FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
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• 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 />
PPMPP has not engaged, since its incorporation, in any activities other than those described in its<br />
corporate purpose and those incidental thereto and registration as a private limited company under the<br />
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, PPMPP has not, since its incorporation, engaged in any activities.<br />
Manager (‘‘Gérant’’)<br />
The manager of PPMPP 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 PPMPP<br />
75008 Paris<br />
PPMPP has no employees.<br />
Capitalisation and Indebtedness Statement<br />
It is estimated that the capitalisation of PPMPP on or about the Closing Date will be as follows:<br />
Share Capital:<br />
Authorised and issued:<br />
3,007,500 ordinary shares of u1 each, 3,007,499 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 />
u75,887,000<br />
Save for the foregoing, at the date of this document, PPMPP has no borrowings or indebtedness in the<br />
nature of borrowings (including loan capital issued, or created but unissued), term loans, liabilities under<br />
acceptances or acceptance credits, mortgages, charges or guarantees or other contingent liabilities.<br />
Auditors’ Report<br />
The following is the text of a report dated 14 June <strong>2005</strong> received by the manager of PPMPP from Mazars<br />
& Guerard, the registered auditors to PPMPP. The financial information contained therein comprises<br />
PPMPP’s statutory accounts. Statutory accounts were delivered each year to the companies’ registrar<br />
(‘‘greffe du tribunal de commerce’’) since incorporation. PPMPP’s accounting year end is 31 December<br />
with the first statutory accounts being drawn up to 31 December 2002.<br />
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