0000909567-03-000438 Sample Contracts

DATED April 2002 TRENCH LIMITED AND SHANGHAI INSTRUMENT TRANSFORMER WORKS CO LTD SHANGHAI SITICO INTERNATIONAL TRADING COMPANY AND MWB (SHANGHAI) CO LTD
Series Reactor Technology Head-Licence Agreement • March 26th, 2003 • Trench Electric Bv • General industrial machinery & equipment • Hong Kong

For the purposes of this Agreement, SITW shall be referred to as the “Licensee” unless otherwise provided. SITICO shall act as the agent of the Licensee only for the import of the Series Reactor Technology and Know-how, which shall only be obliged to perform the payment obligations and other related commercial obligations as agent for SITW related to the import of the Series Reactor Technology and Know-how. SITICO shall not acquire any rights in relation to this Series Reactor Technology and Know-how as a result of entering into this Agreement. SITICO will not be responsible for any breach by the Licensee and the Joint Venture Company.

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EQUITY TRANSFER AGREEMENT
Equity Transfer Agreement • March 26th, 2003 • Trench Electric Bv • General industrial machinery & equipment

PARTIES: Fushun Electric Porcelain Works, an enterprise organised and existing pursuant to the Laws of the People’s Republic of China (“PRC”), and registered with the Fushun Municipality Administration of Industry and Commerce, Liaoning Province with its legal address at 2 Liquan Road, Xinfu District, Fushun, Liaoning Province, PRC (“Transferor”).

DATED April 2002 TRENCH LIMITED AND SHANGHAI INSTRUMENT TRANSFORMER WORKS CO LTD SHANGHAI SITICO INTERNATIONAL TRADING COMPANY AND MWB (SHANGHAI) CO LTD
Line Trap Technology Head-Licence Agreement • March 26th, 2003 • Trench Electric Bv • General industrial machinery & equipment • Hong Kong

For the purposes of this Agreement, SITW shall be referred to as the “Licensee” unless otherwise provided. SITICO shall act as the agent of the Licensee only for the import of the Line Trap Technology and Know-how, which shall only be obliged to perform the payment obligations and other related commercial obligations as agent for SITW related to the import of the Line Trap Technology and Know-how. SITICO shall not acquire any rights in relation to this Line Trap Technology and Know-how as a result of entering into this Agreement. SITICO will not be responsible for any breach by the Licensee and the Joint Venture Company.

DATED April 2002 TRENCH LIMITED AND SHANGHAI INSTRUMENT TRANSFORMER WORKS CO LTD SHANGHAI SITICO INTERNATIONAL TRADING COMPANY AND MWB (SHANGHAI) CO LTD
Shunt Reactor Technology Head-Licence Agreement • March 26th, 2003 • Trench Electric Bv • General industrial machinery & equipment • Hong Kong

For the purposes of this Agreement, SITW shall be referred to as the “Licensee” unless otherwise provided. SITICO shall act as the agent of the Licensee only for the import of the Shunt Reactor Technology and Know-how, which shall only be obliged to perform the payment obligations and other related commercial obligations as agent for SITW related to the import of the Shunt Reactor Technology and Know-how. SITICO shall not acquire any rights in relation to this Shunt Reactor Technology and Know-how as a result of entering into this Agreement. SITICO will not be responsible for any breach by the Licensee and the Joint Venture Company.

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