Loan and Extension Transfer Instructions between Norfin S.p.A. and De Nora Fuel Cells S.p.A.

Contract Categories: Business Finance › Loan Agreements
Summary

This document details a series of loan transactions and extensions between Norfin S.p.A. and De Nora Fuel Cells S.p.A. from 1999 to 2000. It includes instructions to various banks to transfer specific amounts from Norfin's accounts to De Nora Fuel Cells S.p.A., with the stated purpose of granting or extending loans. The document records the amounts, dates, and authorizations for each transfer, as well as the eventual repayment and redemption of the loan. The key obligation is the transfer and management of loan funds between the parties.

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EX-10.10(A) 8 0008.txt SCHEDULES TO EXHIBIT 10.10 Exhibit 10.10(a)
- ----------------------------------------------------------------------------------------------------------------------- MASTRINI Company: DE NORA FUEL CELLA S.P.A. Date: 09/14/00 Page 1 - -----------------------------------------------------------------------------------------------------------------------
From 01/01/99
- ----------------------------------------------------------------------------------------------------------------------- Exchange Date Date and Record no. Description of DEBIT CREDIT Balance rate, Reg. number of CURRENCY transaction (consecutive) value date Symbol doc. CREDIT CURRENCY DEBIT - ----------------------------------------------------------------------------------------------------------------------- Norfin s.p.a. loan 01/01/101 account PREVIOUS BALANCE 0 11/01/99 11/01/99 General accounting 100,000,000 100,000,000 C account management 1936, 27,000 lire 100,000,000 11/22/99 11/22/99 11/22/99 General accounting 100,000,000 200,000,000 C EXTENSION CURRENT LOAN 1936, 27,000 lire 100,000,000 General accounting 50,000,000 250,000,000 C 11/25/99 11/25/99 extension Norfin loan 1936, 27,000 lire 50,000,000 12/15/99 12/15/99 12/15/99 General accounting 800,000,000 1,050,000,000 C Extension loan 1936, 27,000 lire 800,000,000 01/12/00 01/12/00 General accounting 400,000,000 1,450,000,000 C EXTENSION LOAN 1936, 27,000 lire 400,000,000 01/31/00 01/31/00 General accounting 200,000,000 1,650,000,000 C EXTENSION LOAN
1 1936, 27,000 lire 200,000,000 03/07/00 03/07/00 General accounting REPAYMENT 150,000,000 1,500,000,000 C LOAN 1936, 27,000 lire 150,000,000 03/24/00 03/24/00 General accounting REDEMPTION 1,500,000,000 0 D NF LOAN 1936, 27,000 lire 1,500,000,000 Debit balance 0 Final total 1,650,000,000 1,650,000,000 Final balance 0
2 NORFIN VIA BISTOLFI, 35 - 20143 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 322231 ODENOR I e-mail: ***@*** ---------------- BANCA POPOLARE DI SONDRIO MILAN OFFICE Via S. Maria Fulcorina, 5 MILAN Attn: MR. CAMPOCCIA - ------------------- Milan, October 4, 1999 CC: DE NORA FUEL CELLS SPA Via Bistolfi, 35 MILAN Please transfer by debiting our account no. 19975/26 ABI 05696 CAB 01600, with effect October 1, 1999, the amount of 100,000,000 lire to DE NORA FUEL CELLS SPA account no. 9731/64 ABI 05696 CAB 01600 which this company has with you. Please indicate as the reason for transfers: "GRANTING OF LOAN" Sincerely, [stamp] NORFIN s.p.a. /s/ Mauro Saponelli --------------------- Mauro Saponelli PRESIDENT [Stamp] BANCA POPOLARE DI SONDRIO MILAN OFFICE OCT. 5, 1999 SERVICE OFFICE 3 STOCK CORPORATION - CAPITAL STOCK: 37,500,000,000 LIRE (wholly paid-in) - REGISTERED IN THE CORPORATE REGISTER, REGULAR SECTION AS NO. 203816 - R.E.A. NO. 1063960 AT C.C.I.A.A., MILAN - TAX ID NO. 06036090152 4 NORFIN VIA BISTOLFI, 35 - 20143 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 322231 ODENOR I e-mail: ***@*** ---------------- BANCA POPOLARE DI BERGAMO CREDITO VARESINO Milan Office Via Manzoni, 7 MILAN Att: TRANSFERS OFFICE - --------------------- Milan, November 22, 1999 CC: DE NORA FUEL CELLS SPA Via Bistolfi, 35 MILAN Please transfer by debiting our account no. 040/18861 ABI 05428 CAB 01602, with effect November 22, 1999, the amount of 100,000,000 lire to DE NORA FUEL CELLS SPA account no. 86256 ABI 05428 CAB 01602 which this company has with you. Please indicate as the reason for transfers: "EXTENSION OF CURRENT LOAN" Sincerely, [stamp] NORFIN s.p.a. /s/ Mauro Saponelli --------------------- Mauro Saponelli PRESIDENT [Stamp] RECEIVED NOV. 22, 1999 BANCA POPOLARE DI BERGAMO CREDITO VARESINO Milan Office Via Manzoni, 7 5 STOCK CORPORATION - CAPITAL STOCK: 37,500,000,000 LIRE (wholly paid-in) - REGISTERED IN THE CORPORATE REGISTER, REGULAR SECTION AS NO. 203816 - R.E.A. NO. 1063960 AT C.C.I.A.A., MILAN - TAX ID NO. 06036090152 6 NORFIN VIA BISTOLFI, 35 - 20143 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 322231 ODENOR I e-mail: ***@*** ---------------- BANCA POPOLARE DI SONDRIO MILAN OFFICE Via S. Maria Fulcorina, 5 MILAN Att: MR. PASELLO - ---------------- Milan, October 4, 1999 CC: DE NORA FUEL CELLS SPA Via Bistolfi, 35 MILAN Please transfer by debiting our account no. 19975/26 ABI 05696 CAB 01600, with effect October 1, 1999, the amount of 50,000,000 lire to DE NORA FUEL CELLS SPA account no. 9731/64 ABI 05696 CAB 01600 which this company has with you. Please indicate as the reason for transfers: "EXTENSION OF CURRENT LOAN" Sincerely, [stamp] NORFIN s.p.a. /s/ Mauro Saponelli --------------------- Mauro Saponelli PRESIDENT [Stamp] BANCA POPOLARE DI SONDRIO MILAN OFFICE NOV. 25, 1999 SERVICE OFFICE 7 STOCK CORPORATION - CAPITAL STOCK: 37,500,000,000 LIRE (wholly paid-in) - REGISTERED IN THE CORPORATE REGISTER, REGULAR SECTION AS NO. 203816 - R.E.A. NO. 1063960 AT C.C.I.A.A., MILAN - TAX ID NO. 06036090152 8 NORFIN VIA BISTOLFI, 35 - 20143 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 322231 ODENOR I e-mail: ***@*** ---------------- BANCA POPOLARE DI SONDRIO MILAN OFFICE Via S. Maria Fulcorina, 5 MILAN Att: MR. PASELLO - ---------------- Milan, December 10, 1999 CC: DE NORA FUEL CELLS SPA Via Bistolfi, 35 MILAN Please transfer by debiting our account no. 19975/26 ABI 05696 CAB 01600, with effect December 15, 1999, the amount of 800,000,000 lire to DE NORA FUEL CELLS SPA account no. 9731/64 ABI 05696 CAB 01600 which this company has with you. Please indicate as the reason for transfers: "EXTENSION OF CURRENT LOAN" Sincerely, [stamp] NORFIN s.p.a. /s/ Mauro Saponelli --------------------- Mauro Saponelli PRESIDENT [Stamp] BANCA POPOLARE DI SONDRIO MILAN OFFICE DEC. 13, 1999 SERVICE OFFICE 9 STOCK CORPORATION - CAPITAL STOCK: 37,500,000,000 LIRE (wholly paid-in) - REGISTERED IN THE CORPORATE REGISTER, REGULAR SECTION AS NO. 203816 - R.E.A. NO. 1063960 AT C.C.I.A.A., MILAN - TAX ID NO. 06036090152 10 NORFIN VIA BISTOLFI, 35 - 20143 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 322231 ODENOR I e-mail: ***@*** ---------------- BANCA POPOLARE DI SONDRIO MILAN OFFICE Via S. Maria Fulcorina, 5 MILAN Att: MR. PASELLO - ---------------- Milan, January 11, 2000 [Stamp] BANCA POPOLARE DI SONDRIO MILAN OFFICE JAN. 12, 2000 BY MAIL CC: DE NORA FUEL CELLS SPA Via Bistolfi, 35 MILAN Please transfer by debiting our account no. 19975/26 ABI 05696 CAB 01600, with effect January 16, 2000, the amount of 400,000,000 lire to DE NORA FUEL CELLS SPA account no. 9731/64 ABI 05696 CAB 01600 which this company has with you. Please indicate as the reason for transfers: "EXTENSION OF CURRENT LOAN" Sincerely, [stamp] NORFIN s.p.a. /s/ Mauro Saponelli --------------------- Mauro Saponelli PRESIDENT 11 STOCK CORPORATION - CAPITAL STOCK: 37,500,000,000 LIRE (wholly paid-in) - REGISTERED IN THE CORPORATE REGISTER, REGULAR SECTION AS NO. 203816 - R.E.A. NO. 1063960 AT C.C.I.A.A., MILAN - TAX ID NO. 06036090152 12 NORFIN VIA BISTOLFI, 35 - 20143 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 322231 ODENOR I e-mail: ***@*** ---------------- BANCA POPOLARE DI SONDRIO MILAN OFFICE Via S. Maria Fulcorina, 5 MILAN Att: MR. PASELLO - ---------------- Milan, January 28, 2000 [Stamp] BANCA POPOLARE DI SONDRIO MILAN OFFICE JAN. 31, 1999 SERVICE OFFICE CC: DE NORA FUEL CELLS SPA Via Bistolfi, 35 MILAN Please transfer by debiting our account no. 19975/26 ABI 05696 CAB 01600, with effect February 2, 2000, the amount of 200,000,000 lire to DE NORA FUEL CELLS SPA account no. 9731/64 ABI 05696 CAB 01600 which this company has with you. Please indicate as the reason for transfers: "EXTENSION OF CURRENT LOAN" Sincerely, [stamp] NORFIN s.p.a. /s/ Mauro Saponelli --------------------- Mauro Saponelli PRESIDENT 13 STOCK CORPORATION - CAPITAL STOCK: 37,500,000,000 LIRE (wholly paid-in) - REGISTERED IN THE CORPORATE REGISTER, REGULAR SECTION AS NO. 203816 - R.E.A. NO. 1063960 AT C.C.I.A.A., MILAN - TAX ID NO. 06036090152 14 DE NORA FUEL CELLS VIA BISTOLFI, 35 - 20143 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 32223 1 ODENOR I e-mail: ***@*** ------------------- BANCA POPOLARE DI SONDRIO MILAN OFFICE Via S. Maria Fulcorina, 5 MILAN Att: MR. PASELLO - ---------------- Milan, March 7, 2000 CC: [Stamp] BANCA POPOLARE DI NORFIN SPA SONDRIO Via Bistolfi, 35 MILAN OFFICE MILAN MARCH 7, 2000 SERVICE OFFICE Please transfer by debiting our account no. 9731/64 ABI 05696 CAB 01600, with effect March 8, 2000, the amount of 150,000,000 lire to NORFIN SPA account no. 19975/26 ABI 05696 CAB 01600 which this company has with you. Please indicate as the reason for transfers: "PARTIAL REDEMPTION OF CURRENT LOAN" Sincerely, [stamp] DE NORA FUEL CELLS s.p.a. /s/ Federico De Nora ----------------------- Federico De Nora Board Member 15 DE NORA FUEL CELLS VIA BISTOLFI, 35 - 21043 MILAN ORONZIO DE NORA GROUP TEL. (02) 21291 - FAX (02) 26412530 Telex 310552 - 322231 ODENOR I e-mail: ***@*** ------------------- BANCA POPOLARE DE BERGAMO CREDITO VARESINO Milan Office Via Manzoni, 7 MILAN Att: MR TRAMEZZANI - ------------------- Milan, March 24, 2000 CC: NORFIN SPA Via Bistolfi, 35 MILAN [Stamp] RECEIVED [stamp] COPY MAR. 27, 2000 BANCA POPOLARE DI BERGAMO CREDITO VARESINO Milan Office Via Manzoni, 7 With reference to the credit line you have granted us, please transfer by debiting our account no. 86256 ABI 05428 CAB 01602, with effect March 24, 2000, the amount of 1,500,000,000 lire to NORFIN SPA account no. 040/18861 ABI 05428 CAB 01602 which this company has with you. Please indicate as the reason for the transfers: "Total redemption of current loan" Sincerely, [stamp] DE NORA FUEL CELLS s.p.a; /s/ Federico De Nora -------------------- Federico De Nora Board Member 16 [illeg. Letterhead] BANCA POPOLARE DI BERGAMO - CREDITO VARESINO - ----------------------------------------------------------------------------------------------- MILAN, 03/27/00 DIP 40 PR 084 WE WISH TO INFORM YOU THAT WE WILL PERFORM THE DE NORA FUEL CELLS SPA FOLLOWING RANSACTIONS WHICH WILL APPEAR IN YOUR NEXT ACCOUNT STATEMENT DIP. 40 - P.T.R. 084 WITH ACCOUNTING DATE 03/27/00 TRANS. 2621 40 79339 40/86256 CURRENCY: ITL ITALINA LIRE - -----------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------- REASON AMOUNT VALUE DATE - --------------------------------------------------------- CREDITED TO NORFIN SPA REDEMPTION CURRENT LOAN DIDO - 1,500,000,000.00 03/24/2000 - -----------------------------------------------------------------------------------------------
/s/ Peroni Moreno ----------------- Peroni Moreno 17