Z41/LB2/1/2/1

Copy agreement regarding sale and issue of Debentures between London Brick Company Limited and John Edgar Hill & Others. Parties (i) London Brick Company Limited. (ii) Those others named in the 1stSchedule (First Debenture Holders). (iii) Those other named in the 2nd Schedule (Second Debenture Holders). (ii) and (iii) referred to collectively as the Debenture Holders. LBC has issued 500 first mortgage debentures of 100 each, and 300 second mortgage debentures of 100 each. Secured by a trust deed dated 25 Nov 1909 between LBC of one part and George Rogers Jellicoe and Peter Ferguson of the other part. It is proposed that the business of LBC shall be amalgamated with that of B J Forder & Son Limited ('Forders') and a draft agreement for the sale of the undertaking and assets of LBC to Forders has been prepared. Debenture holders are the holders of all the outstanding assets of LBC (as set out in Schedules 1 & 2). LBC and the Debenture holders have agreed the following: 1) Debenture holders assent to the proposed sale and authorise the trustees of the Trust Deed to assent to the sale. 2) Debenture holders sanction and assent to the following arrangements: First Debenture Holders will accept in exchange for their Debentures and interest accruing thereon as from 1 Jan 1923 30 000 in cash with interest at 6% per annum from 1 Jan 1923 to the date of payment, or at Forders 30 000 fully paid up debenture stock of Forders as in the draft agreement 1 Jan 1923, and 20 000 fully paid up 8% cumulative preference shares of 1 each in Forder with dividend as from 1 Jan 1923. Second Debenture Holders will accept in exchange for their debentures and interest from 1 Jan 1923, 30 000 fully paid up cumulative preference shares of 1 each in Forders with dividend as from 1 Jan 1923. Z 41/LB 2/1/2/1continued 3) Cash and debentures shall be apportioned as laid out in Schedules 1 & 2. 4) Debenture holders shall deposit each with coupons attached in the joint names of the Company and the depositors. 5) If the sale does not go ahead the debentures will be released by the company in favour of the depositors. First Schedule John Edgar Hill, 9 Regents Court, Hanover Gate, London, Peter Ferguson, 21 Creighton Avenue, Muswell Hill, London, and Marjorie Jane Hill, 75 The Drive, Golders Green. London : 1300 First Mortgage Debenture Stock, 780 Cash or Debenture Stock of Forders 520 Preference Shares in Forders. Arthur Pierre Richards, 14, Regents Court, Hanover Gate, London, Peter Ferguson Junior, 47 Hornsey Lane Gardens, Highgate, London and Arthur Appleby Moller 11 Eaton Terrace, London: 1200 First Mortgage Debentures, 720 Cash or Debenture Stock of Forders, 480 Preference Shares in Forders. John Edgar Hill and Peter Ferguson: 47, 500 First Mortgage Debentures held, 28, 500 Cash or Debenture Stock of Forders, 19 000 Preference Shares in Forders. Second Schedule John Edgar Hill & Peter Ferguson: 29 500 Second Mortgage Debentures Held, 29 500 Preference Shares in Forders. John Edgar Hill, Peter Ferguson and Marjorie Jane Hill 500 in Second Mortgage Debentures 500 Preference Shares. Signed and sealed.

May 1923

From: 1923 To: 1923

No. of pieces: 1

item

Hill, John Edgar,
Jellicoe, George Rogers,
Ferguson, Peter,
Hill, Marjorie Jane,
Richards, Arthur Pierre,
Moller, Arthur Appleby

shares, London, Muswell Hill, Golders Green, London Highgate