Ubisoft 2006 Annual Report Download - page 126
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Special Auditors’ report fiscal year ended
March 31, 2007 on regulated agreements
UBISOFT • FINANCIAL REPORT 2007
Dear Shareholders:
In our capacity as auditors of your company, we hereby present our report on regulated agreements and commitments.
I - Agreements and commitments authorized during the fiscal year
Pursuant to Article L. 225-40 of the French Commercial Code, we have been advised of the agreements and commitments
for which prior authorization was granted by your Board of Directors in fiscal year 2006/07.
It is not our responsibility to look for other agreements and commitments that may exist, but to inform you, on the basis
of the information provided to us, of the basic features and terms of those of which we have been advised, without passing
judgment on their usefulness and validity. According to the provisions of Article R. 225-31 of the French Commercial Code,
it is your responsibility to assess whether it is in your interest to enter into these agreements and commitments before
approving them.
We have carried out our work in accordance with accepted professional standards in France. These standards require due
diligence in order to ascertain that the information provided to us is consistent with the source documents from which it was
derived.
1) Authorization to lease and construction permit
Persons concerned:
Messrs. Yves and Christian Guillemot, Directors
Nature and purpose:
On May 31, 2006, your Board of Directors authorized your company to guarantee commitments made by its subsidiary,
Ubisoft Ltd., with Sun Life Pension Management Limited in connection with the lease of the premises located at Chertsey
Gate, East London Street, Chertsey, Surrey, England, and the construction permit related to said premises.
Terms:
The surety bond issued by your company totaled €3,160,791 at March 31, 2007.
2) Authorization related to commitments made by Ubisoft Entertainment SA for Ubisoft EMEA SARL
and Ubisoft Inc.
Persons concerned:
Messrs. Yves, Michel, Christian, Gérard and Claude Guillemot, Directors
Nature and purpose:
On November 13, 2006, your Board of Directors authorized your company to guarantee commitments made by:
• Ubisoft Inc. with Nintendo of America Inc., Sony Disc Manufacturing and Microsoft Licensing Inc, companies formed under
US law.
• Ubisoft EMEA SARL with Nintendo of Europe GmbH, a company formed under German law, Sony DADC Austria AG,
a company formed under Austrian law, and Microsoft Licensing Inc., a company formed under US law.
Terms:
The limit of the guarantees was set at a combined total of €40,000,000 for both companies. The authorization is valid for
18 months.
3.8