FIH-LOAN AGREEMENT #1204901
The Term Loan can be allocated between the following Debtors at the Debtors’
discretion (subject only as set forth below):
250 Parkway Drive, Suite 270
Sauer-Danfoss Holding ApS
The Principal must be fully drawn in one draw down notice. If the Principal is split
between the two Debtors, each term loan will have a separate FIH-loan number.
Both term loans will be governed by this Loan Agreement.
The borrowing amount allocated to Sauer-Danfoss Holding ApS must be
approved by both Sauer-Danfoss Holding ApS and Sauer-Danfoss Inc.
Enclosed in the draw down and approval letter to the Creditor (as defined
below) must be a confirmation of the guarantee from Sauer-Danfoss Inc.
covering the payments under the allocation to Sauer-Danfoss Holding ApS to the
Creditor according the paragraph “Guarantor” and “Draw down” in this Loan
A Debtor will only be liable for the repayments (including interests, amortization,
fees, etc.) related to amounts allocated to that Debtor (i.e., the Debtors will not
be jointly liable for all payments under this Loan Agreement). However, Sauer-
Danfoss Inc. will be responsible for all payments under this Loan Agreement as
either Debtor or Guarantor for the allocated amount to Sauer-Danfoss Holding
FIH Erhvervsbank A/S
Langelinie Alle 43
2100 Copenhagen O
USD or EUR