Document:

Shenzhen Development Bank Co., Ltd. Agreement for RMB 5.6 million

 EXHIBIT 10.17 
 Shenzhen Development Bank Co., Ltd. 
 Contract for Comprehensive Line of Credit 
 Shenzhen Development Bank Co., Ltd. 

 Contract for Comprehensive Line of Credit 
  

					
	Contract #:	  	Shen Fa Jin Xin Zong Zi No. 20060927001-2	  	
	Party A:	  	Xinhua Subbranch, Tianjin Branch, Shenzhen Development Bank Co., Ltd.
	Add.:	  	No.166, Xinhua Road, Heping District, Tianjin
	Tel:	  	23535000            Fax:	  	
	Person in charge: Jia Chun	  	Position: President
			
	Party B:	  	Pemstar (Tianjin) Enterprise Co., Ltd.	  	
	Add.:	  	Yat-sen Scientific Industrial Park, Tianjin, China
	Tel:	  	82172083            Fax: 82110486	  	
	Legal Representative*: Roy A. Bauer	  	Position*:

 (*leave blank if Party B is an individual) 
 Whereas 
 Party B has applied to Party A for
and Party A has agreed to grant Party B a Comprehensive Line of Credit 
 Now therefore the two parties now enter into this Contract through negotiation in
accordance with relevant laws and regulation and both parties are willing to observe all provisions herein. 
 Article I Content of the Comprehensive
Credit 
 15. Amount of Comprehensive Credit: (converted into) RMB FIVE MILLION SIX HUNDRED THOUSAND ONLY (in words). 
 16. Term of Comprehensive Line of Credit shall be 12 months from
                     to                    
during which the Comprehensive Line of Credit may be used cyclically for multiple times and the method of use, the amount and time limit shall be agreed between Party A and Party B each time; however, the balance of the different use of the Line
shall not exceed the amount of the Comprehensive Credit. 
 The starting time of each business under the Line shall be within the term of the Line and
whether the closing time shall be within the term of the Line shall be stipulated in the contract of the specific business. 
 Article II Manners of
the Extension of Comprehensive Credit 
 The manners of the extension of comprehensive credit include without limitation: 

Loan (including individual consumptive loan, individual operational loan), letter of credit, import documentary credit, packaged loan, export
documentary credit, discount, acceptance, letter of guarantee, guarantee, etc. 
 The specific manner of extension of credit shall be decided
in the specific business contracts signed between the parties. 
 Article III The Use of the Comprehensive Line of Credit 
 When Party B intends to use the Comprehensive Line of Credit, he shall apply to Party A and the parties shall signed corresponding business contract after Party A has
examined and approved. 
 Article IV Manner of Guarantee for the Comprehensive Line of Credit (put “ü” in the box chosen) 
  ̈ credit, not requiring Party B to provide guarantee 
 þ the guarantee for the Comprehensive Line of Credit shall adopt manner 4 of the following: 
 1. 
 2. 
 3. 
 4.
Provide factoring service for Party B’s receivables from Motorola (China) Co., Ltd. 
 Article V Commitment Fee for the Comprehensive Line of
Credit 
 Party B shall pay Party A a Comprehensive Line of Credit commitment fee of
            ‰ monthly of the part of the Comprehensive Line of Credit that Party B has not applied for use. 
 Article VI Party A Representations and Warranties 
 Party A is legally qualified to sign and
perform this Contract and the signing and performance of this Contract has obtained full authorization from Party A’s board of directors and any other competent authorities (if authorization is required). 
 Party B warrants that the application documents he submit to Party A are authentic, legal and valid, containing no major error and without omission of
any major fact. 

 Party B warrants to give Party A notice of any change in company name, legal representative (principal),
residence, scope of business, registered capital, etc. taking place during the term hereof within 10 days after such changes take place; Party B shall immediately notify Party A of any such changes takes place at the time when Party B is applying
for a specific business under the Line. 
 Party B has fully acquainted himself with and understood the content of all the articles hereof
and the signing hereof is the true indication of intention of Party B. 
 Article VII Special Provisions on the Credit Extension to Group Customers and
Associated Transactions 
 XV. An enterprise or undertaking as legal person having any of the following attributes: 
 29. directly or indirectly control any other enterprise or undertaking as legal person or controlled by any other enterprise or undertaking as legal person in terms of
stocks rights or operation; 
 30. jointly controlled by a third enterprise or undertaking as legal person   ̈ 
 31. directly or indirectly and jointly controlled by major individual investor, key
managerial person or family members of close relation therewith (including lineal relatives within three generations and collateral relatives within two generations); 
 32. any other relation which may result in transfer of assets and profit not on the basis of publicly accepted prices shall be regarded as a group customer in the management of credit management. 
 XVI. Where any associated transaction more than 10% of the net assets takes place with a group customer of which Party B is a member, Party B shall provide Party A a
written report stating the associated relation between the parties of the transaction and item, nature, amount, proportion of pricing policy of the transaction (including transaction without amount or with only symbolic amount) within 10 days after
it takes place. 
 Article VIII 
 This Contract has been entered into under and shall be governed by the laws of the People’s Republic of China. Any disputes arising from or in connection with the performance hereof shall be settled through consultation or mediation;
if no settlement can be reached through consultation or mediation, the disputes shall be settled in manner 1 of the following: 
 1. Institute legal
proceedings in the people’s court of the place where Party A is located. 
 Article IX Effectiveness of the Contract (put “ü” in the box chosen) 
 þ As this Line of Credit is guaranteed,
this Contract shall come into effect only when the following conditions are simultaneously met: 
 15. This Contract has been signed and affixed seals by both
parties; 
 16. The related guarantee contract (containing “guarantee money” clause and “warranty of guarantee” clause) has been signed
and the necessary registration formalities have been completed. 
  

	
	Article X Other Matters Agreed between the Parties: ___________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	

 Article XI 
 This Contract is made in triplicate having equal legal effect, of which Party A holds two and Party B holds one. 
 Seal of Party A: Xinhua
Subbranch, Tianjin Branch, Shenzhen Development Bank Co., Ltd. 
 Signature of person in charge or proxy: 
 Seal of Party B: Pemstar (Tianjin) Enterprise Co., Ltd. 
 Signature of legal representative or proxy: 

 Sub-document 5(1) 
 FACTORING APPROVAL DOCUMENT 
 Agreement number:
20060927001-2         
 To: Pemstar Tianjin Enterprise Co,. Ltd 
 After audit, we agree to accept the above mentioned entity’s Accounts Receivable pledge. The below table is the agreed detailed listing of the Accounts Receivable
(AR). 
  

																							
	No.	 	Customer	  	Contract  
Number  	  	Contract  
Amount  	  	Paid    	  	Advance    	  	Discount    	  	AR Amount	  	Method of    
payment    	  	Amount  
paid
for  
AR  
pledge  	  	Contract
expiry	  	Remark
	 	 	 MOTOROLA
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 TRADING
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 CENTER
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Total
	 	 	  	 	  	 	  	 	  	 	  	 	  	$1,142,581.72	  	 	  	 	  	 	  	 

  

	 	•	 	Our bank will provide your company RMB 5,600,000.00, the commencement date as 27-Sep- 2006 and expiry date as 22-Nov- 2006. 

  

	 	•	 	Our bank will reserve all rights on liability. 

  

	 	•	 	Bank charges will be charged at RMB 18,167.05 

  

	 	•	 	For all remittance, your company has to go to Tianjin branch XinHua Sub-branch to submit the following factoring approval document. 

 Approving bank (stamp) 
 Legal Representative: 
 Date: 
 Selling party: Our company has received agreement number: 20060927001-2 (Agreement number) (Factoring Agreement) has agreed to the above statement and guarantee 20051017001 (China Banking Agreement) to
fulfill the relevant responsibilities. 
 Selling party (stamp) 
 Legal Representative: 
 DateShenzhen Development Bank Co., Ltd. Agreement for RMB 20 million

 EXHIBIT 10.18 
 Shenzhen Development Bank Co., Ltd. 
 Contract for Comprehensive Line of Credit 
 Shenzhen Development Bank Co., Ltd. 

 Contract for Comprehensive Line of Credit 
  

					
	Contract #:	  	Shen Fa Jin Xin Zong Zi No. 20060927002-2
	Party A:	  	Xinhua Subbranch, Tianjin Branch, Shenzhen Development Bank Co., Ltd.
	Add.:	  	No.166, Xinhua Road, Heping District, Tianjin
	Tel:	  	23535000             Fax:	  	
	Person in charge: Jia Chun	  	Position: President
		
	Party B:	  	Pemstar (Tianjin) Enterprise Co., Ltd.
	Add.:	  	Yat-sen Scientific Industrial Park, Tianjin, China
	Tel:	  	82172083             Fax: 82110486
	Legal Representative*: Roy A. Bauer	  	Position*:

 (*leave blank if Party B is an individual) 
 Whereas 
 Party B has applied to Party A for and Party A has agreed to grant Party B a Comprehensive Line of Credit

 Now therefore the two parties now enter into this Contract through negotiation in accordance with relevant laws and regulation and both parties are
willing to observe all provisions herein. 
 Article I Content of the Comprehensive Credit 
 17. Amount of Comprehensive Credit: (converted into) RMB TWENTY MILLION ONLY(in words). 
 18. Term of Comprehensive Line of Credit shall be 12 months from                     
to                     during which the Comprehensive Line of Credit may be used cyclically for multiple times and the method of use, the amount and
time limit shall be agreed between Party A and Party B each time; however, the balance of the different use of the Line shall not exceed the amount of the Comprehensive Credit. 
 The starting time of each business under the Line shall be within the term of the Line and whether the closing time shall be within the term of the Line shall be stipulated in the contract of the specific business.

 Article II Manners of the Extension of Comprehensive Credit 
 The manners of the extension of comprehensive credit include without limitation: 
 Loan (including individual
consumptive loan, individual operational loan), letter of credit, import documentary credit, packaged loan, export documentary credit, discount, acceptance, letter of guarantee, guarantee, etc. 
 The specific manner of extension of credit shall be decided in the specific business contracts signed between the parties. 
 Article III The Use of the Comprehensive Line of Credit 
 When
Party B intends to use the Comprehensive Line of Credit, he shall apply to Party A and the parties shall signed corresponding business contract after Party A has examined and approved. 
 Article IV Manner of Guarantee for the Comprehensive Line of Credit (put “ü” in the box chosen) 
  ̈ credit, not requiring Party B to provide guarantee 

þ the guarantee for the Comprehensive Line of Credit shall adopt manner 4 of the following: 
 1. 
 2.

 3. 
 4. Provide factoring service for Party B’s receivables from Motorola (China) Co., Ltd. 
 Article V Commitment Fee for the Comprehensive
Line of Credit 
 Party B shall pay Party A a Comprehensive Line of Credit commitment fee of
             ‰ monthly of the part of the Comprehensive Line of Credit that Party B has not applied for use. 
 Article VI Party A Representations and Warranties 
 Party A is legally qualified to sign and
perform this Contract and the signing and performance of this Contract has obtained full authorization from Party A’s board of directors and any other competent authorities (if authorization is required). 
 Party B warrants that the application documents he submit to Party A are authentic, legal and valid, containing no major error and without omission of
any major fact. 
 Party B warrants to give Party A notice of any change in company name, legal representative (principal), residence, scope
of business, registered capital, etc. taking place during the term hereof within 10 days after such changes take place; Party B shall immediately notify Party A of any such changes takes place at the time when Party B is applying for a specific
business under the Line. 

 Party B has fully acquainted himself with and understood the content of all the articles hereof and the signing hereof is
the true indication of intention of Party B. 
 Article VII Special Provisions on the Credit Extension to Group Customers and Associated Transactions

 XVII. An enterprise or undertaking as legal person having any of the following attributes: 
 33. directly or indirectly control any other enterprise or undertaking as legal person or controlled by any other enterprise or undertaking as legal person in terms of
stocks rights or operation; 
 34. jointly controlled by a third enterprise or undertaking as legal person   ̈ 
 35. directly or indirectly and jointly controlled by major individual investor, key
managerial person or family members of close relation therewith (including lineal relatives within three generations and collateral relatives within two generations); 
 36. any other relation which may result in transfer of assets and profit not on the basis of publicly accepted prices shall be regarded as a group customer in the management of credit management. 
 XVIII. Where any associated transaction more than 10% of the net assets takes place with a group customer of which Party B is a member, Party B shall provide Party A a
written report stating the associated relation between the parties of the transaction and item, nature, amount, proportion of pricing policy of the transaction (including transaction without amount or with only symbolic amount) within 10 days after
it takes place. 
 Article VIII 
 This Contract has been entered into under and shall be governed by the laws of the People’s Republic of China. Any disputes arising from or in connection with the performance hereof shall be settled through
consultation or mediation; if no settlement can be reached through consultation or mediation, the disputes shall be settled in manner 1 of the following: 
 1. Institute legal proceedings in the people’s court of the place where Party A is located. 
 Article IX Effectiveness of the Contract
(put “ü” in the box chosen) 
 þ As this Line of Credit
is guaranteed, this Contract shall come into effect only when the following conditions are simultaneously met: 
 17. This Contract has been signed and
affixed seals by both parties; 
 18. The related guarantee contract (containing “guarantee money” clause and “warranty of guarantee”
clause) has been signed and the necessary registration formalities have been completed. 
  

	
	Article X Other Matters Agreed between the Parties: ___________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	______________________________________________________________________
	

 Article XI 
 This Contract is made in triplicate having equal legal effect, of which Party A holds two and Party B holds one. 
 Seal of Party A: Xinhua Subbranch, Tianjin Branch, Shenzhen Development Bank Co., Ltd. 
 Signature of person in charge or proxy: 
 Seal of Party B: Pemstar (Tianjin) Enterprise Co., Ltd. 
 Signature of legal representative or proxy: 

 

 Sub-document 5(1) 
 FACTORING APPROVAL DOCUMENT 
 Agreement number:
20060927002-2         
 To: Pemstar Tianjin Enterprise Co,. Ltd 
 After audit, we agree to accept the above mentioned entity’s Accounts Receivable pledge. The below table is the agreed detailed listing of the Accounts Receivable
(AR). 
  

																							
	No.	 	Customer	  	Contract  
Number  	  	Contract  
Amount  	  	Paid    	  	Advance    	  	Discount    	  	AR Amount	  	Method of    
payment    	  	Amount  
paid
for  
AR  
pledge  	  	Contract
expiry	  	Remark
	 	 	MOTOROLA	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 CHINA
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Total
	 	 	  	 	  	 	  	 	  	 	  	 	  	RMB25,012,890.96	  	 	  	 	  	 	  	 

  

	 	•	 	Our bank will provide your company RMB 20,000,000.00, the commencement date as 27-Sep- 2006 and expiry date as 17-Nov-2006. 

  

	 	•	 	Our bank will reserve all rights on liability. 

  

	 	•	 	Bank charges will be charged at RMB 50,025.78 

  

	 	•	 	For all remittance, your company has to go to Tianjin branch XinHua Sub-branch to submit the following factoring approval document. 

 Approving bank (stamp) 
 Legal Representative: 
 Date: 
 Selling party: Our company has received agreement number: 20060927002-2 (Agreement number) (Factoring Agreement) has agreed to the above statement and guarantee 20060508001Banking Agreement) to fulfill
the relevant responsibilities. 
 Selling party (stamp) 
 Legal
Representative: 
 Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]