Document:

CEO Change in Control Severance Agreement

 Exhibit 10.2 

CEO CHANGE IN CONTROL SEVERANCE AGREEMENT 

This CEO CHANGE IN CONTROL SEVERANCE AGREEMENT (“Agreement”), is dated as of
            (the “Effective Date”) and made by and between Blue Coat Systems, Inc., a Delaware corporation (the “Company”), and Michael J. Borman
(“Employee”). 
 NOW THEREFORE, in consideration of the mutual covenants and agreements of the parties set forth in
this Agreement, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 

ARTICLE 1 

TERM AND NATURE OF AGREEMENT 

Section 1.01. Term. This Agreement shall be in force until the fourth anniversary of the Effective Date, and thereafter renew for
automatic one-year terms, unless the Company shall give the Employee written notice of termination at least 30 days before the expiration of the then current term, provided that no Change in Control has occurred prior to such date. Notwithstanding
the foregoing, this Agreement shall terminate (i) 12 months after a Change in Control (subject to satisfaction of any obligations hereunder as a result of a termination of employment prior to such expiration) and (ii) upon on any
termination of employment prior to a Change in Control. 
 Section 1.02. At-Will Employment. Nothing in this Agreement
shall change the at-will nature of Employee’s employment with the Company. 
 ARTICLE 2 

CHANGE IN CONTROL TERMINATION 

Section 2.01. Severance Benefits. 

(a) If upon, or within 18 months following, or within two months preceding a Change in Control, Employee is terminated by the Company
without Cause or Employee resigns for Good Reason, Employee shall be entitled to the following (“Change in Control Severance Benefits”), provided that Employee executes and lets become effective a release of claims, in the form
attached hereto as Exhibit A (the “Release”), within 45 days following the termination of employment: 

(i) a lump sum cash payment equal to the sum of (x) 150% of Employee’s then-existing annual base salary and
(y) the Employee’s annual target incentive compensation under the Employee’s then existing incentive compensation plan, which shall be paid as soon as administratively practicable provided the Release has become effective, and, in any
event, no later than two 

 
and one-half
(2 1/2) months after the end of the taxable year of
the Employee in which the termination of employment occurs; 
 (ii) payment or reimbursement of health
benefit continuation coverage under COBRA or otherwise from the termination date through the earlier of (A) 18 months following the termination date or (B) the date Employee becomes eligible for health benefits with another employer, which
shall be paid no later than the month of such coverage; and 
 (iii) all of the Employee’s unvested and
outstanding Equity Awards shall become 100% vested and exercisable, and in the case of restricted stock units, settled within 30 days of termination. 

(b) Definitions. For purposes of this Agreement, the following definitions shall have the following meanings: 

(i) “Cause” shall exist if: (A) Employee is convicted of, or pleads guilty or no contest to, a
felony; (B) Employee engages in any act of fraud or dishonesty that relates to the performance of his duties and is detrimental, or reasonably likely to be detrimental, to the Company; (C) Employee materially breaches any material
agreement with the Company; (D) Employee commits any material violation of Company policy; or (E) Employee fails, refuses or neglects to perform the services required of Employee in his position at the Company; provided, however, that any
action under (C), (D) or (E) that is curable without material detriment to the Company will not constitute Cause if corrected within 30 days following written notice thereof to the Employee by the Board of Directors, such notice to state
with specificity the nature of the failure. 
 (ii) “Change in Control” means the occurrence of
any one or more of the following: 
 (A) the consummation of a merger or consolidation of the Company with or
into any other entity (other than with any entity or group in which Executive has not less than a 5% beneficial interest) pursuant to which the holders of outstanding equity of the Company immediately prior to such merger or consolidation hold
directly or indirectly 50% or less of the voting power of the equity securities of the surviving entity; 
 (B)
the sale or other disposition of all or substantially all of the Company’s assets (other than to any entity or group in which Executive has not less than a 5% beneficial interest); 

(C) any acquisition by any person or persons (other than any entity or group in which Executive has not less than a 5%
beneficial interest) of the beneficial ownership of more than 50% of the voting power of the Company’s equity securities in a single transaction or series of related transactions; provided, however, that an underwritten public

  

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offering of the Company’s securities shall not be considered a Change in Control; or 

(D) if during any period of 12 consecutive months, individuals who at the beginning of any such period constitute the
Board cease for any reason to constitute at least a majority thereof, unless the election, or the nomination for election by the Company’s stockholders, of each director of the Company first elected during such period was approved or
recommended by at least a majority of the directors then still in office who were directors of the Company at the beginning of any such period and any such newly approved directors; 

provided, however, that a transaction shall not constitute a Change in Control if its sole purpose is to change the state
of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who directly or indirectly held the Company’s securities immediately before such transaction. 

(iii) “Good Reason” means: 

(A) a material diminution of Employee’s then-existing annual base salary (other than in connection with an action
affecting a majority of the executive officers of the Company); 
 (B) relocation of the principal place of
Employee’s employment to a location that is more than 50 miles from the principal place of Employee’s employment immediately prior to the date of the Change in Control; or 

(C) a material reduction in the Employee’s authority, duties or responsibilities after the Change in Control when
compared to Employee’s authority, duties and responsibilities prior to the Change in Control; 
 provided that
notwithstanding the foregoing, an Employee’s termination will not be for Good Reason unless the Employee (x) notifies the Company in writing of the existence of the condition which the Employee believes constitutes Good Reason within 90
days of the initial existence of such condition (which notice specifically identifies such condition), (y) gives the Company at least 30 days following the date on which the Company receives such notice (and prior to termination) in which to
remedy the condition, and (z) if the Company does not remedy such condition within such period, actually terminates employment within 15 days after the expiration of such remedy period (and before the Company remedies such condition).

 (iv) “Equity Awards” means all options to purchase shares of Company common stock as well as
any and all other stock-based awards granted to the Employee, including but not limited to stock bonus awards, restricted stock, 

 

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restricted stock units or stock appreciation rights, except for performance stock awards which remain subject to performance criteria as of the Effective Date (provided that any portion of the
award subject to time based vesting will vest to the extent of the time based component). 
 Section 2.02. Resignation of
Corporate Offices. In connection with any termination of employment following a Change in Control, Employee will resign Employee’s office, if any, as a director, officer, trustee or employee of the Company, its subsidiaries or affiliates
and of any other corporation or trust of which Employee serves as such at the request of the Company, effective as of the date of termination of employment. 

Section 2.03. Accrued Compensation and Benefits. In connection with any termination of employment upon or following a Change in
Control (whether or not under Section 2.01 above), the Company shall pay Employee’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including
unused earned vacation pay and unreimbursed documented business expenses incurred by Employee prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company plan or
policy. In addition, Employee shall be entitled to any other vested benefits earned by Employee for the period through and including the termination date of Employee’s employment under any other employee benefit plans and arrangements
maintained by the Company, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Employee is entitled shall be
paid to the Employee in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Employee in which the termination occurs. Any
Accrued Benefits to which the Employee is entitled shall be paid to the Employee as provided in the relevant plans and arrangement. 

Section 2.04. Continuing Obligations. Employee acknowledges his or her continuing obligations under the Confidential and
Non-Disclosure Agreement with the Company, including but not limited to Employee’s obligations not to use or disclose, at any time, any trade secret, confidential or proprietary information of the Company. 

ARTICLE 3 

MISCELLANEOUS 

Section 3.01. Assignment; Successors and Assigns. This Agreement shall inure to the benefit of and be enforceable by
Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If Employee should die or become subject to a permanent disability while any amount is owed but unpaid to Employee
hereunder, all such amounts, unless otherwise provided 
  

 4 

 
herein, shall be paid to Employee’s devisee, legatee, legal guardian or other designee, or if there is no such designee, to Employee’s estate. Employee’s rights hereunder shall not
otherwise be assignable. This Agreement shall be binding on the Company’s successors and assigns. 
 Section 3.02.
Dispute Resolution. To ensure rapid and economical resolution of any and all disputes that might arise in connection with this Agreement, Employee and the Company agree that any and all disputes, claims, and causes of action, in law or
equity, arising from or relating to this Agreement or its enforcement, performance, breach, or interpretation, will be resolved solely and exclusively by final, binding, and confidential arbitration, by a single arbitrator, in San Francisco,
California, and conducted by Judicial Arbitration & Mediation Services, Inc. (“JAMS”) under its then-existing employment rules and procedures. Nothing in this section, however, is intended to prevent either party from
obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. Each party to an arbitration or litigation hereunder shall be responsible for the payment of its own attorneys’ fees. 

Section 3.03. Unfunded Agreement. The obligations of the Company under this Agreement represent an unsecured, unfunded promise to
pay benefits to Employee and/or Employee’s beneficiaries, and shall not entitle Employee or such beneficiaries to a preferential claim to any asset of the Company. 

Section 3.04. Non-Exclusivity of Benefits. Unless specifically provided herein, neither the provisions of this Agreement nor the
benefits provided hereunder shall reduce any amounts otherwise payable, or in any way diminish Employee’s rights as an employee of the Company, whether existing now or hereafter, under any compensation and/or benefit plans (qualified or
nonqualified), programs, policies, or practices provided by the Company, for which Employee may qualify; provided that the Change in Control Severance Benefits shall not be duplicative of any severance benefits under any such plans, programs,
policies or practices and that any amounts payable to Employee hereunder shall be reduced by any amounts paid to Employee as required by any applicable federal, state or local law (including without limitation the WARN Act) in connection with any
termination of Employee’s employment. Vested benefits or other amounts which Employee is otherwise entitled to receive under any plan, policy, practice, or program of the Company (i.e., including, but not limited to, vested benefits
under any qualified or nonqualified retirement plan, but not including severance benefits), at or subsequent to the termination date shall be payable in accordance with such plan, policy, practice, or program except as expressly modified by this
Agreement. 
 Section 3.05. Mitigation. In no event shall Employee be obligated to seek other employment or take any
other action by way of mitigation of the amounts payable to Employee under any of the provisions of this Agreement nor shall the amount of any payment or benefit hereunder be reduced by any compensation earned by Employee as a result of employment
by another employer. 
 Section 3.06. Entire Agreement. This Agreement, together with the offer letter, dated August 30,
2010, between Employee and the Company, represents the entire 
  

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agreement between Employee and the Company and its affiliates with respect to Employee’s severance rights in a Change in Control situation, and is primary to and supersedes all prior and
contemporaneous discussions, negotiations, and agreements concerning such rights, including, but not limited to, any rights under the Company’s Executive Separation Policy. 

Section 3.07. Tax Withholding. Notwithstanding anything in this Agreement to the contrary, the Company shall withhold from any
amounts payable under this Agreement all federal, state, city, or other taxes as are legally required to be withheld. 
 Section
3.08. Waiver of Rights. The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed as a continuing waiver or as a consent to or waiver of any subsequent breach hereof. 

Section 3.09. Severability. In the event any provision of the Agreement shall be held illegal or invalid for any reason, the
illegality or invalidity shall not affect the remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 

Section 3.10. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
California without reference to principles of conflict of laws. 
 Section 3.11. Counterparts. This Agreement may be
signed in several counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were on the same instrument. 

Section 3.12. Code Section 409A. This Agreement and the payments and benefits hereunder are intended to qualify for the
short-term deferral exception to Section 409A of the Code, and all regulations, rulings and other guidance issued thereunder, all as amended and in effect from time to time (“Section 409A”), described in Treasury Regulation
Section 1.409A-1(b)(4) to the maximum extent possible, and to the extent they do not so qualify, they are intended to qualify for the involuntary separation pay plan exception to Section 409A described in Treasury Regulation
Section 1.409A-1(b)(9)(iii) to the maximum extent possible. To the extent Section 409A is applicable to this Agreement, this Agreement is intended to comply with Section 409A. Without limiting the generality of the foregoing, if on
the date of termination of employment Employee is a “specified employee” within the meaning of Section 409A as determined in accordance with the Company’s procedures for making such determination, to the extent required in order
to comply with Section 409A, amounts that would otherwise be payable under this Agreement during the six-month period immediately following the termination date shall instead be paid on the first business day after the date that is six months
following the termination date. All references herein to “termination date” or “termination of employment” shall mean separation from service as an employee within the meaning of Section 409A. The Company makes no
representation or warranty and shall have no liability to the Employee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but

  

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do not satisfy an exemption from, or the conditions of, such Section. Except as otherwise expressly provided herein, to the extent any expense reimbursement or the provision of any in-kind
benefit under this Agreement is determined to be subject to Section 409A of the Code, the amount of any such expenses eligible for reimbursement, or the provision of any in-kind benefit, in one calendar year shall not affect the expenses
eligible for reimbursement in any other taxable year (except for any lifetime or other aggregate limitation applicable to medical expenses), in no event shall any expenses be reimbursed after the last day of the calendar year following the calendar
year in which you incurred such expenses, and in no event shall any right to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange for another benefit. 

[Signature page follows] 
  

 7 

 IN WITNESS WHEREOF, the Company and the Employee have executed this Agreement, to be
effective as of the date and year first written above. 
  

			
	BLUE COAT SYSTEMS, INC.
		
	By:	 	 
	 Name:

	 Title:

 

			
	 EMPLOYEE:

		
	By:	 	 
	 Name:

	 Title:

 

 8 

 EXHIBIT A 

GENERAL RELEASE OF ALL CLAIMS 

In consideration of the Change in Control Severance Payment to be paid to
            (“Employee”) by Blue Coat Systems, Inc. ( the “Company”), as described in the attached Executive Change in Control Severance Agreement (the
“Agreement”), Employee, on Employee’s own behalf and on behalf of Employee’s heirs, executors, administrators and assigns, to the fullest extent permitted by applicable law, hereby fully and forever releases and discharges the
Company and its past, present and future directors, officers, employees, agents, successors, predecessors, subsidiaries, parent, shareholders, employee benefit plans and assigns (together called “the Releasees”), from all known and unknown
claims and causes of action including, without limitation, any claims or causes of action arising out of or relating in any way to Employee’s employment with the Company, including the termination of that employment. 

Employee understands and agrees that this General Release of All Claims (the “Release”) is a full and complete waiver of all
claims including, without limitation, claims of wrongful discharge, constructive discharge, breach of contract, breach of the covenant of good faith and fair dealing, harassment, retaliation, discrimination, violation of public policy, defamation,
invasion of privacy, interference with a leave of absence, personal injury or emotional distress and claims under Title VII of the Civil Rights Act of 1964, the Fair Labor Standards Act, the Equal Pay Act of 1963, the Americans With Disabilities
Act, the Civil Rights Act of 1866, the Age Discrimination in Employment Act of 1967 (ADEA), the California Labor Code, the California Fair Employment and Housing Act or any other federal or state law or regulation relating to employment or
employment discrimination. Employee further understands and agrees that this waiver includes all claims, known and unknown, to the greatest extent permitted by applicable law. Notwithstanding the foregoing, this Release does not apply to
(x) claims which cannot be released as a matter of law, (y) any right Employee may have to enforce the Agreement or (z) Employee’s eligibility for indemnification in accordance with applicable laws, the charter and bylaws of the
Company or any indemnification agreement or fiduciary insurance policy Employee has with the Company. 
 Employee also hereby
agrees that nothing contained in this Release shall constitute or be treated as an admission of liability or wrongdoing by the Releasees or Employee. 

In addition, Employee hereby expressly waives any and all rights and benefits conferred upon Employee by the provisions of
Section 1542 of the Civil Code of the State of California, and any law of any jurisdiction of similar effect. Section 1542 states as follows: 
  

 A-1 

 A general release does not extend to claims which the creditor does not know or suspect
to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. 

If any provision of this Release is found to be unenforceable, it shall not affect the enforceability of the remaining provisions and the
court shall enforce all remaining provisions to the fullest extent permitted by applicable law. 
 This Release constitutes the
entire agreement between Employee and Releasees with regard to the subject matter of this Release. It supersedes any other agreements, representations or understandings, whether oral or written and whether express or implied, which relate to the
subject matter of this Release. Employee understands and agrees that this Release may be modified only in a written document signed by Employee and a duly authorized officer of the Company. 

Employee agrees that the Company shall have no duty to provide to Employee any severance benefits described in the Agreement unless and
until Employee (a) has signed the Company’s Proprietary Information and Inventions Agreement (“PIIA”) and (b) has returned to the Company any and all of the Company’s property in Employee’s possession or under
Employee’s control (including, but not limited to, cellular phones; computers; keys; credit cards; access badges; Company files or documents, including copies thereof; or facsimile machines). Employee further agrees that at all times in the
future Employee shall remain bound by the PIIA. 
 Employee understands that Employee has the right to consult with an attorney
before signing this Release. Employee also understands that Employee has [21/45] days after receipt of this Release to review and consider this Release, discuss it with an attorney of Employee’s own choosing, and decide to execute it or not
execute it. Employee also understands that Employee may revoke this Release during a period of seven days after Employee signs it and that this Release will not become effective for seven days after Employee signs it (and then only if Employee does
not revoke it). In order to revoke this Release, within seven days after Employee executes this Release Employee must deliver to              at the Company a letter stating that Employee
is revoking it. Employee understands that if Employee chooses to revoke this Release within seven days after Employee signs it, Employee will not receive any Change in Control Severance Payment and the Release will have no effect. 

[Signature page follows] 
  

 A-2 

 Employee states that before signing this Release, Employee: 

Has read it; 

Understands it; 

Knows that he or she is giving up important rights; 

Is aware of his or her right to consult an attorney before signing it; and 

Has signed it knowingly and voluntarily. 
  

			
	Date:	 	  

  

	
	
	  

	 Signature

	
	  

	 Print Full Name

  

 A-3Banking Facility Letter dated February 2, 2010

 EXHIBIT 4.46 

 

 

  

					
	Date:	  	2nd February 2010	  	
			
	Our Ref:	  	OCC/LCC/TEAM 1/CAM	  	

 CONFIDENTIAL 

Global Household Products Limited 
 12/F Kin Tech
Industrial Bldg, 
 26 Wong Chuk Hang Rd, 

Aberdeen, Hong Kong. 
 Attn: Mr. John
Sham 
 Dear Sirs, 

BANKING FACILITIES 

Standard Chartered Bank (Hong Kong) Limited

 (the “Bank”) is pleased to offer certain banking facilities including, amongst other facilities, those terms set out in this facility letter (the “Facilities”) to the Customer(s) below for the
purpose(s) of general working capital and trade finance and treasury requirement, subject to the Bank’s Standard Terms and Conditions for Banking Facilities and Services (including the Trade Finance Supplement) and Terms and Conditions for
Foreign Exchange Business attached and the terms and conditions set out in this facility letter. 
  

	A.	CUSTOMER(S): 

 Global
Household Products Limited 
  

	B.	FACILITY LIMITS: 

  

	 	(1)	General Banking Facilities 

  

					
	 Type(s)
of Facility
  
	  	Facility Limit(s)	 	Designated Customer(s) and Sub-limit(s), if applicable
	 	 	 
	
1.      Current Account Overdraft

 
	  	HKD1,000,000.-  	 	
•       The Customer

	 	 	 
	
2.      Corporate Visa Cards

 
	  	(HKD580,000.-)	 	
•       The Customer

	 	 	 
	
3.      Trade Finance

(Please refer to Appendix 1 for product details.)
  
	  	HKD400,000.-	 	 -

	 	 	 
	
(a) Trade Finance Group All
  
	  	 	 	
•       The Customer (HKD400,000.-)

Standard Chartered Bank (Hong Kong) Limited

 
 Origination & Client Coverage 

Credit Risk Control 
 11th Floor Standard
Chartered Tower 
 388 Kwun Tong Road Kwun Tong Hong Kong 

 

 

			
	Global Household Products Limited	  	 Page
 2

  

					
	 	 	 
	
(b) Trade Finance Group 1
  
	  	 	  	
•       The Customer (HKD400,000.-)

	 	 	 
	 (c)
Trade Finance Group 2
  
	  	 	  	 •       The Customer
(HKD400,000.-)

	 Total Facility Limit:
	  	HKD1,400,000.-  	  	 
	  

Notes:
  

•       The aggregate outstanding of Facilities 1 and 2 shall not at any
time exceed HKD1,000,000.-.
  

•       The aggregate amounts outstanding under all Sub-limits shall not
at any time exceed the Facility Limit to which the Sub-limits relate and the aggregate amounts outstanding under all Facilities shall not at any time exceed the Total Facility Limit.

 

  
  

	 	(2)	Treasury Facilities (The Bank may arrange for these facilities to be available through Standard Chartered Bank or other members of the Standard Chartered Group
and separate documentation would be executed where necessary.) 

  

			
	 Type(s) of Facility

 
	  	Designated Customer(s) and Sub-limit(s),
if applicable
	 	 
	
1.      Foreign Exchange Contract(s)

(Spot and Forward)
  

Facility Limit to be determined by the Bank on a case by case basis.

 
	  	
•       The Customer

	 	 
	
2.      Currency and Interest Rate Risk Management

 
	  	
•       The Customer

 

	C.	PRICING AND CONDITIONS: 

  

							
	 1.      Current Account
Overdraft
	  	
Interest:
 2% per annum over the higher of
Prime or HIBOR, payable monthly in arrears.
  

	 	 
	
2.      Corporate Visa Cards
	  	 Interest:

The Bank’s prevailing Visa Card rate.
  

	 	 
	 	  	 Subject to the terms and
conditions stipulated in the related Corporate Card Agreement executed by the relevant Customer(s).
  

	 	 
	
3.      Trade Finance
	  	 Interest:

HKD/foreign currency import/export facilities: 0.75% per annum over the Bank’s standard bills finance rate.

 

	 			 
	 	  	 Commission:
 Standard
rates unless otherwise stipulated.
  
	  		  	 
	 			 
	 	  	Letter of Credit Opening Commission:	  		  	 
	 	  	 First USD50,000.-
 Balance

  
	  	 1/4%
 1/16%
	  	 
	 			 
	 	  	Maximum tenor/advance percentage for:	  		  	 
	 	  	 Import facilities: Combined usance period of any transaction is
not to exceed 90 days.
  

	 	  	 Export facilities: Not to
exceed 90 days.
  

 

 

			
	Global Household Products Limited	  	 Page
 3

  

							
	 	 
	
4.      Foreign Exchange Contract(s) (Spot and Forward)
	  	 For transactions in the ordinary
course of business of the Customer.
  
 Tenor:
    Up to 2 days for Spot.

                Up to 24 months for Forward.

 

	 	 
	
5.      Currency and Interest Rate Risk Management
	  	 For transactions in the ordinary
course of business of the Customer.
  
 Tenor:
    Up to 24 months.
  

 Special
Condition: If required by the Bank in its sole and absolute discretion, the Customer undertakes to provide additional security acceptable to the Bank within the time limit imposed by the Bank at the relevant time. Without prejudice to any other
provision of this Letter, the Customer agrees that failure to strictly comply with this undertaking gives the Bank (or any member of the Standard Chartered Group that is providing such Treasury Facilities) a right to terminate all or any part of the
Treasury Facilities. 
  

			
	 Handling Fee of Facilities:
	  	 HKD30,000.-
on group basis, payable upon your signing of this letter, and other handling fee to be mutually agreed and payable on each anniversary of the date of this letter if the Facilities are continuing.

 

  

	D.	SECURITY AND CONDITIONS PRECEDENT: 

 The
availability of the Facilities is conditional upon the Bank’s receipt of the following documents, items and evidence (both in form and substance) satisfactory to the Bank: 

 

	1.	This letter duly executed by the Customer. 

  

	2.	A corporate guarantee executed by Global-Tech Advanced Innovations Inc. (formerly known as Global-Tech Appliances Inc.) for an unlimited amount.

  

	3.	Original/Certified copies of all necessary consents, approvals and other authorisations (including board resolutions) in connection with the execution, delivery and
performance of this letter and all other documents mentioned above, if applicable. 

  

	4.	(if any of the facilities referred to in this letter are to be made available by Standard Chartered Bank or other members of the Standard Chartered Group) All such
documents, items or evidence with, in favour of or to Standard Chartered Bank or, as the case may be, such member of the Standard Chartered Group as the Bank may request. 

 

	5.	Such other documents, items or evidence that the Bank may request from time to time. 

 

	E.	COVENANTS AND UNDERTAKINGS: 

 The Customer
undertakes to the Bank that it will: 
  

	1.	promptly submit to the Bank: 

  

	 	•	 	 certified copies of the annual audited financial statements of the Customer and the Global-Tech Advanced Innovations Inc. within 9 months after their
respective financial year end; 

 

 

			
	Global Household Products Limited	  	 Page
 4

  

	 	•	 	 a certified copy of the quarterly management accounts of Global-Tech Advanced Innovations Inc. within 120 days after the end of the relevant accounting
period; and 

  

	 	•	 	 other information that the Bank may request from time to time. 

 

	2.	immediately inform the Bank: 

  

	 	•	 	 of any change of the Customer’s directors or beneficial shareholders or amendment to its memorandum or articles of association or equivalent
constitutional documents; 

  

	 	•	 	 of any substantial change to the general nature of the Customer’s existing business; or 

 

	 	•	 	 if it becomes, or is aware that any of its directors, shareholders, partners or managers becomes, a Related Person (as defined in paragraph 5 of
section F of this letter). 

  

	F.	OTHER TERMS AND CONDITIONS: 

  

	1.	The Facilities are available at the sole discretion of the Bank. The Bank may at any time immediately terminate, cancel or suspend the Facilities or otherwise modify
the Facilities without the consent of any party. 

  

	2.	Notwithstanding any provisions stated in this letter, the Facilities are repayable on demand by the Bank. The Bank has the overriding right at any time to require
immediate payment and/or cash collateralisation of all or any sums actually or contingently owing to it under the Facilities. This clause 2 does not apply to any factoring facility(ies). 

 

	3.	The Bank’s Standard Terms and Conditions for Banking Facilities and Services (including the Trade Finance Supplement) and Terms and Conditions for Foreign Exchange
Business (“Standard Terms and Conditions”) attached and/or referred to in this letter forms an integral part of this letter and the Customer agrees to observe and be bound by such Standard Terms and Conditions. 

 

	4.	The terms and conditions set out or referred to in this letter supersede and replace those set out in our letter (if any) previously sent to the Customer(s).

  

	5.	Please note that section 83 of the Banking Ordinance imposes on the Bank certain limitations on advances to persons (including firms, partnerships and companies)
related to its directors, employees with lending authority or controllers (each person so related shall be referred to as a “Related Person”). When acknowledging and accepting this facility letter, you should advise us if you
are, or any of your directors, shareholders, partners or managers is, a Related Person within the meaning of the Banking Ordinance. If subsequent to your acceptance of this facility letter, you become, or are aware that any of your directors,
shareholders, partners or managers is or becomes, a Related Person, you should immediately advise us in writing. 

  

	6.	The Customer acknowledges the following: 

  

	 	(a)	The Customer has received and read the Bank’s Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance and the Code of Practice
on Consumer Credit Data; and 

  

	 	(b)	The Customer has, or will, notify each of its Relevant Individuals, the Bank may, in the course of providing banking services to the Customer, receive Customer
information in respect of that Relevant Individual. 

 For the purpose of the above, a “Relevant
Individual” is defined as being one of the following (but not limited to) Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, department heads, corporate officers (e.g. authorized signatories, company secretary etc.),
directors, major shareholders, beneficial owners, and guarantors (where applicable). 
  

	7.	This letter shall be governed by and construed in accordance with the laws of Hong Kong SAR. 

 

 

			
	Global Household Products Limited	  	 Page
 5

 Please sign and return to us the enclosed copy of this letter together with the attached
Standard Terms and Conditions for Banking Facilities and Services (including the Trade Finance Supplement) and Terms and Conditions for Foreign Exchange Business to the Bank’s Credit Risk Control at 11th Floor, Standard Chartered Tower, 388
Kwun Tong Road, Kwun Tong, Kowloon within one month after the date of this letter, failing which this offer shall lapse. 
 If you have any
queries, please feel free to contact any of the following persons: 
  

					
	
Queries on
  
	  	 Name

 
	  	
Telephone No.
  

	
Banking arrangements
  
	  	 Mr. Kelvin Fong, Relationship Manager, Local Corporates,
Origination & Client Coverage, Wholesale Banking
  
	  	2821-1323
 

 Yours faithfully, 

For and on behalf of 
 STANDARD CHARTERED BANK
(HONG KONG) LIMITED

 
  

	
	/s/ Josephine To
	 Josephine To
 Senior Credit
Documentation Manager

 JT/AW 

Encl. 
 We agree and accept all the terms and
conditions set out above and the Bank’s Standard Terms and Conditions for Banking Facilities and Services (including the Trade Finance Supplement) and Terms and Conditions for Foreign Exchange Business attached and/or referred to in this
letter, which we have read and understood. 
 For and on behalf of 

GLOBAL HOUSEHOLD PRODUCTS LIMITED 
  

	
	/s/ Kwong Ho Sham

 

 

			
	Global Household Products Limited	  	 Page
 6

 Each of the undersigned hereby acknowledge the terms of this facility letter and confirm that
their respective obligations under each guarantee and security document (as applicable) that they have executed in favour of the Bank will continue in full force and are not and will not be affected, discharged or varied by the execution of this
facility letter. 
 For and on behalf of 

GLOBAL-TECH ADVANCED INNOVATIONS INC. 
  

	
	/s/ John C.K. Sham

 

 

			
	Global Household Products Limited	  	 Page
 7

 Appendix 1 

TRADE FINANCE FACILITY  
 Trade
Finance Group All 
  

	 	•	 	 Negotiation of export credit documents with discrepancies on a with recourse basis 

Trade Finance Group 1 
  

					
	 •       Purchase of documents against payment bills with title documents on
parties acceptable to the Bank on a with recourse basis

	
	 •       Purchase of documents against acceptance bills with ECA/approved
insurance cover on a with recourse basis

			
	 •       Issuance of import letters of credit
	  	- sight and usance	  	
		  	- with title documents	  	
			
	 Trade Finance Group 2
  
	  		  	
	 •       Purchase of documents against acceptance bills without ECA/approved
insurance cover on a with recourse basis

	
	 •       Purchase of documents against payment bills without title documents
on parties acceptable to the Bank on a with recourse basis

			
	 •       Issuance of import letters of credit
	  	- sight and usance	  	
		  	- without title documents

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