EXHIBIT 10(q)
PARTNERSHIP AGREEMENT
This Agreement is entered into this 16th day of February, 2001 by the Legally
Authorised Partners to the Agreement as below, It is acknowledged that the
details pertaining to the actual work and financial aspects of this Agreement
will be determined during a period of thirty [30] days from the signing of this
Agreement and shall be appended to, and become an integral part of this
document.
By their signatures to this Agreement, Xxx Xxxxx, of Power Technology, Las
Vegas, Nevada, in the USA, and Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx, [Party A],
and, Xxxx. Xxx Sheng Min, representing Department of Science and Technology
Development of Peking University, Haidian, Beijing, China, and PU Lead Company,
of Haidian, Beijing, China, [Party B], do Agree that, with immediate effect they
shall co-operate in the field of Electro-Chemistry for their mutual benefit.
By their signatures to this agreement, the Parties confirm that they shall share
with each other, such technology and data that is relevant to the advancement of
Party A's development and technical superiority, both in the Peoples Republic of
China and elsewhere. Party B confirms that, other than by mutual agreement, all
information and discoveries resulting from their work with Party A shall be
applied for the exclusive benefit of Party A. Both Parties confirm by their
signatures that full conditions of confidentiality, non-disclosure and
non-circumvention are an integral part of this agreement and that these
conditions shall apply to all work undertaken at the specific request of Party
A. Similarly, Party A confirms that it shall not use to its own and individual
advantage, any materials, data, or discoveries provided to it by Party B. Such
information will, by discussion and mutual agreement be exploited for the mutual
benefit of the Parties.
Party A agrees that it shall make available to Party B, such funds, information,
equipment, materials and people as are Necessary for Party B to undertake its
work resulting from this Agreement.
This Agreement is entered into in a spirit of goodwill and transparency which
shall continue throughout the life of the Partnership, in the event however of
any dispute which can not be settled by the Parties themselves, they shall be
resolved by the decision of one independent Arbiter, appointed by the
International Chamber of Commerce and sitting in an independent Country.
The terms of this Agreement shall initially be for a period of three years, it
may however be extended beyond that period by the agreement of the parties.
This document is deemed to be substantially comprehensive, subject to detail
terms and conditions agree during the coming thirty [30] days.
Signed /s/ Xxx Xxxxx Xxx Xxxxx 15.02.2001
---------------------------------
For, and on behalf of Power Technology
Signed /s/ Cai Sheng Min Cai Sheng Min 15.02.2001
---------------------------------
For, and on behalf of Department of Science and Technology
Development of Peking University and PU Lead Company
