Agreement Concerning
Entrustment of the Heat Treatment Plan
with Processing Task
(LJ102-2/2)
Party A: Liuzhou OVM Joint Stock Co., Ltd.
The Heat Treatment Plan of Liuzhou OVM Joint Stock
Co., Ltd., (the "Heat Treatment Plant")
Party B: Liuzhou OVM Construction Machinery Co., Ltd.
A. In order to guarantee the smooth production operation of Liuzhou OVM
Construction Machinery Co., Ltd., it has been agreed after friendly
consultations by both parties that, Party B shall entrust the Heat
Treatment Plant with the provision of heat treatment processing service to
all its parts and components before the Heat Treatment Plant is being
acquired by Party B.
B. The Heat Treatment Plant shall complete the heat treatment processing
services entrusted by Party B in a timely manner and with good quality.
C. The Heat Treatment Plant shall charge its heat treatment processing
services entrusted by Party B at a discount of around 3-5% to the
prevailing market price.
D. This Agreement shall come into effect at the date when the corporate
representatives of both parties sign and stamp the common seals on the
Agreement.
For and on behalf of
Party A: Liuzhou OVM Joint Stock Co., Ltd.
------------------------------
(Xx Xxx Sen)
Corporate Representative
For and on behalf of
The Heat Treatment Plant
------------------------------
(Li Xxxxx Xxxx)
Director
For and on behalf of
Party B: Liuzhou OVM Construction Machinery Co., Ltd.
--------------------------------
(Ching Lung Po)
Corporate Representative
Dated: June 5, 1995
2
January 6, 1997
OVM International Holding Corporation
x/x Xxxx Xxxxxxx Xxxxxxx
Xxxx 0000, 20/F., Universal Trade Center,
000X Xxxxxxxxx Xxxx, Xxxxxxx
Xxxx Xxxx
Attn: Xx. Xxxxx Lung Po
------------------------
Dear Sirs:
Re: English Translation of Chinese Documents
We have reviewed the Chinese versions of the following documents and the English
translations which you have provided:-
1. Articles of Association of Liuzhou OVM Construction Machinery Co., Ltd.;
2. Joint Venture Contract dated April 18, 1995 between Kolcari Investments
Limited and Liuzhou OVM Joint Stock Co., Ltd.;
3. Agreement Concerning the Commencement date of the Financial Accounts dated
January 17, 1995 between Kolcari Investments Limited and Liuzhou OVM Joint Stock
Co., Ltd.,
4. Agreement Concerning the Entrustment of the Heat Treatment Plant with
Processing Task dated June 5, 1995 between Liuzhou OVM Construction Machinery
Co., Ltd., Liuzhou OVM Joint Stock Co., Ltd. and the Heat Treatment Plant;
5. Agreement Concerning the Transfer of Intangible Assets dated June 5, 1995
between Liuzhou OVM Construction Machinery Co., Ltd. and Liuzhou Joint Stock
CO., Ltd. and the Exhibit List of Items of Technical Know-how Transferred;
6. Agreement Concerning the Provision of Power, Water Supply and Welfare
Facilities dated June 15, 1995 between Liuzhou OVM Construction Machinery Co.,
Ltd., and Liuzhou OVM Joint Stock Co., Ltd.,; and
7. Supplementary Agreement on the Transfer of Intangible Assets dated
December 18, 1995 between Liuzhou OVM Construction Machinery Co., Ltd., and
Liuzhou OVM Joint Stock Co., Ltd.
Please note that we do not hold qualification in translation but to the extent
that we have reviewed the above English translations, we believe the
translations, incorporating our suggested amendments, should be fair and correct
translations of the various corresponding Chinese documents above.
Yours faithfully,
Li Xxxx Xxxxx
Senior Lawyr
