Letter of lien on shares

LETTER OF LIEN ON SHARES

This LETTER OF LIEN ON SHARES is executed on this the ____ day of _______________________, 2008:

BY Parties 1-2 are both sponsors of X HOLDINGS LIMITED, a private limited company incorporated under the laws of the People’s Republic of Bangladesh, having its registered office at United House, 10 Gulshan Avenue, Gulshan 1, Dhaka (the ‘Company’), hereinafter collectively referred to as the “Sponsors” and individually as “Sponsor” (which expression shall unless excluded by or repugnant to the context mean and include their heirs, legal representatives, administrators and assigns);

IN FAVOUR OF:

WHEREAS

Wherever any expressed term is used in this Agreement and not defined hereunder, it shall have the same meaning as expressed and defined in the Term Loan Agreement.

NOW THIS LETTER WITNESSES as follows:

SCHEDULE I

DETAILS OF THE SECURITIES

‘A’

Total 2000 (two thousand) shares of Tk. 100 (one hundred) each held by Mr. A.

Folio:

Certificates Nos. Distinctive Numbers Nos. of Shares
From To
009 00005201 00007200 2000
Total 2000

‘B’

Total 1000 (one thousand) shares of Tk. 100 (one hundred) each held by Mr. C.

Folio:

Certificates Nos. Distinctive Numbers Nos. of Shares
From To
006 00019001 00020000 1000
Total 1000

Total 3,000 (three thousand) shares and all dividends, interests or other distributions and all allotments, accretions, offers, rights, benefits and advantages whatsoever at any time accruing offered or arising in respect of the same whether by way of conversion, redemption, bonus, preference, option or otherwise but the Lenders and/or the Agent not shall in any circumstances incur any liability whatsoever in respect of any calls, instalments or otherwise in connection with the Securities.

SCHEDULE II – LIST OF TERM LOAN LENDERS

Lenders Participation in the Term Loan Facility (BDT in million) Lending Office
Mercantile Bank Limited 200.00 Head Office61 Dilkusha C/ADhaka 1000
Mutual Trust Bank Limited 100.00 Head Office6-8 Dilkusha C/ADhaka 1000
Standard Chartered Bank 200.00 SCB House67, Gulshan AvenueGulshanDhaka – 1200
Standard Bank Limited 100.00 Head OfficeMetropolitan Chamber Building (3rd floor)122-124, Motijheel C/ADhaka-1000
Uttara Bank Limited 150.00 Head Office90 Motijheel C/A2nd FloorDhaka 1000
International Finance Investment and Commerce (IFIC) Bank Limited 150.00 Head OfficeBSB Building (18th floor)8 Rajuk AvenueDhaka 1000
Infrastructure Development Company Limited 200.00 UTC Building (Level 16)8, PanthapathKawranbazarGPO Box 619

Dhaka 1215
Saudi-Bangladesh Industrial and Agricultural Investment Company Limited 50.00 BRAC Centre (Level 11)75 MohakhaliDhaka 1212

IN WITNESS WHEREOF WE SIGN AND EXECUTE THIS LETTER OF LIEN ON SHARES ON THE DAY, MONTH AND YEAR MENTIONED ABOVE.

THE SPONSORS AC
IN WITNESS THEREOF: 1.2.

Drafted by:

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

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.