EXHIBIT 10.2
AMENDMENT AGREEMENT
AMENDMENT AGREEMENT
THIS AGREEMENT made effective the 7th day of August, 2003.
BETWEEN
China NetTV Holdings Inc.,
a business corporation duly incorporated and validly existing
under the laws of the State of Nevada, with its business address at
950, 000 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxx, XX, Xxxxxx
("China Net")
AND
Wang Xxx
Xxxx Jie
Xxxxxx Xxx
Ma Xiao Jun
("Honglu Shareholders")
(each a "Party", collectively, the "Parties")
WHEREAS:
The Parties entered into an Acquisition Agreement dated July 4, 2003 (the
"Acquisition Agreement"), by which China Net will acquire 100% of the issued and
outstanding shares of Honglu Investment Holdings, Inc. ("Honglu").
NOW, THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual
covenants herein contained, and other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged by the Parties, and
intending to be legally bound, the Parties agree to amend the Acquisition
Agreement as follows:
1. The Parties agree that Honglu Shareholders will tender all their cancelled
shares and cause Honglu to issue to China Net 50,000,000 common shares
being 100% of the shares of Honglu, by October 15, 2003 (the "Closing
Date")
Such shares shall be held in escrow pending delivery of the audit of
Honglu. The China NetTV shares to be issued to Honglu shall be held in
escrow pending delivery of the audit of Honglu to China NetTV.
2. The name of China Net will be changed to Highland Mining (China), Inc.
concurrent with the Closing Date.
3. The audit on the financial statements of Honglu for the last two years will
be commenced as soon as possible in order to convert same into US GAAP as
required by the SEC.
4. The appointment of new directors shall be effective in accordance with the
Schedule 14f-1 as filed with the SEC, and mailed to shareholders on August
7, 2003.
IN WITNESS WHEREOF the Parties have duly executed this agreement.
1
(THIS SPACE INTENTIONALLY LEFT BLANK)
China NetTV Holdings Inc.
/s/Xxxxxxx Xxxxxx
-------------------------------------- )
Xxxxxxx Xxxxxx, director
-------------------------------------- )
-------------------------------------- )
-------------------------------------- )
-------------------------------------- )
Honglu Shareholders
/s/Xxxx Xxx
-------------------------------------- )
Xxxx Xxx )
)
/s/Xxxx Xxx )
-------------------------------------- )
Xxxx Xxx )
)
/s/Xxxxxx Xxx )
-------------------------------------- )
Xxxxxx Xxx )
)
/s/Ma Xiao Jun )
-------------------------------------- )
Ma Xiao Jun )
2