EPSOM ASSET MANAGEMENT LTD.
EPSOM
ASSET MANAGEMENT LTD.
CP 261,
10 route de l’aeroport
1215
Geneva 15
Switzerland
29th May
2009
Dears
Sirs,
Further to your request, I can confirm
that the balance due from CalciTech Ltd., under the above mentioned credit
facility agreement, as at 31st
December 2008 amounted to USD5,436,095.33. This balance includes all interest
charges up to 31st
December 2008.
As
discussed, this balance exceeds the extension that was granted to CalciTech in
August 2008. We confirm that we are willing to extend your balance further to
meet your working capital needs until such time as the conversion of our
outstanding balance is converted into common shares. We understand that this is
likely to be in early June.
If you require and further information,
please do not hesitate to contact me.
Yours
faithfully,
for and
on behalf of Epsom Asset Management Ltd.
“Xxxxx
Xxxxxx”
Xxxxx
Xxxxxx
Director
Registered Office: Main
Street, Charlestown, Nevis, West Indies
Administrative office: P.O.
Box 254, 1215 Geneva 15, Switzerland
Tel.
(x00) 00 0000000 Fax (x00) 00
0000000
