X588/38

Transfer of Business. Photocopy of agreement i) Thomas George Yewell Porter, The Fox, Great Gransden, Hunts ii) Archibald William Griffiths, Wendover Drive, Bedford iii) Summary Thirty Four Limited, London Wall, London, EC2R 7JP reciting that i) and ii) have been in business as J & G Turner, 66a, St John Street, Bedford, as wholesalers in rope, twine and tarpaulin ('The Business') i) has been carrying on business as the Bedford Paper Bag & Wrapping Company at 66a St John Street, Bedford, as paper and bag merchants ('The Company') Now i) and ii) sell to iii) as from 3 September 1977 - goodwill of the Business and exclusive right to use the Business name, contracts, assets, stock in trade, book debts and property of the Business i) sells to iii) as from 3 September 1977 - goodwill of the Company and exclusive right to use the Company name, contracts, stock in trade, debts due, assets and other property of the Company Since 3 September 1977 i), and i) and ii) as regards the Company and the Business, have carried them on as agents for iii) and should be indemnified accordingly i) and ii) will execute a lease of the property (as in annexed draft labelled A)[ not present] and iii) will enter into contracts of employment with i) and ii) as in forms B and C annexed Various provisions as to the financial liability of iii) in regard to the Company and the Business Consideration for the Business - undertakings as previously mentioned - £7,000 for goodwill - £5,000 for fixed assets - unspecified amount for stock in trade, book debts, contracts etc Consideration for the Company - undertakings as previously mentioned - £1,000 for goodwill - unspecified amount for fixed assets, stock in trade, book debts, contracts etc iii) to deliver to solicitors for i) and ii) - £35,000. On determination of total consideration payable, iii) shall pay to i) and ii) and to i) alone the amount by which the sum arrived at as total consideration exceeds £35,000, or, i) and ii) or i) alone shall pay to iii) any short fall. Various warranties given by ii) and ii) to iii) as regards the Business Various warranties given by i) to iii) as regards the Company including the fact that it has no employees. Employees in the Business to be offered by iii) employment on the same terms Neither i) or ii) shall for 3 years carry on any business which might compete with that of iii) With various schedules - uncompleted

21 Sep 1977

From: 1977 To: 1977

item

Turner, J. & G. Ltd.,
Porter, Thomas George Yewell,
Griffiths, Archibald William,
Summary Thirty Four Limited,
Bedford Paper Bag & Wrapping Company

sack merchant, ropemaker, twinemaker, J. & G. Ltd Turner, Great Gransden Fox, paper, solicitors, Bedford St John's Street, Great Gransden, Bedford Wendover Drive, London Wall