Letter of lien on shares

30. Jan, 2011

LETTER OF LIEN ON SHARES

This LETTER OF LIEN ON SHARES is executed on this the ____ day of _______________________, 2008:

BY

Parties 1-2 are both sponsors of X HOLDINGS LIMITED, a private limited company incorporated under the laws of the People’s Republic of Bangladesh, having its registered office at United House, 10 Gulshan Avenue, Gulshan 1, Dhaka (the ‘Company’), hereinafter collectively referred to as the “Sponsors” and individually as “Sponsor” (which expression shall unless excluded by or repugnant to the context mean and include their heirs, legal representatives, administrators and assigns);

IN FAVOUR OF:

WHEREAS

Wherever any expressed term is used in this Agreement and not defined hereunder, it shall have the same meaning as expressed and defined in the Term Loan Agreement.

NOW THIS LETTER WITNESSES as follows:

SCHEDULE I

DETAILS OF THE SECURITIES

‘A’

Total 2000 (two thousand) shares of Tk. 100 (one hundred) each held by Mr. A.

Folio:

Certificates Nos. Distinctive Numbers Nos. of Shares

 
From To
009 00005201 00007200 2000
Total 2000

‘B’

Total 1000 (one thousand) shares of Tk. 100 (one hundred) each held by Mr. C.

Folio:

Certificates Nos. Distinctive Numbers Nos. of Shares

 
From To
006 00019001 00020000 1000
Total 1000

Total 3,000 (three thousand) shares and all dividends, interests or other distributions and all allotments, accretions, offers, rights, benefits and advantages whatsoever at any time accruing offered or arising in respect of the same whether by way of conversion, redemption, bonus, preference, option or otherwise but the Lenders and/or the Agent not shall in any circumstances incur any liability whatsoever in respect of any calls, instalments or otherwise in connection with the Securities.

SCHEDULE II – LIST OF TERM LOAN LENDERS

Lenders Participation in the Term Loan Facility (BDT in million) Lending Office
Mercantile Bank Limited 200.00 Head Office61 Dilkusha C/A

Dhaka 1000
Mutual Trust Bank Limited 100.00 Head Office6-8 Dilkusha C/A

Dhaka 1000
Standard Chartered Bank 200.00 SCB House67, Gulshan Avenue

Gulshan

Dhaka – 1200
Standard Bank Limited 100.00 Head OfficeMetropolitan Chamber Building (3rd floor)

122-124, Motijheel C/A

Dhaka-1000
Uttara Bank Limited 150.00 Head Office90 Motijheel C/A

2nd Floor

Dhaka 1000
International Finance Investment and Commerce (IFIC) Bank Limited 150.00 Head OfficeBSB Building (18th floor)

8 Rajuk Avenue

Dhaka 1000
Infrastructure Development Company Limited 200.00 UTC Building (Level 16)8, Panthapath

Kawranbazar

GPO Box 619

Dhaka 1215
Saudi-Bangladesh Industrial and Agricultural Investment Company Limited 50.00 BRAC Centre (Level 11)75 Mohakhali

Dhaka 1212

IN WITNESS WHEREOF WE SIGN AND EXECUTE THIS LETTER OF LIEN ON SHARES ON THE DAY, MONTH AND YEAR MENTIONED ABOVE.

THE SPONSORS A

C

 
IN WITNESS THEREOF:  1.2.

 

Drafted by:

 For: “The Lawyers & Jurists”
M.L.Hotel Tower Ltd,208,Shahid Syed Nazrul Islam Sarani,
Bijoy Nagar, Dhaka-1000.
www.lawyersnjurists.com

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