(a) There shall be no material change prior
to settlement in the balance sheet
shown in Clause 7 other than that
arising from normal day to day trading
activities.
(b) No material changes in the operation of
RTV or HTL will occur between the date
of this document and settlement.
(c)
(a)
No assets of RTV or HTL will be pledged
prior to settlement.
No liabilities other than those arising
from normal, day to day trading
activities will be incurred by RTV or
HTL between the said dates without the
prior approval in writing of CC.
(e) The shares to be transferred are not
and will not at settlement be subject
to any encumbrances whatsoever.
(£)
RTV and HTL do not have and will not at
settlement have any contingent
liabilities which have not previously
been disclosed to CC nor shall they
incur any such liabilities without the prior approval in writing of Cc.
(g) The whole of the assets of RTV and HTL
shall be unencumbered at
settlement,
including by the discharge of the
Mortgage dated 7th December 1978 to the
Chartered Bank to secure Hong Kong $17
million.
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