LICENSE AND TECHNICAL ASSISTANT
NAMYANG INDUSTRIAL CO., LTD.
JINGZHOU HENG LONG AUTOMOTIVE PARTS CO., LTD.
This Agreement, made and entered into effective on 21st day July of 2003 by and between NAM YANG
INDUSTRIAL CO., LTD., a Korean corporation having registered office at 390, Moknai-Dong, Danwon-gu,
Ansan-City, Kunggi-Do, Republic of Korea
(hereinafter referred to as "NAMYANG")
JINGZHOU HENG LONG AUTOMOTIVE PARTS CO., LTD. Having its registered address at No.1 Heng
Long Rd., Yuqiao Exploration District, Hubei, China PC 43400 (hereinafter referred to as "HENGLONG").
WHEREAS, "NAMYANG" has been engaged for many years in manufacturing steering columns & universal
joints assembly for automobiles and selling them in Korea and in overseas market and has developed technology
and possesses technical information concerning the design, development, manufacturing and sales of "Licensed
Product" as stipulated in Article I.; and,
WHEREAS, "HENGLONG" is a manufacturer of steering columns and universal joints and selling them in China
and is desirous of assembly and manufacturing steering column & universal joint assembly under "NAMYANG's"
technical information and assistance for the same; and
"NAMYANG" agrees to provide "HENGLONG" for due consideration with technical information and assistance
for manufacturing steering column & universal joint assembly under the terms and conditions prescribed herein
and now, therefore the partied hereto agree as follow:
ARTICLE I - DEFINITIONS
When used in this Agreement, each of the following terms set forth in this Article I shall have the meaning defined
1. "Licensed Product"
"Licensed Product" shall mean Lower Tilt and Collapsible Steering Column & Universal Joint Assembly
manufactured by "HENGLONG" by using of technical information and assistance provided by "NAMYANG" to
be installed in automobile model "Zhonghua" manufactured by Shenyang Brilliance Automobile Co., LTD