DATED April 2002 TRENCH LIMITED AND SHANGHAI INSTRUMENT TRANSFORMER WORKS CO LTD SHANGHAI SITICO INTERNATIONAL TRADING COMPANY AND MWB (SHANGHAI) CO LTDShunt 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.
