Legal
representative or authorized representative: 
 Date: 
  

 5 

 Appendix F (English translation) 

 

 Annex 1: 
  

 6 

 Appendix F 

 

					
	 ID
	  	 Title
	 	 Date

	 8CH-10192-AAAA-DTZZA
	  	[****]*	 	2006/1/10
			
	 3FZ-03227-AD09-DFZZA
	  	[****]*	 	2006/1/12
			
	 8CH-10198-AAAA-DTZZA
	  	[****]*	 	2006/1/25
			
	 8CH-10199-AAAA-DTZZA
	  	[****]*	 	2006/4/3
			
	 8CH-10229-AAAA-DTZZA
	  	[****]*	 	2006/6/23
			
	 8CH-10225-AAAA-DTZZA
	  	[****]*	 	2006/6/30
			
	 8CH-10248-AAAA-DTZZA
	  	[****]*	 	2006/8/16
			
	 8CH-10256-AAAA-DTZZA
	  	[****]*	 	2006/11/6
			
	 8CH-10360-AAAA-PVZZA
	  	[****]*	 	2006/12/18
			
	 001SCM00067928
	  	[****]*	 	2006/12/22
			
	 001SCM00068055
	  	[****]*	 	2006/12/31
			
	 001SCM00068056
	  	[****]*	 	2006/12/31
			
	 001SCM00068057
	  	[****]*	 	2006/12/31
			
	 001SCM00068059
	  	[****]*	 	2006/12/31
			
	 001SCM00068308
	  	[****]*	 	2007/1/16
			
	 001SCM00068052
	  	[****]*	 	2007/1/24
			
	 001SCM00068487
	  	[****]*	 	2007/1/24
			
	 8CH-10360-AAAA-DTZZA
	  	[****]*	 	2007/1/24
			
	 001SCM00068532
	  	[****]*	 	2007/1/25
			
	 001SCM00068575
	  	[****]*	 	2007/1/30
			
	 8CH-10333-AAAA-DTZZA
	  	[****]*	 	2007/3/13
			
	 3FZ-04047-AC00-DFZZA
	  	[****]*	 	2007/3/16
			
	 8CH-10342-AAAA-DTZZA
	  	[****]*	 	2007/3/23
			
	 001SCM00068310
	  	[****]*	 	2007/4/23
			
	 001SCM00070249
	  	[****]*	 	2007/4/23
			
	 8CH-10376-AAAA-DTZZA
	  	[****]*	 	2007/4/23
			
	 001SCM00070254
	  	[****]*	 	2007/4/28
			
	 001SCM00068313
	  	[****]*	 	2007/5/8
			
	 8DA-10112-AAAK-DTZZA
	  	[****]*	 	2007/5/23
			
	 3FZ-03868-2610-DFZZA
	  	[****]*	 	2007/6/5
			
	 8CH-10360-AAAA-DTZZA
	  	[****]*	 	2007/6/19
			
	 3FZ-03868-2601-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2602-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2603-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2604-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2606-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2607-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2608-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2609-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2611-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2612-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2661-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2685-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2686-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2687-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2688-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2689-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2690-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2691-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2692-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2693-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2694-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2695-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2696-DFZZA
	  	[****]*	 	2007/7/24
			
	 3FZ-03868-2608-DFZZA
	  	[****]*	 	2007/7/27
			
	 3MD-91002-0003-DTZZA
	  	[****]*	 	2007/8/6
			
	 3MD-91002-AAAA-DTZZA
	  	[****]*	 	2007/8/6
			
	 3MD-91015-AAAA-DTZZA
	  	[****]*	 	2007/8/29
			
	 3FZ-04332-AAAA-DTZZA
	  	[****]*	 	2007/9/21
			
	 001SCM00070250
	  	[****]*	 	2007/11/7
			
	 3MD-91013-0003-DTZZA
	  	[****]*	 	2007/11/7

  

	*	This portion of Appendix F of Exhibit 4.23 has been omitted and filed with the Securities and Exchange Commission, pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934. 

  

 1 

 Appendix F 

 

					
	 ID
	  	 Title
	 	 Date

	 3MD-91013-AAAA-DTZZA
	  	[****]*	 	2007/11/7
			
	 3MD-91002-AAAA-DTZZA
	  	[****]*	 	2007/11/13
			
	 3MD-91002-0004-DTZZA
	  	[****]*	 	2007/11/27
			
	 001SCM00074312
	  	[****]*	 	2007/11/30
			
	 3FZ-03868-2609-DFZZA
	  	[****]*	 	2007/12/5
			
	 3MD-91015-BAAA-DTZZA
	  	[****]*	 	2007/12/5
			
	 3MD-91015-CBAA-DTZZA
	  	[****]*	 	2007/12/5
			
	 001SCM00074931
	  	[****]*	 	2007/12/14
			
	 3MD-91019-0005-DTZZA
	  	[****]*	 	2008/1/30
			
	 3MD-91036-CC01-DFZZA
	  	[****]*	 	2008/2/19
			
	 3MD-91013-AAAA-DTZZA
	  	[****]*	 	2008/3/5
			
	 3MD-91001-BB01-DTZZA
	  	[****]*	 	2008/3/11
			
	 3MD-91001-BBAA-DTZZA
	  	[****]*	 	2008/3/11
			
	 3MD-91001-CCAA-DTZZA
	  	[****]*	 	2008/3/11
			
	 3MD-91019-0002-DTZZA
	  	[****]*	 	2008/3/11
			
	 3MD-91019-0004-DTZZA
	  	[****]*	 	2008/3/11
			
	 3MD-91019-AAAA-DTZZA
	  	[****]*	 	2008/3/11
			
	 3FZ-03868-2602-DFZZA
	  	[****]*	 	2008/3/12
			
	 3MD-91020-AAAA-DTZZA
	  	[****]*	 	2008/3/26
			
	 3FZ-03868-2607-DFZZA
	  	[****]*	 	2008/3/28
			
	 3MD-91001-EE02-DTZZA
	  	[****]*	 	2008/3/31
			
	 3MD-91001-EEAA-DTZZA
	  	[****]*	 	2008/3/31
			
	 3MD-91000-BBAA-DTZZA
	  	[****]*	 	2008/4/15
			
	 3MD-91001-CC01-DTZZA
	  	[****]*	 	2008/4/28
			
	 3MD-91020-BBAA-DTZZA
	  	[****]*	 	2008/5/14
			
	 3MD-91001-0003-UEZZA
	  	[****]*	 	2008/5/21
			
	 3MD-91001-0005-UEZZA
	  	[****]*	 	2008/5/21
			
	 3MD-91020-CCAA-DTZZA
	  	[****]*	 	2008/6/2
			
	 3FZ-03868-2611-DFZZA
	  	[****]*	 	2008/6/5
			
	 3MD-91018-0006-DTZZA
	  	[****]*	 	2008/6/5
			
	 3MD-91020-EE01-DTZZA
	  	[****]*	 	2008/6/11
			
	 3MD-91020-EEAA-DTZZA
	  	[****]*	 	2008/6/11
			
	 3MD-91020-EE02-DTZZA
	  	[****]*	 	2008/6/12
			
	 3MD-91037-EAAA-DTZZA
	  	[****]*	 	2008/6/16
			
	 3MD-91036-FFAA-DTZZA
	  	[****]*	 	2008/6/23
			
	 3MD-91036-HH02-DTZZA
	  	[****]*	 	2008/6/25
			
	 3MD-91036-EAAA-PEZZA
	  	[****]*	 	2008/7/3
			
	 3MD-91036-EANA-PEZZA
	  	[****]*	 	2008/7/3
			
	 3MD-91036-HH01-DTZZA
	  	[****]*	 	2008/7/3
			
	 3MD-91020-DDAA-DTZZA
	  	[****]*	 	2008/7/11
			
	 3MD-91001-0006-UEZZA
	  	[****]*	 	2008/8/11
			
	 3MD-91001-CCAA-DTZZA
	  	[****]*	 	2008/8/19
			
	 3MD-91001-FFAA-DTZZA
	  	[****]*	 	2008/8/20
			
	 3MD-91054-AAAA-DTZZA
	  	[****]*	 	2008/8/21
			
	 3MD-91036-AAAA-DTZZA
	  	[****]*	 	2008/8/26
			
	 3MD-91036-CC02-DFZZA
	  	[****]*	 	2008/8/27
			
	 3MD-91036-HHAA-DTZZA
	  	[****]*	 	2008/9/5
			
	 3MD-91036-JJAA-DTZZA
	  	[****]*	 	2008/9/10
			
	 3MD-91001-0004-UEZZA
	  	[****]*	 	2008/9/22
			
	 3MD-91002-BAAA-PEZZA
	  	[****]*	 	2008/9/26
			
	 3MD-91036-EAAA-DTZZA
	  	[****]*	 	2008/10/13
			
	 3MD-91002-CBAA-DTZZA
	  	[****]*	 	2008/10/14
			
	 3MD-91056-0002-DTZZA
	  	[****]*	 	2008/10/14
			
	 3MD-91002-CB02-DTZZA
	  	[****]*	 	2008/10/16
			
	 3MD-91056-AAAA-DTZZA
	  	[****]*	 	2008/10/17
			
	 3MD-91020-FF02-DTZZA
	  	[****]*	 	2008/11/4
			
	 3MD-91020-FFAA-DTZZA
	  	[****]*	 	2008/11/4
			
	 3MD-91001-0007-UEZZA
	  	[****]*	 	2008/11/6
			
	 3MD-91036-BBAA-DTZZA
	  	[****]*	 	2008/11/6
			
	 3MD-91049-0002-DTZZA
	  	[****]*	 	2008/11/7
			
	 3MD-91049-0003-DTZZA
	  	[****]*	 	2008/11/7
			
	 3MD-91049-AAAA-DTZZA
	  	[****]*	 	2008/11/7

  

 2 

 Appendix F 

 

					
	 ID
	  	 Title
	 	 Date

	3MD-91036-LLAA-DTZZA	  	[****]*	 	2008/11/10
			
	3MD-91036-KK11-TCZZA	  	[****]*	 	2008/11/11
			
	3MD-91020-DDAA-DTZZA	  	[****]*	 	2008/11/13
			
	3MD-91036-MMAA-DTZZA	  	[****]*	 	2008/11/21
			
	3MD-91036-KK01-DTZZA	  	[****]*	 	2008/11/27
			
	3MD-91036-KK09-TCZZA	  	[****]*	 	2008/12/1
			
	3FZ-03868-2603-DFZZA	  	[****]*	 	2008/12/2
			
	3MD-91036-AAAA-DTZZA	  	[****]*	 	2008/12/12
			
	3MD-91049-0002-DTZZA	  	[****]*	 	2008/12/15
			
	3MD-91039-BB01-DTZZA	  	[****]*	 	2008/12/18
			
	3MD-91039-BBAA-DTZZA	  	[****]*	 	2008/12/18
			
	3MD-91060-0002-DTZZA	  	[****]*	 	2008/12/19
			
	3MD-91060-AAAA-DTZZA	  	[****]*	 	2008/12/19
			
	3MD-91001-0010-UEZZA	  	[****]*	 	2008/12/22
			
	3MD-91063-0003-DTZZA	  	[****]*	 	2008/12/25
			
	3MD-91056-AAAA-DTZZA	  	[****]*	 	2008/12/26
			
	3MD-91001-0001-UEZZA	  	[****]*	 	2008/12/29
			
	3MD-91001-0008-UEZZA	  	[****]*	 	2009/1/6
			
	3MD-91001-0002-UEZZA	  	[****]*	 	2009/1/8
			
	3MD-91001-0009-UEZZA	  	[****]*	 	2009/1/9
			
	3MD-91020-GGAA-DTZZA	  	[****]*	 	2009/1/9
			
	3MD-91056-BBAA-DTZZA	  	[****]*	 	2009/1/9
			
	3MD-91036-KKAA-DTZZA	  	[****]*	 	2009/1/12
			
	3MD-91056-BB01-DTZZA	  	[****]*	 	2009/1/13
			
	3MD-91060-AAAA-DTZZA	  	[****]*	 	2009/1/20
			
	3MD-91056-CCAA-DRZZA	  	[****]*	 	2009/2/4
			
	3MD-91056-CC01-DTZZA	  	[****]*	 	2009/2/10
			
	3MD-91056-CCAA-DTZZA	  	[****]*	 	2009/2/10
			
	3MD-91063-0002-DTZZA	  	[****]*	 	2009/3/2
			
	3MD-91063-AAAA-DTZZA	  	[****]*	 	2009/3/10
			
	3MD-91063-CC02-DTZZA	  	[****]*	 	2009/4/8
			
	3MD-91063-CC03-DTZZA	  	[****]*	 	2009/4/8
			
	3MD-91063-CCAA-DTZZA	  	[****]*	 	2009/4/8
			
	3MD-91067-0001-DTZZA	  	[****]*	 	2009/4/20
			
	3MD-91067-0004-DTZZA	  	[****]*	 	2009/4/20
			
	3MD-91067-AAAA-DTZZA	  	[****]*	 	2009/4/21
			
	3MD-91063-BB02-DTZZA	  	[****]*	 	2009/5/13
			
	3MD-91063-BBAA-DTZZA	  	[****]*	 	2009/5/13
			
	3MD-91067-0003-DTZZA	  	[****]*	 	2009/5/19
			
	3MD-91063-EEAA-DTZZA	  	[****]*	 	2009/5/26
			
	3MD-91067-BBAA-DTZZA	  	[****]*	 	2009/6/2
			
	3MD-91079-AAAA-DTZZA	  	[****]*	 	2009/6/16
			
	3MD-91081-0002-DTZZA	  	[****]*	 	2009/6/17
			
	3MD-91081-AAAA-DTZZA	  	[****]*	 	2009/6/17
			
	3MD-91036-NN16-DPZZA	  	[****]*	 	2009/7/3
			
	3MD-91036-NN16-DTZZA	  	[****]*	 	2009/7/27
			
	3MD-91063-FF03-DTZZA	  	[****]*	 	2009/8/13
			
	3MD-91087-AAAA-DTZZA	  	[****]*	 	2009/8/13
			
	3MD-91036-PP03-DTZZA	  	[****]*	 	2009/8/14
			
	3MD-91036-SS03-DTZZA	  	[****]*	 	2009/8/19
			
	3MD-91087-0002-DTZZA	  	[****]*	 	2009/8/20

  

 3 

 Appendix F 

 

 Contract for Computer Software Copyright Assignment 

Party A (the Assignor): Alcatel Shanghai Bell Co., Ltd,  

Party B (the Assignee): Vimicro Electronics Corporation. 

In order to make joint contribution to the national software undertakings, both Party A and Party B, in accordance with relevant regulations of the
Copyright Law of the People’s Republic of China and Regulations for the Protection of Computer Software, hereby voluntarily enter into this Contract for Computer Software Copyright Assignment through fair and friendly consultation, and agree to
comply with the same. 
 Article 1 Name of the work 

Party A assigns all copyrights it owns and belongs with the name of the Bell Alcatel ViSS Network Video Surveillance software V2.0 version
(copyright registration number: 2007SR15750) to Party B. 
 Article 2 Type of the right assigned and territorial scope 

Party A assigns any and all copyrights in any territorial scope to Party B. 

Article 3 Assignment price and date and method of the payment 

Party B shall pay Alcatel-Lucent Shanghai Bell Co., Ltd. (the shareholder wholly owning Party A) the consideration of the copyright assignment included
in the ViSS business transfer prices, and shall not make any payment to Party B. 
 Article 4 Liability for breach 

In case that either party breaches this Contract leading to any losses to the other, the non-breaching party may request the breaching party to assume
liabilities for its breach. 
 Article 5 Party A warrants that the assignment hereunder will cause no infringement of any third party’s
lawful rights and interests. 
 Article 6 This Contract shall become effective after being signed and sealed by both parties, and neither party
shall have the right to amend or modify the provisions herein unless by mutual consent. 
  

 1 

 Article 7 Any dispute arising from the performance of this Contract shall be settled through friendly
consultations; if the consultations fail, it is agreed by both parties to submit the dispute to Shanghai Arbitration Commission for arbitration in accordance with the arbitration rules currently in effect. 

Article 8 This Contract shall be served in triplicates with each party holding one and one for filing. 

Party A: Alcatel Shanghai Bell Co., Ltd, (seal) 

Authorized representative: (signature) 
 Date:

 Party B: Vimicro Electronics Corporation. (seal) 

Authorized representative: (signature) 
 Date:

  

 2 

 Appendix F 

 

 Computer Software Copyright Registration Certificate 

Serial No.: Software Copyright Registration No. 081745 

Registration No. 2007SR15750 
 Name of
Software: Bell Alcatel ViSS Network video surveillance system V 2.0 
 Owner of Copyright: Alcatel Shanghai Bell Software Co. Ltd, 

The Way of Obtaining Copyright: Original Acquisition 

Scope of the Copyrights: all of the relevant rights 

First Issue Date:
July 1st, 2006 

In accordance with the stipulations of “Regulations for the Protection of Computer Software” and “the Measures for the Registration of
Computer Software Copyright”, the aforesaid items have been registered. 
 The Special Seal of Computer Software Copyright
Registration of P.R.C National Copyright Administration 
 October 12, 2007 

 

 1 

 Appendix G 

(English translation) 

Account Receivable Collection Assistance Agreement 

This Agreement is entered into in Shanghai, the People’s Republic of China on August 28, 2009 by and between the following parties: 

Alcatel-Lucent Shanghai Bell Co., Ltd. (ASB), a legal person incorporated and existing in accordance with laws of the People’s Republic of China with
registered address at 388 Ningqiao Road, Jinqiao Export Processing Zone, Pudong New Area, Shanghai, Post Code: 201206, (hereinafter “Party A”) 

And 
 Vimicro Electronics Corporation
(Vimicro), a legal person incorporated and existing in accordance with laws of the People’s Republic of China with registered address at F2, Block A1, Tianjin University Science Park, No.80 4th Street, Tianjin Economic and Technological
Development Zone, Post Code: 300457 (hereinafter “Party B”). 
 Whereas: 

1. Investors of Party A and Party B have, on August 28, 2009, entered into the “Viss Business Transfer Contract” (hereinafter the
“Master Agreement”) and the Parties agree to be bound by and perform the Master Agreement; 
 2. As per the Master Agreement, Party B
shall endeavor to assist Party A in collecting relevant Account Receivables (as defined below). 
 Therefore, in order to clarify the rights and
liabilities of the Parties regarding the Party B’s assistance in collection account payables for Party A in accordance with the Master Agreement, the Parties have, through sufficient consultation, entered into the following Agreement:

 1. Definitions 
 In this Agreement,
the terms below shall have the following meanings: 
 1.1 “Account Receivables”: Party A’s existent and legal rights over a third
party’s credit related to Party A’s video surveillance system, as specified in annex of this Agreement; 
 1.2 “Total Account
Receivables”: the total amount of Account Receivables as specified in annex of this Agreement up to the closing date of the Master Agreement (September 1, 2009) shall be RMB fifty six million one hundred and seventy five thousand and
thirty nine (RMB 56,175,039.00). 
 1.3 “Acceptance Certificate(s)” and relevant similar documents refer to the preliminary/final
acceptance certificate and service certificate for customer use and can be regarded as valid evidence of payment. 
 2. Rights and Obligations
of the Parties 
 2.1 Party A shall be entitled to: 

2.1.1 understand the progress of Party B’s assistance of collection of Account Receivables for Party A,; 

2.1.2 Require Party B to continue to perform the uncompleted obligations of contracts transferred by ASB to Vimicro in accordance with
provisions of the “Master Agreement”, to realize accounts receivable from the relevant sales contracts. 
  

 1 

 Appendix G 

(English translation) 
  

 2.2 Party A shall acknowledge and agree that : 

2.2.1 Undertake that it is the sole legal creditor of the Account Receivables specified in the annex hereof; 

2.2.2 Provide Party B with updated progress of the collection of Account Receivables on a timely and actual basis, including the amount of
Account Receivables received; 
 2.2.3 notify Party B in time in the event that it has reached any agreement with relevant
debtors on the change of Account Receivables, including but not limited to waiver, decrease, delay or advance payment thereof. 
 2.3 Party B
shall be entitled to: 
 2.3.1 obtain the list of Account Receivables provided by Party A; 

2.3.2 obtain the collection progress report on Account Receivables provided by Party A; 

2.3.3 receive reward for its collection assistance. 

2.4 Party B shall be liable to: 
 continue to
perform the project and acceptance thereof, and provide with customer used preliminary/final acceptance certificate and service certificate which can be used as valid evidence of payment by customer; provide maintenance and service support for
products, and ensure its engineering and service quality does not affect ASB’s collection of Account Receivable: 
 2.4.1
Party B shall assist Party A in collecting the Account Receivables, including but not limited to communicate and negotiate with the debtors, and provide, if necessary, provide relevant information of the debtors to Party A. 

2.4.2 Party B must indicate to the debtor its status of assisting Party A to collect payment when collecting any Account Receivable in
accordance with this Agreement, and must notify the debtor to pay the account payable to the account designated by Party A; 

2.4.3 Party B shall not, without prior written consent of Party A, negotiate with the debtor on change of the payment terms of Account
Receivables when collecting the Account Receivables for Party A, and shall never accept any such suggestions from the debtor; 

2.4.4 If the debtor is also in debt or in credit with Party B, Party B shall not make any settlement through consultation with such debtor
that may influence Party A’s interests. Party B undertakes that in such a case, it will not change the debt payment terms agreed between Party A and the debtor; 

2.4.5 Party B shall not, without prior written consent of Party A, delegate any third party to perform its obligations under this
Agreement; 
 2.4.6 Party B shall guarantee that its act and process of assisting Party A to collect Account Receivables
completely comply with relevant regulations of Chinese laws, this Agreement and Party A’s commission. 
  

 2 

 Appendix G 

(English translation) 
  

 3. Reward and Payment of Assistance of Collection 

3.1 With regards to the assistance provided by Vimicro hereunder, ASB shall pay reward to Vimicro based on the proportion of amount actually collected by
ASB in total amount of Account Receivables. The reward for Y06/07 shall be ten percent (10%) of the Account Receivables, and five percent (5%) for Y08/09. 

3.2 At the end of each quarter, the Parties shall verify and determine the amount of Account Receivables actually collected and amount of reward payable
for such quarter pursuant to the above-mentioned method; upon confirmation in writing by both Parties, the reward will be paid to Party B through bank transfer within twenty (20) working days upon Party A’s receipt of invoice issued by
Party B. 
 3.3 Party B shall solely bear all relevant taxes for the reward above. 

4. Termination 
 Neither Party may terminate
this Agreement without written consent of the other Party. 
 5. Confidentiality 

5.1 The Parties shall maintain the confidentiality of the business secret of the other Party received hereunder and any other information thus requested
by the other Party. Neither Party may, without written consent of the other Party, disclose such secret or information to any third party unrelated to this Agreement or use the same for its own interest. For the purpose of this Article (5.1), the
Parties agree that any and all information provided by one party to the other under this Agreement (except those as explicitly expressed by the provider to be non-confidential) shall be considered as confidential. 

5.2 The confidentiality obligation stipulated in this Article (5) shall survive expiration or termination of this Agreement for a period of five
(5) years. 
 6. Applicable Law and Settlement of Disputes 

6.1 This Agreement shall be governed by laws of the People’s Republic of China. Any dispute in connection with this Agreement shall be settled by the
Parties through friendly consultation; in the event such dispute cannot be solved, each party may submit it to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its rules. The arbitration award
shall be final and binding upon both Parties. 
 6.2 During the arbitration for any dispute, the Parties shall continue to perform parts other
than those covered in the arbitration. 
 7. Effectiveness 

This Agreement shall become effective as of the date when it is signed and sealed by authorized representatives of the Parties, and will remain effective
until all Account Receivables specified in the annex have all been collected with Party B’s assistance or Party A’s termination of this Agreement in accordance with Article 4 hereof. This Agreement shall be served in duplicates, with one
copy held by each party with the same legal effect. 
  

 3 

 Appendix G 

(English translation) 
  

 8. Miscellaneous 

8.1 Any modification, supplement or addition to this Agreement shall be made in writing, and signed by duly authorized representatives of the Parties to
form an integral part of this Agreement, with the same legal effect binding upon both Parties; unless otherwise required by the context, the above-mentioned modification, supplement or addition of articles shall supersede or modify relevant terms
and conditions hereof. 
 8.2 Annexes hereof shall be an integral part of this Agreement with the same legal effect. In case of any
inconsistency between terms and conditions of the Agreement and the annex, terms and conditions of the Agreement shall prevail. 
 8.3 Any
notice or written correspondence sent by one party to the other under this Agreement, including but not limited to any document or notice under this Agreement, shall be delivered to the other party in time by registered mail or express courier,
which may be made in either Chinese or English. 
 Said document or notice shall be deemed to be duly received in: 

 

	–	seven (7) days if by registered mail; 

  

	–	three (3) days if by express courier service. 

Party A: Alcatel-Lucent Shanghai Bell. Co., Ltd. 

Address: 388 Ningqiao Road, Jinqiao Export Processing Zone, Pudong New District, Shanghai 

Postal Code: 201206 
 Tel.: 18918311118

 Contact: Cheng andong 
 Party B:
Vimicro Electronics Corporation 
 Address: F2, Block A1, Tianjin University Science Park, No.80 4th Street, Tianjin Economic and Technological
Development Zone 
 Postal Code: 300457 

Tel.: 
 Contact: 

 

			
	Party A: Alcatel-Lucent Shanghai Bell. Co., Ltd.	 	Party B: Vimicro Electronics Corporation
		
	(Seal)	 	(Seal)
		
	Authorized representative:	 	Authorized representative:

  

 4 

 Appendix G 

VISS AR breakdown Agu.21 2009 (KE) 
  

													
	 Year
	  	AR+TPF(KE)	  	Total RMB
	  	Not due	  	Overdue	  	Total	  
					
	 Y06
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
					
	 Y07
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
					
	 Y08
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
					
	 Y09
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
					
	 Total
	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	 	56175039

  

	*	This portion of Appendix G of Exhibit 4.23 has been omitted and filed with the Securities and Exchange Commission, pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934. 

  

 1 

 Appendix G 

Sum of AR Balance(KE)(1000 Euros) 

																																		
	 	  	 	  	 	  	 	  	Fcst.
Total	  	Not
overdue
Total	  	Over due	  	Over
due

Total	  	Grand
Total
	 Contract
Number
	  	 Contract
Name
	  	Year	  	 Milestone
(Payment)
	  	  	  	‘0-1 months	  	12-24 months	  	1-3 months	  	3-6 months	  	6-12 months	  	  
	 AH070166N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 AH080261T-0000
	  	[****]*	  	2008	  	prepaid	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 AH080304T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 AH080304T-0000
	  	[****]*	  	2008	  	prepaid	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 AH090010T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 AH090025T-0000
	  	[****]*	  	2009	  	prepaid	  			  			  			  			  			  	¥	[****]*	  			  	¥	[****]*	  	¥	[****]*
													
	 AH090048T-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 AH090087T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 AH090133T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 AH090133T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 BJ070065N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080186N-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080186N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080295N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080301N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080323N-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080323N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080333N-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ080333N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ090220U-0000
	  	[****]*	  	2009	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ090220U-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ090220U-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 CN060014N-0000
	  	[****]*	  	2006	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 CN060014N-0000
	  	[****]*	  	2006	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 CN060014N-0000
	  	[****]*	  	2006	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 CN070001N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 CN070007N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 CN070056N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 CN070057N-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 CN070059N-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 CN070059N-0000
	  	[****]*	  	2007	  	Preliminary Test	  			  			  			  	¥	[****]*	  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 CN080047N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 CT080066T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 EB080141T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 EB080141T-0000
	  	[****]*	  	2008	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ070098T-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ070108N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ070132N-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ070137N-0000
	  	[****]*	  	2007	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ070137N-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080013N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080018N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080020N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080042N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080051N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080076N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080076N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080085N-0010
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080085N-0020
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080090N-0000
	  	[****]*	  	2008	  	Warranty	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080098N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080098N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080098N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ090022U-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ090022U-0000
	  	[****]*	  	2009	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ090022U-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ090022U-0000
	  	[****]*	  	2009	  	prepaid	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ090024T-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 FJ090024T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GD070111T-0000
	  	[****]*	  	2007	  	Delivery	  			  			  			  	¥	[****]*	  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 GD070303N-0000
	  	[****]*	  	2007	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GD070303N-0000
	  	[****]*	  	2007	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GD070303N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GD080004T-0000
	  	[****]*	  	2008	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GD080253T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GD080253T-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  			  	¥	[****]*	  			  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 GD080310T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GD080319T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GD080329T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GD090035T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GD090076T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS060078N-0000
	  	[****]*	  	2006	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS070025T-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS070084T-0000
	  	[****]*	  	2007	  	Delivery	  			  			  			  	¥	[****]*	  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 GS070084T-0000
	  	[****]*	  	2007	  	Delay	  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 GS070109T-0000
	  	[****]*	  	2007	  	Delay	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS070133T-0000
	  	[****]*	  	2007	  	Delivery	  			  			  			  	¥	[****]*	  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 GS070133T-0000
	  	[****]*	  	2007	  	Delay	  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 GS080033T-0000
	  	[****]*	  	2008	  	Delay	  			  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*
													
	 GS080048T-0000
	  	[****]*	  	2008	  	Delay	  			  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*
													
	 GS080048T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080048T-0000
	  	[****]*	  	2008	  	Delay	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080054T-0000
	  	[****]*	  	2008	  	Delay	  			  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*
													
	 GS080054T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080054T-0000
	  	[****]*	  	2008	  	Delay	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080061T-0000
	  	[****]*	  	2008	  	Delay	  			  			  	¥	[****]*	  			  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 GS080061T-0000
	  	[****]*	  	2008	  	Delay	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080073T-0000
	  	[****]*	  	2008	  	Delay	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080073T-0000
	  	[****]*	  	2008	  	Delay	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080130T-0000
	  	[****]*	  	2008	  	Delay	  			  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*
													
	 GS080134T-0000
	  	[****]*	  	2008	  	Delay	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080149T-0000
	  	[****]*	  	2008	  	Delay	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080149T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080150T-0000
	  	[****]*	  	2008	  	Delivery	  			  			  			  			  			  	¥	[****]*	  			  	¥	[****]*	  	¥	[****]*
													
	 GS080150T-0000
	  	[****]*	  	2008	  	Delay	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080150T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080170T-0000
	  	[****]*	  	2008	  	Delay	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080170T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080171T-0000
	  	[****]*	  	2008	  	Delay	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS080171T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090019T-0000
	  	[****]*	  	2009	  	Delay	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090019T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090019T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS090040T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090040T-0000
	  	[****]*	  	2009	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090046T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090046T-0000
	  	[****]*	  	2009	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090078T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090078T-0000
	  	[****]*	  	2009	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090081T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GS090081T-0000
	  	[****]*	  	2009	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GZ070130T-0000
	  	[****]*	  	2007	  	Preliminary Test	  			  			  			  	¥	[****]*	  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 GZ080207T-0000
	  	[****]*	  	2008	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 HB070113T-0000
	  	[****]*	  	2007	  	prepaid	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 HB080042T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 HB080042T-0000
	  	[****]*	  	2008	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 HB080114T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 HB080127T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 HB080130T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 HB080130T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 HB090044T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 HB090044T-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 HI090014U-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 HI090014U-0000
	  	[****]*	  	2009	  	Last installment	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 HN080019N-0000
	  	[****]*	  	2008	  	Final confirm	  			  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*
													
	 HN080019N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 HN080051N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 JS070411T-0000
	  	[****]*	  	2007	  	Final confirm	  			  			  	¥	[****]*	  			  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 JS070425T-0000
	  	[****]*	  	2007	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 JS080063T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 JS080066T-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 JX080012N-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 JX080012N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 JX080012N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 JX080012N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*

  

 1 

 Appendix G 

 

																																		
	 	  	 	  	 	  	 	  	Fcst.
Total	  	Not
overdue
Total	  	Over due	  	Over
due

Total	  	Grand
Total
	 Contract
Number
	  	 Contract
Name
	  	Year	  	 Milestone
(Payment)
	  	  	  	‘0-1 months	  	12-24 months	  	1-3 months	  	3-6 months	  	6-12 months	  	  
	 JX090009U-0000
	  	[****]*	  	2009	  	Delivery	  			  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*
													
	 JX090009U-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 JX090009U-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 LN080163N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 LN080163N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 LN080163N-0000
	  	[****]*	  	2008	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080071N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 NM080071N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080084N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080084N-0000
	  	[****]*	  	2008	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080084N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080115N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080115N-0000
	  	[****]*	  	2008	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080115N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NM080147N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 NM080147N-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  			  			  			  			  	¥	[****]*	  			  	¥	[****]*	  	¥	[****]*
													
	 NM080147N-0000
	  	[****]*	  	2008	  	Delivery	  			  			  			  			  			  	¥	[****]*	  			  	¥	[****]*	  	¥	[****]*
													
	 NM090042U-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 NM090042U-0000
	  	[****]*	  	2009	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 NX090062T-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 NX090062T-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 SC070107T-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 SC070110T-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 SC070198T-0000
	  	[****]*	  	2007	  	Preliminary Test	  			  			  			  			  			  	¥	[****]*	  			  	¥	[****]*	  	¥	[****]*
													
	 SC090065T-0000
	  	[****]*	  	2009	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 SD070118N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SD080123N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 SD080163N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SD080163N-0000
	  	[****]*	  	2008	  	Final confirm	  			  			  			  			  			  	¥	[****]*	  			  	¥	[****]*	  	¥	[****]*
													
	 SD080163N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SD080200N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SD080200N-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 SH080143M-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SH080143M-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 SH080258M-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SN080023N-0000
	  	[****]*	  	2008	  	Delay	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX070057N-0000
	  	[****]*	  	2007	  	Delivery	  			  			  			  			  	¥	[****]*	  			  			  	¥	[****]*	  	¥	[****]*
													
	 SX070070N-0000
	  	[****]*	  	2007	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX070070N-0000
	  	[****]*	  	2007	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX070070N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX070115N-0000
	  	[****]*	  	2007	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX070123N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX080028N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX080033N-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  			  			  			  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 SX080033N-0000
	  	[****]*	  	2008	  	Final confirm	  			  			  	¥	[****]*	  			  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 SX080202N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 TJ080145M-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 TJ080145M-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 TJ080194M-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 TJ080194M-0000
	  	[****]*	  	2008	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 TJ090019M-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 TJ090019M-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 XJ070026N-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 XJ070026N-0000
	  	[****]*	  	2007	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 XJ080100N-0000
	  	[****]*	  	2008	  	Last installment	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 XJ080100N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 XJ080100N-0000
	  	[****]*	  	2008	  	prepaid	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 XJ080100N-0000
	  	[****]*	  	2008	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 XZ070029N-0000
	  	[****]*	  	2007	  	Final confirm	  			  			  			  			  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 XZ070075T-0000
	  	[****]*	  	2007	  	Delivery	  			  			  			  	¥	[****]*	  			  			  			  	¥	[****]*	  	¥	[****]*
													
	 XZ070075T-0000
	  	[****]*	  	2007	  	Last installment	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 ZJ070101M-0010
	  	[****]*	  	2007	  	Delivery	  			  			  			  			  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 AH080261T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 CN080030N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 FJ080076N-0000
	  	[****]*	  	2008	  	Preliminary Test	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS060078N-0000
	  	[****]*	  	2006	  	Final confirm	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080061T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080073T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 GS080130T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 HB080114T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 JX080012N-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SC080129T-0000
	  	[****]*	  	2008	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 SX070123N-0000
	  	[****]*	  	2007	  	Delivery	  	¥	[****]*	  			  			  			  			  			  			  			  	¥	[****]*
													
	 AH080191T-0000
	  	[****]*	  	2008	  	Delivery	  			  			  			  			  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 FJ070098T-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 GZ070130T-0000
	  	[****]*	  	2007	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 JS070284T-0000
	  	[****]*	  	2007	  	Delivery	  			  			  			  			  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 JS070299T-0000
	  	[****]*	  	2007	  	Delivery	  			  			  			  			  			  			  	¥	[****]*	  	¥	[****]*	  	¥	[****]*
													
	 BJ090220U-0000
	  	[****]*	  	2009	  	Delivery	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ090220U-0000
	  	[****]*	  	2009	  	Preliminary Test	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
	 BJ090220U-0000
	  	[****]*	  	2009	  	Final confirm	  			  	¥	[****]*	  			  			  			  			  			  			  	¥	[****]*
													
		  		  		  		  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*	  	¥	[****]*

  

 2 

 Appendix H 

 

 Viss Namelist 

 

																							
	 	  	 	  	 	  	 work start date
	  	 ending date
	  	 	  	 	 	 	 	 	 	 	 
	 	  	 employment status
	  	job type	  	 	  	 	  	 	  	Base	 	 	package(N+1)	 	 	 	 
	 1
	  	permanent	  	R&D	  	7/29/1993	  	8/31/2009	  	16.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 2
	  	permanent	  	R&D	  	10/13/2003	  	8/31/2009	  	6	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 3
	  	permanent	  	R&D	  	7/30/1996	  	8/31/2009	  	13.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 4
	  	permanent	  	R&D	  	4/5/1999	  	8/31/2009	  	10.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 5
	  	permanent	  	R&D	  	4/5/1999	  	5/31/2009	  	10.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 6
	  	permanent	  	R&D	  	3/16/2001	  	8/31/2009	  	8.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 7
	  	permanent	  	R&D	  	7/13/2001	  	8/31/2009	  	8.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 8
	  	permanent	  	R&D	  	8/6/2001	  	8/31/2009	  	8.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 9
	  	permanent	  	R&D	  	8/16/2004	  	8/31/2009	  	5.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 10
	  	permanent	  	R&D	  	8/14/2004	  	8/31/2009	  	5.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 11
	  	permanent	  	R&D	  	4/6/2005	  	5/31/2009	  	4.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 12
	  	permanent	  	R&D	  	6/1/2006	  	8/31/2009	  	3.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 13
	  	permanent	  	R&D	  	6/1/2006	  	5/31/2009	  	3.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 14
	  	permanent	  	R&D	  	9/1/2005	  	8/31/2009	  	4.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 15
	  	permanent	  	R&D	  	4/11/2008	  	5/31/2009	  	1.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 16
	  	permanent	  	R&D	  	8/24/1998	  	8/31/2009	  	11.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 17
	  	non-permanent	  	R&D	  	12/1/2008	  	8/31/2009	  	1	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 18
	  	non-permanent	  	R&D	  	1/23/2007	  	8/31/2009	  	3	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 19
	  	non-permanent	  	R&D	  	11/4/2008	  	8/31/2009	  	1	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 20
	  	non-permanent	  	R&D	  	6/12/2007	  	8/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 21
	  	non-permanent	  	R&D	  	6/20/2007	  	8/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 22
	  	non-permanent	  	R&D	  	7/2/2007	  	8/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 23
	  	non-permanent	  	R&D	  	7/19/2007	  	8/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 24
	  	non-permanent	  	R&D	  	8/31/2007	  	8/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 25
	  	non-permanent	  	R&D	  	10/2/2007	  	8/31/2009	  	2	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 26
	  	non-permanent	  	R&D	  	7/26/2007	  	8/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 27
	  	non-permanent	  	R&D	  	9/3/2007	  	5/31/2009	  	2	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 28
	  	non-permanent	  	R&D	  	6/27/2008	  	8/31/2009	  	1.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 29
	  	non-permanent	  	R&D	  	8/8/2007	  	8/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 30
	  	non-permanent	  	R&D	  	12/9/2008	  	5/31/2009	  	0.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 31
	  	non-permanent	  	R&D	  	10/25/2007	  	5/31/2009	  	2	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 32
	  	non-permanent	  	R&D	  	12/19/2006	  	5/31/2009	  	2.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 33
	  	non-permanent	  	R&D	  	4/1/2009	  	5/31/2009	  	0.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 34
	  	non-permanent	  	R&D	  	3/23/2005	  	8/31/2009	  	4.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 35
	  	permanent	  	PSS	  	7/13/2001	  	8/31/2009	  	8.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 36
	  	permanent	  	PSS	  	12/18/2000	  	5/31/2009	  	8.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 37
	  	permanent	  	PSS	  	7/16/1999	  	8/31/2009	  	10.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 38
	  	permanent	  	PSS	  	7/14/2000	  	8/31/2009	  	9.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 39
	  	non-permanent	  	PLM	  	5/30/2005	  	5/31/2009	  	4.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 40
	  	permanent	  	PLM	  	7/14/1997	  	8/31/2009	  	12.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 41
	  	permanent	  	PLM	  	7/22/1994	  	8/31/2009	  	15.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 42
	  	permanent	  	PLM	  	7/28/1995	  	8/31/2009	  	14.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 43
	  	permanent	  	PLM	  	3/18/2005	  	5/31/2009	  	4.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 44
	  	permanent	  	PLM	  	3/25/2005	  	5/31/2009	  	4.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 45
	  	permanent	  	PLM	  	7/14/1997	  	8/31/2009	  	12.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 46
	  	permanent	  	PLM	  	4/5/1999	  	5/31/2009	  	10.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 47
	  	permanent	  	PMO	  	5/13/2005	  	5/31/2009	  	4.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 48
	  	non-permanent	  	TAC	  	8/1/2006	  	8/31/2009	  	3.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 49
	  	permanent	  	TAC	  	7/16/1998	  	8/31/2009	  	11.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
	 50
	  	permanent	  	TAC	  	7/16/1999	  	8/31/2009	  	10.5	  	¥	[****	]* 	 	¥	[****	]* 	 			
		  		  		  		  		  		  	¥	[****	]* 	 	¥	[****	]* 	 	¥	[****	]* 

 

 

																							
		  	permanent	  		  		  		  		  	¥	[****	]* 	 	¥	[****	]* 	 	¥	[****	]* 
		  	non-permanet	  		  		  		  		  	¥	[****	]* 	 	¥	[****	]* 	 	¥	[****	]* 

  

	*	This portion of Appendix H of Exhibit 4.23 has been omitted and filed with the Securities and Exchange Commission, pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934. 

  

 1 

 Appendix I 

 

															
	 Employee No.
	  	Name	 	 	Employment Status	  	Job Type	  	Title	 	 	Start Date	  	Years Employed
	 CVT069950
	  	[****	]* 	 	Non-permanent	  	PLM	  	[****	]* 	 	5/30/2005	  	3.761643836
	 CV0002416
	  	[****	]* 	 	Permanent	  	PLM	  	[****	]* 	 	7/28/1995	  	13.60821918
	 CVT885969
	  	[****	]* 	 	Outsource	  	R&D	  	[****	]* 	 	3/2/2007	  	2.005479452
	 CVT072643
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	8/31/2007	  	1.506849315
	 CV0008721
	  	[****	]* 	 	Permanent	  	PMO	  	[****	]* 	 	5/13/2005	  	3.808219178
	 CV0004791
	  	[****	]* 	 	Permanent	  	PSS	  	[****	]* 	 	7/14/2000	  	8.64109589
	 CV0003472
	  	[****	]* 	 	Permanent	  	TAC	  	[****	]* 	 	7/16/1998	  	10.63835616
	 CV0002248
	  	[****	]* 	 	Permanent	  	PLM	  	[****	]* 	 	7/22/1994	  	14.62465753
	 CV0003988
	  	[****	]* 	 	Permanent	  	PLM	  	[****	]* 	 	4/5/1999	  	9.917808219
	 CV0008584
	  	[****	]* 	 	Permanent	  	PLM	  	[****	]* 	 	3/18/2005	  	3.961643836
	 CV0008495
	  	[****	]* 	 	Permanent	  	PLM	  	[****	]* 	 	3/25/2005	  	3.942465753
	 CV0002973
	  	[****	]* 	 	Permanent	  	PLM	  	[****	]* 	 	7/14/1997	  	11.64383562
	 CVT101584
	  	[****	]* 	 	Intern	  	R&D	  	[****	]* 	 	#N/A	  	#N/A
	 CV0007272
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	10/13/2003	  	5.391780822
	 CV0005107
	  	[****	]* 	 	Permanent	  	PSS	  	[****	]* 	 	12/18/2000	  	8.210958904
	 CV0004133
	  	[****	]* 	 	Permanent	  	PSS	  	[****	]* 	 	7/16/1999	  	9.638356164
	 CV0006211
	  	[****	]* 	 	Permanent	  	PSS	  	[****	]* 	 	7/13/2001	  	7.643835616
	 CV0002967
	  	[****	]* 	 	Permanent	  	PLM	  	[****	]* 	 	7/14/1997	  	11.64383562
	 CV0011393
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	4/11/2008	  	0.893150685
	 CVT071877
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	1/23/2007	  	2.109589041
	 CVT101367
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	11/4/2008	  	0.326027397
	 CVT072239
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	6/22/2007	  	1.698630137
	 CVT072240
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	6/22/2007	  	1.698630137
	 CVT072337
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	7/19/2007	  	1.624657534
	 CVT101403
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	12/9/2008	  	0.230136986
	 CVT885596
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	10/25/2007	  	1.356164384
	 CVT885849
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	12/19/2006	  	2.205479452
	 CVT885810
	  	[****	]* 	 	Outsource	  	R&D	  	[****	]* 	 	12/11/2006	  	2.22739726
	 CVT100689
	  	[****	]* 	 	Outsource	  	R&D	  	[****	]* 	 	5/15/2008	  	0.8
	 CVT101112
	  	[****	]* 	 	Outsource	  	R&D	  	[****	]* 	 	8/25/2008	  	0.520547945
	 CVT101448
	  	[****	]* 	 	Outsource	  	R&D	  	[****	]* 	 	11/27/2008	  	0.263013699
	 CVT800174
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	3/23/2005	  	3.947945205
	 CV0005310
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	3/16/2001	  	7.969863014
	 CV0010663
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	7/1/2007	  	1.673972603
	 CVT801022
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	9/3/2007	  	1.498630137
	 CV0003986
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	4/5/1999	  	9.917808219
	 CV0006236
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	7/13/2001	  	7.643835616
	 CV0008198
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	8/14/2004	  	4.553424658
	 CVT800346
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	10/2/2007	  	1.419178082
	 CV0008185
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	8/16/2004	  	4.547945205
	 CV0002817
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	7/30/1996	  	12.6
	 CV0009810
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	6/1/2006	  	2.756164384
	 CVT101315
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	12/1/2008	  	0.252054795
	 CVT072237
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	6/12/2007	  	1.726027397
	 CVT072238
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	6/20/2007	  	1.704109589
	 CVT072334
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	7/2/2007	  	1.671232877
	 CVT800359
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	7/26/2007	  	1.605479452
	 CVT100790
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	6/27/2008	  	0.682191781
	 CVT885205
	  	[****	]* 	 	Non-permanent	  	R&D	  	[****	]* 	 	8/8/2007	  	1.569863014
	 CVT885848
	  	[****	]* 	 	Outsource	  	R&D	  	[****	]* 	 	12/18/2006	  	2.208219178
	 CVT100941
	  	[****	]* 	 	Outsource	  	R&D	  	[****	]* 	 	7/17/2008	  	0.62739726
	 CV0009824
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	6/1/2006	  	2.756164384
	 JZ0000086
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	8/24/1998	  	10.53150685
	 CVT071152
	  	[****	]* 	 	Non-permanent	  	TAC	  	[****	]* 	 	8/1/2006	  	2.589041096
	 CVT101215
	  	[****	]* 	 	Outsource	  	TAC	  	[****	]* 	 	9/1/2008	  	0.501369863
	 CVT101527
	  	[****	]* 	 	Outsource	  	TAC	  	[****	]* 	 	12/4/2008	  	0.243835616
	 CV0004149
	  	[****	]* 	 	Permanent	  	TAC	  	[****	]* 	 	7/16/1999	  	9.638356164
	 CV0001984
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	7/29/1993	  	15.60547945
	 CV0003989
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	4/5/1999	  	9.917808219
	 CV0006662
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	8/6/2001	  	7.578082192
	 CV0008536
	  	[****	]* 	 	Permanent	  	R&D	  	[****	]* 	 	4/6/2005	  	3.909589041

  

	*	This portion of Appendix I of Exhibit 4.23 has been omitted and filed with the Securities and Exchange Commission, pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934. 

  

 1 

 Appendix J (English translation) 

Sales Agency Agreement 

Between 

Alcatel-Lucent Shanghai Bell Co., Ltd. 

And 
 Vimicro
Electronics Corporation 
 Agreement No.:             

 Exclusive information of Alcatel-Lucent 

This document contains exclusive information of Alcatel-Lucent, which shall not be used 

or disclosed without permission in accordance with stipulations hereof. 

 

 1 

 Appendix J (English translation) 

 

 Sales Agency Agreement 

This Sales Agency Agreement (hereinafter the “Agreement”) has been entered into by and between Alcatel-Lucent Shanghai Bell
Co., Ltd., a Chinese company incorporated and existing in accordance with laws of the People’s Republic of China with registered address at 388 Ningqiao Road, Jinqiao Export Processing Zone, Pudong New Area, Shanghai, China (hereinafter the
“Buyer”) and Vimicro Electronics Corporation, a Chinese company incorporated and existing in accordance with laws of the People’s Republic of China with registered address at F2, Block A1, Tianjin University Science Park, 80
4th Street, Tianjin Economic and Technological Development
Zone (hereinafter the “Seller” or “Vimicro”). The Buyer and Seller may be referred to individually as a “Party” or collectively as the “Parties”. This Contract shall become effective as of August 28,
2009 (hereinafter the “Effective Date”). 
 Whereas: the Seller agrees that operation of ViSS business by the Buyer under this
Agreement does not conflict with relevant articles in “ViSS Business Transfer Contract” stipulating that the Buyer shall not operate any business related to ViSS; 

Whereas: in order to ensure proper implementation of “ViSS Business Transfer Contract” entered into between the Parties, the Seller intends to
conduct ViSS business through the Buyer’s sales channels, and the Buyer transfer the supply of project and/or equipment and/or software of ViSS business to the Seller pursuant to back-to-back principle, so that the Seller will fully perform
liabilities and obligations committed to the customer by the Buyer in the Master Contract and in this Agreement; 
 Therefore, the Buyer’s
Master Contracts entered into with relevant customers regarding ViSS business (including project implementation and/or supply of equipment and service and/or software license) in Mainland China (excluding Hong Kong, Macau and Taiwan )shall be
subcontracted to the Seller from the Effective Date of this Agreement to December 31, 2012 pursuant to the back-to-back principle, so that the Seller shall fully perform such contracts on a timely basis. The Parties agree that the Buyer shall
purchase Products from the Seller in accordance with the following terms and conditions: 
 Chapter 1 Definitions 

Unless otherwise stipulated herein, the terms below shall have the following meanings: 

1.1 “Affiliate”: any legal entity or company affiliated to any Party hereto, including (i) any entity or company directly or indirectly
owned or controlled by one Party; (ii) any entity or company directly or indirectly owning or controlling one Party; and (iii) any entity or company jointly owning or controlling some entity with one Party, or jointly owned or controlled
by some entity together with one Party. In this Agreement, “controlling” or “owning” some entity shall mean (i) directly or indirectly holding more than 50% of outstanding stock of such an entity (par value), or holding more
than 50% of outstanding stock entitled to vote for election of directors or similar personnel; or (iii) otherwise holding the right to directly or indirectly vote for or nominate directors (or other personnel exercising similar rights).

  

 2 

 Appendix J (English translation) 

 

 1.2 “Intellectual Property Right” or “IPR”: patent, utility model, copyright,
industrial design, semi-conductor topological diagram right, trademark right and other rights related to business marks and legal business secrets protection, and other similar intellectual property rights, as well as the right to apply for the
above rights. 
 1.3 “Product(s)”: spare parts and components, modules, systems and subsystems purchased by the Buyer to be used on
Alcatel-Lucent Products. No commitment will be made in this Agreement, and the Seller shall provide Products pursuant to the order placed by the Buyer. Unless otherwise stipulated herein, all Products provided by the Seller shall be brand-new
Products satisfied with the Seller’s standards. 
 1.4 “Purchase Order” or “PO” refers to the order placed by the Buyer
for the purpose of purchasing Products from the Seller in accordance with terms and conditions hereof. The Purchase Order may be issued through EDI, WEB EDI or in other electronic commercial means as agreed by the Parties. 

1.5 “Master Contract(s)”: the contracts entered into between the Buyer and its customers regarding ViSS business (including project
implementation and/or supply of equipment and service and/or software) in Mainland China (excluding Hong Kong, Macau, and Taiwan) (hereinafter the “Territory”). In the event that the contracts signed between the Buyer and its customers
also contain other Products, where ViSS Products are only part of these contracts, the Master Contract referred to herein shall only include ViSS Products excluding non-ViSS Products. 

1.6 “Equipment Purchasing Contract” refers to the purchasing contract signed between the Buyer and the Seller pursuant to back-to-back
principle after the Buyer signs the Master Contract with its customer. The Purchasing Contract only contains Products and equipment related to ViSS, excluding non-ViSS Products and maintenance service after final acceptance of ViSS-related
equipment. 
 Chapter 2 Scope and Term 

2.1 Term 
 Term of this Agreement shall commence
from the Effective Date and end on December 31, 2012, divided into three stages: 
 First stage: from Effective Date to December 31,
2010; 
 Second stage: from January 1, 2011 to December 31, 2011; 

Third stage: from January 1, 2012 to December 31, 2012; 

Upon expiration of this Agreement, the Parties may renew the Sales Agency Agreement, which however shall not be part of ViSS business transfer.

 2.2 Buyer’s Obligations 
 2.2.1
The Buyer shall endeavor to catch all business opportunities to communicate and consult with the customers, and report relevant information to the Seller. 
  

 3 

 Appendix J (English translation) 

 

 2.2.2 The Buyer and Seller shall determine the scope of liabilities in this Agreement and business price
through consultation, and sign a formal contract with the end customer, the contents of which shall be agreed by the Seller. 
 2.2.3 The Buyer
shall determine the principal for customer’s project and the arrival place of Products. 
 2.2.4 The Buyer shall endeavor to provide
competitors’ conditions and information to the Seller. 
 2.3 Seller’s Obligations 

2.3.1 The Seller shall be responsible for the technical support, configuration and quotation, bidding and clarification of the whole project from the
preliminary stage to formal signing of the contract. The response to formal quotation and bidding document shall be replied within 48 hours upon receipt of the Buyer’s written notice, or provided within the time limit as required by the
customer, whichever is shorter. Necessary time shall be left to the Buyer for review and examination. All expenses and costs arising therefrom shall be solely undertaken by the Seller. 

2.3.2 The Seller shall be responsible for all the equipment and manpower necessary for works (including but not limited to testing/trial commercial
operation, technical specification discussion, and networked test) related to ViSS business as required by the customer or suggested by the Buyer based on market conditions. All expenses and costs arising therefrom shall be solely undertaken by the
Seller. 
 2.3.3 The Seller undertakes to perform the project in accordance with this Agreement, including any articles contained in the Master
Contract to the extent applicable to the project and all instructions given by the Buyer or the customer or its representative during performance of this Agreement. 

If the project includes equipment installation, the Seller shall be responsible to transport the equipment stipulated by this Agreement to the site or
each site of project implementation (hereinafter the “project site”) at its own expense. 
 2.3.4 The Seller undertakes that once the
“Equipment Purchasing Contract” is signed, it will be responsible for project service and maintenance as stipulated in the Master Contract, and undertake all risks and compensations arising from performance of the contract. The Seller may
not cease service for any reason other than suspension or termination of the Master Contract, and meanwhile shall assist the Buyer to collect relevant payment. 

2.3.5 The Seller undertakes that it will accept and carry out any change order or alteration issued by the Buyer or the customer pursuant to conditions
of the Master Contract, including but not limited to relevant project adjustment issued by the customer. 
 2.3.6 The Seller shall always notify
in writing to the Buyer any communication material received from the customer. 
 2.3.7 The Seller shall solely undertake all obligations of
project, maintenance, and warranty as stipulated in the Master Contract, including supplying of any document related to the project. The maintenance service contract after final acceptance shall be signed by Vimicro with the end user, and the Buyer
will assist the Seller to enter into the maintenance service contract with the user. 
  

 4 

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 2.3.8 The Seller shall ensure and be responsible to make the project ready for acceptance by the Buyer
and the customer; therefore the Seller shall adopt any necessary measures to comply with the time schedule. 
 2.3.9 The Seller shall not damage
the work made by the Buyer, customer, or any other contractor or supplier, otherwise it shall undertake all relevant liabilities for such damages. 

2.3.10 The Seller shall prepare all goods, equipment, and other tools necessary for project implementation, maintenance and warranty service, which shall
be completed by qualified personnel. 
 2.3.11 The Seller shall designate one (1) of its staff as the project principal, who shall have
sufficient communication instruments to ensure that it can be communicated by the Buyer 24 hours a day. 
 2.3.12 The Seller shall maintain the
project site in good order, and promote its staff to comply with the project site rules and applicable safety and health regulations. 
 The
Seller shall submit the report on project implementation and any difficulty suffered to the Buyer on a monthly basis. 
 2.3.13 The Seller
acknowledges that it has fully understood the Buyer’s business ethics, and undertakes that it will comply with the principles related to performance of this Agreement, particularly in nondiscrimination of employees, never bribing civil servants
domestic and abroad, and protecting of human rights worldwide and protecting environment. The Seller acknowledges that the violation of above principles will be considered as breach of this Agreement. 

2.3.14 The Seller undertakes that in the event that the Buyer purchases subsequent equipment, the quotation of the same type of software/hardware
(service) shall not be higher than the transaction price in the prior contract between the Buyer and the customer, and the discount rate of single item shall not be lower than that in the prior contract between the Buyer and the customer – only
more preferential conditions are allowable. 
 2.3.15 When the Buyer takes charge of the sale of the Seller’s Products, in the same
project, the Seller shall not authorize its ViSS Products to any third party as a sales agent, and the Seller acknowledges that the violation of above principle will be deemed as breach of this Agreement. 

Chapter 3 Support and Cooperation in Market, Technology, and Bidding 

3.1 The Parties agree to exchange ViSS market conditions, to plan pre-sale support work and stock quantity for the Seller on a regular time. 

3.2 The Buyer will provide market opportunities, and the Seller will be responsible to complete the whole process from obtaining market opportunities to
the execution of contract including the communication, bidding and subsequent project implementation. The Buyer will also assist the Seller to induct the user on the aspects of techniques and commerce. 

3.3 The Buyer shall be responsible for signing of the contract, the content of which shall be provided by the Buyer, while relevant appendices of which
(including configuration and quotation, project service, and network access certificate etc.) will be provided by the Seller. 
  

 5 

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 3.4 The Buyer shall be responsible for collection of payment, provided that the Seller strictly performs
the contract. During the process of collection, the Seller shall endeavor to satisfy any extra reasonable requirements proposed by the user. 

3.5 The Buyer shall notify the Seller of any market opportunity of ViSS Products, and the Seller shall arrange relevant pre-sale and bidding support
resources. 
 3.6 In the formal or large bidding project, the Seller shall designate specific person responsible for the bidding activity,
organize the bidding team and arrange the work division, and ensure that sufficient resources are available to support such projects. The bidding principal shall keep its cell phone on 24 hours per day to ensure he/she can be reached at any time by
the Buyer. 
 3.7 The Parties will arrange meetings to discuss commercial and technical risks of each project, to decide “go or not to
go” of the projects, and keep the meeting minutes, which shall be confirmed as fast as possible through mail or in other written ways. Such confirmation shall have the legal force, which can be used as proof that the Seller has recognized all
technical and commercial documents provided by the Buyer to the customer, and will perform the obligations under this contract. 
 3.8 Any other
work related to ViSS Products beyond above-mentioned shall be completed under the leadership of the Seller. 
 3.9 If the customer requests to
provide the conditions of ViSS equipment for any overseas project (areas other than Mainland China), the Parties shall conduct a consultation based on specific project conditions. 

Chapter 4 After-sale Support Service 

4.1 Purchasing and Delivery 
 4.1.1 In case the
formal contract has not been made, the Buyer will not undertake to issue any order to the Seller. In case the customer’s commitment can be confirmed in written, the Seller may start to prepare the stock and delivery at its own discretion.

 4.1.2 Upon the customer’s request of any specific brand or model of equipment or purchasing channel of any third party in the Contract,
the Seller is required to accept the Buyer’s commitment to the customer on the basis of back-to-back principle. 
 4.2 Project Management

 4.2.1 The Seller shall be responsible for project management and implementation, and the Buyer shall assist the Seller with communication and
coordination with the customer for reaching milestones of projects such as Products arrival, delivery, preliminary acceptance, final acceptance and maintenance; 

4.2.2 For the invoicing and payment collection of each major milestone of the project, the written document confirmed by both the customer and the Buyer
shall be regarded as the prerequisite and reference for invoicing and payment of the Seller, and the Buyer shall notify the Seller in time in written; 

4.2.3 During implementation of the project, in case the customer has any dispute with the Buyer with regard to change of project scope or plan as
stipulated in the contract, the Buyer will take the final written confirmation by the customer as the condition of subcontract with the Seller. 
  

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 4.3 After-sale Implementation of Technical Plan 

4.3.1 The Buyer will not manage or control the after-sale technology, which shall be fully responsible by the Seller, including but not limited to on-site
project implementation, trouble shooting, and daily maintenance etc. 
 4.4 All obligations such as project, maintenance and repair service
stipulated in the Master Contract, including the customer’s requirement of providing any document related to the project, shall be fully responsible by the Seller. 

4.5 The Seller shall designate PM of each project and notify such designation to the Buyer, and submit the weekly working report and failure report to
the Buyer in time. 
 4.6 Once the Equipment Purchasing Contract is signed, in no case the Seller shall terminate the project service. Any key
problem shall be notified to the Buyer in writing three weeks in advance. 
 Chapter 5 Price, Discount and Tax 

5.1 Price and Discount 
 In the first stage from
the Effective Date hereof to December 31, 2010, the Buyer shall sign the “Equipment Purchasing Contract” with the Seller at eighty eight percent (88%] of the prices of relevant ViSS Products in the Master Contract; 

In the second stage from January 1, 2011 to December 31, 2011, the Buyer shall sign the “Equipment Purchasing Contract” with the
Seller at eighty five percent (85%] of the prices of relevant ViSS Products in the Master Contract; 
 In the third stage from January 1,
2012 to December 31, 2012, the Buyer shall sign the “Equipment Purchasing Contract” with the Seller at eighty percent (80%] of the prices of relevant ViSS Products in the Master Contract; 

The discount rate shall be determined once for all, which will not be adjusted pursuant to different stages of performance or different time of payment.

 The Seller shall be entitled to collect from the Buyer the payment receivable by the Seller pursuant to the “Equipment Purchasing
Contract” after the Buyer collects the payment of relevant ViSS Products in the Master Contract from the customer. After collecting such payment, the Buyer shall be entitled to pay deserved remuneration as per certain proportion, calculated as
follows: 
 Remuneration deserved by the Buyer = Payment of relevant ViSS Products in the Master Contract * (1-[    %])

 All issues such as project implementation and/or supply of equipment and service and/or software license in the Master Contract related to
ViSS business signed between the Buyer and the customer which has been recognized by the Seller, and relevant liabilities and obligations thereof shall be transferred to the Seller on the basis of back-to-back principle, and the Seller shall fully
perform the contract in time. 
  

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 5.2 In the event that the Master Contract contains ViSS Products and non-ViSS Products, the Parties
shall confirm the sales amount of ViSS Products through consultation when the Master Contract is executed. 
 5.3 Extra Market Expense

 Any special market expense arising from obtaining some important or strategic market opportunities shall be notified in time to the Seller who
will decide at its own discretion whether such expense may be incurred. Once the project and such expense have been agreed by the Seller, it shall be confirmed in writing with legal effect. The Seller will decide the specific operation of expense.
Such expense shall not include the remuneration deserved by the Buyer. In case of any default by the Seller, it shall compensate the Buyer for such market expense incurred in the project and other losses. 

Chapter 6 Payment 
 6.1 To process the
invoice and payment, the currency shall be RMB. 
 6.2 The payment of the Equipment Purchasing Contract shall be subject to payment terms and
conditions of the Master Contract. 
 Within sixty (60) days after receipt of each payment paid by the customer (“Customer
Payment”) in accordance with payment conditions of the Master Contract, the Buyer shall pay the Seller an amount corresponding to such Customer Payment based on the same proportion for each payment: 

The remuneration receivable by the Buyer shall be paid simultaneously upon each time of payment made by the customer, until it’s fully paid;

 6.3 Training 
 – Within thirty
(30) days upon receipt of the monthly invoice signed by the customer or its representative together with support document certifying that training within relevant month has been completed, ninety percent (90%) of the subcontracted training
fees shall be paid; 
 – Ten percent (10%) of the subcontracted training fees shall be paid upon submission of the invoice together
with support document signed by the customer or its representative certifying the whole training plan has been fully completed. 
 Chapter 7
Transportation and Delivery 
 Pursuant to this Agreement, the Seller shall deliver the Products to the designated place on a timely basis in
accordance with requirements of the Master Contract, and shall be responsible to collect Products receipts and submit copies of Products receipts to the Buyer. 

Chapter 8 Warranty 
 The Buyer transfers
its liabilities and obligations in the Master Contract to the Seller on the basis of back-to-back principle, which shall be fully performed by the Seller in time. The Seller acknowledges that the materials and craftwork as well as maintenance of the
Products must comply with the warranty of the Master Contract. 
  

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 The Seller shall provide warranty to materials and craftwork of its Products within the warranty period
(calculated as of the completion of preliminary acceptance) as stipulated by the Master Contract, and shall acknowledge that its Products comply with the Seller’s specification. The liabilities undertaken by the Seller hereof shall include (for
the Buyer’s choice): I) repairing Products; II) replacing Products; or III) if above two ways are not applicable, refunding Buyer the payment actually paid for Products delivered back to Seller, provided that A) within the warranty period any
defect of the Product is found or the Product does not comply with relevant specification, the Buyer shall immediately notify the Seller in writing; B) the Seller finds that the defect or incompliance actually exist by inspection, which are not
caused by improper use, wrong operation, misuse, negligence, improper installation, or unauthorized repair or alteration by personnel not designated by Seller. The Buyer shall deliver back such defected Products to the Seller. In addition, the
Seller shall also compensate the Buyer for all other costs and expenses incurred, including on-site disassembly of the Buyer’s Products and re-installation. 

As to the repaired or replaced Products, the Seller shall also provide the same warranty. Such warranty period shall expire on the same date as
expiration of the initial warranty period, or shall be six (6) months after delivery of repaired or replaced Products or expire on a date as stipulated by the Master Contract, whichever is later. 

Chapter 9 Compensation for Infringement/Occupation of Intellectual Property Right 

9.1 If any third party claims against Buyer and/or Buyer’s end user (hereinafter the “insurant”) for the Products provided by the Seller
under this Agreement and the Purchase Order infringing upon its Intellectual Property Right, the Seller shall immediately: 
 9.1.1 Irrevocably
exempt all liabilities of the insurant for the use of alleged infringing Products at its own expense; and 
 In order to enable the Buyer to
continue to use the alleged infringing Products, the Seller shall: 
 (i) Make all reasonable commercial efforts to obtain the
license for the insurant to continue to use above Products without license fee; and if such license cannot be obtained, 
 (ii)
while keeping the shape, applicability and functions of the original Products, modify or replace above Products so that the third party will not claim the infringement of its Intellectual Property Right,. 

9.2 If any third party file a suit against the insurant on the court or take any similar legal procedure (including application of court injunction) on
the ground of the Products infringing upon its Intellectual Property Right by the Product, the insurant shall immediately notify the Seller. The Seller shall endeavor to defend for the insurant in the lawsuit or other legal procedures, and undertake
all relevant expenses, including the attorney fee. If the Seller fails to make defense for the insurant within thirty (30) days, the insurant may defend for itself, and the Seller shall reimburse expenses incurred in the process of defending
(including any reasonable attorney fee). 
  

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 9.3 The Seller shall settle aforesaid lawsuit or other legal procedures stipulated in Article 9.2 by
taking measures specified in Article 9.1.1 at its own expense. While defending or settling claims, the Seller shall not make any statement which may affect the insurant’s interests. If some concession of the Buyer or relevant insurant, some
market measures, some market action, some payment are needed for the reconciliation plan, the Seller shall not make any reconciliation plan without consent of the Buyer. 

9.4 If the Seller fails or partly fails the defense in the lawsuit or other legal procedures as specified in Article 9.2, the Seller shall: 

(i) Compensate the insurant for the indemnity or damages ruled by using the infringing Products; or 

(ii) Upon request of the insurant, immediately adopt measures as specified in Article 9.1.1 and stop the infringement act and undertakes
such expense; or 
 (iii) Upon request of the insurant, compensate the insurant for any loss incurred. 

9.5 Upon receipt of the Seller’s request in writing, the Buyer shall assist the Seller to defend against accusation, lawsuit or other legal
procedures as specified in Article 9.1 and 9.2 at the Seller’s expense. In addition, the Seller agrees to provide any reasonable assistance to the Buyer as the Buy defend against such claims (see Article 9.2). 

9.6 If accusation or claim of infringement is caused by unauthorized alteration or modification of the Seller’s Products (if no such alteration or
modification has been made, the Seller’s Products will not infringe upon any Intellectual Property Right), the Seller will not undertake any liability in accordance with stipulations in Article 9.1 through Article 9.5. 

If the Seller’s Product is regarded as ViSS Product developed by the Buyer as defined in the “ViSS Business Transfer Contract” before the
delivery date, and the Seller makes no alteration after the delivery date within the scope of infringement claimed by the third party, the Buyer shall undertake relevant liabilities in accordance with stipulations in Article 9.1 through Article 9.5
in case of any infringement accusation or claim. 
 9.7 The Buyer’s Affiliate and the end user may only claim for their rights and
interests as specified in Chapter 9 through the Buyer. 
 Chapter 10 Liabilities, Compensation and Insurance 

10.1 Limit of Liabilities 
 10.1.1 Except
otherwise stipulated herein, within the maximal extent applicable by law, in no case, the Seller or Buyer shall, on the basis of applicable laws (whether civil infringement act (including negligence) or other acts), be liable for any indirect,
punitive, contingent, or consequential damages in connection with this Agreement and/or the Purchase Order incurred to the other party (even if the other party has been told the possibility of such damages). 

10.1.2 The limit of liabilities specified in this article shall not apply to the following conditions: I) acts in violation of following stipulations:
disclosure and use of confidential information, use, publicity of the Buyer’s marks and commercial principles; II) liabilities that shall be undertaken by one party to the other or any third party in accordance with the following stipulations:
A) indemnity for infringement/occupation of Intellectual Property Right, B) general indemnity, C) general Failure; III) claim or indemnity related to body injury (including death) or damage to tangible assets. 

 

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 10.2 General Indemnity 

For any claim, lawsuit or other legal actions against the Buyer caused by (or related to) the following conditions, or any liability, losses, damages,
costs or expenses (including reasonable attorney fee) incurred to the Buyer, the Seller shall defend for the Buyer and provide relevant indemnity to ensure the Buyer will not suffer any loss therefrom: I) the Seller violates any stipulation,
statement or warranty in this Agreement and/or Purchase Order; or II) body injury (including death) or assets losses caused by the Seller’s act of negligence, willful act, or omission, or the Products provided by the Seller under this
Agreement. 
 Chapter 11 Miscellaneous 

11.1 Applicable Laws and Arbitration 
 11.1.1 Any
dispute arising from this Agreement and/or the Purchase Order shall be submitted to the China International Economic and Trade Arbitration Commission (CIETAC) for arbitration in accordance with its rules and procedures. Chinese shall be used in the
arbitration procedures. 
 11.1.2 The arbitration award made by the above commission shall be final and binding upon both Parties; any party
shall not request the court or other authority to change above award. The failing party shall bear the arbitration fee. Except the part under arbitration, the Parties shall continue to perform other parts of this Agreement. 

11.2 Notice 
 Any notice or request issued by
the Seller or the Buyer under this Agreement and relevant laws and regulations shall be made in writing, and delivered to the following respective address through confirmed fax, registered mail, or in similar communication methods: 

To the Buyer: 
 To (the Seller’s name):

         (Seller’s
name)             

        (Seller’s address)         

Notice to the Buyer shall be delivered to the person specified in the Purchase Order. 

The effective date of such notice shall be: I) the fax date in the report of “fax successfully sent”; II) the date on the notice of successful
sending email to above email address; III) 5 days after sending the registered mail; and IV) 2 days after sending the letter via overnight carrier; or V) the date when it reaches the above address in case of delivery in person. 

The above address may be changed from time to time by any written notice sent in a timely manner aforesaid. Within seven (7) days upon sending any
fax or email, corresponding letters shall be sent. 
  

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 11.3 Representatives of the Parties 

11.3.1 The Buyer’s technical representative shall be specified in the Purchase Order (if applicable). The Buyer’s coordinator shall be
             (name), or other personnel appointed through relevant document later by the Buyer under specific conditions. The Seller’s coordinator shall be
             (name), or other personnel as appointed through relevant document later by the Seller under specific conditions (hereinafter the “Seller’s
representative”). 
 11.3.2 The coordinators of the Buyer and the Seller will review the business on a quarterly basis. The Seller’s
coordinator will provide the Buyer’s coordinator with quarterly report (see Article 5.3), and report a buffering stock beyond average demand of two (2) months as planned. 

11.4 Right of Access 
 For the purpose of this
Agreement (including audit, examination or quality inspection) and/or the Purchase Order, any party shall be entitled to get access to the other party’s place during normal working hours, and shall comply with relevant rules and regulations,
access requirements, safety regulations, and procedures of the other party. Each party shall provide safe and appropriate facilities for such purpose. 

11.5 Assignment 
 Without the Buyer’s prior
written consent, the Seller shall not fully or partly assign this Agreement and/or Purchase Order, or rights and obligations of the Agreement or Purchase Order. 

11.6 Subcontracting 
 Notwithstanding
stipulations of “No Assignment” in Article 11.5, with the Buyer’s prior written consent (which shall not be withheld without reasonable reason), the Seller may subcontract services and other works specified in this Agreement and/or
relevant Purchase Orders to other subcontractors. 
 Chapter 12 Appendices 

The appendices below shall be an integral part of this Agreement, serving as the reference for performing this Agreement. In case of any conflict between
this Agreement and some appendix, this Agreement shall prevail. 
 Appendix A: List of Products and Prices/Discounts 

Appendix B: Quality Terms 

(Please add any other appendix and annex here.) 
  

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 This Agreement shall be served in duplicates, both of which may be regarded as originals, constituting
one and the entire agreement. 
  

			
	Alcatel-Lucent Shanghai Bell Co., Ltd. (Buyer Name)
                        
		
	Signature:                        	  	Signature:                        
	Name:
                             	  	Name:
                             
	Position:
                         	  	Position:
                         
	Date:
                               	  	Date:
                               
	
	Vimicro Electronics Corporation (Seller Name)
                        
		
	Signature:                        	  	Signature:                        
	Name:
                             	  	Name:
                             
	Position:
                         	  	Position:
                         
	Date:
                               	  	Date:
                               

 

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 Appendix A – List of Products and Prices/Discounts 

Appendix A contains the list of Products to be purchased by the Buyer (and relevant prices and discounts) in accordance with terms and conditions of this
Agreement. Appendix A shall be an integral part of this Agreement serving as the reference for performance hereof. 
  

							
	 Product /Item
	 	 ALU Part No.
	 	 Seller’s Part No.
	 	 Price/Discount

		 		 		 	

 Any specific terms and conditions related to the price shall be listed in this appendix. 

 

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 Appendix B – Quality Terms 

Appendix B – Quality Terms shall be one of terms and conditions of this Agreement serving as the reference for performance hereof. 

In case of any conflict between this appendix and this Agreement, this appendix shall prevail. 

1.0 Quality Certification 
 1.1 ISO 9000

 The Seller agrees that its quality system which applies to Products as specified in this Agreement and/or Purchase Order shall be certified by
current ISO 9000. Such certification must be made by a public recognized third-party certification authority. The Seller shall provide the Buyer with a copy of certificate signed by the third-party certification authority before signing this
Agreement or no later than twenty (20) days after signing this Agreement. If the Seller cannot achieve the quality certification up to the effective date hereof, it shall endeavor to get such quality system certification within one year as of
the effective date hereof, and provide the Buyer with the certificate within seven days upon achievement of such certification. The Seller shall also maintain its quality certification qualification through evaluation by such recognized third-party
certification authority, and provide the Buyer’s representative relevant update certificate or notice if failing to pass the supervision or failing to fully pass the certification examination. Notwithstanding other stipulation of this
Agreement, If the Seller fails to pass or keep the above certification qualification, or fails to provide the Buyer with above certificate for any reason, the Buyer shall be entitled to cancel the Purchase Order where Products have not been
delivered under this Agreement (no matter whether the end user of the Purchase Order has any requirement of ISO 9000 certification), and will not undertake any expenses or liabilities. 

1.2 TL 9000 
 Upon receipt of the Buyer’s
request, the Seller shall make all its Production and design activities related to relevant Product design, development, Production, delivery and service pass and maintain the TL 9000 certification (if applicable) by the recognized certification
authority within one year as of the effective date hereof and/or the date when the first Purchase Order is issued. TL 9000 certification type (such as TL9000-H and TL9000-H, S etc) shall be subject to the Products provided by the Seller. The Seller
shall upon the Buyer’s request, provide the Buyer with quality plan and regular examination document (including internal TL examination result report) each time after re-certification and/or supervision and examination. The Seller shall provide
the Buyer with TL 9000 certification targets on a monthly basis as per place and Product type in accordance with the Buyer’s requirements. 

2.0 Quality Requirements 
 2.1 Seller’s
Liabilities and Buyer’s Rights 
 2.1.1 The Seller shall guarantee its Products have been granted relevant quality certification and under
certain control activities and procedures, including performance measurement, testing, quality process inspection or detection etc. The quality management system shall be able to detect any current or potential material defect, trend or condition
with quality problem as early as possible and effective correction measures shall be taken. 
  

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 2.1.2 The Seller shall ensure the quality systems of its supplier and subcontractor have met
requirements of ISO 9000 quality system. Without prior notice to the Buyer, the Seller shall not designate any subcontractor to perform all or part of its obligations as stipulated herein. 

2.1.3 The Buyer shall be entitled to inspect the Seller’s plant by notifying the Seller at least two (2) days in advance, including but not limited
to quality system examination, specific Products examination and/or craftwork examination. 
 2.1.4 The Seller shall provide the Buyer with
qualification certificate and/or test results and quality records upon the Buyer’s request in writing. 
 2.1.5 Any stipulation herein
shall not reduce the Seller’s obligation to provide qualified materials and warranty, and shall not influence other stipulations of this Agreement. 

2.2 Product Label and Relevant Product Quality Requirements 

2.2.1 List of Products, specifications, and required quality: 
  

									
	 Product/Series
	 	 Specification (*)
	 	 Version
	 	 DPM Serious &

Major Defect (**)
	 	 DPM Minor

Defect (**)

	 ...
	 		 		 		 	
	 ...
	 		 		 		 	
	 ...
	 		 		 		 	

  

	(*)	The Product (series) specification shall be provided by the Buyer and agreed by the Seller. If the Buyer does not have any specification, the Seller’s
specification or Product catalog will be adopted upon the Buyer’s agreement. All specifications must be able to specify the applicable version of Product. 

 

	(**)	The Seller shall determine quality level for the Product series, indicated by the quantity of Products with defects in 1 million Products. Serious, major and minor
defect shall be defined as per ISO 2859. 

 The Seller shall build process control and inspection and testing procedures within
the schedule as specified in the “Seller’s Quality Plan” as agreed by the Parties through consultation, so as to ensure the Products would reach the quality as required (see “Key Control Parameters” in Article 2.3 below).

 In addition to the Product (series) (see table above), the following general specifications shall also apply (only applicable in the general
case, which shall be supplemented based on specific conditions): 
  

	–	General requirements for spare parts supply and inspection (document no. 1AB 00000 0022 ASZZA 

 

	–	Guideline of regular SPCN requirements of the supplier (document no. 1AA 00310 0108 ASZZA 

 

	–	craftwork standard (such as printing of circuit board component: IPC-A-610) 

 

	–	data sheet of Alcatel-Lucent Product reach the qualification standard, LMS-L4-11 

 

	–	Spare parts storage requirements for Alcatel-Lucent Products, X-21377 

  

	–	Alcatel-Lucent requirements on electrostatic discharge (“ESD”), X-21342 

 

	–	... 

  

	–	... 

  

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 Production technology abandonment or change related to time of qualification examination shall be
notified in writing to the Buyer’s global purchasing and outsourcing organization which, based on the documents submitted, shall be entitled to: A) conduct full/part qualification examination again; B) request the Seller to provide internal
qualification examination certificate; or C) approve the reported change after examination. 
 Any contradiction with above or other applicable
specifications shall be approved in writing by the vice-general manager of the Buyer’s purchasing and outsourcing organization. 
 2.3 key
Control Parameters 
 Products may only be processed in the following certified plants: 

 

			
	 Production Plant
	  	 Certification Status (CECC, ISO/TL, AQAP )

	 Seller’s plant 1
	  	...
	 Seller’s plant 2
	  	...
	 ...
	  	...

 The Seller shall carry out a new examinable
quality plan during the process of planning, project design, Production, and final inspection and testing, including: 
  

	•	 	 craftwork process and process control 

  

	•	 	 Product release procedures 

  

	•	 	 craftwork release procedures 

  

	•	 	 Final inspection and testing procedures and release standard 

 

	•	 	 Regular reliability test (performed in accordance with requirements of Alcatel-Lucent specification) 

 

	•	 	 Internal Product and craftwork examination procedures 

The Seller’s quality plan shall adopt the following standard document format: 

Applicable quality plans 
  

			
	 Product Series
	  	 Seller’s Quality Plan

	...	  	...
	...	  	...
	...	  	...

 The Seller agrees that during performance of this
Agreement, except notifying the Buyer at least 3 months in advance, the Seller will not alter the above key control parameters. 
 The Buyer
shall be entitled to request the Seller to provide Product qualification certification upon delivery of Products. 
 2.4 Packaging and
Transportation Terms 
 2.4.1 The package shall be able to sustain any possible pressure and conditions during the process of moving,
transportation, and storage, and will not cause any abrasion and damage. Before delivery at the Buyer’s place, the package shall have never been opened. 

2.4.2 In order to comply with the convention of first in first out (FIFO), date of Production shall be specified on the Product. Except as otherwise
agreed by the Parties, the Seller shall not ship Products produced one year before the planned shipping date. 
 2.4.3 For each batch of
delivered Products, the Seller shall provide the following data when the Buyer inspects such Products at Seller’s place or upon the Buyer’s request: 
  

	•	 	 Production and testing batch number, date and place 

  

	•	 	 Specifying the labeled Products or packages code 

  

	•	 	 Quality record as required by the quality plan 

 

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 2.4.4 The Seller shall keep all quality reports made for Products. The final inspection report shall be
reserved for three (3) years as of the delivery date, and the craftwork inspection report shall be reserved for one (1) year. 
 2.5
The Seller’s Performance Rating Procedures 
 2.5.1 The Buyer shall be entitled to set up one set of performance rating procedures with
performance data and locally rated supplier’s grade. 
 2.5.2 The Buyer expects the Seller’s delivery performance shall at least reach
the manufacturer rating index () as determined by the Parties through consultation. 
 2.6 Quality Requirements in Local Agreement 

In addition, the Seller shall also meet additional quality requirements as stipulated in the local agreement entered into between the Parties. 

 

 18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]