Addendum to Credit Facility Agreement
This is an addendum to the Credit Facility entered into as of February 27th 1998
by and between Epsom Investment Services N.V. (Epsom) and Calcitech Ltd dated
the February 28th 2003.
Whereas, Epsom has extended credit to the Company on the following new terms:
Xxxxxx Xxx Xxxxxxx Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (US$ 2,500.000)
Period To the 30th August 2004
Interest Rate 7.5%
Facility Fee 1% of the total value of the credit facility paid on renewal
of the credit facility
Collateral All shares held in its wholly owned subsidiary Calcitech
Synthetic Minerals Ltd
It is agreed that all other terms and conditions of the Credit Facility remain
the same. This addendum is a part of the whole agreement of the above referenced
credit agreement.
/s/ Xxxxx Xxxxxx /s/ Xxxxx Leopard
By: _______________________ By: __________________________
For Epsom Investment Services N.V. For Calcitech Ltd.
Xxxxx Xxxxxx Xxxxx Leopard
Director Director
