RB-4-2016 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 18th of March, 2016, Comarch S.A.S., a subsidiary of Comarch S.A. and Comarch S.A. (as a co-borrower), signed an investment credit agreement with bank BGŻ BNP Paribas S.A. with its registered office in Warsaw, for financing and refinancing of 100% of net costs of an investment related to construction of data center in Lille, France, but no more than 83,5% of the total net costs of the whole investment, about which Comarch S.A. informed in current report no. RB-2-2016 dated the 15th of March, 2016. The credit amounts to EUR 8,000,000.00, i.e. PLN 34,164,000.00 (exchange rate as of the date of signing the agreement). The crediting period lasts until the 18th of September, 2023, the interest rate of the credit is based on a variable rate. The credit should be taken out by the 18th of September, 2017. The credit is secured by:
a) the conventional mortgage of EUR 12,000,000.00, i.e. PLN 51,246,000.00 (exchange rate as of the date of signing the agreement) established on the second place on the property belonging to Comarch S.A. located at ul. prof. Michała Życzkowskiego 23, Cracow (the SSEIV building), the current value of the mortgage established on the first place on the SSEIV building in favor of bank BGZ BNP Paribas S.A. is PLN 53,815,386.00, the current market value of the SSEIV building is PLN 78,880,000.00.
b) a statement of Comarch S.A. of submission to enforcement,
c) power of attorney to accounts of Comarch S.A. maintained in bank BGŻ BNP Paribas S.A.,
d) cession of rights in the insurance policy of SSEIV building.