1
EXHIBIT 10.2
CONSENT OF GUARANTOR
The undersigned, Orient Power Holdings Limited, a Bermuda company
("Orient Power"), for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, hereby consents to the foregoing
Fifth Amendment to License Agreement ("Fifth Amendment") and reaffirms its
guarantee of the performance by Jiangsu Electronics Industries Limited ("Jiangsu
Electronics") or any sublicensee of Jiangsu Electronics (Jiangsu Electronics and
any sublicensee are hereinafter collectively referred to as "Jiangsu") of all of
Jiangsu's obligations under (a) the Fifth Amendment and (b) that certain License
Agreement between Xxxx Corporation, as Licensor, and Trabelco N.V., as Licensee,
dated November 15, 1991, as amended by an Amendment to License Agreement dated
November 15, 1991, and a Second Amendment to License Agreement dated September
29, 1995, and a Third Amendment and Assignment of License Agreement dated as of
March 31, 1997 between Trabelco N.V., Jiangsu Electronics, Xxxxxxxxx Electronics
(N.A.), Inc., Xxxxxxxxx Consumer Products, Inc. d/b/a/ Xxxx Electronics
Products, KCP Limited and Xxxx Corporation, and a Fourth Amendment to License
Agreement dated May 29, 1998 (collectively, that certain License Agreement and
the amendments thereto are hereinafter collectively referred to as the "License
Agreement"). Orient Power also guarantees the payment to Xxxx Corporation of any
and all amounts owed to Xxxx Corporation by Jiangsu under the Fifth Amendment
and the License Agreement, including but not limited to, the royalty obligations
and indemnity obligations of Jiangsu thereunder.
ORIENT POWER HOLDINGS LIMITED
Dated: March 30, 2001 By: /s/ Xxxx Xx Xxxx
------------------- --------------------------------------------
Name:
-------------------------------------------
Title: Chief Executive Officer
-------------------------------------------
