EXEL industries - 2019 Universal Registration Document

Management report

Current agreements concluded under normal conditions in c fi scal year 2018/2019

Information on corporate o ffi cers

3.9

3.9.1 Compensation and bene fi ts paid in the fi scal year to corporate o ffi cers Ƥ of the Group

See pp. c 111 to 116, paragraph c 6.7.

3

3.9.2 O ffi ces and positions held by each corporate o ffi cer as Ƥ at Ƥ September Ƥ 30, 2019

See pp. c 106-107, paragraph c 6.1

3.10 Current agreements concluded under normal conditions in Ƥ fi scal year 2018/2019

In accordance with Article c L.225-39 of the French Commercial Code, agreements concluded between two companies, one of which holds, directly or indirectly, all of the share capital of the other, are no longer considered to be regulated agreements.

As a result, these agreements are considered to be current agreements concluded under normal conditions, in the same way as other agreements.

3.10.1 Debt waiver with a “better fortunes” ( fi nancial recovery) clause

The “better fortunes” ( fi nancial recovery) clause, following the debt waivers granted by SA EXEL Industries to HOLMER Exxact has been maintained in the amount of €11.4 c million (with no repayments in fi scal year 2018/2019).

The “better fortunes” ( fi nancial recovery) clause, following the debt waivers granted by EXEL Industries to CAPAGRI has been maintained in the amount of €1,953,489 (of which €188,000 was activated in 2018/2019).

3.10.2 Loan agreements

Loan agreement granted to ERE Australia at an annual rate of 5% (AUD 4,325,000 outstanding at 09/30/2019), signed on 11/10/2009. Amendment No. c 5 to loan agreement granted to VERMOREL, signed on 10/01/2017 at the 1-year EURIBOR plus 4% interest rate (€184,136 outstanding at 09/30/2019). Loan agreement granted to AGRIFAC Machinery at the 1-year EURIBOR plus 5% interest rate (€6,650,000 outstanding at 09/30/2019) signed on 09/01/2013. Loan agreement granted to HOZELOCK at the 1-year LIBOR plus 3% interest rate e ff ective 01/01/2018 (GBP 28,240,000 outstanding at 09/30/2019). Loan agreement granted to MINWORTH PROPERTY at the 3-month LIBOR plus 2.2% rate (GBP 8,749,960 outstanding on 09/30/2019) signed on 07/25/2014. Loan agreement granted to ET Works at the 1-year LIBOR plus 3% interest rate (USD 3,140,000 outstanding at 09/30/2019), e ff ective 01/01/2018. Loan agreement granted to HARDI International at the 1-year EURIBOR plus 3% interest rate (€21,248,000 outstanding at 09/30/2019) e ff ective 01/01/2018.

Loan agreement granted to HOLMER Exxact at the 1-year EURIBOR plus 3% interest rate (€2,868,600 outstanding at 09/30/2019) signed on 10/01/2017. Loan agreement granted to HOLMER Maschinenbau at the 1-year EURIBOR plus 3% interest rate (€18,360,000 outstanding at 09/30/2019) e ff ective 01/01/2018. Loan agreement granted to AGRIFAC at the 1-year EURIBOR plus 5% interest rate (€7,680,000 outstanding at 09/30/2019) e ff ective 01/01/2018. Loan agreement granted to HARDI International at the 1-year EURIBOR plus 3% (€15,000,000 outstanding at 9/30/2019); Loan agreement granted to HOLMER Maschinenbau at the 1-year EURIBOR plus 3% signed 09/01/2019 (€20,000,000 outstanding at 09/30/2019); Loan agreement granted to AGRIFAC at the 1-year EURIBOR plus 3% interest rate signed 09/01/2019 (€12,000,000 outstanding at 09/30/2019); Loan agreement granted to EREG at the fi xed rate plus 3% signed February c 1, 2019 (€18,617,636 outstanding at 09/30/2019);

EXEL Industries Group I 2019 Universal Registration Document

49