EX-99.4 5 tm2223321d1_ex99-4.htm EXHIBIT 99.4

 

Exhibit 99.4

 

Execution Version 

 

AMENDED AND RESTATED SUPPLEMENTAL CONFIRMATION NO. 5

 

Date: August 10, 2022
   
To: QH Hungary Holdings Limited
  BAH Center | 2 Furj street, Building B, Ground fl.
  1124 Budapest, Hungary
  Attn: Balazs Horvath Dr
  T: +36 1 646 4638
  Email: balazs.horvath@bekespartners.com, rozsa.juci@gmail.com
   
From: Citibank, N.A
Fax No.: 212-615-8985

 

Reference Number:           To be advised.

 

The purpose of this Amended and Restated Supplemental Confirmation is to amend and restate the terms and conditions of the Transaction entered into between Citibank, N.A. (“Dealer”) and QH Hungary Holdings Limited (“Counterparty”) on March 9, 2021 (the “Original Transaction”). This Amended and Restated Supplemental Confirmation, dated August 10, 2022, amends and restates in its entirety the Supplemental Confirmation, dated March 9, 2021 (the “Original Supplemental Confirmation”), as is subject to the Master Confirmation specified below. Each party repeats to the other party the representations and warranties set forth in the Master Confirmation and in the Agreement (as defined in the Master Confirmation) (as if the Amendment and Restatement Date were the Trade Date, the date the parties entered into a Transaction and the date of the Master Confirmation). This Amended and Restated Supplemental Confirmation is a binding contract between Dealer and Counterparty as of the Amendment and Restatement Date for the Transaction referenced below.

 

1.       This Amended and Restated Supplemental Confirmation supplements, forms part of, and is subject to the Master Terms and Conditions for Prepaid Variable Share Forward Transactions dated as of May 19, 2020 between Dealer and Counterparty (as amended and supplemented from time to time, the “Master Confirmation”). All provisions contained in the Agreement (as modified and as defined in the Master Confirmation) shall govern this Amended and Restated Supplemental Confirmation, except as expressly modified below, and capitalized terms used but not defined herein shall have the meanings specified in the Master Confirmation.

 

2.       The terms of the Transaction to which this Amended and Restated Supplemental Confirmation relates are as follows:

 

Trade Date: March 9, 2021
   
Amendment and Restatement Date: August 10, 2022
   
Prepayment Amount: USD 20,861,652
   
Prepayment Date: The first Currency Business Day on which all of the conditions specified in Section 4 of the Master Confirmation are satisfied or waived by Dealer and Counterparty satisfied its obligations under Section 6(d) of the Master Confirmation; provided that, if such conditions are first all satisfied or waived after 3:00 p.m., New York time, on a Currency Business Day, the Prepayment Date shall be the next following Currency Business Day.
   
First Amendment Payment Amount: USD 400,334.77. Counterparty agrees to pay Dealer the First Amendment Payment Amount on the First Amendment Payment Date.
   
First Amendment Payment Date: The second Currency Business Day following the Amendment and Restatement Date.

 

 

 

 

Initial Share Price: USD 184.2694
   
Forward Floor Price: USD 184.2694
   
Forward Cap Price: USD 202.6963
   
Final Disruption Date: August 20, 2024
   
Contractual Dividend: USD 0.435 per quarter

 

For each Component of the Transaction, the Number of Shares and the Scheduled Valuation Date are as set forth below.

 

Component Number  Number of Shares  Scheduled Valuation Date
1  395  5/28/2024
2  395  5/29/2024
3  395  5/30/2024
4  395  5/31/2024
5  395  6/3/2024
6  395  6/4/2024
7  395  6/5/2024
8  395  6/6/2024
9  395  6/7/2024
10  395  6/10/2024
11  395  6/11/2024
12  395  6/12/2024
13  395  6/13/2024
14  395  6/14/2024
15  395  6/17/2024
16  395  6/18/2024
17  395  6/20/2024
18  395  6/21/2024
19  395  6/24/2024
20  395  6/25/2024
21  395  6/26/2024
22  395  6/27/2024
23  395  6/28/2024
24  395  7/1/2024
25  395  7/2/2024
26  395  7/5/2024
27  395  7/8/2024
28  395  7/9/2024
29  395  7/10/2024
30  395  7/11/2024
31  395  7/12/2024
32  395  7/15/2024
33  394  7/16/2024
34  394  7/17/2024
35  394  7/18/2024
36  394  7/19/2024
37  394  7/22/2024
38  394  7/23/2024
39  394  7/24/2024
40  394  7/25/2024
41  394  7/26/2024
42  394  7/29/2024
43  394  7/30/2024
44  394  7/31/2024
45  394  8/1/2024
46  394  8/2/2024
47  394  8/5/2024
48  394  8/6/2024
49  394  8/7/2024
50  394  8/8/2024

 

2

 

 

Dealer represents, warrants and covenants to Counterparty that any and all sales of Shares in connection with establishing Dealer’s initial Hedge Positions with respect to the Original Transaction have been made in compliance with and in accordance with the manner-of-sale conditions described in Rule 144(f) and (g) under the Securities Act (as interpreted by the Interpretive Letters).

 

Counterparty hereby agrees (a) to check this Amended and Restated Supplemental Confirmation carefully and immediately upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing correctly sets forth the terms of the agreement between us with respect to the particular Transaction to which this Amended and Restated Supplemental Confirmation relates by manually signing this Amended and Restated Supplemental Confirmation and providing any other information requested herein or in the Master Confirmation and immediately sending a facsimile transmission of an executed copy to us.

 

  Yours sincerely,
   
  CITIBANK, N.A.
   
  By: /s/ Eric Natelson
    Authorized Representative

 

Confirmed as of the date first above written:  
   
QH HUNGARY HOLDINGS LIMITED  
   
By: /s/ Judit Rozsa  
  Name: Judit Rozsa  
  Title: Director  

 

[Signature Page to A&R Supplemental Confirmation No. 5 (Citi)]