Document:

Exhibit 10.10

                                                               Execution Version

                    LUXEMBOURG S H A R E H O L D E R  L O A N
                       F A C I L I T Y  A G R E E M E N T I
                                (THE "AGREEMENT")

                                     BETWEEN

Sanitec International S.A., 19-21 boulevard du Prince Henri, L-1724 Luxembourg,
Grand- Duche de Luxembourg

                                   - hereinafter referred to as the "BORROWER" -

                                       and

Pool Acquisition S.A., 19-21 boulevard du Prince Henri, L-1724 Luxembourg,
Grand-Duche de Luxembourg

                                    - hereinafter referred to as the  "LENDER" -

PRELIMINARY REMARK, DEFINITIONS

(1)   The Lender holds approximately 93 % of all shares in the Borrower. The
      Borrower indirectly owns, through Pool Acquisition Netherland B.V. (in
      liquidation), 100 % of all shares in Sanitec Oy ("FIN NEWCO I"), a limited
      liability company established and organised under the laws of Finland,
      registered with the trade register of Finland under Company ID number
      1700086-7, with registered address in Helsinki, Finland . The Lender has
      received a loan from its shareholders pursuant to a Loan Facility
      Agreement (the "LOAN FACILITY AGREEMENT") and wishes to on-lend the
      proceeds of that loan to the Borrower and the Borrower wishes to accept
      such loan pursuant to the terms of this agreement (references herein to
      the Loan Facility Agreement also include any agreement that refinances
      it).

(2)   Fin NewCo I is the surviving company from the merger of Pool Acquisition
      Helsinki Oy with Sanitec Corporation, which took place after Pool
      Acquisition Helsinki Oy acquired 100 % of the shares of Sanitec
      Corporation, a company that was incorporated and existed under the laws of
      Finland having its registered office in Helsinki, Finland .

(3)   The funds necessary for the acquisition described under para. (2) above
      have been made available to Fin NewCo I by its shareholders in the form of
      equity and loan capital provided by the banks being party to (i) the
      senior multicurrency term loan and revolving

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                                                               Execution Version

      credit facilities agreement between inter alia Bayerische Hypo- und
      Vereinsbank AG as Arranger and Fin NewCo I dated 26 April 2001 as amended
      (the "SENIOR FACILITY AGREEMENT") and (ii) the junior facility agreement
      between inter alia Bayerische Hypo- und Vereinsbank AG as Arranger and
      Pool Financing Helsinki Oy, a company with limited liability duly
      established and organised under the laws of Finland, dated 26 April 2001
      as amended (the "JUNIOR FACILITY AGREEMENT"); the proceeds received under
      the Junior Facility Agreement have been on lent to Fin NewCo I via a
      junior on-loan agreement (the "JUNIOR ON-LOAN AGREEMENT"). The loans being
      granted pursuant to the agreements named under (i) and (ii) are
      hereinafter referred to as the "BANK LOANS" and the banks being parties to
      these loan agreements are referred to as "THE BANKS").

(4)   A portion of the loan granted under the Senior Facility Agreement has been
      refinanced by a pik loan (the "PIK LOAN") under a pik loan agreement (the
      "PIK LOAN AGREEMENT") initially entered into by Pool Sub-Financing
      Helsinki Oy, a company with limited liability duly established and
      organised under the laws of Finland (the "FIN NEWCO III"), as borrower and
      Bayerische Hypo- und Vereinsbank AG as lender (the "PIK LENDER")
      (references herein to the PIK Loan Agreement, PIK Loan and PIK Lender
      shall include any agreement that refinances the PIK Loan Agreement, and
      the loan made and lender under such agreement). FinNewCo III on lent the
      proceeds from the PIK Loan to Pool Financing Helsinki Oy, a company with
      limited liability duly established and organised under the laws of Finland
      (the "FIN(NEWCO II)"), under a pik on-loan agreement (the "PIK ON-LOAN
      AGREEMENT I") and FinNewCo II then on lent the proceeds to the FinNewCo I
      under a pik on-loan agreement II (the "PIK ON-LOAN AGREEMENT II").

(5)   Capitalised terms used herein shall have the same meaning as defined in
      the Senior Facility Agreement unless expressly otherwise defined in this
      Agreement.

Whereas the parties involved conclude the following

                             L O A N F A C I L I T Y

                                    SECTION 1
LOAN

(1)   The Lender grants the Borrower a loan (the "LOAN") consisting of one
      facility in the total principal amount of:

      (euro)312,043,586 (the "PRINCIPAL")

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                                                               Execution Version

(2)   The Borrower has already received the Loan proceeds or the equivalent.

                                    SECTION 2
DURATION, TERMINATION

(1)   The duration of this Agreement is 15 years.

(2)   The Loan can be terminated by the Lender by notice of three months to the
      end of a quarter, provided that the Loan shall not be terminated other
      than if requested by the Banks, if and as long as the Loan is
      contractually subordinated either to (i) the claims of the Banks under the
      Senior Facility Agreement and the Junior Facility Agreement pursuant to a
      subordination agreement (the "Subordination Agreement"), or (ii) to the
      claims of holders of notes (the "NOTES") issued by either the Borrower or
      an affiliate of the Borrower pursuant to a trust indenture.

(3)   Subject to any subordination pursuant toss.2 para (2) andss.5, the
      Borrower is entitled to terminate the Loan at any time.

                                    SECTION 3
INTEREST

(1)   The Loan shall bear interest on a daily basis (actual/360 days), starting
      on January 1, 2002, at a rate that is the same as the interest rate on the
      Loan Facility Agreement, and from the date of effectiveness of this
      agreement at a rate that is 0.0625 % higher than the interest rate of the
      Loan Facility Agreement.

      The parties agree to increase or reduce the interest rate by up to 1.0 %
      (100 basis points) if either party reasonably requests such increase or
      reduction in order to reflect market practice.

(2)   Each year, on 31 December at 12:00 AM, any unpaid accrued interest shall
      be capitalized to the Principal and the Principal shall be increased by
      such amount.

(3)   The interest shall be paid to the Lender in monthly part payments on the
      third working day of the following month for an account of the Lender
      still to be notified. However, as long as the claims of the Lender are
      subordinated pursuant to Section 2 and Section 5, the Borrower is not
      obliged to but may upon its own discretion pay interest provided that this
      is permitted under the subordination agreements referred to in Section 5.

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                                                               Execution Version

                                      SECTION 4
REPAYMENT

(1)   The Borrower is only obliged to repay the Principal and any uncapitalized
      interest in the event of termination of this Agreement or on expiry of the
      term set out in Section 2 para (1), subject to any subordination pursuant
      to Section 2 and Section 5 .

(2)   Subject to any subordination pursuant to Section 2 and Section 5 the
      Borrower may repay the Principal in whole or in instalments of at least
      EUR 25,000.00 prematurely according to its due discretion. In this event,
      the Lender shall not be entitled to compensation for premature payment. In
      case of a prepayment of the whole outstanding Principal, the Borrower has
      to pay the interest on such outstanding Principal on the date of the
      premature prepayment. In addition the Borrower may repay the Loan to the
      extent that it may be repaid pursuant to the terms of the indenture
      governing the notes issued by the Borrower.

                                    SECTION 5
PRIORITY OF THE LOAN

(1)   The parties acknowledge and approve that the repayment of the Principal
      and the uncapitalized interest are subordinate in priority to the
      repayment of the Bank Loans and/or the Notes in as far as provided in any
      respective subordination agreement and/or the Notes.

(2)   The Principal (including capitalised interest) and any uncapitalized
      interest and other remuneration thereon shall, upon the dissolution of the
      Borrower or in the bankruptcy of the Borrower, be subordinated to all
      other debts. The subordination is irrevocable.

                                   SECTION 6
NOTIFICATIONS

For the acceptance of declarations and services

a)   the Borrower names: Dr. Manuel Frias, 19-21 boulevard du Prince Henri,
                         L-1724 Luxembourg,
                         Facsimile +352/ 26 26 89-8 34

     with copies to:     Timo Lehto and Anne Jarvelainen
                         Sanitec Oy- Mikonkatu 15A, 01100 Helsinki
                         Facsimile +358-9773-1207

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                                                               Execution Version

b)   the Lender names:   Dr. Manuel Frias, 19-21 boulevard du Prince Henri,
                         L-1724 Luxembourg,
                         Facsimile +352/ 26 26 89-8 34

     with copies to:     Dr. Udo Simmat, Schottlestra(beta)e 8, 70597 Stuttgart,
                         Facsimile +49-711 / 9764-933

                                   SECTION 7
FINAL PROVISIONS

(1)   This Agreement shall be subject to the law of Luxembourg.

(2)   The forum for all disputes from or in connection with this Agreement shall
      be Luxembourg.

(3)   If any of the provisions of this Agreement should be or become invalid, in
      whole or in part, the validity of the remaining provisions shall not be
      affected. In such a case, the parties shall agree a provision in place of
      the invalid provision which, as far as possible, has the same legal and
      economic effect as the invalid provision.

(4)   If the provisions of this Agreement are ambiguous they shall be
      interpreted in a manner which best reflects the spirit, contents and
      purpose of this Agreement. Such interpretation should be based on the
      agreement the parties would have reached had they been aware of the
      ambiguity.

(5)   Clause Section 7 (4) above shall apply accordingly if this Agreement is
      incomplete.

........................................................................

..................................................

Sanitec International S.A.

................................., .......................................
Pool Acquisition S.A.Exhibit 10.11

                                                               Execution Version

                  PIK ON-LOAN TRANSFER AND ASSUMPTION AGREEMENT
                                (the "AGREEMENT")

between

1.   Pool Sub-Financing Helsinki Oy, Mikonkatu 15A, 01100 Helsinki ("FIN NEWCO
     III"),

2.   Pool Financing Helsinki Oy, Mikonkatu 15A, 01100 Helsinki ("FIN NEWCO II"),

3.   Sanitec Oy, Mikonkatu 15A, 01100 Helsinki ("FIN NEWCO I"),

4.   Sanitec International S.A., 19-21 boulevard du Prince Henri, L-1724
     Luxembourg, Grand-Duche de Luxembourg ("LUX NEWCO II "),

5.   Pool Acquisition S.A., 19-21 boulevard du Prince Henri, L-1724 Luxembourg,
     Grand-Duche de Luxembourg ("LUX NEWCO")

                                       and

6.   Bayerische Hypo- und Vereinsbank AG ("PIK LENDER")

PREAMBLE:

1.   Fin NewCo I is a 100% subsidiary of Lux NewCo II and Lux NewCo II is
     approximately a 93 % subsidiary of Lux NewCo. Lux NewCo II also holds 100 %
     of all shares in Fin NewCo III which holds 100 % of all shares in Fin Newco
     II.

2.   Fin NewCo III is borrower under a EUR 60,000,000 pik loan agreement (the
     "PIK LOAN AGREEMENT"; the loan referred to as the "PIK LOAN") with
     Bayerische Hypo- und Vereinsbank AG as lender.

3.   Fin NewCo II is borrower under a EUR 60,000,000 pik on-loan agreement (the
     "PIK ON-LOAN AGREEMENT I"; the loan referred to as the "PIK ON-LOAN I")
     with Fin NewCo III as lender.

4.   Fin NewCo I, as successor to Pool Acquisition Helsinki Oy, is borrower
     under a EUR 60,000,000 pik on-loan agreement (the "PIK ON-LOAN AGREEMENT
     II"; the loan referred to as the "PIK ON-LOAN II") with Fin NewCo II as
     lender.

5.   Lux NewCo II intends to issue notes (the "SENIOR NOTES") on the basis of an
     indenture. The proceeds of the issuance of Senior Notes shall be on lent to
     Fin NewCo I for the purpose of partially refinancing existing debt of Fin
     NewCo I. In connection with the

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                                                               Execution Version

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     issuance of the Senior Notes it is necessary to establish a structure in
     which the claims of the PIK Lender under the PIK Loan Agreement are
     structurally subordinated to the claims of holders of the Senior Notes.
     Therefore, the parties of this Agreement and the PIK Lender agreed that the
     structure shall be such that Lux NewCo is borrower under the PIK Loan
     Agreement whereas Lux NewCo II is borrower under the PIK On-Loan Agreement
     I and lender under the PIK On-Loan Agreement II.

NOW, THEREFORE, IT IS AGREED as follows:

1.   DEFINITIONS

     Capitalised terms used herein shall have the same meaning as defined in the
     PIK Loan Agreement unless expressly otherwise defined in this Agreement.

2.   TRANSFER AND ASSUMPTION I

     2.1 Lux NewCo hereby expressly assumes all liabilities and obligations of
         Fin NewCo III and accepts assignment of all rights from Fin NewCo III
         under the PIK Loan Agreement in consideration for Fin NewCo III
         transferring all rights it has under the PIK On-Loan Agreement I to Lux
         NewCo.

     2.2 The PIK Lender hereby expressly consents to the assumption of all
         liabilities and obligations by Lux NewCo as set out in 2.1 and
         expressly approves the assignment of all rights of Fin NewCo III under
         the PIK Loan Agreement to Lux NewCo as set forth in 2.1. The parties
         agree that Fin NewCo III shall be released from all existing or future
         liabilities under the PIK Loan Agreement.

3.   TRANSFER AND ASSUMPTION II

     3.1 Lux NewCo II hereby expressly assumes all liabilities and obligations
         of Fin NewCo II and accepts assignment of all rights from Fin NewCo II
         under the PIK On-Loan Agreement I in consideration for Fin NewCo II
         transferring all rights it has under the PIK On-Loan Agreement II to
         Lux NewCo II.

     3.2 Fin NewCo III hereby expressly consents to the assumption of all
         liabilities and obligations by Lux NewCo II as set out in 3.1 and
         expressly approves the assignment of all rights of Fin NewCo II under
         the PIK On-Loan Agreement I to Lux NewCo II as set forth in 3.1. The
         parties agree that Fin NewCo II shall be released from all existing or
         future liabilities under the PIK On-Loan Agreement I.

     3.3 Lux NewCo hereby expressly assumes all liabilities and obligations of
         Fin NewCo III under the PIK On-Loan Agreement I. All rights of Fin
         NewCo III under the PIK On-Loan Agreement I shall be assigned to Lux
         NewCo. Lux NewCo accepts such assignment.

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                                                               Execution Version

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     3.4 Fin NewCo II hereby expressly consents to the assumption of all
         liabilities and obligations by Lux NewCo as set out in 3.3 and
         expressly approves the assignment of all rights of Fin NewCo III under
         the PIK On-Loan Agreement I to Lux NewCo as set forth in 3.3. The
         parties agree that Fin NewCo III shall be released from all existing or
         future liabilities under the PIK On-Loan Agreement I. The parties agree
         that the version of the PIK On-Loan Agreement I attached as Schedule I
         to this agreement shall supercede the original PIK On-Loan Agreement I,
         including any changes in the terms or conditions.

4.   TRANSFER AND ASSUMPTION III

     4.1 Lux NewCo II hereby expressly assumes all liabilities and obligations
         of Fin NewCo II under the PIK On-Loan Agreement II. All rights of Fin
         NewCo II under the PIK On-Loan Agreement II shall be assigned to Lux
         NewCo II. Lux NewCo II accepts such assignment.

     4.2 Fin NewCo I hereby expressly consents to the assumption of all
         liabilities and obligations by Lux NewCo II as set out in 4.1 and
         expressly approves the assignment of all rights of Fin NewCo II under
         the PIK On-Loan Agreement II to Lux NewCo II as set forth in 4.1. The
         parties agree that Fin NewCo II shall be released from all existing or
         future liabilities under the PIK On-Loan Agreement II. The parties
         agree that the version of the PIK On-Loan Agreement II attached as
         Schedule II to this agreement shall supercede the original PIK On-Loan
         Agreement II, including any changes in the terms or conditions.

5.   CONDITION PRECEDENT

     The transfers and the assumptions as set forth under sections 2, 3 and 4
     are subject to the issuance of the Senior Notes having been completed.

6.   REIMBURSEMENT OF COST, EXPENSES AND TAXES

     Fin NewCo I undertakes to pay and to reimburse or indemnify Lux NewCo and
     Lux NewCo II, on a full indemnity basis, for or against all costs,
     expenses, charges and fees, which shall include, without limitation, stamp,
     registration fees and reasonable legal fees and disbursements of external
     legal advisers (collectively the "COSTS"), incurred or sustained by the
     named parties in connection with the preparation, drafting and negotiation
     of this Agreement and the completion of all further transactions therein or
     herein contemplated. All fees and expenses payable pursuant to this Clause
     shall be paid together with value added tax or any similar tax (if any)
     properly chargeable thereon.

7.   LAW

     This Agreement shall be governed by and construed in accordance with the
     laws of England and Wales.

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8.   AMENDMENT

     Any amendment to or variation of this Agreement shall be made in writing in
     order to be valid and binding upon the parties hereto. The parties hereto
     may not waive the form requirement of writing other than in writing by
     signing an amendment hereto.

9.   JURISDICTION

     The ordinary courts of England and Wales shall have jurisdiction in respect
     of any dispute arising out of or in connection with this Agreement
     including its validity.

10.  PARTIAL INVALIDITY

     If at any time any provision hereof or part thereof is or becomes illegal,
     invalid or unenforceable, the legality, validity or enforceability of the
     remaining provisions hereof shall in no way be affected or impaired
     thereby. The illegal, invalid or unenforceable provision shall be deemed to
     be substituted by a valid, legal and enforceable provision, which reflects
     the intention of the parties hereto to the extent that this is legally
     possible.

11.  CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999

     A person who is not a party to this Agreement has no right under the
     Contracts (Rights of Third Parties) Act 1999 to enforce any term of this
     Agreement but this does not affect any right or remedy of a third party
     which exists or which is available apart form that Act.

Signed for and on behalf of:

Pool Sub-Financing Helsinki Oy

________________________________

Pool Financing Helsinki Oy

________________________________

Sanitec International S.A.

________________________________

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                                                               Execution Version

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Sanitec Oy

________________________________

Pool Acquisition S.A.

________________________________

Signed for and on behalf:

Bayerische Hypo- und Vereinsbank AG

________________________________

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