Lenovo 2013 Annual Report Download - page 109
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2012/13 Annual Report Lenovo Group Limited 107
Continuing Connected Transactions (continued)
Details of the CCT Agreements are set out below:
Supply Agreement
Date: February 28, 2011
Parties: NEC and NEC Personal Products, Ltd. (“NECP”), a wholly owned subsidiary of NEC (whose
rights and obligations were transferred to NEC Personal Computers, Ltd. (“NECPC”), a
member of the JVCo Group, on and following the Closing Date)
Services provided/received: The supply of certain “NEC” branded personal computer products to NEC.
Term: For a period of five years commencing from the Closing Date or until the date on which NEC
no longer holds any shares in JVCo, whichever the earlier.
Annual caps: 1/7/2011 – 31/3/2012 : JPY65,018 million (US$786,717,800)
1/4/2012 – 31/3/2013 : JPY88,132 million (US$1,066,397,200)
1/4/2013 – 31/3/2014 : JPY89,650 million (US$1,084,765,000)
1/4/2014 – 31/3/2015 : JPY91,179 million (US$1,103,265,900)
1/4/2015 – 31/3/2016 : JPY92,719 million (US$1,121,899,900)
1/4/2016 – 1/7/2016 : JPY23,180 million (US$280,478,000)
Transitional Services Agreement
Date: May 30, 2011
Parties: The Company and NEC
Services provided/received: Services to be provided by NEC Group to JVCo Group and vice versa including business
infrastructure related services, development & production services, sales related services,
maintenance & support services, real estate services and information technology services.
Term: For a period of five years commencing from the Closing Date or until the mutual agreement
of the parties to early terminate the agreement, whichever the earlier.
Annual cap: Annual fees for services provided to JVCo Group by NEC Group (payable to NEC):
1/7/2011 – 31/3/2012 : JPY23,793 million (US$287,895,300)
1/4/2012 – 31/3/2013 : JPY32,351 million (US$391,447,100)
1/4/2013 – 31/3/2014 : JPY32,791 million (US$396,771,100)
1/4/2014 – 31/3/2015 : JPY33,220 million (US$401,962,000)
1/4/2015 – 31/3/2016 : JPY33,660 million (US$407,286,000)
1/4/2016 – 1/7/2016 : JPY8,415 million (US$101,821,500)
Annual fees for services provided to NEC Group by the JVCo Group (payable from NEC):
1/7/2011 – 31/3/2012 : JPY7,070 million (US$85,547,000)
1/4/2012 – 31/3/2013 : JPY9,504 million (US$114,998,400)
1/4/2013 – 31/3/2014 : JPY9,592 million (US$116,063,200)
1/4/2014 – 31/3/2015 : JPY9,691 million (US$117,261,100)
1/4/2015 – 31/3/2016 : JPY9,790 million (US$118,459,000)
1/4/2016 – 1/7/2016 : JPY2,448 million (US$29,620,800)