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2.1.3. The French agency will be the first one to be set up and will be created in the immediate weeks following the setup of the holding company. Target is to have (as per Appendix 1) a French company that can be set up in June/July 2014 and can operate starting from September with an approved lice
The Operating Investor cannot leverage the companies with extra debt not coming from the Financial Investor (as explained in point 1.7.2.2.) 1.5.2. The Operating Investor has a clear ceiling of yearly spend that is approved by the Financial Investor in writing after presenting the budget each year. To surpass this le
2.1.3. The French agency will be the first one to be set up and will be created in the immediate weeks following the setup of the holding company. Target is to have (as per Appendix 1) a French company that can be set up in June/July 2014 and can operate starting from September with an approved lice
The Operating Investor cannot leverage the companies with extra debt not coming from the Financial Investor (as explained in point 1.7.2.2.) 1.5.2. The Operating Investor has a clear ceiling of yearly spend that is approved by the Financial Investor in writing after presenting the budget each year. To surpass this le
2.1.3. The French agency will be the first one to be set up and will be created in the immediate weeks following the setup of the holding company. Target is to have (as per Appendix 1) a French company that can be set up in June/July 2014 and can operate starting from September with an approved lice
The Operating Investor cannot leverage the companies with extra debt not coming from the Financial Investor (as explained in point 1.7.2.2.) 1.5.2. The Operating Investor has a clear ceiling of yearly spend that is approved by the Financial Investor in writing after presenting the budget each year. To surpass this le
Entities connected to both Target and The Operating Investor

Geneva
LOCATION
Milan
LOCATIONAnnexes
ORGANIZATIONGiancarlo Galati
PERSONwan .mtrais
PERSONO. taw n*
PERSONItte Wawa aloe le Sets Sew ems
PERSONta so% ne
PERSONS. O. • K
PERSONthe Financial Investor
ORGANIZATIONma ~Ws Aiwa
ORGANIZATIONSeptets
ORGANIZATIONAmman
LOCATIONSmorrou
PERSON