Document:

exv10w8

Exhibit 10.8

			
	 	 	 
	
	 	Pro Forma Template

Sale and Assignment Agreement

AGREEMENT ON THE SALE AND ASSIGNMENT OF A LIMITED

PARTNERSHIP INTEREST

 

NACHTWACHE METERING MANAGEMENT

VERMöGENSVERWALTUNGS GMBH & CO. KG

(THE “PARTNERSHIP”)

 

 

 

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THIS AGREEMENT is made on                                                              2007

BETWEEN:

Nachtwache Reserve GmbH, registered in the Commercial Register “B” of the Local Court of Wiesbaden
under the number HRB 21891 (the “Vendor”),

Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG, registered in the Commercial
Register of the local court (Amtsgericht) in Wiesbaden under HRA 8299 (the “Partnership”), and

[Insert A], born [Insert B], residing at [Insert C] (the “Purchaser”).

	1	 	SUBJECT OF AGREEMENT
	 
	1.1	 	The Partnership is registered in the Commercial Register of the local court (Amtsgericht) in
Wiesbaden under HRA 8299 with its registered office in Wiesbaden and with a limited
partnership capital of EUR 132,075 (in words: Euros one hundred thirty two thousand and
seventy five), of which EUR 10,000 (in words: Euros ten thousand) is the liable capital
contribution.
	 
	1.2	 	The Purchaser has received a copy of the current partnership agreement of the Partnership in
the version adopted on 1 September 2006 (the “Partnership Agreement”).
	 
	1.3	 	The Vendor is entering into a number of other similar agreements with other purchasers on or
about the date hereof.
	 
	1.4	 	The Purchaser agrees to become a limited partner (Kommanditist) of the Partnership.
	 
	2	 	SALE AND ASSIGNMENT
	 
	2.1	 	The Vendor hereby sells and assigns to the Purchaser a part of its Limited Partnership
Interest in the nominal amount of EUR [Insert D] (in words: [•] Euros) with a liable capital
contribution of EUR 100 (the “Limited Partnership Interest”) with effect from the Effective
Date (as defined in Clause 5.4) and the Purchaser hereby accepts such sale and assignment to
it.

 

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	2.2	 	The Vendor assigns the Limited Partnership Interest by way of a special succession in law
(Sonderrechtsnachfolge).
	 
	2.3	 	The Limited Partnership Interest and hence the sale and assignment of such includes that
share of the Vendor’s Capital Account’s and of the partnership accounts as set out below:

	 	 	 	 	 
	Capital Account	 	Amount in Euro
	CA I
	 	 	100.00	 
	CA II
	 	[Insert D]
	CA III
	 	[Insert E]
	CA III A
	 	NIL
	Current Account
	 	NIL
	Reserve Account
	 	NIL
	Loss Carryover Account
	 	NIL

	2.4	 	For the avoidance of doubt, the Vendor is entitled to all yield accrued or accruing on the
amount posted to CA III up to and including the Effective Date. Yield accruing on the amount
of CA III set out above after the Effective Date shall be for the benefit of the Purchaser.
The Partnership shall ensure the requisite entries are made in its record.
	 
	2.5	 	By executing this Agreement the Purchaser acknowledges the terms of the Partnership Agreement
and agrees to be bound by them. The Purchaser undertakes to accede to the arbitration
agreement (as defined in the Partnership Agreement) in proper form and without undue delay
following the execution hereof.
	 
	3	 	PURCHASE PRICE, DUE DATE, INTEREST
	 
	3.1	 	The purchase price for the Limited Partnership Interest is EUR [Insert F] (in words: [•]
Euros) (the “Purchase Price”). The Purchase Price is due on the later of (a) [•] or (b) within
five banking days of the date hereof (the “Due Date”).

 

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	3.2	 	All payments to Vendor shall be paid to such account as may be notified to the Purchaser in
writing for these purposes, free of all costs and charges. The Purchaser shall include in the
payment instructions to its bank its name and the purpose of the payment, i.e. [Insert A]:
investment in Metering KG.
	 
	3.3	 	The Purchase Price shall bear interest at 6.80% per annum for the period from the Due Date up
to and including the date of receipt of the Purchase Price by the Vendor, without prejudice to
any other rights and remedies of the Vendor arising from a payment default.
	 
	3.4	 	This Agreement shall automatically terminate without further notice if the Purchaser fails to
pay the Purchase Price in full by the Due Date and such default is not cured within a grace
period of 14 calendar days.
	 
	4	 	CONSENT OF THE CO-INVESTMENT COMMITTEE
	 
	4.1	 	The Co-Investment Committee of Elster (as defined in the Partnership Agreement) has granted
its consent in accordance with § 5.4 of the Partnership Agreement to the sale and assignment
of the Limited Partnership Interest to the Purchaser. A copy of the consent is attached hereto
as Annex A.
	 
	4.2	 	The Purchaser hereby undertakes to give a commercial register power of attorney
(Handelsregistervollmacht) in the form attached as Annex B to the general partner of the
Partnership in due notarial form.
	 
	5	 	CONDITION PRECEDENT, REGISTRATION, EFFECTIVE DATE
	 
	5.1	 	In the internal relationship between the parties hereto, the assignment of the Limited
Partnership Interest is conditional upon receipt of the Purchase Price and any interest due
under Clause 3.3 in full by the Vendor. If the Purchase Price and all such interest is
received by the Vendor on or before the Due Date this condition shall be deemed to have been
satisfied on the Due Date (24:00) but if the Purchase Price and all such interest is received
by the Vendor after the DueDate (24:00) then this condition shall be satisfied at 24:00 hrs on
the actual day of receipt.
	 
	5.2	 	In relation to third parties the assignment of the Limited Partnership Interest is deemed to
have occurred upon registration of the Purchaser as a limited partner of the Partnership in
the commercial register of the local court Wiesbaden (HRA 8922), together with an appropriate
notice of special succession in law (Sonderrechtsnachfolgevermerk).

 

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	5.3	 	The registration of the Purchaser as a limited partner together with an appropriate notice of
special succession in law (Sonderrechtsnachfolgevermerk) will only be applied for upon receipt
in full of the Purchase Price.
	 
	5.4	 	The date on which the condition precedent set forth in Clause 5.1 has been fulfilled (or
deemed to be fulfilled) is called the “Effective Date”.
	 
	6	 	GUARANTEES
	 
	6.1	 	The Vendor has and will until the Effective Date have valid legal title to the Limited
Partnership Interest.
	 
	6.2	 	The Limited Partnership Interest is duly authorised and fully paid. No repayment of capital
contributions (Rückgewähr von Einlagen) has been effected (neither at the date hereof nor up
until the Effective Date).
	 
	6.3	 	The Acquired Limited Partnership Interest is not and will not, until the Effective Date be
pledged or otherwise encumbered with rights of third parties and hence, is free of any
encumbrance.
	 
	6.4	 	The Vendor will not effect any change to the Partnership Agreement to the detriment of the
Purchaser up to the Effective Date.
	 
	7	 	COVENANT
	 
	7.1	 	The Purchaser agrees not to take any action or accept any payment which would give rise to a
liability of the Purchaser under § 172 para. 4 of the German Commercial Code
(Handelsgesetzbuch).
	 
	7.2	 	The Purchaser confirms that it may enter into and perform its obligations under this
Agreement without requiring any third party consent (including spousal consent) and that the
transaction contemplated herein or in the Partnership Agreement does not constitute a disposal
of all of the Purchaser’s assets or a substantial part thereof.
	 
	8	 	COSTS AND TAXES
	 
	 	 	Any costs resulting from or arising in connection with the conclusion and implementation of
this Agreement, including any taxes (other than taxes on any potential capital gains made by
the Vendor (for which the Vendor shall be liable)), social security obligations or other
duties or expenses triggered thereby, are borne by the Purchaser. Each party shall bear the
costs of its own advisor.

 

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	9	 	FINAL PROVISIONS
	 
	9.1	 	Any dispute arising out of or in connection with this Agreement (including such on the
validity of this clause), which cannot be settled amicably shall be finally settled by
arbitration in accordance with the separate arbitration agreement attached hereto as Annex C
(the “Arbitration Agreement”). The issue in dispute shall be finally settled according to the
Arbitration Rules of the German Institute for Arbitration (Deutsche Institution für
Schiedsgerichtsbarkeit e.V. — DIS) without recourse to the ordinary courts of law by an
arbitration tribunal which shall consist of three arbitrators and which shall have its seat in
Frankfurt/Main. Any arbitration shall be conducted in the English language.
	 
	9.2	 	The place of exclusive jurisdiction for all judicial acts relating to arbitration proceedings
in accordance with section 1062 para 1 no 1 to 4 Civil Procedure Code (Zivilprozessordnung) as
well as for all disputes between the Parties that are not arbitrable and for which there is no
other exclusive place of jurisdiction is Frankfurt am Main.
	 
	9.3	 	This Agreement is governed by German law.
	 
	10	 	PARTIAL INVALIDITY AND AMENDMENTS TO THIS AGREEMENT
	 
	10.1	 	Should any provision of this Agreement, or any part of such provision, be or become
ineffective or impossible to implement, or should this Agreement prove to have a contractual
gap, this shall not adversely affect the validity of the other provisions hereof. Any such
provision that may prove to be ineffective or impossible to implement, or any contractual gap
that may be contained herein, shall be replaced or filled by such reasonable provision which
is acceptable in legal terms and which comes as close as possible to what the parties intended
to agree on or, judging by the purpose and the essence of this Agreement, would have agreed on
had they considered the relevant issue.
	 
	10.2	 	If any provision hereof is ineffective or impossible to implement due to the quantity or
extent of any contractual performance, or the time within which such performance is to be
rendered (i.e. a deadline set in the form of a specific date or period of time), the parties
shall be deemed to have agreed on such quantity, extent or time that is acceptable in legal
terms and that comes as close as possible to the original provision.
	 
	10.3	 	Any amendment to this Agreement shall only be binding if made in writing. This shall also
apply to any waiver of this requirement of written form.

 

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	 	 	Place, date
	 
	 	 	On behalf of Nachtwache Reserve GmbH:
	 
	 	 	 

	 	 	([•] in his capacity as managing director of Nachtwache Reserve GmbH with sole power of
representation and released from the restrictions of section 181 BGB)
	 
	 	 	On behalf of Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG:
	 
	 	 	 

	 	 	([•] in his capacity as managing director of Rembrandt Nachtwache Verwaltungs GmbH with sole
power of representation and released from the restrictions of section 181 BGB as general
partner of Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG)
	 
	 
	 	 	 

	 	 	([Insert A])

 

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ANNEX A

CONSENT OF THE CO-INVESTMENT COMMITTEE

 

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CO-INVESTMENT COMMITTEE

Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG (the “Partnership”) is registered
in the Commercial Register of the local court (Amtsgericht) in Wiesbaden under HRA 8299 with its
registered office in Wiesbaden and with a limited partnership capital of EUR 132,075 (in words:
Euros one hundred thirty two and seventy five), of which EUR 10,000 (in words: Euros ten thousand)
is the liable capital contribution.

We, the Co-Investment Committee of Elster Group S.E., hereby consent in accordance with Clause 5.4
of the Partnership Agreement of the Partnership dated on the date hereof to the sale and assignment
set out in Schedule 1 by Nachtwache Reserve GmbH on the terms and conditions set out in
this Sale and Assignment Agreement and the accession of the transferee as additional limited
partner of the Partnership with the limited partnership interest as set out in Schedule 1.

	 	 	 	 	 

	 

	 	 

	 	 
	(Place/Date)

	 	(Place/Date)	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	([•])

	 	([•])	 	 

 

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SCHEDULE 1

	 	 	 
	Nominal Value of Limited Partnership	 	 
	Interest	 	Transferee
	100 EUR
	 	[Insert A]

 

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ANNEX B

POWER OF ATTORNEY

FOR THE COMMERCIAL REGISTER

 

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Handelsregistervollmacht

Die Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG (“KG”) mit Sitz in
Wiesbaden, ist eingetragen im Handelsregister des Amtsgerichts Wiesbaden unter HRA 8299.

Die Nachtwache Reserve GmbH mit Sitz in Wiesbaden, eingetragen im Handelsregister des Amtsgerichts
Wiesbaden unter HRB 21891, ist als Kommanditistin an der KG beteiligt. Die Nachtwache Reserve GmbH
hat von ihrer Kommanditbeteiligung im Wege der Sonderrechtsnachfolge mit Wirkung ab Eintragung der
Übertragung einen Teilbetrag in Höhe von EUR 100 auf mich, übertragen.

Ich, [     ], erteile hiermit, unter Befreiung von den Beschränkungen des § 181 BGB, der persönlich
haftenden Gesellschafterin, Rembrandt Nachtwache Verwaltungs GmbH (“Bevollmächtigte”), eingetragen
im Handelsregister des Amtsgerichts Wiesbaden unter HRB 21938, der KG und deren rechtmäßigen
Vertretern, jedem für sich allein,

Vollmacht

meinen Eintritt in die KG im Wege der Sonderrechtsnachfolge sowie die Reduzierung der
Hafteinlage der Kommanditistin Nachtwache Reserve GmbH um EUR 100 zur Eintragung in das
Handelsregister anzumelden.

Die Vollmacht erstreckt sich ferner auf alle sonstigen Anmeldungen zum Handelsregister, zu deren
Abgabe ich als Kommanditist verpflichtet bin, insbesondere soweit sie durch den Eintritt, das
Ausscheiden oder die Übertragung von Beteiligungen anderer Gesellschafter der KG oder die Erhöhung
oder Herabsetzung der Hafteinlage anderer Gesellschafter der KG erforderlich werden.

Die Vollmacht erstreckt sich auch auf Anmeldungen zum Handelsregister, die mein Ausscheiden als
Kommanditist aus der KG betreffen.

 

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Diese Vollmacht ist für die Dauer meiner Zugehörigkeit als Kommanditist zur KG unwiderruflich. Sie
erlischt, wenn die Bevollmächtigte aus der KG ausscheidet oder ihre Stellung als persönlich
haftende Gesellschafterin der KG verliert.

Die Bevollmächtigte ist nicht berechtigt, Untervollmacht zu erteilen.

Diese Vollmacht soll umfassend ausgelegt werden, um den Zweck ihrer Erteilung zu verwirklichen.

Die Auslegung und der Bestand dieser Vollmacht richten sich nach dem Recht der Bundesrepublik
Deutschland. Sofern Bestimmungen dieser Vollmacht unwirksam sind, so berührt dies die Wirksamkeit
der Vollmacht im übrigen nicht.

         
                  
                  
                  
                 , den                                         

       
                
                 

([•])

 

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ANNEX C

ARBITRATION AGREEMENT

 

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ARBITRATION AGREEMENT

This Arbitration Agreement is made on [•]

between

	1.	 	Nachtwache Reserve GmbH, registered in the commercial register of the local court of
Wiesbaden under HRB [•] (the “Reserve GmbH”);
	 
	2.	 	Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG, registered in the
Commercial Register of the local court (Amtsgericht) in Wiesbaden under HRA 8299 and
	 
	3.	 	[•], born [ ], residing at [ ] (“Purchaser”)

(together, the “Parties”).

WHEREAS

	(A)	 	The Parties have entered into an Agreement on the Sale and Assignment of a Limited
Partnership Interest in Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG
dated on or about the date hereof (the “SPA”).
	 
	(B)	 	Pursuant to Clause 10 of the SPA any dispute under or in connection with the
Partnership Agreement which cannot be settled amicably shall be finally settled according to
the Arbitration Rules of the German Institute for Arbitration (Deutsche Institution für
Schiedsgerichtsbarkeit e.V. — DIS) without recourse to the ordinary courts of law by an
arbitration tribunal which shall consist of three arbitrators.

 

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NOW IT IS AGREED AS FOLLOW

In accordance with the arbitration clause in the SPA the Parties hereby enter into the following
arbitration agreement (the “Arbitration Agreement”):

	1	 	COMPETENCE OF AN ARBITRATION TRIBUNAL
	 
	1.1	 	All disputes arising out of or in connection with the SPA (including the validity of the
arbitration clause in Clause 9 of the SPA and this Arbitration Agreement) shall be decided by
an arbitration tribunal without recourse to the ordinary courts of law.
	 
	2	 	ARBITRATION PROCEEDINGS
	 
	2.1	 	The arbitration tribunal shall have its seat in Frankfurt am Main.
	 
	2.2	 	The arbitration tribunal shall consist of three arbitrators.
	 
	2.3	 	The arbitration proceedings shall be conducted in the English language. Documents in the
German language need not be translated.
	 
	2.4	 	In addition to the above, the arbitration rules of the German Institute for Arbitration
(Deutsche Institution für Schiedsgerichtsbarkeit e.V.) shall apply.
	 
	3	 	MISCELLANEOUS
	 
	3.1	 	Any cancellation of or amendment to this Arbitration Agreement shall only be binding if in
writing. This also applies to a waiver of this requirement of written form. There are no side
agreements to this Arbitration Agreement.
	 
	3.2	 	Should any provision of this Arbitration Agreement, or any part of such provision, be or
become ineffective or impossible to implement, or should this Arbitration Agreement prove to
have a contractual gap, this shall not adversely affect the validity of the other provisions
hereof. Any such provision that may prove to be ineffective or impossible to implement, or any
contractual gap that may be contained herein, shall be replaced or filled by such reasonable
provision which is acceptable in legal terms and which comes as close as possible to what the
Parties intended to agree on or, judging by the purpose and essence of this Agreement, would
have agreed on had they considered the relevant issue.
	 
	3.3	 	This Arbitration Agreement is governed by German law. It shall remain in force in respect to
each of the persons who acceded to it even after such person ceases to be a partner of the
Partnership.

 

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	3.4	 	This Arbitration Agreement may be terminated only for important cause. The arbitration
tribunal shall be authorised to determine any dispute concerning an alleged termination of
this Arbitration Agreement.

 

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	 	 	[Place,Date]
	 
	 	 	On behalf of Nachtwache Reserve GmbH:
	 
	 	 	 

	 	 	([•] in his capacity as managing director of Nachtwache Reserve GmbH with sole power of
representation and released from the restrictions of section 181 BGB)
	 
	 	 	On behalf of Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG:
	 
	 	 	 

	 	 	[•] in his capacity as managing director of Rembrandt Nachtwache Verwaltungs GmbH with sole
power of representation and released from the restrictions of section 181 BGB as general
partner of Nachtwache Metering Management Vermögensverwaltungs GmbH & Co. KG
	 
	 	 	 

	 	 	([•])Exhibit 10.1

Exhibit 10.1

EXECUTION VERSION

TRANSACTION BONUS AGREEMENT

This TRANSACTION BONUS AGREEMENT (this “Agreement”) is made as of September 7, 2010,
between Associated Materials, LLC, a Delaware limited liability company (the “Company”),
and Thomas Chieffe (“Executive”).

R E C I T A L S

WHEREAS, Executive is the Chief Executive Officer of the Company; and

WHEREAS, the Company desires to encourage Executive’s contribution to the success and progress
of the Company and assist with causing the Company to enter into an Approved Sale (as defined
below).

NOW THEREFORE, in consideration of the mutual covenants set forth herein, and for other good
and valuable consideration, receipt of which is hereby acknowledged, the parties, intending to be
legally bound, do hereby agree as follows:

AGREEMENTS

1. Definitions.

“Approved Sale” means a transaction that results in a bona fide,
unaffiliated direct or indirect change of economic beneficial ownership of the Company, Parent or
their businesses of greater than 50%, whether pursuant to the sale of the stock of the Company or
Parent, the sale of the assets of the Company and its subsidiaries (if combined with a distribution
of net proceeds to stockholders), or a merger, consolidation or other reorganization (other than a
sale of stock by a Current Investor to another Current Investor or in connection with a
Consolidation Transaction).

“Consolidation Transaction” means a transaction or series of related transactions
(including mergers, reorganizations, liquidations, share exchanges and/or consolidations involving
the Company and one or more of its subsidiaries) effected to implement a reorganization of the
Company and one or more of its subsidiaries (or similar transactions) that does not result in a
material change in beneficial ownership of the voting securities of the Company or its successor.

“Current Investors” means the stockholders of Parent as of the date hereof.

“Parent” means AMH Holdings II, Inc., the indirect parent of the Company.

2. Transaction Bonus. Subject to Executive’s continued employment with the Company
through the closing date of the Approved Sale, within five days following an Approved Sale that
closes no later than December 31, 2010, the Company shall pay or cause to be paid to the Executive,
in cash, an amount equal to $1,416,000 (the “Transaction Bonus”). The Transaction Bonus
shall be subject to all applicable tax and other legally-required withholdings.

 

 

 

3. Stockholder Approval. Payment of the Transaction Bonus is subject to stockholder
approval meeting the requirements of Section 280G(b)(5) of the Code, and the regulations
promulgated thereunder, being obtained.

4. Not an Employment Contract. Nothing in this Agreement or any other instrument
executed pursuant hereto shall confer upon Executive any right to continue in the employ of the
Company or any of its subsidiaries or shall affect the right of the Company or any of its
subsidiaries to terminate the employment of Executive with or without cause.

5. Governing Law. All terms of and rights under this Agreement shall be governed by
and construed in accordance with the internal laws of the State of Delaware, without giving effect
to principles of conflicts of law.

6. Amendments and Waivers. This Agreement may be amended, and any provision hereof
may be waived, only by a writing signed by each party hereto.

7. Entire Agreement. This Agreement sets forth the entire agreement and understanding
between the parties as to the subject matter hereof and supersedes all prior oral and written and
all contemporaneous oral discussions, agreements and understandings of any kind or nature.

8. Separability. If any term or other provision of this Agreement is invalid, illegal
or incapable of being enforced by any rule of law, or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner
adverse to any party. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as possible in an
acceptable manner to the end that transactions contemplated hereby are fulfilled to the maximum
extent possible.

9. Headings. The headings preceding the text of the sections hereof are inserted
solely for convenience of reference, and shall not constitute a part of this Agreement, nor shall
they affect its meaning, construction or effect.

10. Counterparts. This Agreement may be executed in two counterparts, each of which
shall be deemed an original, but which together shall constitute one and the same instrument.

11. Assignment; Binding Effect. This Agreement may not be assigned by Executive
without the prior written consent of the Company. This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective permitted successors and assigns.

12. Termination. This Agreement shall terminate upon the earlier of (i) the failure
to consummate an Approved Sale on or before December 31, 2010 or (ii) the agreement in writing of
Parent and Executive to terminate this Agreement.

[the remainder of this page is intentionally left blank]

 

2

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.

	 	 	 	 	 
	 	ASSOCIATED MATERIALS, LLC

 	 
	 	By:  	/s/ Stephen E. Graham
 	 
	 	 	Name:  	Stephen E. Graham 	 
	 	 	Title:  	Chief Financial Officer 	 
	 	 	 
	 	                                              /s/ Thomas Chieffe
 	 
	 	Thomas Chieffe 	 

 

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