Gentlemen:Joint Venture and Shareholder Agreement • October 20th, 2008 • Nacco Industries Inc • Industrial trucks, tractors, trailors & stackers
In consideration of certain payments to NACCO Materials Handling Group, Inc. (“NMHG”), as set forth on Payment Schedule A hereto, from General Electric Capital Corporation (“GECC”); NMHG and GECC hereby agree to maintain the following agreements: (i) that certain Restated and Amended Joint Venture and Shareholder Agreement between them, as amended through the Third Amendment, dated July 1, 2008 (the “JV Agreement”), including, without limitation Exhibit H thereto (“Listing of NMHG Competitors”); (ii) that certain Canadian Country Agreement (the “Canadian Agreement”), dated July 1, 2008 and (iii) that certain International Operating Agreement , as amended through the Seventh Amendment, dated July 1, 2008 (the “IOA”), including, without limitation, Exhibit C thereto (“Schedule of NMHG Competitors”) all, with the following mutually agreed upon modifications and understandings:
