Registration Statement of a Foreign Private Issuer for Securities Issued in a Business-Combination Transaction — Form F-4 Filing Table of Contents
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1: F-4 Registration Statement of a Foreign Private Issuer HTML 1.64M
for Securities Issued in a
Business-Combination Transaction
2: EX-3.1 Articles of Incorporation/Organization or By-Laws HTML 31K
11: EX-3.10 Articles of Incorporation/Organization or By-Laws HTML 31K
12: EX-3.11 Articles of Incorporation/Organization or By-Laws HTML 31K
13: EX-3.12 Articles of Incorporation/Organization or By-Laws HTML 31K
3: EX-3.2 Articles of Incorporation/Organization or By-Laws HTML 26K
4: EX-3.3 Articles of Incorporation/Organization or By-Laws HTML 31K
5: EX-3.4 Articles of Incorporation/Organization or By-Laws HTML 33K
6: EX-3.5 Articles of Incorporation/Organization or By-Laws HTML 32K
7: EX-3.6 Articles of Incorporation/Organization or By-Laws HTML 30K
8: EX-3.7 Articles of Incorporation/Organization or By-Laws HTML 29K
9: EX-3.8 Articles of Incorporation/Organization or By-Laws HTML 27K
10: EX-3.9 Articles of Incorporation/Organization or By-Laws HTML 30K
14: EX-4.1 Instrument Defining the Rights of Security Holders HTML 595K
15: EX-4.3 Instrument Defining the Rights of Security Holders HTML 151K
16: EX-5.1 Opinion re: Legality HTML 23K
17: EX-5.2 Opinion re: Legality HTML 28K
18: EX-10.1 Material Contract HTML 140K
27: EX-10.10 Material Contract HTML 53K
28: EX-10.11 Material Contract HTML 51K
29: EX-10.12 Material Contract HTML 46K
30: EX-10.13 Material Contract HTML 55K
31: EX-10.14 Material Contract HTML 58K
32: EX-10.15 Material Contract HTML 58K
33: EX-10.16 Material Contract HTML 55K
34: EX-10.17 Material Contract HTML 50K
35: EX-10.18 Material Contract HTML 49K
36: EX-10.19 Material Contract HTML 54K
19: EX-10.2 Material Contract HTML 63K
37: EX-10.20 Material Contract HTML 104K
20: EX-10.3 Material Contract HTML 33K
21: EX-10.4 Material Contract HTML 24K
22: EX-10.5 Material Contract HTML 63K
23: EX-10.6 Material Contract HTML 61K
24: EX-10.7 Material Contract HTML 63K
25: EX-10.8 Material Contract HTML 60K
26: EX-10.9 Material Contract HTML 63K
38: EX-11.1 Statement re: Computation of Earnings Per Share HTML 27K
39: EX-21.1 Subsidiaries of the Registrant HTML 23K
40: EX-23.1 Consent of Experts or Counsel HTML 18K
41: EX-23.2 Consent of Experts or Counsel HTML 18K
42: EX-23.3 Consent of Experts or Counsel HTML 18K
43: EX-25.1 Statement re: Eligibility of Trustee HTML 182K
44: EX-99.1 Miscellaneous Exhibit HTML 51K
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Exhibit 10.7
SHARE PLEDGE AGREEMENT
dated 22 January, 2004
between
SWEBUS FASTIGHETER AB
as Pledgor
and
Deutsche Trustee
Company Limited
as Security Trustee
in respect of shares in
Alpus AB, Enköping-Bålsta Fastighetsbolag AB and Malmfältens Omnibus AB
ADVOKATFIRMAN LINDAHL
THIS
SHARE PLEDGE AGREEMENT is dated 22 January, 2004 and made between:
(1)
SWEBUS FASTIGHETER AB (a company incorporated under the laws of Sweden) of c/o Swebus AB, Solna Strandväg 78, 171 54
Solna, Sweden (corporate identity no 556031-3354), (the "Pledgor"); and
(2)
DEUTSCHE TRUSTEE COMPANY LIMITED of Winchester House; 1 Great Winchester Street; London EC2N 2DB, on its own behalf and as duly
authorised representative of each of the Secured Parties (the "Security Trustee", which expression shall include each successor Security Trustee
appointed from time to time).
WHEREAS:
a)
by
an indenture made among the Pledgor, Swebus AB, Swebus Express AB, Interbus AB, Swebus Busco AB, Alpus AB, Enköping-Bålsta Fastighets AB,
Malmfältens Omnibus AB, Concordia Bus Finland Oy Ab, Ingenjor M.O. Schoyen Bilcentraler AS, Concordia Bus Nordic Holding AB as guarantors, Concordia Bus Nordic AB (publ) (the
"Issuer") and Deutsche Bank Trust Company Americas as trustee (the "Trustee"), dated 22 January, 2004
(the "Indenture") the Issuer has issued senior secured notes in the aggregate principal amount of € 130,000,000 (the
"Notes");
b)
the
Pledgor has pursuant to the Indenture issued a guarantee dated 22 January, 2004 (the "Guarantee") in favour of the Holders (as
defined below), the Trustee and the Security Trustee;
c)
the
Pledgor owns 10,000 shares of Alpus Aktiebolag (corporate identity no 556011-8571), 1,500 shares of Enköping-Bålsta Fastighetsbolag
Aktiebolag (corporate identity no 556012-9388) and 960 shares of Malmfältens Omnibus Aktiebolag (corporate identity no 556032-0359), (the
"Companies", and each of them a "Company"), representing 100 per cent of the registered and
paid-up share capital of each of the Companies;
d)
it
is a condition precedent of the Indenture that the Pledgor enters into this Agreement and hereby secures the Secured Obligations (as defined below); and
e)
the
Security Assets (as defined below) presently are held by Nordea Bank Norge ASA ("Nordea") as a first priority security under an
amended and restated facility agreement dated February 15, 2002 (the "Senior Facility").
IT IS HEREBY AGREED as follows:
1. DEFINITIONS AND INTERPRETATION
1.1
In
this Agreement:
"Closing Date" means the date on which (i) the proceeds of the Notes have been received by the Trustee and (ii) the Senior Facility has
been discharged by payment to Nordea of an amount of such proceeds sufficient to prepay the Senior Facility in full;
"Dividends" means all dividends in cash or in kind and all interest paid or payable after the date hereof on the Shares and the Subsequent Instruments
or any of them;
"Finance Documents" means the Security Documents, the Guarantee and the Indenture;
"Holders" means, from time to time, the holders of the Notes, and a "Holder" means any one of them;
"Nordea Pledge" means the pledge over the Security Assets under the Senior Facility;
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"Proceeds" means the proceeds from the sale of Security Assets, together with any moneys received by the Security Trustee in respect of the Security
Assets, after deduction of all costs and expenses (including legal fees) incurred by the Secured Parties in connection with the enforcement of this Agreement and the sale of the Security Assets;
"Secured Obligations" means all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally or in
any other capacity whatsoever) of the Pledgor under the Guarantee, together with all costs, charges and expenses incurred by any Secured Party in connection with the protection, preservation or
enforcement of its respective rights under the Guarantee;
"Secured Parties" means each and all of the Security Trustee and the Trustee (as represented by the Security Trustee) on their own behalf and as duly
authorized representative of the Holders;
"Security Assets" means the Shares, the Subsequent Instruments, the Dividends and the Proceeds;
"Security Documents" means this Agreement and any other agreement or documents defined as a Security Document in the Indenture;
"Shares" means all shares presently issued by the Companies and represented by the Share Certificates;
"Share Certificates" means the share certificates representing the Shares; and
"Subsequent Instruments" means all shares, certificates, convertible debt instruments and other securities, rights, moneys or property accruing or
offered at any time by way of redemption, bonus, preference, option rights or otherwise to or in respect of any of the Shares or in substitution or exchange for any of the Shares;
1.2
In
this Agreement, unless the contrary intention appears, a reference to:
a)
a
provision of law is a reference to that provision as amended or re-enacted;
b)
a
person includes its successors and assigns; and
c)
any
document is a reference to that document as amended, novated or supplemented.
1.3
Terms
defined in the Indenture shall have the same meanings when used in this Agreement unless otherwise defined in this Agreement.
1.4
If
either the Security Trustee or the Trustee considers that in respect of an amount paid to a Secured Party under a Finance Document there is a reasonable risk that such payment will
be avoided or otherwise set aside upon the liquidation or bankruptcy of the payer or otherwise, then that amount shall not be considered to have been irrevocably paid for the purposes of this
Agreement.
2. PLEDGE OF SECURITY ASSETS
2.1
The
Pledgor hereby irrevocably and unconditionally, on the terms and conditions set out herein, pledges to each of the Secured Parties represented by the Security Trustee in its
capacity as duly authorised representative of the Secured Parties and on its own behalf all of the Pledgor's rights, title and interest in and to the Security Assets for the purpose of constituting a
first priority pledge to secure the due and punctual performance of the Secured Obligations.
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3. PERFECTION OF SECURITY
3.1
The
Pledgor shall immediately upon the execution of this Agreement deliver to a third party as directed by the Security Trustee the Share Certificates duly endorsed in blank or
procure that such delivery is made in accordance with Clause 3.4 below. Should any shares be issued in the future, the Pledgor shall promptly deliver to a third party as directed by the
Security Trustee any share certificates evidencing such shares duly endorsed in blank together with any coupons and another documents pertaining thereto.
3.2
The
Pledgor shall notify each Company of the pledge over the Shares created by this Agreement by sending a notice to each of the Companies in the form set out in Schedule 1, and procure that each of
the Companies acknowledges receipt of such notice and registers the pledge created by this Agreement in the
share register of each of the Companies. The Pledgor shall further procure that each of the Companies provides a certified copy of their share registers to the Security Trustee.
3.3
Upon
the issue of any Subsequent Instrument, the Pledgor shall promptly deliver to a third party as directed by the Security Agent or procure the delivery to a third party as directed
by the Security Agent of all documents of title in respect of such Subsequent Instrument together with such other documents as the Security Agent in its absolute discretion may consider appropriate.
3.4
On
the Closing Date the Pledgor shall procure
a)
that
a third party as directed by the Security Trustee receives from Nordea all Share Certificates, which shall be duly endorsed in blank by the Pledgor, whereupon a third party as
directed by the Security Trustee shall hold the Share Certificates as duly authorised representative of the Secured Parties;
b)
that
Nordea notifies the Companies of the release of the Nordea Pledge over the Shares;
c)
that
the Companies register the release of the Nordea Pledge in their share registers; and
d)
that
the Companies provide a certified copy of their share registers to the Security Trustee.
4. REPRESENTATIONS AND WARRANTIES
4.1
The
Pledgor represents and warrants to each of the Secured Parties that:
a)
the
Pledgor is a limited liability company duly incorporated and validly existing under the laws of Sweden;
b)
the
Pledgor has the power to enter into, deliver and perform, and has taken all necessary action to authorise the entry into, delivery and performance of this Agreement and the
transactions contemplated by this Agreement;
c)
this
Agreement constitutes legally valid and binding obligations of the Pledgor enforceable in accordance with its terms (except as such enforcement may be limited by any relevant
bankruptcy, insolvency, receivership or similar laws affecting creditors' rights generally);
d)
this
Agreement does not and will not breach or constitute a default under the constitutional documents of the Pledgor or any document, instrument or obligation, law or regulation to
which the Pledgor is a party or by which it is bound;
e)
this
Agreement constitutes a first priority pledge enforceable against the Pledgor and a liquidator or receiver of the Pledgor and third party creditors of the Pledgor;
4
f)
all
necessary consents and authorisations required in relation to the entry into, performance, validity and enforceability of this Agreement have been obtained and are in full force
and effect;
g)
the
Pledgor is the sole, absolute and beneficial owner of the Security Assets;
h)
the
Companies are limited liability companies duly incorporated and validly existing under the laws of Sweden;
i)
the
Shares represent 100 per cent of all the issued shares of each of the Companies;
j)
the
Shares have been fully paid up; and
k)
other
than as created pursuant to this Agreement the Security Assets are free from any encumbrances and any options or rights of pre-emption.
4.2
The
representations and warranties set out in Clause 4.1 are made on the date of this Agreement and are deemed to be repeated by the Pledgor on each date for interest payment
under the Indenture with reference to the facts and circumstances then existing.
5. COVENANTS
5.1
The
Pledgor hereby covenants with each of the Secured Parties that during the continuance of this Agreement the Pledgor will:
a)
not
sell, transfer or otherwise dispose of the Security Assets or any part thereof or interest therein or permit the same to occur;
b)
not
grant any option in the Security Assets;
c)
not
create or permit to subsist any Lien on, over, with respect to or otherwise affecting the whole or any part of the Security Assets (other than Permitted Liens under the Indenture
and except for the rights of the Secured Parties under this Agreement);
d)
immediately
on conversion of any Security Assets from certificated to uncertificated form, give such instructions or directions, including but not limited to a notification to VPC
Värdepapperscentralen AB, as the Security Trustee may require in order to protect and preserve the pledge to the Secured Parties;
e)
immediately
upon the issue of any Subsequent Instruments, deliver to the Security Trustee or procure the delivery to the Security Trustee of documents of title in respect of such
Subsequent Instruments together with such other documents as the Security Trustee in its absolute discretion may consider appropriate;
f)
not
hold any security from any other person in respect of the Pledgor's liability under this Agreement; and
g)
the
Pledgor shall, and shall procure that the Companies shall, at any time, if and when required by the Security Trustee and at the Pledgor's cost, promptly and duly do all such
further acts and execute and deliver any and all such further documents as may in the opinion of the Security Trustee be necessary in order to give full effect to this Agreement and to secure to the
Security Trustee the full benefit of the rights, powers and remedies conferred upon it in this Agreement, and the Pledgor shall use its best endeavours to obtain third party consent where such consent
is required in order to give full effect to such act or document.
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6. EXERCISE OF SHAREHOLDER RIGHTS
6.1
Provided
that no Default or Event of Default has occurred, the Pledgor shall be entitled to exercise or cause to be exercised any voting rights and the right to receive Dividends
attached to the Security Assets.
6.2
The
Pledgor shall not, except as permitted by the terms of the Indenture, without the prior written consent of the Security Trustee, vote for any resolution of the shareholders of any
of the Companies, and shall procure that the directors of any of the Companies shall not, except as permitted by the terms of the Indenture, without such consent vote for any resolution of the board
of any of the Companies
a)
authorising
an issue of Subsequent Instruments or a redemption of Security Assets;
b)
for
the liquidation or winding up of any of the Companies (unless required by mandatory legislation);
c)
for
the commencement of proceedings or any other actions which may adversely affect the effectiveness or value of the Security Assets;
d)
which
would impede the ability of the Security Trustee to transfer the security granted hereunder in accordance with this Agreement; or
e)
which
would in any way be inconsistent with the provisions of the Finance Documents.
6.3
Upon
the occurrence of and during the continuance of a Default or Event of Default, the Security Trustee shall have the exclusive right to (i) exercise or cause to be exercised
any voting rights and (ii) receive any Dividends which may be applied by the Security Trustee as though they were Proceeds.
6.4
The
Pledgor shall issue irrevocable powers of attorney to the Security Trustee in form and substance satisfactory to the Security Trustee as set out in Schedule 2, authorising the Security Trustee to
vote for the Shares at shareholders' meetings of the Companies. The powers of attorney shall be
renewed annually at the request of the Security Trustee. The Pledgor shall further promptly furnish the Security Trustee with copies of notices of shareholders' meetings and all other corporate
documents which the Pledgor receives in its capacity as a shareholder of the Companies.
6.5
The
Pledgor hereby irrevocably and unconditionally undertakes to refrain from making use of any pre-emption rights or other such rights under the articles of association
of any of the Companies or any agreement that the Pledgor may have in relation to or following the sale of the Security Assets or any of them pursuant to this Agreement.
7. CONTINUING SECURITY
7.1
The
security constituted by this Agreement shall be a continuing security and shall not be considered as satisfied or discharged by any intermediate payment or settlement of the whole
or any part of the Secured Obligations and shall be binding until all the Secured Obligations have been irrevocably paid and discharged in full.
7.2
Until
all the Secured Obligations have been irrevocably paid and discharged in full any Secured Parties may refrain from applying or enforcing any other security, moneys or rights
held or received by that Secured Party or apply and enforce the same in such manner and order as the Secured Party or the Security Trustee sees fit and the Pledgor shall not be entitled to the benefit
of the same and waives any right it may have of first requiring a Secured Party or the Security Trustee to proceed against or enforce any other right or security or claim payment from any other person
before enforcing this Agreement.
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7.3
This
Agreement is in addition to any present and future guarantee, collateral, lien or other security held by the Security Trustee. The Secured Parties' rights hereunder are in
addition to and not exclusive of those provided by law and may be exercised from time to time and as often as the Security Trustee deems expedient.
8. ENFORCEMENT OF PLEDGE
8.1
Upon
the Security Trustee serving notice on the Pledgor following the occurrence of a Default or an Event of Default demanding the immediate repayment of any outstanding amount of the
Secured Obligations and at all times thereafter, so long as the same shall be continuing, the Security Trustee may, in addition to any other remedies provided herein or in the Indenture or by
applicable law, sell the Shares or any part thereof to a third party, for cash or other value, publicly or privately in such manner and on such terms, acting with due care, as the Security Trustee in
its sole discretion deems fit, after the Security Trustee has given the Pledgor seven (7) business days prior notice of the time and place of any public sale or, as the case may be, the time
after which a private sale may be made, and the Security Trustee shall not be liable for any loss arising from or in connection with the realisation of the Shares or any part thereof provided that it
has acted with due care.
8.2
All
costs and expenses (including legal fees) incurred by the Security Trustee and the Trustee in connection with the enforcement of the security created by this Agreement shall be
borne by the Pledgor and the Pledgor shall indemnify and hold the Security Trustee harmless in respect of such costs and expenses.
8.3
Chapter
10 Section 2 of the Swedish Commercial Code (Sw: Handelsbalken 10:2) shall not apply to the this Agreement.
8.4
All
moneys received by the Security Trustee in exercise of the rights, powers and remedies under this Agreement or by law shall be applied by the Security Trustee in the manner and
order set out in the Indenture.
8.5
For
the purpose of enforcing the security created by this Agreement upon the occurrence of a Default or an Event of Default, the Pledgor irrevocably authorises and empowers the
Security Trustee to act in the name of the Pledgor, and on behalf of the Pledgor to do all acts and take any necessary or appropriate steps in respect of the sale of the Security Assets. The power of
attorney set out in this Clause 8.5 and Schedule 3 shall be valid for as long as this Agreement remains in force.
9. DISCHARGE OF SECURITY ASSETS
9.1
Subject
to Clause 7.1, upon the irrevocable payment or discharge in full of the Secured Obligations the Security Trustee shall or shall procure that its nominees or agents
shall (as the case may be) at the request and cost of the Pledgor transfer to the Pledgor all the right, title and interest in or to the Security Assets of the Security Trustee and the Secured Parties
free from the security in this Agreement.
9.2
Any
release, discharge or settlement between the Pledgor and the Security Trustee in relation to this Agreement shall be conditional upon no disposition or payment to the Security
Trustee or any Secured Party by the Pledgor or any other person being avoided, set aside or ordered to be refunded pursuant to any law relating to insolvency or for any other reason.
9.3
If
any such disposition or payment is avoided, set aside or ordered to be refunded the Pledgor shall retransfer the Share Certificates to the Security Trustee and the Security Trustee
shall be entitled to enforce this Agreement against the Pledgor as if such release, discharge or settlement had not occurred and any such disposition or payment not been made.
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10. THE SECURITY TRUSTEE
10.1
The
Security Trustee shall at all times act as the duly authorised representative (Sw: befullmäktigat ombud) of the
Secured Parties and shall, when exercising its rights and fulfilling its obligations under this Agreement, comply with the relevant provisions of the Security Trustee Agreement (as defined in the
Indenture).
10.2
The
Security Trustee may at any time (1) delegate to any person all or any of its rights, powers and discretions under this Agreement on such terms (including the power to
subdelegate) as the Security Trustee sees fit and (2) employ agents, managers, employees, advisers and others on such terms as the Security Trustee sees fit for any of the purposes set out in
this Agreement, provided that in each such case it uses due care in selecting such delegate.
11. WAIVERS
11.1
The
Pledgor agrees that if the security created by this Agreement is enforced it will not exercise and hereby waives any right which the Pledgor might otherwise have against any
other person by reason of subrogation or otherwise
a)
to
take the benefit of any security granted to the Secured Parties pursuant to any Finance Document; and/or
b)
to
be indemnified by any other person
and
any such person is hereby irrevocably released from all obligations in respect of such a claim.
8
11.2
The
liability of the Pledgor under this Agreement shall not be prejudiced, affected or diminished by any act, omission, circumstance or matter which but for this provision might
operate or release or otherwise exonerate the Pledgor from its obligations under this Agreement in whole or in part, including without limitation and whether or not known to the Pledgor or any Secured
Party:
a)
any
time or waiver granted to, or composition with, any other person;
b)
the
taking, variation, compromise, renewal or release of or refusal or neglect to perfect or enforce any rights, remedies or securities against any other person;
c)
any
legal limitation, disability, incapacity or other circumstances or the bankruptcy, liquidation or change in the name or constitution of any other person;
d)
any
variation or extension, any increase, exchange, renewal, surrender, release or loss of or failure to perfect any security or of any non-observance of any formality in
respect of any instruments; and
e)
any
unenforceability or invalidity of the Secured Obligations or of any obligations of any other person or security, to the intent that the Pledgor's obligations under this Agreement
shall remain in full force and this Agreement be construed accordingly as if there were no such unenforceability or invalidity.
11.3
Any
waiver by the Security Trustee or any Secured Party of any terms of this Agreement or any consent or approval given by any of them under it shall be effective only if given in
writing and then only for the purpose and upon the terms and conditions (if any) on which it is given. No delay or omission on the part of the Security Trustee or any Secured Party in exercising any
right or remedy under this Agreement shall impair that right or remedy or operate as or be taken to be a waiver of it nor shall any single, partial or defective exercise of any such right or remedy
preclude any other or further exercise under this Agreement of that or any other right or remedy.
12. INDEMNITY
12.1
The
Pledgor will fully indemnify and hold harmless each Secured Party in respect of all liabilities and expenses incurred by it (1) in the execution or purported execution of
any rights, powers or discretion in accordance with this Agreement, (2) in the preservation or enforcement of its rights under this Agreement or (3) on the release of any part of the
Security Assets from the security created by this Agreement, unless it is finally judicially determined that such liability or expense has resulted from the gross negligence or wilful misconduct of
such Secured Party.
12.2
The
Pledgor shall on demand and on a full indemnity basis pay to the Security Trustee the amount of all costs and expenses and other liabilities (including legal and
out-of-pocket expenses and any tax or value added tax on such costs and expenses) which the Security Trustee or any Secured Party incurs in connection with:
a)
the
preparation, negotiation, execution and delivery of this Agreement;
b)
any
payment of stamp duty or stamp duty reserve tax or registration fees in respect of the pledge created hereunder or any transfer of the Security Assets pursuant hereto;
c)
any
actual or proposed amendment or waiver or consent under or in connection with this Agreement:
d)
any
discharge or release of the pledge in this Agreement; or
9
e)
the
preservation or exercise (or attempted preservation or exercise) of any rights under or in connection with and the enforcement (or attempted enforcement) of the pledge or any other
right in this Agreement;
unless
it is finally judicially determined that such liability or expense has resulted from the gross negligence or wilful misconduct of the Security Trustee.
13. MISCELLANEOUS
13.1
The
Pledgor may not assign any of its rights under this Agreement. Each Secured Party may assign all or any part of their rights under this Agreement in accordance with, and in
connection with a transfer under, the Indenture.
13.2
This
Agreement shall remain in full force and effect notwithstanding any amendments or variations from time to time to any of the Finance Documents and all references to a Finance
Document herein shall be taken as referring to that Finance Document as amended or varied from time to time (including, without limitation, any increase in the amount of the Secured Obligations).
13.3
If
any provision of this Agreement is or becomes illegal, invalid or unenforceable that shall not affect the validity or enforceability of any other provision of this Agreement.
13.4
This
Agreement may be executed in any number of counterparts and this shall have the same effect as if the signatures on the counterparts were on a single copy of this Agreement.
13.5
All
sums payable by the Pledgor under this Agreement shall be paid without any set-off, counterclaim, withholding or deduction whatsoever unless required by law in which
event the Pledgor will, simultaneously with making the relevant payment under this Agreement, pay to the Security Trustee such additional amount as will result in the receipt by the Security Trustee
of the full amount which would otherwise have been receivable and will supply the Security Trustee promptly with evidence satisfactory to the Security Trustee that the Pledgor has accounted to the
relevant authority for the sum withheld or deducted.
13.6
Any
statement, certificate or determination of the Security Trustee as to the amount of the Secured Obligations or (without limitation) any other matter provided for in this
Agreement shall in the absence of manifest error be conclusive and binding on the Pledgor.
14. NOTICES
14.1
Each
notice or other communication to be given under this Agreement shall be given in writing in English and, unless otherwise provided, shall be made by fax or letter.
14.2
Any
notice or other communication to be given by one party to another under this Agreement shall (unless one party has by 15 days' notice to the other party specified another
address) be given to that other party at the respective addresses given in Clause 14.3.
14.3
The
address and fax number of the Pledgor and the Security Trustee are:
the
Pledgor:
Swebus
Fastigheter AB
Solna Strandväg 78
171 54 Solna
Attention:
Chairman of the Board
Fax: +46 8 546 300 10
10
the
Security Trustee:
Deutsche
Trustee Company Limited
Winchester House
1 Great Winchester Street
London EC2N 2DB
Attention:
Managing Director
Fax: +44 20 7547 6149
14.4
Any
notice or other communication given by one party to another shall be deemed to have been received:
a)
if
sent by fax, with a confirmed receipt of transmission from the sending machine, on the day on which transmitted;
b)
in
the case of a notice given by hand, on the day of actual delivery; and
c)
if
posted, on the second business day or, in the case of airmail, the fifth business day following the day on which it was despatched by first class mail postage prepaid or, as the
case may be, airmail postage prepaid;
provided
that a notice given in accordance with the above but received on a day which is not a business day or after normal business hours in the place of receipt shall be deemed to have been received
on the next business day.
15. GOVERNING LAW AND JURISDICTION
15.1
This
Agreement is governed by and shall be construed in accordance with Swedish law.
15.2
The
parties agree that the courts of Sweden shall have jurisdiction to settle any disputes which may arise in connection with this Agreement and that any final
(Sw. lagakraftvunnen) judgment or order of a Swedish court in connection with this Agreement is conclusive and binding on them and may be enforced
against them in the court of any other jurisdiction. This Clause 15.2 is for the benefit of the Secured Parties only and shall not limit the right of any of the Secured Parties to bring
proceedings against the Pledgor in connection with any Finance Document in any other court of competent jurisdiction or concurrently in more than one jurisdiction.
Signatories
The
Pledgor
Swebus
Fastigheter AB
The
Security Trustee
Deutsche
Trustee Company Limited
on its own behalf and as duly authorised
representative for each of the Secured Parties
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We
hereby acknowledge that we have been notified of the content of this Agreement:
The
Companies
ALPUS AB
ENKÖPING-BÅLSTA FASTIGHETSBOLAG AB
MALMFÄLTENS OMNIBUS AB
12
Schedule 1
To:
Each of the Companies
FORM OF NOTICE
Dear
Sirs,
This
is to notify you that under a pledge agreement between ourselves and Deutsche Trustee Company Limited on its own behalf and on behalf of the Secured Parties (the Security Trustee)
dated [insert date] 2004 (the Pledge Agreement) we have pledged to the Security Trustee all our rights, title and interest in all issued and outstanding shares of
[insert name of relevant companies] (the Companies) and all other shares issued by each of the Companies from time to time owned by ourselves (the Shares) together with all
dividends and other distributions and interest paid or payable after the date hereof on the Shares and all certificates, shares, securities (including any convertible debt instruments, warrants or the
dividends or interest thereon), rights, moneys or property accruing or offered at any time by way of redemption, bonus, preference, option rights or otherwise to or in respect of the Shares or in
substitution or exchange for the Shares (the Subsequent Instruments).
The
pledge created by the Pledge Agreement shall be registered in the share register of each of the Companies and the Security Trustee shall be registered as having the rights to the
Shares and the Subsequent Instruments as set out above. Please note that any dividend on the Shares shall be paid to ourselves until other instructions are given to you by the Security Trustee.
We
kindly request that you confirm your receipt and acknowledgement of the above by returning signed copies of this notification to each of the Security Trustee and ourselves.
[place],
[date]
Swebus
Fastigheter AB
Name:
We
hereby acknowledge receipt of this letter and confirm that the pledge has been noted in the share register. We further confirm that we will pay all dividends and other distributions to the Security
Trustee when so instructed in writing by the Security Trustee.
[Place],
[Date]
Name:
13
Schedule 2
Form of Power of Attorney
This
power of attorney is issued pursuant to a pledge agreement dated [ ], 2004 (the "Pledge
Agreement") made between Swebus Fastigheter AB (the "Pledgor") and Deutsche Trustee Company Limited on its own behalf and as
duly authorized representative of the secured parties (the "Security Trustee").
The
Pledgor hereby empowers any person duly appointed by the Security Trustee to attend all general meetings of the shareholders of [company](corporate identity
no. [ ]) as the Pledgor's representative and to vote at such general meeting for all shares in the company owned by the Pledgor.
This
power of attorney is irrevocable and will exclude the Pledgor from exercising the voting rights at the general meetings of the shareholders of the company.
This
power of attorney shall become effective form the date it is signed and it shall remain in force for one year from such date.
Date:
Swebus
Fastigheter AB
Name:
14
Schedule 3
POWER OF ATTORNEY
This power of attorney is issued pursuant to a pledge agreement dated [ ], 2004 (the "Pledge
Agreement") made between Swebus Fastigheter AB (the "Pledgor") and Deutsche Trustee Company Limited on its own behalf and as
duly authorized representative of the Secured Parties (the "Security Trustee").
The
Pledgor hereby, upon the occurrence of a Default or an Event of Default as defined in Pledge Agreement, irrevocably authorises and empowers the Security Trustee to act in the name of
the Pledgor, and on behalf of the Pledgor to do all acts and take any necessary or appropriate steps in respect of the sale of the Security Assets.
This
power of attorney shall become effective form the date it is signed and it shall be valid for as long as the Pledge Agreement remains in force.
