Document:

AMENDMENT NO. 1 TO LOAN AGREEMENT NO. 2

 

Exhibit 4.7

RAND A TECHNOLOGY CORPORATION

as Borrower

and

DASSAULT SYSTÈMES S.A.

as Euro Loan Lender

and

DASSAULT SYSTÈMES S.A.

as Security Agent

and

DASSAULT SYSTEMES CORPORATION

as U.S. Dollar Lender

AMENDMENT No. 1 to

LOAN AGREEMENT NO. 2 of JUNE 18, 2002 for U.S. $6,250,000 and € 6,615,000

October 11, 2002

STIKEMAN ELLIOTT

 

 

AMENDMENT No. 1 TO LOAN AGREEMENT No. 2 OF JUNE 18, 2002

     THIS AMENDMENT AGREEMENT entered into and taking effect as of October 11,
2002,

	 	 	 
	BETWEEN:	 	
RAND A TECHNOLOGY CORPORATION, a corporation incorporated under
the laws of the Province of Ontario, having its registered
address at 5285 Solar Drive, Mississauga, Ontario, Canada L4W
5B8,
	 	 	 
	 	 	
(hereinafter referred to as the “Borrower”);
	 	 	 
	AND:	 	
DASSAULT SYSTÈMES S.A., a corporation incorporated under the laws
of France, having its registered address at 9, Quai Marcel
Dassault, BP 310, 92156 Suresnes, Cedex, France,
	 	 	 
	 	 	
(hereinafter referred to as the “Euro Lender”);
	 	 	 
	AND:	 	
DASSAULT SYSTÈMES S.A., a corporation incorporated under the laws
of France, having its registered address at 9, Quai Marcel
Dassault, BP 310, 92156 Suresnes, Cedex, France,
	 	 	 
	 	 	
(hereinafter referred to as the “Security Agent”);
	 	 	 
	AND:	 	
DASSAULT SYSTEMES CORPORATION, a corporation incorporated under
the laws of the State of Delaware, having its registered address
at Corporation Trust Center, 1209 Orange Street, Wilmington,
County of New Castle, Delaware 19801 USA,
	 	 	 
	 	 	
(hereinafter referred to as the “U.S. Dollar Lender”).

     WHEREAS Borrower, Euro Lender, Security Agent and U.S. Dollar Lender
(collectively, the “Parties”) entered into a Loan Agreement No. 1, dated June
18, 2002, whereby Euro Lender agreed to lend €6,615,000 to the Borrower and
U.S. Dollar Lender agreed to lend U.S.$6,250,000 to the Borrower (the “Loan No.
1”);

     WHEREAS the Parties entered into a Loan Agreement No. 2, dated June 18,
2002, whereby Euro Lender agreed to lend €6,615,000 to the Borrower and U.S.
Dollar Lender agreed to lend U.S.$6,250,000 to the Borrower (the “Loan No. 2”);

     WHEREAS the First Tranche Advance Date, as such term is defined in Loan
No. 2, is February 14, 2003;

 

 

     WHEREAS the Borrower has requested that the terms of Loan No. 2 be amended
to change the First Tranche Advance Date from February 14, 2003 to October 14,
2002 (the “Change of the First Tranche Advance Date”), pursuant to the terms
hereof (the “Amending Agreement”);

     WHEREAS the Conversion Right, under Loan No. 2 provides that it is subject
to TSX approval;

     WHEREAS, in consideration for the Change of the First Tranche Advance
Date, the Parties wish to amend Loan No. 2 to so that the Conversion Right is
no longer subject to TSX approval, pursuant to the terms hereof; and

     WHEREAS the amendment to the Conversion Right under Loan No. 2 requires a
corresponding amendment to Loan No. 1 so that the Conversion Right, as defined
therein, shall be subject to obtaining approval of the TSX for such Conversion
Right.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Parties agree as follows:

ARTICLE 1

AMENDMENT TO LOAN NO. 2

1.1 Defined Terms

     Unless otherwise defined in this Article 1, all capitalized terms used in
this Article 1 shall have the meaning ascribed thereto in Loan No. 2.

1.2 First Tranche Advance Date

     The definition of First Tranche Advance Date, at Section 1.1 of Loan No. 2
is hereby deleted and replaced by the following:

		
	 	“First Tranche Advance Date” means October 15, 2002 (or if the conditions
to the advance of the first Tranche under Section 5.2 have not been met
on such date, subject to the right of the Lenders to terminate their
commitments to make future advances as provided for in Section 8.1, the
first Business Day within forty-five (45) calendar days thereof on which
the conditions to the advance of the first Tranche under Section 5.2 have
been met).”

1.3 Rand Conversion Right Not Subject to TSX Approval

1.3.1 The first sentence of Section 3.1 of Loan No. 2 is hereby deleted and replaced by the following:

		
	 	“Subject to Section 3.2, each Lender shall have the right (the
“Conversion Right”), at such Lender’s sole option, at any time and from
time to time prior to the repayment in full of the Maturity Amounts, to
convert all or any part of the then outstanding principal

 

 

		
	 	amount of the Loan from such Lender, together with accrued and unpaid
interest thereon, (which, if less than the entire unpaid principal amount
and accrued and unpaid interest under such Loan, is U.S. $100,000 (in the
case of the U.S. Dollar Loan) or €100,000 (in the case of the Euro Loan),
or an amount in excess thereof which is an integral multiple of U.S. $100
or €100, as the case may be, into that number of fully paid and
non-assessable Common Shares equal to the amount of the outstanding
principal amount (plus accrued and unpaid interest thereon) in respect of
which the Conversion Right is exercised (in U.S. Dollars for a conversion
under the U.S. Dollar Loan and the Equivalent Amount thereof in U.S.
Dollars for a conversion under the Euro Loan), divided by the Conversion
Price in effect on the applicable Conversion Date.”

1.3.2 Section 5.2(c) and Section 7.1(q) are hereby deleted from Loan No. 2.

ARTICLE 2

GENERAL

2.1 No Other Amendment

     Other than as specifically provided herein, the terms of Loan No. 2 shall
remain in full force and effect.

2.2 Governing Law

     This Amending Agreement shall be governed by and interpreted and enforced
in accordance with the laws of the Province of Ontario and the federal laws of
Canada applicable therein.

2.3 Counterparts and Facsimile

     This Amending Agreement may be executed in any number of counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same instrument. Delivery of
an executed signature page to this Agreement by any party by facsimile
transmission shall be as effective as delivery of a manually executed copy of
this Amending Agreement by such party.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

 

 

     IN WITNESS WHEREOF the parties have executed this Amending Agreement on
the date appearing on the first page hereof.

	 	 	 	 	 
	 	 	RAND A TECHNOLOGY CORPORATION
	 	 	 	 	 
	 	 	
By:
	 	Rui Malhinha, Chief Financial Officer
	 	 	 	 	 
	 	 	DASSAULT SYSTÈMES S.A., in its capacity as a Lender
	 	 	 	 	 
	 	 	
By:
	 	Thibault de Tersant
	 	 	 	 	 
	 	 	DASSAULT SYSTÈMES S.A., in its capacity as the Security Agent
	 	 	 	 	 
	 	 	
By:
	 	Thibault de Tersant
	 	 	 	 	 
	 	 	DASSAULT SYSTÈMES CORPORATION
	 	 	 	 	 
	 	 	
By:
	 	Thibault de TersantCERTIFICATION

 

Exhibit 10.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

      

I, Bernard Charlès, President and Chief Executive Officer of Dassault Systèmes,
a société anonyme organized under French law, certify, pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that the Annual Report of Dassault Systèmes on Form 20-F for the fiscal
year ended December 31, 2002, as filed with the Securities and Exchange
Commission on the date hereof, to my knowledge:

	 	•	 	fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
	 
	 	•	 	the information contained in such Annual Report on Form 20-F fairly
presents, in all material respects, the financial condition and results
of operations of Dassault Systèmes.

Date: May 15, 2003

	 	 	 
	 	 	
/s/ Bernard Charlès

Bernard Charlès

President and Chief

Executive Officer

 

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

      

I, Thibault de Tersant, Executive Vice President Finance and Legal and Chief
Financial Officer of Dassault Systèmes, a société anonyme organized under
French law, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that the Annual Report of
Dassault Systèmes on Form 20-F for the fiscal year ended December 31, 2002, as
filed with the Securities and Exchange Commission on the date hereof, to my
knowledge:

	 	•	 	fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
	 
	 	•	 	the information contained in such Annual Report on Form 20-F fairly
presents, in all material respects, the financial condition and results
of operations of Dassault Systèmes.

Date: May 15, 2003

	 	 	 
	 	 	
/s/ Thibault de Tersant

Thibault de Tersant

Executive Vice President Finance and

Legal and Chief Financial OfficerCONSENT OF ERNST & YOUNG AUDIT

 

Exhibit 10.2

 

	 	 	 
	Ernst & Young Audit

4 rue Auber

75009 PARIS	 	
Deloitte Touche Tohmatsu

185, avenue Charles-de-Gaulle

B.P. 136

92203 NEUILLY-SUR-SEINE CEDEX

 

DASSAULT SYSTEMES

Société Anonyme

9, quai Marcel Dassault, BP 210

92156 SURESNES CEDEX

CONSENT OF INDEPENDENT AUDITORS

 

We consent to the incorporation by reference in the Registration Statement of
Dassault Systèmes SA on Form S-8 listed below of our report dated April 15,
2003, with respect to the consolidated financial statements of Dassault
Systèmes SA included in its Annual Report (Form 20-F) for the year ended
December 31, 2002, filed with the Securities and Exchange Commission on May 15,
2003:

	 	 	 
	333-100030	 	
Dassault Systèmes 2002 Stock Option Plan
	333-13938	 	
Amendment to the Dassault Systèmes 1998 Stock Option Plan
	333-8420	 	
Dassault Systèmes 1998 Stock Option Plan
	333-7322	 	
Solidworks Corporation 1994 Incentive and Nonqualified Stock Option Plan
	333-5174	 	
Amendment to the Dassault Systèmes 1996 Stock Option Plan

Paris and Neuilly-sur-Seine, France, May 15, 2003

 

 

	 	 	 
	Ernst & Young Audit	 	
Deloitte Touche Tohmatsu
	 	 	 
	 	 	 
	 	 	 
	Jean-Marc MONTSERRAT	 	
Philippe MOURARET

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