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Title: |
Bidding and Share Subscription Agreement |
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Entities: |
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Date: |
2001 |
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Preview shows 6KB of 49KB total |
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$37 |
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ID: |
#358541 |
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DATED 25 October 2000
------------------------
WESFARMERS RAILROAD HOLDINGS PTY LTD
ACN 008 705 986
(WRH)
WESFARMERS LIMITED
ACN 008 984 049
(Wesfarmers)
GWI HOLDINGS PTY LTD
ACN 094 819 806
(GWH)
GENESEE & WYOMING INC
(GWI)
- AND -
GENESEE & WYOMING AUSTRALIA PTY LTD
ACN 080 579 308
(Company)
WESTRAIL FREIGHT
BIDDING AND SHARE SUBSCRIPTION AGREEMENT
EDWARDS THOMPSON
Solicitors
Level 31, QV1 Building
250 St George's Terrace
Perth 6000
Western Australia
Telephone: 61 8 9321 2722
Facsimile: 61 8 9321 2788
E-mail: law@edwardsthompson.com.au
Ref: AGT:AC:2000365
{PAGE}
TABLE OF CONTENTS
1. DEFINITIONS AND INTERPRETATION . . . . . . . . . . . . . . . . . . . . 1
2. ISSUE OF SHARES AND MAKING OF LOANS . . . . . . . . . . . . . . . . . 5
3. FUNDING OF THE BID AND ASSOCIATED EXPENSES AND LIABILITIES . . . . . 6
4. SHAREHOLDERS AGREEMENT . . . . . . . . . . . . . . . . . . . . . . . . 8
5. DIRECTORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
6. CHANGE OF NAME OF COMPANY AND INCORPORATION OF NEW COMPANIES . . . . 8
7. GENERAL WARRANTIES . . . . . . . . . . . . . . . . . . . . . . . . . 9
8. GWH AND GWI WARRANTIES AND INDEMNITIES . . . . . . . . . . . . . . . 9
9. SPECIFIC INDEMNITIES, WARRANTIES AND COVENANTS . . . . . . . . . . . 10
10. SPECIAL RIGHTS OF GWI IF ASD PROJECT PROCEEDS . . . .. . . . . . . . . 10
11. SUBORDINATION . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
12. GENERAL PROVISIONS . . . . . . . . . . . . . . . . . . . . . . . . . 10
SCHEDULE 1 - NUMBER OF GWH SUBSCRIPTION SHARES
SCHEDULE 2 - STRUCTURAL CHART
SCHEDULE 3 - NUMBER OF WRH SUBSCRIPTION SHARES
SCHEDULE 4 - WARRANTIES
SCHEDULE 5 - CONTRACTS & LITIGATION
SCHEDULE 6 - CASH FLOW FORMAT
EXECUTION
ANNEXURE
-2-
{PAGE}
BIDDING AND SHARE SUBSCRIPTION AGREEMENT
THIS AGREEMENT is made the 25th day of October 2000
AMONG
1. WESFARMERS RAILROAD HOLDINGS PTY LTD (ACN 008 705 986) of Level 11,
Wesfarmers House, 40 The Esplanade, Perth, Western Australia (WRH)
2. WESFARMERS LIMITED (ACN 008 984 049) also of Level 11, Wesfarmers House,
40 The Esplanade, Perth, Western Australia (Wesfarmers)
3. GWI HOLDINGS PTY LTD (ACN 094 819 806) of care of Edwards Thompson of
Level 31, 250 St Georges Terrace, Perth, Western Australia (GWH)
4. GENESEE & WYOMING INC, a Delaware corporation with its principal place
of business at 66 Field Point Road, Greenwich, Connecticut, United
States of America (GWI)
AND
5. GENESEE & WYOMING AUSTRALIA PTY LTD (ACN 080 579 308) of Level 2 ASR
Building, 320 Churchill Road, Kilburn, South Australia (Company)
RECITALS
A. GWH is or will be entitled to be the sole shareholder of the Company.
B. The Company has an issued capital of 1 ordinary share and 5,852,230
redeemable preference shares.
C. WRH has agreed to subscribe for shares in and to make the Loan to the
Company on the terms and conditions set out in this Agreement.
OPERATIVE PROVISIONS
1. DEFINITIONS AND INTERPRETATION
1.1 In this Agreement unless the contrary intention appears:
Accounts means the audited accounts of the Company and its subsidiaries
as at 31 December 1999.
-3-
{PAGE}
Allotment Date means the date and time immediately preceding the date
and time that Completion takes place in accordance with the Sale
Agreement.
ASD Project means the construction and operation of a new railway from
Alice Springs to Darwin, the upgrade and operation of the existing
railway from Tarcoola to Alice Springs and the construction and
operation of a container freight terminal at the Port of Darwin by a
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