RECEIVABLES DISCOUNTING AGREEMENT

RECEIVABLES DISCOUNTING AGREEMENT (THE “RPA”) DATED 1 January 2021 BETWEEN, AMONGST OTHERS TEXAS INSTRUMENTS (SHANGHAI) CO., LTD. AND HSBC BANK (CHINA) COMPANY LIMITED, SHANGHAI BRANCH (“HSBC”)

This letter constitutes notice to you that, by virtue of the operation and effect of the RPA, Texas Instruments (Shanghai) Co., Ltd. has assigned to HSBC all its existing and future receivables, claims and other rights (the Receivables) in connection with supply or provision of goods or services owing by you.

All payments due from you under the Receivables must be paid, from the date of this notice, to HSBC for its own account as follows:

  • Account Bank: HSBC Bank (China) Company Limited, Shanghai Branch
  • Account Name: Texas Instruments (Shanghai) Co.,Ltd
  • Account Number: 715-138285-011

Your payment obligations under the Receivables will only be duly discharged when payment has been made to this account.