EX-10.1 3 dex101.htm LICENSE AGREEMENT 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 5-33 Kitahama, 4-chome, Chuo-ku, Osaka Japan, 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 sue 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 Viale Sarca, 222-20126 Milano Italy.

 

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 sue 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 sue 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 sue 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 sue 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 sue 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 sue 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 sue 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 sue 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 sue 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 sue 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 sue 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

One Federal Street

Boston, MA 02110

USA

011-000-138 (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, Chuo-ku,

 

Osaka, 541-0041, Japan

 

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.

5-33 Kitahama, 4-chome, Chuo-ku, Osaka

Japan

 

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).

 

12

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 sue 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 sue 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 sue 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 sue 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 teems of this Agreement.

 

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

 

Sumitomo Electric Industries, Ltd.

By:

  

/s/ Hironaga Matsubara

    Hironaga Matsubara

Date:

  

June 10, 2003

American Superconductor Corporation

By:

  

/s/ Alexis P. Malozemoff

    Alexis P. Malozemoff

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    NIMS
     EP   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    NIMS
     NL   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    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 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    H02022855    1/31/1990    H03226923    10/7/1991    3109077    9/14/2000    JST

2

    JP    H05108395    5/10/1993    H06243745    9/2/1994              JST

3

    JP    H05336852    12/28/1993    H07105753    4/21/1995              JST

4

    JP    H05336853    12/28/1993    H07201232    8/4/1995    3253440    11/22/2001    JST

5

    JP    H06069183    4/7/1994    H07282659    10/27/1995              JST

6

    JP    H07268810    10/17/1995    H08171822    7/2/1996              JST

7

    JP    H05091197    4/19/1993    H06302235    10/28/1994    3051867    4/7/2000    JST

8

    JP    H03161947    7/3/1991    H05012940    1/22/1993    3253318    11/22/2001    JST

9

    JP    H04288735    10/27/1992    H06139848    5/20/1994              JST

10

    JP    H05125835    5/27/1993    H06338230    12/6/1994              JST

11

    JP    H05130221    6/1/1993    H06342607    12/13/1994              JST

12

    JP    H05140641    6/11/1993    H06349358    12/22/1994              JST

13

    JP    H06200476    8/25/1994    H08064044    3/8/1996              JST&NIMS

14

    JP    H06239891    10/4/1994    H07249328    9/26/1995              JST

15

    JP    H07078629    4/4/1995    H08273451    10/18/1996              JST&NIMS

16

    JP    H07236986    9/14/1995    H09082153    3/28/1997              JST

17

    JP    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 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 et.al.

 

Current Lead

 

No.
    Country
    Application
No.
    File Date
    Publication
No.
    Publicate
Date
    Patent
No.
    Issue Date
   

Co Owner

1

    JP    H08350078    12/27/1996    H10188691    7/21/1998    3151159    1/19/2001    Fuji Electric Co.Ltd & Japan Atomic Energy Research Institute

2

    JP    H05078119    4/5/1993    H06295625    10/21/1994    3098887    8/11/2000    Japan Atomic Energy Research Institute

3

    JP    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    NIMS
     EP    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    NIMS
     NL    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    H02022855    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    H06069183    1994/4/7    H07282659    1995/10/27          

6

    JP    H07268810    1995/10/17    H08171822    1996/7/2          

7

    JP    H05091197    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    1996/3/8          

14

    JP    H06239891    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    H10318063    1998/11/9    2000-149676    2000/5/30          

6

    JP    H08349504    1996/12/27    H10194744    1998/7/28          

7

    JP    H10133330    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    H08350078    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 5-33 Kitahama, 4-chome, Chuo-ku, Osaka Japan, and Pirelli S.p.A. (“Pirelli”), an Italian corporation having its principal place of business at Viale Sarca222, 20126 Milano Italy.

 

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 sue 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 sue 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 sue 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, Chuo-ku,

 

Osaka, 541-0041, Japan

 

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.

Viale Sarca 222

2016 Milan

Italy

 

If addressed to SEI:

 

General Manager

Legal Department

Sumitomo Electric Industries, Ltd.

5-33 Kitahama, 4-chome, Chuo-ku, Osaka

Japan

 

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 sue 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 sue 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 sue 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 sue 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 sue 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/ Hironaga Matsubara

    Hironaga Matsubara

Date:

  

June 10, 2003

Pirelli S.p.A.

By:

  

/s/ Pier Giovanni Giannesi

    Pier Giovanni Giannesi

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 et.al.

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

 

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       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

 

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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

 

A-1