Ubisoft 2000 Annual Report Download - page 83

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82
1-5. WITH UBI SOFT HOLDINGS INC
>Agreement authorized by the Board of Directors on September 15, 2000.
Loan granted to the subsidiary of USD 20,000,000 and repaid at the LIBOR rate plus 0.5% annually.
The directors involved in the above agreements were: Yves Guillemot, Michel Guillemot, Claude
Guillemot, Gérard Guillemot and Christian Guillemot.
2. AGREEMENTS REACHED DURING THE PREVIOUS FINANCIAL YEAR WHICH REMAINED IN
FORCE DURING THIS FINANCIAL YEAR.
Moreover, pursuant to the decree of March 23, 1967, we have been informed that the following agreement,
which was approved during a previous financial year, remained in force during the past financial year:
WITH LUDIMEDIA SA
Directors concerned: Michel Guillemot, Claude Guillemot, Gérard Guillemot and Christian Guillemot.
Agreement authorized by the Board of Directors on December 1, 1998.
Under a license agreement for educational and cultural software, your company paid a total of FF
2,673,107.44 (excluding tax) during the financial year ended March 31, 2001.
3. AGREEMENT REACHED DURING THIS FINANCIAL YEAR WITHOUT PRIOR AUTHORIZATION
As the statutory auditors of your company, we are also including our report on agreements covered by
Article L 225-42 of the Commercial Code.
Under Article L 225-240 of this code, we hereby advise you that the agreement below was not given prior
authorization by your Board of Directors.
On the basis of the information given to us, it is our responsibility to inform you of the essential features
and details of this agreement and the circumstances in which the authorization procedure was not followed,
but without passing judgment on its usefulness and validity.
WITH UBI VENTURES SA
Sale of 26,672 shares held in STUDENTS-LIFE SA, i.e. 10% of the share capital, for a total of FF 999,910.
The meeting of the Board of Directors on September 1, 2000 was not able to authorize this agreement
because all the directors were joint directors of the two companies.
Rennes and Paris, 08/21/2001
BY THE STATUTORY AUDITOR
CABINET ANDRÉ MÉTAYER COMPAGNIE CONSULAIRE D’EXPERTISE COMPTABLE J. DELQUIÉ
André Métayer Jean Delquié / Benoît Fléchon