Announcements

The Minister of Treasury invites to an auction to purchase the shares of the Companies

I. “SKINPOLEX” Sp. z o.o. with registered office in Bydgoszcz II. Przedsiębiorstwo Projektowania i Wyposażania Obiektów Przemysłowych “PROZEMAK” S.A. with registered office in Warsaw III. “BiS – Sukces” Sp. z o.o. with registered office in Lublin

 The Minister of State Treasury, ul. Krucza 36/Wspólna 6, post code: 00-522 Warszawa, acting on behalf of the Treasury, pursuant to Article 31(a), in conjunction with Article 33(1)(5) of the Commercialisation and Privatisation Act of 30 August 1996 (Journal of Laws of 2002 No. 171 item 1397, as amended), hereinafter referred to as the “Act”, and the Resolution of the Council of Ministers of  17 February 2009 on the Detailed Procedure of Disposal of Treasury-owned Shares (Journal of Laws No. 34 item 264) extends to all interested parties an invitation to an auction for the purchase of:
 
I

143 shares for one buyer, of a nominal value of PLN 100.00 each, constituting 9.53 % of the share capital of the company „SKINPOLEX” Sp. z o.o. with registered office in Bydgoszcz, ul. Przemysłowa 8, 85-758 Bydgoszcz, hereinafter referred to as the “Company”.

The starting price for the stake of 143 shares is PLN 166,453.43. The starting price for one share is PLN 1,164.01.
The minimum bidding increment for the entire stake of 143 shares is PLN 835.00 (say: eight hundred thousand thirty-five zloty).
In case of no further bids are placed by the bidders, subsequent calls of the highest bid shall be made every one minute.

The objects of the Company is sale of pelts at international auctions.
The Share Purchase Agreement will be concluded with the entity which placed the highest bid during the auction within up to 5 working days from the date of payment of the full purchase price of the shares, reduced by the amount of the bid security, by a bank transfer to the account of the Ministry of Treasury, account no. 03 1010 1010 0025 1213 3920 0000, maintained with Narodowy Bank Polski, Branch in Warsaw.
Payment must be made in full within 7 days from the date of announcing the highest bidder.
In the case when the purchase of shares requires:
1) the decision of the Chairman of the Office of Competition and Consumer Protection (UOKiK) on no impediments to the intended merger of companies;
2) the consent of the Minister of Internal Affairs;
- payment must be made in full within 5 working days from the day of submitting the above mentioned decisions to the Minister of Treasury.

The Share Purchase Agreement will be concluded at the organisational unit of the Ministry of Treasury responsible for budget and finance after receipt of the full payment for the shares has been confirmed.

The agreement will be concluded at the Ministry of Treasury, ul. Krucza 36/Wspólna 6, 00‑522 Warszawa.
The auction shall be closed upon signing the Share Purchase Agreement for the Company’s shares.
The bid security of PLN 16,645.34 (say: sixteen thousand six hundred forty-five zloty and thirty-four groszy), which corresponds to 10 % of the starting price, shall be paid by bank transfer to the account of the Ministry of Treasury, account no. 13 1130 1017 0019 9426 2520 0007, maintained with Bank Gospodarstwa Krajowego S.A., Branch No. 1 in Warsaw, by 24 September 2009.
The bid security is non refundable in the event that the highest bidder refuses to sign the Share Purchase Agreement and when the entity which deposited the required bid security decides not to participate in the auction after the date for submitting applications has expired.

II
13,000 ordinary bearer shares (series A) for one buyer, of a nominal value of PLN 10.00 each, constituting 10 % of the share capital of the company Przedsiębiorstwo Projektowania i Wyposażania Obiektów Przemysłowych „PROZEMAK” S.A. z siedzibą w Warszawie, ul. Improwizacji 5, 01-992 Warszawa, hereinafter referred o as the “Company”.
The starting price for the stake of 13,000 shares is PLN 323,830.00. The starting price for one share is PLN 24.91.
The minimum bidding increment for the entire stake of 13,000 shares is PLN 1,620.00 (say: one thousand six hundred and twenty zloty).
In case of no further bids are placed by the bidders, subsequent calls of the highest bid shall be made every one minute.
The highest bidders will be obliged to purchase the shares on the terms and conditions set forth in the Share Purchase Agreement attached hereto.

The objects of the Company is manufacture and supply of machines, devices and spare parts for the wood-based boards industry, manufacture of furniture for offices and stores, manufacture of kitchen furniture, services in scope of construction design, urban design, technological design, letting of own property.

The Share Purchase Agreement will be concluded with the entity which placed the highest bid during the auction within up to 5 working days from the date of payment of the full purchase price of the shares, reduced by the amount of the bid security, by a bank transfer to the account of the Ministry of Treasury, account no. 03 1010 1010 0025 1213 3920 0000, maintained with Narodowy Bank Polski, Branch in Warsaw.
Payment must be made in full within 7 days from the date of announcing the highest bidder.
In the case when the purchase of shares requires:
1) the decision of the Chairman of the Office of Competition and Consumer Protection (UOKiK) on no impediments to the intended merger of companies;
2) the consent of the Minister of Internal Affairs;
- payment must be made in full within 5 working days from the day of submitting the above mentioned decisions to the Minister of Treasury.

The Share Purchase Agreement will be concluded at the organisational unit of the Ministry of Treasury responsible for budget and finance after receipt of the full payment for the shares has been confirmed.

The agreement will be concluded at the Ministry of Treasury, ul. Krucza 36/Wspólna 6, 00‑522 Warszawa.
The auction shall be closed upon signing the Share Purchase Agreement for the Company’s shares.
The bid security of PLN 32,383.00 (say: thirty-two thousand three hundred and eighty-three zloty), which corresponds to 10 % of the starting price, shall be paid by bank transfer to the account of the Ministry of Treasury, account no. 13 1130 1017 0019 9426 2520 0007, maintained with Bank Gospodarstwa Krajowego S.A., Branch No. 1 in Warsaw, by 24 September 2009.
The bid security is non refundable in the event that the highest bidder refuses to sign the Share Purchase Agreement and when the entity which deposited the required bid security decides not to participate in the auction after the date for submitting applications has expired.

III
61 shares for one buyer, of a nominal value of PLN 1,000.00 each, constituting 1.64 % of the share capital of the company „BiS-Sukces” Sp. z o.o. with registered office in Lublin, ul. Krakowskie Przedmieście 26, 20-002 Lublin, hereinafter referred to as the “Company”.
The starting price for the stake of 61 shares in PLN 65,982.48. The starting price for one share is PLN 1,081.68.
The minimum bidding increment for the entire stake of 61 shares is PLN 330.00 (say: three hundred and thirty zloty).
In case of no further bids are placed by the bidders, subsequent calls of the highest bid shall be made every one minute.
The highest bidders will be obliged to purchase the shares on the terms and conditions set forth in the Share Purchase Agreement attached hereto.

The objects of the Company is real estate management and consultancy services.
The Share Purchase Agreement will be concluded with the entity which placed the highest bid during the auction within up to 5 working days from the date of payment of the full purchase price of the shares, reduced by the amount of the bid security, by a bank transfer to the account of the Ministry of Treasury, account no. 03 1010 1010 0025 1213 3920 0000, maintained with Narodowy Bank Polski, Branch in Warsaw.
Payment must be made in full within 7 days from the date of announcing the highest bidder.
In the case when the purchase of shares requires:
1) the decision of the Chairman of the Office of Competition and Consumer Protection (UOKiK) on no impediments to the intended merger of companies;
2) the consent of the Minister of Internal Affairs;
- payment must be made in full within 5 working days from the day of submitting the above mentioned decisions to the Minister of Treasury.
The Share Purchase Agreement will be concluded at the organisational unit of the Ministry of Treasury responsible for budget and finance after receipt of the full payment for the shares has been confirmed.

The agreement will be concluded at the Ministry of Treasury, ul. Krucza 36/Wspólna 6, 00‑522 Warszawa.
The auction shall be closed upon signing the Share Purchase Agreement for the Company’s shares.
The bid security of PLN 6,598.24 (say: six thousand five hundred ninety-eight zloty and twenty-four groszy), which corresponds to 10 % of the starting price, shall be paid by bank transfer to the account of the Ministry of Treasury, account no. 13 1130 1017 0019 9426 2520 0007, maintained with Bank Gospodarstwa Krajowego S.A., Branch No. 1 in Warsaw, by 24 September 2009.

The bid security is non refundable in the event that the highest bidder refuses to sign the Share Purchase Agreement and when the entity which deposited the required bid security decides not to participate in the auction after the date for submitting applications has expired.
Applications for participation in the auction should be made in the Polish language and should contain:
1)      name, surname and address or name and registered office of the entity interested in participating in the auction;
2)      address for correspondence;
3)      attached evidence of payment of the bid security, along with an indication of the bank account to which the bid security should be refunded;
4)      If the entity responding to the invitation is a natural person:
a)      a photocopy of an identity document confirming the identity of such person, certified by a notary public to be a true copy of the original,
b)      if the natural person is engaged in a business activity – a valid certificate confirming entry in the Register of Business Activity, if separate provisions of law require the entity to be entered in the Register of Business Activity, submitted in original or as a certified copy made by a notary public,
c)      information on the method of financing of the share purchase transaction;
5)      If the entity responding to the invitation is a legal person:
a)      a valid extract from the relevant register;
b)      details of the person(s)* entitled to participate in the auction, along with a power of attorney;
c)      details of the person(s)* entitled to represent the entity in signing the agreement, along with a duly executed power of attorney, in the event that the identity of the signee is different than the identity of the person specified in item 1;
d)      information on the method of financing of the share purchase transaction;
6)      declaration that the entity interested in participation in the auction:
a)      is not in default with payment of any taxes, or a declaration that the entity obtained, in accordance with the law, the required exemption, deferral, division of overdue amounts into instalments or a stay of execution (in full) of the decision of a relevant authority,
b)      is not in default with payment of fees or premiums for social or medical insurance, or a declaration that the entity obtained, in accordance with the law, the required exemption, deferral, division of overdue amounts into instalments or a stay of execution (in full) of the decision of a relevant authority,
c)      is not in breach of any other privatisation agreements and that the entity is not a party to any court disputes in this regard,
d)      is not in breach of any other agreements concluded with the Treasury, and that the entity is not a party to any court disputes in this regard,
e)     is not a subject of liquidation proceedings and that no bankruptcy was announced, apart from entities which upon announcement of bankruptcy made an arrangement approved under a valid court decision, provided that such arrangement does not provide for satisfaction of creditors by liquidation of the assets of the bankrupt entity,
f)       is not entered in the Register of Insolvent Debtors,
g)      is not registered in the Credit Information Bureau as an unreliable borrower.
In the event that the entity interested in participation in the auction is a foreign entity, the submitted documents in a foreign language must be translated into the Polish language by a sworn translator. Documents such as an extract from the relevant register, a power of attorney to act on behalf of the entity interested in participation in the auction should be certified by a Consulate/the Embassy of the Republic of Poland in the country where the entity interested in participation in the auction has its registered office, unless specified otherwise by applicable law provisions.

Applications for the auction should be submitted in one copy, in a sealed envelope, to the Ministry of Treasury, 00-522 Warszawa, ul. Krucza 36/Wspólna 6, to the front office of the Ministry of Treasury or the front office of the Department of State Real Property and Minority Stakes, room 447, on business days, during office hours 8:15 AM – 4:15 PM, by 24 September 2009.
A respective inscription should be placed on the envelope:
“Application to participate in the auction for the purchase of shares of the company„SKINPOLEX” Sp. z o.o. with registered office in Bydgoszcz – Do not open”
“Application to participate in the auction for the purchase of shares of the companyPrzedsiębiorstwo Projektowania i Wyposażania Obiektów Przemysłowych „PROZEMAK” S.A. with registered office in Warsaw – Do not open”
“Application to participate in the auction for the purchase of shares of the company „BiS – Sukces” Sp. z o.o. with registered office in Lublin – Do not open”

Applications to participate in the auction will not be accepted after the expiry of the stipulated date and/or if no inscriptions, as indicated above, have been placed on the envelopes.
The auction will commence on 30 September 2009 at 12:00 noon, in room 116, Ministry of Treasury, ul. Krucza 36/Wspólna 6, Warsaw.
The invitation to participate in the auction and the terms and conditions of the auction are subject to change or withdrawal by the Minister of Treasury.
 
I
Purchase agreement:
SHARE PURCHASE AGREEMENT
NO. MSP/.......................................................
 
CONCERNING THE PURCHASE OF SHARES OF
“SKINPOLEX” Sp. z o.o. with the registered office in Bydgoszcz
 
concluded on .........., in Warsaw (hereinafter referred to as the “Agreement”),
by and between:
State Treasury of the Republic of Poland, represented by the Minister of Treasury, Mr. ..............................., hereinafter referred to as the “Seller”
and
where the buyer is a legal person
...................................... (company/name of the buyer) with the registered office in ........................., at ul. ....................., ................................., entered into the Register of Entrepreneurs kept by the District Court for ............................. in ..........................., ...... Commercial Division of the National Court Register under KRS No. ........................., represented by ...................................., authorised to represent the Buyer in accordance with the enclosed transcript from the register (or power of attorney prepared in due form in the event that the person(s) is/are acting pursuant to the power of attorney granted by the persons authorised to represent the Buyer), constituting Appendix 1 hereto, hereinafter referred to as the “Buyer”.
 
where the buyer is a natural person
..............................................................................(names and surname), with the place of residence in .................................. at ul.............................., holder of the ID card of series ....... no. ............................ (and in the event that the natural person is engaged in economic activity, the entry in the economic activity records under the number ................. kept by ............................................, in accordance with the certificate of entry in the economic activity records, constituting Appendix 1 hereto), hereinafter referred to as the “Buyer”.
 
The Seller and the Buyer are hereinafter jointly referred to as the “Parties”, and each of them individually as a “Party”.
 
Whereas:
1.     The Seller owns 143 (say: one hundred and forty-three) shares with nominal value of PLN 100.00 (say: one hundred zloty) each, constituting 9.53% of the share capital of the company “SKINPOLEX” Sp. z o.o. with the registered office in Bydgoszcz, hereinafter referred to as the Shares, entered into the Register of Entrepreneurs kept by the District Court in Bydgoszcz, 13th Commercial Division of the National Court Register under KRS No. 0000065878, hereinafter referred to as the “Company”. Company’s transcript from the register of entrepreneurs constitutes Appendix 2 hereto;
2.      The Seller represents that the shares to be disposed of are free of any restrictions on sale or other encumbrances and are not subject to any third party claims.
3.      The Buyer has placed the highest bid during the auction no. .................., regarding the sale of 143 shares owned by the State Treasury, constituting 9.53% of the share capital of the company operating under the business name of “SKINPOLEX” Sp. z o.o. with the registered seat in Bydgoszcz, carried out in accordance with the applicable laws;
The Parties have mutually agreed as follows:
§ 1
 
1.      The Seller sells, and the Buyer buys the Shares.
2.      Purchase price per Share shall be PLN ..... (say: ..... ), hereinafter referred to as the “Price per Share”.
3.      Total Share purchase price shall be PLN ..... (say: ........), and it shall be the product of the Price per Share multiplied by the number of shares purchased by the Buyer.
 
§ 2
1.      The Seller confirms that the Buyer has paid the amount specified in § 1 (3) of the Agreement, reduced by the security in the amount of PLN 16,645.34 (say: sixteen thousand six hundred and forty-five zloty, thirty-four groszy), paid by means of the bank transfer to the account of the Ministry of Treasury no. 03 1010 1010 0025 1213 3920 0000, kept by the National Bank of Poland, Regional Branch in Warsaw.
2.      The Seller hereby confirms that it has received the amount that constitutes the total Share purchase price.
 

§ 3
1.      The shares shall be transferred by the Seller to the Buyer at the moment of conclusion of this Agreement along with all rights and obligations arising therefrom.
2.      Upon conclusion of this Agreement, the Buyer shall be obliged to notify the Company’s Management Board immediately in writing of conclusion of this Agreement and the transfer of shares to the Buyer as well as to submit the copy of this Agreement in order for the relevant entry in the Company’s Shareholders’ Register to be made.
§ 4
1.      The Buyer represents that the conclusion of this Agreement by the Buyer does not violate the provisions of the Polish law nor does it violate any provisions of any permit, authorisation or exemption issued by public administration bodies of the Republic of Poland.
2.      The Buyer did not rely on any representations or declarations, whether explicit or implied, issued or submitted by the Seller or on its behalf.
3.      The Buyer represents that it has a complete knowledge of the Company’s legal, financial and economic standing, and in making the decision to purchase the Shares it relies only on its knowledge of the Company. In consideration of the above, the Buyer waives the right to and agrees not to pursue any claims against the Seller, which the Buyer could pursue with respect to nondisclosure of substantive information concerning the Company’s legal, financial and economic standing.
§ 5
1.      This Agreement shall be governed by the provisions of the Polish law.
2.      The costs of taxes and other fees related to the conclusion of this Agreement shall be borne by the Buyer.
3.      All changes to this Agreement shall be made in writing on pain of nullity, with signatures confirmed by the notary public.
4.      This Agreement has been made in the Polish language, in two identical copies, one for each of the Parties.
5.    All notifications and communication related hereto shall be made in writing and submitted personally, by courier or registered mail upon confirmation of receipt, to the address of:
 
the Seller:                                                                                                         the Buyer:
Ministry of Treasury                                                                                              ........................
ul. Krucza 36/ Wspólna 6
00-522 Warsaw
 
6.      Each Party shall inform the other Party in writing in case of the change of the address for notifications and communications related hereto. In the event that this duty is neglected, notifications and communications sent to the former address shall be considered to have been delivered.
 
Signed by:
The Seller:                                         The Buyer:
 
Appendices:
1.      Buyer’s Transcript from the Register of Entrepreneurs from the National Court Register or Certificate of Entry in the economic activity records and the power of attorney (if any).
2.      Company’s Transcript from the Register of Entrepreneurs from the National Court Register.
.......................................................................................................................................................
II
Purchase agreement:
SHARE PURCHASE AGREEMENT
NO. MSP/.......................................................
 
CONCERNING THE PURCHASE OF SHARES OF
Przedsiębiorstwo Projektowania i Wyposażania Obiektów Przemysłowych “PROZEMAK” S.A. with the registered seat in Warsaw
 
concluded on .........., in Warsaw (hereinafter referred to as the “Agreement”),
by and between:
State Treasury of the Republic of Poland, represented by the Minister of Treasury, Mr. ..............................., hereinafter referred to as the “Seller”
and
where the buyer is a legal person
...................................... (company/name of the buyer) with the registered office in ........................., at ul. ....................., ................................., entered into the Register of Entrepreneurs kept by the District Court for ............................. in ..........................., ...... Commercial Division of the National Court Register under KRS No. ........................., represented by ...................................., authorised to represent the Buyer in accordance with the enclosed transcript from the register (or power of attorney prepared in due form in the event that the person(s) is/are acting pursuant to the power of attorney granted by the persons authorised to represent the Buyer), constituting Appendix 1 hereto, hereinafter referred to as the “Buyer”.
 
where the buyer is a natural person
..............................................................................(names and surname), with the place of residence in .................................. at ul.............................., holder of the ID card of series ....... no. ............................ (and in the event that the natural person is engaged in economic activity, the entry in the economic activity records under the number ................. kept by ............................................, in accordance with the certificate of entry in the economic activity records, constituting Appendix 1 hereto), hereinafter referred to as the “Buyer”.
 
The Seller and the Buyer are hereinafter jointly referred to as the “Parties”, and each of them individually as a “Party”.
 
Whereas:
1.      The Seller owns 13,000 (say: thirteen thousand) of ordinary registered shares of series A with nominal value of PLN 10.00 (say: ten zloty) each, constituting 10% of the share capital of the company Przedsiębiorstwo Projektowania i Wyposażania Obiektów Przemysłowych “PROZEMAK” S.A. with the registered seat in Warsaw, hereinafter referred to as the Shares, entered into the Register of Entrepreneurs kept by the District Court for the Capital City of Warsaw in Warsaw, 13th Commercial Division of the National Court Register under KRS No. 0000056281, hereinafter referred to as the “Company”. Company’s transcript from the register of entrepreneurs constitutes Appendix 2 hereto;
2.      The Seller represents that the shares to be disposed of are free of any restrictions on sale or other encumbrances and are not subject to any third party claims.
3.      The Buyer has placed the highest bid during the auction no. .................., regarding the sale of 13,000 shares owned by the State Treasury, constituting 10% of the share capital of the company operating under the business name of Przedsiębiorstwo Projektowania i Wyposażania Obiektów Przemysłowych “PROZEMAK” S.A. with the registered office in Warsaw, carried out in accordance with the applicable laws;
The Parties have mutually agreed as follows:
§ 1
 
1.      The Seller sells, and the Buyer buys the Shares.
2.      Purchase price per Share shall be PLN ..... (say: ..... ), hereinafter referred to as the “Price per Share”.
3.      Total Share purchase price shall be PLN ..... (say: ........), and it shall be the product of the Price per Share multiplied by the number of shares purchased by the Buyer.
 
§ 2
1.      The Seller confirms that the Buyer has paid the amount specified in § 1 (3) of the Agreement, reduced by the security in the amount of PLN 32,383.00 (say: thirty-two thousand three hundred and eighty-three zloty, zero groszy), paid by means of the bank transfer to the account of the Ministry of Treasury no. 03 1010 1010 0025 1213 3920 0000, kept by the National Bank of Poland, Regional Branch in Warsaw.
2.      The Seller hereby confirms that it has received the amount that constitutes the total Share purchase price.
 
§ 3
1.      The Shares shall be transferred by the Seller to the Buyer at the moment of conclusion of this Agreement along with all rights and obligations arising therefrom.
2.      Upon conclusion of this Agreement, the Buyer shall be obliged to notify the Company’s Management Board immediately in writing of conclusion of this Agreement and the transfer of shares to the Buyer as well as to submit the copy of this Agreement in order for the relevant entry in the Company’s Shareholders’ Register to be made.
§ 4
1.      The Buyer represents that the conclusion of this Agreement by the Buyer does not violate the provisions of the Polish law nor does it violate any provisions of any permit, authorisation or exemption issued by public administration bodies of the Republic of Poland.
2.      The Buyer did not rely on any representations or declarations, whether explicit or implied, issued or submitted by the Seller or on its behalf.
3.      The Buyer represents that it has a complete knowledge of the Company’s legal, financial and economic standing, and in making the decision to purchase the Shares it relies only on its knowledge of the Company. In consideration of the above, the Buyer waives the right to and agrees not to pursue any claims against the Seller, which the Buyer could pursue with respect to nondisclosure of substantive information concerning the Company’s legal, financial and economic standing.
 
§ 5
1.      This Agreement shall be governed by the provisions of the Polish law.
2.      The costs of taxes and other fees related to the conclusion of this Agreement shall be borne by the Buyer.
3.      All changes to this Agreement shall be made in writing on pain of nullity, with signatures confirmed by the notary public.
4.      This Agreement has been made in the Polish language, in two identical copies, one for each of the Parties.
5.    All notifications and communication related hereto shall be made in writing and submitted personally, by courier or registered mail upon confirmation of receipt, to the address of:
 
the Seller:                                                                                                         the Buyer:
Ministry of Treasury                                                                                              ........................
ul. Krucza 36/ Wspólna 6
00-522 Warsaw
 
6. Each Party shall inform the other Party in writing in case of the change of the address for notifications and communications related hereto. In the event that this duty is neglected, notifications and communications sent to the former address shall be considered to have been delivered.
 
Signed by:
The Seller:                                         The Buyer:
Simultaneously confirming the receipt of multiple-share certificates
 
Appendices:
1.      Buyer’s Transcript from the Register of Entrepreneurs from the National Court Register or Certificate of Entry in the economic activity records and the power of attorney (if any).
2.      Company’s Transcript from the Register of Entrepreneurs from the National Court Register.
3.      Seller’s representation concerning the Transfer of Shares.
Appendix .....
to the Share Purchase Agreement
...........................................
 
SELLER’S REPRESENTATION CONCERNING THE TRANSFER OF SHARES
I, the undersigned, acting pursuant to the Article 339 of the Code of Commercial Companies, hereby transfer 13,000 ordinary registered shares of the series “A”, numbers 117001 to 130000, with the nominal value of PLN 10.00 (say: ten) zloty each, constituting 10% of the share capital of the company operating under the business name of Przedsiębiorstwo Projektowania i Wyposażania Obiektów Przemysłowych “PROZEMAK” Spółka Akcyjna with the registered office in Warsaw, along with all rights and obligations arising therefrom to ..................
 
Minister of Treasury
.......................................................................................................................................................
III
Purchase agreement:
SHARE PURCHASE AGREEMENT
NO. MSP/.......................................................
“BiS-Sukces” Sp. z o.o. with the registered office in Lublin
 
concluded on .........., in Warsaw (hereinafter referred to as the “Agreement”),
by and between:
State Treasury of the Republic of Poland, represented by the Minister of Treasury, Mr. ..............................., hereinafter referred to as the “Seller”
and
where the buyer is a legal person
...................................... (company/name of the buyer) with the registered office in ........................., at ul. ....................., ................................., entered into the Register of Entrepreneurs kept by the District Court for ............................. in ..........................., ...... Commercial Division of the National Court Register under KRS No. ........................., represented by ...................................., authorised to represent the Buyer in accordance with the enclosed transcript from the register (or power of attorney prepared in due form in the event that the person(s) is/are acting pursuant to the power of attorney granted by the persons authorised to represent the Buyer), constituting Appendix 1 hereto, hereinafter referred to as the “Buyer”.
 
where the buyer is a natural person
..............................................................................(names and surname), with the place of residence in .................................. at ul.............................., holder of the ID card of series ....... no. ............................ (and in the event that the natural person is engaged in economic activity, the entry in the economic activity records under the number ................. kept by ............................................, in accordance with the certificate of entry in the economic activity records, constituting Appendix 1 hereto), hereinafter referred to as the “Buyer”.
 
The Seller and the Buyer are hereinafter jointly referred to as the “Parties”, and each of them individually as a “Party”.
 
Whereas:
1.      The Seller owns 61 (say: sixty-one) shares with nominal value of PLN 1,000.00 (say: one thousand zloty) each, constituting 1.64 % of the share capital of the company “BiS-Sukces” Sp. z o.o. with the registered office in Lublin, hereinafter referred to as the Shares, entered into the Register of Entrepreneurs kept by the District Court in Lublin, 11th Commercial Division of the National Court Register under KRS No. 0000105622, hereinafter referred to as the “Company”. Company’s transcript from the register of entrepreneurs constitutes Appendix 2 hereto;
2.      The Seller represents that the shares to be disposed of are free of any restrictions on sale or other encumbrances and are not subject to any third party claims.
3.      The Buyer has placed the highest bid during the auction no. .................., regarding the sale of 61 shares owned by the State Treasury, constituting 1.64% of the share capital of the company operating under the business name of “BiS-Sukces” Sp. z o.o. with the registered office in Lublin, carried out in accordance with the applicable laws;
The Parties have mutually agreed as follows:
§ 1
1.      The Seller sells, and the Buyer buys the Shares.
2.      Purchase price per Share shall be PLN ..... (say: ..... ), hereinafter referred to as the “Price per Share”.
3.      Total Share purchase price shall be PLN ..... (say: ........), and it shall be the product of the Price per Share multiplied by the number of shares purchased by the Buyer.
§ 2
1.      The Seller confirms that the Buyer has paid the amount specified in § 1 (3) of the Agreement, reduced by the security in the amount of PLN 6,598.24 (say: six thousand five hundred and ninety-eight zloty, twenty-four groszy), paid by means of the bank transfer to the account of the Ministry of Treasury no. 03 1010 1010 0025 1213 3920 0000, kept by the National Bank of Poland, Regional Branch in Warsaw.
2.      The Seller hereby confirms that it has received the amount that constitutes the total Share purchase price.
§ 3
1.      The Shares shall be transferred by the Seller to the Buyer at the moment of conclusion of this Agreement along with all rights and obligations arising therefrom.
2.      Upon conclusion of this Agreement, the Buyer shall be obliged to notify the Company’s Management Board immediately in writing of conclusion of this Agreement and the transfer of shares to the Buyer as well as to submit the copy of this Agreement in order for the relevant entry in the Company’s Shareholders’ Register to be made.
§ 4
1.      The Buyer represents that the conclusion of this Agreement by the Buyer does not violate the provisions of the Polish law nor does it violate any provisions of any permit, authorisation or exemption issued by public administration bodies of the Republic of Poland.
2.      The Buyer did not rely on any representations or declarations, whether explicit or implied, issued or submitted by the Seller or on its behalf.
3.      The Buyer represents that it has a complete knowledge of the Company’s legal, financial and economic standing, and in making the decision to purchase the Shares it relies only on its knowledge of the Company. In consideration of the above, the Buyer waives the right to and agrees not to pursue any claims against the Seller, which the Buyer could pursue with respect to nondisclosure of substantive information concerning the Company’s legal, financial and economic standing.
§ 5
1.      This Agreement shall be governed by the provisions of the Polish law.
2.      The costs of taxes and other fees related to the conclusion of this Agreement shall be borne by the Buyer.
3.      All changes to this Agreement shall be made in writing on pain of nullity, with signatures confirmed by the notary public.
4.      This Agreement has been made in the Polish language, in two identical copies, one for each of the Parties.
5.    All notifications and communication related hereto shall be made in writing and submitted personally, by courier or registered mail upon confirmation of receipt, to the address of:
 
the Seller:                                                                                                         the Buyer:
Ministry of Treasury                                                                                              ........................
ul. Krucza 36/ Wspólna 6
00-522 Warsaw
6.      Each Party shall inform the other Party in writing in case of the change of the address for notifications and communications related hereto. In the event that this duty is neglected, notifications and communications sent to the former address shall be considered to have been delivered.
Signed by:
The Seller:                                         The Buyer:
 
Appendices:
1.      Buyer’s Transcript from the Register of Entrepreneurs from the National Court Register or Certificate of Entry in the economic activity records and the power of attorney (if any).

 

Company’s Transcript from the Register of Entrepreneurs from the National Court Register.

Publication date : 04.09.2009

Published by : Aleksandra Karpowicz
Author : Public Relations Office

Statystyka strony: 814 wizyt