Attached files
EXHIBIT 99.2
BANK LIABILITIES - ARROW CARS INTERNATIONAL INC AND ARROW CARS S.L.
The following is a summary of the terms of various bank credit lines and
leasing contracts of Arrow Cars International, Inc. and Arrow Cars S.L.
BANKINTER S.A.:
CREDIT LINES:
BANKINTER CREDIT LINE 327:
Interest rate: Variable & Average EURIBOR over three months + 2.50%.
Term: No expiry date but renewable every year.
Use & application of loan: Revenue earning equipment - cars.
BANKINTER CREDIT LINE 114:
Interest rate: Average EURIBOR over three months + 2.50%.
Term: Yearly renewable.
Use & application of loan: Revenue earning equipment - cars.
BANKINTER LEASING CONTRACTS:
LEASING CONTRACT - 900017:
Interest rate: 3.34%. Variable
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT -900024:
Interest rate: 2.76%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT- 900031:
Interest rate: 2.69%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT- 000026:
Interest rate: 2.71%. Variable.
Term: 60 months
Use & application of loan: purchase of trackers
LEASING CONTRACT- 000033:
Interest rate: 2.72%. Variable.
Term: 60 months.
Use & application of loan: purchase of trackers
LEASING CONTRACT- 000047:
Interest rate: 3.16%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
BANK LIABILITIES - ARROW CARS INTERNATIONAL INC AND ARROW CARS S.L.
LEASING CONTRACT -000054:
Interest rate: 2.72%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT- 100056:
Interest rate: 6.51%. Variable.
Term: 36 months
Use & application of loan: purchase of car lift
LEASING CONTRACT- 200016:
Interest rate: 6.33%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT-200044:
Interest rate: 4.89%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT- 200051:
Interest rate: 6.33%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT- 200065:
Interest rate: 5.73%. Variable.
Term: 36 months
Use: purchase of tool box
LEASING CONTRACT- 200072:
Interest rate: 6.33%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
LEASING CONTRACT- 200086:
Interest rate: 6.33%. Variable.
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
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BANK LIABILITIES - ARROW CARS INTERNATIONAL INC AND ARROW CARS S.L.
BANCO POPULAR ESPANOL S.A.:
BANCO POPULAR CREDIT LINE:
Interest rate: 3.00%.Variable.
Term: 12 months renewable
Use & application of loan: Revenue earning equipment - cars.
BANCO POPULAR BANK LOAN:
Interest rate: 4,997%. Fixed
Term: 60 months.
Use: Partial cancellation of Bankinter credit line
identified with number 114
BANCO POPULAR LEASINGS CONTRACTS:
There are 37 Banco Popular leasing contracts in total, of which the following
contracts are all subject to the same terms and conditions: - 1402; - 1321; -
1317; - 1310; -1311; - 1318; - 1312; - 1319; - 1313; - 1320; - 1322; - 1306; -
1323; - 1324; - 1332; - 1309; - 1328; - 1308; - 1315; - 1325; - 1305; - 1316; -
1329; - 1330; - 1327; - 1333; - 1334; - 1335; - 1331 and - 1403:
Interest rate: 4.243%. Fixed interest
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
Those Banco Popular Leasing contracts identified as: - 7665, 7663, 7664, 7668,
and 7669 - are all subject to the following terms and conditions:
Interest rate: 6.62%. Fixed
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
The terms and conditions of Banco Popular Leasing contract - 7666 are as
follows:
Interest rate: 6.33%. Fixed
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.
The terms and conditions of Banco Popular Leasing contract - 1073 are as
follows:
Interest rate: 6.257%. Fixed
Term: 60 months
Use & application of loan: Revenue earning equipment - cars.