Ubisoft 2003 Annual Report Download - page 97

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FINANCIAL REPORT
2004 97
03
Declaration by the statutory auditors
19. Assignment of claim against Ubi.com Inc. to
Ubisoft Holdings Inc.
Director concerned: Messrs. Yves, Claude, Michel, Christian
and Gérard Guillemot
Guillemot
Nature and purpose: Authorization to assign a claim in the
amount of US $3,359,000 held by Ubi.com Inc. to Ubisoft
Holdings Inc. In return, three shares in Ubisoft Holdings Inc.
will be issued on behalf of Ubisoft Entertainment SA, valued
at US $1,119,666.60 each.
This agreement was approved at the Board meeting held on
December 22, 2003.
20. Global authorization to guarantee commit-
ments made by Ubisoft Inc. and Ubisoft EMEA
SARL for a maximum sum of K¤20,000
Director concerned: Messrs. Yves, Michel, Gérard, Claude
and Christian GUILLEMOT
Nature and purpose:
●With regard to Ubisoft Inc.: Authorization to guarantee
commitments made with Nintendo of America Inc.,
Microsoft Licensing Inc. and Sony Disk Manufacturing,
companies incorporated under American law, up to a
maximum of K¤20,000 taken cumulatively with the guaranteed
commitments made to Ubisoft EMEA SARL.
●With regard to Ubi EMEA SARL: Authorization to guarantee
commitments made with Nintendo of Europe GmbH, a
company incorporated under German law; Sony DADC
Austria AG, a company incorporated under Austrian law;
and Microsoft Licensing Inc., a company incorporated under
American law, up to a maximum of K¤20,000 taken
cumulatively with the guaranteed commitments made to
Ubisoft Inc.
This agreement was approved at the Board meeting held on
April 10, 2003.
21. Global authorization to guarantee commitments
made by Ubisoft Inc. and Ubisoft EMEA SARL
for a maximum sum of K¤8,000
Director concerned: Messrs. Yves, Michel, Gérard, Claude
and Christian GUILLEMOT
Nature and purpose:
●With regard to Ubisoft Inc.: Authorization to guarantee
commitments made with Nintendo of America Inc.,
Microsoft Licensing Inc. and Sony Disk Manufacturing,
companies incorporated under American law, up to a max-
imum of K¤8,000 taken cumulatively with the guaranteed
commitments made to Ubisoft EMEA SARL.
●With regard to Ubi EMEA SARL: Authorization to guarantee
commitments made with Nintendo of Europe GmbH, a
company incorporated under German law; Sony DADC
Austria AG, a company incorporated under Austrian law;
and Microsoft Licensing Inc., a company incorporated under
American law, up to a maximum of K¤8,000 taken
cumulatively with the guaranteed commitments made to
Ubisoft Inc.
This agreement was approved at the Board meeting held on
August 1, 2003.
22. Brand licensing agreement with Gameloft SA
Director concerned: Messrs. Yves, Michel, Gérard, Claude
and Christian GUILLEMOT
Nature and purpose: Partial licensing agreement for brands
licensed exclusively for the development of interactive video
games for telephone, fax and telecommunications devices;
personal digital assistants (PDAs); and interactive television.
Term: 10 years as of April 1, 2002.
Total royalties collected during the fiscal year: ¤59,089
(excluding tax).
This agreement was approved with retroactive effect at the
Board meeting held on August 18, 2003.