General Motors CompanyLetter Agreement • December 20th, 2012 • General Motors Co • Motor vehicles & passenger car bodies
This letter (the “Letter Agreement”) sets forth our agreement that General Motors Company (the “Company”) will purchase from the United States Department of the Treasury (“Treasury”) a portion of Treasury's holdings of the Company's common stock, par value $0.01 per share (“Common Stock”). Specifically, the Company will purchase from Treasury 200,000,000 shares of Common Stock (the “Shares”) at a cash price per share of $27.50 per share for a total consideration of $5,500,000,000 (the “Sale”). The closing of the Sale shall occur on December 21, 2012.
