EXHIBIT 10.4
AMENDMENT NO. 3
to
Joint Venture Agreement
by and between
Cytec Melamine Inc. (formerly Cyanmid Melamine, Inc.)
and
DSM Melamine Americas, Inc. (formerly DCP Melamine North America, Inc.)
AMENDMENT NO.DOC
This Amendment No. 3 to the Joint Venture Agreement made and entered into this
30TH day of January, 1995 and effective as of January 1, 1994 by and between
Cytec Melamine Inc.
and
DSM Melamine Americas, Inc.
WITNESSETH THAT
WHEREAS
-the parties hereto are parties to a Joint Venture Agreement dated April 15,
1986,
-the parties wish to revise Section 5 (f) (X) 1) because the "Wage Index"
referred therein is defined as the index of Compensation Per Hour for the
Nonfarm Business Sector which is no longer reported by the Bureau of Labor
Statistics' Employment and Earnings Report.
NOW, THEREFORE, the parties hereby have agreed as follows:
1. Definitions
---------------
Terms defined in the Joint Venture Agreement shall have the same meaning in this
Amendment No. 3 to the Joint Venture Agreement.
2. Section 5 (f) (X) 1) of the Joint Venture Agreement
-------------------------------------------------------
Lines 9 through 13 shall be restated as follows:
"The Wage Index referred to above is defined as the index of Industrial
Analytical Ratios for the nonfarm Business Sector, All Persons, as published by
the Bureau of Labor Statistics, U.S. Department of Labor, Office of Productivity
and Technology, Washington, D.C. 20212-001."
AS WITNESS the hands of the duly authorized representatives of the parties
hereto the day and year first before written.
CYTEC MELAMINE INC. DSM MELAMINE AMERICAS, INC.
By: /s/ J. Xxxxx Xxxx By: /s/ X.X. XxXxxxx
----------------- ----------------
Name: J. Xxxxx Xxxx Name: X.X. XxXxxxx
Title: President Title: President
EXHIBIT10.4.DOC
