GENERAL PLEDGING

GENERAL PLEDGING

Pledging no.
 

Borrower

Name
MOBITEC AKTIEBOLAG

Civic registration/Business organisation no.

Pledger

Name
MOBITEC AKTIEBOLAG

Civic registration/Business organisation no.

Lenders

Svenska Handelsbanken AB (publ) and/ or Handelsbanken Finans AB (publ) and/or Stadshypotek AB (publ) and/or Svenska Handelsbanken S.A., and/or Bank Svenska Handelsbanken Polska S.A.

Pledge
Information

Pledged property, i.e. a pledge, constitutes the Lender’s security for the borrower’s undertakings to pay his debt and accrued Interest, charges and costs. If the borrower does not meet his commitments the pledge can be immediately utilised by the Lender If there are a number of pledges the Lender may freely choose which pledges to utilise. The pledge remains whether or not any community of Interest between the pledger and the borrower might cease. Pledging may decrease the value of the property as security for other loans and otherwise affect the pledger’s right of disposition over the property. As regards the order in which the Lender may utilise security (pledges, guarantees etc.), the Lender’s care of the pledge, any guarantor’s right to the pledge etc., see the “ General Terms ” for General Pledging.

Property pledged

As security for all obligations towards the lenders, the following property is pledged on the terms and conditions set out in this document. The pledging covers all the borrower’s obligations — including his own guarantees — towards the lenders from time to time in accordance with the terms and subject to the restrictions set out in the “ General Terms ” for General Pledging.

Chattel mortgage on 9,200,000 SEK within 18,000,000 SEK in all our property / in our business activity

Insurance company

Full value insurance

Insurance cover, SEK (if “No”)

Deductible

SEK (If “Yes”)

o Yes      o No

o Yes      o No

I/We confirm that the property pledged is insured against fire as set out above and undertake to maintain Insurance cover to at least the same extent as long as the pledge applies.

Pledger’s signature

I/We confirm that I/we have read the above information, all the pages of the contract and the “ General Terms ” for General Pledging.

Date
2009-06-16

Pledger’s signature

MOBITEC AKTIEBOLAG

/s/ Agne Axelsson

1.

Borrower

In this general pledging, borrower also means a party who in relation to Handelsbanken Finans AB is a lessee. The general pledging thus also covers any commitments which the borrower may have towards Handelsbanken Finans AB by virtue of leasing agreements.

2.

Costs etc

The pledger shall reimburse the lender for the costs and work associated with obtaining, maintaining and utilising the agreed security and also for lodging of proof and collecting the lender’s claims on the borrower or on any other party liable for payment thereof.

3.

Limitation of the scope of the pledging

This pledging does not constitute collateral for

4.

The Bank’s right to sell pledged financial instruments

If the security consists in full or in part of financial instruments and if the value for borrowing purposes assigned by the Bank declines, implying that the security is no longer satisfactory, the borrower must at the request of the Bank immediately provide additional security. If such security is not provided or if the Bank is unable to contact the borrower within a reasonable period of time, the Bank has the right, but not the obligation, to sell the required portion of the financial instruments. The proceeds shall be deposited to an interest-bearing account and continue to constitute security.

5.

Sequence of utilisation of security

The lender may determine the sequence in which the security (pledges, guarantees, etc) shall be utilised.

6.

Yield on pledge etc

Yield and all other rights based on the pledge are also covered by the pledging and constitute a pledge. Thus, the pledging of shares, for example, includes the right for the lender to particip