Addendum 1 to the LOAN AGREEMENT dated August 31, 2010 between HARTMANN ASIA HOLDING PTE LTD
Annex 1
to the shareholders' resolution as of September 27, 2010
Addendum
1
to
the
dated
August 31, 2010
between
XXXXXXXX
ASIA HOLDING PTE LTD
0 Xxxxx
Xxxxxx Xxxx ; High Street Centre #06 - 18/19/20/21
Xxxxxxxxx
000000
ATL
Offshore GmbH & Co. "ISLE OF USEDOM" KG
Xxxx Xxx.
00 ; 26789 Leer
The
parties agree to revise the Loan Agreement as follows:
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·
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The
loan amount shall be increased by USD 3,400,000.00 (in words: USD three
million four hundred thousand; the "Loan Increase") to USD 9,400,000.00
(in words: USD nine million four hundred thousand, the
"Loan").
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·
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The
Loan Increase shall be granted to the Borrower immediately after signing
of this Addendum 1.
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·
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Clause
3. Duration and Repayment shall be restated as
follows:
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"The Loan
shall be granted until October 29, 2010. The Borrower shall be entitled to repay
all or any portion, without penalty at any time prior to the end of the loan
period without further notice."
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·
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All
other terms shall remain unchanged.
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Leer,
September 28, 2010
/s/ Xxxxx Xxxxxxxxx
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/s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxxx for and on behalf of ATL Offshore GmbH
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Xxxxx
Xxxxxxxx for and on behalf of
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acting
for and on behalf of
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XXXXXXXX
ASIA HOLDING PTE LTD
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ATL
Offshore GmbH & Co. “ISLE OF USEDOM” KG
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1