18 DECEMBER 2006
FX ENERGY NETHERLANDS B.V.
THE ROYAL BANK OF SCOTLAND PLC
AGREEMENT FOR PLEDGES
OVER SHARES IN FX ENERGY POLAND SP. Z O.O.
This Agreement is made in Warsaw on 18 December 2006 between:
each hereinafter referred to as a Party and jointly, as the Parties .
NOW, THEREFORE THE PARTIES AGREED AS FOLLOWS:
In this Agreement:
“ Articles of Association ” means the articles of association ( akt zalozycielski ) of the Company as
amended from time to time.
“ Bankruptcy Law ” means the Act on Bankruptcy and Restructuring of 28 February 2003 (Dz. U. No. 60
item 535, as amended).
“ Catalogue ” means the Catalogue of description of the object of registered pledge as attached to the
Ordinance of the Minister of Justice on the detailed organisation and maintenance of the register of
pledges of 15 October 1997 (Dz. U. No. 134 item 982, as amended).
“ CCC ” means Polish Commercial Companies Code of 15 September 2000 (Dz.U. No. 94, item 1037, as
“ Civil Code ” means Polish Civil Code of 23 April 1964 (Dz.U. No.16 item 93, as amended).
“ Civil Procedure Code ” means Polish Civil Procedure Code of 17 November 1964 (Dz. U. No 43, item
296, as amended).
“ Company ” means FX Energy Poland Spólka z ograniczona odpowiedzialnoscia with its seat in
Warsaw, at ul Chalubinskiego 8, registered in the register of entrepreneurs kept by the District Court for
the capital city of Warsaw in Warsaw, XII Commercial Division of the National Court Register under no.
KRS 0000052459, REGON 012659847.
“ Distributions ” means the shareholders’ rights to all dividends and other distributions, whether in
FX ENERGY NETHERLANDS B.V. , with its seat in Utrecht and the place of business at Drentestraat
24 BG, 1083HK Amsterdam, registered in the Chamber of Commerce and Industries in Amsterdam under
number 30132757, (“ Pledgor ”), having no R