Agreement Concerning Waiving of Claims
between
1. Xx. Xxxxx Xxxxx Xxxxx, Xxxxx Xxxxxxx 0, 00000 Xxxxxxxxx;
2. Heinz-Xxxxxx Xxxxx, Herrschaftsstrasse 50, 73087 Xxxx;
3. Xxxxxxx Xxxxx, Xxxxxxxxx 00, 00000 Xxxx;
4. Xxxxxx Xxxxx, Herrschaftsstrasse 50, 73087 Xxxx
- hereinafter jointly "the Sellers" -
and
5. Oeserwerk Xxxxx Xxxxx & Sohne KG, Xxxxxxxxxxx 00, 00000 Xxxxxxxxx
- hereinafter "the Company" -
Prefatory Note
The Sellers intend to transfer their shares in the Company to SESVENNA 19.
Vermogensverwaltungs GmbH, Munich, in the future to be operating as CFC
Oeserwerk GmbH. In fulfillment of Section 2, Paragraph 4 of the Share Purchase
Contract, they agree with the Company:
Section 1
Declaration of Waiver
The Sellers waive the claims vis-a-vis the Company stated in Section 2,
Paragraph 4 and Section 7, Paragraph 5, Letter b) of the Share Purchase Contract
of March 19, 1999. The Company hereby accepts said waiver.
Section 2
Restitution of Claims
If the suspensive conditions according to Section 2, Paragraph 2 of the Share
Purchase Contract are not fulfilled within six months, the claims shall be
restituted.
-------------------------------------- ----------------------------------
Xx. Xxxxx Xxxxx Xxxxx Heinz-Xxxxxx Xxxxx
-------------------------------------- ----------------------------------
Xxxxxxx Xxxxx Xxxxxx Xxxxx
--------------------------------------
Oeserwerk Xxxxx Xxxxx & Sohne KG, Oeserwerk Xxxxx Xxxxx & Sohne KG,
represented by Xxxxxxx Xxxxx represented by Xxxxxx Xxxxx
Annex 3.2
Name Number of shares
---- ----------------
o Xx. Xxxxx Xxxxx Xxxxx 11,282 )
o Heinz-Xxxxxx Xxxxx 11,556 ) 44,468 into
o Xxxxxxx Xxxxx 11,163 ) 12 month escrow
o Xxxxxx Xxxxx 10,467 )
o Xxxxx-Xxxxxxxxx Xxxxxxx 6,000 ]
o Xx. Xxxxx Xxxxxxxx 11,907 ]
o Xxxx Xxxxxxxx 3,436 ]
o Xxxxxx-Xxxxxx Xxxxxxxx 1,162 ]
o Xxxxxx Xxxxx 1,795 ]
o Veronika Lieckfeld 1,266 ]
o Xxxxxxxxxx Xxxxx 4,085 ]
o Xxxxxx Xxxxx 1,266 ] 55,532
o Xxxxxx Xxxxxxxxxxxxxxx 1,795 ]
o Xxxxxxxxx Xxxxxxxx 8,000 ]
o Heinz-Xxxxxx Xxxxxxxx 3,036 ]
o Xxxxx-Xxxxxxxx Xxxxxxxx 3,036 ]
o Xxxxxx Xxxxxxx 5,739 ]
o Xxxxxxxxx Xxxxxxx 1,266 ]
o Xxxx Xxxxx 1,743 ]
------------------------
o TOTAL 100,000
========================
Annex 4.1
Oeserwerk Bankers
Bank
Sort Swift Account Debit Credit
Name/Address Code Code Number Balance Balance
------------ ---- ---- ------ ------- -------
Deutsche Bank AG 00000000 DEUTDESS610 254268 4,046,090.53
Goppingen branch
Xxxxxxxxxxxxx 0
00000 Xxxxxxxxx
Landesbank 00000000 LAGIDE6S870 8700216 2,171,289.07
Goppingen branch
Xxxxxxxxxxx 00
00000 Xxxxxxxxx
Xxxxx-Xxxxxxxxxxx 61040014 XXXXXXXX000 188769400 1,701,334.95
Commerzbank AG
Goppingen branch
Xxxxx Xxxxxxx 00
00000 Xxxxxxxxx
Dresdner Bank AG 00000000 DRESDEFF610 206903900 1,791,600.27
Goppingen branch
Xxxxxxxxxx 0
00000 Xxxxxxxxx
Kreissparkasse 61050000 XXXXXX0X 13509 147,931.77
Xxxxxxxxxxxx 0
00000
Xxxxxxxxx
Postbank 00000000 PBNKDEFF600 0018216-706 21,044.95
Stuttgart office
Xxxxxxx
70173
Stuttgart
Schlossplatz 4
Bankhaus 00000000 MARBDE61 2526 6,660.55
Xxxxxxxxxxxx 00
00000
Xxxxxxxxx
Gebruder Xxxxxx 30010400 IKBDDED1 2010345870 7,598,146.00
IKB Deutsche
Industriebank
Berlin office
Xxxxxxxxxxxxxxx 000
00000
Xxxxxx ------------ ---------
17,456,392.59 27,705.50
Overall balance 17,428,687.09
Annex to
Section 7
Item 2
Extract from the Register of Companies - authenticated copy - of Goppingen Local
Court, No. HRA 1400, 16 pages, dated January 1, 1999
Annex to
Section 7
Item 5
a)
Articles of Association of Oeserwerk, Xxxxx Xxxxx & Sohne KG dated June 1, 1978
with 4 amendments: Sections 5 and 17 on November 14, 1997, and Section 14 on
November 8, 1996. Also Annexes 1 and 2 of June 1, 1978.
Annex to
Section 7
Item 6
Sureties
Suretyships from Oeser Italia, granted for Fiat Punto and guarantee deposit
Zanchetta
Annex to
Section 7
Item 7
Zoning or building restrictions
Letter from Grassle, architects, dated Xxxxx 0, 0000
Xxxxxx restrictions sheet No. 2786, page 1 Plot No. 447/1 and 445
Zoning restrictions sheet No. 2093, page 1 Former xxxx Xx. 000
(xx longer exists)
Zoning restrictions sheet No. 2786, page 2 Xxxx Xx. 000 + 485
Location plan
Zoning restrictions sheet No. 2786, page 3 Plot No. 445
Location plan
Annex to
Section 7
item 9
a)
Patents: Canceled trademark (4 sheets)
Utility model 8616114.8
Patent application 87108466.1
Disclosure specification 2916723
Patent application 19717004.8-43
File number P3611719.6-43
Patent application P1611473.1-27
Patent application 010777 IV C/229
Utility model, device for applying metallized colored
coatings
Utility model, Trademarks
Utility model, Infraprint
Utility model, Oeser stamping veneer
Utility model, Neocolor
Utility model, Effekta
Utility model, Stella
Utility model, IMATA silver German
Utility model, IMATA silver international
Utility model, IMATA gold German
Utility model, IMATA gold international
Utility model, Oeser film German
Utility model, Oeser film international
Annex to
Section 7
Item 10, licenses
b)
SAP licenses BIW
FI 5 users DM 35,000
CO 4 users DM 35,000
MM 6 users DM 35,000
PP 5 users DM 40,000
DW 1 user DM 7,500
BC Basic 50 users DM 55,000
HR-PA 400 users DM 30,000
SAP licenses CMCS
SD 20 users DM 85,000
TR/CM 1 user DM 12,500
IM 1 user DM 12,500
PP 5 users DM 25,000
Microsoft licenses
Windows NT Workstation, 100-user open license
Micrografx 2 User 1073776-010, dated December 4,1998
Word 97, 73 users
Office Standard 97, 17 users
Office Professional 97, 12 users
MS-Project, 2 users
Excel 97, 33 users
Visio incl. Business Modeler, 2 users
Auto CAD, 1 user
CTL-Server Novell 4.11, 100 users
Arcserve Topcase Groupwise, 50 users
FAX-Server = Tobit Faxware
Cheyenne Antivirus
Win Up 96, 3 users
Symphony 3.0, 4 users
Paradox 4.0, 3 users
Lotus Smatsuite 3.1, 2 users
Flowcharter, 1 user + 2 additional
Autosketsch 5.0, 3 users
Apple Adobe Illustrator
Apple Quark Xpress
TUV Qualitatsmanagement GmbH, Munich, February 20, 1997 ISO 9001
Licenses Oeser France
Coffra Expertise Bookkeeping and customers 2 users FFR 22,914.00
Groupe SMW Pyra 2 users FFR 22,914.00
Microsoft Office 97 6 users
Microsoft Windows NT 4.0 6 users
Annex to
Section 7
Item 12, Annual Financial Statements
a) enclosed Annual Financial Statements
b) that up to the present date and up to the cut-off date no significant
or unfavorable changes have taken place in comparison with the Annual
Financial Statements and that no changes have taken place outside
ordinary business operations ...
Oeser Italia subsidiary written off in 1st quarter of 1999
approx. DM 200,000
Annex to
Section 7
Item 13, Assets
a)
Necessary repairs to buildings
Facility at Xxxxxxxx-Xxxxxxxx-Xxxxxxx 00, Xxxxxxxxx
Facility at Xxxxxxxxxxx 00, Xxxxxxxxx-Xxxxxxxx
b)
Land charge in favor of Industriekreditbank Berlin in the amount of DM 10.765
million alongside general credit conditions of KfW
Annex 13 a)
Letter to Oeserwerk Xxxxx Xxxxx & Sohne KG from Grassle, architects, dated
December 8, 1998
Necessary repairs to buildings
Facility at Goppingen, Xxxxxxxx-Xxxxxxxx-Xxxxxxx 00 and
Facility at Goppingen-Holzheim, Xxxxxxxxxxx 00
Dear Xx. Xxxxx,
Please find enclosed a schedule of the necessary repair work on various
buildings at the forenamed facilities. An approximate cost estimate is also
attached.
I. FACILITY AT XXXXXXXX-XXXXXXXX-XXXXXXX 00, XXXXXXXXX
1. IMATA high-rise building
- Scaffolding work on 3 facades for rehabilitation approx. DM 10,000.00
work on the roof and west facade
- Plumbing work: renewal of roof guttering, approx. DM 12,000.00
conductors, inlet surrounds, attic covering
- Roofing work: fixing new inlet surrounds, approx. DM 5,000.00
minor repairs
- Plastering work: repair external rendering at approx. DM 5,000.00
top southwest corner
- West facade: full trapezoidal sheet cover approx. DM 18,000.00
(flute size 35) on substructure
- Connecting work at steel structures, pipe approx. DM 5,000.00
culverts etc.
SUB-TOTAL 1 approx. DM 55,000.00
2. Production hall
- Repair to damaged rainwater gutters and approx. DM 11,000.00
conductors, especially on western side,
including traveling scaffold
- In heating room south: properly repair approx. DM 3,000.00
flue connection
- Repair steel gates between building sections approx. DM 11,000.00
- Renew 3-leaf timber door at area way to IMATA approx. DM 7,000.00
SUB-TOTAL 2 approx. DM 32,000.00
3. Administration building
- Repair steel door in heating room approx. DM 300.00
- Laboratory basement: close wall openings approx. DM 1,000.00
(=> fire protection)
SUB-TOTAL 3 approx. DM 1,300.00
4. Solvent store/garages
- Renew external damaged lightning conductor approx. DM 3,000.00
SUB-TOTAL 4 approx. DM 3,000.00
TOTAL I approx. DM 91,300.00
plus VAT
II. FACILITY AT XXXXXXXXXXX 00 - GOPPINGEN-HOLZHEIM
1. Production hall east
- Roofing to winding shop damaged => repair approx. DM 1,000.00
- Paint rainwater gutters and conductors approx. DM 2,000.00
- Steel gate north side damaged => repair approx. DM 1,500.00
- Repair plastic curtains on east and north gates approx. DM 3,000.00
SUB-TOTAL 1 approx. DM 7,500.00
2. Production hall west
- Paint rainwater gutters and conductors approx. DM 2,000.00
- Renew joints between reinforced concrete approx. DM 1,500.00
lintels (-) gas concrete slabs on north side
- Repair leak on west facade above switch cabinets, approx. DM 5,000.00
pipe brackets
SUB-TOTAL 2 approx. DM 8,500.00
3. Tank room / filling room
- Paint rainwater gutters and conductors approx. DM 2,000.00
SUB-TOTAL 3 approx. DM 2,000.00
TOTAL II approx. DM 18,000.00
plus VAT
SUMMARY
Facility at Xxxxxxxx-Xxxxxxxx-Strasse, Goppingen
TOTAL I approx. DM 91,300.00
Facility at Xxxxxxxxxxx 00 - Goppingen-Holzheim
TOTAL II approx. DM 18,000.00
approx. DM109,300.00
Ancillary building costs approx. DM 11,000.00
approx. DM120,300.00
plus VAT
Please contact me in case of any queries.
Yours sincerely,
Enclosure
Annex to
Section 7
Item 16, significant contracts
k)
n/a
Annex to
Section 7
Item 16, significant contracts
l) contracts or obligations out of which there arise obligations which in
the individual case or cumulatively amount to a total of more than
DM 100,000.00 per year ...
Maintenance and service agreements
Xxxxx, Stuttgart ................ SAP software 18.03.99
SWT Softwareteam ................ Topcase 01.10.92
Xxxxxx, Stuttgart ............... Ramps 02.09.97
Bunk, Schorndorf ................ Security alarm agreement 25.04.96
Bunk, Schorndorf ................ Security service Holzheim 25.04.96
Bunk, Schorndorf ................ Security service Goppingen 25.04.96
Xxxxxxxx, Stuttgart ............. Electric gate 02.04.97
Habeko, Weissach ................ High-lift truck CTS 12/224 SO 22.08.96
Xxxxxx, Gingen .................. Elevator 14.01.87
Heraeus, Hanau .................. Suntest C7-18 23.03.84
Herco, Xxxxxxxx ................. Water treatment plant 31.08.92
Jungheinrich, Bietigheim ........ High-lift truck ETV 12 22.10.97
Jungheinrich, Bietigheim ........ High-lift truck TFG 20 22.10.97
Jungheinrich, Bietigheim ........ High-lift truck GLP 032 22.10.97
Jungheinrich, Bietigheim ........ High-lift truck EJCL 10 22.10.97
Jungheinrich, Bietigheim ........ High-lift truck HC 16 22.10.97
Xxxxxxxxx, Bad Laer ............. Refuse compaction container 02.05.91
Xxxxxx, Goppingen ............... Heating system, Gottingen 14.04.73
Kurfess, Geislingen ............. Heating system, Holzheim 28.11.95
Linde, Stuttgart ................ Gas 07.04.94
LTG, Stuttgart .................. TRA Goppingen 02.12.98
Xxx, Albershausen ............... Building cleaning 29.05.98
Minimax, Stuttgart .............. Fire extinguishers 14.09.95
Minimax, Stuttgart .............. Sprinkler system 14.09.95
Xxxx, Berlin .................... Elevator, Goppingen 16.04.96
Ruwac, Melle .................... Industrial vacuum cleaners 22.02.96
Xxxxx, Stuttgart ................ Crane 13.10.97
Sudalarm, Filderstadt ........... Alarm system 16.12.97
WESS, Leutenbach ................ Extraction system 04.07.89
Zellweger, Burstadt ............. Gas warning devices 19.01.98
Xxxxxxxx, Denkendorf ............ Time recorder 01.07.85
Bosch, Stuttgart ................ Rent of fire alarm system 29.07.97
IT leasing Total commitment DM 2,654,262 Term 36 DM 81,305.00 per month
months
Copier rent Term 48 months until March 2001 DM 481.70 per month
Copier rent Term 48 months until March 2001 DM 1,123.83 per month
Fax machine rent Term 36 months until December 2001 DM 60.20 per month
Fax machine rent Term 36 months until June 2000 DM 86.00 per month
Hire purchase of Term 60 months until December 2000 DM 67.00 per month
franking machine
Annex to
Section 7
Item 16, significant contracts
m) company agreements and agreements ...
Company agreement concerning time recording, dated August 31, 1998
Company agreement No. 1 concerning works council consultations,
dated March 31, 1998
Company agreement No. 2 concerning recruitment procedure, dated June 15 1998
Company agreement No. 4 concerning flexible work hours, dated March 2, 1999
Company agreement No. 6 concerning vacations and plant closures around public
holidays, dated March 2, 1999
Annex to
Section 7
Item 16, significant contracts
l)
Car leasing
AUDI A6 ............ Term 42 months until May 2002 DM 912.00 per month
VW Passat Variant .. Term 36 months until December 2000 DM 887.00 per month
Mercedes Benz ...... Term 42 months until June 2000 DM 974.62 per month
VW Golf Variant .... Term 48 months until February 2003 DM 497.00 per month
Gas supply agreement, Oeser Italia, dated March 6, 1998, valid until March 5,
2001
Electricity supply agreement, Neckarwerke, dated January 24, 1990 relating to
X.X.-Xxx. 00 Xxxxxxxxx Xx. 000000
Electricity supply agreement, Neckarwerke, dated January 24, 1990 relating to
Xxxxxxxxxxx 00 Agreement No. 421224
Electricity supply agreement, Neckarwerke, relating to Xxxxxxxxxxx 00
Gas supply agreement, GVF, dated September 9, 1986 relating to Xxxxxxxxxxx 00
Gas supply agreement, GVF, dated May 16, 1990 relating to
Heinr.-Xxxxxxxx-Str. 66
Annex to
Section 7
Item 19, government concessions, permits and licenses
Tax concession for use of spirits, granted by the main customs office in
Stuttgart-Ost.
Customs tariff concession (license to process duty-free goods) for benzenes,
toluenes and xylenes, granted by the main customs office in Stuttgart-Ost. We
must verify the use of toluene and xylene to the main customs office in Ulm. The
most recent audit was conducted on February 4, 1999.
We applied for a tax concession to use natural gas to eliminate waste gases on
November 9, 1998. The concession refers to both post-combustion plants.
Modification permit under emission protection law to build and operate a waste
gas purification plant on the premises at Xxxxxxxx-Xxxxxxxx-Xxx. 00, granted on
June 3, 1991 (operating permit for Goppingen).
Modification permit under emission protection law to build a TNA plant to purify
the solvent emissions of all plants at the Holzheim facility, Xxxxxxxxxxx 00,
granted on November 11, 1986 (operating permit for Holzheim).
Annex to
Section 7
Item 21
ATS
Xxxxx Xxxxx & Sohne KG
Overview of business insurances
Annual
Sum Premium
Property/ Insured incl.
Contract Insured Lives in DM insurance
Type Insurer Risks Insured (Policy Value) Term tax
---- ------- ----- ------- -------------- ----- ---
Fire/ Allianz Fire Buildings 14,921,016.00 01.01.00 106,396.80
all risk 8098200 (replacement
value)
EC Equipment 49,193,737.00
(replacement
value)
Burglary Inventories 11,000,000.00
and (fixed sum)
house-
breaking
by persons
unknown
(from
outside)
Models/patterns 10,000.00
Provision 2,000,000.00
Containers 60,000.00
Premium rate 1.218/oo
Fire Allianz Fire Profit and 40,202,000.00 01.01.00 22,111.00
con- 8098280 fixed costs
se- with 24-month
quen- liability
tial period
loss Premium rate 0.50/oo
Elec- DARAG All risk Data, office and 407,581.00 01.01.00 1,549.90
tronics 30000299 incl. communications
internal technology
business
damage
Data media 50,000.00
Business Allianz Third- Personal injury 5,000,000.00 01.01.00 16,645.80
and 0014640 party and property
product liability damage, lump
liability claims sum per event.
arising
from
business
premises
and
product
risks,
incl.
extended
product
liability
-worldwide-
Annual maximum 10,000,000.00
Premium rate 0.35/oo
(based on
turnover)
Environ- Allianz Equip- Personal 5,000,000.00 01.01.00 27,666,90
mental 2022126 ment injury and
liability pursuant property
to Water damage
Resources lump sum
Management per event
Act Equip- and year
ment
pursuant
to
Environ-
mental
Liability
Act
(Annex 1)
Environ-
mental
basic
cover
Transport HDI Damage Procurement Transport 01.01.00 14,087.50
003264- loss of and maximum
06014 insured intermediate 500,000.00
goods transportation,
during dispatch of
trans- pre-products
porta- and end products
tion and as well as
interim capital goods-
storage worldwide-
Premium rate 0.25/oo
(based on
turnover)
Exhibi- 06026 Exhibition
tion booth,
risks exhibits
Premium rate 1.05/oo 500.00
(based on
value)
Minimum
premium
Works 06040 Electronic 15,000.00
measuring
instruments
in own
vehicles
Premium rate 22.5/oo 388.10
Accident HDI Occupational 34 named Various 01.01.00 4,667.20
03264- and persons individual
03013 recreational Benefits sums
accidents- in case insured
worldwide- of death
and
invalidity
Legal DAS Court and 21 cars 100,000.00 01.01.00 2,599.80
remedy 313- defense 3 trucks
(traffic) 3276 costs in
case of
traffic
offenses,
vehicles
and
contractual
disputes
Legal HDI Preliminary Xxxxxxx Xxxxx 500.000,00 00.00.00 8,096.00
remedy 03264- investigation, Xxxxxx Xxxxxxx
(xxxx- 04017 court and Xxxxxx Xxxxx
inal defense costs Heinz-Xxxxxx Xxxxx
law) in criminal
proceedings
Motor Allianz Third party All vehicles Unlimited 01.01.00 27,700.00
registered
or leased by
Oeser
Fully 16 cars Excess 650
comprehensive 2 trucks
Part 2 cars Excess 300
comprehensive
Business Fully and part Employees' Excess 300 2,500.00
travel own comprehensive vehicles
damage during
business
travel
Motor Alte Third party 2 high-lift Unlimited 01.01.00 276.00
Leipziger trucks
Export AK Loss of Customer Maximum 01.01.00 18,000.00
credit Mainz receivables receivables liability 20
112-126. because of respect of times annual
805-00/4 insolvency which a premium
and non- limit
payment application
has
been submitted
Premium rate 1.4/oo
(based on
monthly balance)
Intervention 5.0%
surcharge
(on premium)
Oeser France 10,500.00
Comm- AK Loss of Customer Maximum 38,500.00
ercial Mainz receivables receivables liability
credit 312- because of in respect 20 times
126. insolvency of which a annual
805.00/6 limit premium
application
has been
submitted
Premium rate 1.4/oo
(based on
monthly
balance)
Total 302,185.00
Annex to
Section 7
Item 22
n/a
Annex to
Section 7
Item 23
Message Joywin
Request to deliver in future with a neutral label.
Annex to
Section 7
Item 24 that, in so far as nothing to the contrary is specified in
Annex xxxx, and since December 31, 1998,
a - f) n/a
g) there have been no damages or losses, regardless of whether or
not covered by insurance
Loss of receivables from Menno GmbH Gingen DM 39,662.18
The customer is covered by credit insurance
h - i) n/a
Annex to
Section 7
Item 28
Persons whose knowledge is included
Mr. Hans-Xxxxx Xxxx
Annex to
Section 7
Item 14
a)
Measurements taken on the thermal waste air purification plant in Holzheim
revealed CO values that were higher than normal, but below the maximum limit.
An inspection is scheduled for March 27/28, 1999.
Annex to
Section 7
Item 14
b) that, with the exception of product numbers 609 HK and 609 WH, which
are kept on hand for application to plastic materials, the Company
produces no products which contain lead.
Lists of residual stocks of products that contain lead can be consulted at
Oeserwerk.
Some goods purchased for resale contain lead.
Annex to
Section 7
Item 15, litigation and safeguard of rights
a) that with the exception of those cited in Annex xxx no litigation or
administrative procedures ...
Contact with attorneys Mossner, Weller, Xxxxxxx & Partner
Xx. Xxxxxx concerning the possibility of contractual amendment SAP / CMCS / ECS
Correspondence dated February 24,1999 and March 5, 1999
Annex to
Section 7
Item 16, significant contracts
a) contracts of employment with the COMPANY's legal representatives and
executives ...
Xxxxx, Xxxxxxx Management
Xxxxx, Xxxxxx Management
according to the Articles of Association of Oeserwerk, Xxxxx Xxxxx & Sohne KG
dated June 1, 1978 with 4 amendments, agreement and Annexes 1 + 2
Xxxxxxxxx, Xx. Xxxx Research & Development
Xxxxxx, Xxxxxx Marketing & Sales
Konig, Eberhard Order to Delivery
Kuhnberger, Bernd Quality Management & Assurance
Post, Xxxx-Xxxxx Administration
Xxxxxxxxx, Xxxxxx Materials Management
Annex to
Section 7
Item 16, significant contracts
b) other employment contracts that provide for annual remuneration of more
than DM 100,000.00 or rulings in regard to bonuses, royalties,
retirement or early retirement arrangements ...
Xxxxx, Xxxxx
Bruno, Xxxx-Xxxxxx
Xxxxx, Xxxxxx
Xxxxx, Xxxxxx
Leveringhaus, Xxxxxx
Xxxxxx, Xxxxx
Xxxxxx, Xxxxx
Xxxxxx, Xxxxxxxxxx
Xxxxx, Xxxxxxxx
Xxxxx, Xx. Xxxxx Xxxxx
Xxxxx, Xxxxx-Xxxxxx
according to the Articles of Association of Oeserwerk, Xxxxx Xxxxx & Sohne KG
dated June 1, 1978 with 4 amendments, agreement and Annexes 1 + 2
Annex to
Section 7
Item 16, significant contracts
c) contracts with all types of consultants (> DM 25,000 a year)
Siebel, Wuppertal 15.01.97 Consultant's agreement
Priebelsky, Xxxxxx 10.04.92 Consultant's agreement
KPMG, Stuttgart Audit of annual financial
statements and tax advice
CMCS/Delta Unternehmensberatung SAP advice, customizing
SID technical safety management, February 2, 1999
Staufenakademie Xxxx, consultancy commission for QM, winding shop and T 6
Staufenakademie Xxxx, consultancy commission, modification T 6
Sphara Emission measurements
Annual management fee approx. DM 46,000.00
TUV (technical safety) inspections are required for the following equipment:
Lightning protection equipment, Goppingen and Holzheim
Pressure vessels of compressor plant
Electrical equipment, Goppingen and Holzheim
Solvent tanks, Goppingen and Holzheim
Oil tanks, Goppingen and Holzheim
Passenger elevators, Goppingen and Holzheim
Alcohol tank Goppingen
Hazardous materials store
Annex to
Section 7
Item 16, significant contracts
d)
n/a
Annex to
Section 7
Item 16, significant contracts
e) contracts with customers or suppliers with a value exceeding DM
100,000.00 per year as well as contracts which provide for discounts,
deductions, bonuses or pre-payments not in accordance with standard
business practices or which are calculated below cost
Kornmark, Berlin 17.03.97 Outline agreement
Mannesmann VDO, Babenhausen 09.10.98 Annual contract 1999
Order placed by Coroplast, Wuppertal - order value DM 72,850.00
Offer submitted to Dorken, Herdecke - anticipated order value DM 105,000.00
Drahtwerke Elisental 19.02.98 Supplier's outline agreement
Vapor deposition wire, pure
aluminium 1.5 mm
Elektroschmelzwerk, Kempten 28.04.98 Supplier's outline agreement
Evaporator boats
API (Xxxxxx) 20.01.99 Most recent revision of outline
agreement for blocking
foil 81 GT black
Mitsubishi, Wiesbaden Long-term price agreements
Seahan, Eschborn Long-term price agreements
Mitsubishi, Wiesbaden 01.01.92 Consignment stock contract
Toray, Frankfurt 04.12.97 Consignment stock contract
Du Pont, Bad Homburg Consignment stock contract
Annex to
Section 7
Item 16, significant contracts
f) rental and leasing agreements
Xxxxxxxxx, Xxxxxx 28.09.95 Part acceptance of office rental
cost
Xxxxxxxx-Xxxxx Monthly office rent DM 600.00
IT leasing Total commitment DM 2,654,262 Term 36 DM 81,305.00 per month
months
Car leasing
AUDI A6 ......... Term 42 months until May 2002 DM 912.00 per month
AUDI A3 ......... Term 36 months until December 1999 DM 688.00 per month
AUDI A6 ......... Term 36 months until February 1999 DM 989.00 per month
VW Passat ....... Term 48 months until February 1999 DM 546.00 per month
AUDI A4 ......... Term 36 months until June 1999 DM 860.00 per month
AUDI A4 ......... Term 36 months until August 1999 DM 861.00 per month
AUDI 80 Avant ... Term 48 months until July 1999 DM 758.00 per month
AUDI A6 ......... Term 42 months until November 1999 DM 826.00 per month
VW Golf Variant . Term 48 months until April 1999 DM 554.00 per month
VW Passat Variant Term 36 months until December 2000 DM 887.00 per month
Mercedes Benz ... Term 42 months until June 2000 DM 974.62 per month
VW Golf Variant . Term 48 months until February 2003 DM 497.00 per month
Annex to
Section 7
Item 16, significant contracts
g) loans either granted or taken, loans to employees ...
n/a
Annex to
Section 7
Item 16, significant contracts
h)
oral clientele protection agreements without binding legal effect
Interfrance, Xxxxxxx
--------------------
There does not exist either a contract or any other written form of our
oral agreement concerning clientele protection in favor of Interfrance.
SCS Xxxxxxx & Co., Leinfelden-Echterdingen
------------------------------------------
An oral agreement exists for us to supply Xxxxxxx, as a customer, with
our transparent varnish foil 799 RPK, article number C 535010, for use
with Xeikon digital printers. It has been agreed orally that we shall
not offer this product to users of the Xeikon digital printers and,
where appropriate, that we shall refer such clients to Xxxxxxx.
Annex to
Section 7
Item 16, significant contracts
i) insurance policies ...
Insurances
Fire / all risk Allianz 8098200
Fire consequential loss Allianz 8098280
Electronics DARAG 30000299
Business and product liability Allianz 0014640
Environmental liability Allianz 2022126
Transport HDI 003264-06014
Exhibition risks HDI -06026
Works traffic HDI -06040
Accident HDI 03264-03013
Legal remedy (traffic) DAS 313-3276
Legal remedy (criminal law) HDI 03264-04017
Motor Allianz third party
Business travel own damage Allianz fully and part
comprehensive
Motor Alte Leipziger third party
(high-lift trucks)
Export credit AK Mainz 112-126.805-00/4
Commercial credit AK Mainz 312-126.805-00/6
Annex to
Section 7
Item 16, significant contracts
j) agreements limiting competition ...
Hatipoglu, Istanbul 29.01.92 Agency agreement, Turkey
Schessi, Donzdorf 21.08.98 Sales agreement, Germany
Joywin, Hongkong 17.03.98 Agency agreement, Hongkong,
Macao and China
Foilco, Xxxxxxxx 26.11.87 Agency agreement, England
Goodie, New Delhi 14.01.93 Agency commitment, Nepal
Nouravian, Teheran 12.04.89 Agency commitment, Iran
Xxxxxxx, Bombay 19.07.66 Agency agreement, India
Zethraeus, Stockholm 04.10.66 Agency agreement, Sweden
Xxxx, Koprivnica 30.07.97 Agency agreement, Croatia,
Bosnia-Herzegovina
Kazziha, Damascus 04.07.91 Agency agreement, Syria
Coding, Xxxxxx 15.01.96 Dealership agreement,
Slovakia
Scanex, Horb 03.06.91 Sales commitment, Poland
Xxxxx, Brunn 23.05.85 Agency agreement, Austria
Sorequil, Lisbon 01.10.81 Agency agreement, Portugal
Exim, Seoul 01.12.92 Agency agreement, Korea
Cogimex, Brussels 14.01.48 Agency agreement, Belgium
Equiplas, Paris 18.01.89 Sales commitment, France
El Wafa, Cairo 01.09.98 Agency agreement, Egypt
Taro, Karachi 10.10.96 Agency agreement Pakistan
Xxxxxxx, Port of Spain 05.02.81 Agency agreement, Trinidad
and Tobago
Stralfors, Ljungdahls 12.03.99 Exclusivity for type 15371
Emafyl, London since 1996 Exclusivity for decor foils
as per enclosed list in
file
Pending agreements
------------------
KBAT, Novosibirsk 10.03.99 Dealership agreement for
territory east of the
Urals
Typical non-binding commitments
-------------------------------
Hazeghnejad, Teheran 05.06.89 These and similar
commitments have been
made
Eni-Trade, Helsingborg 27.03.91 to several of our business
associates, but we do not
regard them as
obligations.
oral clientele protection agreements without binding legal effect
Interfrance, Xxxxxxx
--------------------
There does not exist either a contract or any other written form of our
oral agreement concerning clientele protection in favor of Interfrance.
Page 2
Section 7, item 16 j)
SCS Xxxxxxx & Co., Leinfelden-Echterdingen
An oral agreement exists for us to supply Xxxxxxx, as a customer, with
our transparent varnish foil 799 RPK, article number C 535010, for use
with Xeikon digital printers. It has been agreed orally that we shall
not offer this product to users of the Xeikon digital printers and,
where appropriate, that we shall refer such clients to Xxxxxxx.
