FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

Manager (‘‘Gérant’’)
The manager of Paris Properties and its business address and other principal activities are:
Name Business Address Other Principal Activities
Mr. Jean-Pierre Raynal
36 avenue Hoche
Manager of Paris Properties
75008 Paris
2PI S.C.I.
Proudreed France Borrowers
Introduction
2PI S.C.I. (‘‘2PI’’) was incorporated in Paris on 12 November 2003 (registered number 450 750 435) as a
private company with limited liability under the laws of France. The registered office of 2PI is at 36 avenue
Hoche, 75008 Paris. The authorised share capital of 2PI is u1,000, divided into 100 ordinary shares of u10
each, 99 of which are fully paid up and are held by Proudreed France and 1 is fully paid up and is held
by Proudreed Limited.
Principal Activities
The principal objects of 2PI 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
activity is dedicated to the purchase, ownership, use, administration and management, by means of
renting the properties or otherwise, of properties to be built on plots of land which have been
purchased beforehand, or of any other property the company may own;
– the purchase or subscription of shares of any company whose main object is to facilitate directly or
indirectly the possession of commercial or industrial properties, whether already built or to be built,
with a view to renting such properties;
– any transactions (whether property related or not) which directly or indirectly further the aims of one
of the above mentioned objects, or are useful or necessary for the management of the assets of the
company or which may facilitate the above objects, and namely:
• borrowing or more generally raising funds, by itself or with other companies (whether the
company is liable on a several basis or on a joint and several basis with the other companies
pursuant to such transactions);
• granting any security interest (‘‘sûreté réelle’’) or guarantee (‘‘sûreté personnelle’’) or entering into
any agreement whose effect or object is to guarantee the performance of the obligations (such as
the mortgages, liens, pledges, assignment of receivables) and in particular granting such security
interest or guarantee (or entering into such acts) in order to guarantee the performance by a third
party of its obligations;
– and generally all transactions (whether financial, commercial, industrial, non-commercial, property or
capital) directly or indirectly concerning the above-mentioned object or any similar or related objects
and which, in any case, directly or indirectly further the expansion or achievement of such goals, with
the exception of those transactions pursuant to which the company may lose its status as a civil
company.
2PI 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 private limited company under the laws of
France, the authorisation of the documents and matters referred to or contemplated in this document to
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