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EXHIBIT 21.16
Supplemental Agreement
The parties to this agreement are Fujita Corporation, having its principal
office at 0-00, Xxxxxxxxx 0-xxxxx, Xxxxxxx-xx, Xxxxx 000, Xxxxx (hereinafter
referred to as "Party A"), Shantou Vibro-Tech Industrial and Development Co.
Ltd., having its principal office at Long Xxx Xxx Road, Shantou, China
(hereinafter referred to as "Party B").
Based on all the terms and conditions of "Basic Agreement of Joint Research"
dated March 18, 1999. The following agreements have been made between Party A
and Party B only.
Article 1: Objective of Joint Research
All parties are looking forward to cooperating in the research and development
of low elastic (G4) type (lead) rubber bearings.
Article 2: Contents, Apportionment and Schedule of the Joint Research
All parties are looking forward to study the detailed fundamental dynamic
hysteresis characteristics of the 300 and 600 type (lead) rubber bearings.
The contents, apportionment and schedule of the Joint research are as follows:
1. Contents
Research on the G4 type (lead) rubber bearings that will be applicable to the
China and Japan market.
2. Apportionment
Determining the property and detail of the (lead) bearings: All parties.
Manufacturing of the (lead) rubber bearings: Party B.
Performance test on the (lead) rubber bearings: Party B.
Party A may conduct the raw material test and performance test of the (lead)
rubber bearings if necessary.
3. Schedule
Party B shall finish fundamental dynamic hysteresis characteristics of a 300
type rubber bearing and a 300 lead rubber bearing satisfying the draft standard
determined by all Parties and present the report on or before January 31, 2000.
Party B shall finish fundamental dynamic hysteresis characteristics of a 600
type rubber bearing and a 600 lead rubber bearing satisfying the draft standard
determined by all Parties and present the report on or before March 31, 2000.
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Article 3: Expenses for the Joint Venture
All Parties bear the expenses themselves for Joint Research according to the
apportionment in Article 2.
Article 4: Publication of the Joint Research Results
Approval or disapproval of the Joint Research Results, and the contents, timing
and method of such publication, shall be determined on the basis of prior
consultation among all Parties. In all reports and publications which contain
the data and findings of the tests, the contributions of all Parties shall be
noted.
Article 5: Term of Validity
The effective term of this Agreement shall be valid until March 31, 2000 after
the execution hereof. The effective term of this Agreement may be changed under
the mutual agreement through consultation among all Parties.
Two copies each of English versions of this Agreement shall be drawn up as proof
of the establishment of this Agreement, with one copy to be signed and sealed
and held by all Parties.
October 11, 1999
(for Party A)
Fujita Corporation
By: /s/ Hirasawa Mitsuharu
Hirasawa Mitsuharu
(General Manager of Technical Research Institute)
(for Party B)
Shantou Vibro-Tech Industrial and Development Co. Ltd.
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
(General Manager)
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ATTORNMENT TO SUPPLEMENTAL AGREEMENT
WHEREAS:
A. A Basic Agreement of Joint Research was made March 18, 1998 among Fujita
Corporation, having its principal office at 0-00, Xxxxxxxxx 0-xxxxx, Xxxxxxx-xx,
Xxxxx 000, Xxxxx (hereinafter referred to as "Party A"), Shantou Vibro-Tech
Industrial and Development Co. Ltd., Long Xxx Xxx Road, Shantou, China
(hereinafter referred to as "Party B"), ZHOU Fu Lin of Long Xxx Xxx Road,
Shantou City, Guangdong Province, China (hereinafter referred to as "Party C").
B Under the Basic Agreement of Joint Research, the Agreement of Joint Research
dated by March 14, 1996, Supplement Agreement-I dated August 1, 1996, Supplement
Agreement-II dated March 15, 1997, Supplement Agreement-III dated may 10, 1997
and Supplement Agreement-IV dated July 27, 1997 made among Party A, Party B and
Party C were annulled.
C. A Supplemental Agreement to the Basic Agreement of Joint Research was made
October 11, 1999 between Party A and Party B, but omitted inadvertently to
include Party C.
WITNESSES THAT the parties mutually covenant and agree as follows:
Party A and Party B agree that Party C is, and when the Supplemental Agreement
was signed and delivered Party C should have been, a party to the Supplemental
Agreement.
This Agreement makes Party C a party to the Supplemental Agreement in all
respects as if Party C had been an original signatory to the Supplemental
Agreement dated October 11, 1999.
Party A and Party B agree that Party C is in all respects a party to the
Supplemental Agreement in his individual capacity and not in his capacity as
vice-president of South China Construction University.
Party C attorns to, and agrees to comply in all respects with, the Supplemental
Agreement as if Party C had been an original signatory to the Supplemental
Agreement.
Three copies each of English versions of this Agreement shall be drawn up as
proof of the establishment of this Agreement, with one copy to be signed and
sealed and held by all Parties.
October 29, 1999
(for Party A)
Fujita Corporation
By: /s/ Hirasawa Mitsuharu
Hirasawa Mitsuharu
(General Manager of Technical Research Institute)
(for Party B)
Shantou Vibro-Tech Industrial and Development Co. Ltd.
By: /s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
(General Manager)
(for Party C)
/S/ Zhou Fu Lin
