DATED April 2002 TRENCH LIMITED AND SHANGHAI INSTRUMENT TRANSFORMER WORKS CO LTD SHANGHAI SITICO INTERNATIONAL TRADING COMPANY AND MWB (SHANGHAI) CO LTDLicence Agreement • March 26th, 2003 • Trench Electric Bv • General industrial machinery & equipment • Hong Kong
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.
EQUITY TRANSFER AGREEMENTEquity Transfer Agreement • March 26th, 2003 • Trench Electric Bv • General industrial machinery & equipment
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”).
