First supplemental to the paripassu security sharing agreement

FIRST SUPPLEMENTAL TO THE PARI PASSU SECURITY SHARING AGREEMENT

This Agreement is made on the _____ day of ________________ 2008:

AMONGST

(Party Nos. 1-2 collectively be referred to as the “Lenders”)

WHEREAS:

IT IS THEREFORE AGREED by and between the parties as follows:

IN WITNESS WHEREOF, the parties hereto have caused this  Supplemental to be executed on the day and year first above written.

THE LENDER For and on behalf of:BANK 1 __________________________Name:

Designation:
In witness of: ____________________________Name:Designation:
THE LENDER For and on behalf of:BANK 2____________________________Name:

Designation:
In witness of: ____________________________Name:Designation:
THE BORROWER For and on behalf of:COMPANY 1 ____________________________Name:

Designation:
In witness of: ____________________________Name:Designation:

Drafted by:

 For: “The Lawyers & Jurists”
M.L.Hotel Tower Ltd,208,Shahid Syed Nazrul Islam Sarani,
Bijoy Nagar, Dhaka-1000.
www.lawyersnjurists.com

SCHEDULE A

PARTICULARS OF SECURITY

Sl. Mortgage/Charge Chargee(s) Amount secured
Letter of Hypothecation dated 18.01.2004 followed by subsequent modifications HSBC and SCB Tk.  1,232,650,000.00 as follows:HSBC: Tk.  532,650,000.00SCB:    Tk.  700,000,000.00
Letter of Hypothecation dated 18.01.2004 of Book Debts followed by subsequent modifications HSBC and SCB Tk.  1,232,650,000.00 as follows:HSBC: Tk.  532,650,000.00SCB:    Tk.  700,000,000.00
Letter of Hypothecation of Specific Goods and Receivables dated 18.01.2004 followed by subsequent modifications HSBC and SCB Tk.  1,232,650,000.00 as follows:HSBC: Tk.  532,650,000.00SCB:    Tk.  700,000,000.00

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