Common use of Salient Terms of the Shareholders Agreement Clause in Contracts

Salient Terms of the Shareholders Agreement. 3.1 The JVC shall have an initial issued and paid up capital of SGD1,000,000 divided into 1,000,000 ordinary shares. 3.2 The equity participation by ECB, Technics and ECSPL in the JVC is as follows: ECB 699,999 69.9999% Technics 300,000 30.0000% ECSPL 1 0.0001% 3.3 The JVC shall be managed by a Board of Directors consisting four (4) Directors of which three (3) shall be nominees of ECB and one (1)

Salient Terms of the Shareholders Agreement. 3.1 The JVC shall have an initial issued and paid up capital of SGD1,000,000 RM1,000,000 divided into 1,000,000 ordinary sharesshares of RM1.00 each. 3.2 The equity participation by ECB, Technics and ECSPL in the JVC is as follows: ECB 699,999 69.9999% Technics 300,000 30.0000% ECSPL 1 0.0001% 3.3 The JVC shall be managed by a Board of Directors consisting four (4) Directors of which three (3) shall be nominees of ECB and one (1)