THE SUPPLEMENTAL AGREEMENT Sample Clauses

THE SUPPLEMENTAL AGREEMENT. On 9 September 2020 (after the trading hours of the Stock Exchange), the Purchaser, the Vendor and the Covenantor entered into a supplemental sale and purchase agreement (the ‘‘Supplemental Agreement’’), pursuant to which the Purchaser, the Vendor and the Covenantor have agreed to vary certain terms of the Sale and Purchase Agreement. The variation was due to amendments to the regulations by the China Securities Regulatory Commission (the “CSRC”) in 2020, which provide that, amongst others, any approvals required from the CSRC in connection with the PRC-licensed entity's establishment, acquisition or investment in overseas entities engaging in securities business shall be changed from requiring prior approval to a post-transaction filing with the CSRC. A summary of amendments to the terms of the Sale and Purchase Agreement are set out as follows: Amendment to condition precedent The Purchaser, the Vendor and the Covenantor agreed that the condition precedent of the Sale and Purchase Agreement as set out as condition precedent (c) in the Announcement, which provides that an approval from the CSRC having been obtained by SWHYSC in relation to the Disposal, shall be deleted in its entirety. Accordingly, all references to this condition precedent in other clauses of the Sale and Purchase Agreement shall be amended. Post-Completion undertaking The Purchaser, the Vendor and the Covenantor agreed that the following clause shall be inserted into the Sale and Purchase Agreement: "POST-COMPLETION UNDERTAKING The Parties shall use their best endeavours to procure that all post-completion formalities including disclosure, notices or filings with any Governmental Body shall be completed as soon as practicable after Completion and in any event within the period in accordance with the applicable laws and regulatory requirements." The Purchaser, the Vendor and the Covenantor undertake to act as stated in the inserted clause above. Save as disclosed above, all other terms and conditions under the Sale and Purchase Agreement remain unchanged and in full force and effect. The terms of the Supplemental Agreement were arrived at after arm’s length negotiations between the Purchaser, the Vendor and the Covenantor, and the Directors consider that the terms of the Supplemental Agreement are fair and reasonable and in the interest of the Company and the Shareholders as a whole. By order of the Board
THE SUPPLEMENTAL AGREEMENT. The principal amendments made to the terms of the Joint Venture Agreement after the implementation of the Notices are as follows: TOTAL INVESTMENT AMOUNT The total budget investment amount of the PPP project was RMB737,847,500. REGISTERED CAPITAL AND CAPITAL CONTRIBUTION The registered capital of the JV Company was RMB184,467,500. The amount will be undertaken by the Company and the JV Partners respectively as follows: Amount of capital contribution Shareholding percentage (RMB) (%) The Company 165,836,300.00 89.9% Qinbei Construction 18,446,700.00 10% YCIH 184,500.00 0.1% Total 184,467,500.00 100% The procedure of changes in registration for the adjusted registered capital and total investment amount will be completed upon the signing of the Supplemental Agreement. The terms of the Supplemental Agreement were arrived at by the parties to the Joint Venture Agreement after arm’s length negotiations and on normal commercial terms. The Directors consider that the terms of the Supplemental Agreement are fair and reasonable and are in the interests of the Company and its shareholders as a whole. COMPLIANCE WITH THE LISTING RULES This announcement is made by the Company pursuant to Rule 14.36 of the Listing Rules, as the entering into the Supplemental Agreement constitutes variations to the terms of the transactions previously announced under the Previous Announcement. By order of the Board Yunnan Water Investment Co., Limited* Yang Tao Chairman Kunming, the PRC 8 March 2019 As at the date of this announcement, the executive Directors are Mr. Yu Long (Vice-chairman) and Mr. Yang Fang, the non-executive Directors are Mr. Yang Tao (Chairman), Ms. Li Bo, Mr. He Yuanping, and Mr. Feng Zhuangzhi, and the independent non-executive Directors are Mr. Liu Shuen Kong, Mr. Hu Song and Mr. Ma Shihao.
THE SUPPLEMENTAL AGREEMENT. The Board announced that on 27 September 2017, after trading hours, the Company and the Placing Agent entered into a supplemental agreement to amend the Placing Agreement (the “Supplemental Agreement”). Pursuant to the Placing Agreement, Completion of the Placing is conditional upon the Admission being obtained on or before 29 September 2017 or such later date as the Company and the Placing Agent may agree in writing. If the above condition is not satisfied, the Placing Agreement will lapse and become null and void and the parties shall be released from all obligations thereunder, save the liabilities for any antecedent breaches thereof. The Company has agreed with the Placing Agent to amend the Placing Agreement to the effect that Completion of the Placing is conditional upon the Admission being obtained on or before 20 October 2017 or such later date as the Company and the Placing Agent may agree in writing. If the above condition is not satisfied, the Placing Agreement will lapse and become null and void and the parties shall be released from all obligations thereunder, save the liabilities for any antecedent breaches thereof. The Placing Price of HK$0.5 per Placing Share represents:
THE SUPPLEMENTAL AGREEMENT. On 10 October 2019, Tianjin Clean Energy and Tianjin Trust entered into a supplemental agreement (the “Supplemental Agreement”) pursuant to which the end date of the term of trust under the Trust Agreement is to be extended from 10 October 2019 to 20 December 2019. Save and except for the extension of the term of trust as described above, all other terms and conditions of the Trust Agreement will remain unchanged and in full force and effect.
THE SUPPLEMENTAL AGREEMENT. On 22 December 2016 (after the trading hours of the Stock Exchange), the Vendors and the Purchaser entered into a supplemental agreement (the ‘‘Supplemental Agreement’’), pursuant to which the Vendors and the Purchaser have agreed to vary certain terms of the Sale and Purchase Agreement. As at the date of this announcement immediately before the Completion, the Target Company was owned as to approximately 22.84% by Quondino, approximately 22.84% by Mr. Leslie, approximately 21.82% by Juralen, approximately 6.44% by Lestan, approximately 6.44% by Xerique, approximately 0.08% by Perfero AB, approximately 4.24% by Perdidi AB (formerly known as Per Pedes AB) and approximately 15.30% by Rem Tene AB. A summary of amendments to the terms of the Sale and Purchase Agreement are set out as follows:
THE SUPPLEMENTAL AGREEMENT. On 8 January 2018, the Purchaser, the Vendor and the Guarantors entered into a supplemental agreement (the “Supplemental Agreement”) to amend certain terms of the Acquisition Agreement. The key amendments to the Acquisition Agreement pursuant to the Supplemental Agreement are summarized as follows:
THE SUPPLEMENTAL AGREEMENT. Pursuant to the Third Supplemental Agreement, Loyz Oil and Carnarvon have agreed that the payment of the balance of the Post Completion Receivable Payments amounting to approximately US$31.2 million as at the date of this announcement (“Outstanding Payment”) shall be amended and paid to Carnarvon in the following manner:
THE SUPPLEMENTAL AGREEMENT. On 23 June 2017, the parties to the Sale and Purchase Agreement, namely, the Company and the Vendor, entered into a supplemental agreement to the Sale and Purchase Agreement (the “Supplemental Agreement”), pursuant to which the parties have agreed to certain amendments to the terms and conditions of the Sale and Purchase Agreement.
THE SUPPLEMENTAL AGREEMENT. On 13 April 2017 (after trading hours of the Stock Exchange), the Purchaser entered into the Supplemental Agreement with the Vendor and the Guarantor to amend certain terms of the Agreement. Pursuant to the Supplemental Agreement, the parties to the Supplemental Agreement agreed not to proceed with the Reorganisation. Instead, the Vendor would (i) procure the sale of the entire registered capital of Chengle Zhongxing and Qingdao Qiguang to a third party; (ii) procure the third party to arrange with the sole shareholder of Qingdao Qiguang for the release of the Charge; and (iii) direct the third party to pay the entire consideration to the Purchaser on or before 30 April 2017 and the Purchaser is entitled to receive such consideration as its income. Such transfer (including the terms of the transfer) shall be conducted and completed in such manner as the Purchaser may approve. Under the Agreement, the Vendor irrevocably warrants and guarantees to the Purchaser that the consolidated profit before tax of the Target Group will not be less than RMB120,000,000 for the Guarantee Period. As a security for the performance of the obligations of the Vendor under the Profit Guarantee, the Purchaser is holding the Promissory Notes and the original share certificates for 43,000,000 Consideration Shares. If the Actual Profit as reviewed by the auditors of the Company shall not be less than RMB120,000,000, the Purchaser shall release the escrow documents to the Vendor. As the Vendor agreed to procure the sale of the entire registered capital of Chengle Zhongxing and Qingdao Qiguang and direct the third party to pay the entire consideration to the Purchaser as its income, it is also agreed under the Supplemental Agreement that the computation of the Actual Profit would be amended such that the Actual Profit includes the actual consolidated profit before tax of the Target Group for the Guarantee Period plus the total proceeds received by the Purchaser resulting from the sale of the entire registered capital of Chengle Zhongxing and Qingdao Qiguang minus the prepayment for acquisition of subsidiaries of the Purchaser. Save for the information disclosed above, all relevant terms and conditions of the Agreement shall remain unchanged and continue in full force and effect. Taking into account (i) the sale of solar power station is in the ordinary and usual course of business of the Target Group and the Company would sell the solar power station of the Target Group if suitable o...
THE SUPPLEMENTAL AGREEMENT. On 22 July 2021 (after trading hours), the Vendor and the Purchaser (collectively, the “Parties”) entered into a supplemental agreement (the “Supplemental Agreement”) in relation to the transfer of 10% equity interests in the Target Company (the “Target Interests”) to amend certain terms of the Equity Transfer Agreement. Adjustment to consideration and payment terms of the Disposal Pursuant to the Supplemental Agreement, the consideration for the Disposal shall be adjusted to approximately RMB19.71 million (equivalent to approximately HK$23.65 million) (the “Adjusted Consideration”). The Adjusted Consideration shall be settled by the Purchaser in the following manner: