Supplement to the General Credit Offer dated October 19, 2005 (English Translation)

Contract Categories: Business Finance - Credit Agreements
EX-10.BP 2 mpr201002bv3exbn.htm SUPPLEMENT TO THE GENERAL CREDIT OFFER DATED OCTOBER 19, 2005 [ENGLISH TRANSLATION] mpr201002bv3exbn.htm
[English Translation]  (10)(bp)
FORTIS  
 
 
 

 
 


   
CONFIDENTIAL
    
   
Mefiag B.V.
    
   
Attn. the Management
    
   
Magnesiumweg 2
    
   
8445 PJ Heerenveen
    
         
       
Fortis Bank
(Nederland)  N.V.
BC IJsselland
Date:
  
11 October 2007
  
Snipperlingsdijk 10-20
Our reference:
  
M.H.J. van der Veen/nh
  
Postbus 81
Re:
  
Supplement to the General Credit Offer d.d. 19 October 2005
  
7400 AS Deventer
       
Telephone
    Gentlemen,  
0570-558166
       
Fax
   
For the record we hereby confirm that the credit arrangement provided by us, as established in the General Credit Offer d.d. 19 October 2005, will be modified as follows:
 
The sentence: “The earnings after taxes will at least amount to EUR 200,000 annually” will be replaced by: “Monitoring of the solvability will take place based on interim financial data, which we will receive at least quarterly”.
 
All other credit facilities, conditions, provisos and sureties, as established in the aforementioned General Credit Offer, to which this supplementary letter constitutes an inextricable part, remain in force without changes.
 
If you agree with the above, we kindly request you to initial the enclosed second copy of this supplementary letter on each page, as well as to lawfully sign the final page, date it, and return it to us.
 
Regarding our legal relationship, the General Conditions and the General Credit Conditions of our bank apply as well, which are considered to constitute an integral part of this supplementary letter. Copies thereof are enclosed. By accepting this supplementary letter you declare that you have received and agree with the stated conditions.
  
0570-625775
         
         
         
 
       
    Paraaf Bank           Paraaf            
 
Fortis Bank (Nederland) N.V., Handelsregister Rotterdam nr. 30064791 staat onder teozicht van de Nederlandsche Bank en Autoriteit Financiële Markten.
 
 
FORTIS  
   


   
Mefiag B.V
    
         
Date:
  
11 October 2007
             
Page:
  
2
    
Re:
  
Supplement to the General Credit Offer d.d. 19 October 2005
    
         
    Should you have any questions after reading this supplementary little, then we are gladly prepared to answer and/or amplify them. If that is the case, we kindly request you to contact Mr. M.H.J. van der Veen.    
         
    Sincerely,    
    Fortis Bank (Nederland) N.V.    
 
 

 
M. v.d. Veen
M. Zwart



 
As agreed:
    
       
       
 
Credit receiver:
Mefiag B.V.
  
       
 
Signature:
/s/ J.D.H. Huizinga
  
       
 
Name authorized person:
J.D.H. Huizinga
  
       
 
Date:
11-10-2007
  



 
Appendix:   
Supplementary letter;
   
General Conditions;
   
General Credit Conditions.
 
 
 
 
 
 
 
 
 
 

 


Fortis Bank (Nederland) N.V., Handelsregister Rotterdam nr. 30064791 staat onder teozicht van de Nederlandsche Bank en Autoriteit Financiële Markten.