AMENDMENT LETTER
Exhibit 10.4
Lloyds TSB Bank plc | ||||
Loan Servicing | ||||
Level 5 | ||||
110 St. Vincent Street | ||||
Glasgow | ||||
G2 5ER | Telephone: 0845 604 9936 | |||
Facsimile: 0845 601 2467 | ||||
Reference: SY/LOV/309618 00429838/Sharon Foulkes | ||||
The Directors | ||||
Molecular Profiles Ltd | Date: 16th September 2013 | |||
8Orchard Place | ||||
Nottingham Business Park | ||||
Nottingham | ||||
United Kingdom | ||||
NG8 6PX |
Dear Sir/Madam,
AMENDMENT LETTER
We refer to the Business Loan Agreement which was signed by us on 6th January 2012 (the Agreement) and to the security documents required under it from time to time. In the Agreement we agreed to make available to you, a loan of up to £1,500,000.
Following agreement with you, we confirm that with effect from the Effective Date (as defined below) the terms of repayment set out in the Repayment section of the Specific Terms and Conditions of the Agreement shall be construed so as to require the loan to be repaid in 166 consecutive monthly instalments of principal and interest commencing on 5th October 2013. The amount of these instalments will vary with changes in the interest rate and the number of days in the charging period. The final repayment of the loan will be made on 5th July 2027.
For the avoidance of doubt, we confirm that if the term of the loan is extended the total amount of interest payable by you under the Agreement may be higher.
All other terms and conditions in the Agreement remain unaltered and from the Effective Date the Agreement and this letter shall be construed as one agreement.
The Effective Date shall be the date we have received a copy of this letter duly signed by you agreeing to the amendment it contains.
Yours faithfully, |
For and on behalf of Lloyds TSB Bank plc |
/s/ Leo Magee |
Manager |
We confirm our acceptance of and agreement to the amendment detailed in your letter dated 16th September 2013.
For and on behalf of Molecular Profiles Ltd (company registered number 03397582)
Signed by | NIKIN PATEL | (name) | EMMA GAINFORD | (name) | ||||||
/s/ Nikin Patel | (signature)* | /s/ Emma Gainford | (signature)* | |||||||
19 SEPTEMBER 2013 | (date) | 19/9/13 | (date) |
This letter creates legal obligations. Before signing you may wish to take independent advice.
* | to be signed in accordance with the borrowing arrangements clause of the mandate given to the Bank or a specific resolution acceptable to the Bank |
Lloyds TSB Bank plc Registered Office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no 2065 Telephone 020 7626 1500
Lloyds TSB Scotland plc Registered Office. Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. Registered in Scotland no 95237. Telephone ###-###-####
Authorised and regulated by the Financial Services Authority under numbers 119278 and 191240 respectively. Licensed under the Consumer Credit Act 1974 under license numbers 0004685 and 0198797 respectively We are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service
Lloyds TSB Bank plc | ||||
Loan Servicing | ||||
Level 5 | ||||
110 St. Vincent Street | ||||
Glasgow | ||||
G2 5ER | Telephone: 0845 604 9936 | |||
Facsimile: 0845 601 2467 | ||||
Reference: SY/LOV/309618 00428734/Sharon Foulkes | ||||
The Directors | ||||
Molecular Profiles Ltd | Date: 16th September 2013 | |||
8Orchard Place | ||||
Nottingham Business Park | ||||
Nottingham | ||||
United Kingdom | ||||
NG8 6PX |
Dear Sir/Madam,
AMENDMENT LETTER
We refer to the Business Loan Agreement which was signed by us on 6th January 2012 (the Agreement) and to the security documents required under it from time to time. In the Agreement we agreed to make available to you, a loan of up to £1,000,000.
Following agreement with you, we confirm that with effect from the Effective Date (as defined below) the terms of repayment set out in the Repayment section of the Specific Terms and Conditions of the Agreement shall be construed so as to require the loan to be repaid in 162 consecutive monthly instalments of principal and interest commencing on 9th October 2013. The amount of these instalments will vary with changes in the interest rate and the number of days in the charging period. The final repayment of the loan will be made on 9th March 2027.
For the avoidance of doubt, we confirm that if the term of the loan is extended the total amount of interest payable by you under the Agreement may be higher.
All other terms and conditions in the Agreement remain unaltered and from the Effective Date the Agreement and this letter shall be construed as one agreement.
The Effective Date shall be the date we have received a copy of this letter duly signed by you agreeing to the amendment it contains.
Yours faithfully, |
For and on behalf of Lloyds TSB Bank plc |
/s/ Leo Magee |
Manager |
We confirm our acceptance of and agreement to the amendment detailed in your letter dated 16th September 2013.
For and on behalf of Molecular Profiles Ltd (company registered number 03397582)
Signed by | NIKIN PATEL | (name) | EMMA GAINFORD | (name) | ||||||
/s/ Nikin Patel | (signature)* | /s/ Emma Gainford | (signature)* | |||||||
19 SEPTEMBER 2013 | (date) | 19/9/13 | (date) |
This letter creates legal obligations. Before signing you may wish to take independent advice.
* | to be signed in accordance with the borrowing arrangements clause of the mandate given to the Bank or a specific resolution acceptable to the Bank. |
Lloyds TSB Bank plc Registered Office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no 2065 Telephone 020 7626 1500.
Lloyds TSB Scotland plc Registered Office Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. Registered in Scotland no 95237. Telephone ###-###-####
Authorised and regulated by the Financial Services Authority under numbers 119278 and 191240 respectively Licensed under the Consumer Credit Act 1974 under license numbers 0004685 and 0198797 respectively. We are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service