Document:

Exhibit 10.1(bf)

 

AGREEMENT

 

by and among

 

1.                      Sauer-Danfoss
ApS,

Nordborgvej 81, DK-6430 Nordborg, Denmark,

represented by the Managing Director [•],

 

- hereinafter referred to as “SD” -

 

and

 

2.                      Schabmüller GmbH,

Industriestrasse 8, D-92334
Berching, Germany,

represented by the Managing Director Thomas Stüpfert

 

- hereinafter referred to as “SM” -

 

as well as

 

3.                      AURELIUS
Industriekapital GmbH,

Bavariaring 11, D-80336 Munich, Germany

 

- hereinafter referred to as “AIK” -

 

and

 

4.                      AURELIUS AG,

Bavariaring 11, D-80336 Munich, Germany

 

- hereinafter referred to as “AURELIUS” -

 

SD and SM are hereinafter referred to either collectively as the “Parties” or individually as the “Party.”

 

1

 

TABLE OF CONTENTS

 

	
  I. Sale and
  Assignment Agreement

  	
  3

  
	
  § 1 Sale and
  Assignment of Machinery, Inventories and Customer Base

  	
  3

  
	
  § 2 Purchase
  Price

  	
  4

  
	
  § 3 Security
  for the Purchase Price

  	
  5

  
	
  § 4 Transfer
  of Know-How

  	
  6

  
	
  § 5
  Acceptance of Agreements with Customers

  	
  6

  
	
  § 6
  Employees

  	
  7

  
	
  § 8
  Representations

  	
  9

  
	
  II. Commissions

  	
  9

  
	
  § 9
  Calculation of Commissions

  	
  9

  
	
  § 10
  Development Work by SD

  	
  10

  
	
  § 11
  Non-Competition by SD

  	
  10

  
	
  § 12 Term

  	
  10

  
	
  § 13 Other
  Mutual Obligations

  	
  10

  
	
  III. Further
  Understandings

  	
  12

  
	
  § 14
  Governing Law

  	
  12

  
	
  § 15 General
  Provisions

  	
  12

  

 

APPENDICES

 

	
  Appendix 1 — Production Equipment and Inventories for SD Electric
  Motors

  	
  14

  
	
  Appendix 1 a)— Production Equipment

  	
  14

  
	
  Appendix 1 b) — Inventories for SD Electric Motors

  	
  18

  
	
  Appendix 3 — Other Production Equipment (Option to Purchase)

  	
  22

  
	
  Appendix 4 — Timetable for the Assignment of Assets

  	
  26

  
	
  Appendix 5 — Know-How

  	
  27

  
	
  Appendix 6 — SD Delivery Contracts and Binding Offers

  	
  28

  
	
  Appendix 7 —
  Sales Eligible for Commission

  	
  29

  

 

2

 

Preamble

 

1.              The Parties
develop and produce, among other things, a.c. electric motors at their respective
locations.

 

2.              SD intends to
cease production of electric motors for material-handling equipment at its
Odense production location and assign to SM the respective production
equipment, production drawings for the electric motors, customer base and open
orders from customers. The personnel involved in the production of the electric
motors at the Odense location are not to be taken over by SM.

 

Now, therefore, the Parties hereby agree as follows:

 

I. Sale and Assignment Agreement

 

§ 1 Sale and Assignment of Machinery, Inventories and Customer Base

 

1.              SD sells and
assigns to SM and SM accepts the production equipment (hereinafter referred to
as the “Machines”) and inventories of parts
and subassemblies (hereinafter referred to as the “Inventories”)
described in greater detail in Appendix 1
for the production of the SD electric motors described in greater detail in Appendix 2 (hereinafter referred to
as the “SD Electric Motors”) with the
understanding that such inventories may change in the course of normal business
operations between the date of execution of this Agreement and the time at
which they are actually sourced by SM and are sold to SM only insofar as such
inventories are still on hand and available at such time. The transfer of the
Inventories and Machines shall be effected ex works SD Odense production
location (Incoterms 2000). Inventories shall also include any buffer of
finished SD Electric Motors produced in advance by SD to ensure uninterrupted
shipment pursuant to § 11 paragraph 4 of this Agreement during the transfer of
production and shipped to customers of SD during the transfer of production
(hereinafter referred to as “Buffer”). The
exact quantity of this Buffer cannot be precisely planned. Such inventories
shall not include parts and assemblies that are not intended for use in the
production of SD Electric Motors.

 

2.              SD further sells
and assigns to SM and SM accepts the customer base for sales of SD Electric
Motors (hereinafter referred to as the “Customer Base”).

 

3.              Finally, SD
gives SM a time-limited option to purchase all other production equipment
listed in Appendix 3, which option may
be exercised in respect of all or only part of the production equipment through
written notification of SD accordingly by SM within six (6) weeks after
execution of this Agreement. The date of receipt of such notification by SD
shall be considered the effective date of notification for purposes of
determining whether the option has been timely exercised by SM.

 

4.              The Machines and
Inventories shall be disassembled, packed and shipped by SM in compliance with
the timetable provided in Appendix 4.

 

3

 

5.              The Parties agree
that drawings, proprietary rights and other intellectual property in existence
as of the time of assignment shall remain the property of SD. However, SD
grants SM a non-exclusive right to exploit such rights — with the exception of
rights to names and trademarks of SD — for an indefinite period of time
(extending also beyond the terms of this Agreement) in connection with the
production of the SD Electric Motors and for purposes of communication with
customers.

 

§ 2 Purchase Price

 

1.                  That
component of the Purchase Price for a) the Machines identified in § 1 paragraph
1 is equal to €1,401,162.72 (in words: one million four hundred one thousand
one hundred sixty-two euros and seventy-two cents) keep total depreciation
incurred between 30 November 2008 and the date of delivery of the production
equipment to SM and that for b) the Inventories identified in § 1 paragraph 1
b) is equal to €5.150.960,20 (in words: five million one hundred fifty thousand
nine hundred and sixty euros and twenty cents). The price for the Inventories
includes a flat reduction of 12% to the gross value amount as shown in Appendix
1 b) of €5,853,363.86 (in words: five million eight hundred fifty-three
thousand three hundred sixty-three euros and eighty-six cents) (Status of 30 November 2008).
This reduction takes into account any and all depreciation as well as, among
other things, differences that may arise if the quantities of rotors and
stators, for example, do not match. The exchange rate for the conversion of
Danish krones into euros is 7.44831 DKK = 1 EUR.

 

2.                  That
component of the Purchase Price for the Customer Base is equal to €4,600,000.00
(in words: four million six hundred thousand euros).

 

3.                  The
component of the Purchase Price for the production equipment acquired pursuant
to Appendix 3 is the sum of the
carrying amounts of the production equipment in respect of which the option to
purchase is exercised as of the agreed time of delivery.

 

4.                  The Parties
assume that the components of the Purchase Price pursuant to paragraphs 1 to 3
are not subject to value-added tax since the transaction involves for the most
part the disposal of an operational entity. However, in the event value-added
tax should be due on the Purchase Price, the corresponding amount shall be paid
by SM in addition to the Purchase Price.

 

5.                  The
components of the Purchase Price specified in paragraphs 1 a) (Machines) and 3
(Option) shall be due and payable within three days of delivery ex works of the
respective assets but not later than 30 April 2009 to the account of SD
(hereinafter referred to as the “SD Account”).

 

Account: 3227872225

IBAN: dk9530003227872225

SWIFT: DABADKKK

with: Danske Bank

 

That component of the Purchase Price specified in paragraph 1 b)
(Inventories) shall be due and payable to the SD Account in six monthly
installments, each of which installments 

 

4

 

is to be made within the 60 calendar days following the end of each
calendar month as of March 2009. The amount of each of the six monthly
installments shall be based on the value of the assemblies and parts received
from inventories during each of the respective months. SM shall accept the
inventories, including any parts firmly ordered pursuant to § 13 paragraph 9,
and make payment with the sixth monthly installment or, as the case may be,
upon delivery of such firmly ordered parts to SM and receipt of the corresponding
invoice.

 

6.                  That
component of the Purchase Price specified in paragraph 2 shall be due and
payable to the SD Account as follows:

 

The commission payments received by SD in the years 2009 to 2012
pursuant to § 9 below will initially be credited toward the component of the
Purchase Price specified in paragraph 2.

 

In the event the total commission payments received by SD for the years
2009 to 2012 pursuant to § 9 are lower than the component of the Purchase Price
in the amount of €4.6 million specified in paragraph 2, SM shall compensate SD
for and pay any difference to SD between the total commission payments received
for the years 2009 to 2012 and the agreed component of the Purchase Price
together with the payment of the last monthly commission pursuant to § 9 for
the year 2012.

 

7.                  In the event
SM should fall more than 30 days in arrears with payment of an installment
toward the component of the Purchase Price of Inventories, all amounts payable
under this Agreement shall become due and payable immediately.

 

§ 3 Security for the Purchase Price

 

SM shall provide SD with the following security interests to secure all
payment obligations under this Agreement:

 

1.                  SM hereby
assigns to SD and SD accepts a security interest in all trade receivables arising
from the customer contracts assigned pursuant to § 5 from the time of
assignment of the respective customer contracts (Appendix 6) (hereinafter
referred to as the “Security”).
The Security shall be released upon provision of the bank guarantee pursuant to
§ 3 paragraph 2 and payment in full of the component of the Purchase Price
pursuant to § 2 paragraph 1 b).

 

2.                  SM shall aim
to provide SD with an irrevocable and unlimited bank guarantee in the amount of
€2,300,000.00 payable upon first demand from a major German bank or savings and
loan institution as of 31 December 2009. If SM even with outmost efforts
cannot provide such bank guarantee until 31 December 2009, the security
according to §3 paragraph 1 remains in place. In the case SM shall continue to
try with greatest efforts to provide this bank guarantee to SD as fast as
possible. The Parties agree that the Security will be released upon issuance of
the guarantee and payment in full of the component of the Purchase Price
pursuant to § 2 paragraph 1 b). The bank guarantee will be released on a
quarterly basis in amounts equal to the commission payments made to SD pursuant
to § 9.

 

5

 

3.                  In the case
of any finance lease covering any of the Machines (§ 1 paragraph 1 and if applicable
paragraph 3), SM shall ensure that the lessor assume joint and several
liability for payment of the components of the Purchase Price under § 2
paragraphs 1 a) and 3 make payment of the purchase price directly to SD. SD
shall explicitly retains its ownership interest in the Machines assigned under
this Agreement until payment of the components of the Purchase Price pursuant
to 2 paragraphs 1 a) and 3 is made in full.

 

4.                  AIK and
AURELIUS shall refrain from effecting any distribution of dividends or similar
distribution by SM prior to 31 December 2009 if such distribution could
jeopardize fulfillment of the payment obligations of SM under this Agreement
(hereinafter referred to as die “Distribution Freeze”).
AIK and AURELIUS shall avail themselves of all legally available means to
enforce the Distribution Freeze in respect of their respective interests.

 

§ 4 Transfer of Know-How

 

SD hereby transfers to SM the know-how required for production and
sales described in Appendix 5
to this Agreement (hereinafter also referred to as “Know-How”).
The Know-How shall be transferred to SD on a timely basis such that it is
available to SM for the purposes of preparation for and commencement of
production of the various motors.

 

§ 5 Acceptance of Agreements with Customers

 

1.                  Following
acceptance of the Machines and Inventories from SD by SM, SM shall — subject to
the consent of the respective customers — enter into the delivery contracts
between SD and its customers specified in Appendix 6 as principal and accept
all firm orders on the books of SD within three (3) weeks of termination
of production by SD. In the event any customer(s) should not consent to
such assignment of any of the respective agreement(s), the Parties agree to act
vis-à-vis one another as though such an assignment to SM had been effected. In
any such case, SM shall supply SD at prices that correspond to the sale price
for SD Electric Motors in the respective agreement(s) with the
customer(s). The same shall apply in respect of delivery dates agreed in the
respective agreements with customers.

 

2.                  SM shall
assume responsibility for warranty obligations in connection with SD Electric
Motors produced and shipped by SM following acceptance of production by SM. In
the case of SD Electric Motors from the “buffer” and those electric motors
produced by SD that are still under warranty, SM shall perform any warranty
work for SD on the basis of the official SM hourly rates pursuant to the price
list for services (currently €62.00/h) plus materials or at fixed prices — plus
in each case applicable VAT — for specified replacement work. SM shall if
requested to do so by SD document the existence of a warranty in any individual
case. Compensation for larger warranty jobs or, as the case may be, recalls
will be agreed in advance of commencement of work by the Parties.

 

6

 

§ 6 Employees

 

1.                  The Parties proceed on the assumption
that execution of the transaction will involve no transfer of personnel
employed in the operational area affected by the transfer of the Machines and
Inventories from SD to SM under the relevant provisions of Danish labor legislation.

 

2.                  SD will ensure that SD employees receive notice
and are released from their duties or, as the case may be, are taken over by
other operational entities or affiliated companies of SD prior to the time of
the transfer of the Machines and Inventories used in connection with their
employment (hereinafter referred to as “SD Employees”).

 

3.                  In the event the transfer of the Machines and
Inventories results in the creation of new employment in Germany or the Czech
Republic, SM shall offer a corresponding number of SD Employees the possibility
of further employment in Germany or the Czech Republic respectively. In the
case of SD Employees who accept such an offer, the respective terms of
employment shall be in compliance with the relevant provisions of the Danish
Transfer of Undertakings Act. SM shall respect these provisions.

 

4.                  In the event SD Employees should seek to
enforce any claims against SM under labor legislation in connection with the
execution of this Agreement, SD shall upon first demand hold SM harmless from
any such claims (including appropriate court costs and legal expenses) that are
brought against for SM in respect of the period extending from the time of
acceptance to the earliest possible date of termination of the respective employment
relationship. This hold harmless obligation shall not apply to cases in which
SM continues to maintain an employment relationship with SD Employees taken
over in Germany or the Czech Republic beyond the earliest possible date of
termination of that employment relationship. In such cases, SM shall bear the
cost of salaries or wages of SD Employees taken over as of the time of
commencement of employment in Germany or the Czech Republic.

 

5.                  Employees of the SD Techcenter in Odense shall
not be affected by the execution of this Agreement.

 

6.                  Each of the
Parties shall for a period of three (3) years from the date of execution
of this Agreement refrain from offering, directly or indirectly, any employee
of the respective other Party employment and hereby confirms that it has up to
now not offered any employee of the respective other Party an employment
contract or any similar contract or agreement or entered into any such contract
or agreement except as explicitly allowed under this Agreement. This obligation
applies to affiliated companies within the meaning of §§ 15 et seq. of the
German Stock Corporation Act (Aktiengesetz).
Employees in Denmark are explicitly excluded from this restriction.

 

In the event of any breach of the above obligations, the Party in
breach shall pay to the respective other Party a contractual penalty in the
amount of €50,000.00 for each employment contract or agreement concluded with
an employee of the respective other Party.

 

7

 

§ 7 Closing Condition

 

1.              This Agreement
is subject to the following condition precedent (referred to above and hereinafter
as the “Closing Condition”):

 

a)                      The Federal
Cartel Office (Bundeskartellamt) has approved
the acquisition by SM of the operational entity to be transferred. This Closing
Condition shall be considered to have been satisfied if

 

(1)                  the Federal Cartel Office has approved the
planned acquisition pursuant to § 40 paragraph 2 sentence 1 of the Act against
Restraints on Competition (Gesetz gegen
Wettbewerbsbeschränkungen); or

 

(2)                  the Federal Cartel Office has informed the parties involved in the merger
in writing to the effect that conditions for prohibition pursuant to § 36 of
the Act against Restraints on Competition are not applicable; or

 

(3)                  a period of one month has elapsed pursuant to § 40 paragraph 1
of the Act against Restraints on Competition without receipt of notification by
the parties involved in the merger from the Federal Cartel Office to the effect
that principal proceedings have been initiated pursuant to § 40
paragraph 1 sentence 1 of the Act against Restraints on Competition;
or

 

(4)                  a period of four months has elapsed pursuant to § 40
paragraph 2 sentence 1 of the Act against Restraints on Competition and
the Federal Cartel Office has (i) not prohibited the planned merger or (ii) granted
an extension the parties involved in the merger pursuant to § 40
paragraph 2 sentence 3 no. 1 of the Act against Restraints on
Competition; or

 

(5)                  an extension has expired without the occurrence of one of the events
described under subsubparagraph (4) (i) or (ii) of this § 6
paragraph 1.

 

b)                     neither SM
nor SD has agreed to an extension without receiving the prior written approval
of the respective other Party.

 

2.              If SM has not already done so prior to
execution of this Agreement, SM shall after consultation with SD report the
merger contemplated under this Agreement to Federal Cartel Office within five (5) banking
days after execution of the present Agreement unless a legal obligation exists
to do at an earlier point in time. The planned merger shall be reported by SM
in the name of both parties. The Parties will cooperate in the context of
reporting the planned merger.

 

3.              SM shall inform SD in writing without delay
as soon as the Closing Condition has been satisfied.

 

4.              In the event the Closing Condition is not
satisfied within the period of six (6) months following the date of
execution of this Agreement, both SD and SM may withdraw from the Agreement
upon notification of the respective other Party in writing. In the event of revocation
under this provision, all obligations of the Parties shall become void with the
exception of the obligations under § 14 (Governing Law) and § 15
(General Provisions).

 

8

 

§ 8 Representations

 

1.              SD represents
and warrants that the condition of the Machines (Appendix
1) (Appendix 3)
and Inventories (Appendix 1)
to be transferred under this Agreement is usual for the age of such machines
and inventories and suitable for corresponding industrial utilization. SD is
the owner of the Machines and Inventories; this property is neither encumbered
by any rights of third parties nor do any rights of third parties prevent
assignment of such Machines and Inventories to SM. SD also has the right to
effect the assignment under corporate law.

 

2.              SD represents
and warrants that nothing is known or indicates that the SD Electric Motors are
subject to an excessive failure rate. SM has been informed of known defects in
the design of the motors and the production process.

 

3.              SD represents
and warrants that the customer contracts specified in Appendix
6 exist as of the date of execution of this Agreement and that
SD has not as of this time received any cancellations of such contracts or any
parts thereof or agreed to any price reductions except as otherwise specified
in Appendix 6a.

 

4.              SD makes no
further representations or warranties that go beyond the scope of those mentioned
in paragraphs 1 to 3. In the event of any failure to uphold the above-mentioned
warranties, SM shall inform SD thereof without delay. In the event SD does not
restore the warrantied condition within four week after receipt of notification
or if restoration of the warrantied condition is not possible, SD shall be
liable for pecuniary damages. The liability of SD shall be limited to that
component of the Purchase Price pursuant to § 1 paragraph 1. Warranty claims
shall expire on 31 December 2010.

 

5.              Any further
claims, in particular warranty claims, claims for damages, rescission, avoidance
or claims based on the principle of frustration of contract, shall be excluded
unless such exclusion is prohibited by law. § 7 paragraph 4 shall remain in
force and effect.

 

II. Commissions

 

§ 9 Calculation of Commissions

 

1.              SD shall be receive
from SM payment of commissions on all sales of SD Electric Motors (including improvements
and new products) less the amount corresponding to those sales falling under
the exclusions pursuant to Appendix 7
(hereinafter referred to as “Sales Eligible for
Commission”) in the amount of 5.5% of Sales Eligible for Commission
during the term of the Agreement.

 

2.              Commissions to
be paid to SD by SM shall be calculated monthly on the basis of Sales Eligible
for Commission within 60 working days after the end of the respective month and
payment made by the end of the month in which the amount of the commissions is
calculated. Calculations shall initially be based on invoice dates, and a
corresponding adjustment

 

9

 

shall be made at the end of the year in the
case of uncollectible receivables. As a result, monthly commission payments
shall initially represent upfront payments that will if necessary be corrected
when accounts are settled as of the end of the year.

 

3.              Commission
payments shall be limited to €4.6 million during the term of the Agreement. No
further claims for payment of commission shall be honored.

 

§ 10 Development Work by SD

 

1.              The SD Electric
Motors were designed by SD. Any proprietary rights existing in connection with
the design of the SD Electric Motors shall remain the property of SD.

 

2.              SD agrees to
carry out design or, as the case may be, development work for SM as available
capacity allows. The scope of any such work and compensation shall be agreed in
writing in each case. An hourly rate of €90.00 (plus applicable VAT) is been
agreed for such services.

 

§ 11 Non-Competition by SD

 

SD shall for a period of four (4) years
after execution of this Agreement refrain from involvement either directly or
indirectly in the development and/or production of a.c. motors for use in
material handling equipment and refrain from purchasing or selling such motors
through third parties. Exceptions to this non-competition clause will be made
in the event SD takes over a company or enterprise or is itself taken over by a
company (asset or share deal) that manufactures such products if such
activities accounted for no more than 15% of that company’s sales prior to the
acquisition and the concrete application for the motors of SD is not identical
with that of the motor types assigned under this Agreement; SD shall further refrain
from offering motors to existing customers of SM for the duration of this
non-competition clause.

 

§ 12 Term

 

The Agreement is concluded for a term extending up to 31 December 2012
and shall expire automatically without special notice.

 

§ 13 Other Mutual Obligations

 

1.              The Parties
otherwise agree to provide each other with relevant support during the physical
transfer of the Machines and in particular to make available all important
documentation pertaining to the SD Electric Motors.

 

2.              SD shall provide
SM with relevant support in connection with the qualification of personnel
employed by SM for the production/development of the motors, the transfer of
know-how 

 

10

 

required for the operation of the equipment
to be assigned under the Agreement and the relocation of production and the
equipment. In the context of rendering such support, SD shall explicitly and
without being requested to do so draw the attention of the personnel designated
by SM to any special or unusual aspects involved in production, the products
and/or the equipment and possible sources of problems. These obligations shall
expire upon completion of the physical transfer of the Machines or, at the
latest, on 31 December 2009. In the event of any delay in shipment to
customers due to the failure of SD to provide support on a timely basis or the
failure of SD to provide support in accordance with this Agreement, SD shall
indemnify SM for any claims resulting directly from any such failure in an
amount not to exceed a maximum of € 750,000.00 upon documentation of such
failure.

 

3.              SD shall also
provide SM with relevant support in connection with the transfer of necessary
data and the reconfiguration of the supply chain (including arrangements with
suppliers and coordination of shipment with customers).

 

4.              In order to
ensure uninterrupted shipment of motors to customers, SD shall prior to the relocation
of the production equipment and the transfer of responsibility for shipment to
SM prepare and have on hand a “Buffer,” i.e., a reserve quantity, of finished
and intermediate products, the precise volume of which shall established and
agreed by the Parties on a timely basis after execution of this Agreement. This
Buffer shall be used to make shipment in accordance with the provisions of this
Agreement during the transfer of Machines and start-up of production by SM.

 

5.              SD shall be
responsible for informing customers of the change in the supplier structure. SD
shall also provide SM with relevant support in connection with the auditing of
the new processes (with SM as supplier) up to 31 December 2009.

 

6.              Each of the
Parties shall retain books and documentation pertaining to the motor package in
its possession for at least the period prescribed by law.

 

7.              Customers
assigned to SM will — insofar as advisable and necessary — be served by both
Parties up to the end of 2009 and the relationship with the customer completely
turned over to SM during this period.

 

8.              SD shall during
the transfer period allow employees of SM unlimited access to relevant
production areas in Odense to the extent this does not interfere with the
operational activities of SD. This obligation shall end upon completion of the
transfer of all production equipment to be transferred.

 

9.              SD shall
continue to remain responsible for procurement activities (ordering) to the
extent required to ensure a supply of parts and materials — as required for the
customer contracts assigned under § 4 — for SD Electric Motors. This
responsibility shall continue until such time as SM starts to order parts and
materials from suppliers and SD is informed accordingly by SM of the placement
of orders for such parts and materials. This obligation on the part of SD shall
end with the transfer of the Machines, but no later, however, than 31 March 2009.In
the context of the transition in the ordering process, SM shall enter into the
respective orders as principal subject to the approval of the respective
suppliers. In the event any supplier(s) should not consent to such
assignment of any of the respective agreement(s), the Parties agree to act
vis-à-vis one another as though such an assignment to SM had been effected.
This provision shall apply accordingly to supplier parts on order

 

11

 

as of the date of execution of this
Agreement, but not to be delivered until such time as SM has taken possession
of the entire existing inventory.

 

10.       In the case of
Inventories supplied ex works Odense, the quality and quantity of the parts and
assemblies will be inspected as thoroughly as possible by personnel made
available in Odense by SM upon shipment so that any defective parts and
assemblies or, as the case may be, parts and assemblies not suitable for the production
of SD Electric Motors are not shipped. SD shall make suitable measurement
instrumentation available to personnel of SD in Odense for purposes of such
inspection. Subsequent claims, i.e., after inspection in Odense, by SM, are
therefore excluded if such defects in parts or subassemblies were obvious. The
Parties agree accordingly that any defects in parts or subassemblies that manifest
themselves only in the course of the production processes are exempted from
such exclusion. SM shall be under no obligation to accept such defective parts
or subassemblies. SM shall notify SD without delay of any faults or defects
upon discovery of such faults or defects.

 

III. Further Understandings

 

§ 14 Governing Law

 

This Agreement shall be governed by and construed in accordance with
German law with the exception of its conflict-of- laws provisions. The U.N.
Convention on the International Sale of Goods shall not apply.

 

§ 15 General Provisions

 

1.              Neither Party
shall without the consent of the respective other Party assign any rights or
obligations arising from this Agreement to third parties.

 

2.              SM shall bear
the expense of the procedure involved in obtaining the approval of the cartel
authorities pursuant to § 7, including fees of advisors. Each of the Parties
shall otherwise bear the costs it incurs in connection with this Agreement, in
particular the costs of their advisors.

 

3.              Modifications
of, amendments to or the cancellation of this Agreement by mutual consent must
be made in writing. Notices transmitted by facsimile (but not by e-mail) shall
be considered to fulfill the written form requirement. The same shall apply to
other statements made by the Parties to establish, preserve or exercise their
rights.

 

4.              In the event any
provision of this Agreement is or becomes invalid, the Parties shall agree to a
legally valid provision that most closely approximates the economic effect of
the invalid provision. Any omissions shall be treated accordingly.

 

12

 

Nordborg, 8 December 2008

 

 

	
  /s/ Henrik Krabsen

  	
   

  	
  /s/ HansJoergen Cornett

  	
   

  	
  /s/ Dr. Wolfgang Schramm

  
	
  Sauer-Danfoss ApS

  	
   

  	
  Sauer-Danfoss ApS

  	
   

  	
  Controls Division

  
	
  (Henrik Krabsen)

  	
   

  	
  (HansJoergen Cornett)

  	
   

  	
  (Dr. Wolfgang Schramm)

  

 

 

	
  Berching, 8 December 2008

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Thomas Stüpfert

  	
   

  
	
  Schabmüller GmbH

  	
   

  
	
  (Thomas Stüpfert)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Gert
  Purkert

  	
   

  
	
  AURELIUS Industriekapital GmbH

  	
   

  
	
  (Gert Purkert)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Gert
  Purkert

  	
   

  
	
  AURELIUS AG

  	
   

  
	
  (Gert Purkert)

  	
   

  

 

13

 

	
  Appendix
  1 — Production Equipment and Inventories for SD Electric Motors

  
	
   

  
	
  Appendix
  1 a)— Production Equipment

  

 

	
  Objekt-Nr

  	
   

  	
  Beschreibung

  	
   

  	
  Preis

  
	
  1000061/1

  	
   

  	
  Presse opsamling ankerkerner ombygges til ACrotor

  	
   

  	
  129.555,95 DKK

  
	
  1000503/0

  	
   

  	
  Vikleskabelon fra Seipp Handelsgesellschaft

  	
   

  	
  9.293,66 DKK

  
	
  1000505/0

  	
   

  	
  Multi lift kran

  	
   

  	
  32.139,50 DKK

  
	
  1000506/0

  	
   

  	
  Presse for montering af rotor i lejeskjold

  	
   

  	
  27.395,84 DKK

  
	
  1000507/0

  	
   

  	
  Styring af automatisering af AC-pressen p grundpl.

  	
   

  	
  57.519,06 DKK

  
	
  1000514/0

  	
   

  	
  Labels printer til testbænk AC-linie

  	
   

  	
  8.668,29 DKK

  
	
  1000515/0

  	
   

  	
  Løftesats til linie kørsel 760

  	
   

  	
  12.265,49 DKK

  
	
  1000527/0

  	
   

  	
  AC-Vikleudstyr (FLYER?)

  	
   

  	
  3.601.030,16 DKK

  
	
  1000530/0

  	
   

  	
  Bandagermaskine til AC linie

  	
   

  	
  132.222,31 DKK

  
	
  1000531/0

  	
   

  	
  Svejsemaskine til svejsning af kabelsko AC linie

  	
   

  	
  137.271,50 DKK

  
	
  1000531/1

  	
   

  	
  Aendring af svejsemaskine

  	
   

  	
  43.225,73 DKK

  
	
  1000532/0

  	
   

  	
  Statortester for AC-Motors TSA106-200

  	
   

  	
  171.826,95 DKK

  
	
  1000533/0

  	
   

  	
  Motortester for AC-Motors TSA106-200

  	
   

  	
  286.542,92 DKK

  
	
  1000533/2

  	
   

  	
  Opspændingsfikstur for AC Motortester

  	
   

  	
  57.750,00 DKK

  
	
  1000534/0

  	
   

  	
  Epuipment
  to press the stator coil heads AC106-150

  	
   

  	
  198.844,18 DKK

  
	
  1000534/1

  	
   

  	
  Værktøj 106-150 Risomat slutpresse

  	
   

  	
  61.209,51 DKK

  
	
  1000535/0

  	
   

  	
  Ovn til opvarmning rør til AC-statorer

  	
   

  	
  189.344,81 DKK

  
	
  1000540/0

  	
   

  	
  AC Montage kpl.presse

  	
   

  	
  86.299,29 DKK

  
	
  1000540/1

  	
   

  	
  Ekstra cylinderblok til AC montere kpl.presse

  	
   

  	
  9.187,50 DKK

  
	
  1005401/0

  	
   

  	
  3 AC slutmontagepladser cpl.

  	
   

  	
  7.313,54 DKK

  
	
  1005403/0

  	
   

  	
  Hydraulisk løftebord til presse på mont.kpl.arb.pl

  	
   

  	
  12.224,06 DKK

  
	
  1005664/0

  	
   

  	
  Montagefiksturer til mont.kpl.presse AC

  	
   

  	
  9.687,50 DKK

  
	
  1005723/0

  	
   

  	
  Løftesøjle 3.kobleplads statorlinie AC

  	
   

  	
  11.871,00 DKK

  
	
  1005877/0

  	
   

  	
  Løftesøjle formontageplads AC

  	
   

  	
  12.213,78 DKK

  
	
  1005878/0

  	
   

  	
  Manipulator til forbedredelsesplads

  	
   

  	
  32.629,77 DKK

  
	
  1005883/0

  	
   

  	
  Gennemløbsreoler AC Montage

  	
   

  	
  89.958,34 DKK

  
	
  1006101/0

  	
   

  	
  Dornpresse til ikrymp. stator i krans TSA120-80 ZF

  	
   

  	
  12.240,32 DKK

  
	
  1006160/0

  	
   

  	
  Beskyttelsesafskærmning for AC-Statortester

  	
   

  	
  38.822,18 DKK

  
	
  1006161/0

  	
   

  	
  CNC drejebænk til afdrejning af statorer

  	
   

  	
  836.949,00 DKK

  
	
  1006162/0

  	
   

  	
  CNC Drejebænk til afdrejning af rotorer HTC200

  	
   

  	
  547.256,79 DKK

  
	
  1006184/0

  	
   

  	
  Rotor opretningspresse fra Dunkes

  	
   

  	
  181.531,64 DKK

  
	
  1006247/0

  	
   

  	
  Ergonimisk arbejdsplads for-&optionsmontage

  	
   

  	
  20.369,28 DKK

  
	
  1006624/0

  	
   

  	
  1 saet pressevaerktoejer TSA150-150 11015126 Nissa

  	
   

  	
  11.328,14 DKK

  
	
  1006873/0

  	
   

  	
  Renovation of tools AC1

  	
   

  	
  42.130,56 DKK

  
	
  1006375/0

  	
   

  	
  DC Power Supply SAEL

  	
   

  	
  0,00 DKK

  
	
  1006376/0

  	
   

  	
  Zyklengesteuerte Präzisionsdrehmaschine

  	
   

  	
  0,00 DKK

  
	
  1006377/0

  	
   

  	
  Kraftmessende Auswuchtmaschine H 20 BF

  	
   

  	
  0,00 DKK

  
	
  1006378/0

  	
   

  	
  Horizontalpresse in Säulenausführung

  	
   

  	
  0,00 DKK

  
	
  1006379/0

  	
   

  	
  Nutisolierautomat

  	
   

  	
  0,00 DKK

  
	
  1006380/0

  	
   

  	
  Werkzeug f. Bgr.170+240+Statoraufnahmen

  	
   

  	
  20.401,04 DKK

  
	
  1006381/0

  	
   

  	
  DEMAG (Zasche) Handhabungsanlage

  	
   

  	
  13.861,96 DKK

  
	
  1006382/0

  	
   

  	
  Bandagiermaschine f. AC

  	
   

  	
  0,00 DKK

  
	
  1006383/0

  	
   

  	
  Aufnahmering f.Stator 170 f.Bandagiermaschine

  	
   

  	
  3.433,91 DKK

  
	
  1006384/0

  	
   

  	
  Spulen- und Einziehautomat EA34D

  	
   

  	
  0,00 DKK

  
	
  1006385/0

  	
   

  	
  Werkzeug Bgr. 270 f. SpulenEinziehautomat EA34D

  	
   

  	
  32.105,08 DKK

  
	
  1006386/0

  	
   

  	
  Werkzeug Bgr. 170+240 f.Spuleneinziehautomat EA34D

  	
   

  	
  109.863,46 DKK

  

 

14

 

	
  1006387/0

  	
   

  	
  Teilautomatisierung Spulen-u.Einziehautomat EA34D

  	
   

  	
  34.877,45 DKK

  
	
  1006388/0

  	
   

  	
  Wickelmaschine WU 04S_008

  	
   

  	
  0,00 DKK

  
	
  1006389/0

  	
   

  	
  Werkzeug Bgr. 270 f. Wickelmaschine WU 04S_008

  	
   

  	
  4.155,34 DKK

  
	
  1006390/0

  	
   

  	
  Werkzeug Bgr. 170+240 f.Wickelmaschine WU 04S_008

  	
   

  	
  11.834,57 DKK

  
	
  1006391/0

  	
   

  	
  Formeinrichung Typ FHK 4212

  	
   

  	
  0,00 DKK

  
	
  1006392/0

  	
   

  	
  Werkzeug Bgr. 270 f.Formeinrichung Typ FHK 4212

  	
   

  	
  10.520,12 DKK

  
	
  1006400/0

  	
   

  	
  Werkzeug Bgr.170+240 f. Formeinrichung Typ FHK 421

  	
   

  	
  18.712,86 DKK

  
	
  1006401/0

  	
   

  	
  Zwischenformstation

  	
   

  	
  0,00 DKK

  
	
  1006402/0

  	
   

  	
  Werkzeug Bgr.270 f.Zwischenformstation

  	
   

  	
  5.815,75 DKK

  
	
  1006403/0

  	
   

  	
  Endformer mit Werkzeug 135,200,270,300

  	
   

  	
  74.723,43 DKK

  
	
  1006404/0

  	
   

  	
  Werkzeug Bgr.170+240 f.Endformer

  	
   

  	
  25.769,29 DKK

  
	
  1006405/0

  	
   

  	
  Widerstandsschweissgerät m. Kraftmessdose LC-200

  	
   

  	
  85.681,62 DKK

  
	
  1006406/0

  	
   

  	
  Trockenofen

  	
   

  	
  19.260,26 DKK

  
	
  1006407/0

  	
   

  	
  Rollbahnen AC-Techn.zwisch.Stator Einz.-Schalten

  	
   

  	
  4.121,79 DKK

  
	
  1006408/0

  	
   

  	
  Spritzeinrichung Heis-Spritz-Anlage(2003-018)

  	
   

  	
  34.858,52 DKK

  
	
  1006409/0

  	
   

  	
  Vollautomatisierung d. Statorspritzeinrichtung

  	
   

  	
  46.116,88 DKK

  
	
  1006410/0

  	
   

  	
  Arbeitstisch incl.Dreh-u.Schwenkvorr.(2003-002)

  	
   

  	
  37.003,64 DKK

  
	
  1006411/0

  	
   

  	
  Arbeitstisch incl.Dreh-u Schwenkvorr.(2003-002

  	
   

  	
  37.003,64 DKK

  
	
  1006412/0

  	
   

  	
  Hebehühne+Schwenkvorr.(ehem.Arbeitstisch

  	
   

  	
  37.003,64 DKK

  
	
  1006413/0

  	
   

  	
  CNC Drehmaschine Contur TSL500 f.AC-Rotorfertigung

  	
   

  	
  233.614,47 DKK

  
	
  1006414/0

  	
   

  	
  Automatisches Statorprüfsystem 2002-047

  	
   

  	
  82.289,85 DKK

  
	
  1006415/0

  	
   

  	
  AC-Serienprüfstand MTC3

  	
   

  	
  212.480,15 DKK

  
	
  1006416/0

  	
   

  	
  Rollbahnen f. AC-Statorfertigung und Montage

  	
   

  	
  13.436,46 DKK

  
	
  1006417/0

  	
   

  	
  Rollbahnen Stator schalten AC-Tecknik

  	
   

  	
  8.368,48 DKK

  
	
  1006418/0

  	
   

  	
  Spulenwickelmaschine WU04S-008

  	
   

  	
  229.335,48 DKK

  
	
  1006419/0

  	
   

  	
  Wickelschablone Bgr.240 f. Spulenwickelmaschine

  	
   

  	
  21.440,05 DKK

  
	
  1006420/0

  	
   

  	
  Wickelschablone Bgr.270 f. Spulenwickelmaschine

  	
   

  	
  22.461,01 DKK

  
	
  1006421/0

  	
   

  	
  Wickelschablone Bgr.300 f. Spulenwickelmaschine

  	
   

  	
  22.971,45 DKK

  
	
  1006422/0

  	
   

  	
  Farbspritzstand Walther Typ 710

  	
   

  	
  8.448,98 DKK

  
	
  1006423/0

  	
   

  	
  Hydr.Montagepresse horizontal 20kN/40kN Presskraft

  	
   

  	
  91.630,84 DKK

  
	
  1006424/0

  	
   

  	
  Hydr.Montagepresse horizontal 20kN/40kN Presskraft

  	
   

  	
  19.578,90 DKK

  
	
  1006425/0

  	
   

  	
  Hydr.Montagepresse horizontal 10kN Presskraft

  	
   

  	
  60.975,81 DKK

  
	
  1006426/0

  	
   

  	
  Rollbahn m. Kugeltischen

  	
   

  	
  24.098,33 DKK

  
	
  1006427/0

  	
   

  	
  Rollbänder (Statorfertigung)

  	
   

  	
  50.695,92 DKK

  
	
  1006428/0

  	
   

  	
  Autom.Kippvorrichtung f. Statore (horiz-vertikal)

  	
   

  	
  55.952,67 DKK

  
	
  1006429/0

  	
   

  	
  Hubtisch zur Aufnahme v.Statoren z.Tränken

  	
   

  	
  14.226,11 DKK

  
	
  1006430/0

  	
   

  	
  Säulenschwenkkran Demag KBK

  	
   

  	
  9.959,22 DKK

  
	
  1006431/0

  	
   

  	
  Durchlaufimprägnieranlage JDeere f. AC-Generatoren

  	
   

  	
  838.014,65 DKK

  
	
  1006432/0

  	
   

  	
  Antriebe f. Rollbänder (Rückführung Montageträger)

  	
   

  	
  26.508,11 DKK

  
	
  1006434/0

  	
   

  	
  Spulenübertragungszangen 200 6 Stück = 1 einheit

  	
   

  	
  0,00 DKK

  
	
  1006435/0

  	
   

  	
  Spulenübertragungszange f.Bgr.300/2-Schichtwicklg.

  	
   

  	
  1.652,64 DKK

  
	
  1006436/0

  	
   

  	
  Einziehkopf Bgr.170

  	
   

  	
  22.491,50 DKK

  
	
  1006437/0

  	
   

  	
  Spreizdorn f. AC-TSA 300

  	
   

  	
  0,00 DKK

  
	
  1006438/0

  	
   

  	
  Spreizdorn f.AC-TSA 200 10066 V3825

  	
   

  	
  0,00 DKK

  
	
  1006439/0

  	
   

  	
  Spreizdorn f. AC-TSA 200 10066 V3825

  	
   

  	
  0,00 DKK

  
	
  1006440/0

  	
   

  	
  Spann-Spreizdorn f. AC300 (kurze Version)

  	
   

  	
  0,00 DKK

  
	
  1006441/0

  	
   

  	
  Handlingsvorr./Aufschiebehile AC-Statore

  	
   

  	
  0,00 DKK

  
	
  1006442/0

  	
   

  	
  Deckstreifenmagazin f. Bgr.300/2-Schicht-Wicklung

  	
   

  	
  3.065,83 DKK

  
	
  1006443/0

  	
   

  	
  Satz Wickelschablonen f.Bgr.300/2-Schicht-Wichlung

  	
   

  	
  0,00 DKK

  
	
  1006444/0

  	
   

  	
  Lammellendrückdorn f.Bgr.300/2-Schicht-Wicklung

  	
   

  	
  0,00 DKK

  
	
  1006445/0

  	
   

  	
  2 Spreizdornspannzangen f.AC-Statore Bgr.300

  	
   

  	
  13.030,69 DKK

  
	
  1006446/0

  	
   

  	
  Einfügevorr.f.Drehdorne beim AC-Statordrehen

  	
   

  	
  30.742,35 DKK

  

 

15

 

	
  1006447/0

  	
   

  	
  Wichelschablone f.Bgr.300-Zweischicht

  	
   

  	
  7.006,06 DKK

  
	
  1006448/0

  	
   

  	
  Isolierfolienständer f. Nutisolierautomat

  	
   

  	
  9.071,70 DKK

  
	
  1006449/0

  	
   

  	
  Lagerregal

  	
   

  	
  10.983,95 DKK

  
	
  1006633/0

  	
   

  	
  LIfting
  and turning equipment for the 270 and 300-

  	
   

  	
  32.484,37 DKK

  
	
  1006738/0

  	
   

  	
  Spare
  parts for the Rist on AC2

  	
   

  	
  60.042,85 DKK

  
	
  1006761/0

  	
   

  	
  Welding
  machine for AC2 variant

  	
   

  	
  186.617,11 DKK

  
	
  1006450/0

  	
   

  	
  Werkzeugkosten 50063390 Klemmbrett

  	
   

  	
  0,00 DKK

  
	
  1006451/0

  	
   

  	
  Werkzeugkosten f. Welle HF 5053755

  	
   

  	
  2.770,64 DKK

  
	
  1006452/0

  	
   

  	
  Werkzeugkosten f. Welle HF 50058208

  	
   

  	
  5.255,52 DKK

  
	
  1006653/0

  	
   

  	
  170 tool
  for the AC2 line

  	
   

  	
  138.109,94 DKK

  
	
  1006453/0

  	
   

  	
  Kokille für A-Lagerschild 50060163

  	
   

  	
  0,00 DKK

  
	
  1006454/0

  	
   

  	
  Kokille für B-Lagerschild 50060164

  	
   

  	
  0,00 DKK

  
	
  1006455/0

  	
   

  	
  Modell A-Lagerschild roh 50060484

  	
   

  	
  0,00 DKK

  
	
  1006456/0

  	
   

  	
  Modell
  Roh-A-Lagerschild 200 AS 50061870

  	
   

  	
  0,00 DKK

  
	
  1006457/0

  	
   

  	
  Modell Roh-B-Lagerschild 170 50060927

  	
   

  	
  0,00 DKK

  
	
  1006458/0

  	
   

  	
  Modell f. Zwischenring roh 50058787

  	
   

  	
  0,00 DKK

  
	
  1006459/0

  	
   

  	
  Modell Lagerschild 50058718 3tlg

  	
   

  	
  0,00 DKK

  
	
  1006460/0

  	
   

  	
  Modell Roh-A-Lagerschild 170 50062263

  	
   

  	
  0,00 DKK

  
	
  1006461/0

  	
   

  	
  Modell B-Lagerschild DA12-200-50057238

  	
   

  	
  0,00 DKK

  
	
  1006462/0

  	
   

  	
  Modell B-Lagerschild 170 Pumpenmotor 50061874

  	
   

  	
  0,00 DKK

  
	
  1006463/0

  	
   

  	
  Modell zu A-Lagerschild 50062627

  	
   

  	
  0,00 DKK

  
	
  1006464/0

  	
   

  	
  Modellkosten B-Lagerschild 50060798

  	
   

  	
  0,00 DKK

  
	
  1006465/0

  	
   

  	
  Modellkosten Roh-A-Lagerschild 50063344

  	
   

  	
  0,00 DKK

  
	
  1006466/0

  	
   

  	
  Modell A-Lagerschild 50063716

  	
   

  	
  0,00 DKK

  
	
  1006467/0

  	
   

  	
  Modell B-Lagerschild 50063459

  	
   

  	
  0,00 DKK

  
	
  1006468/0

  	
   

  	
  Modell A-Lagerschild 50062996

  	
   

  	
  0,00 DKK

  
	
  1006469/0

  	
   

  	
  Modellkosten Lagerschild 50061870

  	
   

  	
  0,00 DKK

  
	
  1006470/0

  	
   

  	
  Kokille für B-Lagerschild 170 AS 50060026

  	
   

  	
  0,00 DKK

  
	
  1006471/0

  	
   

  	
  Kikille für B-Lagerschild 200 AS 50059955

  	
   

  	
  0,00 DKK

  
	
  1006472/0

  	
   

  	
  Kokille für A-Lagerschild 170 AC 50059954

  	
   

  	
  0,00 DKK

  
	
  1006473/0

  	
   

  	
  Modell Roh-A-Lagerschild 50063994

  	
   

  	
  0,00 DKK

  
	
  1006474/0

  	
   

  	
  Modell f.Roh-B-Lagerschild 200 50065499

  	
   

  	
  0,00 DKK

  
	
  1006475/0

  	
   

  	
  Modell f.A-Lagerschild roh 50065587

  	
   

  	
  0,00 DKK

  
	
  1006476/0

  	
   

  	
  Modellkosten f. B-Laerschild 50061135

  	
   

  	
  0,00 DKK

  
	
  1006477/0

  	
   

  	
  Modellkosten A-Lagerschild 5063994

  	
   

  	
  0,00 DKK

  
	
  1006478/0

  	
   

  	
  Modell f.B-Lagerschild roh 200 50065449

  	
   

  	
  0,00 DKK

  
	
  1006479/0

  	
   

  	
  Modell f. B-Lagerschild roh 170 50065425

  	
   

  	
  0,00 DKK

  
	
  1006480/0

  	
   

  	
  Modell A-Lagerring roh 200 50064054

  	
   

  	
  1.247,22 DKK

  
	
  1006481/0

  	
   

  	
  Modell A-Lagerschild roh 170-50063808

  	
   

  	
  1.593,66 DKK

  
	
  1006482/0

  	
   

  	
  Modell Roh-A-LS 240 50067337

  	
   

  	
  4.396,60 DKK

  
	
  1006483/0

  	
   

  	
  Modell Roh-A-LS 200 50067301

  	
   

  	
  4.536,01 DKK

  
	
  1006484/0

  	
   

  	
  Modell Roh-A-LS 170 50067324

  	
   

  	
  4.503,84 DKK

  
	
  1006485/0

  	
   

  	
  Modell Roh-A-LS 170 50067325

  	
   

  	
  3.860,44 DKK

  
	
  1006486/0

  	
   

  	
  Modell Roh-B-LS 240 50067298 D133

  	
   

  	
  5.839,45 DKK

  
	
  1006487/0

  	
   

  	
  Modell Roh-B-LS 200 50067296

  	
   

  	
  5.777,34 DKK

  
	
  1006488/0

  	
   

  	
  Modell Roh-B-LS 170 50067300

  	
   

  	
  4.224,30 DKK

  
	
  1006489/0

  	
   

  	
  Modell zu Roh-A-LS 170-50060484

  	
   

  	
  1.371,94 DKK

  
	
  1006490/0

  	
   

  	
  Modell Roh-B-LS 240 50064880

  	
   

  	
  5.715,22 DKK

  
	
  1006491/0

  	
   

  	
  Modell Roh-A-LS 240 50067477

  	
   

  	
  4.783,39 DKK

  
	
  1006492/0

  	
   

  	
  Modell Roh-A-LS 200 50067475

  	
   

  	
  3.860,44 DKK

  
	
  1006493/0

  	
   

  	
  Modell Roh A-LS 200 50067476

  	
   

  	
  3.851,57 DKK

  
	
  1006494/0

  	
   

  	
  Modellkosten f. B-Lagerschild 50067556

  	
   

  	
  4.037,93 DKK

  
	
  1006495/0

  	
   

  	
  Modellkosten zu Roh-A-LS 170

  	
   

  	
  6.851,86 DKK

  

 

16

 

	
  1006496/0

  	
   

  	
  Modellkosten Roh-A-LS 50067927

  	
   

  	
  7.600,24 DKK

  
	
  1006497/0

  	
   

  	
  Modellkosten Roh-B-LS 50067920

  	
   

  	
  7.187,95 DKK

  
	
  1006515/0

  	
   

  	
  Holzmodell für Lagerschild 50036462

  	
   

  	
  0,00 DKK

  
	
  1006516/0

  	
   

  	
  Modell für A-Lagerschild 50048657

  	
   

  	
  0,00 DKK

  
	
  1006517/0

  	
   

  	
  Modell A-Lagerschild roh 50051916

  	
   

  	
  0,00 DKK

  
	
  1006519/0

  	
   

  	
  Uriolmodell A-Lagerschild 50053637

  	
   

  	
  0,00 DKK

  
	
  1006520/0

  	
   

  	
  Modell A-Lagerring 50054417

  	
   

  	
  0,00 DKK

  
	
  1006521/0

  	
   

  	
  Modell Lagerschild 50055214

  	
   

  	
  0,00 DKK

  
	
  1006522/0

  	
   

  	
  Modell f. A-Lagerschild KA11-200-50048098

  	
   

  	
  0,00 DKK

  
	
  1006523/0

  	
   

  	
  Modell f.A-Lagerschild KA11-200-50053274

  	
   

  	
  0,00 DKK

  
	
  1006524/0

  	
   

  	
  Modell f.A-Lagerschild KA11-200-50051916

  	
   

  	
  0,00 DKK

  
	
  1006525/0

  	
   

  	
  Modell f. A-Lagerschild roh 50058578

  	
   

  	
  0,00 DKK

  
	
  1006526/0

  	
   

  	
  Modell f. B-Lagerschild KA12-200-50058584

  	
   

  	
  0,00 DKK

  
	
  1006527/0

  	
   

  	
  Modell f. B-Lagerschild KA12-170-50058875

  	
   

  	
  0,00 DKK

  
	
  1006528/0

  	
   

  	
  Modellkosten B-Lagerschild 50052477

  	
   

  	
  0,00 DKK

  
	
  1006529/0

  	
   

  	
  Modellkosten Roh-B-Lagerschild - 50058875

  	
   

  	
  0,00 DKK

  
	
  1006530/0

  	
   

  	
  Modell f. Roh-B-Lagerschild 50058584

  	
   

  	
  0,00 DKK

  
	
  1006531/0

  	
   

  	
  Modell-Kosten Roh-B-Lagerschild 50052477

  	
   

  	
  0,00 DKK

  
	
  1006532/0

  	
   

  	
  Modell B-Lagerschild KA12-240-50060358

  	
   

  	
  0,00 DKK

  
	
   

  	
   

  	
  Summe DKK

  	
   

  	
  10.436.294,29 DKK

  
	
   

  	
   

  	
  Summe EURO

  	
   

  	
  1.401.162,72 €

  

 

17

 

	
  Appendix
  1 b) — Inventories for SD Electric Motors

  

 

Von: Thomas Grahl [tgrahl@sauer-danfoss.com]

Gesendet: Donnerstag, 6. Dezember
2008 11:22

An: Stuepfert, Thomas

Betreff: Anlage 1b)

 

Anlagen: Anlage 1b.XLS

 

Hallo Herr Stüpfert,

 

anliegend finden Sie die Datei mit den Lagerwerten als Anlage 1 b) der
Vereinbarung. Diese Anlage wird als elektronische Kopie dem Vertrag beigefügt.

 

Die Anlage beschreibt in der Summe folgende Beträge (hier zur besseren
Lesbarkeit dargestellt):

 

Total
Lager per 30.11.2008

 

	
  Halbfertige Materialien per 30.11.2008

  	
   

  	
  13.016.568,88 DKK

  
	
  Roh Materialien per 30.11.2008

  	
   

  	
  30.581.099,69 DKK

  
	
  Total Bruttobuchwert in DKK

  	
   

  	
  43.597.668,57 DKK

  
	
  Total Bruttobuchwert in EURO

  	
   

  	
  5.853.363,86 €

  

 

	
  Kaufpreis Lagerbestände

  	
   

  	
  5.150.960,20 €

  

 

Viele Grüße

 

Thomas Grahl

 

18

 

Appendix 2
— SD Electric Motors

 

	
  Lfd

  Nr

  	
   

  	
  Modellnummer

  	
   

  	
  Typenbezeichnung

  
	
  1

  	
   

  	
  50059972

  	
   

  	
  MOTOR TSA200-160-37

  
	
  2

  	
   

  	
  11041049

  	
   

  	
  MOTOR CPL TSA150-120-005 RAYMOND

  
	
  3

  	
   

  	
  11015371

  	
   

  	
  MOTOR TSA170-200-073 DRIVE

  
	
  4

  	
   

  	
  11019344

  	
   

  	
  MOTOR CPL TSA170-180-071 PUMP

  
	
  5

  	
   

  	
  50060042

  	
   

  	
  MOTOR TSA170-240-17

  
	
  6

  	
   

  	
  11015373

  	
   

  	
  MOTOR TSA170-140-072 PUMP

  
	
  7

  	
   

  	
  50061887

  	
   

  	
  MOTOR CPL TSA270-210-007

  
	
  8

  	
   

  	
  50064140

  	
   

  	
  MOTOR TSA170-140-42

  
	
  9

  	
   

  	
  50061114

  	
   

  	
  MOTOR TSA170-180-23 PUMP

  
	
  10

  	
   

  	
  11027609

  	
   

  	
  MOTOR CPL TSA240-120-100

  
	
  11

  	
   

  	
  50060794

  	
   

  	
  MOTOR TSA200-180-45

  
	
  12

  	
   

  	
  50063747

  	
   

  	
  PUMP-UNIT TSA170-210-20.19

  
	
  13

  	
   

  	
  50063778

  	
   

  	
  MOTOR-UNIT TSA170-210-40

  
	
  14

  	
   

  	
  50059126

  	
   

  	
  PUMPMOTOR TSA200C-21

  
	
  15

  	
   

  	
  50059127

  	
   

  	
  MOTOR TSA200AB-20

  
	
  16

  	
   

  	
  11024196

  	
   

  	
  MOTOR TSA120-80-008 DRIVE

  
	
  17

  	
   

  	
  50067536

  	
   

  	
  MOTOR PUMP TSA170-180-24

  
	
  18

  	
   

  	
  11041970

  	
   

  	
  MOTOR CPL
  TSA170-240-101 PUMP 80V st

  
	
  19

  	
   

  	
  50061957

  	
   

  	
  MOTOR CPL TSA200-230-060

  
	
  20

  	
   

  	
  50062955

  	
   

  	
  MOTOR TSA170-140-036

  
	
  21

  	
   

  	
  11023894

  	
   

  	
  MOTOR CPL TSA170-210-031-PUMP

  
	
  22

  	
   

  	
  50060170

  	
   

  	
  MOTOR TSA106-65-002

  
	
  23

  	
   

  	
  50058627

  	
   

  	
  MOTOR TSA200-100-026

  
	
  24

  	
   

  	
  50059505

  	
   

  	
  MOTOR TSA200-230-24 PUMP

  
	
  25

  	
   

  	
  2542197

  	
   

  	
  MOTOR TSA150-120-014 TRACTION

  
	
  26

  	
   

  	
  50068146

  	
   

  	
  MOTOR CPL TSA200-100-63-UL

  
	
  27

  	
   

  	
  11018196

  	
   

  	
  MOTOR CPL TSA170-240-104 PUMPMOTOR

  
	
  28

  	
   

  	
  11014183

  	
   

  	
  MOTOR TSA200-230-47_1 HHI

  
	
  29

  	
   

  	
  11022969

  	
   

  	
  MOTOR TSA200-180-100 Traction

  
	
  30

  	
   

  	
  50057285

  	
   

  	
  MOTOR TSA200-160-031

  
	
  31

  	
   

  	
  11015374

  	
   

  	
  MOTOR TSA170-200-106 PUMP

  
	
  32

  	
   

  	
  11015126

  	
   

  	
  MOTOR TSA150-150-032 TRACTION

  
	
  33

  	
   

  	
  50061407

  	
   

  	
  MOTOR CPL TSA170-210-9 PUMP

  
	
  34

  	
   

  	
  11027672

  	
   

  	
  MOTOR CPL TSA300-270-003 TRACTION

  
	
  35

  	
   

  	
  11033920

  	
   

  	
  MOTOR CPL TSA170-210-009 PUMP

  
	
  36

  	
   

  	
  50066945

  	
   

  	
  MOTOR CPL TSA240-120-23

  
	
  37

  	
   

  	
  50061234

  	
   

  	
  MOTOR TSA200-180-42

  
	
  38

  	
   

  	
  11015429

  	
   

  	
  MOTOR CPL TSA170-140-34 W.BRAKE

  
	
  39

  	
   

  	
  11032202

  	
   

  	
  *MOTOR CPL TSA240-240-103 TRACTION

  
	
  40

  	
   

  	
  11023203

  	
   

  	
  MOTOR CPL TSA200-100-063-TRACTION

  
	
  41

  	
   

  	
  11036509

  	
   

  	
  MOTOR CPL TSA200-100-063-TRACTION

  
	
  42

  	
   

  	
  11048572

  	
   

  	
  *MOTOR CPL TSA200-160-104 W.BRAKE

  
	
  43

  	
   

  	
  11024884

  	
   

  	
  MOTOR CPL TSA170-240-102 PUMP

  
	
  44

  	
   

  	
  11029285

  	
   

  	
  MOTOR CPL TSA240-140-102-TRACTION

  
	
  45

  	
   

  	
  2542196

  	
   

  	
  MOTOR TSA150-120-014 TRACTION

  
	
  46

  	
   

  	
  50061258

  	
   

  	
  MOTOR TSA200-230-43

  
	
  47

  	
   

  	
  50061182

  	
   

  	
  MOTOR CPL TSA170-180-24

  
	
  48

  	
   

  	
  50065596

  	
   

  	
  MOTOR TSA170-180-45-UL PUMP

  

 

19

 

	
  49

  	
   

  	
  50063235

  	
   

  	
  Motor TSA170-210-38

  
	
  50

  	
   

  	
  11023960

  	
   

  	
  MOTOR TSA170-210-028 PUMP

  
	
  51

  	
   

  	
  2542282

  	
   

  	
  MOTOR TSA106-65 ROCLA MULTIWAY

  
	
  52

  	
   

  	
  50058652

  	
   

  	
  MOTOR KPL TSA200-230-040

  
	
  53

  	
   

  	
  11048772

  	
   

  	
  MOTOR CPL TSA170-210-115 PUMPMOTOR

  
	
  54

  	
   

  	
  11020816

  	
   

  	
  MOTOR CPL TSA200-230-060

  
	
  55

  	
   

  	
  50058739

  	
   

  	
  MOTOR CPL TSA200-230-35

  
	
  56

  	
   

  	
  11005464

  	
   

  	
  MOTOR TSA150-120-104 TRACTION ROCLABEAN

  
	
  57

  	
   

  	
  50062627

  	
   

  	
  Motor TSA170-210-31 PUMP

  
	
  58

  	
   

  	
  50065564

  	
   

  	
  MOTOR CPL TSA200-160-31

  
	
  59

  	
   

  	
  50067055

  	
   

  	
  MOTOR CPL TSA200-230-034 PUMP

  
	
  60

  	
   

  	
  50063076

  	
   

  	
  STEERING UNIT TSA106-65-19.51

  
	
  61

  	
   

  	
  50066174

  	
   

  	
  STEERING UNIT TSA106-65-19.51

  
	
  62

  	
   

  	
  50066314

  	
   

  	
  MOTOR CPL TSA200-100-26-UL GP21

  
	
  63

  	
   

  	
  50063869

  	
   

  	
  MOTOR CPL TSA170-210-009

  
	
  64

  	
   

  	
  11011791

  	
   

  	
  MOTOR TSA150-150-100 DRIVE

  
	
  65

  	
   

  	
  50061395

  	
   

  	
  PUMPMOTOR TSA200-180-044-UL

  
	
  66

  	
   

  	
  50063916

  	
   

  	
  MOTOR CPL TSA200-100-26

  
	
  67

  	
   

  	
  50068334

  	
   

  	
  MOTOR CPL TSA240-200-026

  
	
  68

  	
   

  	
  50058754

  	
   

  	
  MOTOR CPL TSA200-230-034

  
	
  69

  	
   

  	
  50062086

  	
   

  	
  MOTOR CPL TSA200-160-049

  
	
  70

  	
   

  	
  11024335

  	
   

  	
  MOTOR TSA170-210-009 (9T spline)

  
	
  71

  	
   

  	
  11029258

  	
   

  	
  MOTOR CPL TSA240-120-23

  
	
  72

  	
   

  	
  50065974

  	
   

  	
  MOTOR CPL TSA200-100-26

  
	
  73

  	
   

  	
  50068246

  	
   

  	
  MOTOR CPL TSA270-210-010

  
	
  74

  	
   

  	
  2542433

  	
   

  	
  MOTOR TSA150-150-009 DRIVEMOTOR ROCLA

  
	
  75

  	
   

  	
  50064139

  	
   

  	
  MOTOR TSA200-180-45

  
	
  76

  	
   

  	
  50058684

  	
   

  	
  MOTOR CPL TSA200-230-039

  
	
  77

  	
   

  	
  2542047

  	
   

  	
  MOTOR TSA150-150 PUMPMOTOR

  
	
  78

  	
   

  	
  50060158

  	
   

  	
  MOTOR TSA106-65-003

  
	
  79

  	
   

  	
  2542305

  	
   

  	
  MOTOR TSA106-90 SERVOUNIT ROCLA ORION

  
	
  80

  	
   

  	
  50067334

  	
   

  	
  MOTOR CPL
  TSA240-200-01 WITH PUMP

  
	
  81

  	
   

  	
  50067336

  	
   

  	
  PUMP-UNIT TSA200-230-21.19

  
	
  82

  	
   

  	
  11014847

  	
   

  	
  MOTOR TSA150-120-102 DRIVEMOTOR MARIOTT

  
	
  83

  	
   

  	
  11016413

  	
   

  	
  MOTOR TSA200-230-24 pump HHI

  
	
  84

  	
   

  	
  50062444

  	
   

  	
  MOTOR TSA170-180-30

  
	
  85

  	
   

  	
  50059907

  	
   

  	
  MOTOR CPL TSA200B-15 PUMP

  
	
  86

  	
   

  	
  11016645

  	
   

  	
  MOTOR TSA170-140-065 PUMP 48V

  
	
  87

  	
   

  	
  50066985

  	
   

  	
  MOTOR TSA170-240-17 PUMPMOTOR

  
	
  88

  	
   

  	
  11042751

  	
   

  	
  MOTOR CPL TSA170-240-100 PUMP 80V enh

  
	
  89

  	
   

  	
  50066987

  	
   

  	
  MOTOR CPL TSA170-210-52

  
	
  90

  	
   

  	
  11011822

  	
   

  	
  MOTOR TSA150-180-035 DRIVEMOTOR 48V

  
	
  91

  	
   

  	
  50065874

  	
   

  	
  MOTOR TSA170-140-43-UL-EE

  
	
  92

  	
   

  	
  11041050

  	
   

  	
  MOTOR CPL
  TSA150-120-027 RAYMOND EE

  
	
  93

  	
   

  	
  11014849

  	
   

  	
  MOTOR TSA150-150-101 PUMPMOTOR MARIOTT

  
	
  94

  	
   

  	
  50067335

  	
   

  	
  PUMP-UNIT TSA170-180-13.11

  
	
  95

  	
   

  	
  11015428

  	
   

  	
  MOTOR CPL TSA170-140-58 W.BRAKE

  
	
  96

  	
   

  	
  50066986

  	
   

  	
  MOTOR CPL TSA170-140-54 PUMP

  
	
  97

  	
   

  	
  50066988

  	
   

  	
  MOTOR CPL TSA170-140-53

  
	
  98

  	
   

  	
  50062850

  	
   

  	
  MOTOR CPL TSA170-240-035 PUMP

  
	
  99

  	
   

  	
  50066495

  	
   

  	
  Motor cpl TSA200-180-70

  

 

20

 

	
  100

  	
   

  	
  50061518

  	
   

  	
  MOTOR TSA135-100-012

  
	
  101

  	
   

  	
  50066284

  	
   

  	
  MOTOR CPL TSA170-210-033 PUMPMOTOR

  
	
  102

  	
   

  	
  50063136

  	
   

  	
  MOTOR TSA170-140-37

  
	
  103

  	
   

  	
  11028229

  	
   

  	
  MOTOR CPL TSA240-240-101 TRACTION

  
	
  104

  	
   

  	
  11028265

  	
   

  	
  MOTOR CPL TSA200-230-102 PUMP

  
	
  105

  	
   

  	
  50060457

  	
   

  	
  MOTOR TSA170-210-40

  
	
  106

  	
   

  	
  11030200

  	
   

  	
  *Motor CPL TSA170-240-108 TRACTION

  
	
  107

  	
   

  	
  11039320

  	
   

  	
  MOTOR CPL TSA200-180-045 PUMP

  
	
  108

  	
   

  	
  11043664

  	
   

  	
  MOTOR CL TSA170-100-114

  
	
  109

  	
   

  	
  11034429

  	
   

  	
  MOTOR TSA170-210-009 PUMPMOTOR NISSAN

  
	
  110

  	
   

  	
  11034866

  	
   

  	
  MOTOR TSA200-100-026 DRIVEMOTOR

  
	
  111

  	
   

  	
  11030809

  	
   

  	
  *MOTOR CPL TSA200-160-104 W.BRAKE

  
	
  112

  	
   

  	
  11032636

  	
   

  	
  MOTOR CPL TSA170-210-009 PUMP

  
	
  113

  	
   

  	
  11033289

  	
   

  	
  MOTOR CPL TSA200-160-104

  
	
  114

  	
   

  	
  11033319

  	
   

  	
  *MOTOR CPL TSA200-100-063

  

 

21

 

	
  Appendix
  3 — Other Production Equipment (Option to Purchase)

  

 

	
  Objekt-Nr

  	
   

  	
  Beschreibung

  
	
  1000006/0

  	
   

  	
  Universalslibemaskine

  
	
  1000008/0

  	
   

  	
  Bore-/fræsemaskine

  
	
  1000009/0

  	
   

  	
  Bore-/fræsemaskine Chiron

  
	
  1000024/0

  	
   

  	
  Notfræser - Hurth

  
	
  1000042/0

  	
   

  	
  Afvejebænk H 20 BK

  
	
  1000049/0

  	
   

  	
  Drejebænk - Tosgalanta Suil

  
	
  1000089/0

  	
   

  	
  Ekspanderende dorn kpl. “klopfer”

  
	
  1000090/0

  	
   

  	
  Recesplaner for nødvendig fleksibilitet

  
	
  1000096/0

  	
   

  	
  Højtrykspumpe for køle-smøremiddel - Hülle-Hille

  
	
  1000136/0

  	
   

  	
  Fræsemaskine - Cincinnati

  
	
  1000142/0

  	
   

  	
  GF NDM 171/125 drejebænk

  
	
  1000153/0

  	
   

  	
  GF - endebearbejdning

  
	
  1000162/0

  	
   

  	
  Boremaskine -Donau

  
	
  1000164/0

  	
   

  	
  Koldsav - Kasto

  
	
  1000165/0

  	
   

  	
  Gevindskæremaskine

  
	
  1000174/0

  	
   

  	
  Boremaskine Herbert

  
	
  1000185/0

  	
   

  	
  GF NDM 173/125 drejebænk

  
	
  1000217/0

  	
   

  	
  Profilvalsemaskine UPWS

  
	
  1000314/0

  	
   

  	
  Båndsliber KEF

  
	
  1000400/0

  	
   

  	
  GF drejebænk NDM 16-5/800, se tillæg 1000401

  
	
  1000401/0

  	
   

  	
  GF drejebænk NDM 16-5/800 - tillæg til 1000400

  
	
  1000402/0

  	
   

  	
  GF drejebænk NDL 40/130, se tillæg 1000403

  
	
  1000403/0

  	
   

  	
  GF drejebænk NDL 40/130 - tillæg til 1000402

  
	
  1000405/0

  	
   

  	
  Inddampningsanlæg

  
	
  1000407/0

  	
   

  	
  Styring af drejebænk, tillæg til 1000185 / 1418645

  
	
  1000408/0

  	
   

  	
  Drejebænk, tillæg til 1000185 / 1418645

  
	
  1000421/0

  	
   

  	
  Kraftspændepatron RØHM, tillæg til 1000185/1418645

  
	
  1000430/0

  	
   

  	
  Expanderende dorne, tillæg til 1000185 / 1418645

  
	
  1000488/0

  	
   

  	
  Klopfer expanderende bøsning af TSA150 kranse

  
	
  1000500/0

  	
   

  	
  Röhm expanderendedorn afdrejn. recesser AC-motor

  
	
  1000501/0

  	
   

  	
  Röhm expanderendedorn afdrejn. recesser AC-motor

  
	
  1000510/0

  	
   

  	
  Slibemaskine STUDER S36 CNC

  
	
  1000510/2

  	
   

  	
  Aut. doors
  for grinding machine STUDER S36 CNC

  
	
  1000510/3

  	
   

  	
  Medløbende pinolsaet til STUDER S36 CNC

  
	
  1000511/0

  	
   

  	
  Klopfer expanderende bøsning til drejn. TSA kranse

  
	
  1000517/0

  	
   

  	
  LE Monforts DNC3 (Doppelspindler mit angetr. Wzg.)

  
	
  1000518/0

  	
   

  	
  LE Hüller Hille NBH 110

  
	
  1000522/0

  	
   

  	
  LE Traverskraner

  
	
  1000537/0

  	
   

  	
  SMW expandernede dorn TSA106

  
	
  1005665/0

  	
   

  	
  Hydraulisk presse f.mont.Aksler i stator AC

  
	
  1005718/0

  	
   

  	
  Index-maskine

  
	
  1005718/1

  	
   

  	
  Værktøj til Index-maskine

  
	
  1005881/0

  	
   

  	
  Kindsmüler presse Model: 2ZK3Eso

  
	
  1006179/0

  	
   

  	
  3D Målemaskine

  
	
  1006614/0

  	
   

  	
  Kindsmueller Pressing-machine (Kerpe)

  
	
  1006623/0

  	
   

  	
  Paintingequipment

  
	
  1006768/0

  	
   

  	
  Automatic
  doors on Studer grinding machine

  
	
  1006898/0

  	
   

  	
  Studer Grinding Center

  
	
  1006629/0

  	
   

  	
  Vaerktoejsreol Index arbejdsplads

  

 

22

 

	
  1005705/0

  	
   

  	
  Måleudstyr til måling af drejede emners indermål

  
	
  1000463/0

  	
   

  	
  NC-universal skab

  
	
  1000072/0

  	
   

  	
  BT stabler

  
	
  1000321/0

  	
   

  	
  El-stabler BT RSS 1350

  
	
  1000485/0

  	
   

  	
  Brugt udetruck Dantruck

  
	
  1005715/0

  	
   

  	
  Palleløfter Dantruck

  
	
  1005716/0

  	
   

  	
  Palleløfter Dantruck

  
	
  9001036/0

  	
   

  	
  Automatic
  open/close doors on 2 Studer Grinding Ma

  
	
  9001039/0

  	
   

  	
  Studer CNC Grinding Center

  
	
  9001067/0

  	
   

  	
  Medloebende pinolsaet (rundslibe) til Studer

  
	
  9001068/0

  	
   

  	
  Wireless
  measurement equipment and installation of

  
	
  9001236/0

  	
   

  	
  New morse
  taper kit for Studer 1

  
	
  1000536/0

  	
   

  	
  Fremstilling venbar testplan for motortest

  
	
  1006110/0

  	
   

  	
  Rist AC 170-200 (AUTOM: 170/200?)

  
	
  1006110/1

  	
   

  	
  Ekstra incerter til BG170

  
	
  1006110/2

  	
   

  	
  Ekstra incerter til BG200

  
	
  1006178/0

  	
   

  	
  Schenck automatisk afvejemaskine

  
	
  1006217/0

  	
   

  	
  Svejsemaskine statorer 170-200

  
	
  1006218/0

  	
   

  	
  Atlas Copco Power Focus 3000 elektronisk montage-

  
	
  1006340/0

  	
   

  	
  Maskine t/afklipning isolationsrør for AC-linien

  
	
  1006612/0

  	
   

  	
  Ombygning af kran ved testområde

  
	
  1006613/0

  	
   

  	
  Leje-i-presse for variant montage

  
	
  1006625/0

  	
   

  	
  Transportbaand til rotorcellen

  
	
  1006627/0

  	
   

  	
  Kranbane til loeft af kobbertromler

  
	
  1006628/0

  	
   

  	
  Doosan Statordrejebaenk incl. Heinbuch

  
	
  1006635/0

  	
   

  	
  Racks for AC1 supermarket

  
	
  1006636/0

  	
   

  	
  Endshield-mount workstation. Presse

  
	
  1006637/0

  	
   

  	
  Endshield-mount workstation. Arbejdsbord

  
	
  1006638/0

  	
   

  	
  Powered
  return shute at the motoring line. Soco Sy

  
	
  1006640/0

  	
   

  	
  Multiple
  storey conveyor lane supports

  
	
  1006641/0

  	
   

  	
  Workstations
  for AC1 mounting line

  
	
  1006652/0

  	
   

  	
  Air
  toolings for variant assembly line

  
	
  1006706/0

  	
   

  	
  Pallevogn til etablering af variantlinie

  
	
  1006707/0

  	
   

  	
  Pallevogn til etablering af variantlinie

  
	
  1006708/0

  	
   

  	
  Pallevogn til etablering af variantlinie

  
	
  1006709/0

  	
   

  	
  Pallevogn til etablering af variantlinie

  
	
  1006762/0

  	
   

  	
  Horizontal
  pallet for AC1 stator line (prototype)

  
	
  1006763/0

  	
   

  	
  5
  horizontal pallets for AC1 stator line

  
	
  1006767/0

  	
   

  	
  Extra
  stairs for winding operation on AC1

  
	
  1006833/0

  	
   

  	
  Bosch conveyor at Rist 2

  
	
  1006834/0

  	
   

  	
  Adjustable
  table for mounting bearing in endshild

  
	
  1006837/0

  	
   

  	
  Hydraulic
  test equipment (O-ring tester)

  
	
  1006838/0

  	
   

  	
  2 reversible
  jaws for holding the tooling

  
	
  1006868/0

  	
   

  	
  Stator line renewal

  
	
  1006869/0

  	
   

  	
  Equipment for the supermarket

  
	
  1000539/0

  	
   

  	
  Værktøj til AC montagepresse Wildcat

  
	
  1005399/0

  	
   

  	
  Luftnøgle
  Atlas Copco EP8PTX70HR-RE 55Nm

  
	
  1005699/0

  	
   

  	
  Atlas Copco EP6PTS 20 HR42 luftspænder m/momentsto

  
	
  1005700/0

  	
   

  	
  Atlas Copco EP6PTS 22 HR10 luftspænder m/momentsto

  
	
  1005701/0

  	
   

  	
  Elafklipper til udføringer v/viklemaskinen AClinie

  
	
  1005880/0

  	
   

  	
  Rist værktøj til slutforme AC-stator

  

 

23

 

	
  1005882/0

  	
   

  	
  Magnetisk løfteværktøj til manipulring af rotor og

  
	
  1005884/0

  	
   

  	
  Typeværktøj opsamlepresse & manipulator

  
	
  1006109/0

  	
   

  	
  1 sæt presseværktøj TSA200-180&230 mont.kompl.

  
	
  1006159/0

  	
   

  	
  Pesseværktøj til mont. komp. presse TSA200-180

  
	
  1006180/0

  	
   

  	
  Statorløfteværktøj til ristmaskine 170-200

  
	
  1006181/0

  	
   

  	
  Løfteværktøj til statordrejeænk incl. skinnesystem

  
	
  1006182/0

  	
   

  	
  Løfteværktøj til krympemantage incl. skinnesystem

  
	
  1006183/0

  	
   

  	
  Løfteværktøj til fotorcelle incl. skinnesystem

  
	
  1006185/0

  	
   

  	
  1 sæt preseværktøj mont.kpl.TSA200-160

  
	
  1006219/0

  	
   

  	
  Vikleværktøj TSA150 Rist

  
	
  1006271/0

  	
   

  	
  Statoløfteværktøj til bandageremaskine og

  
	
  9000012/0

  	
   

  	
  Röhm expanderende dorn afdrejning reesser AC

  
	
  9000581/0

  	
   

  	
  1 sæt presseværktøj t/ TSA 200-180 &
  200-230

  
	
  9000708/0

  	
   

  	
  One-Piece-flow
  impregnation and painting equipment

  
	
  9000733/0

  	
   

  	
  Reconstruction
  of test box AC1b

  
	
  9000793/0

  	
   

  	
  Motortester Test Rig

  
	
  9000795/0

  	
   

  	
  Optimering statorlinie (ODS) nye arbejdspladser

  
	
  9000799/0

  	
   

  	
  Modifikation af Rsit 1 til 170mm statorer kan

  
	
  9000863/0

  	
   

  	
  2 Atlet stå ind stablere, grundet omægning lager

  
	
  9000864/0

  	
   

  	
  Håndteringsvogne, støvdæksler, låg, ekstra kasser

  
	
  9000878/0

  	
   

  	
  2extra
  tooling for vinding oper. in order to impr.

  
	
  9000906/0

  	
   

  	
  Doosan Statordrejebaenk inc Heinbuch spaendesystem

  
	
  9000912/0

  	
   

  	
  Pallette til AC 1 for vandret handtering af stator

  
	
  9000926/0

  	
   

  	
  Expansion
  of Bosch- coveyor at Rist 2

  
	
  9000939/0

  	
   

  	
  6 stk. spaendedorne for afdrejnking af statore AC1

  
	
  9000968/0

  	
   

  	
  Extra
  stairs for vinding operation on AC1 line

  
	
  9000982/0

  	
   

  	
  Adjustable
  table for mounting bearing in endshield

  
	
  9000989/0

  	
   

  	
  Hydraulic test equipment

  
	
  9001003/0

  	
   

  	
  Horisontal
  pallets for AC1stator maufacturing line

  
	
  9001052/0

  	
   

  	
  Vertical
  hydraulic end forming machine

  
	
  9001053/0

  	
   

  	
  Vertical
  single end lacing machine

  
	
  9001086/0

  	
   

  	
  Crane
  fixture for rotating motors in the repair ar

  
	
  9001119/0

  	
   

  	
  Tube fusing wire termination machine for AC1

  
	
  9001120/0

  	
   

  	
  Expansion
  of coupling line on AC1B

  
	
  9001154/0

  	
   

  	
  Physical
  prolongation of the AC1 motor assembly li

  
	
  9001160/0

  	
   

  	
  AC1 Line
  Expansion - Phase 1 - Pehama offer T21407

  
	
  9001161/0

  	
   

  	
  AC1 Line
  Expansion - Phase 1 - Line control - Peha

  
	
  9001164/0

  	
   

  	
  AC1 Line
  Expansion - Integration of teststations o

  
	
  9001169/0

  	
   

  	
  Storage
  rack for inline picking and mounting AC1

  
	
  9001193/0

  	
   

  	
  Ergonomic
  lifting device for complete motors

  
	
  9001196/0

  	
   

  	
  Control
  for semi-automatic teststations on AC1b

  
	
  9001199/0

  	
   

  	
  Renovering af værktøj til opsamlepressen på AC1

  
	
  9001201/0

  	
   

  	
  Air
  tooling 1 - AC1 line expansion

  
	
  9001231/0

  	
   

  	
  Technical
  review and classification of tooling

  
	
  9001232/0

  	
   

  	
  Tooling
  for Ø 188 mm ext - AC1b

  
	
  9001233/0

  	
   

  	
  Tooling
  for Ø 250,8 mm ext - AC1b

  
	
  9001250/0

  	
   

  	
  Line
  Design AC1b - demand point

  
	
  9001254/0

  	
   

  	
  2 palleløftere med elektrisk løft til AC1b

  
	
  9001269/0

  	
   

  	
  Air tooling 2 - AC1b

  
	
  9001295/0

  	
   

  	
  Løfteaggregat til koblelinjen på AC1b

  
	
  1006337/0

  	
   

  	
  Kranbane t/ophæng dobbelttravers ACL

  
	
  1006338/0

  	
   

  	
  Kranbane m/tre traverser ophæng kædetaljer

  
	
  1006339/0

  	
   

  	
  Kranbane m/travers for ophæng kædetalje t/løft af

  

 

24

 

	
  1006353/0

  	
   

  	
  100 Trolleys til kobberruller v/AC viklecelle

  
	
  1006354/0

  	
   

  	
  Svingkran til løft af 300mm statorer i statorcelle

  
	
  1006373/0

  	
   

  	
  DEMAG Säulenschwenkkran m. Manulift

  
	
  1006374/0

  	
   

  	
  DEMAG Säulenschwenkkran Nachtr. AK Lasthebemagnet

  
	
  1006433/0

  	
   

  	
  Auswuchtmaschine Typ VM 3/2 kraftm.2-Ebenen-Vertik

  
	
  1006433/1

  	
   

  	
  Auswuchtmaschine Typ VM 3/2 kraftm.2-Ebenen-Vertik

  
	
  1006498/0

  	
   

  	
  Elektromotorenprüfstand + Nachtr. LAUSTER

  
	
  1006499/0

  	
   

  	
  Optimierung/Programmierung Prüfstand für AC

  
	
  1006500/0

  	
   

  	
  SAEL Spannungsversor. Gleichspannung

  
	
  1006501/0

  	
   

  	
  SAEL Nachträgliche AK

  
	
  1006503/0

  	
   

  	
  Batterie mit Zubehör

  
	
  1006504/0

  	
   

  	
  Frequenzumrichter 380-500 V Compact IP20

  
	
  1006505/0

  	
   

  	
  Prüfgerät Revcpm Svcd 31-460-1-230

  
	
  1006506/0

  	
   

  	
  Nachrüstung f. Mess-PC

  
	
  1006507/0

  	
   

  	
  Programmierung Prüfstand

  
	
  1006630/0

  	
   

  	
  Two hoists

  
	
  1006632/0

  	
   

  	
  Optimering af Ac2 linien - etablering af variantli

  
	
  1006723/0

  	
   

  	
  3 traverskraner i produktionen

  
	
  1006902/0

  	
   

  	
  Traverskran inkl 2 taljer

  
	
  1006904/0

  	
   

  	
  TL2000 lifting table

  
	
  1006905/0

  	
   

  	
  TL2000 lifting table

  
	
  1006906/0

  	
   

  	
  TL2000 lifting table

  
	
  1006661/0

  	
   

  	
  6 Translyft TEB 600 lifting tables

  
	
  1006764/0

  	
   

  	
  Kuglebord til statormontage

  
	
  1006296/0

  	
   

  	
  Luftnøgle EP12PTS150HR13-RE 95Nm

  
	
  1006297/0

  	
   

  	
  Luftnøgle EP8PTX70HR10-RE 55Nm

  
	
  1006710/0

  	
   

  	
  Gaffeler til vikle- og RIST maskine

  
	
  9000727/0

  	
   

  	
  Opgradering af incerterværktøj 200 til maskine fra

  
	
  9000728/0

  	
   

  	
  AC Linie 2 (Berching)

  
	
  9000844/0

  	
   

  	
  Svejsemaskine til AC2 variant

  
	
  9000917/0

  	
   

  	
  Spare
  parts for the Rist on AC2

  
	
  9000975/0

  	
   

  	
  Indkob og opsaettelse af 3 traverskraner i produkt

  
	
  9001033/0

  	
   

  	
  Fremstilling af kuglebord til statormontage efter

  
	
  9001056/0

  	
   

  	
  Traverskran inkl. 2 taljer

  
	
  9001097/0

  	
   

  	
  Jib crane
  for lifting pallets onto the AC 2 Line

  
	
  9001112/0

  	
   

  	
  3 TL2000 lifting tables

  
	
  9001288/0

  	
   

  	
  Torque
  wrench 45Nm for assemply

  
	
  9001296/0

  	
   

  	
  1 set of
  winding forms & 1 coil transfer tool

  
	
  9001137/0

  	
   

  	
  Tool for
  diecasting N-Endshield no. 11019064 for T

  
	
  9001138/0

  	
   

  	
  Tool for
  diecasting N-Endshield no. 11023014 for T

  
	
  9001139/0

  	
   

  	
  Tool for
  diecasting N-Endshield no. 11023051 for T

  
	
  9001165/0

  	
   

  	
  Tool for
  making Endshield no 11037429 at Innotek,

  
	
  9001166/0

  	
   

  	
  Tool for
  making Endshield no 11037632 at Innotek,

  
	
  9001167/0

  	
   

  	
  Tool for
  making Endshield no 11037756 at Innotek,

  
	
  9001168/0

  	
   

  	
  Tool for
  making Endshield no 11037846 at Innotek,

  
	
  9001244/0

  	
   

  	
  Tool #
  11041137 for prod of endshield 50061871

  
	
  9001245/0

  	
   

  	
  Tool #
  11040187 for prod of endshield 50058639

  
	
  9001246/0

  	
   

  	
  Tool for
  enshield cast tsa150 11045980

  
	
  9001301/0

  	
   

  	
  Mould
  injection tool to produce terminal board

  
	
  9001302/0

  	
   

  	
  Tool for
  production of endshield 50053276

  
	
  9001303/0

  	
   

  	
  Tool for
  production of endshield 50059144

  
	
  9001305/0

  	
   

  	
  Tool for
  production of endshield 50064108

  
	
  9001306/0

  	
   

  	
  Tool for endshields 50060024 & 50066954

  

 

25

 

	
  Appendix 4 — Timetable for the Assignment of Assets

  

 

Tentative Schedule:

 

·                  Signing Dec 8th
2008

·                  Communication to employees on Dec 9th

·                  Dec-Feb: Training of SM employees on ODS
equipment and motor types

·                  Beginning of 
January: Approval from Federal Cartel Office expected

·                  Immediate production start of identical motors
in SM production (especially Mitsubishi, Nacco, Clark).

·                  Until mid January: Preparation of the
infrastructue at SM for new equipment to come

·                  By mid January: Production of an adequate
buffer of ODS motors for flyer plant

·                  By mid-January: Creation of parts lists and
materials for ODS motors at BER plant in BER-SAP, communication with customers
and suppliers.

·                  Second half of January: Transfer of old BER
equipment.

·                  By mid-February: Creation of parts lists and
materials for ODS motors of flyer plant in BER-SAP, communication with
customers and suppliers.

·                  Second half of February: Transfer of flyer
plant.

·                  Completion of all transfer activities by the
end of March.

 

We are assuming that acceptance can be
completed by the beginning of April 2009.

 

The timetable will be corrected accordingly
to take into account any delay in the planned start of transfer activities (8 December 2008)
due to the process of obtaining the approval of the Federal Cartel Office.

 

26

 

Appendix 5
— Know-How

 

The basic understanding is that the purpose of the transfer of know-how
is to permit a smooth transfer of the customer relationship to SM as quickly as
possible, to ensure efficient production of the motors without defects and to
allow SM to make optimal use of the equipment acquired. As a result, the
following list contains the minimum know-how to be transferred. A need for
further information may arise during the operational transfer process.

 

Per motor and ongoing project:

·                  All
technical specifications

·                  All drawings in
English (if available, otherwise in Danish or German) — including assembly
drawings, cross-sectional drawings and detail drawings in the form of files
suitable for use in a CAD system

·                  Winding diagrams
in the form of files

·                  Data sheets in
the form of files

·                  Type plates in
the form of files

·                  All measurement
data on the motors (initial samples, preliminary series, etc.) from SD-internal
measurements and measurements of customers.

·                  Parts
documentation

·                  A sample of each
motor to remain with SM.

·                  Test
data on purchased parts

·                  Approval
reports

·                  Modification
history

·                  Parts list and other
relevant master data in the form of files (Excel) for processing in SAP

·                  Preliminary work
and information on all currently ongoing projects/offers in the area of
material handling

·                  Information on
defects: 8D reports, statistics, etc.

 

Per production unit/process:

·                  All production
documentation in English in the form of files that can be processed

·                  Documentation on
the equipment (descriptions, instructions, documentation of modifications,
etc.).

 

Per supplier of parts of motors included in SD motor package:

·                  Agreements with
suppliers (including prices and terms and conditions)

·                  Supplier
contact persons.

·                  Supplier
histories.

 

Per customer:

·                  Customer
contracts/agreements.

·                  Customer
contact histories

·                  Customer
contacts/point of contact

·                  Prices/conditions.

 

27

 

	
  Appendix
  6 — SD Delivery Contracts and Binding Offers

  

 

The list of types with current sales prices made available to us is to
be appended to the Agreement. The prices included in the documentation reflect
the current state of knowledge of SD, i.e., no price changes have been agreed
with the respective customers if not otherwise mentioned in the agreements.

 

Von: Thomas Grahl [tgrahl@sauer-danfoss.com]

Gesendet: Montag, 1. Dezember 2008
14:12

An: Stuepfert, Thomas

Betreff: Anlagen 2 und 6

 

Anlagen: Customers & Material# overview
28.09.08.xls

 

Hallo Herr Stüpfert,

 

anbei die EXCEL Liste mit den nunmehr an
einigen Stellen korrigierten Preisen.

 

Ich versuche einmal Ihnen die EXCEL Liste
separat zu schicken in der Hoffnung, daß Sie die Links zueinander bringen.
Lassen Sie mich bitte wissen, wenn das nicht funktioniert.

 

Viele Grüße

 

Thomas Grahl

 

(See attached file: Customers &
Material# overview 28.09.08.xls)

 

28

 

Appendix 7
— Sales Eligible for Commission

 

·                  Sales of
products/motor types in connection with a serial shipment, customer order or
binding offer for series production in existence prior to the transfer to SM.

·                  In the case of
motor types sold to customers by both SM and SD prior to execution of the
agreement, only new sales transferred to SM shall be eligible for payment of
commissions (50059972, 50060042).

 

29Exhibit
10.1(bg)

 

Sauer-Danfoss Inc.

Loan Agreement

(US $ 50,000,000.00)

 

Loan Agreement (the “Agreement”),
dated as of 9th December ,
2008, between Danfoss A/S, a Danish corporation (“Lender”) and Sauer-Danfoss
Inc., a Delaware corporation (“Borrower”).

 

Whereas, Borrower is an affiliate of Lender; and

 

Whereas, Borrower desires to borrow and Lender is
willing to lend US $ 50,000,000.00.

 

Therefore, it is agreed as follows:

 

1.            Loan. Upon and subject to the terms and conditions set forth in this
Agreement, Lender agrees to lend and Borrower agrees to borrow US $
50,000,000.00 as a bullet loan evidenced by the attached Promissory Note (the “Loan”).

 

2.            Interest Rate; Interest Calculation. (a) Except as provided in 2(b) below,
the interest rate is 4,02% per annum “Interest Rate” which is the aggregate of
Libor plus a margin of 1,70% p.a. plus swap cost if swapping from floating to
fixed rate. Interest shall be calculated on the actual number of days elapsed
on a 360 days year basis.

 

If on any date Libor does not reflect the Lender’s cost of funds, the
Lender shall notify the Borrower. Subsequent to such notice, the applicable
reference rate for any draw downs under this agreement shall then be based on
the greater of the Lender’s cost of funds and Libor..

 

(b)          From and after an event of default under this Agreement as described in
paragraph 5 below, the Borrower shall pay to the Lender interest on such amount
from the due date until payment is received by the Lender at a rate of 1% p.a.
above the Interest Rate.

 

(c)          In consideration of the Loan, on the initial funding date of the Loan
Borrower shall pay Lender a facility fee equal to 0.10% of the principal amount
of the Loan.

 

3.            Term; Payment Dates; Prepayments. (a) The principal together with all
unpaid accrued interest shall be repaid in full at the 9th December,
2011.

 

(b)          Interest on the outstanding principle amount of the Loan shall be
payable on the last day of each calendar quarter or if any such date is not a
business day, then the next succeeding business day (each an “Interest Payment
Date”).

 

(c)          The outstanding principal amount of the Loan may be prepaid in whole or
in part without premium or penalty on any Interest Payment Date; provided that
any partial prepayments of the principal amount shall be in minimum amounts of
US $ 5,000,000.00 and in integral multiples of US $ 1,000,000.00. Upon
termination of the Agreement as provided for in paragraph 5 below, the entire
principal amount of the Loan outstanding together with any accrued but

 

 

unpaid
interest shall be paid by Borrower to Lender. Any cost for the lender by
unwinding the funding shall be reimbursed by the borrower.

 

4.            Payment. Payments of interest and principal shall be
made by wire transfer on each Interest Payment Date and on the final maturity
date, such dates being banking days in New York and Copenhagen, to account of
Lender, Account no. / Iban no. DK7430004454008669 at Danske Bank, Copenhagen,
Denmark (swift: DABADKKK), or as otherwise designated by written notification
by Lender.

 

5.            Events
of Default; Termination. (a) Each
of the following shall be an event of default under this Agreement:

 

(i)           failure by Borrower to repay the entire principal amount, or such
lesser principal amount as Lender shall demand, within five (5) business
days of the date when such payment is due hereunder; or

 

(ii)          failure by Borrower to pay interest on the outstanding principle amount
of the Loan within five (5) business days of the date when such payment is
due hereunder; or

 

(ii)          failure by Borrower to perform any other material obligation of
Borrower to Lender hereunder; or

 

(iv)         Borrower shall execute an assignment for the benefits of its creditors
or resort to laws protecting insolvent companies.

 

(b)          In the event that Lender must employ attorneys or file suit to collect
hereunder, Borrower agrees to pay the reasonable attorney fees and all court
costs incurred by Lender.

 

6.            Assignment/Subrogation. Borrower shall not transfer or assign any
or all of its rights and obligations hereunder without the prior written
consent of Lender. Lender may, at any time, assign this Agreement and the
Promissory Note and its rights or obligations hereunder and thereunder in which
case the assignee shall be subrogated to the rights of Lender.

 

7.            Copies. This Agreement is made up in two (2) identical
copies of which one copy is for Lender and the other for Borrower.

 

8.            Notices. In the event that any written notice need
be given under this Agreement, it shall be given (a) by nationally
recognized over night carrier at the address of Borrower or Lender, as the case
may be, set forth below, or (b) by facsimile or e-mail as follows:

 

(i)                                        To Borrower:                         250 Parkway Drive, Suite 270

Lincolnshire, Illinois 60069 USA

Attention: Treasurer

facsimile -
+847-876-1799

e-mail - ccohrs@sauer-danfoss.com

 

 

(ii)                                    To Lender:                                     Danfoss A/S

Nordborgvej 81

DK-6430 Nordborg

Denmark

Attention: Ole Albertsen

E-mail: Albertsen@danfoss.com

 

9.           Authority. Each Party represents that (a) it has
the legal capacity, corporate or otherwise, to enter into this Agreement and/or
the Promissory Note, as the case may be and (b) the execution and delivery
of this Agreement and the Promissory Note are not in violation of (i) applicable
laws, (ii) its certificate of incorporation, by-laws or other such
documentation or (iii) any other agreement by which it or its property is
bound.

 

10.         Applicable
Law. This Agreement shall be
governed by the laws of Denmark.

 

Agreed upon as of the day first above
written.

 

	
  Danfoss
  A/S

  	
   

  	
  Sauer-Danfoss
  Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Felmming A. Jorgensen

  	
   

  	
  By:

  	
  /s/
  Karl Schmidt

  
	
  Name:

  	
   

  	
  Name:
  Karl Schmidt

  
	
  Title:

  	
  Group
  Treasurer

  	
   

  	
  Title

  	
  EVP
  & CFO

  
							

 

 

Promissory
Note

Sauer-Danfoss Inc.

 

[9th December 2008]

 

US $ 50,000,000.00

 

Sauer-Danfoss Inc. (“Borrower”),
for value received, hereby promises to pay to the order of Danfoss A/S (“Lender”)
in lawful money of the United States of America (in freely transferable U.S.
Dollars and in same day funds), in accordance with the method of payment
specified in that certain Loan Agreement dated as of 9th December 2008, between
Lender and Borrower (the “Agreement”), the principal sum of US $ 50,000,000.00,
which amount shall be payable at such times as provided for in the Agreement.

 

Borrower promises also to
pay interest on the unpaid principal amount hereof in like money and in like
manner at the rate or rates which shall be determined in accordance with the
provisions of the Agreement, interest to be payable at the times provided for
in the Agreement. This Note is the Promissory Note referred to in the Agreement
and is entitled to the benefits thereof and any security contemplated thereby.
This Note evidences a loan made by Lender, during such time as such loan is
being maintained. This Note is subject to repayment as specified in the
Agreement. In case Borrower defaults on the loan, the principal and accrued
interest on this Note may be declared to be due and payable in the manner and
with the effect provided in the Agreement. Lender may assign this Note in
accordance with the provisions of the Agreement.

 

Borrower hereby waives
presentment, demand, protest or notice of any kind in connection with this
Note.

 

This Note shall be governed
and construed and interpreted in accordance with the laws of Denmark.

 

Sauer-Danfoss Inc.

 

 

	
  By:

  	
  /s/
  Karl Schmidt

  	
   

  
	
  Name:

  	
  /s/
  Karl Schmidt

  	
   

  
	
  Title:

  	
  EVP & CFO

  	
   

  

 

 

CERTIFICATE OF SECRETARY

OF

SAUER-DANFOSS INC.

 

This Certificate is being
delivered pursuant to that certain Loan Agreement entered into as of 9 December 2008
(the “Agreement”) between Sauer-Danfoss Inc., a Delaware corporation (the “Corporation”),
as borrower, and Danfoss A/S, as lender.

 

The undersigned hereby certifies that:

 

1.             Attached
hereto as Exhibit A is a true and complete copy of a resolution duly
adopted by the Board of Directors of the Corporation and such resolution has
been entered in the minute book of the Corporation, has not been amended,
altered or repealed, and remains in full force and effect on the date hereof.

 

2.             Set
forth below is the name, title and signature of one or more officers of the
Corporation each of whom, acting independently, is authorized to execute the
Agreement and all other documents contemplated thereby, including any related
promissory note, and the certificates or instruments furnished pursuant
thereto.

 

	
  Karl
  J. Schmidt

  	
  Chief
  Financial Officer

  	
  /s/
  Karl J. Schmidt

  

 

IN WITNESS WHEREOF, I have hereunto set my hand this
10 day of December 2008.

 

	
   

  	
  SAUER-DANFOSS
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Kenneth D. McCuskey

  
	
   

  	
  Kenneth
  D. McCuskey

  Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]