Letter of lien on shares

LETTER OF LIEN ON SHARES

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

BY

Parties 1-6 are all 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 5200 (Five thousand two hundred) shares of Tk. 100 (one hundred) each held by Mr. Y.

Folio:

Certificates Nos.Distinctive NumbersNos. of Shares

 

FromTo
00800000001000052005200
Total5200

‘B’

Total 3600 (three thousand six hundred) shares of Tk. 100 (one hundred) each held by Mr. C.

Folio:

Certificates Nos.Distinctive NumbersNos. of Shares

 

FromTo
00200007201000108003600
Total3600

‘C’

Total 3600 (three thousand six hundred) shares of Tk. 100 (one hundred) each held by Mr. E.

Folio:

Certificates Nos.Distinctive NumbersNos. of Shares

 

FromTo
00300010801000144003600
Total3600

‘D’

Total 3600 (three thousand six hundred) shares of Tk. 100 (one hundred) each held by Mr. G.

Folio:

Certificates Nos.Distinctive NumbersNos. of Shares

 

FromTo
00400014401000180003600
Total3600

‘E’

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

Folio:

Certificates Nos.Distinctive NumbersNos. of Shares

 

FromTo
00500018001000190001000
Total1000

‘F’

Total 900,000 (nine hundred thousand) shares of Tk. 100 (one hundred) each held by COMPANY 1 .

Folio:

Certificates Nos.Distinctive NumbersNos. of Shares

 

FromTo
0070002000100920000900000
Total900000

Total 917,000 (nine hundred seventeen 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 LENDERS

LendersParticipation in the Term Loan Facility (BDT in million)Lending Office
BANK1200.00Head Office61 Dilkusha C/A

Dhaka 1000

BANK2100.00Head Office6-8 Dilkusha C/A

Dhaka 1000

BANK 3200.00SCB House67, Gulshan Avenue

Gulshan

Dhaka – 1200

BANK4100.00Head OfficeMetropolitan Chamber Building (3rd floor)

122-124, Motijheel C/A

Dhaka-1000

BANK5150.00Head Office90 Motijheel C/A

2nd Floor

Dhaka 1000

BANK 6150.00Head OfficeBSB Building (18th floor)

8 Rajuk Avenue

Dhaka 1000

COMPANY 2200.00UTC Building (Level 16)8, Panthapath

Kawranbazar

GPO Box 619

Dhaka 1215

COMPANY 350.00BRAC 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 SPONSORSY

C

E

G

I

COMPANY 1

_____________________________

Name:

Designation:

 

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