Exhibit 2.9
The following exhibit no. 2.9 constitutes a fair and accurate English
translation of the original copy of this document.
/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Company Secretary of Xxxxxx Xxxxxxx Group Limited
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Translation
PURCHASE AND SALES AGREEMENT
ON THE ACQUISITION OF LIMITED PARTNER SHARES
between
1. Xx. Xxxxx Xxxxxx, nee Xxxx
Fuchshohl 5, 65812 Bad Xxxxx
2. Xx. Xxxxx Xxxxxxxx, nee Xxxxxxxxx
Xxxxxxxxxxxx 00, 00000 Xxxxxxx
3. Xx. Xxxxxxx Xxxxx
Xxxxxxxxx 00, 00000 Xxxxxxx
4. C. Wuppesahl Management GmbH
Herrlichkeit 1, 28199 Bremen
5. C. Wuppesahl
Herrlichkeit 1, 28199 Bremen
6. 68. Verwaltungsgesellschaft Dammtor mbH, Hamburg
Xxxxxxxxxxxxxx 00, 00000 Xxxxxxx
7. Xxxxxx Xxxxxxx GmbH,
Xxxxxxxxxxxxxx 00, 00000 Xxxxxxx
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I.
Object of Purchase
The contracting parties and Deutsche Bank AG are the limited partners of the
limited partnership in the firm Jaspers Wuppesahl Industrie Assekuranz GmbH &
Co. KG (hereinafter referred to as "Company") with a total limited capital in
the amount of DM 6,800,000.00. They hold the following shares:
1. Xx. Xxxxx Xxxxxx, nee Xxxx, Bad Xxxxx,
holds a limited partnership share
in the amount of DM 1,245,964.00
2. Xx. Xxxxx Xxxxxxxx, nee Xxxxxxxxx,
Hamburg, holds a limited partnership
share in the amount of DM 866,218.00
3. Xx. Xxxxxxx Xxxxx, Hamburg,
holds a limited partnership share
in the amount of DM 866,218.00
4. Limited partnership in the firm
C. Wuppesahl, Bremen,
holds a limited partnership share
in the amount of DM 1,285,200.00
5. Deutsche Bank AG, Frankfurt am Main,
holds a limited partnership share
in the amount of DM 992,800.00
6. 68. Verwaltungsgesellschaft Dammtor
GmbH, Hamburg,
holds a limited partnership share
in the amount of DM 992,800.00
7. Xxxxxx Xxxxxxx Deutschland GmbH,
Hamburg, holds a limited partnership share
in the amount of DM 367,200.00
8. C. Wuppesahl Management GmbH,
holds a limited partnership share
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in the amount of DM 183,600.00
II.
Purchase and Transfer
(1) Xx. Xxxxx Xxxxxx - hereinafter referred to also as "Seller" hereby sells
and transfers of her above stated limited partnership share a partial
share in the amount of DM 470,764 to Xxxxxx Xxxxxxx GmbH, Hamburg -
hereinafter referred to as "Buyer".
(2) Xx. Xxxxxxxx - hereinafter referred to also as "Seller" - hereby sells and
transfers of her above stated limited partnership share a partial share in
the amount of DM 104,618 to Xxxxxx Xxxxxxx GmbH, Hamburg - hereinafter
referred to as "Buyer".
(3) Xx. Xxxxx - hereinafter referred to also as "Seller" - hereby sells and
transfers of his above stated limited partnership share a partial share in
the amount of DM 104,618 to Xxxxxx Xxxxxxx GmbH, Hamburg - hereinafter
referred to as "Buyer".
(4) 68. Verwaltungsgesellschaft Dammtor mbH - hereinafter referred to also as
"Seller" - hereby transfers - following the winding-up of a fiduciary
relationship - its above stated limited partnership share in the amount of
DM 992,800 to Xxxxxx Xxxxxxx GmbH, Hamburg - hereinafter referred to as
"Buyer".
(5) Xx. Xxxxxxxx - hereinafter referred to also as "Seller" - hereby sells and
transfers of her above stated limited partnership share a partial share in
the amount of DM 13,600 to C. Wuppesahl hereinafter referred to as
"Buyer".
(6) Xx. Xxxxx - hereinafter referred to also as "Seller" - hereby sells and
transfers of his above stated limited partnership share a partial share in
the amount of DM 13,600 to C. Wuppesahl hereinafter referred to as
"Buyer".
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(7) C. Wuppesahl Management GmbH - hereinafter referred to also as "Seller" -
hereby transfers - following the winding-up of a fiduciary relationship -
its above stated limited partnership share in the amount of DM 183,600 to
C. Wuppesahl - hereinafter referred to as "Buyer".
(8) Purchase and transfer shall take place with all rights and duties
connected with the shares assigned in particular with the right to receive
dividend as of 1 January 1998.
(9) The transfer of the limited partnership shares shall become effective in
rem with the full payment of the purchase price, however, not before the
merger of Jaspers Industrie Assekuranz GmbH & Co. KG and C. Wuppesahl &
Co. Assekuranzmakler is registered in both commercial registers.
(10) The assignments shall be in the form of singular succession. Sellers
received no benefits from the limited partnership in connection with the
assignment of the limited partnership shares.
(11) Buyers herewith accept assignment of the limited partnership shares at the
afore- written conditions (para. 1 to 10).
(12) Following the transfer, the limited partnership capital of the Company is
divided as follows:
1. Xx. Xxxxx Xxxxxx, nee Xxxx,
Bad Xxxxx, holds a limited
partnership share of 11.4%, equal DM 775,200.00
2. Xx. Xxxxx Xxxxxxxx, nee Xxxxxxxxx,
Hamburg, holds a limited
partnership share of 11.0%, equal DM 748,000.00
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3. Xx. Xxxxxxx Xxxxx, Hamburg,
holds a limited partnership
share of 11.0%, equal DM 748,000.00
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4. Limited partnership in the firm
C. Wuppesahl, Bremen,
holds a limited partnership
share of 22.0%, equal DM 1,496,000.00
5. Deutsche Bank AG, Frankfurt
am Main, holds a limited
partnership share of 14.6%, equal DM 992,800.00
6. Xxxxxx Xxxxxxx GmbH,
Hamburg, holds a limited
partnership share of 30.0%, equal DM 2,040.000.00
III.
Purchase Price
(1) Xxxxxx Xxxxxxx GmbH pays to Seller Xx. Xxxxx Xxxxxx for the sold limited
partnership share a purchase price in the total amount of DM
13,846,000.00.
(2) Xxxxxx Xxxxxxx GmbH pays to Seller Xx. Xxxxxxxx for the sold limited
partnership share a purchase price in the total amount of DM 3,077,000.00.
(3) Xxxxxx Xxxxxxx GmbH pays to Seller Xx. Xxxxx for the sold limited
partnership share a purchase price in the total amount of DM 3,077,000.00.
(4) C. Wuppesahl pays to Seller Xx. Xxxxxxxx for the sold limited partnership
share a purchase price in the total amount of DM 400,000.00.
(5) C. Wuppesahl pays to Seller Xx. Xxxxx for the sold limited partnership
share a purchase price in the total amount of DM 400,000.00.
(6) C. Wuppesahl pays to Seller C. Wuppesahl Management GmbH for the
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transferred limited partnership share no purchase price.
(7) Each purchase price is due on signing of the present agreement and is to
be paid within three bank working days to a joint blocked account of the
contracting parties at Deutsche Bank AG, account no. 040110906, sort code
200 700 00.
(8) The bank is hereby instructed to pay the amount according to no. III,
para. 1 to 6 to the respective Seller with interest as soon as the bank
receives a certified extract from the commercial register of the Company
showing that the merger of Jaspers Industrie Assekuranz GmbH & Co. KG and
C. Wuppesahl & Co. Assekuranzmakler has been registered.
IV.
Approvals
(1) On 22 January 1998 the Company approved the above mentioned share
transfers.
(2) All shareholders expressly waived their rights of first refusal and
similar rights - if any.
V.
Miscellaneous
(1) Should a provision of this agreement be or become ineffective this shall
not affect the effectiveness of the remaining provisions. Instead of the
ineffective provision or a regulation gap such legally admissible
provision shall be considered as agreed which, as far as possible
corresponds to what the parties intended or, within the meaning and
purpose of the present agreement, would
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have intended if they had recognised the ineffectiveness of the provision
or regulation gap in question.
(2) Changes of and amendments to the present agreement require for their
effectiveness written form unless notarial authentication is mandatory.
(3) All costs (including the costs of the notary public) incurred in
connection with the signing and performance of this agreement and all
taxes shall be paid by the Buyer. Each of the contracting parties shall
pay its consultancy fees.
Done in Frankfurt on 27 January 1998
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for Xx. Xxxxx Xxxxxx, nee Xxxx
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for Xx. Xxxxx Xxxxxxxx, nee Xxxxxxxxx
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for Xx. Xxxxxxx Xxxxx
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for C. Wuppesahl
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for C. Wuppesahl Management GmbH
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for 68. Verwaltungsgesellschaft Dammtor mbH
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for Xxxxxx Xxxxxxx GmbH
