ASSET FINANCING AGREEMENT
Between the Corporation designated in the attached "customer specific conditions" and hereafter referred as "the
IFN Finance SA, whose principal place of business is located at Levallois-Perret (922300), 39 rue Anatole
France, hereafter referred as "IFN "
It has been agreed the following:
Based on the information provided by the Customer and its management, IFN agrees to enter into an Asset
Backed Financing Agreement with the Customer, this agreement being made of the "General conditions" hereafter
defined and the attached "Customer Specific Conditions".
Article 1: Object of the Agreement
Subject to the conditions stipulated in this agreement, and consideration of its remuneration, IFN agrees to
provide financing to the Customer based on the balance of its account receivables as it appears at the end of each
Article 2: Scope of the Agreement
This agreement is applicable to receivables generated by the sale of goods and services provided the
corresponding transactions are firm. During the duration of this agreement, the Customer agrees to transfer to
IFN Finance all receivables falling within the scope of this agreement and to not enter into any other agreement
with a third party which would be in competition with IFN.
Are excluded from the scope of this agreement receivables corresponding to:
o Advance payments, conditional sales, consignments, partial or pro-forma invoicing, temporary invoicing
o Invoicing of penalties, late payment interest and other charges Are also excluded receivables from businesses
over which the customer has an effective controls or which conversely controls the customer by participating to:
o its management
o its financial structure
The respect of the above defined scope of the agreement will be the customer's responsibility, IFN having no
control to perform.
Article 3: Current Account
All transactions related to this agreement will be posted to a current accou