Re: Voting Agreements
Exhibit
99.2
December
21,
2007
Union-Transport
Holdings, Inc.
Ladies
and
Gentlemen:
Re:
Voting
Agreements
Reference
is made
to (a) that certain Voting Agreement dated as of May 6, 2002, by and between
Union-Transport Holdings Inc., a British Virgin Islands company (“UTH”), and Xxxxx XxxXxxxxxx,
and (b) that certain Voting Agreement dated as of May 6, 2002, by and between
UTH and The MacFarlane Childrens’ Trust established June 28, 1993, as amended by
that certain Letter Agreement dated as of June 6, 2005 (collectively, the
“Voting
Agreement”).
Each
of the
undersigned hereby confirms that their respective interests in the ordinary
shares of UTH are being transferred to PTR Holdings Inc., a company incorporated
in accordance with the laws of the British Virgin Islands (“PTR”), and that they
did not
and will not assign any of their rights under the Voting Agreement to the
PTR. Since the undersigned R I MacFarlane and the
MacFarlane Children’s Trust have sold their shares in UTH, with effect from 21
December 2007, they will thereafter no longer hold any ordinary shares of
UTH
and consequently all parties to this letter-agreement, hereby terminate the
Voting Agreement with effect from 21 December 2007.
This
letter
agreement may be executed in counterparts, all of which shall, taken together,
constitute but one and the same instrument.
Please
confirm your
agreement with the foregoing by executing this letter agreement and the enclosed
duplicate copy where indicated and returning to us the enclosed
copy.
Very
truly
yours,
|
/s/
Xxxxx XxxXxxxxxx
|
Xxxxx
XxxXxxxxxx
|
The
XxxXxxxxxx Children’s Trust
established
June 28, 1993
|
|
By:
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/s/ X.X. Xxxxxx by Xxxxx XxxXxxxxxx |
Name:
X.X. Xxxxxx
|
|
Title:
Trustee
|
Acknowledged
and agreed as of December 21, 2007:
United-Transport
Holdings, Inc.
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By:
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/s/ Xxxx Xxxx |
Name:
Xxxx X.
Xxxx
|
|
Title:
Directory (duly authorised)
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