Fourth Letter of Variation to Credit Facility Agreement between Slough Trading Estate Limited and Tipperary Corporation
Slough Trading Estate Limited, an English company, and Tipperary Corporation, a Texas corporation, have agreed to amend their existing credit facility agreement. The amendments, made through a series of letters, increase the loan amount in stages from $8.5 million to $13 million between November 2003 and September 2004. All other terms of the original agreement remain unchanged. The facility is used for redeeming promissory notes and general corporate purposes.
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Exhibit 4.5
sloughestates
International
Slough Trading Estate Limited
234 Bath Road
Slough SL1 4EE
Tel: +44 (0) 1753 537171
Fax: +44 (0) 1753 820585
www.sloughestates.com
Letter of Variation
Credit Facility Agreement dated 21st March 2003 made between Slough Trading Estate Limited (the 'Lender') an English limited company, and Tipperary Corporation (the 'Borrower') a Texas, USA corporation.
We refer to the above facility which was used for 'Redeeming Promissory Notes issued to Slough Estates USA Inc. and for general corporate purposes' and confirm that the following terms be amended:
| Amount: | The facility shall be increased from $US 8.5 Million to $US 11.5 Million on 25th November 2003 |
All other terms and conditions remain unchanged.
Signed for and on behalf of | Signed for and on behalf of | |||||
| Slough Trading Estate Limited | Tipperary Corporation | |||||
By: | /s/ R. D. KINGSTON | By: | /s/ DAVID L. BRADSHAW | |||
| Director | Director | |||||
sloughestates
International
Slough Trading Estate Limited
234 Bath Road
Slough SL1 4EE
Tel: +44 (0) 1753 537171
Fax: +44 (0) 1753 820585
www.sloughestates.com
Second Letter of Variation
Credit Facility Agreement dated 21st March 2003 and Letter of Variation dated 21st November 2003 between Slough Trading Estate Limited (the 'Lender') an English limited company, and Tipperary Corporation (the 'Borrower') a Texas, USA corporation.
We refer to the above facility and Letter of Variation which was used for 'Redeeming Promissory Notes issued to Slough Estates USA Inc. and for general corporate purposes' and confirm that the following terms be amended:
| Amount: | The facility shall be increased from $US 11.5 Million to $US 12 Million on 2nd July 2004 |
All other terms and conditions remain unchanged.
Signed for and on behalf of | Signed for and on behalf of | |||||
| Slough Trading Estate Limited | Tipperary Corporation | |||||
By: | /s/ R. D. KINGSTON | By: | /s/ DAVID L. BRADSHAW | |||
| Director | Director | |||||
2
sloughestates
International
Slough Trading Estate Limited
234 Bath Road
Slough SL1 4EE
Tel: +44 (0) 1753 537171
Fax: +44 (0) 1753 820585
www.sloughestates.com
Third Letter of Variation
Credit Facility Agreement dated 21st March 2003 and Letters of Variation dated 21 November 2003 and 1 July 2004 between Slough Trading Estate Limited (the 'Lender') an English limited company, and Tipperary Corporation (the 'Borrower') a Texas, USA corporation.
We refer to the above facility and Letters of Variation which were used for 'Redeeming Promissory Notes issued to Slough Estates USA Inc. and for general corporate purposes' and confirm that the following terms be amended:
| Amount: | The facility shall be increased from $US 12 Million to $US 12.5 Million on 3rd August 2004 |
All other terms and conditions remain unchanged.
Signed for and on behalf of | Signed for and on behalf of | |||||
| Slough Trading Estate Limited | Tipperary Corporation | |||||
By: | /s/ R. D. KINGSTON | By: | /s/ DAVID L. BRADSHAW | |||
| Director | Director | |||||
3
sloughestates
International
Slough Trading Estate Limited
234 Bath Road
Slough SL1 4EE
Tel: +44 (0) 1753 537171
Fax: +44 (0) 1753 820585
www.sloughestates.com
Fourth Letter of Variation
Credit Facility Agreement dated 21st March 2003 and Letter of Variation dated 21 November 2003, 1 July 2004 and 3 August 2004 between Slough Trading Estate Limited (the 'Lender') an English limited company, and Tipperary Corporation (the 'Borrower') a Texas, USA corporation.
We refer to the above facility and Letters of Variation which were used for 'Redeeming Promissory Notes issued to Slough Estates USA Inc. and for general corporate purposes' and confirm that the following terms be amended:
| Amount: | The facility shall be increased from $US 12.5 Million to $US 13 Million on 3 September 2004 |
All other terms and conditions remain unchanged.
Signed for and on behalf of | Signed for and on behalf of | |||||
| Slough Trading Estate Limited | Tipperary Corporation | |||||
By: | /s/ R. D. KINGSTON | By: | /s/ DAVID L. BRADSHAW | |||
| Director | Director | |||||
4
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