1st Amendment Agreement to the Master Loan Agreement for EUR 4,000,000.00 of August 18, / September 15, 2011
EX-10.14 8 exhibit10141stamendmenttob.htm EXHIBIT 10.14 Exhibit 10.14 1st Amendment to Bayern
♦> Bayern LB
1st Amendment Agreement to the Master Loan Agreement
for EUR 4,000,000.00 of August 18, / September 15, 2011
between
REFUsol GmbH
Uracher Straße 91
D-72555 Metzingen
hereinafter referred to as "Borrower" - and
Bayerische Landesbank Brienner Straße 18
D-80333 München
hereinafter referred to as “Bank” -
The Bank and the Borrower agree the following revised wording of Item 1 and supplement to Item 6.4
1. | Subject matter of the Agreement |
The Bank shall grant the Borrower a general credit facility (“loan”) in the amount of
4,000,000.00 EUR (in words: four million euros)
- until further notice, at the latest by July 31, 2013 (“end of term to maturity”) for financing operating capital - notwithstanding the right of termination pursuant to no. 26 of the Bank's General Business Conditions.
6.4 | The Borrower additionally undertakes to submit the consolidated financial statements 2011 regarding the next higher group level by no later than October 31, 2012. |
All other provisions of the Master Loan Agreement of August 18, / September 15, 2011 shall remain unchanged.
The Bank considers itself bound by this proposal up until August 15, 2012. The foregoing amendment to the Master Loan Agreement of August 18, / September 15, 2011 shall only come into existence upon the receipt of a legally-binding original countersigned by the Borrower by the Bank before the end of this period.
Metzingen Munich July 30, 2012
Refusol GmbH Bayerische Landesbank
