Lloyds TSB Bank plc Loan Servicing Level 5

Exhibit 10.4

		Lloyds TSB Bank plc
		Loan Servicing
		Level 5
		000 Xx. Xxxxxxx Xxxxxx
		Glasgow
		G2 5ER		Telephone: 0000 000 0000
				Facsimile: 0845 601 2467
		Reference: SY/LOV/309618 00429838/Xxxxxx Xxxxxxx
The Directors
Molecular Profiles Ltd		Date:             16th September 2013
0Xxxxxxx Xxxxx
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 6^th 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 5^th 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 5^th 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/ Xxx Xxxxx

Manager

We confirm our acceptance of and agreement to the amendment detailed in your letter dated 16^th September 2013.

For and on behalf of Molecular Profiles Ltd (company registered number – 03397582)

Signed by		XXXXX XXXXX		(name)				XXXX XXXXXXXX		(name)
		/s/ Xxxxx Xxxxx		(signature)*				/s/ Xxxx Xxxxxxxx		(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 00 Xxxxxxx Xxxxxx, Xxxxxx XX0X 0XX. Registered in England and Wales no 2065 Telephone 000 0000 0000

Lloyds TSB Scotland plc Registered Office. Xxxxx Xxxxxx House, 000 Xxxxxx Xxxxxx, Xxxxxxxxx, XX0 0XX. Registered in Scotland no 95237. Telephone 0000 000 0000

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
		000 Xx. Xxxxxxx Xxxxxx
		Glasgow
		G2 5ER		Telephone: 0000 000 0000
				Facsimile: 0845 601 2467
		Reference: SY/LOV/309618 00428734/Xxxxxx Xxxxxxx
The Directors
Molecular Profiles Ltd		Date:             16th September 2013
0Xxxxxxx Xxxxx
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 6^th 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 9^th 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 9^th 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/ Xxx Xxxxx

Manager

We confirm our acceptance of and agreement to the amendment detailed in your letter dated 16^th September 2013.

For and on behalf of Molecular Profiles Ltd (company registered number – 03397582)

Signed by		XXXXX XXXXX		(name)				XXXX XXXXXXXX		(name)
		/s/ Xxxxx Xxxxx		(signature)*				/s/ Xxxx Xxxxxxxx		(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 00 Xxxxxxx Xxxxxx, Xxxxxx XX0X 0XX. Registered in England and Wales no 2065 Telephone 000 0000 0000.

Lloyds TSB Scotland plc Registered Office Xxxxx Xxxxxx House, 000 Xxxxxx Xxxxxx, Xxxxxxxxx, XX0 0XX. Registered in Scotland no 95237. Telephone 0000 000 0000

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