Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions. LICENSE AGREEMENT

Exhibit No. 10.1

Confidential Materials omitted and filed separately with the

Securities and Exchange Commission. Asterisks denote omissions.

LICENSE AGREEMENT

This License Agreement (“Agreement”) is made June 10, 2003 between Sumitomo Electric Industries, Ltd. (“SEI”), a Japanese corporation having its principal place of business at 0-00 Xxxxxxxx, 0-xxxxx, Xxxx-xx, Xxxxx Xxxxx, and American Superconductor Corporation (“AMSC”), a Delaware corporation having its principal place of business at Two Technology Drive, Westborough, MA 01581-1727.

WITNESSETH:

WHEREAS, SEI has been engaged in the development of Bi Based Superconductor products and has acquired a substantial number of patents in respect thereof;

WHEREAS, AMSC desires to obtain, and SEI is willing to grant a license with respect to AMSC making, using, or selling Products hereinafter defined under certain such patents owned by SEI in accordance with the terms and conditions herein;

WHEREAS, AMSC has been engaged in the development of Bi Based Superconductor products and has acquired a substantial number of patents in respect thereof;

WHEREAS, SEI desires to obtain, and AMSC is willing to grant a license with respect to SEI making, using, or selling Products hereinafter defined under certain such patents owned by AMSC in accordance with the terms and conditions herein; and

WHEREAS, SEI and AMSC desire to avoid patent related disputes and seek opportunities to work on cable opportunities in the United States and in Europe in good faith;

NOW, THEREFORE, the Parties agree as follows:

ARTICLE 1

In this Agreement, including Exhibits, unless the context otherwise requires:

a) words denoting the singular shall include the plural and vice versa;

b) words denoting persons shall include corporations and vice versa;

c) words denoting any gender shall include all genders; and

d) headings are for convenience only and shall not affect interpretation.

ARTICLE 2 (DEFINITIONS)

In this Agreement, the following words and phrases shall have the following meanings, unless the context clearly requires otherwise:

2.1 Assignment Date

“Assignment Date” shall mean the date when AMSC assigns this Agreement to a third party as described in Article 16.

2.2 Competitor

“Competitor” means a manufacturer of electric power transmission and/or distribution cables.

2.3 Consideration Territory

“Consideration Territory” is the United States of America, Canada, Germany, United Kingdom, France, Italy, Australia and New Zealand.

2.4 Effective Date

“Effective Date” shall mean October 1, 2002.

2.5 Existing Patents

“Existing Patents” shall mean all the Patents listed in Exhibit A and their continuations, continuations-in-part, and divisionals.

2.6 Fair Market Value

“Fair Market Value” shall mean, with respect to any Product or Wire Product sold, leased or put into use, the selling price of the Product or Wire Product, or, in the case of a Product or Wire Product embedded as a component of a larger product, the equivalent selling price which a seller would realize from an unaffiliated buyer in an arm’s length sale of the most nearly identical Product or Wire Product in the same quantity and at the same time and place as such sale, lease or putting into use.

In determining selling price, the following may be excluded:

(a) packaging costs;

(b) costs of insurance and transportation;

(c) import, export, excise, sales and value-added taxes, and customs duties;

(d) royalties owed to third parties.

2.7 Future Patents

“Future Patents” shall mean all existing and future Patents:

(a) which directly or indirectly claim priority from a date on or before the Last Priority Date,

(b) which are owned by a Party or Affiliate or under which a Party has a right to grant a license or sublicense without the need to receive the approval of a third party, and

(c) which are not included in Exhibit A or Exhibit B.

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For avoidance of doubt, Future Patents include patents filed by third parties but later owned by a Party, or for which a Party was later granted a license with the right to grant a royalty-free sublicense to others, including at least the other Party herein.

Any Patents filed by third parties for which a Party is later granted a license with the right to grant a royalty-bearing sublicense to others, including at least the other Party herein shall be excluded from the Future Patents. However, each Party hereto grants to the other Party hereto an option to sublicense any patent directed to the design and/or manufacture of wires, coils, and/or current leads per se with respect to which it may obtain a license with the right to grant royalty-bearing sublicenses, at any time subsequent to the execution of this Agreement. The terms and conditions of such royalty-bearing sublicense later granted by one Party to the other Party hereto shall be subject to the terms of the patent license to the one Party but otherwise consistent with the terms and conditions of the Future Patent license granted hereunder, and the royalty terms and conditions shall be no less favorable than the sublicensing royalty terms and conditions of the patent license to the one Party.

2.8 Have Made Right

“Have Made Right” shall mean the right, under a license granted to a Party under this Agreement, to have a third party make for the Party (i) portions of Wire Products that have in total a Fair Market Value less than [**]% of that of the Wire Product of which such portions are to become a part and (ii) Products or portions of Products, other than Wire Products, if the Wire Products used in such Products are a Party’s Wire Products.

2.9 Last Priority Date

“Last Priority Date” is December 31, 2007.

2.10 Licensed Equipment

“Licensed Equipment” shall mean equipment or products sold by a Manufacturing Customer which contain Products purchased directly or indirectly from AMSC or its Affiliates and for which Manufacturing Customer’s sales price, from which packaging, insurance, transportation, and duties and taxes are subtracted, of such equipment or product is at least [**] times higher than the Fair Market Value of the Products contained therein. In the case AMSC’s existing SuperMachines Business Unit (“SuperMachines BU”) or SuperMachines Subsidiary (defined below) intend to export its products to Japan, Licensed Equipment shall also mean Rotating Machinery Products exported by SuperMachines BU or SuperMachines Subsidiary to Japan, provided that the Fair Market Value of such Rotating Machinery Products is at least [**] times higher than the Fair Market Value of the Wire Products contained in such Rotating Machinery Products. Licensed Equipment excludes Wire Products and electric power cables per se.

2.11 Manufacturing Customer

“Manufacturing Customer” shall mean a non-Japanese manufacturer outside Japan, including any Future AMSC Subsidiary but excluding AMSC itself, AMSC’s Subsidiaries and Affiliates, except for the Future AMSC Subsidiaries, who directly or indirectly purchase Products from AMSC or its Affiliates and use such Products to produce Licensed Equipment. Notwithstanding the foregoing, SuperMachines BU and SuperMachines Subsidiary may be considered as a Manufacturing Customer with respect

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to and solely to the extent that Rotating Machinery Products shipped by it to Japan constitute Licensed Equipment pursuant to Article 2.10.

2.12 Party and Related Entities

The word “Party” shall mean SEI or AMSC, as the case may be.

“Affiliate” of a Party shall mean (i) any Subsidiary of such Party, or (ii) the Parent Company of such Party.

“Subsidiary” or “Subsidiaries” of a Party shall mean a corporation, limited liability company, partnership or other legal entity (a) fifty percent (50%) or more of whose shares or other securities entitled to vote for election of directors (or other managing authority) is now or hereafter controlled by such Party either directly or indirectly; or (b) in cases in which the entity does not have outstanding shares or securities, fifty percent (50%) or more of whose ownership interest representing the right to manage such entity is now or hereafter owned and controlled by such Party either directly or indirectly; provided that any such corporation or other legal entity shall be deemed to be a “Subsidiary” of such Party only as long as such control or ownership exists.

“Parent Company” of a Party shall mean a corporation or other legal entity of which such Party is a Subsidiary.

Notwithstanding the foregoing, [**] corporation having its principal place of business at [**] shall be excluded from being a Subsidiary of SEI.

Irrespective of the above limitations on the meaning of Subsidiary, a Subsidiary of AMSC shall include any separate legal entity incorporating substantially all of the assets of AMSC’s SuperMachines BU (such separate legal entity shall be referred to herein as the “SuperMachines Subsidiary”), provided that the sublicense or waiver granted to it under Article 3 shall be limited to the field of rotating machinery and provided that such entity is not a Competitor of SEI and is not majority owned by a Competitor of SEI and provided further that AMSC shall cause the SuperMachines Subsidiary, to the extent it can do so, not to xxx SEI in any forum for infringement by Products of any of the SuperMachines Subsidiary’s Existing Patents or Future Patents. If the SuperMachines Subsidiary sues SEI in any forum for infringement by Products of any of the SuperMachines Subsidiary’s Existing Patents or Future Patents, any sublicense and waiver of suit granted to the SuperMachines Subsidiary, pursuant to Articles 3.1, 3.2 or 3.5 of this Agreement, shall cease immediately.

“Future AMSC Subsidiary” shall mean an AMSC Subsidiary who becomes an AMSC Subsidiary during the term of this Agreement by means of the acquisition of the stock or ownership interest of such Manufacturing Customer and who was a Manufacturing Customer prior to such acquisition.

2.13 Patents

“Patents” or “Patent” shall mean any and all patents worldwide issuing from patent applications directly or indirectly claiming priority to a date before the Last Priority Date, and further including design patents and utility models directly or indirectly claiming priority to a date before the last Priority Date.

2.14 Pirelli

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“Pirelli” shall mean Pirelli S.p.A., an Italian corporation having its principal place of business at Xxxxx Xxxxx, 000-00000 Xxxxxx Xxxxx.

2.15 License Fee for Pirelli

“License Fee for Pirelli” shall mean [**] US dollars (US$[**]) which is paid by Pirelli to SEI in consideration of the license to Pirelli as described in Article 3.6.

2.16 Products and Wire Products

“Products” shall mean Bi-based superconducting wires, and magnets, coils and current leads including Bi-based superconducting wires. For clarity, Products do not include other products which incorporate Bi-based wires, magnets, coils or current leads as a component of a larger system.

“Wire Products” shall mean Bi-based superconducting wires. For clarity, Wire Products exclude magnets, coils, current leads and other products, but include the Wire Products contained in any magnet, coil, current lead or other product.

“Rotating Machinery Products” shall mean superconducting rotating machines, including but not limited to motors, generators and dynamic synchronous condensers. Rotating Machinery Products shall also mean superconducting coils per se, intended for use in rotating machinery applications.

2.17 Sub-Contractor

“Sub-Contractor” shall mean a subcontractor of a Manufacturing Customer.

2.18 Then Current Future Patents

“Then Current Future Patents” shall mean only Future Patents which directly or indirectly claim priority from a date on or before the Assignment Date.

2.19 Territory

“SEI’s Territory” shall mean worldwide.

“AMSC’s Territory” shall mean worldwide except Japan.

“Territory” shall mean “SEI’s Territory” or “AMSC’s Territory” as the case may be.

ARTICLE 3 (GRANT FROM SEI TO AMSC)

3.1 SEI hereby grants to AMSC a royalty-bearing license under the Existing Patents of SEI to make, use, sell and offer to sell Products and Products contained in products in AMSC’s Territory, with the right of AMSC to grant sub-licenses under that license only to its Subsidiaries. AMSC shall write notes in the terms and conditions of sale of the Products “This product is not licensed for sale, or lease in Japan,” and notify its customers that the Products may not be exported to Japan except in the form of Licensed Equipment. A Have Made Right for Products under the Existing Patents of SEI is also granted to AMSC.

3.2 SEI hereby grants to AMSC a worldwide, non-exclusive, royalty-free license under the Future Patents of SEI to make, use, sell and offer to sell Products and Products contained in products, with the right of AMSC to grant sub-licenses under that license only to its

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Subsidiaries. A Have Made Right for Products under the Future Patents of SEI is also granted to AMSC. For the avoidance of doubt, the license to make, use, sell and offer to sell Products contained in products is limited to the Products themselves and does not include a license to a combination of the Products with the products in which they are contained.

3.3 Any sub-license granted by AMSC pursuant to this Article will become effective only after notification to SEI of the sublicense, providing in that notification the name of the sublicensee and information to establish that it is a Subsidiary of AMSC.

3.4 SEI will not xxx in any forum a Manufacturing Customer, or its direct or indirect customers, for infringement by Products under Patents listed in Exhibit B, Existing Patents, or Future Patents of SEI, with respect to Licensed Equipment sold by a Manufacturing Customer worldwide including Japan. In addition to the foregoing, SEI will not xxx in Japan a Manufacturing Customer who brings Products sold by AMSC or its Affiliates outside of Japan into Japan to have a Sub-Contractor in Japan assemble Licensed Equipment, provided that the Licensed Equipment sold in Japan is sold by such Manufacturing Customer under such Manufacturing Customer’s name. For avoidance of doubt, SEI may xxx a Manufacturing Customer or Sub-Contractor for infringement by products for a reason other than that such products include Products.

3.5 During the period beginning with the Effective Date and ending with the expiration of all the Existing Patents and Future Patents of SEI, SEI will not xxx AMSC or its Affiliates in any forum for infringement by Products of any of its Existing Patents, Future Patents or co-owned Patents, whether covered by grants hereunder or not, for making, using, selling, and offering to sell Products or equipment containing Products in AMSC’s Territory except to the extent that SEI has a now existing obligation to cooperate with a co-owner or licensor of any such patents and such co-owner or licensor requires SEI to xxx AMSC or to assist such co-owner or licensor to exercise its patent rights against AMSC. Exhibit C lists the co-owned Existing Patents in respect of which SEI has such obligation. Further SEI shall notify from time to time AMSC of any co-owned Future Patents in respect of which SEI will have such obligation. The agreement not to xxx under this paragraph shall extend to third parties to the extent that the activities of such third parties are exercising a Have Made Right for AMSC or its Affiliates. For the avoidance of doubt, SEI may xxx AMSC or its Affiliates for infringement by equipment for a reason other than that such equipment includes Products.

3.6 SEI hereby agrees to grant to Pirelli a Patent license as set forth in Exhibit D, which shall be executed by SEI and Pirelli prior to or on the same day of this Agreement and effective as of the Effective Date; provided any such grant to Pirelli will not become exercisable until a License Fee for Pirelli is paid by Pirelli to SEI.

3.7 SEI shall cooperate with AMSC in good faith to register the non-exclusive license of any of the Patents granted herein in any country, provided that AMSC bears the cost of such registration.

ARTICLE 4 (GRANT FROM AMSC TO SEI)

4.1 AMSC hereby grants to SEI a royalty-bearing license under the Existing Patents of AMSC to make, use, sell and offer to sell Products and Products contained in products in

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SEI’s Territory, with the right of SEI to grant sub-licenses under that license only to its Subsidiaries. A Have Made Right for Products under the Existing Patents of AMSC is also granted to SEI.

4.2 AMSC hereby grants to SEI a worldwide, non-exclusive, royalty-free license under the Future Patents of AMSC to make, use, sell and offer to sell Products and Products contained in products, with the right of SO to grant sub-licenses under that license only to its Subsidiaries. A Have Made Right for Products under the Future Patents of AMSC is also granted to SEI. For the avoidance of doubt, the license to make, use, sell and offer to sell Products contained in products is limited to the Products themselves and does not include a license to a combination of the Products with the products in which they are contained.

4.3 Any sub-license granted by SEI pursuant to this Article will become effective only after notification to AMSC of the sublicense, providing in such notification the name of the sublicensee and information to establish that it is a Subsidiary of SEI.

4.4 During the period beginning with the Effective Date and ending with the expiration of all the Existing Patents and Future Patents of AMSC, AMSC will not xxx SEI or its Affiliates in any forum for the infringement by Products of any of its Existing Patents, Future Patents or co-owned Patents, whether covered by grants hereunder or not, for making, using, selling and offering to sell Products or equipment containing Products in SEI’s Territory except to the extent that AMSC has a now existing obligation to cooperate with a co-owner or licensor of any such patent and such co-owner or licensor requires AMSC to xxx SEI or to assist such co-owner or licensor to exercise its patent rights against SEI. Exhibit C lists the co-owned Existing Patents in respect of which AMSC has such obligation. Further AMSC shall notify from time to time SO of any co-owned Future Patents in respect of which AMSC will have such obligation. The agreement not to xxx under this paragraph shall extend to third parties to the extent that the activities of such third parties are exercising a Have Made Right for SO or its Affiliates. For the avoidance of doubt, AMSC may xxx SEI or its Affiliates for infringement by equipment for a reason other than that such equipment includes Products.

4.5 AMSC shall cooperate with SEI in good faith to register the non-exclusive license of any of the Patents granted herein by AMSC in any country, provided that SEI bears the cost of such registration.

4.6 Certain of AMSC’s Existing Patents are Patents which it exclusively licenses from the Massachusetts Institute of Technology (MIT) pursuant to an AMSC and MIT License Agreement effective as of July 6, 1987 and attached hereto as Exhibit E. The exclusivity period extends until the expiration of the last to expire of the MIT Patents listed in Exhibit A. AMSC has the right to sublicense such Patents to SEI provided SEI agrees to the sublicensing obligations AMSC has to MIT under the AMSC and MIT License Agreement. Therefore, SEI agrees that in order for the sublicense to become and remain effective it agrees to all of the terms and conditions of the AMSC and MIT License Agreement applicable to it as if it were a party to that Agreement. Notwithstanding the above, a) AMSC agrees that it will pay to MIT any royalties or other amounts due to MIT as a result of the sublicense granted to SEI, and SEI has no obligation to pay these

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royalties, and b) reporting requirements shall be those specified in the present Agreement between SEI and AMSC.

ARTICLE 5 (TERM OF AGREEMENT)

This Agreement shall become effective on the Effective Date, and, unless sooner terminated as provided in this Agreement, shall be in full force until all of the Existing Patents and Future Patents of both Parties expire.

ARTICLE 6 (SECRECY)

6.1 Nothing in this Agreement shall be construed as conferring upon either Party or its Subsidiaries any right to include in advertising, packaging or other commercial activities related to Products, any reference to the other Party (or any of its Subsidiaries), its trade names, trademarks or service marks in a manner which would be likely to cause confusion or to indicate that such Products are in any way endorsed or certified by the other Party hereto or its Subsidiaries.

6.2 The Parties hereto shall not disclose the contents of this Agreement to any third party, except as required by law, government regulation or court order, or as required to meet requirements of AMSC’s exclusive license agreements with MIT and Industrial Research Limited/Superlink and AMSC’s agreements with Pirelli. In addition, AMSC and its Affiliates may disclose the contents of this Agreement to their distributors and Manufacturing Customers, but only to the extent required to convey to distributors and Manufacturing Customers their rights and obligations as set forth in Articles 2.10, 2.11, 3.1 and 3.4, provided that such distributors and Manufacturing Customers agree in writing to be bound by confidential obligations and shall not disclose the contents of this Agreement to any third parties except for SEI or AMSC and their Affiliates, and in the case of distributors to their manufacturing customers under written confidentiality agreements.

ARTICLE 7 (CONSIDERATION)

7.1 In consideration of the license under Existing Patents of SEI granted under Article 3 herein to AMSC, AMSC shall pay to SEI an amount equal to [**] percent of the Fair Market Value of Wire Products, and of Wire Products contained in Products, made, sold, or leased by AMSC, and AMSC’s sublicensees under Article 3.1 or 3.2, in the Consideration Territory. Only one royalty shall be due with respect to any given Wire Product or Wire Product contained in a Product, irrespective of the number of different countries in the Consideration Territory where such Wire Product or Product is made, sold or leased, and irrespective of the value of the product of which the Product may be a part. When all of the Existing Patents expire in all of the countries of the Consideration Territory where a given Product is made, sold, or leased, then no payment set forth above for that Product will be required, but the payment obligation in other countries in the Consideration Territory where unexpired Existing Patents exist shall remain for Products made, sold, or leased in those other countries. No payment obligation will be required on any Product outside the Consideration Territory. The payments due hereunder for Products made, sold, or leased during the period from January 1 to June 30 of any year

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shall be made by September 1 of that year, and the payments for Products made, sold, or leased during the period from July 1 to December 31 of any year shall be made by March 1 of the next year. At the time of each payment AMSC shall furnish SEI with a detailed report setting forth the basis for the payment.

7.2 In consideration of the license under Existing Patents of AMSC granted under Article 3 herein to SEI, SEI shall pay to AMSC an amount equal to [**] percent of the Fair Market Value of Wire Product, and Wire Products contained in Products, made, sold or leased by SEI and SEI’s sublicensees under Article 4.1 or 4.2 in the Consideration Territory. Only one royalty shall be due with respect to any given Wire Product or Wire Product contained in a Product, irrespective of the number of different countries in the Consideration Territory where such Wire Product or Product is made, sold, or leased, and irrespective of the value of the product of which the Product may be a part. When all of the Existing Patents expire in all of the countries of the Consideration Territory where a given Product is made, sold, or leased, then no payment set forth above for that Product will be required, but the payment obligation in other countries in the Consideration Territory where unexpired Existing Patents exist shall remain for other Products made, sold, or leased in those other countries. No payment obligation will be required on any Product outside the Consideration Territory. The payments due hereunder for Wire Products made, sold, or leased during the period from January 1 to June 30 of any year shall be made by September 1 of that year, and the payments for Products made, sold, or leased during the period from July 1 to December 31 of any year shall be made by March 1 of the next year. At the time of each payment SEI shall furnish AMSC with a detailed report setting forth the basis for the payment.

7.3 In consideration of the license under the Existing and Future Patents of SEI granted to AMSC under Article 3, AMSC shall pay to SEI an amount of [**] US dollars (US$[**]) on or before ten (10) business days after the last signature date of this Agreement (the “Signature Date”). Further, on or before July 11, 2003, AMSC shall pay to SEI an additional [**] US dollars (US$[**]). Also, on or before ten (10) business days after Signature Date, each Party shall pay to the other Party all royalties due, if any, pursuant to Articles 7.1 and 7.2 from the Effective date through the Signature Date. AMSC shall pay SEI an additional amount of [**] US dollars (US$[**]) by the later of April 10, 2004 or within ten (10) business days after an Agreement between AMSC and SEI sublicensing to AMSC Bi-based superconductor patents which includes the patents [**] is signed by both Parties (“The Third Payment”). This Agreement will continue in full force and effect, subject to the termination provisions of Article 9, and all royalty payments due pursuant to Articles 7.1 and 7.2 shall continue to be due irrespective of whether [**] has been signed by the Parties. If the [**] is not and will not be signed by the Parties, then AMSC shall have no obligation to pay The Third Payment to SEI pursuant to this Article.

7.4 All payments due to AMSC under this Agreement shall be non-refundable and shall be remitted in US dollars at the then current rate of exchange, by telegraphic transfer to the following account of AMSC:

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Fleet National Bank

Xxx Xxxxxxx Xxxxxx

Xxxxxx, XX 00000

XXX

000-000-000 (ABA #)

[**] (Account #)

American Superconductor Corporation (Account Name)

7.5 All payments due to SEI under this Agreement shall be non-refundable and shall be remitted by telegraphic transfer in United States Dollars to the following account of SEI:

Sumitomo Mitsui Banking Corporation

Osaka Head Office

6-5, Kitahama 4-chome, Xxxx-xx,

Xxxxx, 000-0000, Xxxxx

Account No.: [**]

7.6 All taxes payable as a result of the payment of the monies due to SEI in accordance with this Article 7 shall be borne by SEI. If required to deduct tax at source from any payments made to SEI, AMSC shall provide SEI with a statement or certificate showing the amount of tax so paid in respect of the said monies duly signed by an appropriate tax official.

7.7 All taxes payable as a result of the payment of the monies due to AMSC in accordance with this Article 7 shall be borne by AMSC. If required to deduct tax at source from any payments made to AMSC, SEI shall provide AMSC with a statement or certificate showing the amount of tax so paid in respect of the said monies duly signed by an appropriate tax official.

ARTICLE 8 (NO LICENSE EXCEPT FOR PRODUCTS)

AMSC and SEI hereby agree that the licenses contemplated herein shall not constitute or imply any license or agreement with respect to any products other than Products, nor a license with respect to any other patents except the Existing Patents and Future Patents, nor any agreement with respect to any other patents except the Existing Patents and Future Patents.

ARTICLE 9 (TERMINATION)

9.1 Either Party (the “Initiating Party”) may terminate the license and waiver of suit granted to the other Party (the “Breaching Party”) by written notice to the Breaching Party on or at any time after one of the following events occur. The license and waiver granted the Breaching Party is automatically terminated at the time of the occurrence of any of the events set forth in section (b), (c) or (d):

(a) the Breaching Party committing a remediable breach under this License Agreement and failing to remedy the breach within two (2) months starting on the day after receipt of written notice from the Initiating Party giving details of the breach and requiring the Breaching Party to remedy the breach;

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(b) the Breaching Party passing a resolution for its winding-up, a court of competent jurisdiction making an order for the Breaching Party’s winding-up or the presentation of a petition for the Breaching Party’s winding-up (other than, in each case, for the purposes of solvent amalgamation or reconstruction and in such manner that the entity resulting from the amalgamation or reconstruction effectively agrees to be bound by or assume the Breaching Party’s obligations under this Agreement);

(c) the making of an administrative order in relation to the Breaching Party or the appointment of a receiver over, or an encumbrancer taking possession of or selling an asset of the Breaching Party;

(d) the Breaching Party making an arrangement or composition with its creditors generally or making an application to a court of competent jurisdiction for protection from its creditors generally (including, without limitation, proceedings under chapter 11 of the US Bankruptcy Code);

(e) the direct or indirect control of [**]% or more of the Breaching Party’s voting shares by any person, firm, corporation or organization (including persons or parties acting in concert), which is a Competitor of the non-Breaching Party.

9.2 In the event of termination of the license and waiver as set forth in Article 9.1, the license and waiver granted to the Initiating Party survives for the term set forth in Article 5, whether or not the Breaching Party retains ownership of the Existing Patents or Future Patents, provided that the Initiating Party continues to satisfy all of its obligations under this Agreement.

ARTICLE 10 (ARBITRATION)

10.1 The Parties shall attempt to settle all disputes, differences or claims between the Parties arising from this Agreement in an amicable fashion. Should, however, a mutually agreed solution to any such dispute, difference or claim not be found possible, the Parties shall submit the matter to arbitration. The arbitration shall be conducted by three (3) arbitrators, one to be appointed by each Party and a third being nominated by the two arbitrators so selected or, if they cannot agree on a third arbitrator, appointed in accordance with the Commercial Arbitration Rules of the London Court of International Arbitration.

The arbitration will be conducted in English and in accordance with the Commercial Arbitration Rules of the London Court of International Arbitration, which shall administer the arbitration and act as appointing authority. The arbitration, including the rendering of the award, shall take place in London, England, and shall be the exclusive forum for resolving such dispute, controversy or claim. For the purposes of any arbitration, the provisions of this Agreement and all rights and obligations thereunder shall be construed in accordance with the laws of England. The decision or decisions resulting from any such arbitration shall be binding upon the Parties, and the expense of the arbitration (including without limitation the award of attorneys’ fees to the prevailing party) shall be paid as the arbitrators determine. The decision of the arbitrators shall be executory and judgment thereon may be entered in any court of competent jurisdiction.

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10.2 Until a decision is made by the arbitrators both Parties agree to take no action which may upset the status quo or prejudice the respective positions of the Parties in respect of the matter in controversy except for such actions as may otherwise be permitted by the terms of this Agreement.

ARTICLE 11 (NOTICES)

Any notice given under this Agreement (“Notice”) shall be deemed to have been duly and sufficiently given for all purposes, if made initially by facsimile, and then also sent by registered or certified air mail, postage prepaid, addressed to the Party to whom the Notice is to be sent at the address for the Party set forth below. Each Party may change its address for receipt of notices by Notice to the other Party in accordance with this Article 11. Notice becomes effective upon mailing by registered or certified mail. If, however, such Notice is not initially sent by facsimile, such Notice does not become effective until the date the registered or certified mail is actually received.

If addressed to AMSC:

Director of Intellectual Property

American Superconductor Corporation

Two Technology Drive, Westborough, MA 01581-1727

U.S.A.

If addressed to SEI:

General Manager

Legal Department

Sumitomo Electric Industries, Ltd.

0-00 Xxxxxxxx, 0-xxxxx, Xxxx-xx, Xxxxx

Xxxxx

ARTICLE 12 (CONTINUING OBLIGATIONS)

The obligations to keep information confidential and to submit disputes to arbitration as set out in Articles 6 (Secrecy) and 10 (Arbitration) respectively shall continue indefinitely, unless and until such information is no longer secret or there are no outstanding claims between the Parties.

ARTICLE 13 (FORCE MAJEURE)

13.1 Either Party shall be relieved of its obligations hereunder to the extent that it is hindered or prevented from carrying them out by reason of force majeure.

13.2 For the purpose of this Agreement, force majeure signifies any event or circumstance and its direct consequence which is beyond the reasonable control of the Party invoking this Article 13. Such events or circumstances include but are not limited to: fire, floods, earthquake, war, industrial disputes, strikes, lockouts, explosions, acts of God and actions of the government(s).

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13.3 The Party invoking this Article 13 shall without delay advise the other Party of the force majeure event or circumstance preventing or hindering it from carrying out its obligations under this Agreement and shall also notify the other Party as soon as possible of all the facts and obligations it is able to meet only with delay, indicating the period of delay to be expected.

13.4 If the event or circumstance of force majeure results in delay of less than six (6) months, the Parties are obliged to adhere to this Agreement subject however to reasonable extensions of time for contract obligations to be met and the period of payment called for in this Agreement shall be extended appropriately to take account of any stoppages caused by reasons of force majeure. If force majeure results in an extension of due date for payment under Article 7 for more than six (6) months, the Parties shall consult together on the action to be taken. If they fail to reach agreement, then recourse will be had to arbitration in accordance with Article 10 hereof for liquidation of the contractual relations between the Parties.

ARTICLE 14 (GOVERNING LAW)

This Agreement shall be interpreted in accordance with the laws of England.

ARTICLE 15 (INTERPRETATION)

15.1 This Agreement shall be executed in the English language. No translation, if any, of this Agreement into any other language shall be of any force or effect in the interpretation of this Agreement or in determination of the intent of either of the Parties.

15.2 This Agreement may only be amended in writing signed by the duly authorized representatives of the Parties and this Agreement constitutes the entire agreement of the Parties on the matter to which it relates and there are no understandings, representations or warranties of any kind between the Parties except as expressly set forth herein.

15.3 Should any of the provisions of this Agreement be void for whatever reason, the validity of the remaining provisions shall thereby not be affected. In such case the Parties shall upon mutual consent replace the ineffective provisions by another provision which is as close in meaning as possible.

ARTICLE 16 (ASSIGNMENT)

16.1 This Agreement is personal to each of the Parties and may not be assigned by either Party without the prior written consent of the other Party which consent will not be unreasonably withheld. Notwithstanding the foregoing, without the consent of the other Party, either Party may assign this Agreement and all of its rights and obligations in connection with the sale or assignment of substantially all of the business and assets of the assigning Party to which this Agreement relates. However, no such assignment of this Agreement and all of the rights and obligations hereunder in connection with the assignment of substantially all of the business and assets of the assigning Party to which this Agreement relates may be made to any third party (“Assignee”) unless, such Assignee agrees in writing effective as of the Assignment Date, that all of Assignee’s existing and future patents and applications which have an earliest priority date on or

13

before the Assignment Date and which are directed to Bismuth-based wire, magnets, coils and current leads are included as Future Patents of the assigning Party, and agrees further that as of the Assignment Date, any and all license rights and promises not to xxx with respect to Future Patents of the non-assigning Party directed to Bismuth-based wire, magnets, coils and current leads as described in Articles 3 and 4 of this Agreement shall thereafter be limited to Then Current Future Patents.

16.2 The assigning Party, promptly after the assignment as provided for under Article 16.1, shall notify the other Party by written notice of such assignment, and such notice shall include the name and location of and the name of the representative of the Assignee.

16.3 In the case of an assignment by a Party of all of its Patents covered under this Agreement to any assignee under this Agreement pursuant to Article 16.1, the assigning Party shall impose its licensing obligations and promises not to xxx contained in Articles 3 and 4 of this Agreement on assignee with respect to any Existing Patents, or Then Current Future Patents.

16.4 In the case of an assignment by SEI of any of its Patents covered under this Agreement to a third party (Third Party Assignee) not as part of an assignment of all of SEI’s rights and obligations under this Agreement pursuant to Section 16.1, SEI shall impose its licensing obligations and its promises not to xxx contained in Article 3 of this Agreement on the Third Party Assignee with respect to such assigned Patents. For the avoidance of doubt, the license and waiver from such Third Party Assignee shall be royalty free and the royalty obligations of AMSC shall remain payable only to SEI under the terms of this Agreement.

16.5 In the case of an assignment by AMSC of any of its Patents covered under this Agreement to a third party (Third Party Assignee) not as part of an assignment of all of AMSC’s rights and obligations under this Agreement pursuant to Section 16.1, AMSC shall impose its licensing obligations and its promises not to xxx contained in Article 3 of this Agreement on the Third Party Assignee with respect to such assigned Patents. For the avoidance of doubt, the license and waiver from such Third Party Assignee shall be royalty free and the royalty obligations of SEI shall remain payable only to AMSC under the xxxxx of this Agreement.

IN WITNESS WHEREOF, this Agreement has been signed on behalf of the Parties hereto.

Sumitomo Electric Industries, Ltd.
By:		/s/ Xxxxxxxx Xxxxxxxxx
		Xxxxxxxx Xxxxxxxxx
Date:		June 10, 2003
American Superconductor Corporation
By:		/s/ Xxxxxx X. Xxxxxxxxxx
		Xxxxxx X. Xxxxxxxxxx
Date:		June 27, 2003

14

Solely Owned		Exhibit A
Wire and Process		SEI Patents

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

US

1986/6/17

07/063228

1987/6/17

5006289

1991/4/9

US

1986/6/17

07/606850

1990/10/31

5114641

1992/5/19

US

1986/6/17

07/883368

1992/5/15

5252288

1993/10/12

US

1986/6/17

08/355814

1994/12/14

5480601

1996/1/2/

2

AU

1987/2/5

11422/88

1988/2/5

1988/8/11

597148

1990/9/11

DE

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/5

DE

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

EP

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

EP

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/6

FR

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/5

FR

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

GB

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/5

GB

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

IT

1987/2/5

91119826.5

1988/2/5

47566

1992/3/18

475466

2002/6/5

IT

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

LI

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

[**]

[**]

[**]

[**]

US

1987/2/5

08/851312

1997/5/5

5981444

1999/11/9

3

DE

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

EP

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

FR

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

GB

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

US

1987/2/28

08/056615

1993/5/4

5786305

1998/7/28

4

US

1987/4/17

07/438986

1989/11/20

5100865

1992/3/31

5

US

1987/4/2

07/942481

1991/9/9

5550102

1996/8/27

6

DE

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

EP

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

FR

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

GB

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

US

1987/5/1

07/189366

1988/5/2

5122507

1992/6/16

US

1987/5/1

07/884137

1992/5/18

5338721

1994/8/16

US

1987/5/1

08/906855

1997/8/6

6301774

2001/10/16

US

1987/5/1

08/906855

1997/8/6

6301774

2001/10/16

US

1987/5/1

08/200540

1994/2/22

5424282

1995/6/13

7

US

1987/7/28

07/225207

1988/7/28

5030616

1991/7/9

8

US

1987/8/3

08/122178

1993/9/17

5409890

1995/4/25

9

AU

1988/8/29

39596/89

1989/8/15

1990/3/1

611051

1991/9/25

DE

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

EP

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

FR

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

GB

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

IT

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

LI

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

US

1988/8/29

08/459624

1995/6/2

5639714

1997/6/17

US

1988/8/29

08/747133

1996/11/12

6276048

2001/8/21

10

DE

1989/1/26

90101530.5

1990/1/25

380115

1994/9/21

EP

1989/1/26

90101530.5

1990/1/25

380115

1990/8/1

380115

1994/9/21

FR

1989/1/26

90101530.5

1990/1/25

380115

1994/9/21

GB

1989/1/26

90101530.5

1990/1/25

380115

1994/9/21

[**]

[**]

[**]

[**]

US

1989/1/26

08/999675

1997/10/14

6357105

2002/3/19

11

AU

1989/12/28

68479/90

1990/12/24

1991/7/4

646419

1994/6/10

DE

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

EP

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

FR

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

GB

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

IT

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

[**]

[**]

[**]

[**]

US

1989/12/28

08/955323

1997/10/20

6311384

2001/11/6

12

US

1990/3/16

08/283498

1994/8/1

5670459

1997/9/23

US

1990/3/16

08/858842

1997/5/19

5910222

1999/6/8

13

DE

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

EP

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

FR

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

GB

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

IT

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

LI

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

US

1990/3/26

08/385240

1995/2/8

5610123

1997/3/11

14

US

1990/3/30

08/747881

1996/11/13

6205345

2001/3/20

[**]

[**]

[**]

V

15

US

1990/7/16

08/291237

1994/8/16

5508254

1996/4/16

16

AU

1990/7/16

80310/91

1991/7/10

1992/1/16

647801

1994/7/19

DE

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

EP

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

FR

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

GB

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

IT

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

LI

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

US

1990/7/16

08/376461

1995/1/20

5877125

1999/3/2

17

DE

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

EP

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

FR

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

GB

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

IT

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

LI

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

US

1990/8/8

07/742255

1991/8/8

5236891

1993/8/17

18

DE

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

EP

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

FR

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

GB

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

IT

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

LI

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

US

1990/9/10

07/757103

1991/9/10

5378684

1995/1/3

US

1990/9/10

08/316262

1994/9/29

5663120

1997/9/2

19

AU

1991/1/19

10229/92

1992/1/14

1992/7/23

646538

1994/6/10

DE

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

EP

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

FR

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

GB

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

IT

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

LI

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

US

1991/1/19

08/167581

1993/12/15

2002- 0050053

2002/5/2

20

AU

1991/2/25

11018/92

1992/2/18

1992/8/27

653983

1995/2/15

DE

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

EP

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

FR

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

GB

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

IT

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

LI

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

US

1991/2/25

08/446349

1995/5/22

5949131

1999/9/7

US

1991/2/25

09/112970

1998/7/9

6194226

2001/2/27

21

US

1991/3/20

08/186219

1994/1/25

5434130

1995/7/18

22

AU

1991/3/20

13053/92

1992/3/19

1992/9/24

654529

1995/2/28

US

1991/3/20

08/479898

1995/6/7

5869430

1999/2/9

23

AU

1991/3/20

13034/92

1992/3/19

1992/9/24

650956

1994/10/25

DE

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

EP

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

FR

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

GB

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

IT

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

US

1991/3/20

07/854127

1992/3/19

5369088

1994/11/29

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

US

1991/3/20

08/295297

1994/8/24

5462920

1995/10/31

24

AU

1992/2/20

33148/93

1993/2/19

1993/8/26

663355

1996/1/23

DE

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

EP

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

FR

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

GB

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

IT

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

US

1992/2/20

08/019976

1993/2/19

5358929

1994/10/25

25

DE

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

DK

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

EP

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

FR

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

GB

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

IT

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

US

1995/4/7

08/627281

1996/4/4

6305069

2001/10/23

US

1995/4/7

09/954577

2001/9/18

2002- 0028749

2002/3/7

26

EP

1996/3/26

97105031.5

1997/3/25

798749

1997/10/1

US

1996/3/26

08/823907

1997/3/25

5929000

1999/7/27

US

1996/3/26

09/055287

1998/4/6

6192573

2001/2/27

27

AU

1996/5/13

19090/97

1997/4/24

1997/11/20

727324

2001/3/22

EP

1996/5/13

97106381.3

1997/4/17

807994

1997/11/19

807994

2002/8/14

[**]

[**]

[**]

[**]

US

1996/5/13

09/941104

2001/8/28

2002- 0020546

2002/2/21

6414244

28

EP

1997/2/25

98103197.4

1998/2/24

860705

1998/8/26

US

1997/2/25

09/028929

1998/2/24

5936394

29

EP

1997/2/27

98905635.3

1998/2/25

1018748

200/7/12

[**]

[**]

[**]

[**]

WO

1997/2/27

PTC/JP98/0 0754

1998/2/27

WO98/386 50

1998/9/3

30

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

US

1998/4/28

09/264570

1999/3/8

6311385

31

EP

1998/7/30

99114300.9

1999/7/30

977282

2000/2/2

US

1998/7/30

09/363816

1999/7/30

US-2001- 0017220

2001/8/30

6337307

[**]

[**]

[**]

[**]

32

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

WO

1999/2/26

PCT/JP00/0 0952

2000/2/18

WO00/527 81

2000/9/8

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

33

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

34

[**]

[**]

[**]

[**]

EP

1999/12/28

403701.6

2000/12/28

1113508

2001/7/4

[**]

[**]

[**]

[**]

35

[**]

[**]

[**]

[**]

EP

1999/12/28

403702.4

2000/12/28

EP111350 7A2

2001/7/4

[**]

[**]

[**]

[**]

36

[**]

[**]

[**]

[**]

EP

1999/11/4

971734.9

2000/11/1

1158543

2001/11/28

HK

1999/11/4

1109218.6

2000/11/1

1039396A

2002/4/19

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

37

EP

2000/4/25

1401033.4

2001/4/24

1150362

2001/10/31

HK

2000/4/25

1108327.6

2001/11/27

1037784A

2002/2/15

US

2000/4/25

09/820870

2001/3/30

2001- 0044385

2001/11/22

38

[**]

[**]

[**]

[**]

EP

2000/2/22

1400472.5

2001/2/22

1128447

2001/8/29

HK

2000/2/22

1108125.0

2001/11/17

1037274A

2002/2/1

[**]

[**]

[**]

[**]

39

[**]

[**]

[**]

[**]

EP

2000/7/14

1401877.4

2001/7/13

1172868

2002/1/16

[**]

[**]

[**]

[**]

TW

2000/7/14

90116220

2001/7/3

157041

2002/9/27

US

2000/7/14

09/903622

2001/7/13

2002- 0022576

2002/2/21

40

[**]

[**]

[**]

[**]

EP

2000/8/29

1402252.9

2001/8/29

1187233

2002/3/13

US

2000/8/29

09/920947

2001/8/3

2002- 0073298

2002/4/18

41

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

42

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

Magnet Application

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

AU

1989/11/14

66627/90

1990/11/14

1991/5/23

642681

1994/2/22

DE

1989/11/14

90121806.5

1990/11/14

428993

1991/5/29

428993

1995/5/10

EP

1989/11/14

90121806.5

1990/11/14

428993

1991/5/29

428993

1995/5/10

FR

1989/11/14

90121806.5

1990/11/14

428993

1991/5/29

428993

1995/5/10

GB

1989/11/14

90121806.5

1990/11/14

428993

1991/5/29

428993

1995/5/10

IT

1989/11/14

90121806.5

1990/11/14

428993

1991/5/29

428993

1995/5/10

LI

1989/11/14

90121806.5

1990/11/14

428993

1991/5/29

428993

1995/5/10

US

1989/11/14

07/612023

1990/11/13

5340943

1994/8/23

2

DE

1990/8/24

91114090.3

1991/8/22

472197

1992/2/26

472197

1994/12/21

EP

1990/8/24

91114090.3

1991/8/22

472197

1992/2/26

472197

1994/12/21

FR

1990/8/24

91114090.3

1991/8/22

472197

1992/2/26

472197

1994/12/21

GB

1990/8/24

91114090.3

1991/8/22

472197

1992/2/26

472197

1994/12/21

US

1990/8/24

08/301923

1994/9/6

5506198

1996/4/9

3

AU

1991/4/2

13948/92

1992/3/31

1992/10/8

654339

1995/2/21

US

1991/4/2

08/385571

1995/2/8

5512867

1996/4/30

4

DE

1996/5/13

97107591.6

1997/5/7

807939

1997/11/19

807939

2001/10/17

EP

1996/5/13

97107591.6

1997/5/7

807939

1997/11/19

807939

2001/10/17

FR

1996/5/13

97107591.6

1997/5/7

807939

1997/11/19

807939

2001/10/17

GB

1996/5/13

97107591.6

1997/5/7

807939

1997/11/19

807939

2001/10/17

US

1996/5/13

08/848464

1997/5/8

5861788

1999/1/19

5

EP

1996/7/19

97112288.2

1997/7/17

820071

1998/1/21

820071

2002/1/9

US

1996/7/19

08/897605

1997/7/21

5787714

1998/8/4

6

EP

1997/5/8

98108366

1998/5/7

877395

1998/11/11

US

1997/5/8

09/073953

1998/5/7

6081179

2000/6/27

7

EP

1997/10/24

98119952.4

1998/10/21

911839

1999/4/28

US

1997/10/24

09/176327

1998/10/22

6094333

2000/7/25

Current Lead

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

DE

1987/3/31

88105209.6

1988/3/30

285147

1988/10/5

285147

1993/3/31

EP

1987/3/31

88105209.6

1988/3/30

285147

1988/10/5

285147

1993/3/31

FR

1987/3/31

88105209.6

1988/3/30

285147

1988/10/5

285147

1993/3/31

GB

1987/3/31

88105209.6

1988/3/30

285147

1988/10/5

285147

1993/3/31

US

1987/3/31

07/174468

1988/3/28

4965247

1990/10/23

2

US

1989/8/9

07/564217

1990/8/7

5114908

1992/5/19

3

US

1990/4/13

07/935664

1992/8/24

5276281

1994/1/4

Exhibit A

AMSC Patents

Solely Owned/Exclusively Licensed

BSCCO/PIT Wire and Process

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

AU

03/27/1987

74273/91

03/01/1988

642,229

03/01/1988

AU

03/27/1987

12529/88

03/01/1988

605,251

04/29/1991

CA

03/27/1987

562311

02/24/1988

1,340,849

12/14/1999

JP

03/27/1987

236643/93

03/22/1988

2-691126

01/29/1997

US

03/27/1987

07/031,407

03/27/1987

4,826,808

05/12/1989

US

03/27/1987

07/061,233

06/10/1987

5,204,318

04/20/1993

US

03/27/1987

07/879,155

04/30/1992

5,189,009

02/23/1993

US

03/27/1987

08/056,605

05/03/1993

5,439,880

08/08/1995

US

03/27/1987

08/273,408

07/11/1994

5,545,613

08/14/1996

US

03/27/1987

08/414,288

03/31/1995

5,643,856

07/01/1997

US

03/27/1987

08/819,285

03/18/1997

5,883,052

03/16/1999

2

US

10/16/1989

07/422,227

10/16/1989

5,116,810

03/02/1992

3

DE

06/30/1992

P69331631.4

06/24/1993

DE 69331631

02/06/2003

EP

06/30/1992

93916729.2

06/24/1993

648,379

04/19/1995

648,379

01/17/2002

FR

06/30/1992

93916729.2

06/24/1993

648,379

04/19/1995

648,379

01/17/2002

GB

06/30/1992

93916729.2

06/24/1993

648,379

04/19/1995

648,379

01/17/2002

IT

06/30/1992

93916729.2

06/24/1993

648,379

04/19/1995

648,379

01/17/2002

US

06/30/1992

08/462,130

06/05/1995

6,218,340

04/17/2001

US

06/30/1992

09/797,487

03/01/2001

2001- 0009888

07/26/2001

6,495,765

12/17/2002

4

Japan

06/24/1993

503095/95

06/23/1994

500351/97

01/14/1997

US

06/24/1993

08/082,093

06/24/1993

5,472,527

12/05/1995

US

06/24/1993

08/469,438

06/06/1995

6,066,599

05/23/2000

5

DE

04/10/1989

89106332.3

04/10/1989

336,450

10/16/1996

EP

04/10/1989

89106332.3

04/10/1989

336,450

10/11/1989

336,450

10/16/1996

EP

04/10/1989

96103591.2

04/10/1989

721,923

07/17/1996

FR

04/10/1989

89106332.3

04/10/1989

336,450

10/16/1996

GB

04/10/1989

89106332.3

04/10/1989

336,450

10/16/1996

NL

04/10/1989

89106332.3

04/10/1989

336,450

10/16/1996

NZ

04/10/1989

224205

04/08/1988

224205/228132

04/11/1989

[**]

[**]

[**]

[**]

US

04/10/1989

09/260,292

03/02/1999

6,121,207

09/19/2000

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

6

US

05/28/1991

08/324,456

10/17/1994

5,618,776

04/08/1997

7

AU

04/01/1993

66640/94

04/01/1994

696,752

08/26/1997

696,752

01/07/1999

DE

04/01/1993

94915352.2

04/01/1994

692,147

01/17/1996

692,147

08/02/2000

DK

04/01/1993

94915352.2

04/01/1994

692,147

01/17/1996

692,147

08/02/2000

EP

04/01/1993

94915352.2

04/01/1994

692,147

01/17/1996

692,147

08/02/2000

FR

04/01/1993

94915352.2

04/01/1994

692,147

01/17/1996

692,147

08/02/2000

GB

04/01/1993

94915352.2

04/01/1994

692,147

01/17/1996

692,147

08/02/2000

IT

04/01/1993

94915352.2

04/01/1994

692,147

01/17/1996

692,147

08/02/2000

JP

04/01/1993

522398/94

04/01/1994

505265/97

05/27/1997

NL

04/01/1993

94915352.2

04/01/1994

692,147

01/17/1996

692,147

08/02/2000

NZ

04/01/1993

266058

04/01/1994

692,147

05/26/1997

266,058

12/03/1997

US

04/01/1993

08/041,822

04/01/1993

5,635,456

06/03/1997

8

US

02/24/1993

08/021,768

02/24/1993

5,455,223

10/03/1995

9

US

05/12/1992

08/744,278

11/06/1996

6,219,901

04/24/2001

10

US

04/28/1995

08/431,705

04/28/1995

5,758,405

06/02/1998

11

US

04/01/1993

08/198,912

02/17/1994

5,661,114

08/26/1997

US

04/01/1993

08/779,808

1/8/1997

5,994,275

11/30/1999

US

04/01/1993

09/451,742

11/30/1999

6,284,712

09/04/2001

US

04/01/1993

09/861,248

05/18/2001

6,436,876

08/20/2002

12

US

04/29/1994

08/235,560

04/29/1994

5,952,270

09/14/1999

US

04/29/1994

09/309,220

05/10/1999

6,400,970

06/04/2002

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

13

US

10/28/1994

08/331,184

10/28/1994

6,295,716

10/02/2001

US

10/28/1994

09/960,189

09/21/2001

2002- 0016265

02/07/2002

14

DE

09/08/1994

95303044.0

09/08/1995

780,024

06/25/1997

780,024

02/27/2002

EP

09/08/1994

95303044.0

09/08/1994

780,024

06/25/1997

780,024

02/27/2002

FR

09/08/1994

95303044.0

09/08/1995

780,024

06/25/1997

780,024

02/27/2002

GB

09/08/1994

95303044.0

09/08/1995

780,024

06/25/1997

780,024

02/27/2002

IT

09/08/1994

95303044.0

09/08/1995

780,024

06/25/1997

780,024

02/27/2002

US

09/08/1994

08/302,601

09/08/1994

6,360,425

03/26/2002

15

AU

06/06/1995

60419/96

07/07/1996

710,960

01/20/2000

[**]

[**]

[**]

[**]

EP

06/06/1995

96918065.2

06/05/1996

832,050

04/01/1998

JP

06/06/1995

09-501291

06/05/1996

11-506866

06/15/1999

NZ

06/06/1995

310093

06/05/1996

310,093

02/08/2000

US

06/06/1995

08/468,089

06/06/1995

6,247,224

06/19/2001

US

06/06/1995

08/843,041

04/11/1997

6,331,675

12/18/2001

[**]

[**]

[**]

[**]

16

AU

01/28/1994

11575/97

11/07/1996

729,277

05/17/2001

[**]

[**]

[**]

[**]

EP

01/28/1994

96942731.9

11/07/1996

860,030

08/26/1998

NZ

01/28/1994

324499

11/07/1996

324,499

02/08/2000

US

01/28/1994

08/553,184

11/07/1995

6,194,352

02/27/2001

17

AU

10/28/1994

62532/96

06/05/1996

697,410

01/21/1999

[**]

[**]

[**]

[**]

DE

10/28/1994

96921276.0

06/05/1996

836,752

03/05/2003

EP

10/28/1994

96921276.0

06/05/1996

836,752

04/22/1998

836,752

03/05/2003

FR

10/28/1994

96921276.0

06/05/1996

836,752

03/05/2003

IT

10/28/1994

96921276.0

06/05/1996

836,752

03/05/2003

GB

10/28/1994

96921276.0

06/05/1996

836,752

03/05/2003

NZ

10/28/1994

311254

06/05/1996

311,254

11/09/2000

US

10/28/1994

08/467,033

06/06/1995

5,942,466

08/24/1999

US

10/28/1994

09/358,245

07/21/1999

6,311,386

11/06/2001

US

10/28/1994

10/061,440

10/25/2001

2002- 0111276

08/15/2002

18

AU

05/19/1995

57956/96

05/16/1996

709,214

12/09/1999

CN

05/19/1995

96195325.X

05/17/1996

1190366

08/12/1998

99,008

12/25/2002

EP

05/19/1995

96914661.2

05/17/1996

828,606

03/18/1998

JP

05/19/1995

8-535057

05/17/1996

11-505365

05/18/1999

US

05/19/1995

08/862,016

05/22/1997

6,038,462

03/14/2000

US

05/19/1995

09/358,167

07/20/1999

6,393,690

05/28/2002

19

DE

11/07/1995

69609289.1-08

10/25/1996

799,593

05/14/1997

779,593

07/12/2000

EP

11/07/1995

96307753.2

10/25/1996

799,593

05/14/1997

779,593

07/12/2000

US

11/07/1995

08/554,693

11/07/1995

5,885,938

03/23/1999

US

11/07/1995

09/274,184

03/23/1999

6,271,475

08/07/2001

20

US

05/21/1996

08/651,688

05/21/1996

6,370,762

04/16/2002

[**]

[**]

[**]

[**]

21

EP

08/30/1996

97938157.1

08/06/1997

979,519

02/16/2000

US

08/30/1996

08/701,333

08/30/1996

5,801,124

09/01/1998

22

EP

08/30/1996

97937022.8

08/06/1997

979,518

08/06/1997

US

08/30/1996

08/705,811

08/30/1996

5,987,342

11/16/1999

US

08/30/1996

09/401,764

09/23/1999

6,230,033

05/08/2001

23

AU

11/07/1995

11165/97

11/06/1996

729,033

05/10/2001

EP

11/07/1995

96941963.9

11/06/1996

860,012

08/28/1998

[**]

[**]

[**]

[**]

NZ

11/07/1995

324089

11/06/1996

324,089

03/09/2000

US

11/07/1995

08/554,814

11/07/1995

6,247,225

06/19/2001

US

11/07/1995

09/769,705

01/25/2001

2001- 0027166

10/04/2001

24

EP

10/15/1996

97308179.7

10/15/1997

837,512

04/22/1998

US

10/15/1996

08/731,302

10/15/1996

6,305,070

10/23/2001

US

10/15/1996

09/815,063

03/22/2001

6,436,875

08/20/2002

25

JP

07/29/1997

98937939.1

05/27/1998

2001- 512282

08/21/2001

US

07/29/1997

08/902,421

07/29/1997

6,370,405

04/09/2002

26

AU

05/21/1996

34732/97

05/21/1997

727,912

01/04/2001

727,912

04/19/2001

[**]

[**]

[**]

[**]

EP

05/21/1996

97930987.9

05/21/1997

902,984

03/24/1999

[**]

[**]

[**]

[**]

US

05/21/1996

08/651,169

05/21/1996

5,798,318

08/25/1998

US

05/21/1996

09/137,733

08/21/1998

6,188,920

02/13/2001

27

US

05/21/1996

08/652,624

05/21/1996

6,205,645

03/27/2001

28

US

03/31/1997

08/831,504

03/31/1997

6,294,738

09/25/2001

29

[**]

[**]

[**]

[**]

US

09/25/1996

08/719,987

09/25/1996

6,397,454

06/04/2002

30

EP

08/30/1996

97938039.1

08/06/1997

951,588

10/27/1999

US

08/30/1996

08/701,375

08/30/1996

6,110,606

08/29/2000

31

EP

06/02/1999

00964889.0

06/02/2000

1,188,191

03/20/2002

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

US

06/02/1999

09/324,229

06/02/1999

6,159,905

12/12/2000

32

EP

02/01/1999

99910945.7

02/01/1999

1,055,258

11/29/2000

[**]

[**]

[**]

[**]

US

02/01/1999

09/240,998

02/01/1999

6,188,921

02/13/2001

33

US

07/29/1997

08/902,588

07/29/1997

6,001,777

12/14/1999

34

AU

09/10/1997

10607/99

03/07/2000

735,543

07/12/2001

735,543

10/25/2001

EP

09/10/1997

98953164.5

09/08/1998

1,021,842

07/26/2000

US

09/10/1997

08/927,006

09/10/1997

6,069,116

05/30/2000

[**]

[**]

[**]

[**]

35

US

09/15/2000

09/953,813

09/17/2001

2002- 0111277

08/15/2002

36

[**]

[**]

[**]

[**]

37

WO

06/18/1998

PCT/NZ99/00095

06/18/1999

entered national phase

EP

06/18/1998

99931620.2

06/18/1999

1,090,398

JP

06/18/1998

06/18/1999

2002- 518287

[**]

[**]

[**]

[**]

38

US

04/29/1994

09/548,258

04/12/2000

6,365,554

04/02/2002

39

US

01/20/2000

09/488,740

01/20/2000

6,339,047

01/15/2002

40

[**]

[**]

[**]

[**]

41

[**]

[**]

[**]

[**]

42

US

09/15/2000

09/954,123

09/17/2001

2003- 0024730

02/06/2003

43

AU

03/25/1997

66127798

09/28/2000

727,072

03/15/2001

[**]

[**]

[**]

[**]

EP

03/25/1997

98907923.1

03/25/1998

970,483

01/12/2000

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

RU

03/25/1997

99121644

03/25/1998

2,183,875

06/20/2002

US

03/25/1997

09/380,115

09/30/1999

6,223,418

05/01/2002

44

EP

07/16/1998

99932685.3

07/15/1999

1,105,744

06/13/2001

1,105,744

09/18/2002

DE

07/16/1998

DE 69903047

07/15/1999

DE

09/18/2002

69903047

FR

07/16/1998

99932685.3

07/15/1999

1,105,744

09/18/2002

IT

07/16/1998

99932685.3

07/15/1999

1,105,744

09/18/2002

GB

07/18/1998

99932685.3

07/15/1999

1,105,744

09/18/2002

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

45

[**]

[**]

[**]

[**]

EP

12/22/1998

99973171.4

11/29/1999

1,135,811

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

46

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

47

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

48

EP

09/14/1999

00960365.5

09/14/2000

1,218,948

07/03/2002

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

49

PCT

11/21/2000

PCT/DK01/00777

11/21/2000

WO 02/43161

05/30/2002

Coils

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

AU

01/28/1994

15558/95

12/27/1994

683,133

02/19/1998

AU

01/28/1994

2861/98

01/30/1998

709,072

12/02/1999

EP

01/28/1994

95907268.7

12/27/1994

741,912

11/13/1996

JP

01/28/1994

7520047

12/27/1994

09-511099

11/04/1997

US

01/28/1994

08/188,220

01/28/1994

5,531,015

07/02/1996

US

01/28/1994

08/674,111

07/01/1996

5,798,678

08/25/1998

[**]

[**]

[**]

[**]

2

AU

01/24/1994

15614/95

01/09/1995

696,169

12/17/1998

AU

01/24/1994

95220/98

02/03/1998

739,105

01/17/2002

CA

01/24/1994

2180738

01/09/1995

DE

01/24/1994

69520939.6

01/09/1995

DE 69520939

05/16/2001

EP

01/24/1994

95907349.5

01/09/1995

741,905

05/16/2001

FR

01/24/1994

95907349.5

01/09/1995

741,905

05/16/2001

IT

01/24/1994

95907349.5

01/09/1995

741,905

05/16/2001

GB

01/24/1994

95907349.5

01/09/1995

741,905

05/16/2001

JP

01/24/1994

7519578

01/09/1995

09-511098

11/04/1997

NZ

01/24/1994

279091

01/09/1995

279,091

06/12/1997

US

01/24/1994

08/192,724

02/07/1994

5,525,583

06/11/1996

US

01/24/1994

08/615,532

03/12/1996

5,914,647

06/22/1999

3

DE

09/07/1994

69517186.0-08

08/23/1995

DE69517186

05/24/2000

EP

09/07/1994

95932332

08/23/1995

781,452

05/24/2000

FR

09/07/1994

95932332

08/23/1995

781,452

05/24/2000

IT

09/07/1994

95932332

08/23/1995

781,452

05/24/2000

GB

09/07/1994

95932332

08/23/1995

781,452

05/24/2000

US

09/07/1994

08/302,358

09/07/1994

5,659,277

08/19/1997

4

AU

10/13/1994

41314/96

10/13/1995

694,296

11/05/1998

[**]

[**]

[**]

[**]

CN

10/13/1994

95195573.X

10/13/1995

89,973

07/24/2002

EP

10/13/1994

95939529.4

10/13/1995

786,141

07/30/1997

JP

10/13/1994

8-513436

10/13/1995

10-507589

04/21/1998

US

10/13/1994

08/323,494

10/13/1994

5,604,473

02/18/1997

5

US

10/13/1994

08/541,639

10/10/1995

5,581,220

12/03/1996

HTS Leads

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

US

10/18/1996

08/730,870

10/18/1996

5,880,068

03/09/1999

2

US

07/29/1996

08/681,840

07/29/1996

5,991,647

11/23/1999

Exhibit B

SEI Patents

Jointly Owned with JST

Wire & Process

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

Co Owner

1

AU

1989/12/7

67804/90

1990/12/6

1991/6/13

653321

1995/1/31

JST

US

1989/12/7

07/960307

1992/10/13

5288699

1994/2/22

JST

2

AU

1991/7/24

23459/92

1992/7/22

1993/2/23

646971

1994/6/23

JST&NIMS

CA

1991/7/24

2092180

1992/7/22

1993/1/25

2092180

1996/12/3

JST&NIMS

CH

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

DE

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

EP

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

FR

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

GB

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

IT

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

LI

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

NL

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

US

1991/7/24

08/345920

1994/11/28

5552376

1996/3/6

JST&NIMS

[

**]

[**]

[**]

[**]

JST&NIMS

3

CH

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

DE

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

EP

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

FR

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

GB

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

IT

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

SE

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

US

1993/5/10

08/955322

1997/10/20

5902774

1999/5/11

JST

4

DE

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

EP

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

FR

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

GB

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

IT

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

US

1993/8/2

08/739908

1996/10/30

6158106

2000/12/12

JST

US

1993/8/2

09/640527

2000/8/17

6272732

2001/8/14

JST

5

DE

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

EP

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

FR

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

GB

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

IT

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

US

1993/12/28

08/365521

1994/12/27

5516753

1996/5/14

JST

6

CH

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

DE

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

EP

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

FR

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

GB

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

IT

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

SE

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

7

EP

1995/10/17

96105964.9

1996/4/16

769819

1997/4/23

JST

[

**]

[**]

[**]

[**]

JST

NIMS Owned

Material

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

Co Owner

[**]

[**]

[**]

[**]

NIMS

DE

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

XXXX

XX

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

FR

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

GB

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

IT

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

XXXX

XX

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

US

1988/1/20

07/293465

1989/1/4

NIMS

Exhibit B

SEI Patents

Solely Owned

Wire & Process

No.

Country

Application No.

File Date

Publication No.

Publicate Date

Patent No.

Issue Date

1

JP

S62148368

6/15/1987

S63310903

12/19/1988

2707524

10/17/1997

2

JP

H08322313

11/18/1996

H09185915

7/15/1997

2996340

10/29/1999

3

JP

S63109325

5/2/1988

H01163910

6/28/1989

2754564

3/6/1998

4

JP

X00000000

8/3/1988

H01152007

6/14/1989

2108366

11/6/1996

5

JP

H01209325

8/12/1989

H03138820

6/13/1991

2636049

4/25/1997

6

JP

H02013092

1/22/1990

H03015116

1/23/1991

3158408

2/16/2001

7

JP

H01341391

12/28/1989

H03204131

9/5/1991

2775946

5/1/1998

8

JP

X00000000

3/16/1990

H03265523

11/26/1991

3089641

7/21/2000

9

JP

H02080421

3/27/1990

H03280308

12/11/1991

3044732

3/17/2000

10

JP

H03051332

3/15/1991

X00000000

8/3/1992

3074753

6/9/2000

11

JP

H03067068

3/29/1991

H04212212

8/3/1992

3248190

11/9/2001

12

JP

H02188496

7/16/1990

H04073822

3/9/1992

3008453

12/3/1999

13

JP

H02211365

8/8/1990

X00000000

3/26/1992

2567505

10/3/1996

14

JP

X00000000

1/19/1991

H04237910

8/26/1992

3149441

1/19/2001

15

JP

H03030398

2/25/1991

H04269471

9/25/1992

3143932

1/5/2001

16

JP

H03056698

3/20/1991

H04292809

10/16/1992

3350935

9/20/2002

17

JP

X00000000

2/20/1992

H05234626

9/10/1993

2998398

11/5/1999

18

JP

H08059184

3/15/1996

H08335414

12/17/1996

19

JP

X00000000

3/26/1996

H09259660

10/3/1997

20

JP

H08117913

5/13/1996

H09306565

11/28/1997

21

JP

H09040887

2/25/1997

H10239260

9/11/1998

3171131

3/23/2001

22

JP

H10119093

4/28/1998

X00000000

11/9/1999

23

JP

2000-019713

1/28/2000

2000-311526

11/7/2000

24

JP

H11127886

5/10/1999

2000-322957

11/24/2000

25

JP

H11185789

6/30/1999

2001-014961

1/19/2001

26

JP

H11373238

12/28/1999

2001-184956

7/6/2001

27

JP

H11373239

12/28/1999

2001-184957

7/6/2001

28

JP

2000-123522

4/25/2000

2001-307566

11/2/2001

29

JP

2000-044291

2/22/2000

2001-236835

8/31/2001

30

JP

2001-038367

2/15/2001

2002-093252

3/29/2002

31

JP

2000-258841

8/29/2000

2002-075091

3/15/2002

32

JP

2000-258753

8/29/2000

2002-075080

3/15/2002

33

[

**]

[**]

[**]

34

JP

S63109327

5/2/1988

S64071022

3/16/1989

2514690

4/30/1996

35

JP

S62073284

3/26/1987

S63239147

10/5/1988

2565894

10/3/1996

36

JP

S62095861

4/18/1987

S63261617

10/28/1988

2590096

12/5/1996

37

JP

H01026096

2/4/1989

H02207416

8/17/1990

2844632

10/30/1998

38

JP

H03056687

3/20/1991

H04292812

10/16/1992

2855869

11/27/1998

39

JP

S63025108

2/5/1988

H01140520

6/1/1989

2877149

1/22/1999

40

JP

H02104305

4/18/1990

H04001002

1/6/1992

2995796

10/29/1999

41

JP

H10369802

12/25/1998

2000-195348

7/14/2000

2998757

11/5/1999

42

JP

H02113058

4/28/1990

H04012413

1/17/1992

3008440

12/3/1999

43

JP

H02003990

1/10/1990

H03208211

9/11/1991

3109076

9/14/2000

44

JP

H01289788

11/7/1989

H03152810

6/28/1991

3143903

1/5/2001

45

JP

H01343487

12/27/1989

H03201319

9/3/1991

3149170

1/19/2001

46

JP

H02009459

1/17/1990

H03214516

9/19/1991

3149429

1/19/2001

47

JP

H05174800

6/21/1993

H07086026

3/31/1995

48

JP

H06135395

6/17/1994

H08007675

1/12/1996

49

JP

H07078629

4/4/1995

H08273451

10/18/1996

50

JP

H08026474

2/14/1996

H09223426

8/26/1997

51

JP

H08274811

10/17/1996

H10125147

5/15/1998

52

JP

X00000000

4/14/1997

H10289623

10/27/1998

53

JP

H09133619

5/23/1997

H10321065

12/4/1998

54

JP

H09133620

5/23/1997

H10321066

12/4/1998

55

JP

H09290574

10/23/1997

X00000000

5/11/1999

56

JP

H10051619

3/4/1998

H11250746

9/17/1999

57

JP

H10277433

9/30/1998

2000-106042

4/11/2000

58

JP

H11025852

2/3/1999

2000-222956

8/11/2000

59

JP

H11213457

7/28/1999

2000-200518

7/18/2000

60

[

**]

[**]

[**]

61

[

**]

[**]

[**]

62

[

**]

[**]

[**]

63

[

**]

[**]

[**]

Exhibit B

Jointly Owned with JST

Wire & Process

No.

Country

Application No.

File Date

Publication No.

Publicate Date

Patent No.

Issue Date

Co Owner

1

JP

H01318251

12/7/1989

H03179619

8/5/1991

2997808

11/5/1999

JST

JP

X00000000

1/31/1990

H03226923

10/7/1991

3109077

9/14/2000

XXX

0

XX

H05108395

5/10/1993

H06243745

9/2/1994

XXX

0

XX

X00000000

00/00/0000

X00000000

0/00/0000

XXX

0

XX

H05336853

12/28/1993

H07201232

8/4/1995

3253440

11/22/2001

XXX

0

XX

X00000000

4/7/1994

H07282659

10/27/1995

XXX

0

XX

X00000000

00/00/0000

X00000000

0/0/0000

XXX

0

XX

H05091197

4/19/1993

H06302235

10/28/1994

3051867

4/7/2000

XXX

0

XX

X00000000

7/3/1991

H05012940

1/22/1993

3253318

11/22/2001

XXX

0

XX

H04288735

10/27/1992

H06139848

5/20/1994

XXX

00

XX

H05125835

5/27/1993

H06338230

12/6/1994

XXX

00

XX

H05130221

6/1/1993

H06342607

12/13/1994

XXX

00

XX

H05140641

6/11/1993

H06349358

12/22/1994

XXX

00

XX

H06200476

8/25/1994

H08064044

3/8/1996

JST&NIMS

14

JP

H06239891

10/4/1994

H07249328

9/26/1995

XXX

00

XX

H07078629

4/4/1995

H08273451

10/18/1996

JST&NIMS

16

JP

H07236986

9/14/1995

H09082153

3/28/1997

XXX

00

XX

H05104219

4/30/1993

H06316417

11/15/1994

JST&NIMS

Magnet Application

No.

Country

Application No.

File Date

Publication No.

Publicate Date

Patent No.

Issue Date

Co Owner

1

JP

H07272602

10/20/1995

H09115356

5/2/1997

JST

Exhibit B

Jointly Owned with Others

Wire & Process

No.

Country

Application No.

File Date

Publication No.

Publicate Date

Patent No.

Issue Date

Co Owner

1

JP

H05056600

3/17/1993

H06267352

9/22/1994

Kansai Electric Power Co

2

JP

H05002548

1/11/1993

H06208809

7/26/1994

Japan Atomic Energy Research Xxxxxxxxx

0

XX

H09191266

7/16/1997

H11039963

2/12/1999

Tokyo Electric Power Co

4

JP

H09210886

8/5/1997

H11053960

2/26/1999

Tokyo Electric Power Co

5

JP

X00000000

11/9/1998

2000-149676

5/30/2000

Tokyo Electric Power Co

6

JP

H08349504

12/27/1996

H10194744

7/28/1998

Xxxxxxx Xxxxx

7

JP

X00000000

5/15/1998

H11322340

11/24/1999

Xxxxxxx Xxxxx

8

[**]

[**]

[**]

[**]

9

JP

H09015148

1/29/1997

H10212123

8/11/1998

Xxxxx Xxxxxx xx.xx.

Current Lead

No.

Country

Application No.

File Date

Publication No.

Publicate Date

Patent No.

Issue Date

Co Owner

1

JP

X00000000

12/27/1996

H10188691

7/21/1998

3151159

1/19/2001

Fuji Electric Xx.Xxx & Japan Atomic Energy Research Xxxxxxxxx

0

XX

H05078119

4/5/1993

H06295625

10/21/1994

3098887

8/11/2000

Japan Atomic Energy Research Xxxxxxxxx

0

XX

H05002548

1/11/1993

H06208809

7/26/1994

Japan Atomic Energy Research Institute

Exhibit C

SEI Patents

Jointly Owned with JST

Wire & Process

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

Co Owner

1

AU

1989/12/7

67804/90

1990/12/6

1991/6/13

653321

1995/1/31

JST

US

1989/12/7

07/960307

1992/10/13

5288699

1994/2/22

JST

2

AU

1991/7/24

23459/92

1992/7/22

1993/2/23

646971

1994/6/23

JST&NIMS

CA

1991/7/24

2092180

1992/7/22

1993/1/25

2092180

1996/12/3

JST&NIMS

CH

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

DE

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

EP

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

FR

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

GB

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

IT

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

LI

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

NL

1991/7/24

92916222

1992/7/22

551523

1993/7/21

551523

1996/3/6

JST&NIMS

US

1991/7/24

08/345920

1994/11/28

5552376

1996/3/6

JST&NIMS

[**]

[**]

[**]

[**]

JST&NIMS

3

CH

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

DE

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

EP

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

FR

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

GB

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

IT

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

SE

1993/5/10

94106899.1

1994/5/3

631331

1994/12/28

631331

1998/3/11

JST

US

1993/5/10

08/955322

1997/10/20

5902774

1999/5/11

JST

4

DE

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

EP

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

FR

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

GB

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

IT

1993/8/2

94112038.8

1994/8/2

638942

1995/2/15

638942

2001/6/13

JST

US

1993/8/2

08/739908

1996/10/30

6158106

2000/12/12

JST

US

1993/8/2

09/640527

2000/8/17

6272732

2001/8/14

JST

5

DE

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

EP

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

FR

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

GB

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

IT

1993/12/28

94120753.2

1994/12/27

661762

1995/7/5

661762

1997/3/19

JST

US

1993/12/28

08/365521

1994/12/27

5516753

1996/5/14

JST

6

CH

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

DE

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

EP

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

FR

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

GB

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

IT

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

SE

1994/4/7

95105193.7

1995/4/6

676817

1995/10/11

676817

1998/9/9

JST

7

EP

1995/10/17

96105964.9

1996/4/16

769819

1997/4/23

JST

[**]

[**]

[**]

[**]

JST

NIMS Owned

Material

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

Co Owner

[**]

[**]

[**]

[**]

NIMS

DE

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

XXXX

XX

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

FR

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

GB

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

IT

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

XXXX

XX

1988/1/20

89300523.1

1989/1/19

330305

1989/8/230

330305

1995/6/7

NIMS

[**]

[**]

[**]

[**]

NIMS

Jointly Owned with Others

Wire & Process

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

[**]

[**]

[**]

[**]

EP

1999/ 11/8

970226.7

2000/10/30

1156494

2001/11/21

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

2

EP

1997/1/29

98901014.5

1999/8/12

1022255

2000/7/26

US

1997/1/29

09/355301

1999/8/12

6482775

2002/11/19

[**]

[**]

[**]

[**]

Current Lead

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

US

1996/12/27

08/998434

1997/12/26

6153825

2000/11/28

Jointly Owned with JST

Wire & Process

No.

Country

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

JP

H01318251

1989/12/7

H03179619

1991/8/5

2997808

1999/11/5

JP

X00000000

1990/1/31

H03226823

1991/10/7

3109077

2000/9/14

2

JP

H05108395

1993/5/10

H06243745

1994/9/2

3

JP

H05336852

1993/12/28

H07105753

1995/4/21

4

JP

H05336853

1993/12/28

H07201232

1995/8/4

3253440

2001/11/22

5

JP

X00000000

1994/4/7

H07282659

1995/10/27

6

JP

H07268810

1995/10/17

H08171822

0000/0/0

0

XX

X00000000

1993/4/19

H06302235

1994/10/28

3051867

2000/4/7

8

JP

H03161947

1991/7/3

H05012940

1993/1/22

3253318

2001/11/22

9

JP

H04288735

1992/10/27

H06139848

1994/5/20

10

JP

H05125835

1993/5/27

H06338230

1994/12/6

11

JP

H05130221

1993/6/1

H06342607

1994/12/13

12

JP

H05140641

1993/6/11

H06349358

1994/12/22

13

JP

H06200476

1994/8/25

H08064044

0000/0/0

00

XX

X00000000

1994/10/4

H07249328

1995/9/26

15

JP

H07078629

1995/4/4

H08273451

1996/10/18

16

JP

H07236986

1995/9/14

H09082153

1997/3/28

17

JP

H05104219

1993/4/30

H06316417

1994/11/15

Magnet Application

No.

Country

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

JP

H07272602

1995/10/20

H09115356

1997/5/2

Jointly Owned with Others

Wire & Process

No.

Country

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

JP

H05056600

1993/3/17

H06267352

1994/9/22

2

JP

H05002548

1993/1/11

H06208809

1994/7/26

3

JP

H09191266

1997/7/16

H11039963

1999/2/12

4

JP

H09210886

1997/8/5

H11053960

1999/2/26

5

JP

X00000000

1998/11/9

2000-149676

2000/5/30

6

JP

H08349504

1996/12/27

H10194744

1998/7/28

7

JP

X00000000

1998/5/15

H11322340

1999/11/24

8

[**]

[**]

[**]

9

JP

H09015148

1997/1/29

H10212123

1998/8/11

Current Lead

No.

Country

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

JP

X00000000

1996/12/27

H10188691

1998/7/21

3151159

2001/1/19

2

JP

H05078119

1993/4/5

H06295625

1994/10/21

3098887

2000/8/11

3

JP

H05002548

1993/1/11

H06208809

1994/7/26

Exhibit C

AMSC Patents

Jointly Owned

BSCCO/PIT Wire and

Process

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

Co-Owner

1

US

02/05/1996

08/597,061

02/05/1996

5,908,812

06/01/1999

Los Alamos National Laboratory

2

US

07/28/1995

08/814,306

03/10/1997

6,300,285

10/09/2001

Los Alamos National Laboratory

3

US

09/23/1996

08/717,986

09/23/1996

6,122,534

09/19/2000

Los Alamos National Laboratory

4

US

09/21/1999

09/665,882

09/20/2000

6,555,503

04/29/2003

University of Wisconsin

5

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

EP

07/23/1999

00976538.9

07/20/2000

1,203,415

05/08/2002

Pirelli

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

US

07/23/1999

09/360,318

07/23/1999

6,444,917

09/03/2002

Pirelli

6

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

7

[**]

[**]

[**]

[**]

[**]

EXHIBIT D

LICENSE AGREEMENT

This License Agreement (“Agreement”) is made June 10, 2003 between Sumitomo Electric Industries, Ltd. (“SET”), a Japanese corporation having its principal place of business at 0-00 Xxxxxxxx, 0-xxxxx, Xxxx-xx, Xxxxx Japan, and Pirelli S.p.A. (“Pirelli”), an Italian corporation having its principal place of business at Xxxxx Xxxxx000, 00000 Xxxxxx Xxxxx.

WITNESSETH:

WHEREAS, SEI has been engaged in the development of Bi Based Superconductor products and has acquired a substantial number of patents in respect thereof;

WHEREAS, Pirelli desires to obtain, and SEI is willing to grant a license with respect to Pirelli making, using, or selling Wire Products hereinafter defined under certain such patents owned by SEI in accordance with the terms and conditions herein;

NOW, THEREFORE, the Parties agree as follows:

ARTICLE 1

In this Agreement, including Exhibits, unless the context otherwise requires:

a) words denoting the singular shall include the plural and vice versa;

b) words denoting persons shall include corporations and vice versa;

c) words denoting any gender shall include all genders; and

d) headings are for convenience only and shall not affect interpretation.

ARTICLE 2 (DEFINITIONS)

In this Agreement, the following words and phrases shall have the following meanings, unless the context clearly requires otherwise:

2.1 AMSC

“AMSC” shall mean American Superconductor Corporation, a Delaware corporation having its principal place of business at Two Technology Drive, Westborough, MA 01581-1727

2.2 Assignment Date

“Assignment Date” shall mean the date when Pirelli or SEI assigns this Agreement to a third party as described in Article 15.

2.3 Consideration Territory

“Consideration Territory” is the United States of America, Canada, Germany, United Kingdom, France, Italy, Australia and New Zealand.

2.4 Effective Date

“Effective Date” shall mean the date on which the license agreement between SEI and AMSC related to Existing Patents and Future Patents becomes effective, or the date on which this agreement is executed by both of the Parties, whichever is later.

2.5 Existing Patents

“Existing Patents” shall mean the SEI Patents listed in Exhibit A and their continuations, continuations-in-part, and divisionals.

2.6 Fair Market Value

“Fair Market Value” shall mean, with respect to any Wire Product per se or Wire Product contained in another product either of which is sold, leased or put into use, the selling price of such Wire Product if such Wire Product is sold per se, or if the Wire Product is sold as part of a product or leased or put into use alone or as part of a product, a sum equivalent to the quantity of such Wire Product multiplied by the weighted average of the unit price derived from the sales for substantially the same Wire Product sold per se during the preceding six (6) month period.

In determining selling price, the following shall be excluded:

(a) packaging costs;

(b) costs of insurance and transportation;

(c) import, export, excise, sales and value-added taxes, and customs duties; and

(d) royalties owed to third parties

2.7 Future Patents

“Future Patents” shall mean all existing and future SEI Patents:

(a) which directly or indirectly claim priority from a date on or before the Last Priority Date,

(b) which are owned by SEI or an Affiliate or under which SEI has a right to grant a royalty-free license or sublicense without the need to receive the approval of a third party, and

(c) which are not included in Exhibit A or Exhibit B.

For avoidance of doubt, Future Patents include patents filed by third parties but later owned by SEI, or for which SEI was later granted a license with the right to grant a royalty-free sublicense to others, including at least Pirelli.

Any Patents filed by third parties for which SEI is later granted a license with the right to grant a royalty-bearing sublicense to others, including at least Pirelli, shall be excluded from Future Patents. However, SEI grants to Pirelli an option to sublicense any patent directed to the design and/or manufacture of Bismuth-based Superconductor Wire with respect to which SEI may obtain a license with the right to grant royalty-bearing sublicenses, at any time subsequent to the execution of this Agreement. The terms and conditions of such royalty bearing sublicense later granted by SEI to Pirelli shall be

subject to the terms of the patent license to SEI but otherwise consistent with the terms and conditions of the Future Patent license granted hereunder, and the royalty terms and conditions shall be no less favorable than the sublicensing royalty terms and conditions of the patent license to SEI.

2.8 Last Priority Date

“Last Priority Date” is December 31, 2007.

2.9 License Fee for Pirelli

“License Fee for Pirelli” shall mean [**] US dollars (US$[**]) to make the grant exercisable as described in Article 3.1. If this Agreement is assigned to the Assignee pursuant to the Article 15.1, and License Fee for Pirelli has already been paid by Pirelli to SEI then no additional License Fee for Pirelli will be due by Assignee. If, however, License Fee for Pirelli has not already been paid by Pirelli to SEI then License Fee for Pirelli will be due by Assignee. In no event shall the License Fee for Pirelli be refunded after the payment of License Fee for Pirelli to SEI.

2.10 Party and Related Entities

The word “Party” shall mean SEI or Pirelli, as the case may be.

“Affiliate” of a Party shall mean (i) any Subsidiary of such Party, (ii) the Parent Company of such Party, or (iii) any Subsidiary of any such Parent Company.

“Subsidiary” or “Subsidiaries” of a Party shall mean a corporation, limited liability company, partnership or other legal entity (a) fifty percent (50%) or more of whose shares or other securities entitled to vote for election of directors (or other managing authority) is now or hereafter controlled by such Party either directly or indirectly; or (b) in cases in which the entity does not have outstanding shares or securities, fifty percent (50%) or more of whose ownership interest representing the right to manage such entity is now or hereafter owned and controlled by such Party either directly or indirectly; provided that any such corporation or other legal entity shall be deemed to be a “Subsidiary” of such Party only as long as such control or ownership exists.

“Parent-Company” of a Party shall mean a corporation or other legal entity of which such Party is a Subsidiary.

Notwithstanding the foregoing, [**] corporation having its principal place of business at [**], shall be excluded from being a Subsidiary of SEI.

2.11 Patents

“Patents” or “Patent” shall mean any and all patents worldwide issuing from patent applications directly or indirectly claiming priority to a date before the Last Priority Date, and further including design patents and utility models directly or indirectly claiming priority to a date before the Last Priority Date.

2.12 “Pirelli’s Territory” shall mean worldwide except Japan.

2.13 Then Current Future Patents

“Then Current Future Patents” shall mean only Future Patents which directly or indirectly claim priority from a date on or before the Assignment Date.

2.14 Wire Products

“Wire Products” shall mean Bismuth-based Superconductor Wire per se in the Cable Field.

Superconductor Wire is a length of wire or tape containing superconductor materials which is designed to transmit either direct or alternating current in the superconducting state.

The Cable Field is defined as the field of Line Transmission and Distribution of (i) electrical power from at least one point to another and (ii) electrical control signals, where “Line Transmission and Distribution” means transmission and distribution by cable, wire or the like physical link in the form of an elongated conductor which is used to transport electrons. The Cable Field does not include other superconductor products such as current leads, magnet wire, magnet cables, current limiters, transformers, power electronic devices, energy storage devices, coils and other devices when used for the generation of magnetic fields.

ARTICLE 3 (GRANT FROM SEI TO PIRELLI)

3.1 SEI grants to Pirelli, with the right to sublicense solely to its Affiliates, for the period from the Effective Date a royalty-bearing license under the SEI’s Patent Rights in Existing Patents and Future Patents to make, use, sell and offer to sell in Pirelli’s Territory Wire Products and Wire Products contained in products in the Cable Field until the last of the Future Patents expire, provided such grant to Pirelli will not become exercisable until a License Fee for Pirelli is paid by Pirelli to SEI. For the avoidance of doubt, the license to make, use, sell and offer to sell Wire Products contained in products is limited to the Wire Products themselves and does not include a license to a combination of the Wire Products with the products in which they are contained.

3.2 Pirelli’s license to make, use, sell and offer to sell Wire Products and Wire Products contained in products under Article 3.1, and the waiver contained in section 3.3, shall cease immediately upon Pirelli, directly or indirectly, contesting, by way of litigation or an interference (only if actively instituted by Pirelli) or opposition proceeding or requesting reexamination, the validity of any of SEI’s Existing or Future Patents directed to the design and/or manufacture of Bismuth-based Superconductor Wires, or upon Pirelli exercising any of its rights under any of its Patents or co-owned Patents for infringement by Wire Products or Wire Products contained in products against SEI or its Subsidiaries, or upon Pirelli suing or claiming for infringement by Wire Products or Wire Products contained in products against SEI or its Subsidiaries under its right under any of its Patents in any forum.

3.3 Subject to the payment of the License Fee for Pirelli, during the period beginning with the Effective Date and ending with the expiration of all the Existing Patents and Future Patents of SEI, SEI will not xxx Pirelli or its Affiliates in any forum for infringement by Wire Products or Wire Products contained in products of any of its Existing Patents,

Future Patents or co-owned Patents, whether covered by grants hereunder or not, for making, using, selling, offering to sell Wire Products and Wire Products contained in products in Pirelli’s Territory, unless SEI has an obligation to cooperate with a co-owner or licensor of any such co-owned Patents and such co-owner or licensor requires SEI to xxx Pirelli or to assist such co-owner or licensor to exercise its patent rights against Pirelli. Exhibit C lists the co-owned Patents in respect of which SEI has such obligation. Further, SEI shall notify from time to time Pirelli of any co-owned Future Patent in respect of which SEI will have such obligation. For the avoidance of doubt, SEI may xxx Pirelli or its Affiliates for infringement by products for a reason other than that such products include Wire Products.

3.4 SEI shall cooperate with Pirelli in good faith to register the nonexclusive license of any of the Patents granted herein in any country, provided that Pirelli bears, the cost of such registration.

ARTICLE 4 (TERM OF AGREEMENT)

This Agreement shall become effective on the Effective Date, and, unless sooner terminated as provided in this Agreement, shall be in full force until all of the Existing Patents and Future Patents of both Parties expire.

ARTICLE 5 (SECRECY)

5.1 Nothing in this Agreement shall be construed as conferring upon Pirelli or its Subsidiaries any right to include in advertising, packaging or other commercial activities related to Wire Products, any reference to SEI (or any of its Subsidiaries), its trade names, trademarks or service marks in a manner which would be likely to cause confusion or to indicate that such Wire Products are in any way endorsed or certified by SEI or its Subsidiaries.

5.2 The Parties hereto shall not disclose the existence or the contents of this Agreement to any third party, with the exception of AMSC, until all of the Existing and Future Patents expire.

ARTICLE 6 (CONSIDERATION)

6.1 In consideration of the licenses granted under Article 3 herein to Pirelli, Pirelli shall pay to SEI an amount equal to [**] percent of the Fair Market Value of Wire Products and Wire Products contained in products made, sold, or leased by Pirelli and its sublicensed Affiliates in the Consideration Territory. Only one royalty shall be due with respect to any given Wire Product or Wire Product contained in a product, irrespective of the number of different countries in the Consideration Territory where such Wire Product or Wire Product contained in a product is made, sold or leased, and irrespective of the value of the product of which the Wire Product may be a part. When all of the Existing Patents expire in all of the countries of the Consideration Territory where a given Wire Product or Wire Product contained in a product is made, sold, or leased, then payment of royalty shall be due only if Pirelli makes use of any Future Patent in making, selling or leasing of Wire Products and Wire Products contained in products in the Consideration Territory.

Except for royalties due for Pirelli’s use of any Future Patents, when all Existing Patents expire in any of the countries of the Consideration Territory where a given Wire Product or Wire Product contained in a product is made, sold, or leased, then no payment of royalty shall be due for Wire Products and Wire Products contained in products made, sold, or leased by Pirelli in such country, but the payment obligation in other countries in the Consideration Territory where unexpired Existing Patents exist shall remain for Wire Products and Wire Products contained in products made, sold, or leased in those other countries. No payment obligation will be required on any Wire Product or Wire Products contained in products outside of the Consideration Territory. The payments due hereunder for Wire Products and Wire Products contained in products made, sold, or leased during the period from January 1 to June 30 of any year shall be made by September 1 of that year, and the payments for Wire Products and Wire Products contained in products made, sold, or leased during the period from July 1 to December 31 of any year shall be made by March 1 of the next year. At the time of each payment Pirelli shall furnish SEI with a detailed report setting forth the basis for the payment.

6.2 All payments due to SEI under this Agreement shall be nonrefundable and shall be remitted by telegraphic transfer in Italian Lire to the following account of SEI:

Sumitomo Mitsui Banking Corporation

Osaka Head Office

6-5, Kitahama 4-chome, Xxxx-xx,

Xxxxx, 000-0000, Xxxxx

Account No.: [**]

6.3 All taxes payable as a result of the payment of the monies due to SEI in accordance with this Article 6 shall be borne by SEI. If required to deduct tax at source from any payments made to SEI, Pirelli shall provide SEI with a statement or certificate showing the amount of tax so paid in respect of the said monies duly signed by an appropriate tax official.

ARTICLE 7 (NO LICENSE EXCEPT FOR WIRE PRODUCTS)

Pirelli hereby agrees that the licenses to Pirelli contemplated herein shall not constitute or imply any license or agreement with respect to any products other than Wire Products and Wire Products contained in products, nor a license to Pirelli with respect to any patents except the Existing Patents and Future Patents, nor any agreement with respect to any patents except the Existing Patents and Future Patents.

ARTICLE 8 (TERMINATION)

8.1 Either Party (the “Initiating Party”) may terminate this Agreement (the “Breaching Party”) by written notice to the Breaching Party on or at any time after one of the following events occur. This Agreement and the license and waiver granted Pirelli is automatically terminated at the time of the occurrence of any of the events set forth in sections (b), (c) or (d) with respect to Pirelli:

(a) the Breaching Party committing a remediable breach under this License Agreement and failing to remedy the breach within two (2) months starting on the day after receipt of written notice from the Initiating Party giving details of the breach and requiring the Breaching Party to remedy the breach;

(b) the Breaching Party passing a resolution for its winding-up, a court of competent jurisdiction making an order for the Breaching Party’s winding-up or the presentation of a petition for the Breaching Party’s winding-up (other than, in each case, for the purposes of solvent amalgamation or reconstruction and in such manner that the entity resulting from the amalgamation or reconstruction effectively agrees to be bound by or assume the Breaching Party’s obligations under this Agreement);

(c) the making of an administrative order in relation to the Breaching Party or the appointment of a receiver over, or an encumbrancer taking possession of or selling an asset of the Breaching Party;

(d) the Breaching Party making an arrangement or composition with its creditors generally or making an application to a court of competent jurisdiction for protection from its creditors generally;

(e) Pirelli’s failure to pay the License Fee for Pirelli specified in Article 3.1 and not cured within sixty (60) days starting on the day of Pirelli’s making the Wire Products or the using, offering to sell, selling or exporting such Wire Products or Wire Products contained in products in Pirelli’s Territory.

ARTICLE 9 (ARBITRATION)

9.1 The Parties shall attempt to settle all disputes and differences between the Parties arising from this Agreement in an amicable fashion. Should, however, a mutually agreed solution to any such dispute not be found possible, the Parties shall submit the matter under dispute to arbitration by the International Chamber of Commerce, at the office located in Washington D.C., the United States of America, under and in accordance with the rules of Arbitration and Conciliation of the International Chamber of Commerce. The arbitration will be conducted in English. The decision or decisions resulting from any such arbitration shall be final and binding and conclusive upon the Parties, not subject to any challenge in any forum or court, and may be enforced in any court of competent jurisdiction.

9.2 Until a decision is made by the arbitrators both Parties agree to take no action which may upset the status quo or prejudice the respective positions of the Parties in respect of the matter in controversy except for such actions as may otherwise be permitted by the terms of this Agreement.

ARTICLE 10 (NOTICES)

Any notice given under this Agreement (“Notice”) shall be deemed to have been duly and sufficiently given for all purposes, if made initially by facsimile, and then also sent by registered or certified air mail, postage prepaid, addressed to the Party to whom the Notice is to be sent at the address for the Party set forth below. Each Party may change its address for receipt of

notices by Notice to the other Party in accordance with this Article 10. Notice becomes effective-upon mailing by registered or certified mail. If, however, such Notice is not initially sent by facsimile, such Notice does not become effective until the date the registered or certified mail is actually received.

If addressed to Pirelli:

General Manager

Industrial Property Department

Pirelli S.p.A.

Xxxxx Xxxxx 000

0000 Xxxxx

Xxxxx

If addressed to SEI:

General Manager

Legal Department

Sumitomo Electric Industries, Ltd.

0-00 Xxxxxxxx, 0-xxxxx, Xxxx-xx, Xxxxx

Xxxxx

ARTICLE 11 (CONTINUING OBLIGATIONS)

The obligations to keep information confidential and to submit disputes to arbitration as set out in Articles 5 (Secrecy) and 9 (Arbitration) respectively shall continue indefinitely, unless and until such information is no longer secret or there are no outstanding claims between the Parties.

ARTICLE 12 (FORCE MAJEURE)

12.1 Either Party shall be relieved of its obligations hereunder to the extent that it is hindered or prevented from carrying them out by reason of force majeure.

12.2 For the purpose of this Agreement, force majeure signifies any event or circumstance and its direct consequence which is beyond the reasonable control of the Party invoking this Article 12. Such events or circumstances include but are not limited to: fire, floods, earthquake, war, industrial disputes, strikes, lockouts, explosions, acts of God and actions of the government(s).

12.3 The Party invoking this Article 12 shall without delay advise the other Party of the force majeure event or circumstance preventing or hindering it from carrying out its obligations under this Agreement and shall also notify the other Party as soon as possible of all the facts and obligations it is able to meet only with delay, indicating the period of delay to be expected.

12.4 If the event or circumstance of force majeure results in delay of less than six (6) months, the Parties are obliged to adhere to this Agreement subject however to reasonable extensions of time for contract obligations to be met and the period of payment called for in this Agreement shall be extended appropriately to take account of any stoppages

caused by reasons of force majeure. If force majeure results in an extension of due date for more than six (6) months, the Parties shall consult together on the action to be taken. If they fail to reach agreement, then recourse will be had to arbitration in accordance with Article 9 hereof for liquidation of the contractual relations between the Parties.

ARTICLE 13 (GOVERNING LAW)

This Agreement shall be interpreted in accordance with the laws of the State of New York.

ARTICLE 14 (INTERPRETATION)

14.1 This Agreement shall be executed in the English language. No translation, if any, of this Agreement into any other language shall be of any force or effect in the interpretation of this Agreement or in determination of the intent of either of the Parties.

14.2 This Agreement may only be amended in writing signed by the duly authorized representatives of the Parties and this Agreement constitutes the entire agreement of the Parties on the matter to which it relates and there are no understandings, representations or warranties of any kind between the Parties except as expressly set forth herein.

14.3 Should any of the provisions of this Agreement be void for whatever reason, the validity of the remaining provisions shall thereby not be affected. In such case the Parties shall upon mutual consent replace the ineffective provisions by another provision which is as close in meaning as possible.

ARTICLE 15 (ASSIGNMENT)

15.1 This Agreement is personal to each of the Parties and may not be assigned by either Party without the prior written consent of the other Party which consent will not be unreasonably withheld. Notwithstanding the foregoing, without the consent of the other Party, either Party may assign this Agreement and all of its rights and obligations in connection with the sale or assignment of the business and assets of the assigning Party’s in the Cable Field or a portion of such business and assets. However, no such assignment of this Agreement and all of the rights and obligations hereunder in connection with the sale or assignment of the business and assets of the assigning Party’s in the Cable Field or a portion of such business and assets may be made to any third party (“Assignee”), unless, effective as of the Assignment Date, if Pirelli is the assigning Party, such Assignee (i) pays to SEI a sum of [**]USD as consideration for the assignment of this Agreement and (ii) agrees in writing that all of the Assignee’s patents and applications which have an earliest priority date on or before the Assignment Date and which are directed to Bismuth-based wire are licensed, on a non-exclusive, non-transferable, worldwide, royalty-free basis, to SEI and its Subsidiaries to make, use, sell and offer for sale Wire Products and Wire Products contained in products in the Cable Field, and agrees further that as of the Assignment Date any and all license rights and promises not to xxx with respect to Future Patents of SEI as described in Article 3 of this Agreement shall be limited to Then Current Future Patents.

15.2 The assigning Party, promptly after the assignment as provided for under Article 15.1, shall notify the other Party by written notice of such assignment, and such notice shall include the name and location of and the name of the representative of the assignee.

15.3 In the case of an assignment by SEI of all of its Patents covered under this Agreement to an Assignee as part of an assignment of all SEI’s rights and obligations under this Agreement pursuant to Section 15.1, SEI shall impose its licensing obligations and its promises not to xxx contained in Article 3 of this Agreement on Assignee with respect to all Existing Patents and Then Current Future Patents.

15.4 In the case of an assignment by SEI of any of its Patents covered under this Agreement to a third party (Third Party Assignee) not as part of an assignment of all of SEI’s rights and obligations under this Agreement pursuant to Section 15.1 and 15.3, SEI shall impose its licensing obligations and its promises not to xxx contained in Article 3 of this Agreement on the Third Party Assignee with respect to such assigned Patents. For the avoidance of doubt, the license and waiver from such Third Party Assignee shall be royalty free and the royalty obligations of Pirelli shall remain payable only to SEI under the terms of this Agreement.

15.5 In the case of an assignment by Pirelli of any of its Patents directed to Bismuth based wire to an Assignee (as defined in Section 15.1), Pirelli shall impose its promises not to xxx contained in Article 3 of this Agreement on the Assignee with respect to such assigned Patents. For the avoidance of doubt, the promises not to xxx from the Assignee shall be royalty free.

IN WITNESS WHEREOF, this Agreement has been signed on behalf of the Parties hereto.

Sumitomo Electric Industries, Ltd.
By:		/s/ Xxxxxxxx Xxxxxxxxx
		Xxxxxxxx Xxxxxxxxx
Date:		June 10, 2003
Pirelli S.p.A.
By:		/s/ Pier Xxxxxxxx Xxxxxxxx
		Pier Xxxxxxxx Xxxxxxxx
Date:		June 16, 2003

Solely Owned		Exhibit A
Wire and Process		SEI Patents

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

1

US

1986/6/17

07/063228

1987/6/17

5006289

1991/4/9

US

1986/6/17

07/606850

1990/10/31

5114641

1992/5/19

US

1986/6/17

07/883368

1992/5/15

5252288

1993/10/12

US

1986/6/17

08/355814

1994/12/14

5480601

1996/1/2/

2

AU

1987/2/5

11422/88

1988/2/5

1988/8/11

597148

1990/9/11

DE

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/5

DE

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

EP

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

EP

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/6

FR

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/5

FR

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

GB

1987/2/5

91119826.5

1988/2/5

475466

1992/3/18

475466

2002/6/5

GB

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

IT

1987/2/5

91119826.5

1988/2/5

47566

1992/3/18

475466

2002/6/5

IT

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

LI

1987/2/5

88400267.6

1988/2/5

281444

1988/9/7

281444

1992/12/30

[**]

[**]

[**]

[**]

US

1987/2/5

08/851312

1997/5/5

5981444

1999/11/9

3

DE

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

EP

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

FR

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

GB

1987/2/28

88400466.4

1988/2/29

281474

1988/9/7

281474

1994/8/17

US

1987/2/28

08/056615

1993/5/4

5786305

1998/7/28

4

US

1987/4/17

07/438986

1989/11/20

5100865

1992/3/31

5

US

1987/4/2

07/942481

1991/9/9

5550102

1996/8/27

6

DE

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

EP

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

FR

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

GB

1987/5/1

88401064.6

1988/5/2

290331

1988/11/9

290331

1997/3/5

US

1987/5/1

07/189366

1988/5/2

5122507

1992/6/16

US

1987/5/1

07/884137

1992/5/18

5338721

1994/8/16

US

1987/5/1

08/906855

1997/8/6

6301774

2001/10/16

US

1987/5/1

08/906855

1997/8/6

6301774

2001/10/16

US

1987/5/1

08/200540

1994/2/22

5424282

1995/6/13

7

US

1987/7/28

07/225207

1988/7/28

5030616

1991/7/9

8

US

1987/8/3

08/122178

1993/9/17

5409890

1995/4/25

9

AU

1988/8/29

39596/89

1989/8/15

1990/3/1

611051

1991/9/25

DE

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

EP

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

FR

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

GB

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

IT

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

LI

1988/8/29

89115862.8

1989/8/28

356969

1990/3/7

356969

1994/12/28

US

1988/8/29

08/459624

1995/6/2

5639714

1997/6/17

US

1988/8/29

08/747133

1996/11/12

6276048

2001/8/21

10

DE

1989/1/26

90101530.5

1990/1/25

380115

1994/9/21

EP

1989/1/26

90101530.5

1990/1/25

380115

1990/8/1

380115

1994/9/21

FR

1989/1/26

90101530.5

1990/1/25

380115

1994/9/21

GB

1989/1/26

90101530.5

1990/1/25

380115

1994/9/21

[**]

[**]

[**]

[**]

US

1989/1/26

08/999675

1997/10/14

6357105

2002/3/19

11

AU

1989/12/28

68479/90

1990/12/24

1991/7/4

646419

1994/6/10

DE

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

EP

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

FR

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

GB

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

IT

1989/12/28

90125575.2

1990/12/27

435286

1991/7/3

435286

1997/3/19

[**]

[**]

[**]

[**]

US

1989/12/28

08/955323

1997/10/20

6311384

2001/11/6

12

US

1990/3/16

08/283498

1994/8/1

5670459

1997/9/23

US

1990/3/16

08/858842

1997/5/19

5910222

1999/6/8

13

DE

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

EP

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

FR

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

GB

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

IT

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

LI

1990/3/26

91104628.2

1991/2/23

449161

1991/10/2

449161

1995/12/6

US

1990/3/26

08/385240

1995/2/8

5610123

1997/3/11

14

US

1990/3/30

08/747881

1996/11/13

6205345

2001/3/20

[**]

[**]

[**]

[**]

15

US

1990/7/16

08/291237

1994/8/16

5508254

1996/4/16

16

AU

1990/7/16

80310/91

1991/7/10

1992/1/16

647801

1994/7/19

DE

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

EP

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

FR

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

GB

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

IT

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

LI

1990/7/16

91111685.3

1991/7/12

467238

1992/1/22

467238

1994/11/2

US

1990/7/16

08/376461

1995/1/20

5877125

1999/3/2

17

DE

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

EP

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

FR

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

GB

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

IT

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

LI

1990/8/8

911113271

1991/8/7

470595

1992/2/12

470595

1995/5/24

US

1990/8/8

07/742255

1991/8/8

5236891

1993/8/17

18

DE

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

EP

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

FR

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

GB

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

IT

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

LI

1990/9/10

91115196.7

1991/9/9

475315

1992/3/18

475315

1995/12/13

US

1990/9/10

07/757103

1991/9/10

5378684

1995/1/3

US

1990/9/10

08/316262

1994/9/29

5663120

1997/9/2

19

AU

1991/1/19

10229/92

1992/1/14

1992/7/23

646538

1994/6/10

DE

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

EP

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

FR

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

GB

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

IT

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

LI

1991/1/19

92100672.2

1992/1/16

496281

1992/7/29

496281

1995/12/6

US

1991/1/19

08/167581

1993/12/15

2002- 0050053

2002/5/2

20

AU

1991/2/25

11018/92

1992/2/18

1992/8/27

653983

1995/2/15

DE

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

EP

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

FR

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

GB

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

IT

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

LI

1991/2/25

92103099.5

1992/2/24

501394

1992/9/2

501394

1995/5/3

US

1991/2/25

08/446349

1995/5/22

5949131

1999/9/7

US

1991/2/25

09/112970

1998/7/9

6194226

2001/2/27

21

US

1991/3/20

08/186219

1994/1/25

5434130

1995/7/18

22

AU

1991/3/20

13053/92

1992/3/19

1992/9/24

654529

1995/2/28

US

1991/3/20

08/479898

1995/6/7

5869430

1999/2/9

23

AU

1991/3/20

13034/92

1992/3/19

1992/9/24

650956

1994/10/25

DE

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

EP

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

FR

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

GB

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

IT

1991/3/20

92104806.2

1992/3/19

504894

1992/9/23

504894

1994/12/28

US

1991/3/20

07/854127

1992/3/19

5369088

1994/11/29

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

US

1991/3/20

08/295297

1994/8/24

5462920

1995/10/31

24

AU

1992/2/20

33148/93

1993/2/19

1993/8/26

663355

1996/1/23

DE

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

EP

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

FR

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

GB

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

IT

1992/2/20

93102579.5

1993/2/18

556837

1993/8/25

556837

1997/9/17

US

1992/2/20

08/019976

1993/2/19

5358929

1994/10/25

25

DE

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

DK

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

EP

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

FR

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

GB

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

IT

1995/4/7

96105592.8

1996/4/9

736914

1996/10/9

736914

2002/5/15

US

1995/4/7

08/627281

1996/4/4

6305069

2001/10/23

US

1995/4/7

09/954577

2001/9/18

2002- 0028749

2002/3/7

26

EP

1996/3/26

97105031.5

1997/3/25

798749

1997/10/1

US

1996/3/26

08/823907

1997/3/25

5929000

1999/7/27

US

1996/3/26

09/055287

1998/4/6

6192573

2001/2/27

27

AU

1996/5/13

19090/97

1997/4/24

1997/11/20

727324

2001/3/22

EP

1996/5/13

97106381.3

1997/4/17

807994

1997/11/19

807994

2002/8/14

[**]

[**]

[**]

[**]

US

1996/5/13

09/941104

2001/8/28

2002- 0020546

2002/2/21

6414244

28

EP

1997/2/25

98103197.4

1998/2/24

860705

1998/8/26

US

1997/2/25

09/028929

1998/2/24

5936394

29

EP

1997/2/27

98905635.3

1998/2/25

1018748

200/7/12

[**]

[**]

[**]

[**]

WO

1997/2/27

PTC/JP98/00754

1998/2/27

WO98/386 50

1998/9/3

30

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

US

1998/4/28

09/264570

1999/3/8

6311385

31

EP

1998/7/30

99114300.9

1999/7/30

977282

2000/2/2

US

1998/7/30

09/363816

1999/7/30

US-2001-0017220

2001/8/30

6337307

[**]

[**]

[**]

[**]

32

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

WO

1999/2/26

PCT/JP00/00952

2000/2/18

WO00/527 81

2000/9/8

No.

Country

Priority Date

Application No.

File Date

Publication No.

Publication Date

Patent No.

Issue Date

33

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

34

[**]

[**]

[**]

[**]

EP

1999/12/28

403701.6

2000/12/28

1113508

2001/7/4

[**]

[**]

[**]

[**]

35

[**]

[**]

[**]

[**]

EP

1999/12/28

403702.4

2000/12/28

EP111350 7A2

2001/7/4

[**]

[**]

[**]

[**]

36

[**]

[**]

[**]

[**]

EP

1999/11/4

971734.9

2000/11/1

1158543

2001/11/28

HK

1999/11/4

1109218.6

2000/11/1

1039396A

2002/4/19

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

37

EP

2000/4/25

1401033.4

2001/4/24

1150362

2001/10/31

HK

2000/4/25

1108327.6

2001/11/27

1037784A

2002/2/15

US

2000/4/25

09/820870

2001/3/30

2001- 0044385

2001/11/22

38

[**]

[**]

[**]

[**]

EP

2000/2/22

1400472.5

2001/2/22

1128447

2001/8/29

HK

2000/2/22

1108125.0

2001/11/17

1037274A

2002/2/1

[**]

[**]

[**]

[**]

39

[**]

[**]

[**]

[**]

EP

2000/7/14

1401877.4

2001/7/13

1172868

2002/1/16

[**]

[**]

[**]

[**]

TW

2000/7/14

90116220

2001/7/3

157041

2002/9/27

US

2000/7/14

09/903622

2001/7/13

2002- 0022576

2002/2/21

40

[**]

[**]

[**]

[**]

EP

2000/8/29

1402252.9

2001/8/29

1187233

2002/3/13

US

2000/8/29

09/920947

2001/8/3

2002- 0073298

2002/4/18

41

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

42

[**]

[**]

[**]

[**]

[**]

[**]

[**]

[**]

Exhibit B

SEI Patents

Solely Owned

Wire & Process

No.

Country

Application No.

File Date

Publication No.

Publicate Date

Patent No.

Issue Date

1

JP

S62148368

6/15/1987

S63310903

12/19/1988

2707524

10/17/1997

2

JP

H08322313

11/18/1996

H09185915

7/15/1997

2996340

10/29/1999

3

JP

S63109325

5/2/1988

H01163910

6/28/1989

2754564

3/6/1998

4

JP

S63193635

8/3/1988

H01152007

6/14/1989

2108366

11/6/1996

5

JP

H01209325

8/12/1989

H03138820

6/13/1991

2636049

4/25/1997

6

JP

H02013092

1/22/1990

H03015116

1/23/1991

3158408

2/16/2001

7

JP

H01341391

12/28/1989

H03204131

9/5/1991

2775946

5/1/1998

8

JP

H02067934

3/16/1990

H03265523

11/26/1991

3089641

7/21/2000

9

JP

H02080421

3/27/1990

H03280308

12/11/1991

3044732

3/17/2000

10

JP

H03051332

3/15/1991

H04212215

8/3/1992

3074753

6/9/2000

11

JP

H03067068

3/29/1991

H04212212

8/3/1992

3248190

11/9/2001

12

JP

H02188496

7/16/1990

H04073822

3/9/1992

3008453

12/3/1999

13

JP

H02211365

8/8/1990

H04094019

3/26/1992

2567505

10/3/1996

14

JP

H03019405

1/19/1991

H04237910

8/26/1992

3149441

1/19/2001

15

JP

H03030398

2/25/1991

H04269471

9/25/1992

3143932

1/5/2001

16

JP

H03056698

3/20/1991

H04292809

10/16/1992

3350935

9/20/2002

17

JP

H04033421

2/20/1992

H05234626

9/10/1993

2998398

11/5/1999

18

JP

H08059184

3/15/1996

H08335414

12/17/1996

19

JP

H08070098

3/26/1996

H09259660

10/3/1997

20

JP

H08117913

5/13/1996

H09306565

11/28/1997

21

JP

H09040887

2/25/1997

H10239260

9/11/1998

3171131

3/23/2001

22

JP

H10119093

4/28/1998

H11312420

11/9/1999

23

JP

2000-019713

1/28/2000

2000-311526

11/7/2000

24

JP

H11127886

5/10/1999

2000-322957

11/24/2000

25

JP

H11185789

6/30/1999

2001-014961

1/19/2001

26

JP

H11373238

12/28/1999

2001-184956

7/6/2001

27

JP

H11373239

12/28/1999

2001-184957

7/6/2001

28

JP

2000-123522

4/25/2000

2001-307566

11/2/2001

29

JP

2000-044291

2/22/2000

2001-236835

8/31/2001

30

JP

2001-038367

2/15/2001

2002-093252

3/29/2002

31

JP

2000-258841

8/29/2000

2002-075091

3/15/2002

32

JP

2000-258753

8/29/2000

2002-075080

3/15/2002

33

[**]

[**]

[**]

34

JP

S63109327

5/2/1988

S64071022

3/16/1989

2514690

4/30/1996

35

JP

S62073284

3/26/1987

S63239147

10/5/1988

2565894

10/3/1996

36

JP

S62095861

4/18/1987

S63261617

10/28/1988

2590096

12/5/1996

37

JP

H01026096

2/4/1989

H02207416

8/17/1990

2844632

10/30/1998

38

JP

H03056687

3/20/1991

H04292812

10/16/1992

2855869

11/27/1998

39

JP

S63025108

2/5/1988

H01140520

6/1/1989

2877149

1/22/1999

40

JP

H02104305

4/18/1990

H04001002

1/6/1992

2995796

10/29/1999

41

JP

H10369802

12/25/1998

2000-195348

7/14/2000

2998757

11/5/1999

42

JP

H02113058

4/28/1990

H04012413

1/17/1992

3008440

12/3/1999

43

JP

H02003990

1/10/1990

H03208211

9/11/1991

3109076

9/14/2000

44

JP

H01289788

11/7/1989

H03152810

6/28/1991

3143903

1/5/2001

45

JP

H01343487

12/27/1989

H03201319

9/3/1991

3149170

1/19/2001

46

JP

H02009459

1/17/1990

H03214516

9/19/1991

3149429

1/19/2001

47

JP

H05174800

6/21/1993

H07086026

3/31/1995

48

JP

H06135395

6/17/1994

H08007675

1/12/1996

49

JP

H07078629

4/4/1995

H08273451

10/18/1996

50

JP

H08026474

2/14/1996

H09223426

8/26/1997

51

JP

H08274811

10/17/1996

H10125147

5/15/1998

52

JP

H09096126

4/14/1997

H10289623

10/27/1998

53

JP

H09133619

5/23/1997

H10321065

12/4/1998

54

JP

H09133620

5/23/1997

H10321066

12/4/1998

55

JP

H09290574

10/23/1997

H11126523

5/11/1999

56

JP

H10051619

3/4/1998

H11250746

9/17/1999

57

JP

H10277433

9/30/1998

2000-106042

4/11/2000

58

JP

H11025852

2/3/1999

2000-222956

8/11/2000

59

JP

H11213457

7/28/1999

2000-200518

7/18/2000

60

[**]

[**]

[**]

61

[**]

[**]

[**]

62

[**]

[**]

[**]

63

[**]

[**]

[**]

Exhibit B

Jointly Owned with Others

Wire & Process

No.

Country

Application No.

File Date

Publication No.

Publicate Date

Patent No.

Issue Date

Co Owner

1

JP

H05056600

3/17/1993

H06267352

9/22/1994

Kansai Electric Power Co

2

JP

H05002548

1/11/1993

H06208809

7/26/1994

Japan Atomic Energy Research Institute

3

JP

H09191266

7/16/1997

H11039963

2/12/1999

Tokyo Electric Power Co

4

JP

H09210886

8/5/1997

H11053960

2/26/1999

Tokyo Electric Power Co

5

JP

H10318063

11/9/1998

2000-149676

5/30/2000

Tokyo Electric Power Co

6

JP

H08349504

12/27/1996

H10194744

7/28/1998

Hiroshi Maeda

7

JP

H10133330

5/15/1998

H11322340

11/24/1999

Hiroshi Maeda

8

[**]

[**]

[**]

[**]

9

JP

H09015148

1/29/1997

H10212123

8/11/1998

Mikio Takano xx.xx.

EXHIBIT E

LICENSE AGREEMENT

(EXCLUSIVE)

This Agreement, made and entered into this 6th day of July, 1987, (the Effective Date) by and between MASSACHUSETTS INSTITUTE OF TECHNOLOGY, a corporation duly organized and existing under the laws of the Commonwealth of Massachusetts and having its principal office at 77 Massachusetts Avenue, Cambridge, Massachusetts 02139 U.S.A. (hereinafter referred to as M.I.T.), and AMERICAN SUPERCONDUCTOR CORPORATION, a corporation duly organized under the laws of Delaware and having its principal office c/o American Research and Development Inc., 45 Milk Street, Boston, Massachusetts 02109 (hereinafter referred to as LICENSEE).

WITNESSETH

WHEREAS, M.I.T, is the owner of certain “Patent Rights” (as later defined herein) relating to M.I.T. Case No. 4405, “Process for Making Super Conducting Oxides (in usable form) by Oxidation of Alloys of the Metallic Constituent’s”, by John B. VanderSande and Gregory J. Yurek, and has the right to grant licenses under said Patent Rights;

WHEREAS, M.I.T. desires to have the Patent Rights utilized in the public interest and is willing to grant a license thereunder;

WHEREAS, LICENSEE has represented to M.I.T., to induce M.I.T. to enter into this Agreement, that the LICENSEE is willing to commit itself to a thorough, vigorous and diligent program of exploiting the Patent Rights so that public utilization shall result therefrom; and

WHEREAS, LICENSEE desires to obtain a license under the Patent Rights upon the terms and conditions hereinafter set forth.

E-2

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties hereto agree as follows:

ARTICLE I—DEFINITIONS

For the purposes of this Agreement, the following words and phrases shall have the following meanings:

1.1 “LICENSEE” shall mean American Superconductor Corporation and any subsidiary of American Superconductor Corporation.

1.2 “Subsidiary” shall mean any corporation, company or other entity more than fifty percent (50%) of whose voting stock is owned or controlled directly or indirectly by American Superconductor Corporation.

1.3 “Patent Rights” shall mean the United States and Foreign patent applications set forth in Appendix A attached hereto and made a part hereof (hereinafter referred to as the “Patent Rights Patent Application(s)”), and the United States patents and Foreign patents issuing from said pending Patent Rights Patent Application(s) or later-filed foreign applications based upon any of said United States patents and applications (hereinafter referred to as the “Patent Rights Patent (s)”) and any continuations, continuations-in-part, divisions, reissues and extensions of any of the foregoing.

1.4 “Improvements” shall mean any and all modifications, refinements, etc. dominated by the Patent Rights claims and conceived or reduced to practice over the next three (3) years by Yurek or VanderSande or under the direction of Yurek or VanderSande where Yurek or VanderSande are the principal investigators, provided, however, that any rights to such Improvements granted herein are subject to M.I.T. contractual commitments to third party sponsors of research under which Improvements are made.

1.5 A “Licensed Product” shall mean any product or part thereof which:

(a) is covered in whole or in part by (i) a pending claim contained in a Patent Rights Patent Application in the country in which any Licensed Product is made, used or sold or (ii) a valid and unexpired claim contained in a Patent Rights Patent in the country in which any Licensed Product is made, used or sold; or

(b) is manufactured by using a process which is covered in whole or in part by (i) a pending claim contained in a Patent Rights Patent Application in the

E-3

country in which any Licensed Process is used or (ii) a valid or unexpired claim contained in a Patent Rights Patent in the country in which any Licensed Process is used.

1.6 A “Licensed Process” shall mean any process for making Licensed Products which is covered in whole or in part by:

(a) a pending claim contained in a Patent Rights Patent Application; or

(b) a valid and unexpired claim contained in a Patent Rights Patent.

1.7 “Net Sales Price” shall mean LICENSEE’s billings for Licensed Products produced hereunder less the sum of the following:

(a) Discounts allowed in amounts customary in the trade;

(b) Sales, tariff duties and/or use taxes directly imposed and with reference to particular sales;

(c) Outbound transportation prepaid or allowed; and

(d) Amounts allowed or credited on returns.

No deductions shall be made for commissions paid to individuals whether they be with independent sales agencies or regularly employed by LICENSEE and on its payroll, or for cost of collections. Licensed Products shall be considered “sold” when LICENSEE receives payment.

ARTICLE II—GRANT

2.1 M.I.T. hereby grants to LICENSEE the right and license to make, have made, use, lease and sell the Licensed Products, and to practice the Licensed Processes worldwide for all fields of use to the end of the term for which the Patent Rights are granted unless sooner terminated as hereinafter provided.

2.2 In order to establish a period of exclusivity for LICENSEE, M.I.T. hereby agrees that it shall not grant any other license to make, have made, use, lease and sell Licensed Products or to utilize Licensed Processes during the period of time commencing with the Effective Date of this Agreement and terminating with the first to occur of:

E-4

(a) The expiration of eight (8) years after the first commercial sale of a Licensed Product or first commercial use of a Licensed Process; or

(b) The expiration of eleven (11) years after the Effective Date of this Agreement.

2.3 At the end of the exclusive period, the license granted hereunder shall become nonexclusive and shall extend to the end of the term or terms for which any Patent Rights are issued, unless sooner terminated as hereinafter provided.

2.4 LICENSEE shall have the right to sublicense any of the rights, privileges and license granted hereunder. However, in no event may LICENSEE sublicense the Patent Rights at rates lower than those set forth in Article IV, without the prior written consent of M.I.T.

2.5 LICENSEE hereby agrees that every sublicensing agreement to which it shall be a party and which shall relate to the rights, privileges and license granted hereunder shall contain a statement setting forth the date upon which LICENSEE’s exclusive rights, privileges and license hereunder shall terminate.

2.6 LICENSEE agrees that any sublicenses granted by it shall provide that the obligations of this Agreement shall be binding upon the sublicensee as if At were a party to this Agreement. LICENSEE further agrees to attach copies of Articles II, V, VII, IX, X, XII, XIII, and XV of this Agreement to all sublicense agreements.

2.7 LICENSEE agrees to forward to M.I.T. a copy of any and all fully executed sublicense agreements, and further agrees to forward to M.I.T. annually a copy of such reports received by LICENSEE from its sublicensees during the preceding twelve (12) month period under the sublicenses as shall be pertinent to a royalty accounting under said sublicense agreements. If requested by LICENSEE, M.I.T. agrees to keep the names of sublicensees confidential.

2.8 LICENSEE shall not receive from sublicensees anything of value in lieu of cash payments based upon payment obligations of any sublicense under this Agreement, without the express prior written permission of M.I.T.

2.9 M.I.T. also grants the right to LICENSEE, upon LICENSEE’s election, to add to the Patent Rights of Appendix A patents filed or granted to Improvements, for the sum of [**] ($[**]) Dollars per Improvement patent.

E-5

2.10 The license granted hereunder shall not be construed to confer any rights upon LICENSEE by implication, estoppel or otherwise as to any technology not specifically set forth in Appendix A hereof.

ARTICLE III—DUE DILIGENCE

3.1 LICENSEE shall use reasonable efforts to bring one or more Licensed Products or Licensed Processes to market through a thorough, vigorous and diligent program for exploitation of the Patent Rights.

3.2 In addition, LICENSEE shall adhere to the following milestones:

(a) LICENSEE shall deliver to M.I.T. on or before six (6) months from the Effective Date a business plan showing the amount of money, number and kind of personnel and time budgeted and planned for each phase of development of the Licensed Products and Licensed Processes and shall provide financial summary reports to M.I.T. on an annual basis on or before the 90th day following the end of LICENSEE’s fiscal year.

(b) LICENSEE shall commercialize the Licensed Products or Licensed Processes within three (3) years as demonstrated by [**] Dollars ($[**]) in the combination of licensing, sales or contract research revenue and firm third party commitments for licensing, orders or contract research.

(c) LICENSEE shall raise at least [**] ($[**]) Dollars in equity investment within one (1) year of the Effective Date of this Agreement.

3.3 LICENSEE’s failure to perform in accordance with Paragraphs 3.1 and 3.2 above shall be grounds for M.I.T. to terminate this Agreement pursuant to Paragraph 7.3 hereof.

ARTICLE IV—COMPENSATION

4.1 For the rights, privileges and license granted hereunder, LICENSEE shall pay to M.I.T. in the manner hereinafter provided to the end of the term of the Patent Rights or until this Agreement shall be terminated as hereinafter provided:

(a) A license issue royalty fee of [**] Dollars ($[**]), which said license issue fee shall be deemed earned and due within five (5) days following the execution of this Agreement.

(b) A royalty in an amount equal to t[**] ([**]%) percent of the Net Sales Price of the Licensed Products leased or sold by or for LICENSEE or its sublicensees. In the event that LICENSEE is required to pay third parties royalties in excess of [**]% of Net Sales Price, M.I.T.’s royalty rate shall be lowered by half of the royalties paid in excess of [**]% to such third

E-6

parties; provided, however, that in no event shall M.I.T.’s royalty hereunder be less than [**]% of Net Sales Price.

(c) In the event that LICENSEE’S royalty payment to M.I.T. pursuant to Paragraph 4.1(b), during the third year after the [**] Dollars, LICENSEE shall, with its last report for said years, pay to M.I.T. the difference between said sum and the total royalties due M.I.T. for said year under 4.1(b) above.

4.2 No multiple royalties shall be payable because any Licensed Product, its manufacture, lease or sale are or shall be covered by more than one patent application or patent licensed under this Agreement.

4.3 Royalty payments shall be paid in United States dollars in Cambridge, Massachusetts, or at such other place as M.I.T. may reasonably designate consistent with the laws and regulations controlling in any foreign country. If any currency conversion shall be required in connection with the payment of royalties hereunder, such conversion shall be made by using the exchange rate prevailing at the Chase Manhattan Bank (N.A.) on the last business day of the calendar quarterly reporting period to which such royalty payments relate.

4.4 M.I.T. shall receive Common Stock, $.01 par value, from LICENSEE in an amount equal to [**]% of LICENSEE’s existing shares of all types following a $[**] financing of LICENSEE. In connection with the issuance of the stock, LICENSEE shall grant to M.I.T. a right of first refusal to participate, to the extent of its percentage interest in LICENSEE at such time, in future financings by LICENSEE. M.I.T. shall, at the time the stock is issued, designate one officer of M.I.T. who shall be empowered to vote, consent or otherwise take all actions relating to approvals by stockholders with respect to all stock of LICENSEE owned or to be acquired by M.I.T.

ARTICLE V—REPORTS AND RECORDS

5.1 LICENSEE shall keep full, true and accurate books of account containing all particulars that may be necessary for the purpose of showing the amounts payable to M.I.T. hereunder. Said books of account shall be kept at LICENSEE’S principal place of business or the principal place of business of the appropriate Division of LICENSEE to which this Agreement relates. Said books and the supporting data shall be open at all reasonable times for five (5) years following the end of the calendar year to which they pertain, to the inspection of

E-7

M.I.T. or its agents for the purpose of verifying LICENSEE’s royalty statement or compliance in other respects with this Agreement.

5.2 LICENSEE, within thirty (30) days after March 31, June 30, September 30 and December 31, of each year, shall deliver to M.I.T. true and accurate reports, giving such. particulars of the business conducted by LICENSEE and its sublicensees during the preceding three-month period under this Agreement as shall be pertinent to a royalty accounting hereunder. These shall include at least the following:

(a) All Licensed Products manufactured and sold.

(b) Total billings and collections for Licensed Products sold.

(c) Accounting for all Licensed Processes used or sold.

(d) Deductions applicable as provided in Paragraph 1.7.

(e) Total royalties due.

(f) Names and addresses of all sublicensees of LICENSEE.

5.3 With each such report submitted, LICENSEE shall pay to M.I.T. the royalties due and payable under this Agreement. If no royalties shall be due, LICENSEE shall so report.

5.4 On or before the 90th day following the close of LICENSEE’s fiscal year, LICENSEE shall provide M.I.T. LICENSEE’s certified financial statements for the preceding fiscal year including, at a minimum, a Balance Sheet and an operating

5.5 The royalty payments set forth in this Agreement. shall, if overdue, bear interest until payment at a per annum rate four percent (4%) above the prime rate in effect at the Chase Manhattan Bank (N.A.) on the due date. The payment of such interest shall not foreclose M.I.T. from exercising any other rights it may have as a consequence of the lateness of any payment.

ARTICLE VI—PATENT PROSECUTION

6.1 M.I.T. shall apply for, seek prompt issuance of, and maintain during the term of this Agreement the Patent Rights set forth in Appendix A. The prosecution and maintenance of all Patent Rights Patents and Applications shall be the primary responsibility of M.I.T.; provided, however, LICENSEE shall have reasonable opportunities to advise M.I.T. and shall cooperate with M.I.T. in such prosecution and maintenance.

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6.2 Payment of all fees and costs relating to the filing, prosecution, and maintenance of the Patent Rights shall be the responsibility of LICENSEE.

ARTICLE VII—TERMINATION

7.1 If LICENSEE shall cease to carry on its business, this Agreement shall terminate upon notice by M.I.T.

7.2 Should LICENSEE fail to pay M.I.T. royalties due and payable hereunder, M.I.T. shall have the right to terminate this Agreement on thirty (30) days notice, unless LICENSEE shall pay M.I.T., within the thirty (30) day period, all such royalties and interest due and payable. Upon the expiration of the thirty (30) day period, if LICENSEE shall not have paid all such royalties and interest due and payable, the rights, privileges and license granted hereunder shall terminate.

7.3 Upon any material breach or default of this Agreement by LICENSEE, other than those occurrences set out in Paragraphs 7.1 and 7.2 hereinabove, which shall always take precedence in that order over any material breach or default referred to in this Paragraph 7.3, M.I.T. shall have the right to terminate this Agreement and the rights, privileges and license granted hereunder by ninety (90) days’ notice to LICENSEE. Such termination shall become effective unless LICENSEE shall have cured any such breach or default prior to the expiration of the ninety (90) day period.

7.4 LICENSEE shall have the right to terminate this Agreement at any time on six (6) months’ notice to M.I.T., and upon payment of all amounts due M.I.T.

7.5 Upon termination of this Agreement for any reason, nothing herein shall be construed to release either party from any obligation that matured prior to the effective date of such termination. LICENSEE and any sublicensee thereof may, however, after the effective date of such termination, sell all Licensed Products, and complete Licensed Products in the process of manufacture at the time of such termination and sell the same, provided that LICENSEE shall pay to M.I.T. the royalties thereon as required by Article IV of this Agreement and shall submit the reports required by Article V hereof on the sales of Licensed Products.

7.6 Upon termination of this Agreement for any reason during the exclusive period, any sublicensee not then in default shall have the right to obtain an, equivalent license from M.I.T.

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ARTICLE VIII—ARBITRATION

8.1 Except as to issues relating to the validity, construction or effect of any patent licensed hereunder, any and all claims, disputes or controversies arising under, out of, or in connection with this Agreement, which have not been resolved by good faith negotiations between. the parties, shall be resolved by final and binding arbitration in Boston, Massachusetts under the rules of the American Arbitration Association then obtaining. The arbitrators shall have no power to add to, subtract from or modify any of the terms or conditions of this Agreement. Any award rendered in such arbitration may be enforced by either party in either the courts of the commonwealth of Massachusetts or in the United States District Court for the District of Massachusetts, to whose jurisdiction for such purposes M.I.T. and LICENSEE each hereby irrevocably consents and submits. Each party agrees to pay its own expenses incurred in connection with such arbitration.

8.2 Claims, disputes or controversies concerning the validity, construction or effect of any patent licensed hereunder shall be resolved in any court having jurisdiction thereof.

8.3 In the event that, in any arbitration proceeding, any issue shall arise concerning the validity, construction or effect of any patent licensed hereunder, the arbitrators shall assume the validity of all claims as set forth in such patent; in any event the arbitrators shall not delay the arbitration proceeding for the Purpose of obtaining or permitting either party to obtain judicial resolution of such issue, unless an order staying such arbitration proceeding shall be entered by a court of competent jurisdiction. Neither party shall raise any issue concerning the validity, construction or effect of any patent licensed hereunder in any proceeding to enforce any arbitration award hereunder or in any proceeding otherwise arising out of any such arbitration award.

8.4 Notwithstanding the foregoing, nothing in this Article shall be construed to waive any rights or timely performance of any obligations existing under this Agreement.

ARTICLE IX—INFRINGEMENT

9.1 LICENSEE shall inform M.I.T. promptly in writing o f any alleged infringement and of any available evidence of infringement by a third party of any patents within the Patent Rights.

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9.2 During the term of this Agreement, LICENSEE shall have the right, but shall not be obligated, to prosecute at its own expense any such infringements of the patent Rights and, in furtherance of such right, LICENSEE hereby agrees that M.I.T. may join LICENSEE as a party plaintiff in any such suit, without expense to M.I.T., provided, however, that such right to bring an infringement action shall remain in effect only for so long as the license granted herein remains exclusive. No settlement, consent judgment or other voluntary final disposition of the suit may be entered into without the consent of M.I.T., which consent shall not unreasonably be withheld. LICENSEE shall indemnify M.I.T. against any order for costs that may be made against M.I.T. in such proceedings. The total cost of any such infringement action commenced or defended solely by LICENSEE shall be borne by LICENSEE, and LICENSEE shall keep any recovery or damages for past infringement derived therefrom, after the payment to M.I.T. of royalties on the infringing products or processes at a royalty rate equal to that of Paragraph 4.1(b).

9.3 If within six (6) months after having been notified of any alleged infringement, LICENSEE shall have been unsuccessful in persuading the alleged infringer to desist and shall not have brought and shall not be diligently prosecuting an infringement action, or if LICENSEE shall notify M.I.T. at any time prior thereto of its intention not to bring suit against any alleged infringer, then, and in those events only, M.I.T. shall have the right, but shall not be obligated, to prosecute at its own expense any infringement of the Patent Rights, and M.I.T. may, for such purposes, use the name of LICENSEE as party plaintiff without expense to LICENSEE, and M.I.T. shall keep any recovery or damages derived therefrom.

9.4 In the event that LICENSEE shall undertake the enforcement and/or defense of the Patent Rights by litigation, LICENSEE may withhold up to fifty, percent (50%) of the royalties otherwise thereafter due M.I.T. hereunder and apply the same toward reimbursement of its expenses, including reasonable attorneys’ fees, in connection therewith. Any recovery of damages by LICENSEE for any such suit shall be applied first in satisfaction of any unreimbursed expenses and legal fees of LICENSEE relating to the suit, and next toward reimbursement of M.I.T. for any royalties past due or withheld and applied pursuant to this Article IX.

9.5 In the event that a declaratory judgment action alleging invalidity or noninfringement of any of the Patent Rights shall be brought against LICENSEE, M.I.T., at its

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option, shall have the right, within thirty (30) days after commencement of such action, to intervene and take over the sole defense of the action at its own expense.

9.6 In any infringement suit as either party may institute to enforce the Patent Rights pursuant to this Agreement, the other party hereto shall, at the request and expense of the party initiating such suit, cooperate in all respects and, to the extent possible, have its employees testify when requested and make available relevant records, papers, information, samples, specimens, and the like.

9.7 LICENSEE, during the exclusive period of this Agreement, shall have the sole right in accordance with the terms and conditions herein to sublicense any alleged infringer under the Patent Rights for future infringements.

ARTICLE X—PRODUCT LIABILITY

10.1 LICENSEE shall at all times during the term of this Agreement and thereafter, indemnify, defend and hold M.I.T., its trustees, officers, employees and affiliates, harmless against all claims and expenses, including legal expenses and reasonable attorneys, fees, arising out of the death of or injury to any person or persons or out of any damage to property and against any other claim, proceeding, demand, expense and liability of any kind whatsoever resulting from the production, manufacture, sales, use, lease, consumption or advertisement of the Licensed Product(s) and/or Licensed Process(es) or arising from any obligation of LICENSEE hereunder.

10.2 LICENSEE shall use reasonable efforts to obtain and carry in full force and effect liability insurance which shall protect LICENSEE and M.I.T. in regard to events covered by Paragraph 10.1 above.

10.3 Except as otherwise expressly set forth in this Agreement, M.I.T. makes no representations and extends no warranties of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, and validity of Patent Rights claims issued or pending.

ARTICLE XI—ASSIGNMENT

This Agreement may not be assigned except in conjunction with the sale or transfer of substantially all of LICENSEE’S assets.

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ARTICLE XII—NON-USE OF NAMES

LICENSEE shall not use the names of the Massachusetts Institute of Technology nor of any of its employees, nor any adaptation thereof, in any advertising, promotional or sales literature without prior written consent obtained from M.I.T. in each case, except that LICENSEE may state that it is licensed by M.I.T. under one or more of the patents and/or applications comprising the Patent Rights.

ARTICLE XIII—EXPORT CONTROLS

It is understood that M.I.T. is subject to United States laws and regulations controlling the export of technical data, computer software, laboratory prototypes and other commodities (including the Arms Export Control Act, as amended, and the Export Administration Act of 1979), and that its obligations hereunder are contingent on compliance with applicable United States export laws and regulations. The transfer of certain technical data and commodities may require a license from the cognizant agency of the United States Government and/or written assurances by LICENSEE that LICENSEE shall not export data or commodities to certain foreign countries without prior approval of such agency. M.I.T. neither represents that a license shall not be required nor that, if required, it shall be issued.

ARTICLE XIV—PAYMENTS, NOTICES

AND OTHER COMMUNICATIONS

Any payment, notice or other communication pursuant to this Agreement shall be sufficiently made or given on the date of mailing if sent to such party by certified first class mail, postage prepaid, addressed to it at its address below or as it shall designate by written notice given to the other party:

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In the case of M.I.T.:

Director

Technology Licensing Office

Massachusetts Institute of Technology

77 Massachusetts Avenue, Room E32-300

Cambridge, Massachusetts 02139

In the case of LICENSEE:

President

American Superconductor Corporation

c/o American Research and Development Inc.

45 Milk Street

Boston, Massachusetts 02109

ARTICLE XV—MISCELLANEOUS PROVISIONS

15.1 This Agreement shall be construed, governed, interpreted and applied in accordance with the laws of the Commonwealth of Massachusetts, U.S.A., except that questions affecting the construction and effect of any patent shall be-determined by the law of the country in which the patent was granted.

15.2 The parties hereto acknowledge that this Agreement sets forth the entire Agreement and understanding of the parties hereto as to the subject matter hereof, and shall not be subject to any change or modification except by the execution of a written instrument subscribed to by the parties hereto.

15.3 The provisions of this Agreement are severable, and in the event that any provision of this Agreement shall be determined to be invalid or unenforceable under any controlling body of law, such invalidity or unenforceability shall not in any way affect the validity or enforceability of the remaining provisions hereof.

15.4 LICENSEE agrees to mark the Licensed Products sold in the United States with all applicable United States patent numbers. All Licensed Products shipped to or sold in other countries shall be marked in such a manner as to conform with the patent laws and practice of the country of manufacture or sale.

15.5 The failure of either party to assert a right hereunder or to insist upon compliance with any term or condition of this Agreement shall not constitute a waiver of that right or excuse a similar subsequent failure to perform any such term or condition by the other party.

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IN WITNESS WHEREOF, the parties have hereunto set their hands and seals and duly executed this Agreement the day and year set forth below.

MASSACHUSETTS INSTITUTE OF TECHNOLOGY
By		/s/ George H. Dummer
Name		George H. Dummer, Director
Title		Office of Sponsored Programs
Date		7/6/87
AMERICAN SUPERCONDUCTOR CORPORATION
By		/s/ George McKenney
Name		George McKenney
Title		President
Date		7/2/87

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Appendix A

M.I.T. Case No. 4405

“Process for Making Super Conducting Oxides (in usable form) by oxidation of Alloys of the Metallic Constituents”

By John B. VanderSande and Gregory J. Yurek

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