Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-4 Registration of Securities Issued in a 197 1.00M
Business-Combination Transaction
2: EX-3.1 Cert. of Inc. / Doe Run Resources 36 79K
3: EX-3.2 Amended & Restated Bylaws/ Doe Run 9 39K
4: EX-3.3 Cert. of Inc./Fabricated Products 2 16K
5: EX-3.4 Bylaws of Fabricated Products 9 36K
6: EX-3.5 Cert. of Inc./Doe Run Cayman 1 13K
7: EX-3.6 Memorandum of Association 36 107K
8: EX-3.7 Constitution of Doe Run 18 69K
9: EX-3.8 Constitution/Doe Run Peru 16 67K
10: EX-4.1 Indenture 204 538K
11: EX-4.2 Purchase Agreement 54 155K
12: EX-4.3 Registration Rights Agreement 42 125K
13: EX-4.4 Letter of Transmittal 12 62K
14: EX-5.1 Cadwalader Opinion 3 21K
15: EX-10.1-1 Employment Agreement/Zelms 11 34K
16: EX-10.1-2 Employment Agreement/Kaiser 11 34K
17: EX-10.1-3 Employment Agreement/Amastadi 11 33K
18: EX-10.1-4 Employment Agreement/Boyer 11 33K
19: EX-10.1-5 Employment Agreement/Buckley 11 34K
20: EX-10.2-1 Net Worth Apprec. Agmt/Zelms 8 25K
21: EX-10.2-2 Net Worth Apprec. Agmt/Kaiser 8 26K
22: EX-10.2-3 Net Worth Apprec. Agmt./Amistadi 8 26K
23: EX-10.2-4 Net Woth Apprec. Agmt./Boyer 8 26K
24: EX-10.2-5 Net Worth Apprec. Agmt./Buckley 8 26K
25: EX-10.3 Supplemental Employee Retirement Plan 7 26K
26: EX-10.4 Executive Tax Services Plan 2 15K
27: EX-10.5 Loan & Security Agreement 142 467K
28: EX-10.6 Contrato De Transferencia De Acciones 109 206K
29: EX-10.7 Programa De Adecuacion Y Manejo Ambiental 478 1.63M
30: EX-10.8-1 Covenio De Establilidad Jurica Entre El Estado 10 42K
31: EX-10.8-2 Covenio De Estabilidad Jurica Con Doe Run 10 41K
32: EX-10.8-3 Covenio De Estabilidad Jurica Entre El Estado 9 40K
33: EX-10.8-4 Covenio De Estabilidad Jurica Con Doe Run Peru 10 43K
34: EX-10.8-5 Covenio De Estabilidad Con Doe Run Peru 10 44K
35: EX-10.8-6 Covenio De Estabilidad Jurica Con Doe Run Cayman 12 48K
36: EX-10.8-7 Remite Contrato De Estabilidad Administrativa Amb 20 88K
37: EX-12 Computation of Ratios 1 14K
38: EX-21 List of Subsidiaries 1 12K
39: EX-23.2 Consent of Kpmg 1 13K
40: EX-23.3 Consent of Medina, Zaldivar 1 14K
41: EX-23.4 Consent Pincock, Allen & Holt 1 14K
42: EX-25 Form T-1 7 31K
EX-10.8-3 — Covenio De Estabilidad Jurica Entre El Estado
| EX-10.8-3 | 1st Page of 9 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
|---|
Exhibit 10.8.3
CONVENIO DE ESTABILIDAD JURIDICA CON DOE RUN MINING S.R.LTDA.
Conste por el presente documento el Convenio de Estabilidad Juridica que
celebran, de una parte, el ESTADO PERUANO, debidamente representado por el
Ministro de Energia y Minas, Ingeniero Alberto Pandolfi Arbulu, autorizado para
tal efecto por Resolucion Suprema No 331-96-PCM, con domicilio en Av. Las Artes
NO 260 - San Borja - Lima, a quien en adelante se le denominara "ESTADO"; y, de
la otra parte la empresa DOE RUN MINING S.R.Ltda., constituida y existente bajo
las leyes del Peru, con RUC No 37708267, inscrita en el Asiento 1-A de la Ficha
143928 del Libro de Sociedades del Registro de Personas Juridicas, con domicilio
en Av. Victor Andres Belaunde No 395 - San Isidro, representada por el senor
Julio Guadalupe Bascones, identificado con Libreta Electoral No 09388911, segun
poder inscrito en la Ficha 143928 del Libro de Sociedades del Registro de
Personas Juridicas, a quien en adelante se le denominara DOE RUN; en los
terminos y condiciones que constan en las siguientes clausulas:
PRIMERA.- DOE RUN ha presentado ante el Ministerio de Energia y Minas, en
adelante MINISTERIO, una solicitud para la suscripcion de un Convenio de
Estabilidad Juridica al amparo de lo dispuesto en el Decreto Legislativo No 662,
en el Titulo II y en el Capitulo Primero del Titulo V del Decreto Legislativo No
757, y en el Reglamento de los mismos aprobado por el Decreto Supremo No
162-92-EF del 12 de octubre de 1992, el que en adelante se denominara el
REGLAMENTO.
SEGUNDA.- DOE RUN , en virtud del presente Convenio, se acoge a la modalidad de
inversion prescrita en el inciso a) del articulo 16o del REGLAMENTO. En
consecuencia, se obliga a lo siguiente:
1. Efectuar aportes dinerarios al capital de la empresa DOE RUN PERU
S.R.Ltda, una compania constituida en la ciudad de Lima, Peru, inscrita en
el Asiento 1-A de la Ficha No 143658 del Libro de Sociedades del Registro
de Personas Juridicas de la Oficina Registral de Lima y Callao, por un
monto de US$ 247'921,991.24 (Doscientos Cuarenta y Siete Millones
Novecientos Veintiun Mil Novecientos Noventa y Uno y 24/100 Dolares de
Estados Unidos de America) en un plazo que no excedera del 23 de octubre
de 1997.
2. Canalizar el aporte a que se refiere el numeral 1, a traves del Sistema
Financiero Nacional, conforme debera constar en la certificacion que emita
el banco interviniente en la operacion.
TERCERA.- EL ESTADO, en virtud del presente Convenio y mientras este se
encuentre vigente, se obliga, en relacion con la inversion a que se refiere la
CLAUSULA SEGUNDA, a garantizar la estabilidad juridica para DOE RUN, en los
siguientes terminos
1. Estabilidad del regimen tributario referido al Impuesto a la Renta,
conforme a lo prescrito en el articulo 38o del Decreto Legislativo No 757
y en el inciso a) del articulo 10o del Decreto Legislativo No 662, vigente
al momento de la suscripcion del presente convenio, segun el cual los
dividendos y cualquier otra forma de distribucion de utilidades, no se
encuentran gravadas, de conformidad con lo prescrito en el inciso a) del
articulo 25o de la Ley del Impuesto a la Renta, aprobada por el Decreto
Legislativo No. 774 y normas modificatorias vigentes a la fecha de
suscripcion del presente Convenio.
2. Estabilidad del derecho de utilizar el tipo de cambio mas favorable
conforme a lo prescrito en el articulo 38o del Decreto Legislativo No 757
y en el inciso b) del articulo 10o del Decreto Legislativo No 662, que
implica que DOE RUN podra
acceder a la moneda extranjera en el mercado cambiario al tipo de cambio
mas favorable que pueda conseguir, sin que el ESTADO pueda obligarla a
realizar sus operaciones cambiarias bajo un regimen o mecanismo que
otorgue un tratamiento menos favorable que el que se aplique a cualquier
persona natural o juridica por la realizacion de cualquier operacion
cambiaria, de acuerdo a lo siguiente:
a) cuando se trate de conversion de la moneda extranjera a nacional:
DOE RUN podra venderla a cualquier persona natural o juridica al
tipo de cambio compra mas favorable que encuentre en el mercado
cambiario al momento de efectuar la operacion cambiaria; y,
b) cuando se trate de conversion de la moneda nacional a extranjera:
DOE RUN podra comprarla a cualquier persona natural o juridica al
tipo de cambio venta mas favorable que encuentre en el mercado
cambiario al momento de efectuar la operacion cambiaria.
3. Estabilidad del derecho a la no discriminacion conforme a lo prescrito en
el articulo 38o del Decreto Legislativo No 757 y en el inciso c) del
articulo 10o del Decreto Legislativo No 662, que implica que el ESTADO en
ninguno de sus niveles, ya se trate de entidades o empresas del Gobierno
Central, Gobiernos Regionales o Locales, podra aplicar a DOE RUN un
tratamiento diferenciado atendiendo a su nacionalidad, los sectores o
tipos de actividad economica que desarrolle o la ubicacion geografica de
la empresa en que invierta, ni en las siguientes materias:
a) precios, tarifas o derechos no arancelarios, de tal modo que el
ESTADO no podra aplicar por estos conceptos a DOE RUN, en lo
relativo a la inversion a que se refiere la CLAUSULA SEGUNDA, montos
o tasas diferenciados;
b) forma de constitucion empresarial, de tal modo que el ESTADO no
podra exigir a DOE RUN que la empresa DOE RUN PERU S.R.Ltda., en la
que va a invertir, adopte una determinada modalidad empresarial;
c) su condicion de persona natural o juridica, de tal modo que el
ESTADO no podra aplicar a DOE RUN un tratamiento diferenciado por
este concepto; y,
d) ninguna otra causa de efectos equivalentes, como es el caso de la
aplicacion de tratamientos discriminatorios para DOE RUN resultantes
de cualquier combinacion de los diversos acapites del presente
numeral.
El presente numeral se aplica sin perjuicio de las limitaciones
establecidas en el articulo 30 del REGLAMENTO.
CUARTA.- DOE RUN asume adicionalmente, de conformidad con lo pactado en la
CLAUSULA SEGUNDA, la obligacion de acreditar que ha cumplido con efectuar el
aporte dinerario por un monto de US$ 247'921,991.24 (Doscientos Cuarenta y Siete
Millones Novecientos Veintiun Mil Novecientos Noventa y Uno y 24/1 00 Dolares de
Estados Unidos de America) al capital de la empresa DOE RUN PERU S.R.Ltda.,
mediante la presentacion ante el MINISTERIO de copia del Testimonio de la
Escritura Publica de Aumento de Capital y Modificacion de Estatutos de la
empresa, debidamente inscrita en el registro correspondiente, asi como la
certificacion que emita el banco interviniente en la operacion.
La obligacion a que se refiere el parrafo anterior debera acreditarse en un
plazo maximo de sesenta (60) dias calendario, contado a partir de la fecha
limite para su
cumplimiento conforme a lo establecido en la CLAUSULA SEGUNDA. El incumplimiento
de la misma constituye causal de resolucion del Convenio.
QUINTA.- El presente Convenio de Estabilidad Juridica tendra una vigencia de
diez (10) anos contados a partir de la fecha de su suscripcion. En consecuencia,
no podra ser modificado unilateralmente por ninguna de las partes durante dicho
periodo, ni aunque la legislacion nacional sea modificada, asi se trate de
modificaciones mas beneficiosas o perjudiciales para alguna de las partes que
las pactadas en este Convenio.
SEXTA.- DOE RUN tendra derecho a renunciar por unica vez al regimen de
estabilidad juridica que se le otorga al amparo del presente Convenio, debiendo
formalizar dicha renuncia mediante una comunicacion por escrito dirigida al
MINISTERIO, la que se hara efectiva desde la fecha de recepcion de la
comunicacion por este ultimo.
Si DOE RUN opta por ejercer el derecho de renuncia al Convenio de Estabilidad,
que se le reconoce al amparo de la presente Clausula, automaticamente pasara a
regirse por la legislacion comun.
SEPTIMA.- DOE RUN tendra derecho a ceder su posicion contractual en el presente
Convenio. Para que sea valida dicha cesion de posicion contractual, DOE RUN
debera obtener previamente la autorizacion correspondiente del MINISTERIO, la
misma que se formalizara mediante un Addendum al presente Convenio.
Queda entendido que la cesion de posicion contractual que realice DOE RUN a otro
inversionista no extiende el plazo de duracion del Convenio a que se refiere la
CLAUSULA QUINTA.
OCTAVA.- El presente Convenio de Estabilidad Juridica podra ser modificado de
comun acuerdo por las partes, salvo en lo referente a su plazo de vigencia
establecido en la CLAUSULA QUINTA. Tampoco podra modificarse el monto de los
aportes por debajo del limite establecido en el inciso a) del articulo 160 del
REGLAMENTO.
Para tal efecto, DOE RUN presentara una solicitud al MINISTERIO, que se
tramitara conforme al mismo procedimiento utilizado para la suscripcion del
presente Convenio.
NOVENA.- Siendo la intencion de las partes que los problemas que se presenten en
relacion con el cumplimiento del presente Convenio se resuelvan de la manera mas
expeditiva posible, se conviene desde ahora que cualquier litigio, controversia
o reclamacion entre ellos, relativa a la interpretacion, ejecucion o validez del
presente Convenio, sera resuelta mediante arbitraje de derecho.
El arbitraje se llevara a cabo en la ciudad de Lima, mediante la constitucion de
un Tribunal Arbitral conformado por tres miembros, de los cuales cada una de las
partes nombrara a uno y los dos arbitros asi designados nombraran al tercer
arbitro. Los arbitros quedan expresamente facultados para determinar la
controversia materia del arbitraje.
Si una parte no nombra arbitro dentro de los diez (10) dias de recibido el
requerimiento de la parte o partes que soliciten el arbitraje o si dentro de un
plazo de diez (10) dias, contado a partir del nombramiento del ultimo arbitro
por las partes, los dos arbitros no consiguen ponerse de acuerdo sobre el tercer
igualmente arbitro, la designacion del arbitro faltante sera hecha, a peticion
de cualquiera de las partes, por la Camara de Comercio de Lima.
El plazo de duracion del proceso arbitral no debera exceder de sesenta (60) dias
habiles, contado desde la fecha de designacion del ultimo arbitro y se regira
por lo dispuesto en la Ley General de Arbitraje, aprobada por la Ley No. 26572
y/o las normas que la sustituyan o modifiquen.
Los gastos que se generen por la aplicacion de lo pactado en la presente
Clausula seran sufragados por las partes contratantes en igual medida.
DECIMA.- Constituyen causales de resolucion de pleno derecho del presente
Convenio de Estabilidad Juridica, sin mediar requisito de comunicacion previa,
las siguientes:
1. El incumplimiento por parte de DOE RUN de las obligaciones establecidas en
la CLAUSULA SEGUNDA y CLAUSULA CUARTA.
2. La cesion de posicion contractual del presente Convenio que realice DOE
RUN a otro inversionista sin obtener la correspondiente autorizacion
previa del MINISTERIO, conforme a lo pactado en la CLAUSULA SEPTIMA.
En el caso que DOE RUN incurra en una de las mencionadas causales de resolucion
del presente Convenio, si por efecto de la estabilidad juridica concedida al
amparo del mismo, hubiera gozado de una carga fiscal menor a la que le hubiera
correspondido de no estar amparada por dicho Convenio, estara obligada a
reembolsar al ESTADO el monto actualizado de los tributos que le hubieran
afectado de no haber suscrito el Convenio, mas los recargos correspondientes a
que se refiere el Codigo Tributario.
Queda entendido que en el caso a que se refiere el parrafo anterior, si DOE RUN
hubiera soportado una carga fiscal mayor por efectos del presente Convenio, no
existira obligacion de reembolso de suma alguna por parte del Estado.
Estando las partes de acuerdo en todos los terminos del presente Convenio, lo
suscriben en dos copias de igual contenido, en Lima, a los veintiun dias del mes
de octubre de 1997.
/s/ ALBERTO PANDOLFI ARBULU
----------------------------
ALBERTO PANDOLFI ARBULU
MINISTRO DE ENERGIA Y MINAS
LEGAL STABILITY AGREEMENT WITH DOE RUN MINING S. R. LTDA.
Witnesseth hereby the Legal Stability Agreement entered into by and between the
STATE OF PERU, duly represented by the Minister of Energy and Mines, Engineer
Alberto Pandolfi Arbulu, authorized for such purposes by Supreme Resolution No.
331-96-PCM, domiciled for purposes hereof at Av. Las Artes No. 260 - San Borja -
Lima, hereinafter referred to as the STATE, as party of the first part; and DOE
RUN MINING S. R. LTDA., a company incorporated and existing under the laws of
Peru, with Single Taxpayer's Registration (RUC) No. 37708267, registered on
Entry 1-A of Card 143938 of the Book of Corporations of the Registry of
Companies, domiciled for purposes hereof at Av. Victor Andres Belaunde No. 395 -
San Isidro, duly represented by Julio Guadalupe Bascones, identified with
Voter's Registration Card, No. 09388911, as per power of attorney registered on
Card 143928 of the Book of Corporations of the Registry of Companies,
hereinafter referred to as DOE RUN, as party of the second part; under the terms
and conditions set forth in the following clauses:
FIRST.- DOE RUN has presented to the Ministry of Energy and Mines, hereinafter
referred to as the MINISTRY, a request for the signing of a Legal Stability
Agreement as authorized by the provisions set forth in Legislative Decree No.
662, in Title II, and in the First Chapter of Title V of Legislative Decree No.
757, and in the Regulations of said Decrees approved by Supreme Decree No.
162-92-EF, dated October 12, 1992, hereinafter referred to as the REGULATIONS.
SECOND.- By virtue of the present Agreement, DOE RUN agrees to the form of
investment prescribed in Clause a) of Article 16 of the REGULATIONS. As such DOE
RUN is obligated as follows:
To execute monetary contributions to the Capital of the company DOE RUN PERU
S. R. Ltda., a company incorporated in the city of Lima, Peru, registered on
Entry l-A of Card No. 143658 of the Book of Corporations of the Registry of
Companies of Registry Office of Lima and Callao, for an amount of
US$247,921,991.24 (TWO HUNDRED FORTY SEVEN MILLION NINE HUNDRED TWENTY ONE
THOUSAND NINE HUNDRED NINETY ONE AND 24/100 US DOLLARS) in a term not to
exceed October 23, 1997.
To channel the contribution referred to in numeral 1, through the National
Financial System, as per the certification that shall be issued by the bank
participating in the operation.
THIRD.- By virtue of the present agreement and while it is in force, the STATE
is bound to guarantee the legal stability for DOE RUN, regarding the investment
referred to in the SECOND CLAUSE hereof, under the following terms:
The stability of the tax regime regarding the Income Tax, in keeping what is
provided in Article 38 of Legislative Decree No. 757 and in clause a) of
Article 10 of Legislative Decree No. 662, in force at the time of the signing
of the present agreement, according to which the dividends and any other form
of profit distribution are not subject to taxation, pursuant to the
provisions set forth in clause a) of Article 25 of the Income Tax Law,
approved by means of
Legislative Decree No. 774 and amending standards in force at the time of
signing the present agreement.
The stability of the right to use the most favorable exchange rate pursuant to
the provisions set forth in Article 38 of Legislative Decree No. 757 and in
clause b) of Article 10 of Legislative Decree No. 662, signifying that DOE
RUN will have access to foreign exchange on the foreign exchange market at
the most favorable rate of exchange that it may obtain, and the State may
not obligate it carry out its exchange operations under a regime or
mechanism granting a less favorable treatment than what is applied to any
individual or corporate body to carry out any exchange operation, in
accordance with the following:
When it is a matter of conversion of foreign to national currency: DOE
RUN may sell the foreign currency to any individual or corporate
body at the most favorable "buy" exchange rate available on the
foreign exchange market, at the time of execution of the foreign
exchange operation; and,
When it is a matter of conversion of national to foreign currency: DOE
RUN may buy the national currency from any individual or corporate
body at the most favorable "sale" exchange rate available on the
foreign exchange market, at the time of execution of the foreign
exchange operation.
The stability of the right of non-discrimination in accordance with the
stipulations set forth in Article 38 of Legislative Decree No. 757 and in
clause c) of Article 10 of Legislative Decree No. 662, which provide that
the STATE, at any level, whether entities or companies of the Central
Government, Regional or Local Governments, may not apply to DOE RUN any
differential treatment due to its nationality, the sector or types of
economic activity it carries out, or the geographical location of the
company in which it invests, nor in the following matters:
Prices, tariffs or non-Customs duties, in such a way that the STATE may
not apply differential amounts or rates to DOE RUN , as regards
the investment referred to in the SECOND CLAUSE hereof;
manner of business incorporation, in such a way the STATE may not
demand of DOE RUN that the company DOE RUN PERU S.R.Ltda., in
which it is going to invest, adopt a given manner of
incorporation;
its condition as an individual or corporate body, in such a way that
the STATE may not apply a differential treatment to DOE RUN; and,
no other cause of equivalent effects, as is the case of the
application of discriminatory treatment against DOE RUN resulting
from any combination of the various paragraphs of this numeral.
This numeral is applicable without prejudice to the limitations established in
Article 3 of the REGULATIONS.
FOURTH.- In addition, and pursuant to the provisions set forth in the SECOND
CLAUSE, DOE RUN assumes the obligation to accredit that it has complied with
carrying out the monetary
2
contribution of US$247,921,991.24 (TWO HUNDRED FORTY SEVEN MILLION NINE HUNDRED
TWENTY ONE THOUSAND NINE HUNDRED NINETY ONE AND 24/100 US DOLLARS) to the
capital of the company DOE RUN PERU S.R.Ltda. by presenting to the MINISTRY a
copy of the Testimony of the Public Deed of the Capital Increase and Amendment
of the Articles of Incorporation of the company, duly registered in the
corresponding registry, as well as a certification issued by the bank that
participates in the operation.
The obligation referred to in the foregoing paragraph must be accredited within
a maximum period of sixty (60) calendar days counted as of the deadline for
compliance, in line with what is established in the SECOND CLAUSE.
Non-compliance of the same constitutes a cause for the termination of the
Agreement.
FIFTH.- The present Legal Stability Agreement shall have a term of force of ten
(10) years as of the date of its signing. Consequently, it may not be amended
unilaterally by either of the parties during said period, even in the event of
modification of national legislation, whether said amendments are more
beneficial or prejudicial to either of the parties than what is convened in this
Agreement.
SIXTH.- DOE RUN shall have the right to waive, one time only, the legal
stability regime granted to it by the authority of this Agreement, and to this
end it must formalize said waiver by means of a written communication to the
Ministry; said waiver shall become effective as of the date of reception of the
communication by the Ministry.
If DOE RUN opts to exercise the right of waiver of the Stability Agreement
granted to it pursuant to this Clause, it shall automatically become subject to
ordinary legislation.
SEVENTH.- DOE RUN shall have the right to assign its contractual position in
this Agreement. For said contractual position assignment to be valid, DOE RUN
must obtain the corresponding prior authorization from the MINISTRY, which must
be formalized by an Addendum to this Agreement.
It is understood that the contractual position assignment that DOE RUN may make
to another investor, does not extend the term of the Agreement referred to in
the FIFTH CLAUSE hereof.
EIGHTH.- This Legal Stability Agreement may be amended by common agreement
between the parties, except in what regards its term of effect as established in
the FIFTH CLAUSE. The amounts of the contributions may not be modified either
under the limit established in clause a) of Article 16 of the REGULATIONS.
To this end, DOE RUN. shall present a request to the MINISTRY, which shall be
processed in line with the procedure followed for the signing of this Agreement.
NINTH.- It being the intention of the parties that problems arising in relation
to the fulfillment of this Agreement be resolved in the most expeditious manner
possible, it is hereby agreed from this moment that any litigation, controversy,
claim or complaint between the parties, related to
3
the interpretation, execution or validity of this Agreement, shall be resolved
through legal arbitration.
The arbitration will be carried out in the city of Lima, through the
establishment of an Arbitration Court comprised of three members of whom each of
the parties will name one and the two so designated members will in turn name
the third. The arbitrators are expressly empowered to resolve the controversy
subject to the arbitration.
If one party fails to name an arbitrator within ten (10) days of receipt of the
request of the party or parties for an arbitration, or if within an equal period
of ten (10) days, counted as of the naming of the last arbitrator by the
parties, the two arbitrators do not reach an agreement regarding the third
arbitrator, the designation of the missing arbitrator shall be carried out upon
the request of either party, by the Chamber of Commerce of Lima.
The duration of the arbitration process shall not exceed sixty (60) working
days, counted as of the date of the designation of the last arbitrator, and
shall be ruled by what is provided in the General Arbitration Law, approved by
Law No. 26572 and/or the standards that substitute or amend it.
The expenses generated by the exercises of what is agreed to in the present
Clause shall be borne in equal parts by the contracting parties.
TENTH.- The following constitute causes for termination as a matter of law of
this Legal Stability Agreement, without needing prior notice:
Non-compliance on the part of DOE RUN with the obligations established in the
SECOND and FOURTH CLAUSES.
Assignment of the contractual position of this Agreement, that may be made by
DOE RUN to another investor without obtaining the corresponding prior
authorization from the MINISTRY, pursuant to the provisions set forth in the
SEVENTH CLAUSE.
In the event that DOE RUN incurs in one of the previously mentioned causes of
termination of the present Agreement, and if as a result of the legal stability
conferred by the authority of the same agreement DOE RUN enjoyed a lighter tax
burden that would have corresponded to it if it had not been under the authority
of said Agreement, it shall be obliged to reimburse the STATE for the actual
amount of the taxes that would have affected it if such Agreement had not been
signed, plus the corresponding surcharges referred to in the Tax Code.
It is understood that in the case referred to in the foregoing paragraph, if DOE
RUN had borne a greater tax burden as a result of this Agreement, the STATE will
have no obligation to refund any sum whatsoever.
Whereas the parties agree to all of the terms hereof, they sign it in two copies
of equal content, in Lima, on October 21, 1997.
4
| EX-10.8-3 | Last Page of 9 | TOC | 1st | Previous | Next | ↓Bottom | Just 9th |
|---|
ALBERTO PANDOLFI ARBULU
MINISTER OF ENERGY OF MINES
JULIO GUADALUPE BASCONES
DOE RUN PERU S.R.Ltda.
5
Dates Referenced Herein
| Referenced-On Page |
|---|
| This ‘S-4’ Filing | | Date | | First | | Last | | | Other Filings |
|---|
| |  |
| Filed on: | | 5/11/98 | | | | | | | None on these Dates |
| | 10/23/97 | | 5 |
| | 10/21/97 | | 8 |
| | 10/12/92 | | 5 |
| List all Filings |
↑Top
Filing Submission 0001047469-98-018990 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help —
Tue., Apr. 23, 12:27:35.1pm ET 