Dated 22nd December 2004
VALENCE TECHNOLOGY BV
-AND-
▇▇▇▇ ▇▇▇▇▇▇
AGREEMENT FOR SALE OF FACTORY PREMISES AT
▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇
NORTHERN IRELAND
Capital House
▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇
1
INDEX TO CLAUSES
1 Definitions and interpretation
2 Agreement for sale and purchase
3 Price
4 Deposit
5 Completion arrangements
6 Title
7 Vacant possession
8 Specific matters subject to which the Property is sold
9 General matters subject to which the Property is sold
10 Insurance
11 Conditions of sale
12 Misrepresentation
13 Continuation of this Agreement after completion
14 Value added tax
15 Notices
16 Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇
17 Incorporation of Schedules and Appendices
Schedule 1 The Property
Schedule 2 Contracts for the supply of services
2
Date: 22nd December 2004
Parties:
1 `The Seller': VALENCE TECHNOLOGY BV (a private liability company
incorporated under the laws of the Netherlands and registered in Northern
Ireland as a foreign company under registration number FC3149) of ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇
2 `The Buyer': ▇▇▇▇ ▇▇▇▇▇▇ of ▇▇▇▇▇ House, ▇▇▇▇▇ Place, Dundalk, County
Louth
Operative provisions:
1. DEFINITIONS AND INTERPRETATION
1.1 In this Agreement if the context so allows:
`BUYER'S SOLICITORS' means ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co., ▇ ▇▇▇▇▇ ▇▇▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇
`COMPLETION DATE' means 22nd December 2004 or such other date as may
be agreed between the Seller and the Buyer
`CONTRACT RATE:' means an interest rate equal to three per cent over
the base rate of Ulster Bank Limited from time to time as well after
judgment as before
`FULLY INDEMNIFIED' means fully and effectively indemnified against
all costs, claims, demands, expenses and proceedings in respect of the
matter concerned
`GENERAL CONDITIONS' means the Law Society of Northern Ireland General
Conditions of Sale (third edition, second revision), and "General
Condition" is to be construed accordingly
`PLANT AND EQUIPMENT' means the moveable plant, equipment and
machinery and other items set out in Appendix A
`PROPERTY' means the freehold land described in Schedule 1
`SELLER'S SOLICITORS' means ▇▇▇▇▇▇ ▇▇▇ Northern Ireland of ▇▇▇▇▇▇▇
▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇
`VAT' means Value Added Tax
1.2 References to numbered Clauses and Schedules are references to the
relevant Clause or Schedule in this Agreement, unless the context
otherwise requires.
3
1.3 References in any Schedule to numbered paragraphs are references to
the relevant paragraph in that Schedule, unless the context otherwise
requires.
1.4 The Clause Schedule and paragraph headings in this Agreement are for
ease of reference only, and are not to be taken into account in the
construction or interpretation of the Clause Schedule or paragraph to
which they refer.
1.5 Words importing the singular meaning include, where the context so
admits, the plural meaning, and vice versa.
1.6 Words of one gender include both other genders, and words denoting
natural persons include corporations and firms.
1.7 Words denoting an obligation on a party to do any act, matter or thing
include an obligation to procure that it be done, and words placing a
party under a restriction include an obligation not to permit
infringement of the restriction.
1.8 Where the Buyer comprises two or more parties, the obligations of the
Buyer are in relation to each such party joint and several.
1.9 References to `liability,' include where the context so allows,
claims, demands, proceedings, damages, costs and expenses.
2. AGREEMENT FOR SALE AND PURCHASE
2.1 The Seller will sell, and the Buyer will buy, the Property.
2.2 The interest to be sold is freehold.
The sale includes the Plant and Equipment, the property in which is to
pass by delivery at the time of actual completion. The Seller warrants
that the Plant and Equipment is sold free from all encumbrances, hire
purchase, charges and/or leasing agreements and the Seller will keep
the Buyer Fully Indemnified in respect of any such matters.
2.3 The Buyer is deemed to purchase knowing the actual physical state and
condition of the Property and the Plant and Equipment and takes the
Property and the Plant and Equipment as they now are.
2.4 The solvent recovery tower and associated plant, machinery and
equipment listed in Appendix B and all fixtures, fittings, plant,
machinery and equipment other than the Plant and Equipment are
specifically excluded from the sale and the Seller shall be at liberty
to remove them from the Property before giving vacant possession to
the Buyer in accordance with clause 7.
3. PRICE
3.1 The price for the Property is Five Million Pounds sterling, (STG
5,000,000)
4
3.2 One Million Two Hundred Thousand Pounds sterling (STG 1,200,000 ) of
the purchase price is apportioned to the Plant and Equipment
3.3 The following provisions apply in respect of the capital expenditure
on the provision of the Plant and Equipment in Appendix A under
Chapter ▇▇, ▇▇▇▇ ▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇:
3.4 The Seller shall provide to the Buyer and/or their professional
advisers such information as they may reasonably require in relation
to any claim that the Seller has made for capital allowances in
respect of the value and nature of the Plant and Equipment and the
Seller shall facilitate any such reasonable request by the Buyer on
the provision of such information.
4. DEPOSIT
4.1 The Buyer is to pay a deposit of Five Hundred Thousand Pounds sterling
(STG 500,000) to the Seller's Solicitors no later than the signing of
this Agreement and the same shall be held by the Seller's solicitors
as stakeholders pending actual completion.
4.2 The deposit is to be paid by direct credit to a bank account nominated
by the Seller's Solicitors.
4.3 Interest accruing on the deposit for the period ending on the date of
actual completion is to be accounted for to the Seller on completion.
5. COMPLETION ARRANGEMENTS
5.1 Completion is to take place on the Completion Date at the offices of
the Seller's Solicitors, or elsewhere as they may direct.
5.2 The means of payment of the price and other money due from the Buyer
on completion is to be by a direct credit to a bank account nominated
by the Seller's Solicitors.
5.3 If the money due on completion is received after 2.00 pm, completion
is to be treated for the purposes of the General Conditions as taking
place on the next working day.
6. TITLE
6.1 Title to the Property has been deduced by the Seller to the Buyer and
the Buyer is not entitled to raise any objection to the title to the
extent that it has been deduced.
6.2 The Seller sells as beneficial owner free from encumbrances and from
all financial charges.
5
7. VACANT POSSESSION
7.1 Subject to clauses 7.2, and 7.3 the sale is with vacant possession of
the Property save that the Plant and Equipment will be left on the
Property at the time of completion.
7.2 Following completion the Seller shall be entitled to remain in
occupation of the entirety of the Property until 31st January 2005
(the "First Lease Period"), at a rent of (pound)500 on the following
terms and conditions:
7.2.1 the Seller shall occupy as tenant and it is hereby declared that
the parties intend to create the relationship of landlord and
tenant
7.2.2 the Seller shall pay the cost of electricity, gas, water and
telecommunications and other utilities consumed on the Property
throught the First Lease Period
7.2.3 the Seller will reimburse the Buyer for the cost of insuring the
Property in respect of the First Lease Period and will maintain
employer's and public liability insurance at its own expense
7.2.4 the Seller shall be responsible for general maintenance, shall
leave the Property in no worse condition than at the date of
actual completion and shall remove all chemicals and hazardous
waste which the Seller may have stored at the Property and keep
the Buyer Fully Indemnified in respect of such removal thereof
7.2.5 the Seller will maintain the same level of security for the
Property throughout the First Lease Period as is in place at the
date of this Agreement
7.3 The Seller shall be entitled to remain in occupation of the following
parts of the Property:
(a) not more than 15,000 square feet of warehousing (the "Warehouse
Facility") on the lands in Folio AN 89052 Co. Antrim, and
(b) office accommodation for not more than 10 people
throughout the period commencing on 1st February 2005 and ending on
31st March 2005 (the "Second Lease Period"), at a rent of (pound)500
per month, on the following terms and conditions:
7.3.1 the Buyer, acting reasonably, may require the Seller to relocate
to some other suitable part of the Property if the Buyer agrees
to let the Warehouse Facility or the Office Accommodation to a
tenant who wishes to take possession of the Warehouse Facility
and/or the Office Accommodation during the Second Lease Period.
If no
6
other suitable part of the Property is available, the Buyer shall
provide suitable alternative accommodation within his industrial
complex at Trench Road, Mallusk, Co. Antrim on the same terms as
are set out in this clause 7.3
7.3.2 the Seller shall not be required to pay for electricity, gas,
water, or other utilities consumed during the Second Lease Period
but shall discharge all telephone charges which the Seller may
incur
7.3.3 the Seller shall not be required to insure the Warehouse
Facility or the Office Accommodation or to reimburse the Buyer
for the cost of insuring the same but shall maintain employer's
liability and public liability insurance at its own expense
7.3.4 in consideration of the Seller being permitted to remain in
occupation of the Warehouse Facility and the Office Accommodation
during the Second Lease Period the Seller will at the expiration
of the Second Lease Period deliver ownership of the following
items to the Buyer at the expiration of the Second Lease Period:
(i) two portacabins, two containers and one small chemical
container
(ii) all racking in the warehouse and maintenance areas located
on the Property
(iii) such office furniture and equipment as the Seller may
decide is surplus to its own requirements.
7.3.5 the Seller will procure that the Contamination Investigation
Report No. 394/04 dated 7th September 2004 and prepared by
▇▇▇▇▇▇▇▇▇ Geoservices Ltd. is updated at the expiration of the
Second Lease Period and that the benefit of such updated report
will extend to the Buyer and to Northern Bank Ltd. (as funder of
the Buyer's acquisition of the Property).
7.3.6 The Seller shall be responsible for general maintenance of the
Warehouse Facility and the Office Accommodation, shall leave the
same in no worse condition than at the date of actual completion
and shall remove all chemicals and hazardous wastes which the
Seller may have stored in the Warehouse Facility and/or the
Office Accommodation and keep the Buyer Fully Indemnified in
respect of such removal thereof
7.4 Throughout the First Lease Period and the Second Lease Period the
Buyer shall be entitled to have access to the Property or, in the case
of the Second Lease Period the relevant parts of the Property proper
use and occupation of the
7
Property to a material extent or, including, without limitation, for
the purpose of showing prospective tenants around the Property. The
Buyer shall not interfere with or seek to relocate any property of the
Seller (but without prejudice to the Buyer's rights under clause
7.3.1)
8. SPECIFIC MATTERS SUBJECT TO WHICH THE PROPERTY IS SOLD
8.1 The Property is affected by and sold subject to the matters noted upon
the Register of Freeholders for Folios AN 41266 and AN 89052 County
Antrim save in respect of all financial charges thereon, which the
Seller shall discharge on completion and produce evidence thereof to
the Buyer's solicitors.
8.2 The Buyer or its solicitors have been supplied with office copy
entries relating to the Seller's title and the Buyer is to be treated
as entering into this Agreement knowing and accepting their terms, and
may not raise any requisitions or objections about them or about the
title.
9. GENERAL MATTERS SUBJECT TO WHICH THE PROPERTY IS SOLD
9.1 The Property is sold subject to:
9.1.1 all statutory charges whether or not registered before the date
of this Agreement, and all matters capable of registration as
statutory charges whether or not actually registered;
9.1.2 all notices served and orders, demands, proposals or
requirements made by any local or any public authority after the
date of this Agreement;
9.1.3 all actual or proposed orders, directions, notices, charges,
restrictions, conditions, agreements and other matters arising
under any statute affecting the Property; and
9.1.4 all rights of way, drainage, watercourses, light or other
casements, or quasi or reputed easements, and rights of adjoining
owners affecting the Property, and all liability to repair or
covenants to repair roads, pavements, paths, ways, passages,
sewers, drains, gutters, fences and other like matters, without
obligation on the Seller to provide evidence of the creation of
or to define or apportion any such liability and the Seller
warrants that it has provided the Buyer with evidence of all such
matters of which it is aware.
10. INSURANCE
10.1 The Seller will maintain the insurance of the Property until actual
completion, unless it is maintained by a tenant mortgagee or other
third party, and the risk in the Property will remain with the Seller
pending actual completion.
8
10.2 The Seller is not to be responsible to the Buyer for any deficiency in
the amount insured, or inadequacy of the risks covered, and the Buyer
is to satisfy itself in these respects, but the Seller will at the
request and cost of the Buyer increase the amount insured or (if cover
can be obtained) the risks covered.
10.3 The Seller will, if so requested, supply to the Buyer sufficient
details of the insurance of the Property, but the Buyer may make
enquiries direct with the insurers.
10.4 The Seller will at the request and cost of the Buyer obtain or consent
to an endorsement of a notice of the Buyer's interest in the Property
on the policy, or otherwise noted by the insurer.
10.5 Where money becomes payable under the insurance on the Property before
actual completion, the Seller is to apply the money to the
reinstatement of the Property if there is a contractual or statutory
obligation, or the Buyer directs the Seller to do so, but, if not, the
Seller is to account to the Buyer for the money, or so much as has not
been expended, at actual completion.
11. CONDITIONS OF SALE
11.1 The General Conditions apply to this Agreement with the variations set
out in this clause, but the terms of this Agreement are to prevail in
case, and to the extent, of inconsistency.
11.2 In General Condition 2.1 (a) the words "or ought to have" shall be
deleted and in General Condition 2.1 (b) the words "or ought to have"
in line 1 and the words "or which a prudent purchaser ought to have"
in the fourth line shall be deleted.
11.3 With reference to the General Condition 2.2 the Buyer shall be deemed
to be satisfied with the searches and property certificates already
furnished and the right to rescind referred to therein shall not apply
save that the Seller will supply Completion Certificates in respect of
Building Control applications NA/0990/0290 and NA/2001/0004 prior to
actual Completion.
11.4 General Conditions 2.3, 2.4 and 2.6 are deleted, the Buyer accepting
the searches and certificates already furnished, and in the first line
of General Condition 2.5 the words "Without prejudice to the
provisions of Condition 2.2" are also deleted.
11.5 In General Condition 4.1 after the words "inspection of the Property"
there shall be added the words "or the title".
11.6 The words from "provided always" in the eighth line from the bottom of
General Condition 8.2 to the word "Lease" on the last line shall be
deleted.
11.7 General Conditions 12.3, 15.5, 15.6, 16.3, 16.4, 20, 21 , 23 shall be
deleted.
9
11.8 In General Condition 15.7 (a) the words "other than undertakings
contained in the completion letter recommended under the Home Charter
Scheme" shall be deleted, as shall the words "save so far as the
undertakings contained in the completion letter recommended under the
Home Charter Scheme are concerned" in General Condition 15.7(d).
11.10 The rate of interest payable under General Condition 16.1 shall be
the Contract Rate from the date on which payment was due to the date
of actual payment.
12. STATUTORY DECLARATION
The Seller will on completion provide a Statutory Declaration
confirming that it has, since acquiring the lands in Folio AN 89052
Co. Antrim, made use of the piece of land comprised in Folio 1951L Co.
Antrim situated ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇ and the ▇▇▇▇▇▇▇▇
Road for the purpose of gaining access to the lands in Folio AN 89052
Co. Antrim without objection or interruption from any person or body
and that no notices or objections have been received from any person
in relation thereto.
13. MISREPRESENTATION
13.1 The Buyer acknowledges that no statement or representation, whether
oral or written, which may previously have been made to it or any
person concerned on its behalf, by or for the Seller, its agents or
solicitors, has induced it to enter into this Agreement, apart from
the written replies of the Seller's Solicitors to written enquiries
raised by the Buyer's solicitors or other written information supplied
by the Seller's solicitors to the Buyer's solicitors.
13.2 Any liability of the Seller and remedy of the Buyer at law, in equity
or under statute in respect of such a statement or representation or
for implied warranty (apart from the written replies of the Seller's
Solicitors to written enquiries raised by the Buyer's solicitors) is
excluded or other written information supplied by the Seller's
solicitors to the Buyer's solicitors.
14. CONTINUATION OF THIS AGREEMENT AFTER COMPLETION
Completion does not discharge liability to perform any outstanding
obligation tinder (sic) this Agreement.
15. VALUE ADDED TAX
15.1 Sums payable under this Agreement for the supply of goods and services
are exclusive of VAT chargeable on the payment. If VAT is chargeable
the Buyer shall on demand keep the Seller Fully Indemnified in respect
of any such VAT subject to the Seller supplying any appropriate VAT
invoice.
10
16. NOTICES
16.1 Any notice required under this Agreement is to be in writing signed by
or on behalf of the party giving it. The notice may be served by
leaving it at or sending it by telex or facsimile transmission
pre-paid recorded delivery or registered post to the other party's
registered office and addressed to the Secretary for the time being.
16.2 Any notice so served is deemed to have been received:-
16.2.1 in the case of personal service upon delivery;
16.2.2 in the case of facsimile transmission upon tangible
acknowledgment of receipt; 16.2.3 in the case of recorded
delivery or registered post 48 hours from the date of posting
16.3 For notices sent by post it will be sufficient in proving service to
establish the envelope containing the notice was properly addressed
and posted.
17. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999
None of the provisions of this Agreement are intended to or will
operate to confer any benefit (pursuant to the Contracts (Rights of
Third Parties) ▇▇▇ ▇▇▇▇ on a person who is not named as a party to
this Agreement.
18. INCORPORATION OF SCHEDULES
The provisions of the Schedules and of the Appendices are to apply.
SIGNED by or on behalf of the parties on the date which appears at the
head of this Agreement.
11
SCHEDULE 1
Description of the property
The lands comprised in Folios AN 41266 and AN 89052 County Antrim.
12
SCHEDULE 2
Contracts for the supply of services
1 SCOPE OF THIS SCHEDULE
This Schedule applies to contracts for the supply of services to the
Property maintained by the Seller.
2 CANCELLATION UNLESS OTHERWISE REQUIRED
2.1 The Seller will cancel the contracts with effect from the date of
actual completion, unless the Buyer has notified the Seller not less
than five working days before that date that it wishes to maintain
them, or some of them, after completion.
2.2 Where the Buyer so notifies the Seller of its wish to maintain a
contract, the following provisions of this Schedule are to apply.
3 CONTRACTS CAPABLE OF ASSIGNMENT
3.1 In the case of a contract capable of assignment, the Seller will
assign the benefit of the contract to the Buyer.
3.2 The Buyer will undertake with the Seller to:
3.2.1 assume the obligations of the Seller under the contract;
3.2.2 give notice of the assignment of the contract to the supplier of
the services; and
3.2.3 keep the Seller indemnified against liability for future breach
of the obligations to the supplier under the contract.
4 CONTRACTS NOT CAPABLE OF ASSIGNMENT
4.1 In the case of a contract not capable of assignment, or only
assignable with the permission of the supplier:
4.1.1 the Seller will maintain the contract for the benefit of the
Buyer for so long as is necessary to ascertain whether the
supplier is prepared to permit assignment, or novate the
contract;
4.1.2 the Seller will use all reasonable endeavours to obtain
permission to assign the contract, or procure a novation for the
Buyer;
4.1.3 if assignment is permitted by the supplier, paragraph 3 is to
apply;
13
4.1.4 if a novation is obtainable, the Buyer will take up the new
contract with the supplier, or permit the Seller to obtain a
cancellation of the original contract;
4.1.5 the Buyer will reimburse to the Seller the cost of maintaining
the contract for any period mentioned in paragraph 4. 1. 1; and
4.1.6 The Seller will bear the costs of cancellation of any contract
and the Buyer will bear the cost of any novation; but
4.1.7 the Seller may cancel a contract where it is not capable of
assignment and the supplier is unwilling to permit an assignment
or agree a novation.
SIGNED by and on behalf of the Seller in the presence of:-
/s/ ▇▇▇▇▇ ▇▇▇▇▇ /s/ ▇▇▇▇ ▇'▇▇▇▇▇
----------------------- ------------------------
▇▇▇▇▇ ▇▇▇▇▇
Solicitor, Belfast
SIGNED by the Buyer in the presence of:-
/s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ /s/ ▇▇▇▇ ▇▇▇▇▇▇
----------------------- ------------------------
Solicitor
14
APPENDIX A
(THE PLANT AND EQUIPMENT)
QTY ITEM DESCRIPTION CONTRACTOR CURRENT CONTRACT
2 Cradley oil fired steam ▇▇ ▇▇▇▇▇▇ PO Basis
boilers
1 Ygnis gas fired steam boiler ▇▇ ▇▇▇▇▇▇ PO Basis
1 Satchwell BMS (heat ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ PO Basis
management system)
1 Oil Storage tank N/A
1 Puma Diesel generator set & Edina PO Basis
associated equipment
1 Sprinkler System including Wormald Contract thru
pumps, tanks & pipework 12-31-04
1 Hitachi water chiller Carrier PO Basis
2 ▇▇▇▇▇▇▇ Denver Air Team Industries PO Basis
Compressors & ancillaries
1 Various air handlers Bel Air PO Basis
1 Fire Alarm System Fire Security PO Basis
1 Lab air conditioning system PO Basis
MGA
1 Security Camera System Communication PO Basis
1 Chubb card access system Chubb PO Basis
1 Back Factory heating system ▇▇▇▇▇▇▇ - ▇▇▇▇▇▇ PO Basis
15
DESCRIPTION COMMENTS TAG# IN SERV: COST
Control Panel for 671 1/1/99 5,707.00
Etch Tank
Etch Line#1 673 1/1/97 195,145.72
Etch Line #2 674 1/1/97 211,204.07
Control Panel for 675 1/1/99 5,707.00
Etch Tank
Radiant Energy Dryer 677
Radiant Energy Dryer 2 678
Drying Station Shell 796
Rewind station for 968
coater
▇▇▇▇ Solvent 1/4/98 155,742.42
Recovery System
MO-120 Incomplete 814 1/11/97 25,095.73
unit/used for
parts
Mo-120 Incomplete 815 1/11/97 25,095.73
unit/used for
parts
Pulsing Station 992
Web Cleaning Machine 1/12/99 28,500.00
Storage Cabinet 3 723
Storage Cabinet 8 728
Storage Cabinet 9 729
16
Storage Cabinet 10 730
Storage Cabinet 12 731
Storage Cabinet 11 742
Degas/Reseal 712 1/1/97 48,568.92
Equipment 4x4
Degas/Reseal 733 1/1/97 86,907.27
Equipment imp
Final Test Machine Incomplete 804 1/1/97 197,328.30
4x4 unit/used for
parts
Final Test Machine Incomplete 805 1/1/97 138,467.60
Imp unit/used for
parts
30" Slurry Box 1/1/99 2,858.00
30" Slurry Box 1/1/99 2,858.00
44" Slurry Box 1/1/99 3,335.00
44" Slurry Box 1/1/99 3,335.00
Slurry Box 1/4/99 6,670.80
30" Slurry Box 1/1/99 2,858.00
Slurry Box 1/5/99 2,810.00
Slurry ▇▇▇ ▇▇" 1/6/99 2,810.00
46" Slurry Box 1/4/00 3,335.00
Klockner Bicell Incomplete 1/1/95 3,472,856.04
Assembly Machine unit/used for
parts
Automatic Incomplete 1/12/00 29,600.00
Puckloading system unit/used for
parts
17
SVA Tape Applicator Incomplete 1/12/99 15,600.00
unit/used for
parts
Arcotronics CFS 1
Arcotronics CFS 2
Coater Feed System Scale 1/2/99 10,000.75
Coater Feed System Scale 1/2/99 10,000.75
▇▇
▇▇▇▇▇▇▇▇ ▇
(THE SOLVENT RECOVERY TOWER)
19
------------------------------------------ ------------------------------ -----------------------
BV Asset Tag# Area
------------------------------------------ ------------------------------ -----------------------
1 Distillation Tower 1223 Distillation Column
Cooling System For Tower 1228 Distillation Column
Control Panel & Switchgear 1362 B/F Control Room B/F
PC Control system, PLC Control panels, 1363 Control Room
software
Filing Cabinet & Documentation Therein 1364 Distillation Column
3 50K Litre 304 S/S Tanks
1 15 K Litre 304 S/S Tank 1224;1225;1226 Distillation Column
1 30 K Litre 316 S/S cone top on legs 1227 Distillation Column
2.6 m diameter x 7 m high in yard 1232 Extraction T/F
5 x 2.2 K Litre S/S tanks
1233; 1234; 1235; 1236; 1237 Extraction T/F
1 x 3.2 K litre tank 1 6m x 3.24 in
yard, including Vent and Flame 1231 Extraction T/F
Arrestor.
1 x 2.95 K Litre 2.5 x 2.2 tank 647 Mixing RM
4 x 13.5K Litre cylinders/jacketed 657;658;659;660 Mixing RM
mixing vessels 304 S/S 2.6 metre
diameter and 4.5m high
Related mechanical infrastructure -
frames - supports - pipe bridges - access
ladders - gantries, etc, deluge system
specific to the tower. Any Civil, E&M,
Design drawings, manuals, written operating
procedures available. Pipework and
supply runs specific to tower will
transfer ownership. In the event that Linden
Foods are able to agree terms to lease
the building from the new building owner
any pipework and supply runs which run
services in common with the main factory
will be subject to service agreement with
the new building owner (this includes
the main water tower that feeds the factory
floor sprinkler system and distillation
tower deluge system). Any proposed separation
would be subject to agreement with the new
building owner and only if this is possible
without detriment to main factory, in this
event any separation
20
must be at the cost of Linden Foods and
undertaken by agreed approved contractor.
Automation Controls and available
interconnections including pumps
2 x 5K litre jacketed s/s mixing vessels
2.1 x 2.2 656; 655 Mixing RM
+ 2 1.5K Litre jacketed tanks 1.6x 1.8 641; 646 Mixing RM &
Lamination
3 x Carrier Chillers 1243; 1242; 1244 Outside
Nitrogen feed and pipework from the No Tag# Outside
rented Nitrogen Tank (property of BOC
Gas);
Miscellaneous Tanks comprising:-
Acetone Farm - I 55K Litre 304 S/S tank 1238 Acetone T/F
4.5 m diameter x 5.5 m
2 x 27K Litre 304 S/S tanks 3.2 m 1240; 1241 Acetone T/F
diameter x 5 m
1 x3K ▇▇▇▇▇ ▇/▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ T/F
1 by 0.9 K Litre S/S tank 1 m x 2.2 707 Extraction RM
m(are these the same as those
highlighted below?)
2 x 500 gallon ▇▇▇ Industries S/S tanks 792; 1358 Outside yard
(see above)
2 x 700 gallon ▇▇▇ Industries S/S Tanks 793; 1037 Outside yard & Lamin
1 x 200 gallon ▇▇▇ Industries S/S Tank 1359 Outside yard
------------------------------------------ ------------------------------ -----------------------
SUBTOTAL RECOVERY TOWER AND MISC (pound)285,000.00
EQUIPMENT
------------------------------------------ ------------------------------ -----------------------
OTHER EQUIPMENT COMPRISING:-
1 Vac-U-Max Powder Filling Station and 611;608;609 Powders & Lamination
Control panels including ▇▇▇▇▇▇ x2
6 Roots Blowers (blowers currently Lamination
located in laminated area) 1248;1353;1354;1355;1356;
1357
1 V Blender & Panel +Vulcatherm Oil 603 Powders
Heater & Vacuum Pump
2 Shredders - Integrated Recycling 631; 632 Powders
Systems
2 Vacuum Sub Level Feeds To Master Mixers 1245; 1246 Powders
1 x ▇▇▇▇▇▇ System including Chronos 604 Powders
System + Platform Scales
6 x Battery Tray Trollies No Tag# Back Factory
1 x Boss Forklift Truck c/w recharging 986 Mobile
pack.
21
1 x Hyundai Van AKZ 6914 No Tag# Outside
------------------------------------------ ------------------------------ -----------------------
SUBTOTAL OTHER EQUIPMENT (pound) 15,000
------------------------------------------ ------------------------------ -----------------------
TOTAL (pound) 300,000
Plus VAT
------------------------------------------ ------------------------------ -----------------------
22
