Document:

Exhibit
10.29

 

CONFIDENTIAL
TREATMENT REQUESTED BY NXP B.V.

 

(88) Nandizi
No. 011

 

Manufacturing and Export Zone Administrative
Department,

 

Ministry of Economy Nanzi Manufacturing and
Export Zone

 

Land Lease Contract

 

Philips Electronic Building Elements Industries (Taiwan) Ltd. (the “Lessee”)
hereby leases one plot of public land in Nanzi Manufacturing and Export Zone
from Manufacturing and Export Zone Administrative Department, Ministry of
Economy (the “Lessor”). The lessee and the lessor enter into the lease contract
as follows:

 

1.        Place, Area and Rent of the Leased Base

 

	
   

  	
   

  	
  Place of the Land

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Public

  facilities

  construction

  	
   

  	
  Number

  of the

  	
   

  	
   

  
	
  Number

  of the

  property

  	
   

  	
  Zone

  	
   

  	
  Section

  	
   

  	
  Subsection

  	
   

  	
  Number

  of the

  land

  	
   

  	
  Leased

  area

  (m2)

  	
   

  	
  Monthly

  rent/m2

  (Dollars)

  	
   

  	
  Rent

  payable per

  month (dollars)

  	
   

  	
  expense

  payable per

  month (dollars)

  	
   

  	
  letter

  approving

  the lease

  	
   

  	
  Remarks

  
	
  AL087

  	
   

  	
  Nanzi
  District

  	
   

  	
  Heping
  section

  	
   

  	
  The
  second subsection

  	
   

  	
  708

  	
   

  	
  1344

  	
   

  	
  11.50

  	
   

  	
  15456

  	
   

  	
  0

  	
   

  	
  Jingjiachu
  zi No. 010147 November 7, 1998

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  1344

  	
   

  	
  11.50

  	
   

  	
  15456

  	
   

  	
  0

  	
   

  	
   

  	
   

  	
   

  
																							

 

2.        The lease term is totally ten years from May 1,
1999 to April 30, 2009.

 

3.        The land leased hereunder may be only used by
approved enterprise within the zone for constructing factory buildings,
warehouses or the ground for the transportation, handling, packing, repair and
other operation of the enterprise as well as the offices of the branches
established by responsible organ of the

 

 

enterprise within the zone. In the event the enterprise within the zone
leases the base of the factory due to purchasing the standard factory buildings
within the zone, the area of the leased base shall be land area that shall be
leased as apportioned according to the area of its factory buildings.

 

4.        Within the period of the contract, if the
lessee does not continue using the whole or part of the land leased by it, it
shall apply for canceling the lease, but shall not sublease or lend the whole
or any part of land to other persons.

 

5.        The lessee shall automatically pay the treasury
agency as designated by the lessor the rent 15,456 New Taiwan Dollars as set
forth in Article 1 hereof before the fifth day of each month. If the lessee
fails to make the payment after the payment day, liquidated damages will be
additionally charged as follows:

 

5.1      If the delay is more than one month but less than
two months, 5% of the amount of the rent will be additionally charged.

 

5.2      If the delay is more than two months but less
than three months, 10% of the amount of the rent will be additionally charged.

 

5.3      If the delay is more than three months but less
than four months, 15% of the amount of the rent a will be additionally charged.

 

5.4      If the lessee fails to pay off the rent and
liquidated damages after four months from the payment day, the lessor may
recover the rent and liquidated damages and immediately terminate the contract.

 

6.        In the event the government prescribes the land
price over again according to law, the rent hereunder will be adjusted
according to the new land price from the 1st day of the month
following the proclamation of new land price.

 

8.        If the lessee leases the land for constructing
factory buildings by itself, it shall commence the construction within three
months from the execution of the contract and complete the construction
according to the plan. If the lessee fails to commence the construction within
the stipulated period or though the lessee applies for postponing the
commencement but fails to commence the construction upon expiration of the postponed
period or fails to complete the construction according to the plan, the lessor
may terminate the contract and withdraw the land, and the rent and public
facility construction expenses already paid will not be refunded. If there are
uncompleted buildings on the land, the lessor can dispose them at its
discretion or require the lessee to remove them, and the lessee shall not raise
any objection or resist.

 

9.        If the lessee must excavate roads within the
zone, water supply (drainage) pipeline or other public facilities for
constructing factory buildings or other accessory buildings, it shall apply to
the lessor for approval and pay the deposit in advance and shall restitute the
original state after the completion of the construction. If the lessee fails to
restitute the original state, the lessor may forfeit the deposit paid by the
lessee.

 

 

10.      The lessor may terminate the contract at any time
by notifying the lessee under any of the following circumstances.

 

10.1    The use of the land by the lessee breaches the
provisions of this contract.

 

10.2    Accumulated rent defaulted by the lessee reaches
the total amount of the rent for four months.

 

10.3    The contract may be terminated according to the Civil Law and Land Law.

 

11.      If the lessee needs reletting the land upon
expiration of the lease term, it shall apply for reletting in writing three
months prior to the expiration of the lease term. If the lessee does not apply
for reletting upon expiration of the foregoing three months period, it shall
return the land upon expiration of the lease term. The lessee shall transfer
its buildings on the land to other enterprises operating businesses within the
zone as approved by the administrative department within six months and shall
pay the land rent for such period according to Article 5 hereof. If the lessee
fails to conduct such treatment or fails to complete such treatment within six
months, it shall be deemed breached the contract, and the lessor may freely
dispose of all lessee’s buildings and all the equipments in such buildings on
the leased land.

 

12.      This contract is made in duplicate and will take
effect as of the date signed by the Parties. Each Party holds one copy. In the
event of any litigation arising from this contract, the competent court shall
be designated by the lessor.

 

The Parties to this Contract:

 

The Contractor (Lessee): Philips Electronic
Building Elements Industries (Taiwan) Ltd.

Representative or Legal Representative: Ze
Wenbo

Address: 10 Jingwu Road, Nanzi Manufacturing
and Export Zone, Kaohsiung City

Number of the Business License:
Jingjiachuxinzi No. 3575

 

The Contractor (Lessor): Manufacturing and
Export Zone Administrative Department,

Ministry of Economy

Legal Representative: Pan Dingbai

Address: 600 Jiachang Road, Nanzi District,
Kaohsiung City

 

May 20, 1999

 

 

Land Location and Area drawing

 

Heping section, Nanzi District, Kaohsiung
CityExhibit 10.30

 

(94)Nanerjianzi No. 035

 

Manufacturing and Export Zone Administrative Department,

 

Ministry of Economy Land Lease Contract

 

Philip
Electronic Building Elements Industries (Taiwan) Ltd (“Party B”) leases the
public land in Nanzi Manufacturing and Export Zone from Manufacturing and
Export Zone Administrative Department, Ministry of Economy (“Party A”). Party A
and Party B hereby enter into the lease contract as follows:

 

1.        Place, Rent and expenses of the Land

 

	
  Place of the land

  (Place drawing is annexed hereinafter.)

  	
   

  	
  Leased

  area

  (m2)

  	
   

  	
  Right

  scope

  of the

  lease

  	
   

  	
  Rent

  (dollar/month)

  	
   

  	
  Public

  facilities

  construction

  expense

  (dollar/month)

  	
   

  	
  Remarks

  
	
  Zone

  	
   

  	
  Section

  	
   

  	
  Sub-section

  	
   

  	
  Number

  of the

  land

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nanzi
  district

  	
   

  	
  Heping
  section

  	
   

  	
  Second

  	
   

  	
  708

  	
   

  	
  8,901

  	
   

  	
  1/16

  	
   

  	
  6,394

  	
   

  	
  0

  	
   

  	
  Approved
  for lease the land hereunder by the letter of Jingjiachu erjianzi No.
  09401033270 on September 16, 2005 with an area of 790 (m(2)). The land is the
  apportioned base area for purchasing standard factory building.

  
	
   

  	
   

  	
   

  	
   

  	
  Apportioned
  public facility land

  	
   

  	
  234

  	
   

  	
  1/1

  	
   

  	
  2,691

  	
   

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (The
  following is blank.)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Total

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  9,085

  	
   

  	
  0

  	
   

  	
   

  

 

2.        The lease term is totally ten years from
November 01, 2005 to October 31, 2015.

 

3.        The land leased hereunder will be only used
by approved enterprise operating business within the zone for constructing
offices, factory buildings, warehouses or premises. Party B shall not request
to set surface rights on the leased land.

 

4.        Within the period of the contract, if Party B
does not continue using the whole or part of the land leased by it, it shall
apply to Party A for canceling the lease, but shall not sublease or lend the
land to other persons.

 

5.        If Party B applies for leasing land for
constructing factory buildings or other buildings by itself, it shall set back
the buildings according to the relevant

 

 

provisions
of the Manufacturing and Export Zone. The greening, maintenance and management
of the setback land shall be conducted by Party B at its own expense.

 

6.        If Party B applies for leasing land for
constructing factory buildings or other buildings by itself, such construction
shall be based on the principle of constructing storied buildings and necessary
accessory buildings of the storied buildings. The building coverage and plot
ratio shall be in compliance with the relevant building laws.

 

7.        If the leased land currently is used as
public facilities, Party A will administer the land as a whole, and Party B
shall not claim that the land shall be used for building or other purpose.

 

8.        Party B shall automatically pay the treasury
agency as designated by Party A the rent and expenses totally 9,085 New Taiwan
Dollars as set forth in Article 1 hereof before the fifth day of each month. If
party B fails to make the payment after the payment day, liquidated damages
will be additionally charged as follows:

 

8.1      If the
delay is more than one month but less than two months, 5% of the total amount
of the rent and expenses will be additionally charged.

 

8.2      If the
delay is more than two months but less than three months, 10% of the total
amount of the rent and expenses will be additionally charged.

 

8.3      If the
delay is more than three months but less than four months, 15% of the total
amount of the rent and expenses will be additionally charged.

 

8.4      If Party
B fails to pay off the rent, expenses and liquidated damages after four months
from the payment day, Party A may recover the rent, expenses and liquidated
damages and immediately terminate the contract.

 

9.        Besides paying the rent monthly, Party B
shall pay the public facility construction expenses as provided for in Article
11 of Manufacturing and Export Zone Setup and
Administration Ordinance for up to twenty years for each plot. If
there are additionally increased facility construction expenses during the
lease term, Party B also shall pay such expenses according to the relevant
provisions.

 

10.      In the
event the government prescribes the land price over again, the rent hereunder
will be adjusted according to the new land price from the 1st day of the month
following the proclamation of new land price.

 

11.      If Party
B leases the land for constructing factory buildings or other buildings by
itself, it shall pay the completion deposit according to Key Points
of the Payment of Completion Deposit for leasing Land to Construct Buildings in
Manufacturing and Export Zone before commencing the construction and
shall apply for the construction license within three months from the execution
of the contract. After obtaining the license, Party B shall commence the
construction. If Party B fails to commence the construction within the
stipulated period or though Party B applies for postponing the commencement but
fails to commence the construction upon expiration of the postponed period or
fails to complete the construction according to the plan, Party A may terminate
the contract, withdraw the land and cancel the

 

 

construction
license. The rent and public facility construction expenses already paid will
not be refunded. If there are uncompleted buildings or works on the land, Party
B shall remove them and restitute the original state within three months after
Party A notified it that the contract is terminated by Party A. If Party B
fails to complete such treatment on schedule, Party A may forfeit the
completion deposit.

 

The
completion deposit will be refunded according to the progress of the project
and proportion without interest pursuant to the aforesaid Key Points
after Party B commences the construction.

 

12.      Party A
may terminate the contract by notifying Party B and withdraw the land under any
of the following circumstances during the lease term:

 

12.1    The
investment scheme of the Manufacturing and Export Zone is cancelled.

 

12.2    The
buildings owned by Party B are purchased or requisitioned for value according
to the relevant provisions of Manufacturing and Export
Zone Setup and Administration Ordinance.

 

12.3    The use of
the land by Party B breaches the provisions of this contract.

 

12.4    Party A needs
withdrawing all or part of the land for its own use.

 

12.5    The
contract may be terminated according to the Civil Law and Land Law.

 

13.      If the
contract is terminated according to the foregoing Article, Party B shall
promptly return the land and transfer its buildings on the land to other
enterprises operating businesses within the zone as approved by the
administrative department or branch department within two years. If Party B
fails to conduct such treatment or fails to complete such treatment within two
years, Party A may dispose of such buildings according to law.

 

14.      If Party
B needs reletting the land upon expiration of the lease term, it shall apply
for reletting in writing three months prior to the expiration of the lease
term. If Party B does not apply for reletting upon expiration of the foregoing
three months period, it shall immediately return the land upon expiration of
the lease term. Party B shall transfer its buildings on the land to other
enterprises operating businesses within the zone as approved by the administrative
department or branch department within six months.

 

15.      Upon
termination of this contract or if Party B does not relet the land upon
expiration of this contract, impairment money will be charged according to the
standard of land rent and expense of the Manufacturing and Export Zone for the
period during which the land is occupied by original Party B. In the event of
overdue payment, additional interest will be charged at the annual interest
rate 5% till the payment day.

 

16.      In the
event the relevant laws are amended during the period of the contract and the
provisions of this contract are affected by such amendment, the amended

 

 

provisions
shall prevail from the promulgation date of such amendment.

 

17.      The
matters not covered herein shall be handled according to the relevant decrees
enacted by the Manufacturing and Export Zone.

 

18.      During
the period of this contract, if Party B needs surveying the boundary due to the
ambiguity of the boundary of the leased land or any boundary dispute, the
relevant expenses shall be borne by Party B.

 

19.      Party B
shall exercise its care as a good administrator to prevent the contamination of
soil and ground water. In the event of any contamination, Party B shall pay the
penalty according to the relevant laws and conduct the investigation and
appraisal of the contaminated site, countermeasures and remedy. Party B shall
be solely liable for the expenses and any damage arising therefrom. In
addition, Party B shall provide the land contamination testing materials at its
own expense when it transfers the factory buildings.

 

20.      Party B
shall not endanger the public security, sanitation or construct illegal
buildings within the zone by leasing the land.

 

21.      In the
event the land leased by Party B involves the adjustment of plot ratio, if the
plot ratio exceeds the legal plot ratio, Party B shall apply for the
construction only after it handles the matters relating to feedback burden
according to the relevant provisions.

 

22.      This
contract is made in duplicate and will take effect as of the commencement date
of the lease term as set forth in Article 2 hereof after signed by the Parties.
Each Party holds one copy. In the event of any litigation arising from this
contract, the competent court shall be Kaohsiung Local Court.

 

23.      If Party
B does not apply for canceling the lease before January of each year, it shall
be deemed that the contract is renewed to the expiration date of the contract.

 

The
Parties to this Contract:

 

The
Contractor (Party B): Philips Electronic Building Elements Industries (Taiwan)
Ltd

Legal
Representative:

Address:
10 Jingwu Road, Nanzi Manufacturing and Export Zone, Kaohsiung City

 

 

The
Contractor (Party A): Manufacturing and Export Zone Administrative Department,

Ministry
of Economy

Legal
Representative: Zeng Canbao, Director

Address:
600 Jiachang Road, Nanzi district, Kaohsiung City

 

November
01, 2005

 

 

Annexed
Drawing of (94) Nanerjianzi No. 035

 

Place
of factory building land leased out

 

Right
scope: 1/16

 

Scale:
1/2000

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