Supplementary Agreement on the Leasing of Land, Buildings and Motor Vehicles (LJ9701-C) Party A: Liuzhou OVM Joint Stock Co., Ltd. Party B: Liuzhou OVM Construction Machinery Co., Ltd. WHEREAS both parties have entered into an Agreement Concerning the...Supplementary Agreement • April 15th, 1998 • Ovm International Holding Corp • Construction machinery & equip
Agreement Concerning Interest on the Amounts due from OVM Joint Stock Co. Ltd. and its Affiliates (LJ9701-B) Party A: Liuzhou OVM Joint Stock Co., Ltd. Party B: Liuzhou OVM Construction Machinery Co., Ltd. WHEREAS Party A and its affiliates have been...Ovm International Holding Corp • April 15th, 1998 • Construction machinery & equip
Supplementary Agreement Concerning the Provision of Welfare Facilities (LJ9701-E) Party A: Liuzhou OVM Joint Stock Co., Ltd. Party B: Liuzhou OVM Construction Machinery Co., Ltd. Since the establishment of Party B, both parties to this Agreement have...Supplementary Agreement • April 15th, 1998 • Ovm International Holding Corp • Construction machinery & equip
Since the establishment of Party B, both parties to this Agreement have undergone structural changes on the internal operation and management. Staff welfare facilities originally managed and operated by Party A like canteen, dormitory and medical facilities, are now independently run or subcontracted. Party A is no longer responsible for the costs in providing these staff welfare services. The costs for using these facilities have been taken into consideration in determining the staff payroll and the employees are now required to pay for the use of these facilities.
Supplementary Agreement to Extend the Date of Installment Contribution (LJ9702) Party A: Liuzhou OVM Joint Stock Co., Ltd. Party B: OVM Development Limited (formerly known as "Kolcari Investment Limited") WHEREAS, both parties entered into a Joint...Ovm International Holding Corp • April 15th, 1998 • Construction machinery & equip
WHEREAS, both parties entered into a Joint Venture Contract (the "Contract") dated May 1, 1995, pursuant to which, both parties agreed to establish Liuzhou OVM Construction Machinery Co., Ltd. ("Liuzhou OVM"), as a joint venture limited liability company. The Contract also provided that Party B should contribute cash in an amount of US$2,800,000. As of the end of fiscal year 1995, Party B had already made the cash contribution of US$2,170,000 under two installments, with the balance of US$630,000 which remains outstanding as at the date of this Agreement. Pursuant to an Agreement to Extend Date of Installment Contribution between the parties dated March 28, 1997, both parties agreed to extend the due date for the last installment up to December 31, 1997.
