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Content analysis
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8th grade Good
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28 June 2002
Private & Confidential
The Directors
Chyron UK Holdings Limited
Pro-Bel Limited
Danehill
Lower Earley
Reading
BERKSHIRE
RG6 4PB
We refer to the facility letter dated 16 January 2002 from Barclays Bank Plc setting out the terms and conditions of an Overdraft facility to Chyron UK Holdings Limited and its subsidiaries.
The Terms and Conditions of the letter are varied as follows:
Amount
The individual sub-limits are amended as follows:
Name of Borrower
Pro-bel Limited sterling current account - 1,500,000 (pounds sterling)
Pro-bel Limited euro account - 500,000 (pounds sterling)
All other terms and conditions remain unchanged.
Acceptance of the amended terms and conditions shall be signified by the Borrower returning to the Bank within 14 days:
a) the enclosed duplicate of this letter duly signed on the borrower's behalf as evidence of acceptance of the amended terms and conditions and
b) a certified copy of a resolution of the Borrower's Board of Directors
(i) accepting the amended terms and conditions stated.
(ii) Authorising a specified person, or persons, to sign and return to the Bank the duplicate of this Letter.
Yours sincerely,
/s/ David Smith
David Smith
Associate Director, Business Support