Credit Facility Agreement between Banque Populaire and Rowecom France (October 20, 2000)
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Summary
Banque Populaire agrees to provide Rowecom France with two credit facilities: a cash credit of 5,000,000 French francs at Eonia + 0.50% with an undetermined duration, and a seasonal cash credit of 45,000,000 French francs at Euribor + 0.50% for four months (from November 15, 2000 to March 15, 2001). Both credits require the transfer of invoices as collateral under the Dailly Law. The offer is valid for one month and acceptance must be confirmed by returning a signed copy of the agreement.
EX-10.50 22 a2043409zex-10_50.txt EXHIBIT 10.50 EXHIBIT 10.50 [logo] B.P. ROP BANQUE POPULAIRE B.P.ROP Saint Quentin en Yvelines October 20, 2000 MANAGEMENT OF SERVICES FOR ROWECOM FRANCE BUSINESSES AND PROFESSIONALS Rue de la Prairie Our ref: KC/NF - Tel: 01.30.14.67.20 VILLEBON SUR YVETTE 91 762 PALAISEAU Cedex ATTN: MR. PRUDHON Dear Sirs: In reference to our recent discussions. We are confirming the agreement of our institution for the establishment of the credits below for the company Rowecom France: CASH: Amount : FRF 5,000,000 Rate : Eonia + 0.50% Guarantee : Transfer of invoices in the context of the Dailly Law Duration : Undetermined INVOLVEMENT IN THE 2000/2001 SEASONAL CREDIT: Form : Cash credit by notes Drawing terms: 1 month Amount : 45,000,000 francs Rate : Euribor for the period + 0.50% [illegible footer] Guarantee : Transfer of invoices in the context of the Dailly Law Duration : 4 months, from 11/15/2000 to 3/15/2001 The integration of the operating business assets in the company Rowecom France is a prior condition for the establishment of these types of credit. This offer is valid one month from this day. We must be informed of its acceptance within this period by the return of a copy of this document duly signed. We remain available for any additional information you may require. Sincerely, [signature] [signature] Nicolas Frankewitz Michel Jarde - -------------------------------------------------------------------------------- BANK ACCOUNT INFORMATION ROWECOM FRANCE RUE DE LA PRAIRIE VILLEBON SUR YVETTE ---------------------- 91762 PALAISEAU CEDEX [illegible] ---------------------- -------------------------------------------------- BPROP MONTIGNY BX ENTREP Domicile -------------------------------------------------- -------------------------------------------------- 18707 00082 06521062951 42 Bank Branch Account No. RIB key -------------------------------------------------- - --------------------------------------------------------------------------------
