TNAG-2079-FCO40-2959-Hong-Kong-press-coverage-and-reports-1990 — Page 19

(三)

(6)

Oblization of your Company

(a)

(3)

noc

Che Offer is accepted, your company

your company shall, in SO far as the

permits and on che assumption that the Government does not at any time have any reason to believe that either the Licences shall

ganced or the legislation referred

20 co in (b) (1) below shall not be enacted, commence tbe work as set out ia Che Offer. The Government shall offer such administracive assistance as ic is able in order to facilitate your work. 13 any time the Government does have any reason believe the above, OT if the conditions sec Out in (b) below are not satisfied wicain CWO years from the date of the acceptance of the Offer, you and the Government shall деес Co discuss what should happen and Co negotiate a solution acceptable to both.

(1) The enactment and amendment legislation which is necessary

cable

television,

telecommunication

network

ancillary chereco; and

to

Of regarding

any

the

second

and

matterS

(11) che granc of the Licences by

Governor-in-Council.

Financial commitment

the

You confica

confira that your shareholders have stated that chey will increase cheiz financial commitment CO the project co an aggregate amount of $5,500 million.

The Government recognises the immense investment required for this project and is mindful of che need CO maintain che operating environment necessary to ensure chac the heavy investment is noc jeopardised.

of

Please confirm your agreement Co the contents this lecter by your Chairman signing the duplicate copy and returning it to me.

We hereby accept the apove terms :

Gitu W

Pecer X.

Chairman

HONG KONG CABLE

COMMUNICATIONS LTD.

Jate

Your

sincerely,

The.

жи

(Pecer K.7. TSAO)

Secretary for Admini ative Services and Informacion

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