Universal Registration Document 2019

69 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT Consolidated financial statements 2 As at December 31, 2019, the features of the SWAP contracts were as follows: Notional at 12/31/2019 Nominal (in thousands of euros) Remainder due (in thousands of euros) Departure date Maturity date Paying rate Receiving rate Net market value in thousands of euros LISI S.A. 5,000 5,000 06/10/2014 06/10/2021 0.9400% Euribor 3-months 44 LISI S.A. 5,000 5,000 06/10/2014 06/10/2021 0.9400% Euribor 3-months 45 LISI S.A. 10,000 10,000 06/10/2014 06/10/2021 0.9700% Euribor 3-months 91 LISI S.A. 5,000 5,000 06/10/2014 06/10/2021 0.9525% Euribor 3-months 45 LISI S.A. 5,000 5,000 06/10/2014 06/10/2021 0.9675% Euribor 3-months 45 LISI MEDICAL Fasteners 4,500 1,781 09/28/2012 09/30/2024 1.3000% Euribor 3-months 13 Creuzet Aéronautique 3,900 325 07/31/2012 07/31/2020 0.7750% Euribor 1-month 6 Blanc Aéro Industries 4,983 4,313 02/01/2016 01/15/2023 0.8290% Euribor 3-months (116) Blanc Aéro Industries 4,983 4,313 02/01/2016 01/15/2023 0.8300% Euribor 3-months (120) TOTAL 48,366 40,731 55 The currency hedging instruments at December 31, 2019, are as follows: Notional at 12/31/2019 Notional at 12/31/2018 Currency EUR Currency EUR GBP 20,400 23,977 32,400 36,220 CAD 24,000 16,441 36,000 23,070 CZK 600,000 23,615 240,000 9,330 TRY 0 0 21,400 6,737 PLN 18,000 4,229 16,800 3,906 USD 147,001 130,853 178,901 156,245 TOTAL 199,115 235,507 3.6.6.2 - Commitment received regarding the acquisition of the assets of Hi-Vol Products LLC As part of the acquisition of the assets of Hi-Vol Products LLC by LISI AUTOMOTIVEHi Vol Inc, the seller, backed by its parent company Arch Global, committed, via two specific insurance policies, to compensate the buyer against any prejudice related to: ■ a tax, environmental and pension plan risk in the amount of the acquisition price. ■ product non-conformity in the amount of USD 10 million subject to a deductible of USD 300 thousand (decreased by USD 250 thousand as of September 13, 2019). 3.6.6.3 - Commitments made and received as part of the TERMAX acquisition As part of the acquisition of Termax LLC, LISI HOLDING NORTH AMERICA agreed to purchase the remaining 49% of the shares by March 31, 2021. For their part, the sellers agreed to compensate LISI, subject to an overall deductible of USD200 thousand, for any prejudice related to: ■ anenvironmental and tax risk, in theamount of theacquisition price of the 51% holding. ■ a labor risk in the amount of USD 5 million and ■ product non-conformity in the amount of USD 10 million. 3.6.6.4 - Guarantees provided as part of the disposal transaction of LISI AUTOMOTIVE Beteo GmbH As part of the disposal of LISI AUTOMOTIVE Beteo GmbH, a liabili t y guarantee commi tment was made by LISI AUTOMOTIVE KNIPPING Verbindungstechnik GmbH. 3.6.6.5 - Guarantee provided as part of the INDRAERO SIREN and LISI AEROSPACE Creuzet Maroc sales transactions A liability guarantee commitment for HSE non-conformity risks and potential tax liabilities was given as part of the sale of INDRAERO SIREN and LISI AEROSPACE Creuzet Maroc. The maximum compensation amount was set at €3 million. 3.6.6.6 - Commitment received as part of the INDRAERO SIREN and LISI AEROSPACE Creuzet Maroc sales transactions As part of the sale of INDRAERO SIREN and LISI AEROSPACE Creuzet Maroc, the buyer agreed to pay Group LISI an additional amount of maximum €13 million depending on the subsequent disposal value. This commitment is valid for a 10-year period, until July 3, 2029.