Replacement Schedule to Agreement for the Purchase of Debts between Lakeland Industries Ltd and HSBC Invoice Finance (UK) Ltd
Lakeland Industries Ltd and HSBC Invoice Finance (UK) Ltd have agreed to a replacement schedule that updates the facility limit and prepayment percentage in their existing Agreement for the Purchase of Debts. The letter confirms these changes and advises Lakeland Industries Ltd that no further action is required unless they have questions. The document serves as a formal notification of the updated terms.
Exhibit 10.2
For the attention of The Directors
Lakeland Industries Ltd
Jet Park 2 Industrial Estate
Units 9-10
244 Main Road
Newport
HU15 2RP
19th December 2013
VB/1675788
Dear Sirs
Replacement Schedule – Changes to Facility Limit & Prepayment Percentage
Following our recent discussions, please find enclosed the replacement Schedule to the Agreement for the Purchase of Debts.
Unless you have any questions about the changes we have made you do not need to take any further action.
We are of course happy to answer any questions you may have regarding our documentation but you should not regard this as a substitute for taking your own legal advice.
Yours faithfully
For and on behalf of
HSBC Invoice Finance (UK) Ltd
Jane L Simpson
Invoice Finance Manager
Tel: 08455 858199
