Contract
Exhibit 4.06
PARTNERSHIP INTEREST PURCHASE AGREEMENT OF “VITRO CRISTALGLASS, S.L.” between FRANCISCO XXXXXX
XXXXX XXXXXX, XXXXX XXXXX XXXXXX, XXXXXXXX XXXXX XXXXXX, INVERGAR PARTICIPACIONES INMOBILIARIAS
S.L., XXXXX XXXXX BODELÓN, AND XXXXXXXXXX XXXXXX VALLINAS as Sellers and VIMEXICO, S.A. DE C.V. as
Purchaser.
Madrid, January 16, 2009.
Madrid, January 16, 2009.
STATE THAT
IV. Based on the agreements included in the Transactional Agreement, on July 10, 2008, Sellers
exercised the sale option granted on the totality of their partnership with VITRO CRISTALGLASS,
S.L. (C.I.F. B-82983180) (hereinafter the “Corporation”) (hereinafter the “Option Exercise”).
V. After the Option Exercise and to the execution of this Agreement:
(a) On August 11, 2008, Sellers and Buyers, among others, established, by virtue of a public deed
granted by Notary Public Xxxxxxxxxxx del Bierzo, Xxxx Xxxxx Xxxxxxxxx Xxxxxxxxx, under his registry
1665, a novation to the Transactional Agreement by which, among others agreements, certain aspects
were determined in connection with (i) the date for executing the purchase and sale as provided in
the Transactional Agreement; (ii) the amount of the Balance, the Actual Interest, and the Purchase
price for all Subject Partnership (as such terms are defined in the Transactional Agreement), and
(iii) the eventually that VIMEXICO may totally or partially assign, in one or several times, its
rights and obligations derived from the Purchase-sale (hereinafter referred to as “Transactional
Agreement Novation”).
(b) On December 29, 2008, the legal representatives of Sellers and Buyers executed a private
document, among others, in which the price and certain conditions of the purchase and sale of all
Subject Partnerships were amended. Attached hereto as Annex 3.
VI. The Parties hereof have decided to execute the Transactional Documents in two phases; namely:
(a) Today, January 16, 2009, executed the purchase and sale deed of NINE THOUSAND FIVE HUNDRED
SEVENTY (9,570) partnership interest (hereinafter, “Marketable Partnership Interest”).
(b) On January 30, 2009, the purchase of FIFTY THOUSAND FIVE HUNDRED THIRTY (50,530) Partnership
Interest remaining from Sellers by VITRO CRISTALGLASS.
STATEMENTS
1. | PURPOSE AND CONSENT |
1.1 | Purpose of the Purchase-sale |
The Marketable Partnership Interest.
1.2 | Consent |
1.2.1 Subject to the terms and conditions hereof,
Sellers are selling to VIMEXICO, and VIMEXICO purchases the Marketable Partnership
Interest, free of all lien, encumbrance, and restrictions
for transfer, with all ascribed rights thereof.
1.2.2 Particularly: (A) (i) INVERGAR, (ii) FRANCISCO XXXXXX XXXXX
XXXXXX, (ii) XXXXXXXX XXXXX XXXXXX, (iii) XXXXX XXXXX
XXXXXX, and (iv) the marriage between XXXXX XXXXX BODELON and
XXXXXXXXXX XXXXXX VALLINAS, sell to (B) VIMEXICO,
and VIMEXICO purchases, a number of Partnership Interest of a class and the
number resulting from the following chart:
Seller | NUMBER | CLASS | NUMBER | |||||||||||||||||
FRANCISCO XXXXXX XXXXX
XXXXXX (at a private regime) |
2,033 | B | 23,665 | a | 25,697 | |||||||||||||||
INVERGAR PARTICIPACIONES INMOBILIARIAS, S.L.U. |
1,435 | B | 1 | a | 1435 | |||||||||||||||
XXXXX XXXXX XXXXXX (at a private
regime) |
2,034 | B | 47,330 | 49,363 | ||||||||||||||||
XXXXXXXX XXXXX XXXXXX (at a
private regime) |
2,034 | B | 32,305 | 34,338 | ||||||||||||||||
XXXXX XXXXX BODELÓN and
XXXXXXXXXX XXXXXX VALLINAS (at a
profitable regime) |
2,034 | B | 2,255 | a | 4,288 | |||||||||||||||
TOTAL
|
9,570 |
2. | PURCHASE PRICE |
2.1 Therefore, the purchase price to be paid by VIMEXICO to Sellers on account of
Marketable Partnership Interest is an aggregate amount of FIVE MILLION EUROS (5,000,000
€) (hereinafter the “Price”).
3. | PAYMENT TERMS |
The Price shall be paid by VIMEXICO to Sellers by bank checks,
copy of which are attached hereto as Annex 4. Sellers hereby grant a payment letter
for such Price.
5. | BOND |
VIMEXICO, VITRO CRISTALGLASS and VITRO EUROPA hereby jointly
guarantee the performance of all and each obligation assumed by
VIMEXICO, VITRO CRISTALGLASS, and VITRO EUROPA, as the case may be,
for Sellers. Therefore, they hereby constitute as
joint guarantors in respect to Sellers, as appropriate,
and expressly waive to any order or excussion benefit and division, and to any other
general or specific character that they may have. Such purchase and sale
established an ownership agreement on the Partnership Interest until
the purchase and sale Price is paid.