FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

− and generally all transactions (whether financial, commercial, industrial, non-commercial, real estate
or other) directly or indirectly attached to the above-mentioned object or any similar or related
objects and pursuing, in any case, the achievement of such transactions.
IDB Immobilier has not engaged, since its incorporation, in any activities other than those described in
its corporate purpose and those incidental thereto and registration as a simplified joint stock company
under the laws of France, the authorisation of the documents and matters referred to or contemplated in
this document to which it is or will be a party (including but not limited to the Commercial Mortgage Loan
Agreement and the granting of security for repayment of the Commercial Mortgage Loan Agreement)
and matters which are incidental or ancillary to the foregoing. Other than as described in the foregoing
sentence, IDB Immobilier has not, since its incorporation, engaged in any activities.
President
The President of IDB Immobilier and its business address and other principal activities are:
Name Business Address Other Principal Activities
Mr. Jean-Pierre Raynal
36 avenue Hoche
President of IDB Immobilier
75008 Paris
IDB Immobilier has no employees.
Capitalisation and Indebtedness Statement
It is estimated that the capitalisation of IDB Immobilier on or about the Closing Date will be as follows:
Share Capital:
Authorised and issued:
20,000 ordinary shares of u39 each, all of which are fully paid up and are held by Immobiliere Ménelas.
Loan Capital:
Commercial Mortgage Loan Agreement (to be advanced on or about the Closing Date)
u18,669,000
Save for the foregoing, at the date of this document, IDB Immobilier has no borrowings or indebtedness
in the nature of borrowings (including loan capital issued, or created but unissued), term loans, liabilities
under acceptances or acceptance credits, mortgages, charges or guarantees or other contingent liabilities.
All loan capital is secured over the assets of IDB Immobilier.
Immobiliere Ménelas S.a.r.l.
Introduction
Immobiliere Ménelas S.a.r.l. (‘‘Immobiliere Ménelas’’) was incorporated in Paris on 2 January 2001
(registered number 434 127 197) as a limited liability company under the laws of France. The registered
office of Immobiliere Ménelas is at 36 avenue Hoche, 75008 Paris. The authorised share capital of
Immobiliere Ménelas is u1,010,000 divided into 101,000 ordinary shares of u10 each, 100,999 of which are
fully paid up and are held by SARL Paris Properties and 1 of which is fully paid up and held by SAS
SPCR.
Principal Activities
The principal objects of Immobiliere Ménelas are set out in Article 2 of its Articles of Incorporation,
which provides that the objects of the company include, inter alia:
– the purchase, either for consideration or by means of contribution of all or part of commercial or
industrial properties, developed or undeveloped, and any other properties of an equivalent nature, as
well as the financing and refinancing by all means of such transactions;
– the construction, fitting-out, administration, management and renting as well as the execution of any
agreement relating thereto;
– the purchase, subscription, possession and transfer of shares in any existing or future company whose
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