EXEL industries - 2019 Universal Registration Document
Management report 3 Regulated Agreements
3.10.3 Cash management agreements
3% interest rate (on advances in euros) or the 1-month LIBOR plus 3% interest rate (on advances in US Dollars) on advances by EXEL Industries, signed on 02/11/2016. Amendment No. c 2 to the existing cash management agreement between EXEL Industries and HOZELOCK Ltd., carrying interest at the 1-month GBP LIBOR plus 3% interest rate for advances by EXEL Industries, e ff ective 02/01/2016. Amendment No. c 2 to the cash management agreement existing between EXEL Industries and HARDI International A/S carrying interest at the 1-week EURIBOR plus 1.5% interest rate for advances by EXEL Industries signed on 09/01/2014. Amendment No. c 1 to the cash management agreement existing between EXEL Industries and HOLMER Maschinenbau GmbH carrying interest at the 1-month EURIBOR plus 3% interest rate for advances by EXEL Industries signed on 08/29/2014. The existing centralized cash management agreement between EXEL Industries and SC VERMOREL SRL at the 1-month EURIBOR plus 6% interest rate on advances by EXEL Industries, effective 09/01/2015. Amendment No. c 2 to the cash management agreement existing between EXEL Industries and AGRIFAC Machinery BV carrying interest at the 1-month EURIBOR plus 5% interest rate for advances by EXEL Industries, e ff ective 03/01/2013. the methods for calculating discounts, was maintained in fi scal year 2018/2019 and since 09/01/2014. The Group insurance policies subscribed by EXEL Industries on behalf of its subsidiaries were maintained in fi scal year 2018/2019. Maintenance in fiscal year 2018/2019 of the services agreement to provide accounting services to EXEL Industries with personnel seconded from TECNOMA Technologies. Maintenance in fi scal year 2018/2019 of the services agreement to provide administrative, tax, legal and fi nancial services to EXEL SAS, signed 09/13/2016. Maintenance in fi scal year 2018/2019 the secondment agreement for IT services between TRICOFLEX and EXEL Industries, signed August c 29, 2018; Maintenance in fiscal year 2018/2019 of the services agreement between Groupe HARDI France and EXEL Industries, signed October c 2, 2017. Re-invoicing agreement for applied research costs, signed 10/01/2018 by EXEL Industries with all its subsidiaries.
Amendment No. c 13 to the existing centralized cash management agreement between EXEL Industries, signed 10/01/2018 which caps the amount of yearly interest at the amount calculated at the tax deductible interest rate at the closing date. The existing centralized cash management agreement between EXEL Industries, and SAMES KREMLIN in US dollars, carrying interest at the 1-month LIBOR plus 1.5% interest rate on advances by EXEL Industries signed on 09/01/2016. The existing centralized cash management agreement between EXEL Industries, and HOZELOCK Ltd in US dollars, carrying interest at the 1-month LIBOR plus 3% interest rate on advances by EXEL Industries, signed on 06/01/2017. The existing centralized cash management agreement between EXEL Industries and EXEL REAL ESTATE NETHERLANDS at the 1-month EURIBOR plus 5% interest rate on advances by EXEL Industries, signed on 02/11/2016, amended 10/01/2017 to change the rate to 2.5%. The existing centralized cash management agreement between EXEL Industries and EXEL REAL ESTATE GERMANY at the 1-month EURIBOR plus 3% interest rate on advances by EXEL Industries, signed on 02/11/2016. The existing centralized cash management agreement between EXEL Industries and ET Works Inc. at the 1-month EURIBOR plus The existing tax consolidation agreement between EXEL Industries, as head of the tax group, and its subsidiaries, signed on 07/19/2010, was maintained in fi scal year 2018/2019. Amendment No. c 1 to the services agreement signed 09/01/2014 by EXEL Industries with all its subsidiaries which changes the basis for calculating the compensation of the services provider. The patent license agreement signed between EXEL Industries and all its French and international subsidiaries, providing for royalties at 1.5% of pre-tax sales (consolidated, where applicable), minus intra- Group purchases, was maintained in fi scal year 2018/2019. The trademark and model license agreement signed between EXEL Industries and all its French and international subsidiaries, providing for royalties at 1% of pre-tax sales (consolidated, where applicable), minus intra-Group purchases, was maintained in fi scal year 2018/2019. Amendment No. c 1 to the partnership agreement concluded between EXEL Industries and some of its subsidiaries providing for a shared organization in Russia, updating the amount of service provision and 3.10.4 Other current agreements
3.11 Regulated Agreements
Waiver of debt granted to HOLMER Exxact in the amount of €2,700,000. Forgiveness of note granted to HARDI International in the amount of DKK c 50,000,000, i.e. , €6,696,847.08. Forgiveness of debt granted to the HARDI France Group in the amount of €2,374,755.
EXEL Industries Group I 2019 Universal Registration Document
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