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Exhibit 10.33
UGI Corporation
000 Xxxxx Xxxxx Xxxx
Xxxx xx Xxxxxxx
Xxxxxxxxxxxx 00000
XXX
Raiffeisen Zentralbank Osterreich
Aktiengesellschaft
Xx Xxxxxxxxx 0
0000 Xxxx
Xxxxxxx
Statement regarding Guarantee Agreement (B) dated 21 September 1999
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Ladies and Gentlemen,
We have taken note of the attached amendment offer of Flaga GmbH (the "Offer").
We hereby irrevocably and unconditionally agree that the Offer be accepted by
your bank.
Moreover, we hereby irrevocably and unconditionally agree and confirm that the
Guarantee Agreement (B) as executed and concluded in Bratislava on 21 September
1999 by and between your bank as beneficiary and our company as guarantor shall
remain in full force and effect and fully applicable in accordance with its
terms in the event that you accept the Offer (such Guarantee Agreement (B) shall
of course also remain in full force and effect and fully applicable in
accordance with its terms in the event that you do not accept the Offer).
..........., dated 21.09.2000 UGI Corporation
1 Attachment: Offer of Flaga GmbH dated 21.09.2000
We hereby accept the above statement of UGI Corporation:
Bratislava, dated 21.09.2000 Raiffeisen Zentralbank Osterreich
Aktiengesellschaft
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FLAGA GmbH
Xx xxx Xxxxxxxxxxxxx 0
0000 Xxxxxxxxxx
Xxxxxxx
Raiffeisen Zentralbank
Osterreich Aktiengesellschaft
Am Stadtpark 0
0000 Xxxxxx
Xxxxxxx
............, 21 September 2000
RE.: OFFER (B)
Dear Sirs,
we, FLAGA GmbH, Xx xxx Xxxxxxxxxxxxx 0, 0000 Xxxxxxxxxx, Xxxxxxx, herewith refer
to our previous Offer (B) (hereinafter the "Offer (B)") and propose to amend the
terms of Offer (B) as follows (Clauses referred to herein are Clauses of Offer
(B)):
The amount in Clause 1.1 shall be replaced by EURO 14,959,285.00
(fourteenmillionninehundredandfiftyninethousand-twohundredeightyfive).
The amounts in Clauses 1.2 (a), (b) and (c) shall be added up to one Tranche
("Tranche I") and reduced to the aggregate of EURO 6,959,285.00. The amounts in
Clause 1.2 (d) and (e) shall be added up to one Tranche ("Tranche II") in the
aggregate of EURO 8,000,000.00. Up to EURO 1,500,000.00, Tranche II can be used
for the issuance of guarantees. Provisions of the Offer (B) applying to Tranches
I, II and III shall now apply to Tranche I, and provisions of the Offer (B)
applying to Tranches IV and V shall now apply to Tranche II.
The date in Clause 2.1.(b) shall be replaced by 30 August 2003.
In Clause 4.1 (a) and (d), "clause 4.1 (e), (f), (g) and (h) shall be replaced
by: "clause 4.1 (e) and (f)".
Clause 4.1 (e) shall be replaced by the following: "The Final Maturity of
Tranche I shall be 31 August 2007"
Clause 4.1 (f) shall be replaced by the following: "The Final Maturity of
Tranche II shall be 30 September 2003; in August 2003, the parties shall enter
into negotiations for an extension of the Final Maturity of Tranche II for an
additional period of one year."
Clauses 4.1 (g) and (h) shall be deleted.
Clause 6.1 (a) and (b) shall be replaced by the following:
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"6.1 Subject to clause 4.1 (e) and (f) as applicable to the respective Tranche,
repayments shall be made as follows:
(a) in respect of Tranche I, repayments have to be made on the date and in
amounts as follows:
Date Amount in ATS Amount in EUR
----------------------------------------------------------
01.02.2001 11.320.500 822.693
01.08.2001 11.320.500 822.693
01.02.2002 11.320.500 822.693
01.08.2002 11.320.500 822.693
31.12.2002 10.789.250 784.085
01.02.2003 6.083.000 442.069
30.06.2003 6.087.000 442.360
01.02.2004 3.440.075 250.000
01.08.2004 3.440.075 250.000
01.02.2005 3.440.075 250.000
01.08.2005 3.440.075 250.000
01.02.2006 3.440.075 250.000
01.08.2006 3.440.075 250.000
01.02.2007 3.440.075 250.000
01.08.2007 3.440.075 250.000
(b) in respect of Tranche II, repayment shall be made on the respective Final
Maturity."
All other clauses of Offer (B) shall remain unchanged.
You can accept the present proposal by debiting our account no. 1-00.640.763
with an account fee in the amount of ATS 400.00, not later than 21 September
2001. You are hereby irrevocably authorized to make such debit.
If you accept the present proposal, the respective amendments shall also apply
to any agreement resulting from Offer (B).
With kind regards,
FLAGA GmbH
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