- 40 -
proceeds for the rent sale ($87,805,802) to Comdisco in payment of
Andantech’s obligations to Comdisco under the term note.
NationsBank did so, and Comdisco canceled the term note.
VI. Mr. de la Barre d’Erquelinnes’s and Mr. Parmentier’s
Withdrawal From Andantech
A. Mr. de la Barre d’Erquelinnes’s and Mr. Parmentier’s
Withdrawal of Capital Contributed to Andantech
On November 30, 1993, Mr. Parmentier and Mr. de la Barre
d’Erquelinnes withdrew (in the aggregate) $189,882.89 from the
capital of Andantech.
B. Transfer of Mr. de la Barre d’Erquelinnes’s Membership
Interest in Andantech to EICI (Appendix E)
Equipment Investors Co., Inc. (EICI), was organized on
December 6, 1993, and at all relevant times thereafter validly
existed as a corporation, under the laws of Delaware. Initially,
Mr. de la Barre d’Erquelinnes was EICI’s sole shareholder; Mr.
Parmentier was EICI’s sole director.
Pursuant to an Assignment and Assumption of Membership
Interest of Andantech L.L.C., dated December 9, 1993, Mr. de la
Barre d’Erquelinnes transferred his 2-percent membership interest
in Andantech to EICI. Mr. de la Barre d’Erquelinnes thereafter
withdrew as a member of Andantech, and EICI was admitted.
On December 28, 1993, Mr. de la Barre d’Erquelinnes
transferred his EICI stock to a charitable support trust (the
Trust); thereafter, the Trust was at all relevant times the sole
shareholder of EICI. The Trust was established in 1988 by
Page: Previous 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 NextLast modified: May 25, 2011