CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

date of execution of the promissory note, Corral Petroleum Holdings may demand repayment in full, plus all accrued andunpaid interest, upon nine months notice.Constellation Holdings LLCConstellation Holdings LLC provides strategic and investment banking advisory services and is acting as anadvisor in relation to the repayment or refinancing of the Senior Secured Notes and the 2008 Credit Facility. Thecontact governing these services will not be terminated until the conclusion of this repayment or refinancing process andprovides for an annual fee of $2.5 million.Mohammed H Al Amoudi, the Chairman and ultimate shareholder of Preem and Corral Petroleum Holdings, isthe principal shareholder of Constellation Holdings LLC. Preem and Corral Petroleum Holdings believe that theforegoing transactions were entered into on terms no less favorable to it or to its subsidiaries than those that could havebeen obtained from an unrelated third party.Our ultimate shareholderIn connection with the interest payments due April 15, 2009, July 15, 2009, October 15, 2009 and January 15,2010 under the 2007 Notes, our ultimate shareholder, Mr. Al-Amoudi, made equity contributions of $2.4 million and€3.9 million in April 2009, $2.5 million and €2.8 million in July 2009, $2.0 million and €2.5 million in October 2009 and$2.0 million and €2.2 million in January 2010. In connection with the refinancing of the 2007 Notes in May 2010, ourultimate shareholder, Mr Al-Amoudi, made equity contributions of SEK 2,582 million (€287million). Totalcontributions in 2010 were SEK 2,619 (€291 million), which includes the aforementioned contributions in January 2010in connection with the January 15, 2010 interest payment on the 2007 Notes and the aforementioned contributions relatedto the refinancing of the 2007 Notes. Mr. Al-Amoudi owns Subordinated Notes in an aggregate amount ofapproximately €84 million and $37 million.Conflicts of InterestExcept as described above, and in the sections “Risk Factors—Risks related to the Senior Secured Notes and ourCapital Structure—We are controlled by one shareholder whose interests as they relate to us may conflict with theinterest” and “Management,” as at the date of this Annual Report, our directors and principal executive officers do nothave any potential conflicts of interest between any duties to us and their private interests or other duties.52