Trench Electric Bv – CIBC World Markets CIBC WORLD MARKETS PLC Cottons Centre Cottons Lane London, England SE1 2QL Tel: 44 (0)20 7234 4127 Fax: 44 (0)20 7407 4127 (March 25th, 2004)FACILITIES AGREEMENT DATED 18 APRIL 2000 AS AMENDED AND RESTATED ON 20 JUNE 2000 AND MADE BETWEEN TRENCH ELECTRIC HOLDING B.V. (AS PARENT) (1), THE COMPANIES LISTED IN SCHEDULE II THERETO (AS ORIGINAL BORROWERS) (2), THE COMPANIES LISTED IN SCHEDULE III THERETO (AS GUARANTORS AND CHARGING COMPANIES) (3), CIBC WORLD MARKETS PLC, BARCLAYS BANK PLC, CREDIT LYONNAIS AND NM ROTHSCHILD & SONS LIMITED (AS BANKS) (4), CIBC WORLD MARKETS PLC (AS ARRANGER) (5), CIBC WORLD MARKETS PLC (AS ISSUING BANK) (6), CIBC WORLD MARKETS PLC (AS AGENT) (7), CANADIAN IMPERIAL BANK OF COMMERCE (AS CANADIAN LENDER) (8) AND CIBC WORLD MARKETS PLC (AS SECURITY AGENT) (9), AS AMENDED BY A SIDE LETTER DATED 29 NOVEMBER 2000, A SIDE LETTER DATED 12 JANUARY 2001, A SIDE LETTER DATED 12 JULY 2001 AND A SIDE LETTER DATED 7 MARCH 2002, A SIDE LETTER DATED 8 SEPTEMBER 2002 AND A SIDE LETTER DATED ON OR ABOUT THE DATE HEREOF OF 2002 (THE “FACILITIES AGREEMENT”)
Trench Electric Bv – CIBC World Markets CIBC WORLD MARKETS PLC Cottons Centre Cottons Lane London, England SE1 2QL Tel: 44 (0)20 7234 4127 Fax: 44 (0)20 7407 4127 (March 25th, 2004)We refer to the above Facilities Agreement and to the proposal of the Trench Group addressed to the Agent dated 16 August 2002 to increase the shareholding of Trench (U.K.) Limited in the Fushun Joint Venture from 50.4% to 65% (the “Proposal").
Trench Electric Bv – 24th March 2004 Trench Electric Holding B.V. Prof JH Bavincklaan 7 1183 Amstelveen PO Box 7827 1008 AA Amsterdam The Netherlands Attn: Michael Bissell Dear Sir Re: Trench Electric Holding B.V. Facilities Agreement dd 18th April 2000 (March 25th, 2004)We refer to clause 17.1(g) of the above mentioned agreement and your letter addressed to CIBC World Markets plc dated 15 March 2004 and we confirm having received majority bank consent to waive the one-time overspend on the Shanghai Capital Expenditure in respect of the Trench Capital Expenditure Covenant 2003.
Trench Electric Bv – CIBC World Markets CIBC WORLD MARKETS PLC Cottons Centre Cottons Lane London, England SE1 2QL Tel: 44 (0)20 7234 4127 Fax: 44 (0)20 7407 4127 (March 25th, 2004)We refer to the above Facilities Agreement and to the Trench Group Bank Presentation dated 22 November 2000 (the “Presentation”). Unless a contrary intention appears, terms and expressions defined in the Facilities Agreement shall have the same meanings when used in this letter and references to clauses and schedules of the Facilities Agreement.
Trench Electric Bv – CIBC World Markets CIBC WORLD MARKETS PLC Cottons Centre Cottons Lane London, England SE1 2QL Tel: 44 (0)20 7234 4127 Fax: 44 (0)20 7407 4127 (March 25th, 2004)FACILITIES AGREEMENT DATED 18 APRIL 2000 AS AMENDED AND RESTATED ON 20 JUNE 2000 AND MADE BETWEEN TRENCH ELECTRIC HOLDING B.V. (AS PARENT) (1), THE COMPANIES LISTED IN SCHEDULE II THERETO (AS ORIGINAL BORROWERS) (2), THE COMPANIES LISTED IN SCHEDULE III THERETO (AS GUARANTORS AND CHARGING COMPANIES) (3), CIBC WORLD MARKETS PLC, BARCLAYS BANK PLC, CREDIT LYONNAIS AND NM ROTHSCHILD & SONS LIMITED (AS BANKS) (4), CIBC WORLD MARKETS PLC (AS ARRANGER) (5), CIBC WORLD MARKETS PLC (AS ISSUING BANK) (6), CIBC WORLD MARKETS PLC (AS AGENT) (7), CANADIAN IMPERIAL BANK OF COMMERCE (AS CANADIAN LENDER) (8) AND CIBC WORLD MARKETS PLC (AS SECURITY AGENT) (9) (AS FURTHER AMENDED FROM TIME TO TIME THE “FACILITIES AGREEMENT”)
Trench Electric Bv – KNOW-HOW LIZENZVERTRAG (March 25th, 2004)HV hat im Juni 1998 von der Siemens AG Deutschland deren Geschäft über Resonanzdrosselspulen zu Prüfzwecken und Erdschlusslöschspulen (letztere werden nachfolgend kurz als E-Spulen bezeichnet), einschließlich der Siemens-Tauchkernspulen-Konstruktionen nachfolgend Siemens-Konstruktion genannt) und der damit verbundenen Fertigungstechnologie, übernommen und betreibt seitdem Entwicklung, Konstruktion, Produktion, Vertrieb und Service auf eigene Rechnung. Zwischenzeitlich wurde die Siemens-Konstruktion von HV weiterentwickelt ( diese nachfolgend HV-Konstruktion genannt), die ebenso wie die Übernahme des ursprünglichen Geschäftes teilweise mit öffentlichen Fördermitteln unterstützt, aber hinsichtlich der Weiterentwicklung erst geringfügig vermarktet wurde. Weiters besteht ein bereits abgewickelter Lizenzvertrag der HV mit der Firma ELCO, Israel, vom
Trench Electric Bv – TRENCH ELECTRIC B.V. CHARTER OF THE AUDIT COMMITTEE (March 25th, 2004)The Audit Committee shall have at least two but no more than five members. In addition, the Audit Committee shall contain at least one member considered to be an “audit committee financial expert” in accordance with the rules issues by the SEC further to section 407 of the Sarbanes-Oxley Act of 2002.
Trench Electric Bv – CIBC World Markets CIBC WORLD MARKETS PLC Cottons Centre Cottons Lane London, England SE1 2QL Tel: 44 (0) 20 7234 4127 Fax: 44 (0) 20 7407 4127 (March 25th, 2004)We refer to the above Facilities Agreement and to the Trench Group Bank Presentation dated 22 November 2000 (the “Presentation”). Unless a contrary intention appears, terms and expressions defined in the Facilities Agreement shall have the same meanings when used in this letter and references to clauses and schedules of the Facilities Agreement.
Trench Electric Bv – CIBC World Markets CIBC WORLD MARKETS PLC Cottons Centre Cottons Lane London, England SE1 2QL Tel: 44 (0)20 7234 4127 Fax: 44 (0)20 7407 4127 (March 25th, 2004)Facilities Agreement dated 18 April 2000 as amended and restated on 20 June 2000 and made between Trench Electric Holding B.V. (as Parent) (1), the Companies listed in Schedule II thereto (as Original Borrowers) (2), the Companies listed in Schedule III thereto (as Guarantors and Charging Companies) (3), CIBC World Markets Plc, Barclays Bank PLC, Credit Lyonnais and NM Rothschild & Sons Limited (as Banks) (4), CIBC World Markets Plc (as Arranger) (5), CIBC World Markets Plc (as Issuing Bank) (6), CIBC World Markets Plc (as Agent) (7), Canadian Imperial Bank of Commerce (as Canadian Lender) (8) and CIBC World Markets Plc (as Security Agent) (9) as amended from time to time (the “Facilities Agreement”)
Trench Electric Bv – CIBC World Markets CIBC WORLD MARKETS PLC Cottons Centre Cottons Lane London, England SE1 2QL Tel: 44 (0)20 7234 4127 Fax: 44 (0)20 7407 4127 (March 25th, 2004)Unless a contrary intention appears, terms and expressions defined in the Facilities Agreement shall have the same meanings when used in this letter and references to clauses and schedules in this letter are references to clauses and schedules of the Facilities Agreement.
Trench Electric Bv – Contract No.: 02190 (March 26th, 2003)For the purposes of this Agreement, SITW shall be referred to as the “Licensee” unless otherwise provided. SITICO shall act as the agent of the Licensee only for the import of the Shunt Reactor Technology and Know-how, which shall only be obliged to perform the payment obligations and other related commercial obligations as agent for SITW related to the import of the Shunt Reactor Technology and Know-how. SITICO shall not acquire any rights in relation to this Shunt Reactor Technology and Know-how as a result of entering into this Agreement. SITICO will not be responsible for any breach by the Licensee and the Joint Venture Company.
Trench Electric Bv – Contract No.: 02188 (March 26th, 2003)For the purposes of this Agreement, SITW shall be referred to as the “Licensee” unless otherwise provided. SITICO shall act as the agent of the Licensee only for the import of the Series Reactor Technology and Know-how, which shall only be obliged to perform the payment obligations and other related commercial obligations as agent for SITW related to the import of the Series Reactor Technology and Know-how. SITICO shall not acquire any rights in relation to this Series Reactor Technology and Know-how as a result of entering into this Agreement. SITICO will not be responsible for any breach by the Licensee and the Joint Venture Company.
Trench Electric Bv – Contract No.: 02189 (March 26th, 2003)For the purposes of this Agreement, SITW shall be referred to as the “Licensee” unless otherwise provided. SITICO shall act as the agent of the Licensee only for the import of the Line Trap Technology and Know-how, which shall only be obliged to perform the payment obligations and other related commercial obligations as agent for SITW related to the import of the Line Trap Technology and Know-how. SITICO shall not acquire any rights in relation to this Line Trap Technology and Know-how as a result of entering into this Agreement. SITICO will not be responsible for any breach by the Licensee and the Joint Venture Company.
Trench Electric Bv – EQUITY TRANSFER AGREEMENT (March 26th, 2003)PARTIES: Fushun Electric Porcelain Works, an enterprise organised and existing pursuant to the Laws of the People’s Republic of China (“PRC”), and registered with the Fushun Municipality Administration of Industry and Commerce, Liaoning Province with its legal address at 2 Liquan Road, Xinfu District, Fushun, Liaoning Province, PRC (“Transferor”).