RB-23-2015 Construction and Investment Credit Agreement
Pursuant to Art. 56, sec. 1 point 1) of the Act concerning public tenders, the terms for introducing and trading financial instruments on the stock exchange, as well as public companies, the Management Board of Comarch S.A. announces that on the 29th of June, 2015, Bonus Development SK-A with its registered office in Krakow, a subsidiary of Comarch S.A. signed a construction and investment credit agreement with bank Polska Kasa Opieki Spółka Akcyjna ("PEKAO S.A.") with its registered office in Warsaw, for financing and refinancing of not more than 90% of net costs of an investment related to reconstruction of the former factory building and the construction of an adjacent office building in Łódź, at ul. Stefana Jaracza 78 and ul. Stefana Jaracza 76. The credit amounts to PLN 38.8 million PLN and is granted in EUR. The crediting period lasts until the 28th of June, 2030, the interest rate of the credit is based on a variable rate. The credit should be taken out by the 28th of June, 2017.
The loan is secured by the conventional mortgage on the property, on which construction works are being implemented, a statement of submission to enforcement, power of attorney to accounts maintained in bank PEKAO S.A., cession of rights in the bank guarantee for contract good performance and for warranty obligations, cession of rights in the insurance policies, cession of rights under the lease agreement concluded between the borrower and Comarch S.A., and a surety granted by Comarch S.A. together with a declaration of submission to execution and power of attorney to accounts of Comarch S.A. conducted by PEKAO S.A.