According to the Special Investment Purpose Companies Act and the Public Offering of Securities Act, the cash-equivalent assets of Bulland Investments have to be kept at a deposit bank. Bulland Investments has chosen Eurobank Bulgaria as its deposit bank. The contract between the two parties states that:

Eurobank Bulgaria

  • is required to keep the cash-equivalent assets of Bulland Investments in the comapany's accounts;
  • is required to accept and store available secuirities of Bulland Investments;
  • is required to perform any payments and transactions, as well as actions related to the deposits and securities, as requested by Bulland Investments in accordance with the terms set forth in the Law (all transaction fees are to be paid by Bulland Investments).

Bulland Investments

  • is required to open (an) account(s) at the deposit bank;
  • is required to deposit in due time the acquired monetary assets and secuirities at the deposit bank;
  • is required to manage its assets through its legitimate representatives or through parties authorized by them;
  • is required to provide the deposit bank a report on the costs of managing the company so that the deposit bank is able to confirm that the costs comply with the limits set forth in Article 7, paragraph 5 of the Special Investment Purpose Companies Act;
  • is required to keep its cash-equivalent assets and secuirities only at the deposit bank;
  • is required to perform all its non-cash payments only through the deposit bank.

The contract between Bulland Investments and Eurobank Bulgaria can be terminated only with the approval of the Financial Supervision Commision and the presence of certain conditions.