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With respect to the workmens entitlements for the period preceding this change, such as wages,
severance awards assumed to have accrued on the date of transfer of ownership or any other
entitlements, both the predecessor and successor shall be held jointly liable therefor. If individual
establishments are involved in such transfer of ownership, the successor and predecessor may
Saudi Aramco 4017 (3/90)
AHE
DATE: 23-Apr-06
PAGE 7
REV. 23-Apr-06