Contract

14 September 2017

STRICTLY PRIVATE AND CONFIDENTIAL

The Directors

Xxxxxx Global Resources Ltd

12th Floor

0000 Xxxxxx xx xxx Xxxxxxxx

New York NY 10019

Dear Sirs,

Re: The Receivables Finance Agreement dated 1st August 2014.

We are writing to you in connection with the above mentioned Receivables Finance Agreement. Under the terms of that Agreement there is provided inter alia as follows;

Type of Facility:	Confidential Sterling Invoice Discounting
Applicable Operating Conditions:	Parts I, II, III and IV
Review Limit:	£11,500,000.00 (CORE FACILITY)
	£500,000.00 (WIP PERM)
Annual Minimum Fee:	£50,000.00 per annum
Special Terms:	Month end facility head-room to be a minimum of £2,000,000.00
	All Special Terms in the RFA will still apply

NOTWITHSTANDING the foregoing the terms of the Receivables Finance Agreement shall be varied as follows;

Type of Facility:	Confidential Sterling Invoice Discounting
Applicable Operating Conditions:	Parts I, II, III and IV
Review Limit:	£9,500,000.00 (CORE FACILITY)
	£500,000.00 (WIP PERM)
Annual Minimum Fee:	£75,000.00 per annum
Arrangement Fee:	£5,000.00
Special Terms:	Month end facility head-room to be a minimum of £1,500,000.00
	All Special Terms in the RFA will still apply

The above is subject to a 12 month agreement from the date the above amendments are effective after which time the notice period in your Operating Conditions will apply.

Will you kindly sign the attached copy of this letter in acknowledgement of your agreement to the variation, which will become effective immediately.

Yours faithfully

/s/ Xxxxxx Xxxxx

Xxxxxx Xxxxx

Client Manager

Authorised on behalf of

Xxxxxx Global Resources Limited

/s/ Xxxxxx xx Xxxxxxxxxxx	15 September 2017
Director	Date

Lloyds Bank Commercial Finance Ltd. Registered in England and Wales No. 733011.

Registered Office: Xx. 0, Xxxxxxxxx Xxx, Xxxxxxx, Xxxxxxxxxxx, XX00 0XX.

Lloyds Bank Commercial Finance Ltd is part of Lloyds Banking Group and is not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority