Document:

exv10w1

Exhibit 10.1

	CONTRACT A Page Handelsbanken SUPPLEMENTARY OVERDRAFT FACILITY 1 of 1 Branch For purposes other than Facility no.
Frblunda personal consumption 258 631 988

	Name Civic reg. no.lBusinessorg. no. Borrower MOBI TEC AKTI EBOLAG 55 654 6-67 93

	Normal over- Amount granted Contract date draft facility 1 2 000 000 ,00 2 011- 0 2- 25

	SEK (in words) Amount
of

	SJUMILJONER KRONOR supplemen-SEK (in figures) tary facility

	7 000 00 0 , 00

	As from — to, inclusive (year, month, day)

	In accordance with section 8 of the “General Terms” for the facility, Overdraft

	2 011- 03-01— 2 011-05-31 the Bank can suspend utilisation of the facility during the
overdraft period period and/or terminate the facility.

	Utilisation interestrate, currently % Contract interest rate Interest
The interest rateis subject to special termsrelating currently %

	The interest is payable as contract interest to money market accounts on the
full overdraft amount and as STI BOR TI N + 4 ,2 0 0 ,50 utilisation
interest on the borrower’s debt. Duedatesfor utilisation interest every(month, day)
Contract interest is payable in advance at

	0 3 3 1, 0 4 30, 0 531 the commencement of the facility
period.

	In addition to the above-mentioned normal overdraft facility, Svenska Handelsbanken AB (publ)
allows The Bank’s the borrower to utilise a supplementary overdraft facility up to the
above-mentioned facility amount on undertaking the terms and conditions set out in this contract.

	The Borrower shall comply with the terms and conditions of this contract, some of which are
set out in the The “General terms” for the facility. On expiry of the agreed overdraft period, the
borrower shall immediately borrower’s repay his/her debt pursuant to the contract. When the
borrower’s right to utilise the normal overdraft facility undertaking and/or supplementary facility
has expired, the borrower must immediately return unused cheques and any other instruments used for
operation of the account.

	I/We confirm that I/we have read all pages of the contract including the “General terms” for
the facility. Signature Date Date

	20 11 -02 — 25 2 011 -02 -25

	Borrower

	Svenska Handelsbanken AS (publ)

	Mo b “ t Yt1~ e e AB ~ ~’~~v “‘“te~f&c,-

	!t~
\/ I V ‘Date ‘Initials IDocuments in order

 

 

			
	Handelsbanken
	 	Page 1 of 3

GENERAL TERMS CONTRACT A — Supplementary credit for purposes other than personal
consumption, applying from 21 December 2009

	1.	 	General terms for accounts held with Handelsbanken
	 
	 	 	The borrower disposes of
the account in accordance with the terms applying to the account to which the overdraft
facility is linked. The Bank may withdraw funds from the account if the borrower has ordered
this or has approved that the account may be debited.
	 
	 	 	The Bank may also debit the account with amounts corresponding to interest, charges and costs
which are associated with the account. In addition, the Bank may debit the account with
amounts corresponding to charges, costs and outlays for orders effected on behalf of the
borrower and for payment of other due claims which the Bank has on the borrower.
	 
	 	 	When the Bank is entitled to debit the account as stated in the previous paragraph, this may
also be done as at a day which is a public holiday or equivalent day. It is the duty of the
borrower to ensure that a sufficiently large amount is available on the account when the debit
occurs. If the borrower dies during the contract period, the estate of the deceased may not
increase the debt on the account without the consent of the Bank.
	 
	2.	 	Interest
	 
	 	 	The borrower shall pay utilisation interest to the Bank at an annual rate computed on the
overdraft amount outstanding at any time, plus contract interest on the granted overdraft
amount. The utilisation interest is calculated at the interest rate and on the grounds which
the Bank applies to this type of facility from time to time. The interest rates applying when
the facility was provided are set out in the contract. If different interest rates are applied
for utilisation interest in different ranges of the overdraft amount, this is indicated on
page one with the interest rates applying when the contract was entered into.

	 
	 	 	
In the event of
an extension of the facility, additional contract interest is payable for each period of
extension, this being payable in advance for the period concerned.
	 
	 	 	The borrower is liable for contract interest for the period until the end of the overdraft
period set out in the contract, without any obligation for the Bank to make a refund if the
contract should be terminated before then.
	 
	3.	 	Overdrafts
	 
	 	 	If the borrower’s debt to the Bank under this contract exceeds the amount granted, the
borrower shall upon demand pay the difference. In this case, the borrower shall also pay
interest on the overdrawn amount at the rate and on the grounds applied by the Bank at any
time, as well as an unauthorised overdraft fee as set out in section 5 below.
	 
	 	 	Unauthorised overdrafts also entitle the Bank to terminate the facility for repayment
and/or suspend utilisation of the facility in advance. In this case the provisions in section
8 will apply.
	 
	4.	 	Penalty interest
	 
	 	 	If payment of principal, interest and/or charges is not effected when due, the borrower
shall pay special annual penalty interest on the overdue amount until payment is made. On
amounts not overdue, the usual interest rate continues to apply.
	 
	 	 	Penalty interest is calculated at the utilisation interest rate applying to the facility,
plus five percentage points or, when the entire facility is overdue, one percentage point.
	 
	5.	 	Charges and costs
	 
	 	 	The account is subject to charges according to the terms generally applied from time to
time by the Bank. Particulars of current charges are available at any of the Bank’s branches.

	 
	 	 	
The borrower shall reimburse the Bank for the costs and work associated with obtaining,
maintaining and utilising the security agreed upon, as well as with the lodging of proof and
collection of the Bank’s claim on the borrower or on any other party liable for payment
thereof. The Bank’s written payment reminders shall thus also be reimbursed.
	 
	6.	 	Order of debt settlement
	 
	 	 	When payment is made, the Bank is entitled to deduct the
charges, costs and interest due on the facility before settling the principal amount.

	7.	 	Facility period
	 
	 	 	The facility period for the supplementary overdraft facility is set out in the contract and
will not be extended. If the Bank does not grant an extension of the normal overdraft facility
or if the normal overdraft facility is terminated for payment in advance, the supplementary
overdraft facility shall be due for payment at the same time as the normal overdraft facility
irrespective of whether the agreed facility period for the supplementary overdraft facility is
longer or the supplementary overdraft facility has not been subject to separate notice of
termination.
	 
	8.	 	The Bank’s right to terminate the facility and/or suspend utilisation of the facility
	 
	 	 	The Bank may terminate the facility for payment immediately or at any time determined by the
Bank and suspend utilisation of the overdraft facility, if any of the following circumstances
should apply:

	 	•	 	the borrower has failed to meet his obligations under this contract or otherwise to
the Bank,
	 
	 	•	 	the borrower has used the account improperly in a manner set out under Section 3,
	 
	 	•	 	the collateral for the loan or for other obligations of the borrower towards the
Bank is no longer satisfactory,
	 
	 	•	 	there is reasonable cause to assume that the borrower will not meet his payment
obligations to the Bank.

	 	 	If any of the circumstances set out above are present, the Bank is entitled, regardless
of whether termination has been made, to immediately suspend the right to utilise the facility
further.

	 
	 	 	
If the Bank has terminated the facility in accordance with this section, the borrower
shall immediately return unused cheques and other instruments for operating the account.
	 
	9.	 	Closing bill and refund
	 
	 	 	When the agreed overdraft period has expired or when the facility is payable in advance
pursuant to section 3, 7 or 8, the Bank shall prepare a closing bill.
	 
	 	 	The borrower must immediately pay the debt according to the closing bill.
	 
	10.	 	Definition of a pledge, etc.
	 
	 	 	‘Pledge’ also refers to property that is included in a floating charge on assets. The term
‘pledger’ also refers to an assignor of floating charge, ‘pledging’ also refers to assignment
of the floating charge and ‘pledge deed’ also refers to deeds associated with a floating
charge and pledge claims.
	 
	11.	 	The Bank’s right to sell pledged financial instruments
	 
	 	 	If the security for the loan consists in full or in part of financial instruments and if the
value for borrowing purposes assigned by the Bank declines, implying that the security is no
longer satisfactory, the borrower must at the request of the Bank immediately provide
additional security. If such security is not provided, or if the Bank is unable to contact the
borrower within a reasonable period of time, the Bank has the right, but not the obligation,
to sell the required portion of the financial instruments. The proceeds shall be deposited to
an interest-bearing account and continue to constitute a pledge for the loan. That which is
stated above does not restrict the Bank’s right to terminate the facility for immediate
payment in accordance with section 8 and/or the right to immediately suspend utilisation of
the facility in accordance with section 8.
	 
	12.	 	Right of guarantor and pledger to prevent extension of overdraft period
	 
	 	 	A guarantor is not entitled to terminate his guarantee and a pledger may not revoke his
mortgage.

 

 

			
	Handelsbanken
	 	Page 2 of 3

	 	 	However, any guarantor or pledger may separately, not later than six weeks before the
due date of the facility, request in writing that the Bank shall not extend the facility. Such
request may imply that the guarantor becomes forced to pay by virtue of his guarantee, or that
the Bank utilises a pledge.
	 
	 	 	If the Bank within the period set out in the preceding paragraph has received a request
that the facility shall not be extended but nevertheless extends the facility, the guarantee
or pledge provided by the party making such request ceases to be valid. This does not apply,
however, if the Bank, due to the borrower’s negligence, before expiry of the aforementioned
time period, has commenced legal proceedings against the party who has opposed an extension or
has commenced negotiation with this party concerning the guarantee commitment or pledge.
	 
	13.	 	Sequence of utilisation of security
	 
	 	 	If the borrower fails to meet his obligations under the contract, the Bank may determine
the sequence in which the securities (pledges, guarantees, etc.) shall be utilised.
	 
	14.	 	General right of pledge
	 
	 	 	Property pledged by the borrower in this contract shall also constitute security for any
other obligations towards the Bank for which the borrower is or may in the future be liable,
in his capacity as borrower, principal, account holder, guarantor or otherwise as customer of
the Bank. Such other obligation must have arisen before the borrower’s obligations under this
contract have been met. The Bank shall determine in which order the obligations are to be
settled out of the proceeds of the pledge. However, account must be taken of the right of
guarantors according to section 22.
	 
	 	 	Property thus pledged shall not, however, by reason of the pledge, constitute security
for the borrower’s obligations on account of bills of exchange which have been discounted, or
which may be discounted at the Bank by a third party, unless they concern the renewal of
bills, or have otherwise replaced bills originally discounted by the borrower. Neither shall
the property thus pledged secure any other claims on the borrower which the Bank has acquired
or may acquire from a third party.
	 
	15.	 	Yield on property pledged
	 
	 	 	Yield and all other rights based on the pledge are also covered by the pledging and
constitute a pledge. Thus, the pledging of shares, for example, includes the right of the Bank
to participate in bonus issues, new issues and other issues for which the shares qualify, As
stated in section 16, the Bank is, however, not liable for ensuring that such rights are
safeguarded. Where this nevertheless occurs, the Bank is accountable to the pledger.
	 
	16.	 	Safeguard by the Bank of the pledge
	 
	 	 	The Bank has a duty to take good care of the pledge.
	 
	 	 	Where appropriate, the Bank shall renew limitation periods and lodge proof of claim in case of
summons of unknown creditors and also in bankruptcies, where the pledger so requests after
commencement of the bankruptcy. Where announcement has been made regarding the cancellation of
a pledged document, the Bank shall give notice that it holds the document. However, the Bank
is not obliged to take any of these measures regarding certificates of claim consisting of
coupons or which are intended for the open market, such as bonds, or to which Swedish law does
not apply.
	 
	 	 	The Bank is not obliged to maintain personal liability for payment in respect of mortgaged
instruments of debt.
	 
	 	 	The Bank’s safeguard of the pledge does not extend beyond what has been stated above. Thus the
Bank is not, for example, as far as securities are concerned, obliged to collect dividends and
interest or observe the pledger’s rights in connection with issues, exchanges of shares,
conversions, distributions of net assets, etc,
	 
	17.	 	How a pledge may be utilised by the Bank
	 
	 	 	The Bank may utilise a pledge as the Bank deems fit. In this respect, the Bank shall proceed
with care and, where possible and if in the opinion of the Bank it can be accomplished without
prejudice to the Bank, notify the pledger to this effect in advance.
	 
	 	 	When applying the above, a financial instrument can be sold in a different way than on a market
where the instrument is registered or is normally traded.
	 
	 	 	If the pledge consists of funds deposited in an account with the Bank, the Bank may
immediately debit the account in reimbursement of the amount due, without informing the pledger
in advance.
	 
	 	 	Should the pledge consist of an instrument of debt for which the pledger is liable
personally or with certain property, the instrument is, with respect to the pledger, due for
payment on demand, regardless of the due date stipulated in the instrument.
	 
	18.	 	The Bank’s right to sign on behalf of the pledger
	 
	 	 	Through his pledging, the pledger authorises the Bank, or anyone appointed by the Bank, to
sign on behalf of the pledger, where this is necessary in order to safeguard the Bank’s right
of pledge. This authorisation may not be revoked as long as the pledging is in force.
	 
	19.	 	Release of pledge
	 
	 	 	The Bank may release pledges without being bound to observe any right to the pledge which may
accrue to a guarantor who has made payment to a party other than the Bank by virtue of his
guarantee.
	 
	20.	 	Transfer of unpledged deeds of mortgage
	 
	 	 	When the Bank no longer holds the pledge and has not been informed of a new pledge-holder or
received a request that a written deed of mortgage shall be issued, the Bank is entitled to
transfer an electronic deed of mortgage to the National Land Survey’s register of mortgages
for which no other mortgage-holder is registered, known as the Public Archive.
	 
	21.	 	Payment by the guarantor
	 
	 	 	If a guarantor makes payment to the Bank on account of his guarantee, he shall
specifically notify the Bank that he is paying in his capacity as guarantor and request that
this fact be noted by the Bank.
	 
	22.	 	Guarantor’s right to pledges
	 
	 	 	If a guarantee has been signed on this contract, the following shall apply with regard to
the guarantor’s right to pledges in this contract by the borrower alone or jointly with
another:

	 
	 	 	

The pledge shall constitute security for the guarantor’s claim for recourse against
the borrower to the extent that it is not utilised by the Bank for the borrower’s obligations
under this contract. When the pledge constitutes security for the right of recourse of several
guarantors, they shall have rights to the pledge in proportion to the right of recourse of
each of them, unless they agree otherwise.
	 
	 	 	In relation to the Bank, a guarantor is not entitled to any other property which has been
pledged to the Bank by the borrower or another party.
	 
	 	 	The Bank may release yield from the pledge which is not required for payment of amounts due
under this contract, without thereby reducing the liability of any guarantor.
	 
	23.	 	How the pledge may be utilised for a guarantor’s right of recourse
	 
	 	 	Where a guarantor has made payment to the Bank by virtue of his guarantee, he may exercise his
right to a pledge under section 22 only when the Bank has received payment in full for its
claim under this contract. If the guarantor wishes to exercise this right, the Bank is
entitled to choose between releasing the pledge to the guarantor or utilising the pledge on
behalf of the guarantor. Section 17 shall apply in this connection.
	 
	24.	 	Property pledged by a party other than the borrower
	 
	 	 	Property pledged on this contract by a party other than the borrower shall constitute security
only for the borrower’s obligations under this contract, unless otherwise agreed.
	 
	 	 	Without any reduction of the Bank’s right to property which a party other than the borrower
has pledged on this contract, the Bank is entitled to release property pledged by the borrower
or any other party, which has not been pledged on this contract, as well as the yield on such
property. The Bank is also entitled to release the yield on property pledged on this contract
by the

 

 

			
	Handelsbanken
	 	Page 3 of 3

	 	 	borrower or any other party, if the yield is due for payment but is not required to cover
interest or costs due under the contract.
	 
	25.	 	Cancellation of the contract
	 
	 	 	The contract will be cancelled one month after the overdraft has been repaid in full, unless
the borrower has asked in advance for it to be returned.
	 
	26.	 	Insurance
	 
	 	 	Property which constitutes security for the Bank’s claim shall be satisfactorily insured.
	 
	 	 	If the borrower fails to show proof that insurance as prescribed above is in force, the
Bank shall be entitled to arrange for such insurance at the borrower’s expense.
	 
	27.	 	Processing of personal data
	 
	 	 	Personal data submitted in connection with a credit application or otherwise registered
in connection with processing or administration of this credit will be subject to such
processing in computer systems at the Bank as required by the credit agreement. This includes
information about contacts between the borrower and the Bank.
	 
	 	 	This promissory note contains special information on the processing of data for credit
references.
	 
	 	 	The personal data is also used for marketing and customer research, business and methods
development and risk management in the Handelsbanken Group. Risk management also involves
processing information on the borrower and loans to assess the quality of loans for purposes
of capital adequacy. The personal data is also used for marketing purposes, unless the
borrower has requested a block on direct advertising from the Bank. The processing of personal
data can — within the framework of current bank confidentiality regulations — take place with
other Group companies and other companies with whom the Bank collaborates in its operations.
	 
	 	 	If the borrower requires information about the personal data about him/her which is being
processed by the Bank, the borrower can request this in writing from his/her branch of the
Bank. Requests to correct incomplete or incorrect personal data can be made at the Bank branch
or sent to Handelsbanken, Central auditing department, SE-106 70 Stockholm, Sweden. The above
statements regarding borrowers also apply to guarantors, if any, or pledgers other than the
borrower.
	 
	28.	 	Notices, etc.
	 
	 	 	The borrower, guarantors and pledgers shall notify the Bank of any changes of address,
telephone number or fax number. Registered letters regarding the overdraft facility which the
Bank has forwarded to any of the parties mentioned above shall be deemed to have reached the
addressee not later than on the seventh day after despatch if the letter has been sent to the
address which is known to the Bank.
	 
	 	 	Notices sent by fax shall be deemed to have reached the addressee no later than the next
business day if the fax message was sent to a number which the addressee has submitted to the
Bank. A business day is a day other than a Sunday, public holiday, Saturday, Midsummer’s Eve,
Christmas Eve or New Year’s Eve.
	 
	 	 	These provisions do not apply to notices renewing periods of limitation.
	 
	29.	 	Limitation of the Bank’s liability
	 
	 	 	The Bank shall not be held responsible for any loss or damage resulting from a legal enactment
(Swedish or foreign), the intervention of a public authority (Swedish or foreign), an act of
war, a strike, a blockade, a boycott, a lockout or any other similar circumstance. The
reservation in respect of strikes, blockades, boycotts and lockouts applies even if the Bank
itself is subjected to such measures or takes such measures.
	 
	 	 	Any damage which occurs in other circumstances shall not be compensated by the Bank, provided
the Bank has exercised normal standards of care. The Bank shall in no case be liable for
indirect damage.
	 
	 	 	Where a circumstance as referred to in the first paragraph should prevent the Bank from making
a payment or taking other measures, such payment or measures may be postponed until the
obstacle no longer exists. In the event of a postponement of payment the Bank shall, if it is
committed to pay interest, pay such interest at the interest rate prevailing on the due date
for the postponed payment. Where the Bank is not committed to pay interest, the Bank shall not
be obliged to pay interest at a higher rate than the prevailing reference rate of Sveriges
Riks-bank pursuant to the Section 9 of the Interest Act (1975:635), plus two percentage
points. Where a circumstance as referred to in the first paragraph should prevent the Bank
from receiving payments, the Bank shall, as long as the obstacle exists, be entitled to
interest only on the terms prevailing on the due date of the payment.exv10w2

Exhibit 10.2

	Page
1 of 1

	CONTRACT A
Handelsbanken Account with overdraft facility
1 of 1 for purposes other than
Branch Facility No.

	personal consumption

	Fr o1unda 258 63 1 98 8

	Borrower Name Civic registration/Business organisation number

	MOBITEC AKT I EBOLAG 5 5 65 4 6- 67 93

	Overdraft SEK (in words)
amount TWELVEMILLION KRONOR

	SEK (in numbers)
12 000 000 ,0 0

	Overdraft As from- to, inclusive (year, month, day) Extension period, if
anr+numberof months) (section 7 in “Genera erms”) period

	20 1 1- 0 3 — 01— 2 011-12-31 12

	The Bank can in accordance with section 8 of the “General Terms” for the facil
ity, suspend utilisation of the facility during the period of the facility and during
any extension period and/or terminate the facility.

	Interest Contract interest rate, currently % The interest is payable as

	0 ,50 contract interest on the full overdraft amoun t and as Amount
ranges for utilisation interest Utilisation interest rate, currently%
utilisation interest on the Overdraftamount up to and including The interest
rate is subjectto special terms borrower ‘s debt.

	SEK relating to Money MarketAccounts

	Contract interest is payable in

	12 0 0 0 00 0, 0 0 STIBOR TI N + 4, 2 0 advance at
the beginning of the overdraft period, The utilisation interest rate
applies to the full overdraft amount utilised, unless otherwise
specified here .

	Due dates for utilisation interest, every(month, day) First due datefor utilisation
interest

	033 1 ,063 0 , 0930 , 123 1 0 33 1

	The Bank’s Svenska Handelsbanken AB (publ) opens an account with overd raft facility for the
borrower for up to the undertaking overd raft amou nt set out above on the terms and cond itions
stated in this Contract.

	The The Borrower shall comply with the terms and con ditions of this contract , some of which are
reproduced in the Borrower’s “ General terms” for the faciliY. On expiry of the agreed overdraft
period. the borrower shall , unless the Bank undertaking has agreed to an extension 0 the
overdraft period in accordan ce with section 7 in the “ General Terms” for the
facility, immediately pay his debt under the contract. When the borrower’s riQht to utilise the
facility has expired, the borrower must immed iately return unused cheques as well as any other
Instruments for operation of the account.

	Signature l/we confirm that l/we have read all pages of the contract including the “General Terms”
for the facility.

	Date            Date
2011 -0 2 — 2 5 2 0 11 — 02 -25

	I’

	Borrower

	Svenska Handelsbanken AS
(publ)

	I\ttl #EL/~
{; ~

	0~ -
,11
‘ Date I Signature IDocuments in order

 

 

			
	Handelsbanken
	 	Page 1 of 3

GENERAL TERMS FOR CONTRACT A — Account with overdraft facility for purposes other than
personal consumption, applying from May 2009

	1.	 	General terms for accounts held with
Handelsbanken.
	 
	 	 	The borrower disposes of the
account in accordance with the terms applying to
the account to which the overdraft facility is
linked. The Bank may withdraw funds from the
account if the borrower has ordered this or has
approved that account may be debited.
	 
	 	 	The Bank may also debit the account with
amounts corresponding to interest, charges and
costs which are associated with the account.
The Bank may also debit the account with
amounts corresponding to fees, costs and outlays
for orders effected on behalf of the borrower and
for payment of other due claims which the Bank has
on the borrower.
	 
	 	 	When the Bank is entitled to debit the account as
stated in the previous paragraph, this may also be
done as at a day which is a public holiday or
equivalent day. It is the duty of the borrower to
ensure that a sufficiently large amount is
available on the account when the debit occurs. If
the borrower dies during the contract period, the
Estate of the deceased may not increase the debt on
the account without the consent of the Bank.
	 
	2.	 	Interest
	 
	 	 	The borrower shall pay utilisation interest to
the Bank at an annual rate computed on the
overdraft amount outstanding at any time, plus
contract interest on the granted overdraft amount.
The utilisation interest is calculated at the
interest rate and on the grounds which the Bank
applies to this type of facility at any time. The
interest rates applying when the facility was
provided are set out on page one. If different
interest rates are applied for utilisation interest
in different ranges of the overdraft amount, this
is indicated on page one with the interest rates
applying when the contract is entered into.
	 
	 	 	In the event of extension of the facility,
additional contract interest is payable for each
period of extension, this being payable in advance
for the period concerned.
	 
	 	 	The borrower is liable for contract interest for
the period until the end of the overdraft period
set out in the contract, without any obligation for
the Bank to make a refund if the contract should be
terminated before then.
	 
	3.	 	Unauthorised overdrafts
	 
	 	 	If the borrower’s debt to the Bank under this
contract exceeds the amount granted, the borrower
shall upon demand pay the difference. In this case
the borrower shall also pay interest on the
overdrawn amount at the rate and on the grounds
applied by the Bank at any time and also an
unauthorised overdraft fee as set out in section 5
below.
	 
	 	 	Unauthorised overdrafts also entitle the Bank
to terminate the facility for repayment and/or
suspend utilisation of the facility in advance. In
this case the provisions in section 8 will apply.
	 
	4.	 	Penalty interest
	 
	 	 	If payment of principal, interest and/or
charges is not effected when due, the borrower
shall pay special annual penalty interest on the
overdue amount until payment is made. On amounts
not overdue, the usual interest rate continues to
apply.
	 
	 	 	Penalty interest is calculated at the
utilisation interest rate applying to the facility,
plus five percentage points or, when the entire
facility is overdue, one percentage point.
	 
	5.	 	Charges and costs
	 
	 	 	The account is subject to charges according to
the terms generally applied from time to time by
the Bank. Particulars of current charges are
available at any of the Bank’s branches.

	 
	 	 	
The
borrower shall reimburse the Bank for the costs and
work associated with obtaining, maintaining and
utilising the security agreed upon as well as with
the lodging of proof and collection of the Bank’s
claim on the borrower or on any other party liable
for payment thereof. The Bank’s written payment
reminders shall thus also be reimbursed.
	 
	6.	 	Order of debt settlement
	 
	 	 	When payment is made, the Bank in entitled to
deduct all the charges, costs and interest due on
the facility before settling the principal amount.
	 
	7.	 	Extension of overdraft period
	 
	 	 	If the Bank grants an extension of the
overdraft period and nothing is then stated to the
contrary, the overdraft period will be extended by
the number of months set out on page one, each time
such extension is granted.
	 
	8.	 	The Bank’s right to terminate the facility and/or suspend utilisation of the facility
	 
	 	 	The Bank may terminate the facility for payment immediately or at any time determined by the Bank
and suspend utilisation of the overdraft facility, if any of the following circumstances
should apply:

	 	a)	 	the borrower has failed to meet his obligations under this contract or otherwise to the Bank,
	 
	 	b)	 	the borrower has used the account improperly in a manner set out under section 3,
	 
	 	c)	 	the security for the facility or for other obligations of the borrower towards the Bank is no
longer satisfactory,
	 
	 	d)	 	there is reasonable cause to assume that the borrower will not meet his payment obligations
towards the Bank.

	 	 	If any of the circumstances under the previous paragraph should occur, the Bank is entitled,
regardless of whether termination has been made, to immediately suspend the right to utilise
the facility further.
	 
	 	 	If the Bank has terminated the facility in
accordance with this section, the borrower shall
immediately return unused cheques and other
instruments for operating the account.
	 
	9.	 	Closing bill and refund
	 
	 	 	When the agreed overdraft period has expired and the
Bank has not allowed extension of the facility
pursuant to section 7 or when the facility is
payable in advance pursuant to section 8, the Bank
shall prepare a closing bill.
	 
	 	 	The borrower must immediately pay the debt
according to the closing bill.
	 
	10.	 	Definition of a pledge etc
	 
	 	 	‘Pledge’ also refers to property that is included in
a floating charge on assets. The term ‘pledger’ also
refers to an assignor of floating charge, ‘pledging’
also refers to assignment of the floating charge and
‘pledge deed’ also refers to deeds associated with a
floating charge and pledge claims.
	 
	11.	 	The Bank’s right to sell pledged financial instruments
	 
	 	 	If the security for the facility consists in
full or in part of financial instruments and if the
value for borrowing purposes assigned by the Bank
declines, implying that the security is no longer
satisfactory, the borrower must at the request of the
Bank immediately provide additional security. If such
security is not provided or if the Bank is unable to
contact the borrower within a reasonable period of time,
the Bank has the right, but not the obligation, to sell
the required portion of the financial instruments. The
proceeds shall be deposited to an interest-bearing
account and continue to constitute a pledge for the
facility. That which is stated above does not restrict
the Bank’s right to terminate the facility for immediate
payment in accordance with
section 8 and/or the right to immediately suspend
utilisation of the facility in accordance with section 8.
	 
	12.	 	Right of guarantor and pledger to prevent extension
of overdraft period.
	 
	 	 	A guarantor is not entitled to terminate his
guarantee and a pledger may not revoke his pledge.
	 
	 	 	However, any guarantor or pledger may
separately not later than six weeks before the due
date of the facility, request in writing that the
Bank shall not extend the facility. Such request

 

 

			
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	 	 	may imply that the guarantor becomes forced to
pay by virtue of his guarantee, or that the Bank
utilises a pledge.
	 
	 	 	If the Bank within the period set out in the
preceding paragraph has received a request that the
facility shall not be extended but nevertheless
extends the facility, the guarantee or pledge
provided by the party making such request ceases to
be valid. This does not apply, however, if the
Bank, due to the borrower’s negligence, before
expiry of the aforementioned time period, has taken
legal action against the party opposing extension
or has commenced negotiation with this party
concerning the guarantee commitment or pledge.
	 
	13.	 	Sequence of utilisation of security
	 
	 	 	If the borrower fails to meet his obligations
under the contract, the Bank may determine the
sequence in which the security (pledges,
guarantees, etc.) shall be utilised.
	 
	14.	 	General lien
	 
	 	 	Property pledged by the borrower in this
contract shall also constitute security for any
other obligations towards the Bank for which the
borrower is or may in the future be liable, in his
capacity as borrower, principal, account-holder,
guarantor or otherwise as customer of the Bank. Such
other obligation shall have arisen before the
borrower’s obligations under this contract have been
met. The Bank shall determine in which order the
obligations are to be settled out of the proceeds of
the pledge. However, account must be taken of the
right of guarantors according to section 22.
	 
	 	 	Property thus pledged shall not, however, by
reason of the pledge, constitute security for the
borrower’s obligations on account of bills of
exchange which have been discounted, or which may be
discounted at the Bank by a third party, unless they
concern the renewal of bills, or have otherwise
replaced bills originally discounted by the
borrower. Neither shall the property thus pledged
secure any other claims on the borrower which the
Bank has acquired or may acquire from a third party.
	 
	15.	 	Yield on property pledged
	 
	 	 	Yield and all other rights based on the pledge
are also covered by the pledging and constitute a
pledge. Thus, the pledging of shares, for example,
includes the right for the Bank to participate in
bonus issues, new issues and other issues for which
the shares qualify. As stated in section 16, the
Bank is, however, not liable for ensuring that such
rights are safeguarded. Where this nevertheless
occurs, the Bank is accountable to the pledger.
	 
	16.	 	Safeguard by the Bank of the pledge
	 
	 	 	The Bank has a duty to take good care of the pledge.
	 
	 	 	Where appropriate, the Bank shall renew limitation
periods and lodge proof of claim in case of summons
of unknown creditors and also in bankruptcies, where
the pledger so requests after commencement of the
bankruptcy. Where announcement has been made
regarding the cancellation of a pledged document,
the Bank shall give notice that it holds the
document. However, the Bank is not obliged to take
any of these measures regarding certificates of
claim consisting of coupons or which are intended
for the open market, such as bonds, or to which
Swedish law does not apply.
	 
	 	 	The Bank is not obliged to maintain personal
liability for payment in respect of mortgaged
instruments of debt.
	 
	 	 	The Bank’s safeguard of the pledge does not extend
beyond what has been stated above. Thus the Bank is
not, for example, as far as securities are
concerned, obliged to collect dividends
and interest or observe the pledger’s rights in
connection with issues, exchanges of shares,
conversions, distributions of the net assets, etc.
	 
	17.	 	How a pledge may be utilised by the Bank
	 
	 	 	The Bank may utilise a pledge as the Bank deems fit.
In this respect, the Bank shall proceed with care
and, where possible and if in the opinion of the
Bank it can be accomplished without prejudice to the
Bank, notify the pledger to this effect in advance.
	 
	 	 	When applying the above, a financial instrument can
be sold in a different way than on a market where
the instrument is registered or is normally traded.
	 
	 	 	If the pledge consists of funds deposited in an
account with the Bank, the Bank may immediately
debit the account in reimbursement of the amount
due, without informing the pledger in advance.
	 
	 	 	Should the pledge consist of an instrument of debt,
for which the pledger is liable personally or with
certain property, the instrument is, with respect to
the pledger, due for payment on demand, regardless
of the due date stipulated in the instrument.
	 
	18.	 	The Bank’s right to sign on behalf of the pledger
	 
	 	 	Through his pledging, the pledger authorises the
Bank, or anyone appointed by the Bank, to sign on
behalf of the pledger, where this is necessary in
order to safeguard the Bank’s right of pledge. This
authorisation may not be revoked as long as the
pledging is in force.
	 
	19.	 	Release of pledge
	 
	 	 	The Bank may release pledges without being bound to
observe any right to the pledge which may accrue to
a guarantor who has made payment to a party other
than the Bank by virtue of his guarantee.
	 
	20.	 	Transfer of unpledged deeds of mortgage
	 
	 	 	When the Bank no longer holds the pledge and has
not been informed of a new pledge-holder or
received a request that a written deed of mortgage
shall be issued, the Bank is entitled to transfer
an electronic deed of mortgage to the National Land
Survey’s register of mortgages for which no other
mortgage-holder is registered, known as the Public
Archive.
	 
	21.	 	Payment by guarantor
	 
	 	 	If a guarantor makes payment to the Bank on
account of his guarantee, he shall specifically
notify the Bank that he is paying in his capacity as
guarantor and request that this fact be noted by the
Bank.
	 
	22.	 	Guarantor’s right to pledges
	 
	 	 	If a guarantee has been signed on this
contract, the following shall apply with regard to
the guarantor’s right to pledges in this contract by
the borrower alone or jointly with another:

	 
	 	 	
The
pledge shall constitute security for the guarantor’s
claim for recourse against the borrower to the
extent that it is not utilised by the Bank for the
borrower’s obligations under this contract. When the
pledge constitutes security for the right of
recourse of several guarantors, they shall have the
right to the pledge in proportion to the right of
recourse of each of them, unless they agree
otherwise.
	 
	 	 	In relation to the Bank, a guarantor is not
entitled to any other property which has been
pledged to the Bank by the borrower or another
party.
	 
	 	 	The Bank may release yield from the pledge
which is not required for payment of amounts due
under this contract, without thereby reducing the
liability of any guarantor.
	 
	23.	 	How the pledge may be utilised for a guarantor’s
right of recourse
	 
	 	 	Where a guarantor has made payment to
the Bank by virtue of his guarantee, he may make use of
his right to a pledge under section 22 only when the
Bank has received payment in full for its claim under
this contract. If he wishes to exercise this right, the
Bank is entitled to choose between releasing the pledge
to the guarantor or utilising the pledge on behalf of
the guarantor.

Section 17 shall apply in this connection.
	 
	24.	 	Property pledged by another party than the borrower
	 
	 	 	Property pledged on this contract by another party than
the borrower shall constitute security only for the
borrower’s obligations under this contract, unless
otherwise agreed.
	 
	 	 	Without any reduction of the Bank’s right to
property which another party than the borrower has
pledged on this contract, the Bank is entitled to
release property pledged by the borrower or any
other party, which has not been pledged on this
contract, as well as the yield on such property. The
Bank is also entitled to release the yield on
property pledged on this contract by the borrower or
any other party, if the yield is due for payment but
is not required to cover interest or costs due under
the contract.

 

 

			
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	25.	 	Cancellation of the contract
	 
	 	 	The contract will be cancelled one month after the
overdraft has been repaid in full, unless the
borrower has asked in advance for it to be
returned.
	 
	26.	 	Insurance
	 
	 	 	Property which constitutes security for the
Bank’s claim shall be satisfactorily insured with
an insurer approved by the Bank. If the borrower
fails to show proof that insurance as prescribed
above is in force, the Bank shall be entitled to
arrange for such insurance at the borrower’s
expense.
	 
	27.	 	Processing of personal data
	 
	 	 	Personal data submitted to the Bank in
connection with a credit application or otherwise
registered in connection with processing or
administration of this credit will be subject to
such processing in computer systems at the Bank as
required by the credit agreement. This includes
information about contacts between the borrower and
the Bank.
	 
	 	 	The personal data are also used for marketing and
customer research, business and methods development
and risk management in the Handelsbanken Group.
Risk management also involves processing of
information on the borrower and loans to assess the
quality of loans for purposes of capital adequacy.

	 
	 	 	
The personal data are also used for marketing
purposes, unless the borrower has requested a block
on direct advertising from the Bank. The processing
of personal data can — within the framework of
current bank confidentiality regulations — take
place with other Group companies and other
companies with whom the Bank co-operates in its
operations.
	 
	 	 	If borrowers want to receive information about
their personal data which is being processed by the
Bank, they can request this in writing from their
respective branch of the Bank. Requests to correct
incomplete or incorrect personal data can be made
at the Bank branch or sent to Handelsbanken,
Central auditing department, SE-10670 Stockholm.
	 
	 	 	The above statements regarding borrowers also apply
to guarantors, if any, or other pledgers than the
borrower.
	 
	28.	 	Notices, etc.
	 
	 	 	The borrower, guarantors and pledgers shall notify
the Bank of any changes of address, phone and fax
number.
	 
	 	 	Registered letters regarding the overdraft facility
which the Bank has forwarded to any of the parties
mentioned above shall be deemed to have reached the
addressee not later than on the seventh day after
despatch if the letter has been sent to the address
which is known to the Bank.
	 
	 	 	Notices sent by fax shall be deemed to have
reached the addressee no later than the next
business day if the fax message was sent to a number
which the addressee has submitted to the Bank. A
business day is a day other than Sunday, public
holiday, Saturday, Midsummer’s Eve, Christmas Eve or
New Year’s Eve.
	 
	 	 	The provisions do not apply to notices renewing
limitation periods.
	 
	29.	 	Limitation of the Bank’s liability
	 
	 	 	The Bank shall not be held responsible for any loss
or damage resulting from a legal enactment (Swedish
or foreign), the intervention of a public authority
(Swedish or foreign), an act of war, a strike, a
blockade, a boycott, a lockout or any other similar
circumstance. The reservation in respect of
strikes, blockades, boycotts and lockouts applies
even if the Bank itself is subjected to such
measures or takes such measures.
	 
	 	 	Any damage which occurs in other circumstances
shall not be compensated by the Bank, provided the
Bank has exercised normal care. The Bank is in no
case responsible for indirect damage.
	 
	 	 	Where a circumstance as referred to in the first
paragraph should prevent the Bank from making a
payment or taking other measures, such payment or
measures may be postponed until the obstacle no
longer exists. In the event of a postponement of
payment the Bank shall, if it is committed to pay
interest, pay such interest at the interest rate
prevailing on the due date for the postponed
payment. Where the Bank is not committed to pay
interest, the Bank shall not be obliged to pay
interest at a higher rate than the prevailing
reference rate of Sveriges Riks-bank pursuant to
section 9 of the Interest Act (1975:635), plus two
percentage points. Where a circumstance as referred
to in the first paragraph should prevent the Bank
from receiving payments, the Bank shall, as long as
the obstacle exists, be entitled to interest only on
the terms prevailing on the due date of the payment.
	 
	30.	 	Applicable law
	 
	 	 	This contract shall be governed in all respects by
and construed in accordance with Swedish law.

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