INTERCOMPANY LOAN AGREEMENT
CASCAL B.V. and BIWATER PLC
21 June 2007
We, Cascal B.V. (the Intercompany Loan Provider) , offer to place at the disposal of Biwater Plc (the
Borrower), a US Dollar loan facility in the maximum aggregate principal amount of $400,000.
The Intercompany Loan Provider hereby agrees to advance funds to the Borrower in one tranche for value date
21 June 2007.
The Borrower irrevocably directs the Intercompany Loan Provider to pay the amount of any advance under this
Intercompany Loan Agreement to the bank account as it may notify to the Intercompany Loan Provider for this
The Borrower promises to repay on the 28 June 2007, the principal sum of $400,000 or so much thereof as may
have been advanced by the Intercompany Loan Provider to the Borrower as Intercompany Loans. If events take
place that put the Borrower in a position whereby they are likely to default on the agreed repayment terms, the
Intercompany Loan Provider and the Borrower may mutually agree in writing, not more than three days prior to
the 25 June 2007, to extend the repayment period.
3. Intercompany Loan Interest
The Intercompany Loan made pursuant to this Agreement shall bear no interest.
4. Voluntary Prepayment
The Borrower shall have the right, in the Borrower’s sole discretion, to repay the Intercompany Loan Provider all
or any proportion of the principal amount of any Intercompany Loans at any time before the Maturity Date.
The Borrower makes the following representations and warranties to the Intercompany Loan Provider on the
date of this Agreement:
(a) It is a company with limited liability, duly incorporated and validly existing under the laws of its jurisdiction of
(b) It has the power to own its assets and carry on its business as it is being conducted.
(c) It has the power to enter into and perform this Agreement and the transactions contemplated by this