FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
activity is dedicated to the purchase, ownership, use, administration and management, by means of<br />
renting the properties or otherwise, of properties to be built on plots of land which have been<br />
purchased beforehand, or of any other property the company may own. The purchase or subscription<br />
of shares of any company whose main object is to facilitate directly or indirectly the possession of<br />
commercial or industrial properties, whether already built or to be built, with a view to renting such<br />
properties;<br />
– any transactions (whether property related or not) which directly or indirectly further the aims of one<br />
of the above mentioned objects, or are useful or necessary for the management of the assets of the<br />
company or which may facilitate the above objects, and namely:<br />
• borrowing or more generally raising funds, by itself or with other companies (whether the<br />
company is liable on a several basis or on a joint and several basis with the other companies<br />
pursuant to such transactions);<br />
• granting any security interest (‘‘sûreté réelle’’) or guarantee (‘‘sûreté personnelle’’) or entering into<br />
any agreement whose effect or object is to guarantee the performance of the obligations (such as<br />
the mortgages, liens, pledges, assignment of receivables) and in particular granting such security<br />
interest or guarantee (or entering into such acts) in order to guarantee the performance by a third<br />
party of its obligations;<br />
– and generally all transactions (whether financial, commercial, industrial, non-commercial, real estate<br />
or other) directly or indirectly attached to the above-mentioned object or any similar or related<br />
objects and pursuing, in any case, the achievement of such transactions.<br />
Immobiliere Ménelas has not engaged, since its incorporation, in any activities other than those described<br />
in its corporate purpose and those incidental thereto and registration as a private limited company under<br />
the laws of France, the authorisation of the documents and matters referred to or contemplated in this<br />
document to which it is or will be a party (including but not limited to the Commercial Mortgage Loan<br />
Agreement and the granting of security for repayment of the Commercial Mortgage Loan Agreement)<br />
and matters which are incidental or ancillary to the foregoing. Other than as described in the foregoing<br />
sentence, Immobiliere Ménelas has not, since its incorporation, engaged in any activities.<br />
Manager (‘‘Gérant’’)<br />
The manager of Immobiliere Ménelas and its business address and other principal activities are:<br />
Name Business Address Other Principal Activities<br />
Mr. Jean-Pierre Raynal<br />
36 avenue Hoche<br />
Manager of Immobilière<br />
75008 Paris<br />
Ménelas SARL<br />
Immobiliere Ménelas has no employees.<br />
Capitalisation and Indebtedness Statement<br />
It is estimated that the capitalisation of Immobiliere Ménelas on or about the Closing Date will be as<br />
follows:<br />
Share Capital:<br />
Authorised and issued:<br />
101,000 ordinary shares of u10 each, 100,999 of which are fully paid up and are held by SARL Paris<br />
<strong>Properties</strong> and 1 of which is fully paid up and is held by SAS SPCR.<br />
Loan Capital:<br />
Commercial Mortgage Loan Agreement (to be advanced on or about the Closing Date)<br />
u29,211,000<br />
Save for the foregoing, at the date of this document, Immobiliere Ménelas has no borrowings or<br />
indebtedness in the nature of borrowings (including loan capital issued, or created but unissued), term<br />
loans, liabilities under acceptances or acceptance credits, mortgages, charges or guarantees or other<br />
contingent liabilities. All loan capital is secured over the assets of Immobiliere Ménelas.<br />
151