Document:

exv10w1

 

EXHIBIT 10.1

UDR, Inc.

1745 Shea Center Drive, Suite 200

Highlands Ranch, Colorado 80129

May 31, 2007

Lester C. Boeckel

10461 E. Prentice Avenue

Englewood, CO 80111

Re: Separation of Employment from UDR, Inc.

Dear Les:

As we have discussed, your employment with UDR, Inc. (the “Company”) will end effective May 31,
2007 (the “Separation Date”). This letter (this “Letter Agreement”) reflects our agreement with
respect to the separation of your employment with the Company.

1.      Last Day of Employment. Your last day of employment with the Company will be May 31,
2007.

2.      Vacation Pay. You will be paid an amount equal to all accrued but unused vacation up to
May 31, 2007. You are entitled to payment of all accrued but unused vacation whether or not you
sign this Letter Agreement. You will not be entitled to use sick leave, salary continuation or
disability benefits after the Separation Date.

3.      Consideration. In consideration for signing this Letter Agreement the Company agrees,
on the date that this Letter Agreement becomes effective or enforceable as set forth in Section 7
hereof:

     (a)      You will continue to be paid your base salary ($205,000 annually), less all required
withholdings, in accordance with the Company’s payroll policies, through December 31, 2007.

     (b)      You may continue to participate in the Company’s group health insurance plans at the same
coverage levels as immediately prior to the Separation Date. Coverage will continue through the
Consolidated Omnibus Budget Reconciliation Act of 1985 until the first to occur of (i) three (3)
years from the Separation Date or (ii) your employment by a third party (a third party shall not be
deemed to include an entity of which all of the outstanding capital stock or ownership interests
are owned by you ) or (iii) you default in the payment of or no longer

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continue to pay your portion of the premiums (the “Severance Period”). During the Severance Period, the Company shall continue to pay its portion of the premiums and you will pay your portion of the premiums.

     (c)      Subject to approval by the Compensation Committee of the Board of Directors, to cause
4,469 unvested shares of the Company’s restricted common stock issued to you under the Company’s
1999 Long-Term Incentive Plan to vest as of the date this Letter Agreement becomes effective or
enforceable as set forth in Section 7 hereof.

4.      Other Benefits. Except as provided explicitly in this Letter Agreement, you shall not
be entitled to any other or further benefits from Company, including, without limitation,
participation in health and dental insurance plans, disability and life insurance plans, stock
plans, 401(k) plans, and profit sharing plans.

5.      Expenses. Your expense report for expenses incurred through the Separation Date must be
received within three business days after the Separation Date. You will be reimbursed for expenses
incurred through the Separation Date in accordance with ordinary Company reimbursement practices
and policies. If a final accounting of these new expenditures indicates that you owe the Company
any amount (e.g., for charges to Company accounts) after your expense reports have been processed,
you must pay such amount within three days after the Separation Date.

6.      Company Property. You acknowledge that you have returned to the Company all proprietary
Company documents (including copies) and property which you may possess, including, but not limited
to, the following proprietary information of the Company: files, memoranda, notes,
computer-recorded information, personnel records (except copies of any agreements you may have
signed with the Company), equipment, materials, keys, entry cards, identification, credit cards,
and any other materials of any kind that embodies any confidential or proprietary information of
the Company (and all reproductions thereof).

7.      Revocation. You understand that you have twenty-one (21) days to consider the
preclusive effect of this Letter Agreement prior to executing this Letter Agreement. You further
understand that you may revoke this Letter Agreement for a period of seven (7) days following your
execution of this Letter Agreement. Any revocation within this period must be submitted, in
writing, to: the Company, c/o W. Mark Wallis, Senior Executive Vice President, and state, “I hereby
revoke my acceptance of the Letter Agreement.” The revocation must be mailed to the Company, c/o
W. Mark Wallis, Senior Executive Vice President, or his designee, and postmarked within seven (7)
days of execution of this Letter Agreement. This Letter Agreement shall not become effective or
enforceable until the revocation period has expired. If the last day of the revocation period is a
Saturday, Sunday, or legal holiday in Colorado, then the revocation period shall not expire until
the next following day which is not a Saturday, Sunday, or legal holiday in Colorado.

8.      General Release of Claim and Covenant Not to Sue.

     (a)      In consideration of the benefits provided to you under this Letter Agreement, and except
for the obligations created by this Letter Agreement, you knowingly and voluntarily

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release and forever discharge the Company and its affiliates, as well as their respective
officers, directors, employees, stockholders, agents, attorneys, insurers, representatives, assigns
and successors, past and present, and each of them (hereinafter together and collectively referred
to as the “Released Parties”) of, with respect to and from any and all actions, and claims of any
kind, known and unknown, suspected or unsuspected, against the Released Parties, which you, your
heirs, executors, administrators, successors, and assigns (together and collectively “Executive”)
have or may have as of the date of execution of this Letter Agreement, including, but not limited
to, any alleged violation of:

          The National Labor Relations Act, as amended;

          Title VII of the Civil Rights Act of 1964, as amended;

          Sections 1981 through 1988 of Title 42 of the United States Code, as amended;

          The Employee Retirement Income Security Act of 1974, as amended;

          The Immigration Reform Control Act, as amended;

          The Americans with Disability Act of 1990, as amended;

          The Age Discrimination in Employment Act of 1967, as amended;

          The Fair Labor Standards Act, as amended;

          The Occupational Safety and Health Act, as amended;

          The Equal Pay Act;

          The Family and Medical Leave Act of 1993;

          all Colorado laws concerning the workplace;

any other federal, state or local civil or human rights law or any other local, state or federal
law, regulation or ordinance; based upon any covenant of good faith and fair dealing, implied or
express contract, wrongful discharge, promissory estoppel, equitable estoppel, employee benefit,
violation of public policy, negligent or intentional infliction of emotional distress, defamation,
false light, compelled self-publication, fraud, misrepresentation, invasion of privacy, assault,
battery, tortious interference with a contract, tortious interference with a business relationship
or economic interest, negligent retention, negligent hiring, negligent supervision, negligence,
negligent misrepresentation, gross negligence, loss of consortium, equity or any intentional or
other tort; and/or

          (i)      Arising out of the Released Parties’ personnel practices, policies, or procedures; and

          (ii)      Arising out of or relating to Executive’s employment or the initiation, existence or
cessation of Executive’s employment with the Released Parties, including any

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claims for salary, wages, severance pay, vacation pay, sick pay, bonuses, and any other
compensation or benefit of any nature; and

          (iii)      Arising out of any statements or representations to or about Executive; and

          (iv)      Arising out of any other wrong, injury or loss allegedly suffered by Executive; and

any allegation for costs, fees, or other expenses including attorneys’ fees incurred in these
matters (collectively the “Released Claims”).

You shall not sue or initiate against the Released Parties any action or proceeding, or participate
in the same, individually or as a member of a class, under any contract (express or implied), or
any federal, state or local law, statute or regulation pertaining in any manner to the Released
Claims.

     (b)      Except for the obligations created by this Letter Agreement, the Released Parties hereby
covenant not to sue and release and forever discharge you from any and all claims, known and
unknown, which the Release Parties have or may have against you, including all claims arising from
your position as Senior Vice President — Condominiums or as an employee of the Company or its
subsidiaries or affiliates and the termination of that relationship (and specifically including any
and all claims related to prior promises or contracts of employment), as of the date of this Letter
Agreement; provided, however, the Released Parties do not release you with respect to claims
arising out of or relating to fraud, gross negligence or willful misconduct.

     (c)      You will continue to be entitled to indemnification for the period during which you were
employed as an officer of the Company pursuant to the provisions of Section 7.1 of the Company’s
Amended and Restated Bylaws dated March 14, 2007.

9.      No Claims Exist. You confirm that no claim, charge, complaint, or action exists
pertaining in any manner to the Released Claims in any forum or form. In the event that any such
claim, charge, complaint or action is filed, you shall not be entitled to recover any relief or
recovery therefrom, including costs and attorney’s fees.

10.      Non-Disparagement. You agree not to make any negative, disparaging, disruptive or
damaging statements, comments or remarks to any third party concerning the Company and its
business. In response to inquiries about you from individuals inside or outside of the Company,
the Company’s official response shall be to provide our standard reference information of dates of
employment and title or that “Mr. Boeckel resigned.”

11.      Assistance. In partial consideration for your receipt of the benefits provided to you
by the Company under this Letter Agreement, to which you are not otherwise entitled, you agree to
provide reasonable assistance related to transition matters to the Company and/or its employees
through the Separation Date.

12.      Confidentiality. You acknowledge that you have been exposed to and have learned a
substantial amount of information, which is proprietary and confidential to the Company,

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whether or not you developed or created such information. You acknowledge that such proprietary
and confidential information may include, but is not limited to, trade secrets; acquisition or
merger information; advertising and promotional programs; resource or developmental projects; plans
or strategies for future business development; financial or statistical data; customer information,
including, but not limited to, customer lists, sales records, account records, sales and marketing
programs, pricing matters, and strategies and reports; and any Company manuals, forms, techniques,
and other business procedures or methods, devices, computer software or matters of any kind
relating to or with respect to any confidential program or projects of the Company, or any other
information of a similar nature made available to you and not known in the trade in which the
Company is engaged, which, if misused or disclosed, could adversely affect the business or standing
of the Company (collectively, the “Confidential Information”). Confidential Information shall not
include information that is generally known or generally available to the public through no fault
of your own. You agree that except as required by court order, you will not at any time divulge to
any person, agency, institution, the Company or other entity any information which you know or has
reason to believe is proprietary or confidential to the Company, including but not limited to the
types of information described above, or use such information to the competitive disadvantage of
the Company. You agree that your duties and obligations under this Section 12 will continue until
the later of twelve (12) months after the Separation Date, or as long as the Confidential
Information remains proprietary or confidential to the Company.

13.      Non-Solicitation. As further consideration for the benefits provided in this Letter
Agreement for a period terminating one (1) year from the Separation Date, you agree not to directly
or indirectly solicit for employment any person employed by the Company or its affiliates.

14.      Joint Preparation of Agreement. This Letter Agreement is deemed to have been drafted
jointly by the parties. In any interpretation of this Letter Agreement, the provisions of this
Letter Agreement shall not be interpreted or construed against any party on the basis that the
party was the drafter.

15.      Severability. If any provision of this Letter Agreement is determined to be invalid or
unenforceable, in whole or in part, such determination will not affect any other provision of this
Letter Agreement. For example, if the release of a particular claim is held by a court to be
invalid or unenforceable, such ruling will not affect the releases of any other claims.

16.      Entire Agreement. This Letter Agreement contains the entire agreement between you and
the Company and is the complete, final and exclusive embodiment of our agreement with regard to the
subject matter. It is entered into without reliance on any promise or representation other than
those expressly contained herein, and it may not be modified except in writing signed by you and an
officer of the Company.

17.      Governing Law. This Letter Agreement shall be governed by, and construed and enforced
in accordance with, the laws of the State of Colorado, as applied to contracts made and performed
entirely within the State of Colorado.

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Please sign and return this Letter Agreement to me, keeping a copy for yourself. Our sincerest
wishes in your future endeavors.

Sincerely,

UDR, Inc.

	 	 	 	 	 	 	 	 	 
	/s/ W. Mark Wallis	 	 	 	 
	   	 	 	 	 	 	 
	W. Mark Wallis	 	 	 	 
	Senior Executive Vice President	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Accepted and Agreed:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:

	 	May 31, 2007
	 	 	 	By:
	 	/s/ Lester C. Boeckel
	 

	 	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Lester C. Boeckel

6Exhibit
4.5.1.1

 

EXECUTION
VERSION

 

 

Dated 21 March
2007

 

AMENDMENT
AND RESTATEMENT AGREEMENT

in respect of
a

Senior Bridge
Facilities Agreement

(in relation to Facilities A1, A2 and C) originally dated 21 December 2005

among

 

HERTZ
INTERNATIONAL, LTD.
 as Parent

 

THE
BORROWERS

 

THE
GUARANTORS

 

HERTZ
EUROPE LIMITED
 as
Coordinator

 

BNP
PARIBAS

 

and

 

THE
ROYAL BANK OF SCOTLAND PLC
 as
Mandated Lead Arrangers

 

CALYON
 as
Co-Arranger

 

BNP
PARIBAS,

THE ROYAL BANK OF SCOTLAND PLC

 

and  

 

CALYON
 as
Joint Bookrunners

 

BNP
PARIBAS
 as
Facility Agent

 

BNP
PARIBAS

as Security Agent

 

BNP
PARIBAS
 as
Global Coordinator

 

THE
FINANCIAL INSTITUTIONS

NAMED HEREIN
 as
Banks

 

 

5 Old Broad Street

London EC2N 1DW

 

 

TABLE
OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  1.

  	
  DEFINITIONS
  AND INTERPRETATION

  	
  2

  
	
  2.

  	
  AMENDMENT
  AND RESTATEMENT

  	
  3

  
	
  3.

  	
  REPRESENTATIONS
  AND WARRANTIES

  	
  3

  
	
  4.

  	
  EFFECTIVE
  DATE

  	
  4

  
	
  5.

  	
  CONTINUITY
  AND FURTHER ASSURANCE

  	
  4

  
	
  6.

  	
  AMENDMENT
  COSTS AND EXPENSES

  	
  4

  
	
  7.

  	
  COUNTERPARTS

  	
  4

  
	
  8.

  	
  GOVERNING
  LAW, NOTICES AND JURISDICTION

  	
  4

  
	
  SCHEDULE 1

  	
  THE ORIGINAL
  PARTIES

  	
  6

  
	
  SCHEDULE 2

  	
  CONDITIONS
  PRECEDENT

  	
  8

  
	
  SCHEDULE 3

  	
  AMENDED AND
  RESTATED SENIOR BRIDGE FACILITIES AGREEMENT

  	
  11

  
	
  SIGNATURES

  	
   

  	
  S-1

  
					

 

i

 

THIS AGREEMENT is dated      March  2007 and made between:

 

(1)           HERTZ INTERNATIONAL,
LTD., a corporation
incorporated under the laws of the State of Delaware, having (as of the date
hereof) its registered office at 225 Brae Boulevard, Park Ridge, New Jersey,
07657 (the “Parent”);

 

(2)           THE COMPANIES listed in Part 2 of Schedule 1 (The Original Parties) as borrowers under
the Original Senior Bridge Facilities Agreement (as defined below) (the “Borrowers”);

 

(3)           THE COMPANIES listed in Part 3 of Schedule 1 (The Original Parties) as guarantors under
the Original Senior Bridge Facilities Agreement (as defined below) (the “Guarantors”);

 

(4)           HERTZ EUROPE
LIMITED as
Coordinator;

 

(5)           BNP PARIBAS  AND
THE ROYAL BANK OF SCOTLAND PLC as
mandated lead arrangers of the Facilities as defined in the Original Senior
Bridge Facilities Agreement (each, a “Mandated
Lead Arranger” and together, the “Mandated Lead Arrangers”);

 

(6)           CALYON as co-arranger (the “Co-Arranger”);

 

(7)           BNP PARIBAS, THE
ROYAL BANK OF SCOTLAND PLC AND CALYON as joint bookrunners for the Facilities as
defined in the Original Senior Bridge Facilities Agreement (together, the “Joint Bookrunners”);

 

(8)           BNP PARIBAS as facility agent for the Banks
(the “Facility Agent”);

 

(9)           BNP PARIBAS as security agent and security
trustee on behalf of the Finance Parties (the “Security Agent”);

 

(10)         BNP PARIBAS as documentation agent and global
coordinator for the Banks (the “Global
Coordinator”); and

 

(11)         THE FINANCIAL
INSTITUTIONS listed
in Part 1 of Schedule 1 (The Original
Parties) as Banks (the “Banks”).

 

WHEREAS:

 

(A)          This Agreement is supplemental to a senior
bridge facilities agreement dated 21 December 2005  (the “Original Senior
Bridge Facilities Agreement”) made between, among others, the
Parent, the original borrowers and original guarantors named therein, the
mandated lead arrangers named therein, the co-arranger named therein, the joint
bookrunners named therein, BNP Paribas as facility agent, security agent,
documentation agent and global co-ordinator and the financial institutions
named therein as banks.

 

(B)          On 24 January 2006, Hertz Europe Limited
acceded to the Original Senior Bridge Facilities Agreement as an Additional
Guarantor pursuant to Clause 39.1 (Request
for Additional Guarantor) thereof.

 

1

 

(C)          The parties wish to amend the Original Senior
Bridge Facilities Agreement on the terms and subject to the conditions set out
in this Agreement.

 

(D)          In accordance with Clause 44 (Amendments) of the Original Senior Bridge
Facilities Agreement, the parties to this Agreement have agreed that the
Original Senior Bridge Facilities Agreement shall be amended and restated to
the extent set out in this Agreement.

 

IT IS AGREED as follows:

 

1.             DEFINITIONS AND
INTERPRETATION

 

1.1           Definitions

 

In this Agreement:

 

“Additional Company” means each of Car Rental Systems Do Brasil
Locação De Veículos Ltda, Hertz New Zealand Limited, The Hertz Corporation,
Hertz New Zealand Holdings Limited, Equipole S.A. and Hertz Finance Centre
Limited.

 

“Amended and Restated Intercreditor Deed” means the Intercreditor
Deed dated 21 December 2005 between, among others, the Parent, the Borrowers,
the Guarantors, certain subsidiaries of the Parent, the Facility Agent and the
Security Agent as amended and restated pursuant to the Supplemental Deed.

 

“Amended and Restated Senior Bridge Facilities Agreement” means
the Original Senior Bridge Facilities Agreement as amended and restated in the
form set out in Schedule 3 (Amended and
Restated Senior Bridge Facilities Agreement).

 

“Effective Date” shall have the meaning given to in Clause 4 (Effective Date) below.

 

“Relevant Agreements” means this Agreement, the Amended and
Restated Senior Bridge Facilities Agreement, the Supplemental Deed and the
Amended and Restated Intercreditor Deed.

 

“Supplemental Deed” means the supplemental deed to the
Intercreditor Deed to be entered into on or about the date of this Agreement
between, among others, the Parent, the Borrowers, the Guarantors, certain
subsidiaries of the Parent, the Facility Agent and the Security Agent.

 

1.2           Incorporation of
Defined Terms

 

(a)           Unless a contrary indication
appears, a term defined in the Original Senior Bridge Facilities Agreement has
the same meaning in this Agreement.

 

(b)           The principles of interpretation set
out in the Original Senior Bridge Facilities Agreement shall have effect as if
set out in this Agreement.

 

2

 

1.3           Third Party Rights

 

A person who is not party to
this Agreement, other than the Obligors and the Finance Parties, has no right
under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of
this Agreement. 

 

2.             AMENDMENT AND
RESTATEMENT 

 

With effect from the Effective
Date, the Original Senior Bridge Facilities Agreement shall be amended and
restated in the form set out in Schedule 3 (Amended
and Restated Senior Bridge Facilities Agreement) to this Agreement.

 

3.             REPRESENTATIONS AND
WARRANTIES

 

Each Obligor represents and
warrants to each of the Finance Parties in respect to itself that:

 

(a)           all acts, conditions and things required
to be done, fulfilled and performed (save for any such acts, conditions or
things referred to in the qualifications to the legal opinions referred to in
Clause 4 (Effective Date)
below and subject to applicable bankruptcy or insolvency laws or other similar
laws affecting creditors’ rights or remedies generally and general principles
of equity) in order (x) to enable it lawfully to enter into, exercise its
rights under and perform and comply with the obligations (taken as a whole)
expressed to be assumed by such Obligor in each of the Relevant Agreements,
(y) to ensure that the obligations expressed to be assumed by such Obligor
in each of the Relevant Agreements (taken as a whole) are legal, valid, binding
and enforceable and (z) to make each of the Relevant Agreements admissible
in evidence in its jurisdiction of organisation, in each case, have been done,
fulfilled and performed, save in each case for any such act, condition or thing
which the failure to do, fulfil or perform would not reasonably be expected to
have a Material Adverse Effect;

 

(b)           after giving effect to this
Agreement and the Supplemental Deed, no Event of Default has occurred and is
continuing (or would occur giving effect to this Agreement as of the Effective
Date); 

 

(c)           all necessary consents and approvals
to the transactions contemplated by each of the Relevant Agreements have been
or, when required, will be obtained and there is no legal requirement of any
governmental authority (including any requirement to make any declaration,
filing or registration or to obtain any license or order) which is necessary to
be met by it in connection with its execution, delivery or performance of each
of the Relevant Agreements; and

 

(d)           after giving effect to this
Agreement and the Supplemental Deed, the Repeated Representations (as such term
is defined in the Amended and Restated Senior Bridge Facilities Agreement)
other than those set out in Clause 19.6 (Financial
Statements) of the Amended and Restated Senior Bridge Facilities
Agreement are hereby repeated on the Effective Date (as defined below in Clause
4 (Effective Date)) by reference
to the facts and circumstances existing on the Effective Date.

 

3

 

4.             EFFECTIVE DATE

 

The effective date (the “Effective Date”) of this Agreement shall be
the date on which the Facility Agent confirms to the Parent  and the  Banks
that it has received the documents and evidence set out in Schedule 2 (Conditions Precedent), in each case in
form and substance satisfactory to it (acting reasonably), or, as the case may
be, the requirement to provide any of such documents and/or evidence has been
waived by the Instructing Group.

 

5.             CONTINUITY AND
FURTHER ASSURANCE

 

5.1           Designation as a
Finance Document

 

In accordance with the
definition of “Finance Documents”
set forth in Clause 1.1 (Definitions)
of the Original Senior Bridge Facilities Agreement, the Parent and the Facility
Agent designate this Agreement and the Amended and Restated Senior Bridge
Facilities Agreement as a Finance Document (as such term is defined in the
Amended and Restated Senior Bridge Facilities Agreement).

 

5.2           Continuing Rights
and Obligations

 

The provisions of the Original
Senior Bridge Facilities Agreement shall, save as expressly amended by this
Agreement, continue in full force.

 

5.3           Further Assurance

 

Each Obligor shall, at the
reasonable request of the Security Agent and at its own expense, do all such
acts and things necessary or desirable to give effect to the amendments
effected or to be effected pursuant to this Agreement.

 

6.             AMENDMENT COSTS AND
EXPENSES

 

In accordance with the
provisions of Clause 27.4 (Amendment
Costs) of the Original Senior Bridge Facilities Agreement the Parent
shall reimburse the Finance Parties for all reasonable out-of-pocket costs and
expenses (including reasonable legal fees of a single counsel in each relevant
jurisdiction) together with any VAT thereon (subject to Clause 14.7(c) (VAT) of the Amended and Restated Senior
Bridge Facilities) directly incurred by such person in connection with this
Agreement.

 

7.             COUNTERPARTS

 

This Agreement may be executed
in any number of counterparts and all of such counterparts taken together shall
be deemed to constitute one and the same instrument.

 

8.             GOVERNING LAW,
NOTICES AND JURISDICTION

 

8.1           This Agreement shall be governed by
and construed in accordance with English law.

 

8.2           The provisions of Clause 42 (Notices) and Clause 47 (Jurisdiction) of the Original Senior
Bridge Facilities Agreement shall be incorporated into this Agreement as if set

 

4

 

out in full in this Agreement
and as if references in those clauses to “this Agreement” are references to
this Agreement.

 

[The remainder
of the page is intentionally left blank]

 

5

 

SCHEDULE 1

THE ORIGINAL PARTIES

 

Part
1

 

The
Banks

 

BNP Paribas

 

BNP Paribas (Canada)

 

The Royal Bank of Scotland plc

 

CALYON

 

Indosuez Finance (UK) Limited

 

Part
2

 

The
Borrowers

 

HA Funding Pty Limited (ACN 117
549 498)

 

Hertz Belgium N.V. 

 

Hertz Canada Limited

 

Hertz France SAS 

 

Equipole Finance Services SAS 

 

Hertz Equipement France SAS

 

Hertz Autovermietung GmbH

 

Hertz Italiana S.p.A.

 

BNS Automobile Funding B.V.

 

Hertz AG 

 

Hertz (U.K.) Limited

 

6

 

Part
3

 

The
Guarantors

 

Hertz International, Ltd.

 

Hertz Australia Pty. Limited
(ABN 31 004 407 087)

 

Hertz Belgium N.V.

 

Hertz France SAS 

 

Hertz Equipement France SAS

 

Equipole Finance Services SAS

 

Hertz Autovermietung GmbH

 

Hertz Italiana S.p.A. 

 

BNS Automobile Funding B.V.

 

Stuurgroep Holland B.V. 

 

Hertz de España S.A.  

 

Hertz Alquiler de Maquinaria
S.L. 

 

Hertz AG 

 

Hertz (U.K.) Limited 

 

Hertz Europe Limited

 

7

 

SCHEDULE 2

CONDITIONS PRECEDENT

 

A.            Agreements

 

1.             An executed copy of this Agreement.

 

2.             An executed copy of the Supplemental
Deed.

 

B.            Constitutional
Documents

 

1.             A copy, certified as a true and up
to date copy by an Authorised Signatory of each Obligor (other than Hertz Note
Issuer Pty Limited and Hertz Investment (Holdings) Pty Limited), of the
constitutional documents of such Obligor, provided that to the extent that the
constitutional documents of any Original Obligor have not been amended,
modified, supplemented and/or replaced since 21 December 2005 or, if later, on
the date they were last provided to the Facility Agent, an Authorised Signatory
of such Original Obligor shall certify to the Facility Agent that the copy in
the Facility Agent’s possession is still correct, complete and in full force
and effect as at a date no earlier than the date of this Agreement.

 

2.             A copy, certified as a true and up
to date copy by an Authorised Signatory of each Additional Company, of the
constitutional documents of such Additional Company, provided that to the
extent that the constitutional documents of any Additional Company have not
been amended, modified, supplemented and/or replaced since 21 December 2005 or,
if later, on the date they were last provided to the Facility Agent, an
Authorised Signatory of such Additional Company shall certify to the Facility
Agent that the copy in the Facility Agent’s possession is still correct,
complete and in full force and effect as at a date no earlier than the date of
this Agreement.

 

C.            Authorisations

 

1.             A copy, certified as a true and
up-to-date copy by an Authorised Signatory of each Obligor (other than Hertz
Note Issuer Pty Limited and Hertz Investment (Holdings) Pty Limited), of a
board resolution (or in the case of Hertz France S.A.S. and Equipole Financial
Services S.A.S., a sole shareholder resolution) (and, if required, shareholder
resolution) of such Obligor approving (i) the execution, delivery and
performance of each of the Relevant Agreements, (ii) the terms and conditions
of each Relevant Agreement and (iii) authorising a named person or persons to
sign this Agreement, the Supplemental Deed and any documents to be delivered by
such Obligor pursuant thereto (in addition to any validly granted power of attorney
required to authorize the same), which is in form and substance satisfactory to
the Agent (acting reasonably).

 

2.             A copy, certified as a true and
up-to-date copy by an Authorised Signatory of each Additional Company, of a
board resolution (and, if required, shareholder resolution) of such Additional
Company approving (i) the execution, delivery and performance of the
Supplemental Deed and Amended and Restated Intercreditor Deed, (ii) the terms
and conditions of the Supplemental Deed and Amended and Restated Intercreditor
Deed and (iii) authorising a named person or persons to sign the Supplemental
Deed 

 

8

 

and any documents to be
delivered by such Additional Company pursuant thereto (in addition to any
validly granted power of attorney required to authorize the same), which is in
form and substance satisfactory to the Agent (acting reasonably).

 

3.             A certificate of an Authorised
Signatory of each Obligor (other than Hertz Note Issuer Pty Limited and Hertz
Investment (Holdings) Pty Limited) setting out the names and signatures of the
persons authorised to sign, on behalf of such Obligor, the Agreement, the
Supplemental Deed and any documents to be delivered by such Obligor pursuant
thereto.

 

4.             A certificate of an Authorised
Signatory of each Additional Company setting out the names and signatures of
the persons authorised to sign, on behalf of such Additional Company, the
Supplemental Deed and any documents to be delivered by such Additional Company
pursuant thereto.

 

5.             Where customary, certificates of
good standing from the jurisdiction of organisation of each Obligor (other than
Hertz Note Issuer Pty Limited and Hertz Investment (Holdings) Pty Limited).

 

6.             Where customary, certificates of
good standing from the jurisdiction of organisation of each Additional Company.

 

7.             A copy of any other authorisation or
other document, opinion or assurance which the Facility Agent (acting
reasonably) has notified the Parent is necessary in connection with the entry
into and performance of, and the transactions contemplated by each of the
Relevant Agreements or the validity and enforceability, respectively, thereof.

 

D.            Opinions

 

1.             A capacity opinion of Debevoise
& Plimpton LLP, Paris counsel to the Equity Investors  matters of French law in the agreed form.

 

2              A capacity and enforceability
opinion of Torys LLP, Canadian counsel to the Equity Investors, as to matters
of Canadian law in the agreed form.

 

3.             A capacity opinion of Debevoise
& Plimpton LLP, Frankfurt counsel to the Equity Investors as to matters of
German law, in each case in the agreed form.

 

4.             A capacity opinion of Richards,
Layton & Finger, P.A., Delaware counsel to the Equity Investors, in the
agreed form.

 

5.             A capacity opinion of Minter Ellison
counsel to the Equity Investors as to matters of Australian law and in the
agreed form.

 

6.             A capacity opinion of Bonelli Erede
Pappalardo, Italian counsel to the Equity Investors as to matters of Italian
law and in the agreed form.

 

7.             A capacity opinion of Loyens,
Netherlands counsel to the Equity Investors as to matters of Netherlands law
and in the agreed form.

 

8.             A capacity opinion of Schellenberg
Wittmer, Swiss counsel to the Equity Investors and in each case as to matters
of Switzerland law and in the agreed form.

 

9

 

9.             A capacity opinion of Cuatrecasas,
Spanish counsel to the Equity Investors and enforceability opinion of Uria
Menendez, Madrid counsel to the Arrangers, as to matters of Spanish law and in
the agreed form.

 

10.           A capacity opinion of Loyens, Dutch
counsel to the Equity Investors as to matters of Belgian law and in the agreed
form.

 

11.           A capacity opinion of Debevoise
& Plimpton LLP, London counsel to the Equity Investors and (ii) an enforceability
opinion of White & Case, London counsel to the Arrangers, as to matters of
English law and in the agreed form.

 

12.           A capacity opinion of Demarest and
Almeida, counsel to the Equity Investors as to matters of Brazilian law, in the
agreed form.

 

13.           A capacity opinion of Bell Gully,
counsel to the Equity Investors as to matters of New Zealand law, in the agreed
form.

 

14.           An opinion as to matters of (i) due
authorisation, execution and delivery and no conflict of in-house counsel to
The Hertz Corporation and (ii) enforceability of Debevoise & Plimpton LLP,
New York counsel to The Hertz Corporation in relation to the Supplemental Deed
in the agreed form.

 

15.           A capacity opinion of A&L
Goodbody, counsel to the Equity Investors as to matters of Irish law, in the
agreed form.

 

E.             Payments

 

Evidence that all fees and
expenses payable under the Finance Documents or in connection with this
Agreement have been paid. 

 

10

 

SCHEDULE 3

AMENDED AND RESTATED SENIOR BRIDGE FACILITIES AGREEMENT

 

[The remainder
of the page is intentionally left blank]

 

11

 

SIGNATURES

 

THE PARENT

 

	
  EXECUTED as a Deed by HERTZ INTERNATIONAL, LTD.

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
  acting by

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Nuns Moodliar

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Jim McGill 

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  )

  

 

S-1

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HA FUNDING PTY LIMITED (ACN 117 549 498)

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  )

  
	
  by its attorney/s

  	
  )

  
	
  under power of attorney dated
  2 February 2007

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Nuns Moodliar

  	
   

  	
   

  
				

 

S-2

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ BELGIUM N.V.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-3

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ CANADA LIMITED

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-4

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ FRANCE SAS

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-5

 

THE BORROWERS

 

	
  EXECUTED as a Deed by EQUIPOLE FINANCE SERVICES SAS

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-6

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ EQUIPEMENT FRANCE SAS

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-7

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ AUTOVERMIETUNG GMBH

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-8

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ ITALIANA S.P.A.

  	
  )

  
	
   

  	
  )

  
	
  acting by its Attorney
  Riccardo Sallustio

  	
  )

  
	
  and

  	
  /s/ Riccardo Sallustio

  	
   

  	
  )

  
	
   

  	
   

  
	
  In the presence of

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Richard J. Saville

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Richard J. Saville

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Notary Public London, England

  	
   

  	
   

  
							

 

S-9

 

THE BORROWERS

 

	
  EXECUTED as a Deed by BNS AUTOMOBILE FUNDING B.V.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-10

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ AG

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-11

 

THE BORROWERS

 

	
  EXECUTED as a Deed by HERTZ (U.K.) LIMITED

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-12

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ INTERNATIONAL, LTD.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-13

 

THE GUARANTORS

	
  EXECUTED as a Deed by HERTZ AUSTRALIA PTY. LTD

  	
  )

  
	
  (ABN 31 004
  407 087)

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  )

  
	
  by its attorney/s

  	
  )

  
	
  under power of attorney dated
  7 February 2007

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Nuns Moodliar

  	
   

  	
   

  
				

 

S-14

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ BELGIUM N.V.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-15

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ FRANCE SAS

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-16

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ EQUIPEMENT FRANCE SAS

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-17

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by EQUIPOLE FINANCE SERVICES SAS

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-18

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ AUTOVERMIETUNG GMBH

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-19

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ ITALIANA S.P.A.

  	
  )

  
	
   

  	
  )

  
	
  acting by its Attorney
  Riccardo Sallustio

  	
  )

  
	
   

  	
  /s/ Riccardo Sallustio

  	
   

  	
  )

  
	
   

  	
   

  
	
  In the presence of

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Richard J. Saville

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Richard Saville

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Notary Public London, England

  	
   

  
						

 

S-20

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by BNS AUTOMOBILE FUNDING B.V.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-21

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by STUURGROEP HOLLAND B.V.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-22

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ DE ESPAÑA S.A.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Alfredo Ruiz Plaza

  	
   

  	
  )

  
	
  and

  	
  /s/ Juan Carlos Azcona

  	
   

  	
  )

  
						

 

S-23

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ ALQUILER DE MAQUINARIA S.L.

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Alfredo Ruiz Plaza

  	
   

  	
  )

  
	
  and

  	
  /s/ Juan Carlos Azcona

  	
   

  	
  )

  
						

 

S-24

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ AG

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-25

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ (U.K.) LIMITED

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-26

 

THE GUARANTORS

 

	
  EXECUTED as a Deed by HERTZ EUROPE LIMITED

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-27

 

THE COORDINATOR

 

	
  EXECUTED as a Deed by HERTZ EUROPE LIMITED

  	
  )

  
	
   

  	
  )

  
	
  acting by

  	
  /s/ Nuns Moodliar

  	
   

  	
  )

  
	
  and

  	
  /s/ Jim McGill

  	
   

  	
  )

  
						

 

S-28

 

THE MANDATED
LEAD ARRANGERS

 

	
  EXECUTED as a Deed by BNP PARIBAS)

  	
   

  
	
   

  	
  )

  
	
  acting by Iyadh Laalai

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Iyadh Laalai

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Paris, March 21st,
  2007

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  In the presence of Mr. Charles
  Egly

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  )

  
				

 

S-29

 

THE MANDATED
LEAD ARRANGERS

 

	
  EXECUTED as a Deed by THE ROYAL BANK OF SCOTLAND PLC

  	
  )

  
	
   

  	
  )

  
	
  acting by its Attorney

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Authorized Signatory

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  
	
   

  	
  Senior Director

  	
   

  
	
   

  	
  London

  	
   

  
	
   

  	
   

  
	
   

  	
  )

  
	
  In
  the presence of

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Shanika Amarasekara

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Shanika Amarasekara

  	
   

  
	
   

  	
  13 S. Bishopsgate

  	
   

  
	
   

  	
  London

  	
   

  
	
   

  	
  EC2M 3UR

  	
   

  

 

S-30

 

THE CO-ARRANGER

 

	
  EXECUTED as a Deed by CALYON

  	
  )

  
	
   

  	
  )

  
	
  acting by Nathalie Nosser

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Nathalie Nosser

  	
   

  	
   

  
	
   

  	
  in Paris in the presence of
  Richard Sinclair

  	
  )

  	
   

  
					

 

S-31

 

THE JOINT
BOOKRUNNERS

 

	
  EXECUTED as a Deed by BNP PARIBAS)

  	
   

  
	
              )

  	
   

  
	
  acting by Iyadh Laalai

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Iyadh Laalai

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Paris, March 21st,
  2007

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  In the presence of Mr. Charles
  Egly

  	
   

  
				

 

S-32

 

THE JOINT
BOOKRUNNERS

 

	
  EXECUTED as a Deed by THE ROYAL BANK OF SCOTLAND PLC

  	
  )

  
	
   

  	
  )

  
	
  acting by its Attorney

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Authorized Signatory

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  
	
   

  	
  Senior Director

  	
   

  
	
   

  	
  London

  	
   

  
	
   

  	
   

  
	
   

  	
  )

  
	
   

  	
  In the presence of

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Shanika Amarasekara

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Shanika Amarasekara

  	
   

  
	
   

  	
  13 S. Bishopsgate

  	
   

  
	
   

  	
  London

  	
   

  
	
   

  	
  EC2M 3UR

  	
   

  
					

 

S-33

 

THE JOINT
BOOKRUNNERS

 

	
  EXECUTED as a Deed by CALYON

  	
  )

  
	
   

  	
  )

  
	
  acting by and Nathalie Nosser

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Nathalie Nosser

  	
   

  	
   

  
	
   

  	
  in Paris in the presence of
  Richard Sinclair

  	
   

  	
   

  
						

 

S-34

 

THE FACILITY
AGENT

 

	
  EXECUTED as a Deed by BNP PARIBAS

  	
  )

  
	
   

  	
  )

  
	
  acting by Iyadh Laalai

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Iyadh Laalai

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Paris, March 21st,
  2007

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  In the presence of Mr. Charles
  Egly

  	
   

  
				

 

S-35

 

THE SECURITY
AGENT

 

	
  EXECUTED as a Deed by BNP PARIBAS

  	
  )

  
	
   

  	
  )

  
	
  acting by Iyadh Laalai

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Iyadh Laalai

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Paris, March 21st,
  2007

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  In the presence of Mr. Charles
  Egly

  	
   

  
				

 

S-36

 

THE GLOBAL
COORDINATOR

 

	
  EXECUTED as a Deed by BNP PARIBAS

  	
  )

  
	
   

  	
  )

  
	
  acting by Iyadh Laalai

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Iyadh Laalai

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Paris, March 21st,
  2007

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  In the presence of Mr. Charles
  Egly

  	
   

  
				

 

S-37

 

THE BANKS

 

	
  EXECUTED as a Deed by BNP PARIBAS

  	
  )

  
	
   

  	
  )

  
	
  acting by Iyadh Laalai

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Iyadh Laalai

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Paris, March 21st,
  2007

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  In the presence of Mr. Charles
  Egly

  	
   

  
				

 

S-38

 

THE BANKS

 

	
  EXECUTED as a Deed by BNP PARIBAS (CANADA)

  	
  )

  
	
   

  	
  )

  
	
  acting by Iyadh Laalai

  	
  )

  
	
   

  	
  )

  
	
   

  	
   

  
	
   

  	
  /s/ Iyadh Laalai

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Paris, March 21st,
  2007

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  In the presence of Mr. Charles
  Egly

  	
   

  
				

 

S-39

 

THE BANKS

 

	
  EXECUTED as a Deed by THE ROYAL BANK OF SCOTLAND PLC

  	
  )

  
	
   

  	
  )

  
	
  acting by its Attorney

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Authorized Signatory

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  
	
   

  	
  Senior Director

  	
   

  
	
   

  	
  London

  	
   

  
	
   

  	
   

  	
  )

  
	
   

  	
  In the presence of

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Shanika Amarasekara

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Shanika Amarasekara

  	
   

  
	
   

  	
  13 S. Bishopgate

  	
   

  
	
   

  	
  London

  	
   

  
	
   

  	
  EC2M 3UR

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  )

  
					

 

S-40

 

THE BANKS

 

	
  EXECUTED as a Deed by CALYON

  	
  )

  
	
   

  	
  )

  
	
  acting by Nathalie Nosser

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Nathalie Nosser

  	
   

  	
   

  
	
   

  	
  in Paris in the presence of
  Richard Sinclair

  	
  )

  
				

 

S-41

 

THE BANKS

 

	
  EXECUTED as a Deed by INDOSUEZ FINANCE (UK) LIMITED

  	
  )

  
	
   

  	
  )

  
	
  acting by Nathalie Nosser

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Nathalie Nosser

  	
   

  	
   

  
	
   

  	
  in Paris in the presence of
  Richard Sinclair

  	
  )

  
				

 

S-42

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}]]