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percent shares [saham], consisting of marine machineries and
equipment and the storage land of the company [which] is in
my name and in the name of my children, namely Mr. Bahman
Ahadpour and Bijan and David Ahadpour, together with my
personal storage which is presently used by the company to
Mr. Amarreh at fair price and, as of this date, Mr. Amarreh
is the owner of Gulf Marine Service Company and the cash and
accounts receivable, as of this date, belongs to the company
which exists between us and the contracts which are signed
as of this date are all the company’s income [and] belong to
Mr. Amarreh and Mr. Amarreh, taking the God and conscience
into consideration, purchases the above mentioned shares
[saham] and pays the price thereof to me.[5] God bless the
parties.
Both Ammareh and petitioner signed this statement (fair price
agreement).
Statement of Account
On April 30, 1979, petitioner and Ammareh met with attorney
John Salyer (Mr. Salyer). Mr. Salyer prepared a document in
English entitled “Statement of Account”. Mrs. Ahadpour
interpreted between Persian and English during the drafting of
this document. Both Ammareh and petitioner signed this document,
which states:
That approximately three (3) years ago, on or about
1976, in the Country of Iran, FERYDOUN AHADPOUR, DORIS
AHADPOUR and their dependent children, sold all their right,
title and interest in and to GULF MARINE SERVICES, * * * to
HOSSEIN AMMAREH by a separate contract and agreement for the
amount of Eight (8) Million Dollars ($8,000,000) * * * .
That Two Million ($2,000,000) dollars of said purchase
price has been paid by depositing said funds in a bank in
Iran, and that the remaining balance of Six Million dollars
($6,000,000) will be paid by said HOSSEIN AMMAREH in
5 According to petitioner’s translation of the document,
the last portion of the sentence reads as “and will pay the price
thereof to me.”
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