Document:

Agreement for credit facility

 EXHIBIT 10.46 
 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. 
 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 
  

	1.	Amount of Comprehensive Credit: (converted into) RMB            (in words) RMB SIXTY MILLION ONLY.

  

	2.	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 
  

	I.	An enterprise or undertaking as legal person having any of the following attributes: 

  

	1.	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; 

  

	2.	jointly controlled by a third enterprise or undertaking as legal person 

  

	3.	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); 

  

	4.	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. 

  

	II.	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: 
  

	1.	This Contract has been signed and affixed seals by both parties; 

  

	2.	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: 20060306001-2 
  

	 	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	 	IW183947	 		 		 		 		 		 		 		 		 	
		 	CHINA	 	IW183880	 		 		 		 		 		 		 		 		 	
		 		 	IW179829	 		 		 		 		 		 		 		 		 	
		 		 	IW185128	 		 		 		 		 		 		 		 		 	
		 		 	IW185130	 		 		 		 		 		 		 		 		 	
		 		 	IW185131	 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 	 	 		 		 		 	
	 Total
	 		 	 IW186211
	 		 		 		 		 	 RMB37538455.59
	 		 		 		 	
		 		 		 		 		 		 		 	 	 		 		 		 	

  

	 	•	 	Our bank will provide your company RMB 30,000,000.00, the commencement date as 06 Mar 2006 and expiry date as 06 May 2006. 

  

	 	•	 	Our bank will reserve all rights on liability. 

  

	 	•	 	Bank charges will be charged at RMB75,076.91 

  

	 	•	 	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: 20060306001-2 (Agreement number) (Factoring Agreement) has agreed to the above statement and guarantee
            (China Banking Agreement) to fulfill the relevant responsibilities. 
 Selling party (stamp) 
 Legal Representative: 
 Date: 

 Sub-document 5(1) 
 FACTORING APPROVAL DOCUMENT 
 Agreement number: 20060222002-2 
 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

		 	MTC	 	RI112890	 		 		 		 		 		 		 		 		 	
		 		 	RI112891	 		 		 		 		 		 		 		 		 	
		 		 	RI112900	 		 		 		 		 		 		 		 		 	
		 		 	RI112902	 		 		 		 		 		 		 		 		 	
		 		 	RI113010	 		 		 		 		 		 		 		 		 	
		 		 	RI113225	 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 	 	 		 		 		 	
	 Total
	 		 		 		 		 		 		 	US$4,899,294.53	 		 		 		 	
		 		 		 		 		 		 		 	 	 		 		 		 	

  

	 	•	 	Our bank will provide your company RMB 30,000,000.00, the commencement date as 22 Feb 2006 and expiry date as 22 Apr 2006. 

  

	 	•	 	Our bank will reserve all rights on liability. 

  

	 	•	 	Bank charges will be charged at RMB78,388.71 

  

	 	•	 	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: 20060222002-02 (Agreement number) (Factoring Agreement) has agreed to the above statement and guarantee
            (China Banking Agreement) to fulfill the relevant responsibilities. 
  

			
	Selling party (stamp)	  	
	Legal Representative:	  	
		
		  	Date:Agreement for credit facility

 EXHIBIT 10.47 
 CONTRACT FOR SHORT TERM LOAN 
 (Applicable to Credit Extension Operation) 
 XingJin(LiuDong)20050446 
 INDUSTRIAL
BANK CO., LTD. 
 TIANJIN BRANCH 

 INDUSTRIAL BANK CO., LTD. 
 Contract for Short Term Loan 
 (Applicable to Credit Extension Operation) 
 No.: 

					
	Accreditor:	  	Tianjin Branch, Industrial Bank Co., Ltd.
	Mail Address:	  	Senmiao Commercial Plaza, Wujiayao Street, Hexi District, Tianjin
	Postcode:	  		 	Telex:
		  	________________	 	
	Tel:	  		 	Fax:
			
		  	________________	 	
		
	Accreditee:	  	Pemstar (Tianjin) Enterprise Co., Ltd.
	Mail Address:	  	Yat-Sen Scientific & Industrial Park, Wuqing Development Area, Tianjin
	Postcode:	  		 	Telex:
		  	________________	 	
	Tel:	  		 	Fax:
		  	________________	 	

 Signed at: Hexi District, Tianjin 

 Whereas the Borrower (or the Accreditee) has applied for a short term loan with the Loaner due to the need of production
and operation and the Loaner (or the Accreditee) agrees to extension such loan, the two parties has entered into this Contract for mutual observance through negotiation on the basis of equality and in compliance with the relevant laws and
regulations of the country in order to clarify respective liabilities and to stand by credit. 
 Article I Master Contract

 This Contract is a subcontract under the “Industrial Bank Co., Ltd., Basic Credit Extension Contract” (or the Master Contract) numbered with the
line of credit being, as converted into Renminbi, RMB 100 million and term of validity of credit extension from Feb-23-2005 to Feb-22-2006. The amount of this loan shall be counted into the line of credit. 
 Article II Amount of the Loan 
 The Loaner agrees to extend the Borrower a loan RMB twenty million only. 
 Article III The
Purpose of the Loan 
 The Loan shall be used for purchasing raw materials. 
 Article IV The Term of the Loan 
  

	I.	The term of the Loan shall be 12 months from May-12-2005 to May-11-2006. 

  

	II.	The actual put-out date carried on the receipt of the loan shall be the date of loan. 

  

	III.	The plan for the use of the Loan in installments shall be: 

 RMB         on             ;
RMB        on             ; 
 RMB         on             ;
RMB        on             ; 
 RMB         on             ;
RMB        on             ; 
 Article V Interest Rate and Calculation and Collection of Interest 
  

	I.	Through consultation between the Parties, it is agreed that the interest for this Loan shall be calculated and collected in manner (A) of the following:

  

	 	(A)	The interest shall be calculated at a fixed interest rate of 5.58% per annum not to be adjusted with eventual adjustment of interest rate by the state;

  

	II.	Through consultation, the Parties agree to calculate the interest in manner (B) of the following: 

  

	 	(A)	(Translation omitted.) 

  

	 	(B)	The interest shall be calculated quarterly and the 20th day of the last month of a quarter shall be the date of interest settlement; the Borrower shall pay the Loaner the interests of the Loan on a quarterly basis. The remaining interest shall be paid up on the date of maturity of the
Loan. 

 (C) 

 Article VI Penalty Interest and Compound Interest 
  

	I.	In case the Borrower fails to use the any part of the Loan under the purpose of the Loan agreed in this Contract, or in case the Borrower fails to repay the Loan and fails to reach
an agreement for the extension of the time limit for the payment (that is, the Borrower has constituted an overdue of loan), the Loaner shall be entitled to collect a penalty interest at the penalty interest rate specified herein on the part of the
Loan being diverted use of or overdue. Where the Borrower fails to pay any interest, the Loaner is entitled to collect a compound interest at the penalty rate specified herein. 

  

	II.	In case the Borrower fails to repay the Loan and fails to reach an agreement for the extension of the time limit for the payment (that is, the Borrower has constituted an overdue of
loan), the penalty interest rate shall be A of the following: 

  

	 	(A)	The interest on the Loan hereunder shall be calculated at a fixed interest rate, and penalty interest and compound interest shall also be calculated at a fixed rate for overdue
period. The penalty interest rate shall be 30% in addition to the interest rate of the Loan; 

  

	 	(B)	(translation omitted) 

  

	III.	In case the Borrower fails to use the any part of the Loan under the purpose of the Loan agreed in this Contract, that is, in case of diversion of the use of the Loan, the penalty
interest rate shall be A of the following: 

  

	 	(A)	The interest on the Loan hereunder shall be calculated at a fixed interest rate, and penalty interest and compound interest shall also be calculated at a fixed rate for period of
diversion of the use of Loan. The penalty interest rate shall be 50% in addition to the interest rate of the Loan; 

  

	 	(B)	(translation omitted) 

  

	VI.	The compound interest shall be calculate and collected in accordance with the provisions hereof. 

 Article VII The Repayment of the Principal and Interest of the Loan 
  

	I.	The Borrower shall pay the principal and interest according to the schedule stipulated herein. 

  

	II.	In case the Borrower wishes to pay the Loan ahead of schedule, he shall notify the Loaner in advance and obtain consent from same. Where the Borrower pays the Loan ahead of
schedule, the Loaner shall have the right to collect interest per the stipulated term of the Loan from the Borrower. 

	III.	Where the Loan hereunder is in a foreign currency, the Borrower shall pay the principal and interest in the same foreign currency. 

  

	IV.	The Borrower hereby irrevocably authorizes the Loaner to deduct directly from the Borrower’s account for collecting the principal and interest without going through any legal
process in case any event as stipulated in Article X and Article XI happens. 

 Article VIII Guarantee 
  

	I.	The following contracts are the guarantee contract hereof: 

  

	 	1.	“                    ” (title of contract) numbered
             with Guarantor being                      and manner of
guaranty being                     ; 

  

	 	2.	“                    ” (title of contract) numbered
             with Guarantor being                      and manner of
guaranty being                     ; 

  

	 	3.	“                    ” (title of contract) numbered
             with Guarantor being                      and manner of
guaranty being                     ; 

 Article IX Representations and Waranties 
  

	I.	The Borrower hereby represents and warranties to the Loaner as follows: 

  

	(I)	The Borrower is a duly registered enterprise as legal person and will validly exist during the term of the Loan and has the power to sign and perform this Contract.

  

	(II)	The Loan that the Borrower borrows hereunder has obtained the authorization of his board of directors or equivalent top leadership and is not in violation of ay laws, regulations,
policies or articles of association pertaining to the Borrower. 

  

	(III)	The Borrower has no mortgage, pledge, pawn or any other debt burdens on his assets or profit except for those indicated in the documents that he has submitted to the Loaner, and has
no pending lawsuits, arbitration or bankruptcy proceedings. 

  

	(IV)	The Borrower shall not conceal from the Loaner any of the following events that has happened or will happen which may lead to the Loaner’s objection to extending the Loan
hereunder: 

  

	 	1.	Gross violation against discipline or law involving the Borrower or any of his major leaders; 

  

	 	2.	Pending lawsuit, arbitration events; 

  

	 	3.	Any obligations that he has or has undertaken or any guarantee, pledge, mortgage that he has provided to a third party; 

  

	 	4.	Events of breach by the Borrower under any contract with other creditors; 

  

	 	5.	Any other situations that may influence Borrower’s financial status and solvency. 

  

	II.	The Borrower hereby warrants to the Loaner as follows: 

  

	 	(I)	to provide true documents, reports and statements and vouchers as required; 

	 	(II)	to open an account for settlement at the Loaner and to settle accounts through that account; 

  

	 	(III)	to use the Loan in accordance with the purpose stipulated herein without diverting its use to any other purpose including investment in equity capital; not to use the Loan in
illegal speculative trading of securities, futures or in real estate; not to use the Loan in mutual loan between enterprises or other illegal activities forbidden by the Government; not to appropriate or divert the use of the Loan in any other
manners. 

  

	 	(IV)	to accept and assist the Loaner’s supervision and inspection from time to time on the Borrower’s use of the Loan and the Borrower’s production, operation, financial
activities, inventory, assets and liabilities, bank deposits, cash on hand, etc. 

  

	 	(V)	to provide full amount of valid guarantee recognized by the Loaner; 

  

	 	(VI)	not to reduce his registered capital in any manner; 

  

	 	(VII)	not to assign the whole or part of his liabilities hereunder to a third party without the Loaner’s written consent; 

  

	 	(VIII)	In the event that Borrower intends to make any reduction to his registered capital or make major change in property right or make any adjustment in pattern of operation (including
but not limited to such changes to the pattern of operation as entering into joint venture or cooperation with foreign business; schism, merger, annexation, being annexed; reorganization, organized or reorganized into a joint-stock company; lease,
undertaking of works, pooling, trusteeship, etc.), he shall notify Lender in advance. Should the above actions expose adverse impact on Borrower’s solvency, Borrower shall obtain Lender’s consent before taking such actions.

 Article X Premature Withdrawal of the Loan 
 The
Loaner shall be entitled to withdraw the Loan prior to the expiration of its term in case any of the following occurs with the Borrower and to deduct directly from any account of the Borrower. 
  

	 	(I)	Debit interest has occurred on the Loan; 

  

	 	(II)	The Borrower has incurred loss in operation or abrupt fall in economic performance; 

  

	 	(III)	The Borrower is or will be involved in any lawsuit, arbitration or any other legal disputes; 

  

	 	(IV)	The Borrower has provided false reports and data; 

  

	 	(V)	The Borrower has diverted the use of the Loan for any other purpose (that is, the Borrower is not using the Loan in the stipulated purpose.) 

  

	 	(VI)	The Borrower refuses the Loaner to supervise and inspect his operation, financial status, etc. or refuses to provide relevant reports or data; 

	 	(VII)	Major personnel change has taken place with the Borrower; 

  

	 	(VIII)	Any other matters that may harm the security of the Loan. 

 Article XI
Liabilities for Breach of the Contract 
  

	I.	The Borrower shall constitute a breach if any of the following occurs: 

  

	 	(I)	The Borrower fails to pay the principal and interest as scheduled herein; 

  

	 	(II)	The Borrower has acted against his representations and warranties in Article IX hereof; 

  

	 	(III)	The Borrower has acted against any other provisions hereof. 

  

	II.	Upon Borrower’s breach, the Loaner shall have the right to take one or more of the following actions: 

  

	 	(I)	To require the Borrower to correct the breach in a defined time; 

  

	 	(II)	To stop the Borrower’s draw down; 

  

	 	(III)	To terminate this Contract and to require the Borrower to pay up mature or premature principal and the interest; 

  

	 	(IV)	To require the Borrow to pay the overdue penalty interest if the Loan has exceeded its term; 

  

	 	(V)	To require the Borrower to pay penalty interest for diversion of use of the Loan if the Borrower has so acted; 

  

	 	(VI)	To require the Borrower to pay the compound interest for overdue interest; 

  

	 	(VII)	To deduct and collect the amount of the due principal and interest from any of the Borrower’s accounts. Where the currency on the Borrower’s account is different from that
of the Loan, the Loaner shall have the right to liquidate the Loan by converting it into the currency of the Loan at the exchange rate publicized on the date of the liquidation. 

  

	 	(VIII)	To recourse the principal and interest of the Loan by legal means, with all expenses arising from the legal action to be on the Borrower’s account. 

  

	III.	The Loaner shall pay for any loss caused on the Borrower by the Loaner’s failure to provide the Loan in accordance with the dates and amounts stipulated herein.

  

	IV.	In case any of the following occurs to the Guarantor (or Warantor, Pledgor or Pawner) hereunder, the Loaner shall have the right to take actions in accordance with the foregoing
provisions herein: 

  

	 	(I)	The Guarantor is in breach of the provisions of the Maximum Line Guarantee Contract, or his credit status is deteriorated or any other event that may weaken the capacity of
guarantee happens; 

  

	 	(II)	The Mortgagor is in breach of the provisions of the Maximum Line Guarantee Contract, or intentionally causes damage or destroys the object of mortgage or the value of the object of
mortgage may be remarkably reduced or any other situation that may affect the mortgage rights of the Accreditor occurs; 

	 	(III)	The Pledgor is in breach of the provisions of the Maximum Line Guarantee Contract, or the value of the object of pledge may be remarkably reduced or the pledge right must be
discounted ahead in advance or any other situation that may affect the mortgage rights of the Accreditor occurs. 

 Article XII Jurisdiction 
 The execution, validity, interpretation and performance of this Contract shall be governed by the laws of the
People’s Republic of China. Any and all disputes arising from the performance of or in connection with this Contract shall be settled through friendly negotiations between the two Parties or submitted to the local people’s court at the
Loaner’s location. 
 Article XIII Term of Effectiveness 
 This Contract shall come into effect when the following conditions are met: 
  

	 	(I)	Both Parties hereto have signed hereon; 

  

	 	(II)	Where this Contract is guaranteed, the guarantee or mortgage or pledge contract has come into effect; 

  

	 	(III)	Where the Loaner requests notarization on this Contract, the procedures of such notarization has been completed. 

 This Contract shall automatically become invalid upon clearance of the principal and interest of the Loan and all other liabilities hereunder. 
 Article XIV Copies 
 This Contract is
executed in three original copies of which the Parties hereto and the notarization organization shall respectively hold one. The duplicate copies may be amended according to situation. 
 Article XV Supplementary Article 
 The
Borrower and the Loaner have agreed through consultation that the account that the Borrower shall open at the Loaner after the Loaner has extended the loan to the Borrower shall carry a deposit not less than the interest of the Loan for the current
period for the payment of the interest. 

 The Loaner (Official Seal): Tianjin Branch, Industrial Bank Co., Ltd. 
 Legal representative of proxy (signature): 
 The Borrower (Official Seal): Pemstar (Tianjin) Enterprise Co., Ltd. 
 Legal representative of proxy (signature):

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]