style='font-size:14.0pt;line-height:115%;font-family:"Garamond",serif;
mso-fareast-font-family:"Times New Roman";text-transform:uppercase;mso-ansi-language:
EN-GB'>TERM SHEET style='font-size:14.0pt;line-height:115%;font-family:"Garamond",serif;
mso-fareast-font-family:"Times New Roman";text-transform:uppercase;mso-ansi-language:
EN-GB'>



style='font-size:14.0pt;line-height:115%;font-family:"Garamond",serif;
mso-fareast-font-family:"Times New Roman";text-transform:uppercase;mso-ansi-language:
EN-GB'> 



style='width:16.0cm;margin-left:3.5pt;border-collapse:collapse;border:none;
mso-border-alt:solid windowtext .5pt;mso-padding-alt:0cm 3.5pt 0cm 3.5pt;
mso-border-insideh:.5pt solid windowtext;mso-border-insidev:.5pt solid windowtext'>

























































































































style='mso-bidi-font-weight:normal'>1

style='mso-bidi-font-weight:normal'>Definitions style='mso-bidi-font-weight:normal'>

style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial Narrow",sans-serif'> 

style='mso-bidi-font-weight:normal'>2

style='mso-bidi-font-weight:normal'>Borrowers:

style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial Narrow",sans-serif'>X Zrt.(hereinafter: Borrower)



style='mso-bidi-font-weight:normal'>3

style='mso-bidi-font-weight:normal'>Sponsor:

style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial Narrow",sans-serif'>Mr.
K. A



style='mso-bidi-font-weight:normal'>4

style='mso-bidi-font-weight:normal'>Lender:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>C Bank style='mso-spacerun:yes'>  (hereinafter: Bank)

style='mso-bidi-font-weight:normal'>7

style='mso-bidi-font-weight:normal'>Existing Financings:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Investment Loan: 500,000,000 EUR


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Bank guarantee: 1,000,000,000 HUF


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The total exposure of
the Bank is EUR 4,500,000 (on 250 FX)

style='mso-bidi-font-weight:normal'>5

style='mso-bidi-font-weight:normal'>Loan Purpose:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The Borrower intends to
launch a new project (hereinafter: Project) to erect a new production
facility.

style='mso-bidi-font-weight:normal'>6

style='mso-bidi-font-weight:normal'>Total Net Project Cost:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>HUF 1,500,000,000

style='mso-bidi-font-weight:normal'>8

style='mso-bidi-font-weight:normal'>Requested New Financings:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Project Finance Loan:
HUF 1,000,000,000 in EUR

style='mso-bidi-font-weight:normal'>9

style='mso-bidi-font-weight:normal'>Other sources:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>HUF 500,000,000
non-refundable subsidy (hereinafter: Subsidy)

style='mso-bidi-font-weight:normal'>10

style='mso-bidi-font-weight:normal'>Maturity of the financings:

style='mso-bidi-font-style:normal'>Existing Financings


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Investment Loan 1: 31/12/2015 +50% balloon


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Bank guarantee: 31/12/2015


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Project Finance loan: 31/12/2018



style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-ansi-language:EN-GB'>11

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-ansi-language:EN-GB'>Commitment period: style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>From the commencement of
the project until December 31, 2008

style='mso-bidi-font-weight:normal'>15

style='mso-bidi-font-weight:normal'>Prepayment:



style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB;mso-bidi-font-weight:bold'>§ style='font:7.0pt "Times New Roman"'>   style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>No prepayment fee is
charged, if made on the last
day of the interest period with five banking days’ notice style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>. style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-ansi-language:EN-GB'>The minimum amount of each early repayment is
100,000 EUR. The portions of the loan which have been repaid with early
repayment may be taken again.



style='mso-bidi-font-weight:normal'>12

style='mso-bidi-font-weight:normal'>Disbursements under the New financings: style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>               



style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Upon the written request
of the Borrower, which shall be submitted to the Bank 10 banking days before
the required disbursement date. The proper written request contains the
following documentation:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Invoice was issued by the General Contractor, the
amount of which cannot be higher than the sum of the underlying subcontractor
invoices + 5%


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Receipt of duly completed transfer order for benefit
to the General Contractor


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Disbursements shall be
made pro-rata with the Subsidy.

style='mso-bidi-font-weight:normal'>13

style='mso-bidi-font-weight:normal'>Interest Period:

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>3 months

style='mso-bidi-font-weight:normal'>14

style='mso-bidi-font-weight:normal'>Interest Payment:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>3 months’ EURIBOR as of
the second day prior to the end of the interest period + 2%, due on the last
day of each Interest period

style='mso-bidi-font-weight:normal'>20

style='mso-bidi-font-weight:normal'>DSRA:

Debt Service Reserve Account held with the Bank.


style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The
Borrower is obligated to maintain the current balance of HUF 100,000,000 on
the DSRA account.


style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The
Bank is authorized to call any amount from the DSRA, if the Borrower fails to
fulfil its debt service obligation under the Existing Financings or the New
Financings. DSRA could be used only for debt service in case of temporary insolvency
and Borrower is obligated to refill within 1 month.

style='mso-bidi-font-weight:normal'>21

style='mso-bidi-font-weight:normal'>DSCR:

Debt Service Coverage Ratio stipulated by the Bank in every year
during the whole financing period upon the audited annual report of the
Borrower.



style='mso-bidi-font-weight:normal'>16

style='mso-bidi-font-weight:normal'>Loan To Value (LTV):

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>max.75%

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>18

style='mso-bidi-font-weight:normal'>Assignments:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Bank is authorized to
assign and transfer their claims against Borrower in whole or in part to
other financial institutions upon notice to the Borrower.


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Borrower may not assign
either its rights or its liabilities to third party.

style='mso-bidi-font-weight:normal'>17

style='mso-bidi-font-weight:normal'>Collateral:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Floating charge on all assets


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Security deposit regarding to the DSRA and ORA


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Assignment of all incomes, claims and insurances


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Mortgage on the Property


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Purchase option of the Bank



17

Sponsor’s
Undertakings:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>As a Condition Precedent
to the disbursement of the New Financings, the Sponsor has to meet the
following requirements:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Symbol;
mso-fareast-font-family:Symbol;mso-bidi-font-family:Symbol;mso-ansi-language:
EN-GB'>·      
Provide unconditional suretyship in the amount of
HUF 150,000,000, which may be released one year following the Project
completion, but not before 31/12/2011, provided that no Event of Default has
occurred.


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Symbol;
mso-fareast-font-family:Symbol;mso-bidi-font-family:Symbol;mso-ansi-language:
EN-GB'>·      
Top up the existing DSRA amount with additional HUF
25,000,000 from own sources.

style='mso-bidi-font-weight:normal'>22

style='mso-bidi-font-weight:normal'>Documentation:

The
Document must be in compliance with the Euro loan standards, and must include
the following requirements:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>1. Condition Precedents style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB;mso-bidi-font-style:italic'>of
the Project Finance Loan:


§ style='font:7.0pt "Times New Roman"'>  style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Resolution of style='mso-highlight:yellow'>the Borrower’s General Meeting
regarding the New Financings


style='mso-list:Ignore'>§  style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-highlight:yellow;
mso-ansi-language:EN-GB'>Borrower’s Deed of Foundations style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>;


style='mso-list:Ignore'>§  style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Folio of Title of the
Property, mortgage and purchase option of the Bank registered thereon, but no
other encumbrance


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Existence and availability of all collaterals


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Notarized documentation


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Sponsor’s Undertakings as defined in this Term Sheet
has been duly completed


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Certifications that the Borrower has no public dues
(taxes, duties)


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB;mso-bidi-font-weight:bold;mso-bidi-font-style:italic'> style='mso-list:Ignore'>§  style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>All insurances are
existing and assigned to the Bank and payment of fees is verified


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
DSRA is filled up to the prescribed amount


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Duly signed Subsidy Agreement


style='mso-bidi-font-weight:normal'>2. style='mso-bidi-font-weight:normal'> Borrower’s undertakings style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB;
mso-bidi-font-style:italic'>of the Project Finance Loan style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Full account turnover shall be funnelled through the
accounts held with the Bank


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Pari passu


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Negative pledge


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Cross default


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Provision of all information required by the Bank


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Material Adverse Change


style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-no-proof:
no'>§ 
Any new exposure (loan; guarantee; etc.) is subject to the
prior written consent of the Bank


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Borrower may not sell any of its tangible or
intangible assets in excess of  HUF
30,000,000


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Borrower shall not pledge any of its tangible or
intangible assets in excess of HUF 10,000,000


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Borrower may conclude contracts only at arm’s length


style='mso-bidi-font-weight:normal'>3. Event of default style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>::


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Event of default under any other contracts of the
Borrower


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Non-observance of any main contractual provisions


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Late payment under the Existing Financings and the
New Financings


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Cessation of business


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Winding up, liquidation, bankruptcy or insolvency,


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Becoming illegal


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
DSCR falls below 1.4 according to the Annual Report


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Material adverse change


In case of any event of default occurs, the loan
becomes immediately due and payable upon the written notice of the Bank.

style='mso-bidi-font-weight:normal'>23

style='mso-bidi-font-weight:normal'>Fees:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>All legal and other fees
connecting to the credit are to be paid by the Borrower.

style='mso-bidi-font-weight:normal'>24

style='mso-bidi-font-weight:normal'>Governing law:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Hungarian Law.




 





 









style='font-size:14.0pt;line-height:115%;font-family:"Garamond",serif;
mso-fareast-font-family:"Times New Roman";text-transform:uppercase;mso-ansi-language:
EN-GB'>TERM SHEET style='font-size:14.0pt;line-height:115%;font-family:"Garamond",serif;
mso-fareast-font-family:"Times New Roman";text-transform:uppercase;mso-ansi-language:
EN-GB'>



style='font-size:14.0pt;line-height:115%;font-family:"Garamond",serif;
mso-fareast-font-family:"Times New Roman";text-transform:uppercase;mso-ansi-language:
EN-GB'> 



style='width:16.0cm;margin-left:3.5pt;border-collapse:collapse;border:none;
mso-border-alt:solid windowtext .5pt;mso-padding-alt:0cm 3.5pt 0cm 3.5pt;
mso-border-insideh:.5pt solid windowtext;mso-border-insidev:.5pt solid windowtext'>

























































































































style='mso-bidi-font-weight:normal'>1

style='mso-bidi-font-weight:normal'>Definitions style='mso-bidi-font-weight:normal'>

style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial Narrow",sans-serif'> 

style='mso-bidi-font-weight:normal'>2

style='mso-bidi-font-weight:normal'>Borrowers:

style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial Narrow",sans-serif'>X Zrt.(hereinafter: Borrower)



style='mso-bidi-font-weight:normal'>3

style='mso-bidi-font-weight:normal'>Sponsor:

style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial Narrow",sans-serif'>Mr.
K. A



style='mso-bidi-font-weight:normal'>4

style='mso-bidi-font-weight:normal'>Lender:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>C Bank style='mso-spacerun:yes'>  (hereinafter: Bank)

style='mso-bidi-font-weight:normal'>7

style='mso-bidi-font-weight:normal'>Existing Financings:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Investment Loan: 500,000,000 EUR


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Bank guarantee: 1,000,000,000 HUF


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The total exposure of
the Bank is EUR 4,500,000 (on 250 FX)

style='mso-bidi-font-weight:normal'>5

style='mso-bidi-font-weight:normal'>Loan Purpose:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The Borrower intends to
launch a new project (hereinafter: Project) to erect a new production
facility.

style='mso-bidi-font-weight:normal'>6

style='mso-bidi-font-weight:normal'>Total Net Project Cost:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>HUF 1,500,000,000

style='mso-bidi-font-weight:normal'>8

style='mso-bidi-font-weight:normal'>Requested New Financings:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Project Finance Loan:
HUF 1,000,000,000 in EUR

style='mso-bidi-font-weight:normal'>9

style='mso-bidi-font-weight:normal'>Other sources:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>HUF 500,000,000
non-refundable subsidy (hereinafter: Subsidy)

style='mso-bidi-font-weight:normal'>10

style='mso-bidi-font-weight:normal'>Maturity of the financings:

style='mso-bidi-font-style:normal'>Existing Financings


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Investment Loan 1: 31/12/2015 +50% balloon


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Bank guarantee: 31/12/2015


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Project Finance loan: 31/12/2018



style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-ansi-language:EN-GB'>11

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-ansi-language:EN-GB'>Commitment period: style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>From the commencement of
the project until December 31, 2008

style='mso-bidi-font-weight:normal'>15

style='mso-bidi-font-weight:normal'>Prepayment:



style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB;mso-bidi-font-weight:bold'>§ style='font:7.0pt "Times New Roman"'>   style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>No prepayment fee is
charged, if made on the last
day of the interest period with five banking days’ notice style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>. style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-ansi-language:EN-GB'>The minimum amount of each early repayment is
100,000 EUR. The portions of the loan which have been repaid with early
repayment may be taken again.



style='mso-bidi-font-weight:normal'>12

style='mso-bidi-font-weight:normal'>Disbursements under the New financings: style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>               



style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Upon the written request
of the Borrower, which shall be submitted to the Bank 10 banking days before
the required disbursement date. The proper written request contains the
following documentation:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Invoice was issued by the General Contractor, the
amount of which cannot be higher than the sum of the underlying subcontractor
invoices + 5%


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§  
Receipt of duly completed transfer order for benefit
to the General Contractor


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Disbursements shall be
made pro-rata with the Subsidy.

style='mso-bidi-font-weight:normal'>13

style='mso-bidi-font-weight:normal'>Interest Period:

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>3 months

style='mso-bidi-font-weight:normal'>14

style='mso-bidi-font-weight:normal'>Interest Payment:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>3 months’ EURIBOR as of
the second day prior to the end of the interest period + 2%, due on the last
day of each Interest period

style='mso-bidi-font-weight:normal'>20

style='mso-bidi-font-weight:normal'>DSRA:

Debt Service Reserve Account held with the Bank.


style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The
Borrower is obligated to maintain the current balance of HUF 100,000,000 on
the DSRA account.


style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>The
Bank is authorized to call any amount from the DSRA, if the Borrower fails to
fulfil its debt service obligation under the Existing Financings or the New
Financings. DSRA could be used only for debt service in case of temporary insolvency
and Borrower is obligated to refill within 1 month.

style='mso-bidi-font-weight:normal'>21

style='mso-bidi-font-weight:normal'>DSCR:

Debt Service Coverage Ratio stipulated by the Bank in every year
during the whole financing period upon the audited annual report of the
Borrower.



style='mso-bidi-font-weight:normal'>16

style='mso-bidi-font-weight:normal'>Loan To Value (LTV):

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>max.75%

style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>18

style='mso-bidi-font-weight:normal'>Assignments:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Bank is authorized to
assign and transfer their claims against Borrower in whole or in part to
other financial institutions upon notice to the Borrower.


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Borrower may not assign
either its rights or its liabilities to third party.

style='mso-bidi-font-weight:normal'>17

style='mso-bidi-font-weight:normal'>Collateral:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Floating charge on all assets


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Security deposit regarding to the DSRA and ORA


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Assignment of all incomes, claims and insurances


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Mortgage on the Property


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Purchase option of the Bank



17

Sponsor’s
Undertakings:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>As a Condition Precedent
to the disbursement of the New Financings, the Sponsor has to meet the
following requirements:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Symbol;
mso-fareast-font-family:Symbol;mso-bidi-font-family:Symbol;mso-ansi-language:
EN-GB'>·      
Provide unconditional suretyship in the amount of
HUF 150,000,000, which may be released one year following the Project
completion, but not before 31/12/2011, provided that no Event of Default has
occurred.


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Symbol;
mso-fareast-font-family:Symbol;mso-bidi-font-family:Symbol;mso-ansi-language:
EN-GB'>·      
Top up the existing DSRA amount with additional HUF
25,000,000 from own sources.

style='mso-bidi-font-weight:normal'>22

style='mso-bidi-font-weight:normal'>Documentation:

The
Document must be in compliance with the Euro loan standards, and must include
the following requirements:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>1. Condition Precedents style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB;mso-bidi-font-style:italic'>of
the Project Finance Loan:


§ style='font:7.0pt "Times New Roman"'>  style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Resolution of style='mso-highlight:yellow'>the Borrower’s General Meeting
regarding the New Financings


style='mso-list:Ignore'>§  style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-highlight:yellow;
mso-ansi-language:EN-GB'>Borrower’s Deed of Foundations style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>;


style='mso-list:Ignore'>§  style='font-size:9.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Folio of Title of the
Property, mortgage and purchase option of the Bank registered thereon, but no
other encumbrance


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Existence and availability of all collaterals


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Notarized documentation


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Sponsor’s Undertakings as defined in this Term Sheet
has been duly completed


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Certifications that the Borrower has no public dues
(taxes, duties)


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB;mso-bidi-font-weight:bold;mso-bidi-font-style:italic'> style='mso-list:Ignore'>§  style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>All insurances are
existing and assigned to the Bank and payment of fees is verified


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
DSRA is filled up to the prescribed amount


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Duly signed Subsidy Agreement


style='mso-bidi-font-weight:normal'>2. style='mso-bidi-font-weight:normal'> Borrower’s undertakings style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB;
mso-bidi-font-style:italic'>of the Project Finance Loan style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>:


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Full account turnover shall be funnelled through the
accounts held with the Bank


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Pari passu


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Negative pledge


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Cross default


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Provision of all information required by the Bank


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Material Adverse Change


style='font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-no-proof:
no'>§ 
Any new exposure (loan; guarantee; etc.) is subject to the
prior written consent of the Bank


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Borrower may not sell any of its tangible or
intangible assets in excess of  HUF
30,000,000


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Borrower shall not pledge any of its tangible or
intangible assets in excess of HUF 10,000,000


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Borrower may conclude contracts only at arm’s length


style='mso-bidi-font-weight:normal'>3. Event of default style='font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
"Arial Narrow",sans-serif;mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>::


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Event of default under any other contracts of the
Borrower


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Non-observance of any main contractual provisions


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Late payment under the Existing Financings and the
New Financings


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Cessation of business


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Winding up, liquidation, bankruptcy or insolvency,


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Becoming illegal


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
DSCR falls below 1.4 according to the Annual Report


style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Wingdings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings;mso-ansi-language:
EN-GB'>§ 
Material adverse change


In case of any event of default occurs, the loan
becomes immediately due and payable upon the written notice of the Bank.

style='mso-bidi-font-weight:normal'>23

style='mso-bidi-font-weight:normal'>Fees:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>All legal and other fees
connecting to the credit are to be paid by the Borrower.

style='mso-bidi-font-weight:normal'>24

style='mso-bidi-font-weight:normal'>Governing law:

style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:"Arial Narrow",sans-serif;
mso-bidi-font-family:Tahoma;mso-ansi-language:EN-GB'>Hungarian Law.




 





 







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