Clause 10

by deleting the word “or” at the end of subsection (1)(d);

by deleting the comma at the end of paragraph (e) of subsection (1) and substituting a semi-colon, and by inserting immediately thereafter the following paragraphs:“(f)on or after 1st April 1995 by an approved firm or company resident in or having a permanent establishment in Singapore which is the holder of a master franchise or master intellectual property licence in establishing, maintaining or otherwise participating in an approved local or overseas trade fair or exhibition, trade mission or trade promotion activity for the primary purpose of promoting the provision of services overseas in connection with the use overseas of any right under the franchise or licence; or

on or after 1st April 1995 by an approved firm or company resident in Singapore which is the holder of a master franchise or master intellectual property licence in maintaining an approved overseas trade office established exclusively for the purpose of promoting the provision of services overseas in connection with the use overseas of any right under the franchise or licence,”; and

by deleting subsection (4) and substituting the following subsection:“(4) For the purposes of this section —“approved” means approved by the Minister or such person as he may appoint;“master franchise” means any agreement under which the franchisor authorises or permits the franchisee to use in Singapore or overseas a business system owned or controlled by the franchisor, including the sub-franchising of the business system;“master intellectual property licence” means any licence under which the licensor authorises or permits the licensee to use in Singapore or overseas the rights under a patent, copyright, trademark, design or know-how, including the sublicensing of the same.”.