Lenovo 2014 Annual Report Download - page 121
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119
2013/14 Annual Report Lenovo Group Limited
CONTINUING CONNECTED TRANSACTIONS (continued)
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(Note 1):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)
NEC Fielding Agreement
Date: January 15, 2004
Parties: NEC Fielding Ltd., a subsidiary of NEC, and NECP (whose rights and obligations
were transferred to NECPC, a member of the JVCo Group, on and following the
Closing Date)
Services provided/received: NEC Fielding Ltd. agreed to provide maintenance and other ancillary services for
certain equipments sold by the JVCo Group following the Closing Date.
Term: The initial term ended on March 31, 2004 and is automatically renewed for
additional one-year term unless either party gives prior termination notice.
Annual cap(Note 1):1/7/2011 – 31/3/2012 : JPY2,665 million (US$32,246,500)
1/4/2012 – 31/3/2013 : JPY3,553 million (US$42,991,300)
1/4/2013 – 31/3/2014 : JPY3,553 million (US$42,991,300)
1/4/2014 – 31/3/2015 : JPY3,553 million (US$42,991,300)
1/4/2015 – 31/3/2016 : JPY3,553 million (US$42,991,300)
1/4/2016 – 1/7/2016 : JPY888 million (US$10,744,800)