I suspected this cheap theli would eventually break down and I would be stranded somewhere so I took measures and got a duplicate made.
The key maker charged me 4K, (I didn't bargain), for a duplicate key. He had these empty RFID chips. He scanned the code from the Honda theli using a handheld scanner and burned it onto the empty chip. It only took a minute to do so. He placed the chip inside the key and closed it.
The only downside is that the key is a simple (one without unlock buttons) but works perfectly. The OEM key with buttons has no room inside for the chip to fit inside.
Side Note: BTW the empty chip he used in the duplicate key was not as big has the one inside the imobi theli (judging from the pictures). It was very tiny.