csr (hong kong) co., ltd. (reg. no.: 39133264-000-04-14 …...whereas: -=f: a.tequesta, with its...

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BUSINESS

DEVELOPMENT

SERVICES

AGREEMENT

CSR (HONG KONG) CO., LTD. (Reg. No.: 39133264-000-04-14--4)

m::: :r, c U.tt,V% ::�,e.,,.,• t- =:Jtt :v z:;;; z t n , -= a1.ltir.il

with

TEQUESTA GROUP LIMITED (Reg. No.: 156268)

Or it5 NOMINEE

AGREEMENT NO.: CSRHK20150102359

AGREEMENT DATE: MAY� 18, 2015

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This Agreement rs entered into by and between the following parties:

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Tequesta Group Limited (hereinafter, referred to as "TEQ.UESTA"), a company duly incorporated and existing under the laws of Hong Kong, duly authorised and represented by the person signing this Agreement. Tequesta1ll?.fl=lfm¾1i.J (:(£""fJttpffilf* "TEQUESTA'' ) -*:!E��lHi�r.IE�;IJJftr.J¾

�. ��&M�*w��Ao

And

�

CSR (Hong Kong) Co., Ltd. {hereinafter referred to as the "Company"), a company duly incorporated and existing under the laws of Hong l(ong, and having its registered offices at Room 4U2, 41/F, Office Tower, Convention Plaza, Wanchai, Hong l<ong, duly authorised and represented by the person signing this Agreement. ffi$ < =I!f�) 1i!Ifl ¾ � C-tE""f Jt i:p faifF. "¾ 1iJ" ) -*t£�m,JiVF:f ��""f �89 * iij , 'Atl:IDJ-:tts-&��ff� 1 %�m.i�?f.J.�;-:m 41 � 4112 �, .iE�Mft*;hJ*ttJ.i-Jl. a<JH.A.a

(Herefnafter, TEQUESTA and the Company may be individually referred to as a "Party'', and

collectively as "the Parties".} 19:""fJttp, TEQUESTA �¾ir.J�t8t��75.l ,;_"}j

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Confidential: Business Services Agreement No. CSRHK201S0102359 - CSR HI< & TEQUESTA of19

WHEREAS:

�-=f:

A. TEQUESTA, with its long subsisting relationships in the territory of South Africa(hereinafter A'Jhe Territory") has acquired a familiarity with regulatory, social, cultural andpolitical framework whereby it is capable to closely co-ordinate with the designatedauthorities to comprehend the applicabf e Government policies, identify the opportunitiesof participation in various Government and Private projects, rend consultancy onparticipating in various tenders and bidding processes and thus facilitating trade of goodsand servkes concerning such projects.TEQUESTA �w.i��.fjipg Cl».'"Ff,ij$F "ffi�" ) fl"*Wlr#�l't-J��, fili��, H:�, ::t �� l!£ �tm� • k\ ffiilf tffitI !:5 .:4: if� f1 © i7J f}} W, #lltl�,ijHt-.J i.tlill.Uil:,�*��#�&�A��m�,u��m��*��.�llt�l9! 1§111f��Jlfl� tl{_J�*.

The COMPANY is a global company specializing in the manufacture of Electric locomotivesand Spare Parts for the same, with a focus on emerging markets. The COMPANY hasapproached TEQUESTA to provide advl'iory services in respect of the Project, forexpanding their business in the Territory and help it in achieving their BEE (Black EconomicEmpowerment) objectives in the Territory on a long-term basts.¾�£-��tt��t �M��n�$��re��, mE��*m�- �

�iSJ 8retl�J!Jti9 TEQUESTA ltt:iliH] ;:1l·ifl�'l'llJ¾1;.�, l;! ��;Jg7�Jift�ffii«, jf:ffl· !iJJ�:(£-l(;WJl¥J�ifl.t!k� § B(iJ faf.J:. ( ?fLl\.Jzi1f�&,:{��) � � �-

B. The Parties have, after mutual df:cuss:ti:-.-s., adui-ow!edged and agreed that they havesuitable and complementary resources to jo!ntiy harness the opportunities in the Territorythrough a Business Development Servlcas Agreement, whereby TEQUESTA wm play activerole in providing advisory services in respect of the Project, Business development and BEEstructuring and management in the Territory.��fflx#�m.��#�., �fil�••�••��,��m��•-��•lr.7f ��* 2tJi1Ill*i1H>l, TEQUESTA ��J91 fgj , ��l'f:J ll ta..& BEE ��1f J11i;rilir--t��tfO mI* (f.J 1frf5.

In view of the above-set background, the Parties have agreed to reduce in writing theirmutual understanding and their respective fundamental interests, rights, duties1

oblfgations and liabilities in relation to the agency, their respective roles fn this regard, theterms and conditions on which the Parties would implement the agency relationshfp andcertain other matters thereto.�-r J:i:!14":ict �:ifliiJ�.:t=rool!fJi£�fs.J�JJ�M--l1lEir.J-!-� tr-Jtl*:ftJ�, tt�I. 5l�,•�ft��X*�•e. �m��w&��MA, *m�§�. ��-��

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ii 1. Definitions and Interpretation:ii!J!..Jk�)t

1.1. DefinitfonsjE;(

Certain terms are defined within the recitals and within the body text of this Agreement. ln addition, the following terms shalf have the following meaning: �.=Jttffit£i.#.JJJ��:&*#l&� .iEJtrt:i �Sl. .flt?�, "f?°IJWiCA1f � �im.>(t

., Affiltate"

• Agreement"'

"Agreement Date.IP

"Business Day"

"Force Majeure"

"Person"

means, with respect to any Person, any other Person that. directly or indirectly, through one or more intermediaries, controls or is controlled by or is under common control with such person. ffl�7��A.��,��-+��+��m�,�

nt��i:�$11]1� i!a� A.it-J;ttf6.l�tM.

means this Agreement, including the recitals and schedures hereto, as the same may be varied or amended from tTme to time in writing by agreement of the Parties; �*��,�ffi��m�. ��n��mn�� (mtfl.i.)(..

shafl mean ar,d refer to May 18, 2015; being the date of execution of thi$ Agreement; ffi!'m:2!: 2015 � 5 _Fl 18 B, *ttiil3f��ff(J(J BMo

means any of the fuUowing events or occurrences: (ij Acts of God, such as fires., floods, thunderstorms, earthquakes, unusually severe weather and natural catastrophes; (ii) civil disturbances, such as strikes, lock outs and riots; (iii} acts of aggression, such as explosions, wars, and terrorism which are not foreseen; or (iv} acts of government or actions of regulatory bodies which sfgniflcantly inhibit or prohibit either Party from performing the1r obligations under this Agreement. ffir?lH:EfaJ�ft:�2t�: <-> :R�, �j<!J<., #t71', 11'�, �it, :Jf'nt��tr-]7e'i,$JE1t&�1!f; c=> P9iL. fln�I. tl,etHft,f fUifiiiL. C =) P9 ii., 9£15'tit!ffi.!X!. l¥J ��, � ft ��tfi:

� ( rol ) il.t.rf.f #:��1f .ffl.tJJl¥J fii;#J, �?§iQI flitl ��.11: {f fcir-

/J ,m ff -*ttl·iK�r � .5l *.

includes any individual, company, corporation, firm, partnership, consortium, joint venture or association, whether a body corporate or an unincorporated association of persons. �ffiew�A. ¾�. ��. ��, �ili�,�m. ½�� t}}�. x��AW-f*Yl-t-A�;jm.Alal-f*.

,._ - ..... __ ..,_,. � •• _, ____ ,. __ _. ___ • ___ A_ .. �,. rc:nulf?.n1�n102359. CSR HK & TEOIIl!STA

.,Product"

.,Project 359•

"Territory"

"Third Party"'

"Nominee"

"BEE"

1.2. Interpretation �13}l

means the Company's related products and Services. ii **ii] (fl;ffi :xF ali �Blt* •

refers to any portion of the Tender for the supply of 359 Electric Locomotives (22E} to Transnet SOC limited, South Africa (hereinafter "the Client"). AHijjt._.eitwI41:. Transnet �� 359 S-f!iJ:tll.$.�E!Z½fiil�ti tF�M-llHl-.

means the Republic of South Africa. r.rw1��*1ii.

means a person who is not a Party to this Agreement and does not include Affiliates ofany of the Parties. m��T*��{ffSJ-��m��A.

means any juristic person or Company that may be nominated by TEQUESTA from time to time to continue wtth and fulfil the obligations of this Agreement and/or to provide the necessary Invoices for executing the commercial aspects of this Agreement

i!iTEQUEST A:iF 'A!at � � a!J �A�:!E�, ffl Bi.ml ff*�� 89 Jl .I:" .!'.-11/·��!." .r;• ·'1 ...,..,. .. ��-H. .1.-+� •,'1 AA.tf:>it._-rtr� �,p, .E/4�17\:�:.':3<n� .-::x.�tr � tiJ'l-,11.ll:.1 llQ �•.&•

me�1w; f:!ii:;k �cormmic Empowennent as set out in the BEE C!.1,rri.,str dtl'""- Rt:pi.ihfic of South Africa =.Wnl<:1,}:Jt:tt?i�JGEE�$::ffli:llirfJ�AiaH�7!�.

1.2.1.References to this Agreement or to any other instrument shall be a reference to this Agreement or that other instrument as amended, varied, novated, or substituted from time to time. �*VJ.i5l�;itftM� � x itt: � sl m , e �m � £� � �it-t {tj�.. �1t.. Ee(!(]*

ttJ. i5lWZ�11!!.ffi ,i ::t 1tf: � s I ffl •

1.2.2.The headings in this Agreement are for ease of reference only and shall not affect the Interpretation or construction of this Agreement *tlJ.iSl tf:18{]�.H! 13i f!J! r�, �ffl ��*�·i:5ll¥.lmff ��t::l.

1.23.References to Recitals, aauses and Schedules are references to recitals, clauses and

sub clauses and schedules to this Agreement

i1"1*�, �it, iJtt��lffl, ffi!t-J�!*tbi-Sl�W� .. �� .. 'T'��Q.l1U#:lc

l¥J5lffl.

12.4.Words lmportlng the singular number shall Include the plural and vfce versa and

words importing the masculine gender shall include the feminine and the neuter

gender and vice versa.

•tt��m�MT��.liz.��; mtt��i!zmffiT�tt��tt. &z

#�.

Confidential: Business Services Agreement No. CSRHK201S0102359 - CSR HK & TEQUESTA of19

1.2.S.Each of the representations and warranties provided In this Agreement are independent ·of other representations and warranties and unless the contrary is

expressly stated, no Clause in this Agreement limits the �nt or application of another Clause. � �� =rr IYJ iii tW ��, *tb-i-5l ip tf.J tEfiiJ�it� �iiEi1JJ! �J'Lt¥J, *ifii:.t 'P-ff fiiI ��mm�em.

1.2.6."ln wrltlng" Includes any communication made by fetter or fax or e-mail. . �ifii�it 'e!mus m.. �� -rlfl!If�;m-m11�.

1.2.7.The words "indude", "including" and ''in particular" shall be construed as being by way of illustration or emphasis only and shall not be construed as, nor shall they take

effect as limiting the generality of any preceding words. ii.lia "tii5-" , "'E!�" $1 "�§1tl:!!:" ml��M;hJ-mf91�mi13, �ffl�ff�, -&:iF�1:.��mttlff fcJiiir:i&!i!SJ tt-J-A2:tt.

1.2.8.References to a person shall be construed so as to Include: s 1 .m-� A.mlfflfrl':1'21.ffi =

1.2.8.l. lndlvldual, firm, partnership, trust, joint venture, company, corporation, body corporate, unincorporated body, association, organization, any government, or state or any agency of a government or state, or any local or municipal authority or other governmental body (whether or not in each case havfng separate !ega: pe.,:5onr1nt.y}; -t A, i}j-jj, ·1�tfk, 1trrEi -tJ·�fJe�:H::, ��, il, �Al?lI-1*, �»!.A. mi*. ��. tll:.%{,, .f:T:fiJ;:;tfifJ)·;,t?Jt1�:fill:m.�. �tE-fiiiitll1i&uPJ.t2E3Jiu Pl:ltftk]&RJ.tfLt41 ( ;i:� i�i{}?:s�frA:tF .. ·-+}r·WJ t'?. "f A�� A��> ;

1.2.8.2. that person's succes:;oi-s hi tHl� �nd assigns or transferees pennitted in accordance with the terrns -ofth!::1 Agreement; and

ft!m*tfJ.i-l*�Bt .fui!f, litA�-fr��;if(A.. �i.tA��iJ:.A.; �

1.2.9.References to a person's representatives shall be to its officers, employees, legal or other professional advisers, sub-contractors, agents, attorneys and other duly authorized representatives. �--1'-A��ffi��lm.A�, �I,��,*�

n,ft��,��ftM:f��-

1.2.10. References to statutory provisions shall be construed as references to those provisions as are respectively amended or re-enacted or as their application ts modified by other provisfons (whether before or after the date of this Agreement) from time to time and shall include any provisions of which they are re-enactments (whether with or without modification). x&t!fitt mjE � 51 ffl S �fiff ;'9. EB-r �fm lrJ �� , ;t:J-;iF 13:HtMii U.. lUrjJji ;Jli e.lti ex 7 EJtHm �� l¥J cJ I ffl C ��*t'J i.5( B Mz. mr�z.� > , S � �U!1J!ffi�ir'6atr�� c,e��s•ct) .

Confidential: Business Services Agreement No. CSRHK20150102359 - CSR HK & TEQUESTAPage6of19

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1.2.11. All warranties, representations, indemnities, covenants, guarantees, stipulations, undertakings, agreements and obfigations given or entered into by more than one person are given or entered into severally unless otherwise specified. Mi��;gm,e:. m�m-1-1ZJ.J:®A�!tltr1£iftiA8f.J�iiE. ,rim. ��. �f.J. m�. ��.��. ��Tn��)t��.

1.2.12. In the event that the date on which any act or obligation specified In thls Agreement to be performed falls on a day which is not a Business Day, then the date on which the act or obligation is to be effected or performed shall take place on the next Busfness Day. fm �*tfHSl�� (t-Jff �rr��)t * ll :(£�!: 7l � J3 , !i!!J �qf '-i�)t 4} ll (t-J B Jt!J@�-t:Er-t-lf �B.

1.2.13. This Agreement is the result of negotiations between, and has been reviewed by, the Parties and their respective counsel. Accordingly, this Agreement shall be deemed to be the product of the Parties, and there shall be no presumption that an ambiguity should be construed in favour of or against any Party solely as a result of such Party's actual or alleged role in the.drafting of this Agreement. *lJJ.i..5(,%:�1.f��tsm. *e.iffi.M:�1r».;}t�ia tr.JW�fliifi!f. f/51.llt, *tfJ.�

m��1.r��. w��e��ffW-n��*��½��.��m�.tUtffW-�.

2. Scope and Purpose of the Agreement ancl �tlndples

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2.1. The Parties have enter� lntt'l t>'".', . t1::"�·2av�r�t tc, record their mutual understanding asregards their relationship ilnti �i.v! :1n::;-,, ·=.�,r �, 1.�1:1�ch such relationship shall be effectuated and implemented through thrr. A}�1,?ro;r;c .• �?:t. 7;l:Ji Bi5� tfJ.i!( m�fm 1n::t1tir 1}Uf;;ft1 ,f:rY::11.f�lY-JiJdaJ, #3®'::t*tfl.i-S(��,o� Mi�#��®rr'-7 ..

2.2. The scope of this Agreement ls the regulation of the rights and relationships of the Parties, both among themselves and with respect to Third Parties, with the aim of identifying, preparing and executing deals to supply the Company's Services In the Territory. :4i=i1J-i5(�1ii:ffil:iJlJl.1.f��=1Il'.t:Jti�l��(r,J��, § tt-JJ!i£M'��@i��iij�� iIHJU, 19!.£�:tti.rr��!mJR*·

2.3. In order to" achieve their joint commercial objective, the Parties shall operate this Agreement as per the terms and conditions set out herein. �7��ID��.��g��*XJilrit*M��.�tr*��.

2.4. Each Party agrees to co-operate with the other Party on the best effort basis. };{1.f pij :ffi:� §5-� jJ.g.f�.

2.S. Each Party hereby agrees and undertakes towards the other Party to perform and observe all of the provisions of this Agreement �1.f�g.��*�tr*��*��fi��-

2.6. The Parties acknowledge that the broad parameters for the conduct of this Agreement (subject always to the terms and conditions of this Agreement) are to enable inaease of

Confidential: Business Services Agreement No. CSRHK201S0102359 - CSR HK & TEQUESTA of19

the market share of Company's Services in the Temtory and enhancement of theeconomic value of the Parties. �n��, *��c��*��&*�>�ff��£�Tn�m �iii Bi*1f J,J�FacJitf 1i�Si �.&ili1�1itffJi2ilfift{I.

3. General Conditions of appointment-f:E1fir!roU 9k{tf:

3.L The Company hereby appoints TEQUESTA to provide advisory and consulting services tnrespect of the Project and to aid Buslness Development and to assist in achieving the

Company's BEE objectives in the Territory. *�'!]�� TEQUESTA H1f�� 6 tf.Jjijf1iiJ®§ifiJ.IM�}, �tfj,WJiCj�,f�, tiJ.JlfJ��-t£r4i�F�J.W.&A�11fffi��acJ � �.

3.2. The Parties hereby agree and acknowledge that they are independent contractors. No partnership, joint venture or employment is created or implied by this Agreement. �n��*�8a�ti�*��. *��m��½�.½��• ooag:ftraJ.

3.3. The Company has advised TEQUESTA that a previous Agreement had been signed between CSR Zhuzhou Electric locomotive Co., Ltd. and JJ Trading FZE (hereinafter referred to as the "'JJT"'). However, the Company advises TEQUESTA that in the event that JJT disputes or contests the cancetlaUon or r1on payment ln a court of law and if the Court decrees that the Agreement with JJT is , .. ·a.mi or the mutual agreement is reached between TEQUESTA and JJT, then the fi.rntncl�! •;Zl:lmi:Jll'tt:"IJ;r.f:tion to JJT, (which will not exceed the retention amount, that is 1S% ot 't.(,.;: ::-:,r.,;i;, �r,1(Junt payable to TEQUESTA under thisAgreement) will be deducted fro.1"11 t.::i: i'51St,t1m·sz r-1;1:tained from TEClUESTA as per Clause 6.1.6 �nd the balance (if there is) wm tr1�12 b� paid to TEQUESTA within thirty (30) days after the Company receipt of the !iv$'( ;,a--r1merot and/or return of all bank guaranteesreleased by the Oient, whichever occtars !a�r. Under this circumstance, the invoices wlth retention to the Company shall be not claimable and returnable to TEQUESTA. TEQUESTA shall resolve dispute with the JJT through amicable consultation and ensure there is no further dispute with the Company from either side.

�ii] S�15'VF TEQUESTA, ffi$�iJtlit,jJift.$lH!l�jj]z.litE.� �" Trading FZE CZ. JBraI# "JJTn ) 1:U7--t-�ii. �iiii, �ir.l �i.S(. TEQUESTA, jlo� JJT (:E�j!J:: ft��m�tt��11B1.fii:, la.J�&l�� JJT tr.J�iS(��# TEQUESTA �

JJT )t,&�pijt}J,i,S(., !It�� JJT �M*�� C�tlJ.iSCF?R:if-t� TEQUESTA aS!® 15' fl:'1ffirffi�, �M*i�M��SittiiHi��S!. ) ��/A�#: 6.1. 5 � TEQUESTA 9CJ $il��q:, rol*, Msjlhiti¥-J½��a¾i!.1 i&iJI&�-��-t�*1/itt&J!J�r �� Jfr:ff titr�ms 30 1' 8 i:Ji 1-tta- TEQUEST A. t£Jlt'tiN.z. 'F, ��jij tt:J'iir�il it� Lf g��- TEQUESTA :lt!#�� TEQUESTA. TEQUESTA fii��

�?k;� J JT l¥.J 1i-iSl, kl ffiiil�.ffi.:*trfii.r-1.f •�� wJ F�i4 �.

3.4. During the period of the project, any penalty enforced by the Client to the Company shall be taken by TEQUESTA and deducted from the Advisory Fee as per Clause 6.1.1, except that caused by the fault of the Company, such as failure to deliver or product defect. x;t I M l'iiJ, Mt 7 m-=f ¾ ii.1 tA ft�( tt :lul&=tf 3cjj: �F sff. � !Iii }�,t� -nJ �, � F � � '.a'.Jfrnf.J�EB TEQUESTA;fd.@, �/A 6.1.l ��lt-JWifUJtcpjn�.

4. Duties and Responsibilities ofTEQUESTA

Confidential: Business Services Agreement No. CSRHK201501023S9 - CSR HK & TEQUEST A Page8ofl9

4.1. TEQUESTA shall provide advlsory services in respect of the Project and will assist the company to improve its market share in the Territory and continue good relations and achieve mlrestones with Its clients. TEaurnA .mzt.t*l'!li m 111ft § ifU�*, t1J. WJ � isl ilei\lilW �� m Jirffr 11, !tt.F fl !tf��

. �fil;Jt�.F-lts��:l!i!�.

4.2. TEQUESTA shalr not make any representation on behalf of the Company except in conformity with the written instructions issued by the Company. TEQUESTA 1'S«�*iil{t&tf:1�;,R, ��M�iiJ tliA��ffii�l!f].

43. TEQ.UESTA will inform the Company timeously in writing if it wishes to appoint a nomineeto carry on with the provisions of this Agreement in its place.tza� TEQUESTA *mm�-1-ftJi.�ff*i,}i,;t, 11t'&at!Zl.�iii��ffl�i].

4.4. TEO.UESTA shall provide advice and assistance to the Company on the process of the Contract and normal performance by the Company to ensure the smooth execution and the success of the project. And especially, undertakes support and assist the Company for the timely payments and/or return of bank guarantees released by the Client until the fulfitment of all rights and obligations of the finished contract. TEQUEST A e tE �ii]� -rr � � W-&.iE �:m rratltl� 9:l ��H!iSl.fn ff WI, ». im19D �llfi§ (t,J��Jtb.tr �,mtl}J. ::Jt��·t1:1:�*:m JVJ� ?rJ &IJ:t 1Ellt�*1�.P ii !ID 41.ff�

ffi • l{j!J�fil<: � Fn.J q:., � �;tr� U\l �t,;: :i•}lfn..Y..�r-..

S. Duties and Responsibllitk!s QU;h1.�r-; ,;:1,�i;fc�,-,.� � � � Jmj1HO jir{f

5.1. The Company shall on its own r;,?Jke nsce...;;sari1 submissions of proposals and documents as per the requTrements of the biddlng documents, wherever applicable, in the most competitive manner. �•m. ��s��A•••��· ••m•%�•*· �ff-�§��a&

1f �$J)t{lJ:.

5.2. The Company shall be responsible to study, understand and interpret the requirements of the bids or offers on its own or In conjunction with its Partners and TEQUESTA shall in no way be liable for any mfsconstructlon of any clause mentioned therein. �il'J.fii!i!EI �,fO�½fi:{:k�-gffi_jJii)f� .. �Mf!JD�ffi��:;Jt, TEQUESTA ��

� 'P-ff W� ��Mffi. ft.

5.3. The Company shall alone be responsible for complying with all conditions and for all after sale support servfces to the clients and TEQUESTA shall not be obligated for any consequent liabilities arising out of the same, whatsoever. x�fr�. �il'.l��ffl�½m��#��F��m*��-�auESTA &ii Jl*H iEfiiJ m litr=�(t:Ji!HE.

6. Remuneration, enment terms e:tcsi'rM .. i-t��"'

Confidential: Business Services Agreement No, CSRHKZO1501023S9 • CSR HK & T£QUESTA of19

6.1..1.. For the Project-related Advisory Services provided by TEQUESTA, as derailed Jn Annexure-•A'•, TEQUESTA shall be entitled to an Advisory Fee of 21% (Twenty percent} of the Contract value of Project 359 awarded to the Company, based on 25' {Two percent} of the Contract value as the success fee and 19% (Nineteen percent) of pro-rata to the mnestone-based payments received by the Company from the Client. The Company has already paid 3.9% of the Contract value (R706,n0,480.00) to l1T up to the Agreement date. The total payable amount to TEQUESTA under this Agreement is 17.1% of the Contract value {R3,098,916,720.00}. Jlt?�, �ffiUft{tJ: A tp�.5(.f.J TEQUESTA ll!11t!Y-J� El��t'ltr§i10.lm*, TEQUESTA EZtt1'£l!f�iil½fisJ��:&1l 21%�§it1J1. gm� 2cx,!'f(Ji£l1Jftf0 l9"�ffltb\ �F��£��#�ffl��M�TEQUESTA.��q��ZB,��8�

::k:ff½f6.l�:i:'1i!a 3.9% C7oG,no,48o.oo ��> � JJT. ��.#t11-iSl�Jtti.J½ liU.��tfi(l(j 17.1%�TEQUESTA, i!?.l!P 3,098,916,720.00 ��.

The amount indicated in Clau� 6.1.1. above shall be payable as follows: .Ht6.1.1 r:p#J:f£1Jf.&Nlfl!J,(r�f.f:

6.1.2.19% of each payment to be made by the Client to the Company shall be due and payable to TEQUESTA when the Company receives the payment. Namely, each time the Company receives a payment from the Client as a percentage of the total Contract value, same proportion of tt-ie Advisory Fee shall be paid to TEQUESTA �F M�ir.l=t i-tl¥1��i.t�aq 19%B:t£�'BJi&i\:,€flJWI*:t:-f-t. !P�� Y.�.P DI�i&JIJ.g-(iij�fil!-�!:,��ft,J�:�§. �(::j TEQUESTA :t:1-tffiSZttiftJtr-.J§ifijJl.

6.1.3Atl invokes to the Comp.my sh;�1: bf: �-'�'.,t!E:J by TfQUESTA subject to the actual payment by the Client to tb� C:':ti·i:,:•!;':,' �-- -oc-,-.-i{)l!anr.e with the Contract. Should the Contract be suspended or �l':'ir,in:,t.·;J �-t' :th,� rJhmr. or by the Company prior to Its completion, then the Advistjiy i-uf r0 k" � ;,<lid to T£QUESTA shall be accordingly suspended or reduced in prop0r:;<,n 4:t:., the redrJction of payments under the Contract. nr� TEoumA .xt¾EJtt��im�r:ft!ifl�f.il��1-trufA, �*�F�

�iijt£�1ii1*$:lia1i'W��.tl:ir�, N'Mt TEQUESTA �§i1UJlle1tHi!�fa.Jft 11;:((.J��. ttft�Jffi�?Z!ffflt�&.

6.l.4AII Invoices wlll be paid in the Contract payment currency. If TEQUESTA wishes for allpayments to credit in USO In equivalent, TEQUESTA accepts the exchange rate at the time of the payment to be received by the Company from the Client or the payment to be released by the Company to TEQUESf A. m��S�fffl�Fa]-{;j'�1Jtffix·M. WJm: TEQUESTA ;fi%-�,W:g-�.fsi:*tl.7g�-fft trl)�jc. TEQUESTA mz•��/1��a.!1.f�lt-tnt:.'f¾�� TEQUESTA 1-t�lt-ttt-Jtc *·

6.1.5.The Company shalf retain an amount of 15% of each Invoke value and pay the balance to TEQUESTA within thirty {30) days of receipt of payment by the Company. �a'JJ£!Ziiilfjj��lES!� 15%, Jii.Ja1.f£�ii.litki!H.J�!l93O1'-I.{"FB f13ffi.ftJ��$!� 1-J-� TEQUESTA.

6.1.6.With each payment, the Company shall submit a proof of payment as wen as a Statement confirming the amount retained towards the 15% Retention amount, to

Confidential: Business Services Agreement No. CSRHK20150102359 - CSR HK & TEQUESTA ofl9

TEQUESTA. Each Statement shall show the current retention as well as the cumufative amount retained as on the date of statement. �rfi�{.f :X, ��mi�� f .J-itiiE f!JI �JHJtiA l5%{i: ffi :&� ;til!JJ!t TEQUEST A·. ��l!ilzB®,4itt-��sa�*��&��m�m.

6.1.7.When the final payment ls received by the Company from the Client and/or return of all bank guarantees released by the Client for this project, whichever occurs later, the full and final payment shall become due to TEQUESTA within thirty {30) days. Thls would be the final payment of Advisory Fee as well as all the retained amounts so as to leave a zero balance owing to TEQUESTA on the statement §�?ili&Itl�F�1.ftt:11et1ii-gg#11:®1��r�§J�l!Jfmmfl"mffi*E&, �AiiiJ� � i1E, � iij�tf 30 1-:C f'F 8 Pi ��{-t!ltt! TEQUESTA. iX:Jf UIQ.fii fl{J �ifU � !:.(JUJr:ff i!iHll :fEillt't-.1 x {1, � TEQUESTA (J(J ;K 19Ll:(f<J�J� *j: {;J-sit�� '-1�-

6.1.8.Each side shall be respectively home its own income tax and other types of taxes (if any} may be levied by and bankJng charges related to the payment according to Hong Kong laws. ��&�w��§�filfflS��#�ffl��m�&®�b��,� �) .. l;J.:& @.ff flUll a

7. Term and Termination

wim��11:

7.1. This Agreement shall be e.ffec.ttve fr:,in th� Agreement Date and will remain valid for aterm that Is concurrent with arid eqtmt to the term of the Project. �ttJ.i5l�J..k�i5lBM:ffMs-��3f:tf1'#�i§ii/z.ffMfaJ-li:,f�.

7.2. Notwithstanding the aforementioned, if either Party hereto commits a breach of this Agreement or defaults In the performance of any obligation hereof, and if such default or breach is evidenced and not rectified within 14 (fourteen) business days after the same has been called to the attention of the defaulting Party by a written notice from the other Party; then the non-defaulting Party, at its option, may thereupon terminate this Agreement by submitting a written notfce to the other Party. ��oo�fl�.�u�-n�&*�tSOJtit&:frfiiJ�i5(.ffi��*'*1UzO �ta:trai&f!J4Siii1ffi�J§t'J9 141'-J:11= Bz.�x�:&B-t�1E, �l::iftt7.rffM:i!t� ��iliH!�� .lt#ttJ-l-"l.

7.3. Any expiration or termination of this Agreement pursuant to Clause 7.2 shall be without prejudice to any other rights or remedies to which a Party may be entitled hereunder or

at raw and shall not affect any accrued rights or liabilities of either Party. ��12m�. *��{rfSJ�M��§$A�ffl*��®��

$fl° � &�J�1rtrnt�. fii.l lt-t�ffl-�PpJ{ffiiJ-1i�tEMti�J�:attE.

8. Liabirlty provisfoosJHf��

8.1. Each Party undertakes to cause its employees, agents, and Affiliates, as long as they areassociated with terms of this Agreement, to respect and comply with this Agreement. �n��. ��*��ffl�� .. «��a��. •fi�*��-

Confideotial: Business Services Agreement No. CSRHK201S01023S9- CSR HK& TEQUESTA Pagell of19

•

In any case, each Party undertakes to collaborate in good faith with each other to avoid or minimize any disadvantage or harm affecting the other Party. ff fcJ i1f �fF, �:t.fff(iifflsllt vR l't:J�fi: !Zl.i@U�A,�Mtf � :iFf!J��.

8.2. The provisions of Clause 9 shall continue to apply following the expiration or termination of this Agreement and for a period of Ave (5} years thereafter. ��9g��M��s��.

9. eonfldentialttY�Wtt

9.1. During the course of this Agreement, one Party (the "Disdoser"') may, on a case-by-case basis, disclose to the other Party (the nRecipient"J certain Confidential Information all of which shall be regarded as confidential. "Confidential Information" means any information as the Disdoser may from time to time provide (or have supplied or dlsclosed on its behalf) to the Recipient, Including all finandal or other information relating to its business affairs or the business affairs of the Affiliates, whether orally or in a written, physical or visual form, regarding the products, activities, Including (without llmftatfon) data, software systems, informatiori t�chnology, products, applications together with analyses, compilations, forecaru, sw::i�s or oth�r documents prepared by the Olsdoser (induding, but not limited to, (:;w,·�-.-�. ;;,-: :-ortant:5, consultants and financial advisers) and/or Its Representatives wlii< h , ,-,...:-- · :: · , ':- o·::9;t�nvise reflect information about the Discloser and/or its Affiliates. +�,l'J AA ''f":;>::. ,+, --i=-("· -','·!;•,.. . _.:, • ·, :.· .,;, ·1·Y::I M::�:e�P --r(n�1U...-t::-n ).V,.-tt-�� "'P-CIJ'CA.O'J�a,, /J ;.,"Z_B;,,.� . , , . , .. , ,L,./ •. l./..;.�-i:i::n /J l.$C'U./J 0:1;)11;:-'VI.

[email protected]��t:J�w. ".v� ..,-: .. �1 :-;�_··.-:::it, :t:-Tfz=Zh ffl� .. tu1s c@�mr>

Ii�-- txftf:�!x .. fa2.tt*=, r�1 .. &.i::-iili}Vr .. ��-- ffi� .. tvf��;ttftMlt3i:o �,��-R� (��P.t&�� ;f'J/�Jb�JfltJL.ffJffl�atr� .©,) tt,JJt,{4(��.@� m -r, � w.. � frfi.. .BJ! (iiJ 3fO �t * � 1iiJ) , t1 w� ittf PI im :;f ft,f it!uttYHcr � t&1i tf1 m .'&c��-��-�). sMm��-��m•��*�*•�*•*�� m�. x��o��oo .. ��tt��.

9.2. The Recipient shall at au times during the term of this Agreement and for a period of five (5) years following its termination, hold all Confidential Information which it acquiresfrom Discloser under the terms of this Agreement, or otherwise, in strict confidence andshall not disclose such information to any third party or duplicate, transfer, or use directly or Indirectly, the Confldential Information other than in Recipient's performance of its obligations under this AgreemenL ��*��M��m��R. ��m�u*� iSl trn� �JA1lt� :n��.m � -m .�. JH�. �JIE�� a:, �� iaJ tE fi:Im .=:1J1tii Jtt� ffim••�--•�-- •�m•�•�••��mw�A. �$•��m��w�

tf.* tJJ. i5l. "f tfl .5(. �.

The foregoing restrictions shall not apply to any information which: (i} is or becomes generally avallable to the public other than as a re.suit of a breach of obligation by Recipient; or (Ii) is lawfully acquired from a third party who owes no obligation of confidence in respect of the information; or (lil) Recipient is required to disclose by law (provided that Recipient shall assert the confidential nature of the information and give immediate written notice to Discloser and assist Oisdoser in obtaining a protective order against such disclosure).

Confidential: Business Services Agreement No. CSRHK201S01023S9 - CSR HK & TEQUESTA Pagel2 of19

9.3. Upon request of Oisdoser, or upon the expiration or any earlier termination of this Agreement, Recipient shall promptly return all copies of the Confidential Information in whatever form or media, to Discloser or, at the direction of Discloser, destroy the same. Recipient shall certify In writing to Discloser such return or destruction within ten (10)

days of the date of Dis�loser's request. �!tHitt; 1.f � � *, l\t � tE * � lS( WI iffl �HHu � l1: lt-t , tt i&1.f mLR. lf:t � ff fPJ 1.f 5:t�

•m*•�m�••••m1.r. •••�•��m�m�.a•��•�1.r��

rg , � t&1.f El t.E + 1-I f'F B Yi � ffii :iH!�itii 1.f, fffl i.Un� {11. � 1a .\!. Btli! lfil � � ffl N.

9.4. Subject to all other terms of this agreement, this Agreement and Its Annexes are also Confidential tnfonnation and either party shall not disclose, advert� or publish the terms or conditions of this Agreement or the Annexes without the prior written consent of the other party. *��Att��m��§��. �mwR��-1.r��oo�m�a.ff�-n�@•��r��#.

10. Misct!Oaneousx�

10.1.1. delivered to the apprc::p:i3'te &d:1r'7:SS by hand or by overnight courier service {costs prepaid); ffl-¥ 1t��Ax:M"il!Lli i1ofil < � ffl ffi 11) f tl .iE ��!:!sill:;

10.1.2. sent, if sent by racsimlle (with confirmation by the transmitting equipment); or ��.��rt��(��)

10.13. received by the addressee, if sent by certified mail, return receipt requested; �rt�#Att�. �*��ffi.��§��;

in each case to the followlng addresses and facsimile numbers and marked to the attention of the person (by name or title) designated below (or to such other address, facslmDe number or person as a Party may designate by notice to the other Party): ffM-�m��. *��A�tt�cn#-n� ffi��-nffi��.��A>s

TEQUESTA:

TEQUESTA Group Limited For the attention of: Mr. Salim Essa

Confidential: Business Semces Agreement No. CSRHK201501023S9 - CSR HK& TEQUESTA Page13 of19

The Company: CSR (HONG KONG} CO., LTD.

For the attention of: Mr. Yao Xingzhong

All correspondence, exchange of infunnation, documents between the Parties, with

Customers/ third parties shall take place Tn EngrJSh language. Plrlftt-.Ji!-ra-.. -m.,.u .. }l;j)t{tf: .. .!¥i�.P1g=::n1iiz:a:�i!i!81lHr.

10.2.No Party may assign any Interest, benefit, right or obllgatlon under this Agreement to any Person without having obtained the prior written consent of the other Party. It shall be a condition of any assignment that the assigning Party gives prior written notice to the other Party and to the Third Party indudlng any Authority (if required by law or any contract) of its Intention and that such Person, provides prior written confirmation that it does not object to such intended assignment, and with respect to an assignment to nonAffiliates that the other Party provides prior written confirmation that it does not object to such intended assignment Furthermore, it shall be a condition of any assignment that the new participant shall have to ratify this Agreement in writing and accept to be bound by and adhere to the provisions of this Agreement, and in any event of assignment to an Affiliate as specified above, the assigning Party shall continue to guarantee the performance of the new participant under this Agreement and in any event of assignment, it shaU also continue to be bound by the exc!i.1sivity and confidentiality provisions set forth herein. -tf ift �t:l r tr-J {f faJ--Jra fJt:(.f � ·----1.: :·:' '/.:, � t· �iB ni ·$: iiU'fw � r��1Hfc*J �.. i&:.tl ... �:f:tlpJt3l*- 1ffoJ:&�:t-!i'lJ:.Q��?- :·+ t (:; ·.�.:h.lf .;A·t�aff5lll�f1'�-1r$1li.=1ft!151f 'fiiJ§.t'3C:!za�f!��tE{iiJ-B" /i��rl:�:. :·<-:··, ·\. 1/. t.JUt.�-A��ffiH��iA'iA ��&M.:¼�M s::1-i-;::ct:.:a.. -H-�/."t:h 1,, -'' n · •· • •' +·····-..,l\ •1-..,...s::;�!�e!-AA'i::.:&. ,U..hL .l.:'::.ttc!.I = V.l''f:t ...,_, ;;rr .11:J o:;:Jnd • .:-n --·. :·: �<:-:; :; '..' !Vi'¼t1 i., t:. "'i'.LX.11:.i �.,--rii:i-t:r tL• P-1..71·,

��tEfiir�il:1¥.J�--t�{it,�. --.,"r��·r;:J�-�-J��i·SZ��Tiff-V...PJ-*ttiiSl.fD��#il'ir .:$:1JJ.iSl(t-J��. -7:tEM*ti:f*--1'-..ttt�:-1?: 9f;*:f{ifl.tfJfr:1fi:r� r, �iJ:1rni�� :a:��r��rr��xhl��u. ��tt��w� �-

10.3.lf any provision of this Agreement is or becomes illegal, unenforceable or invalid under

the law of any Jurisdiction applicable to the Parties, neither the legality, validity or enforceability of the remaining provisions of this Agreement nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall be in any way affected or impaired thereby; provided, however, that If such severabTiity materially changes the economic benefits of this Agreement to a Party, the Parties shall negotiate an equitable adjustment Tn the provisions of this Agreement in good faith. �m*��m��ttzr�� .. �A��n�#� �, �tEM�ir�rtt-J=*��!'.J<J*H.. ff �M SS?t�tt �& �fiir:i!f9�� tf..J �r:l: tt.. 1f �Ms1$tl�.fflt:f ffl.��ffl If. �U�UJHt�J tt�mttt!t!\ai3!:7 *i11-� -

n��.�n�a*��i11-��M(t-J��n�-

10.4.Thts Agreement (indudlng any annexes thereof) sets forth the full and completeunderstanding of the Parties as of the date of execution of this Agreement and supersedes all other prfor negotlatJons, agreements, and understandings of the Parties with respect thereto. No Party shall be bound by any other obligations, conditions or representations with respect to the subject matter of this Agreement.

Confidential: Business Services Agreement No. CSRHK201501O2359 • CSR HK & TEQLIESTA of19

*tt}t((1Y.Wff.�Mt{lf) � tf.1-iiiP.rrff �U�i£7 �n�PJrff ((.J1e�t't:JlJ.M, :1t Jiitstft�ttffi�;J!tfth�*MM,��n��.{ffiiJ-'jj��tt��MIY:J.5(.4S-, H��t9�.

10.S.No waiver of any of the provisions of this Agreement shall be deemed to be or constitute a waiver of any other provision whether similar or not. No single waiver shall constitute a continuing waiver. tEfoI �ttJ. \'t {f {aJ � tt:!WfijyF��ftj�;tfm5£�� fi;.{*it!Y-Jtfi�. {f fiiJ�-fflH!k.�iif ��rot��iWi$e.

10.6.Neither this Agreement nor any of the terms hereof may be amended, supplemented, waived or discharged unless the Parties so agree In writing. x ��ttJ.iSl�:8!: tlJ.i'il�tEfiiJ �iXfflI�fmik: {lj c.t. �� 1c.. ��ff!&, ��f:�1nf �mil'rnfaJ�-

10.7.Nothing in this Agreement, except to the extent explicitly provided, shall be construed to create an association, trust, partnership, joint venture, or other fiduciary relationship between the Parties or to impose a trust or partnership duty, obligation or liabi1ity

between the Parties. No Party shall by virtue of this Agreement be deemed to be the representative of the other Party for auy purµnse whatsoever, and no Party shall have the power or authority as agent or in any other capacity to represent, act for, bind, or otherwise create or assume ,my ab!ig:::1tkm o:, behalf of any other Party for any purpose whatsoever, except spedfieulty -;'I.ff.(;<! c.i ;n- ,.,._;r,,,ng by the other Party.*� �� ,ff, m:imw. �Pt r:n 7-.... •!· .; i,. ;a,•······ .• "ff -�..s-i1r.i.,. A.H. A Jg-f!r.. AP!= Al:::l:.A.,fl, ;::;e�r/J'�A, �--IF7J�·�r11·!TJ, �r1"'1.£!.1.::.l�f ... .,A¥{·,:;�:i _·}5�·�, ... }) Pi.J.it.:.-- t t1.rx:-, lCn:i, C lF, C .!Q.JJ:..!IL, �1't' .t.S,,�� '#,;:J,!J!t�ll :<1-:f:\l,f,'�:J:'),;\'\·';·/;�r,{;�/,(:: ,(: ;(,1-�.1':t'.. :ro-c-,Y,-t \'J � #,'�.tt .b:..Jiir--="� �U!!,:U::il""uA�• ..,...,.7-..,a;. :P� .. *�vt,r M,.;;,i.� �.�.,,_�t,. '•, l -'· .,,.� � ... .1 ,.;>, �, /tA/J C�.,.A..:,-J'"'�� ·a:• 1:I:.l"J /J 'I'ffl.�ffl'-*ifJ.iSl,:iYtr."1'l1�fiigM.:t{::\r,:··:;,:_:;;;�_?-�-/r, tC-1J-1i�1f�.1J��fi:;Jg�� -R�ffvntfmim.7.7, ffi;/J, m;$!, atitx-t!IfAi�)J;.,jgf£.{iiJ5l*:I-J7 tffiiJ � !¥],re��-11, �-jj S}j Tft �ii !m tf. (!{J �:Y� •

10.8.This Agreement may be executed in one or more duplicate counterparts and when executed by all of the Parties shall constitute a single binding agreement. * tf1'� m� �tb.rr-1-��-tfDM � rr. 3Jrrfl° ��A ffl!tE�ff lt-t, * }1; �� :tg�-+Jt1E-A:ff f-.JJRf.1!at1J-�.

10.9. Neither Party hereto shall be liable for any failure to perform its obligations under this Agreement due to a Force MaJeure event. In the event of Force Majeure the Parties shall evaluate the obligations affected by the Force Majeure event, and shall mutuallv agree in writing on the measures to be taken or on the effect of such Force Majeure event on the Parties' obligations hereunder. The Parties may agree that performance of a Party's obligations shall be suspended during the period of existence of such Force MaJeure event as wen as the period reasonably required thereafter to resume the perfunnance of the obligation. The Parties shall use their best reasonable efforts to minimize the consequences of this Force Majeure. In the event of Force Majeure the Parties, shall discuss and mutually agree on the continued co-operation between the parties, including the necessity of termination of this Agreement. �n$�ffljjcfflmr��ttnitl£��r��§�*��ff�-�� tit:lilJ#t13 � �-Afii�M��i3f �.1J$#��99 )t*i!!:-ffiff ,� e:� � �mi�� ffi1i��x:J'�:vi::b${,��"1�-A.a<J J(,fflllf��. �$ JJ.J.1faJ �fBJ�a:

��m.1.1��tp�mrr�1f�J(.*,�&��½��Mz..e��ff)t

Confidential; Business Services Agreement No. CSRHK201S0102359-CSR HK& TEQUESTA Pagel5of19

*. �1f �Ji;Jc� ��ir.;g jJ �:iFiiT �B�� Iii� ,J,{t. r£�m.1J Mlil, � 1i�M��sffi�M1iU��.��·�tt�ww.

10.10. Nothing expressed or implied In this Agreement is intended or shall be construed to create or extend any <fghts or benefits to any third party, other than the Parties hereto. � 7 *�\!( ��7i, ru! 1-ttJ.� if2 ii��.. ffi:iF�'-7fi!Jl!M HfaJ:ttf�� f!J�{ffaJ��=/i.

10.11. Except to the extent of indemnffication obfigations related to Third Party daims, neither Party hereunder shall be liable for special, incidental, exemplary, Indirect, punitive or consequential damages arising out of a Party's performance or nonperformance under this Agreement, whether based on or daimed under contract, tort (including such Party's own negligence) or any other theory at law or in equity. �7�JIJ�=-1f�MJ!affl:Jl..*fflfi!l,Hfiir-1i:fS!tffi:l!!f&'-1-"Jftf..l�tr��,mrr *it1-� sl �(f]�� .. lftHtr .. �filtt� .. raJtt8(J .. �.vJtt�faJ�W, ,c��Wii-=f�JiHSl: fil{-fr faJ � llff, iE� � ml gul rr '3 <-@. fa 1s a ff.J tt $'cl� if fiiJ Jt-ft!! f! 14t�� ;i�-

11. TEQUESTA Banking details

TE QUEST A ttHrfa g

,, • ... · ... · .. ' ..

Any changes to the above banking details of TEQUESTA will be advised by TEQUESTA to the Company in writing. In the event of the Company receiving what appears to be an instruction from TEQUESTA, amending the TEQUESTA banking details, the Company shall only be entitled to act upon such instruction if it was received in writing from, or confinned in writing with, the signatory to this Agreement. �tt!.ff1if4.!t:J{£faJ}!�, TEQUESTA m �.:fSffiH��iili��?i]. !ln*�ii.lffiJU TEQUESTA �T�� TEQUESTA ifHrffi.ID.trum¼, Rlf�iAWJ�t1J.itltt-J��Al¥.r4SmiiJtl!JI�:1-�mi fi��. *�*��ff��m¼.

12. Bindir,g Efrngr-.Jsi!t.1

With effect from the Agreement Date, this Agreement shall become unconditional and a legal,valid and binding obligation of each of the Parties.��BMg, *��U�,½�,��n��*·

13. �ignature in counterparts

Confidential: Business Services Agreement No. CSRHK201501023S9 • CSR HK & TEQUESTAPage16of19

.. -----=----

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t I

•

f'1 l � •• ., ...... « " • ,. .• ft f "15 •"., d �J l,. •- 11 I_,. • • ", - •·� J �· �, ,,..

-·� tu It .. 'f i' ·� i -t •' '\ t t•·"- c: � l "f" "''" • ., • ! r� • • •·• ·� -- •

t. '/} ..{ ..{ t 1� � • T !' r i. i - - J. * :·: W tl � If .. . P. ii ,t ff', � ·"; <1> .i *

Cn:nf;d.,."ti · �h1-:irt� i.-;� -'t-_.,. ,.,., c::::::1.l� • :-��,�-=== r;� ::i.� -r: ff'.:'�

"!:!r 1 • rr · �

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IN WITNESS WHEREOF the Parties have executed this Agreement on the date and at the place mentioned below. tt in: fl}l�1ft£:tzrrf a<J B M,ftHtk.�:!: 5 * ttJ. i:S{.

SIGNED AT :£if-r

__,5,=b,"""""-"""2'""',_ki..,,,:;.,.....__ ON THIS THE

For and on behalf ofTE'"'u��.,.riJ� P LIMITED: �:« TEQUESTA �(al�

OAYOF

Name: Mr. Salim Essa tt�:

Designation: Director �f;F: ff

SIGNED AT �tr-r

For and on behalfof ft�F*1$ (=i!fji) fit

,·

�l Yv�1

18™

DAYOF

_M;.;.;;..;;.AY�-- 2015

......;.;.;M.;...AY ___ 2015

Confidential: Business Services Agreement No. CSRHK201S0102359 - CSR HK & TEQUESTA Page18of19

Aft. t,J.t.44.4F Jl Jt .. :

� • r

.. . . .

Annexure-A

Statement of Advisory Services to be provided by TEQUESTA to the Company in respect of the Project as defined in Clause 1.1 of this Agreement TEQUESTA ia1*ff.!!tt£-*tt.l-U 1.1 �,aJ(.�JY!f§ii/!iJta�§�Jm*f,J;Bl!,ll

TEQUESTA, with Its long subsisting relationships Tn the territory of South Africa has agreed to provide the Company with the following services as part of its Advisory and Consulting Services on the Project TE QUEST A, -t£ "iff �I:� P31f :ir�Wrff t:t tru �� , Bi2 faJ:;: inJ * 'ilJ il1JHzcfF ,m� :7:7*>!Ji s ffi raJ .ftl §ffilm� tf.1--$?}-:

1. Advise the Company on the regulatory, social, cultural and political framework in SouthAfrica with respect to the Project;�-r *1;rn1 , iaJ ¾ ?iJ gt��.. f± �, Jt-ft��ta:fi!J 8�iSl:

2. Identify the various opportunities of participation in various Government and Privateprojects, leading to the shortlisting and focus on the current Project as contemplated inthis Agreement;��-�4fiafi�&A��-�, m�•AR�4#•�*��-��§tt�13;

3. Oosely co-ordinate with the d�siii.mlft?d authorities to comprehend the applicableGovernment policies and advtss th� iC:"lr!;pany accordingly to ensure smooth execution ofthe Project;��•unBm��. 7��m��g��'�*�•••��m•�B��1'r;

4. Provide consultancy en participating in the Tenders and bidding processes related to theProject on an ongoing basis;�*�ij. ��ua��§�:

s. Assist the Company In negotiating with the Client on pricing levels in relation to theProject;�*�§L, fflM��F�ff��l.

6. Assist the Company in Increasing their footprint in Government and Private Projects inSouth Africa.WI W11} irJ m i9i-7:Ei¥f �l:il&if.f *1 �Al!li § cp ��it:

It is hereby noted and agreed between the parties that the above services are provided as a preProject service and will condude on the Company signing the Contract for the Project with the Client The Company wilJ not require any proof of delivery of the above services since it is understood that the Project would not have materialized without the active efforts ofTEQUESTA to provide the Services listed above. ��S. �Lm��$Mm**�1}��ffl��-� iij �fill �,jt f:fJiiJ W, J:..ffa� .f.j'(fJYE�. 1"251 ;lg �::1.f � �, �� ti:1f TEQU EST A fg;t& g j]�,Gt W, J:.JtllYJlt'-JJJUh ��J.!t.

Confidential: Business Setvices Agreement No. CSRH1<20150102359. CSR HK & T£QUESTA of19

csr (hong kong) co., ltd. (reg. no.: 39133264-000-04-14 …...whereas: -=f: a.tequesta, with its...

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