Document:

ex4-7.htm

Exhibit 4.7

 

Summary of Agreement between Hainan Jinpan Electric Co. Ltd. and Siemens Ltd. China to license SIVACON 8PT low-voltage switchboard

Siemens Ltd. China (“Siemens”) entered into a licensing agreement (“Agreement”) with Hainan Jinpan Electric Co. Ltd. (“Hainan Jinpan”) on May 16, 2011.   Siemens granted Hainan Jinpan the non-exclusive and non-transferable right to sell and to manufacture SIVACON 8PT low-voltage switchboard (“Licensed Product”) at its plant at No. 168, Nanhai Avenue, 7# plant, Haikou Free Trade Zone, Haikou city, Hainan Province, China.  Siemens conferred to Hainan Jinpan the right to use the trademark “SIVACON” to label the Licensed Product, but did not otherwise authorize Hainan Jinpan to use Siemen’s company name or trademark on the Licensed Product.  In consideration for the documentation of technical documentation and rights granted by Siemens, Hainan Jinpan agreed to pay Siemens a gateway fee of RMB 525,000 within 30 days of the effective date of the Agreement and a unit license fee of RMB 578 through the purchase of identification plates from Siemens.

Siemens agreed to provide to Hainan Jinpan start -up assistance, training, and consultancy services in connection with the licensing.  Hainan Jinpan agreed, agreed to require its supplier, to maintain a quality assurance system as stipulated in a separate Quality Assurance Agreement (“QAA”) and to monitor the Licensed Products in accordance with the regulations in the QAA.  Siemens is entitled to conduct audits to monitor compliance with the QAA.

Hainan Jinpan agreed to purchase certain function/design relevant system components stipulated in the Agreement from Siemens or from an authorized supplier designated by Siemens.  Hainan Jinpan agreed to manufacture all other mechanical components itself or purchase them from Siemens or a supplier authorized by Siemens.  Hainan Jinpan agreed to use components manufactured or purchased only for the manufacture of the Licensed Product.  The components may not be sold unless with the written consent of Siemens.

Siemens agreed to correct errors in the technical information immediately and at no charge and to supply the missing technical information immediately upon the written request of Hainan Jinpan.  Siemens and Hainan Jinpan also agreed that the parties shall refrain from infringement upon third party rights in the People’s Republic of China by performance of the Agreement.  However, where such infringement does occur, Siemens may at its own discretion either improve and/or amend the technologies concerned to make them non-infringing or obtain necessary rights from such third party or rescind the Agreement.  Hainan Jinpan cannot claim any other remedies from Siemens in case of infringement. Siemens agreed to ensure that the trademark “SIVACON”, which is the sole property of Siemens AG, is registered and protected in the People’s Republic of China for at least five (5) years after this Agreement, has come into force.  Siemens declared that it is not aware of any third-party rights which prevent manufacture and sale of the Licensed Products as provided for in this Agreement.  In the absence of any contrary agreement in this paragraph,   Siemens excluded all warranty / liability claims in irrespective of their legal basis.

Siemens and Hainan Jinpan agreed that Siemens is not obliged to maintain the industrial property rights licensed or to take action against third parties for breach of the industrial property right.  Hainan Jinpan is entitled to take legal action against third parties that infringe the rights conferred upon Hainan Jinpan by virtue of the Agreement.  Siemens shall support Hainan Jinpan in these measures to the best of tis ability, excluding any financial assistance.

 

The Agreement runs initially for three (3) years and then automatically renews for one (1) year at a time unless one of the parties gives other six (6) months of advanced written notice.ex4-8.htm

Exhibit 4.8

 

Summary of Agreement between Hainan Jinpan Electric Co. Ltd. and Hainan Si Hai Industrial Commercial Consolidated Company to lease factory building in the Haikou facility

Hainan Si Hai Industrial Commercial Consolidated Company (“Lessor”) and Hainan Jinpan Electric Co. Ltd. (“Lessee”) enter into agreement (“Agreement”) to lease factory building unit 5 located in the Jinpan Development Zone (the “Property”) on August 16, 2011.  Key terms of the lease are as follows:

	
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The Property is 6,952 square meters.  The Lessee is responsible for the renovating, equipping, and maintaining the Property

	
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The term of the lease is two (2) years, beginning on January 1, 2012 and ending on December 31, 2013.

	
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The monthly rent is RMB 76,472.  Rent is payable on a quarterly basis.  The Lessee shall in the first month of quarter, between the 1st and 7th day of the month, wire transfer the rent for the quarter to the Lessor’s bank account.

	
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The Lessor can terminate the lease in the following circumstances:

	
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the Lessee transfers or subleases the Property without the Lessor’s consent;

	
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the Lessee use the Property to conduct illegal activities or to harm the public interest;

	
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the Lessee fails to make rent payment for a cumulative period of three months; or

	
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the Lessee renovates or changes the structure of the Property without the Lessor’s consent.

	
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At the end of the lease term, if the Lessee cannot find another suitable property, the Lessor shall extend the term of the lease accordingly.  At the end of the lease term, if the Lessor wants to continue to lease the Property, then the Lessee has priority to renew the lease.

	
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In the event that the Lessor seeks to sell the Property, the Lessor shall give three months’ notice to the Lessee and give Lessee priority to buy the Property under the same terms as other buyers.  Sale of the Property by the Lessor to a buyer binds the buyer to the lease.

	
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If the Lessee seeks to terminate the lease prior the expiration of this Agreement, the Lessee shall give three months’ notice to the Lessor provided that the Lessee does not owe Lessor any unpaid rent.  If the Lessor agrees, then the Lessee can terminate the lease.

	
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If the Lessee fails to pay rent 10 days past the due date, then the Lessee shall pay the Lessor a late fee equal to 0.3% of rent owed for each day past due.

	
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If the Lessee fails to pay three (3) months of overdue rent on a timely basis and the Lessor is not successful in obtaining payment from the Lessee or if the Lessee vacates the Property, then the Lessor may (i) seize and dispose the Lessee’s equipment and other property (ii) take the security deposit to satisfy any damages, if the Lessor gives public notice and the Lessee fails to respond within fifteen (15) days of the publication of such notice.ex4-9.htm

Exhibit 4.9

 

Summary of Agreement between Jinpan Electric Group (Shanghai) Co. Ltd. and Beijing Shi Xin Steel Frame Co. Ltd. to construct steel frame for factory building in the Shanghai facility

Jinpan Electric Group (Shanghai) Co. Ltd. (“Shanghai Jinpan”) entered into an agreement (“Agreement”) with Beijing Shi Xin Steel Frame Co. Ltd. (“BSX”) on May 23rd, 2011 for the construction the steel frame of a factory building in Shanghai (“Factory Building C”).   Pursuant to the Agreement, BSX shall supply materials and construct the steel frame of Factory Building C, located at No. 999 Hui Jin Road, Qin Pu District, Shanghai.  BSX shall not outsource the construction of any part of the steel frame to any part outside its corporate group.  BSX shall commence construction on May 5, 2011 and complete construction on July 19, 2011.  The total construction period is 75 days including time to prepare construction materials, of which steel shall be delivered on site on June 19, 2011.  At least one (1) week prior to the delivery of the steel, BSX shall confirm with Shanghai Jinpan.   If the delivery of the steel is delayed, then the construction period shall be extended accordingly.  The total contract price is RMB 6.3 million.ex4-10.htm

Exhibit 4.10

 

Summary of Agreement between Jinpan Electric Group (Shanghai) Co. Ltd. and Shanghai Kai Tian Construction Group Co. Ltd. to construct factory building in the Shanghai facility

Jinpan Electric Group (Shanghai) Co. Ltd. (“Shanghai Jinpan”) entered into an agreement (“Agreement”) with Shanghai Kai Tian Construction Group Co. Ltd. (“SKT”) on May 3, 2011 for the construction of a factory building (“Factory Building C”).  Pursuant to the Agreement, SKT shall supply materials and construct Factory Building C (excluding construction of the steel frame).    SKT shall coordinate the installation of the steel frame and shall be responsible for the overall quality and progress of the construction.  SKT shall commence construction on May 5, 2011 and complete construction on July 30, 2011.  The construction period is 85 days, during which the site must be ready for the construction of the steel frame by June 15, 2011.  The total contract price is RMB 4.402 million (including the price for the installation of the steel frame).ex4-11.htm

Exhibit 4.11

 

Summary of Agreement between Guilin Jun Tai Fu Construction and Development Co. Ltd. and Zhe Jiang Qing Ye Construction Design Co. Ltd. to design factory buildings, roads, and associated networks in the Guilin facility

Guilin Jun Tai Fu Construction and Development Co. Ltd. (“Guilin JTF”) entered into an agreement (“Agreement”) with Zhe Jiang Qing Ye Construction Design Co. Ltd. (“QYC Design”) on February 1, 2011 for the design of four factory buildings, roads, and associated network facilities for Guilin JTF’s Green Energy Smart Grid Industrial Plant, located within the Guilin Tie Shan Industrial Park.  Guilin JTF shall provide to QYC Design documents on government authorization, property survey, geological survey reprot, work flow layout, and design requirements.  QYC Design shall deliver to Guilin JTF construction plans and drawings and documents for the application of government approval.  The total contract price is RMB 457,788.  Gulin JTF shall pay QYC Design 30% of the contract price within seven (7) days of signing of the Agreement, 30% of the contract price within seven (7) days of the delivery of the construction plans and drawings, 30% of the contract price within seven (7) days of the issuance of the construction plans and drawings inspection report, and the remaining 10% within seven (7) days of the completion, inspection and acceptance of the construction of the designed buildings and structures.

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