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 Numbers | Nos. of Shares
| |
| From | To | ||
| 008 | 00000001 | 00005200 | 5200 |
| Total | 5200 | ||
‘B’
Total 3600 (three thousand six hundred) shares of Tk. 100 (one hundred) each held by Mr. C.
Folio:
| Certificates Nos. | Distinctive Numbers | Nos. of Shares
| |
| From | To | ||
| 002 | 00007201 | 00010800 | 3600 |
| Total | 3600 | ||
‘C’
Total 3600 (three thousand six hundred) shares of Tk. 100 (one hundred) each held by Mr. E.
Folio:
| Certificates Nos. | Distinctive Numbers | Nos. of Shares
| |
| From | To | ||
| 003 | 00010801 | 00014400 | 3600 |
| Total | 3600 | ||
‘D’
Total 3600 (three thousand six hundred) shares of Tk. 100 (one hundred) each held by Mr. G.
Folio:
| Certificates Nos. | Distinctive Numbers | Nos. of Shares
| |
| From | To | ||
| 004 | 00014401 | 00018000 | 3600 |
| Total | 3600 | ||
‘E’
Total 1000 (one thousand) shares of Tk. 100 (one hundred) each held by Mr. I.
Folio:
| Certificates Nos. | Distinctive Numbers | Nos. of Shares
| |
| From | To | ||
| 005 | 00018001 | 00019000 | 1000 |
| Total | 1000 | ||
‘F’
Total 900,000 (nine hundred thousand) shares of Tk. 100 (one hundred) each held by COMPANY 1 .
Folio:
| Certificates Nos. | Distinctive Numbers | Nos. of Shares
| |
| From | To | ||
| 007 | 00020001 | 00920000 | 900000 |
| Total | 900000 | ||
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
| Lenders | Participation in the Term Loan Facility (BDT in million) | Lending Office | |
| BANK1 | 200.00 | Head Office61 Dilkusha C/A Dhaka 1000 | |
| BANK2 | 100.00 | Head Office6-8 Dilkusha C/A Dhaka 1000 | |
| BANK 3 | 200.00 | SCB House67, Gulshan Avenue Gulshan Dhaka – 1200 | |
| BANK4 | 100.00 | Head OfficeMetropolitan Chamber Building (3rd floor) 122-124, Motijheel C/A Dhaka-1000 | |
| BANK5 | 150.00 | Head Office90 Motijheel C/A 2nd Floor Dhaka 1000 | |
| BANK 6 | 150.00 | Head OfficeBSB Building (18th floor) 8 Rajuk Avenue Dhaka 1000 | |
| COMPANY 2 | 200.00 | UTC Building (Level 16)8, Panthapath Kawranbazar GPO Box 619 Dhaka 1215 | |
| COMPANY 3 | 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 | Y 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