Strictly Private and Confidential

To: Ms. Uzma Chowdhury

Director, Finance
Pran RFL Group

Address: PRAN-RFL Center, 105/1 GA Middle Badda, Dhaka

Date: 6th August, 2020

Attn: Financing of Commercial Contract with Chinese Contractor

Dear Sirs,

With reference to our term sheet dated 9th October 2019 and the approval letter of BIDA dated
23 April 2020, we signed the Facility Agreement for extending Euro 17.8 M (estimated to be
equivalent to USD 19.72 M) to Habiganj Agro Limited from Standard Chartered Bank (Hong
Kong) Limited as the original lender on 5 May 2020. Upon further review of the document and to
accommodate the requirement of concerned ECA (“Sinosure”) we need to bring the following
changes in the BIDA approval.

Existing Proposed
Facility Amount Up to 85% of the Supply Contract. Up to 85% of the Supply Contract.
Estimated to be USD 19.72 million. Estimated to be USD 19.72 million or
equivalent Euro 17.8 M.
Structuring and 1.0% calculated flat on the 1.0% calculated flat on the
Coordinating Fee Facility Amount payable to the facility amount payable to the
Structuring and Coordinating bank on Structuring & Coordinating bank on
the Signing Date. the earlier of (a) the first Utilisation
Date; and (b) 90 days from the date of
the Facility Agreement.

Arrangement Fee 2.0% calculated flat on the Facility
Amount payable to the Mandated Lead
Arranger on the Signing Date.
Commitment Fee 0.75 % per annum. Commitment Fee
shall be payable semi-annually in
arrears on the undrawn amount of
the Facility Amount for the first 15
months of the Availability Period.
Facility Agent fee USD 20,000 p.a. The fee payable on the
Signing Date and on the anniversary of
each of the Sinosure facility until the
final maturity date of the relevant
facility.
2.0% calculated flat on the Facility
Amount payable to the Mandated Lead
Arranger on the earlier of (a) the first
Utilisation Date; and (b) 90 days from
the date of the Facility Agreement.
0.75 % per annum. Commitment Fee
shall be payable semi-annually in
arrears on the undrawn amount of the
Facility Amount and on the last day of
the Availability Period (and if the
Facility is cancelled in full, on the
cancelled amount of the relevant
Lender’s Commitment at the time the
cancellation is effective). Commitment
fee shall start to accrue on and from 1
August 2020.
USD 20,000 p.a. The fee is payable on the
earlier of (a) the first Utilisation Date;
and (b) 90 days from the date of the
Facility Agreement and thereafter
annually in advance on each
anniversary of the date of the Facility
 Strictly Private and Confidential

Agreement.
Sinsosure Estimated Premium of 6.90% Estimated Premium of 6.00% charged
premium charged on the Facility Amount and on the Facility Amount and determined
determined by Sinosure in lieu of by Sinosure in lieu of providing 90%
providing 90% comprehensive risk comprehensive risk cover to SCB, due
cover, due and payable to Sinosure and payable to Sinosure in
in accordance with the Sinosure accordance with the Sinosure invoice.
invoice on the date of the first
drawdown of the Sinsosure Facility.

Would be greateful if you help us in arranging the same.

Yours faithfully,

For and on behalf of Standard Chartered Bank,

Singapore Branch

____________________________
Ananda Jayawardana
Executive Director, Regional Head
Structured Export Finance

Acknowledged and Agreed:

Pran RFL Group

By: ___________________________
Name: