SHARE PURCHASE AGREEMENT RELATING TO BIWATER SUPPLY LIMITED DATED 27 JUNE 2006
Exhibit
10.2.2
The Parties hereby agree that further to the Share Purchase Agreement (“the Agreement”) dated 27
June 2006, in accordance with Clause 3 of the Agreement, the fair market value of Biwater Supply
Limited is US$ 14,340,000 and this has been arrived based on the methodology, assumptions and
calculations as set out in the attached Paper entitled “VALUATION OF AGUAS DE PANAMA” dated 22
November 2006. Therefore prior to 26 December 2006 Cascal B.V. shall pay to Biwater Plc an
additional US$ 640,000 which is the difference between the Purchase Price of US$ 14,340,000 and the
Initial Purchase Consideration of US$ 13,700,000.
AGREED AND SIGNED IN DORKING, SURREY ON 23 NOVEMBER, 2006
/s/ Xxxxx Xxxxxxxx Magor
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/s/ Xxxxxxxx Xxxxxx Xxxx Xxxxxx
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Mr. Xxxxx Xxxxxxxx Magor
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Xx. Xxxxxxxx Xxxxxx Xxxx Xxxxxx |