Contract of loan granted by Budimex SA
The Management Board of Budimex SA reports that on June 28, 2010 Budimex SA concluded a Loan Contract with Budimex Nieruchomości Sp. z o.o. (Budimex SA holds 100% of shares in Budimex Nieruchomości Sp. z o.o.). Under the said Contract Budimex SA as the Lender granted a loan of PLN 61,000,000.00 to Budimex Nieruchomości Sp. z o.o.
Under the Contract:
- the loan will have been repaid by March 31, 2011;
- the interest on the loan shall amount to 1M WIBOR rate plus margin.
The Contract does not provide for any loan repayment security.
