That the principal of $5,625,000.00 due for repayment on March 31st 2016 will be deferred for 90 days and paid on June 30, 2016, while the accrued interest of $2,368,083.04 will be paid on due date of March 31st 2016.
That the Principal and Interest of N70,325,448.64 and N90,912,359.43 respectively due for payment on the Naira Facility on March 31st 2016 shall be paid in full on due date.
That in consideration of the deferment of the principal due on March 31st 2016 to June 30, 2016, a deferment fee of $56,250.00 (being 1% flat on the deferred principal amount) shall be paid to Zenith Bank on March 31st 2016.
/s/ Sheriff Ogunrinola
/s/ Michael Aknowuru
Assistant General Manager