Exhibit-4.17
Translation
LOAN CONTRACT
Borrower (Party A): [ZASTRON ELECTRONIC (SHENZHEN) CO., LTD.]
Address: Gu Su Industrial Estate, Xixiang, Baoan, Shenzhen
Postal Code: 518126
Legal Representative: Lei Xxx Xxxx, Patinda
Lender (Party B): ZASTRON PRECISION-TECH LIMITED
Address: Century Yard, Cricket Square, Xxxxxxxx Drive, P.O. Box 2681GT, Xxxxxx
Town, Grand Cayman, British West Indies
Representative (Director): Shih Chi-Ning
Party A will borrow a loan from Party B, and Party A and Party B shall enter
into this Contract through consultation for observance and implementation by
both Parties.
Article 1 Amount of Loan
Party A shall borrow from Party B a loan of Thirty Six Million U.S. Dollars (in
words) (for a term of one year to be provided in full by stages). Each time when
Party A needs to borrow a sum, Party A shall notify Party B of the sum required
which shall be paid by telegraphic transfer into the account designated by Party
A.
Article 2 Usage of Loan
Party A shall use the loan for making up the shortage of working capital.
Article 3 Term of Loan
The term of loan is for one year as agreed under this Contract, i.e., from
February 22, 2005 to February 21, 2006.
Article 4 Interest Rate
1
The interest rate for the loan under this Contract shall be 0% (interest free).
Article 5 Repayment
(1) Principle for Repayment
Party A shall repay the loan in installments in accordance to its financial
condition, and may continue to borrow the loan upon mutual agreement.
(2) Repayment Method
To be remitted by bank telegraphic transfer.
(3) Early Repayment
If Party A has sufficient funds, Party A shall agree to early repayment by
Party B at any time.
Article 6 This Contract shall become effective upon being affixed with the
corporate seal and signed by the legal representative (person in charge) or
authorized agent of Party A and affixed with the corporate seal and signed by
the legal representative or authorized agent of Party B.
Article 7 This Contract is executed in three copies and shall be no further
effect upon repayment of the principal by Party A.
Article 8 This Contract shall be in compliance with the foreign exchange control
regulations of the People's Republic of China.
Party A (corporate seal): [ZASTRON ELECTRONIC (SHENZHEN) CO., LTD.] [sealed]
Legal representative (person in charge) or authorized agent: (signature):
[signed]
February 3, 2005
Party B (corporate seal): ZASTRON PRECISION-TECH LIMITED [sealed]
Person in charge or authorized agent: (signature): [signed]
February 3, 2005
2
