# CREDIT FACILITY AGREEMENT
Date: 30 January 2031
Parties: Crownmere Bank plc and Alder & Finch Foods Limited
## 1. Purpose and parties
Crownmere Bank makes a £750,000 revolving facility available to Alder & Finch Foods Limited until 30 June 2034. The borrower may draw for working capital and approved stock purchases, not dividends, acquisitions or unlawful purposes.
## 2. Facts, scope and terms
Each drawdown requires two business days' notice, a requested amount, account and confirmation that no default is continuing. The commitment reduces by repayments but cannot exceed the limit; the bank may reject a request that fails a condition and must record the utilisation.
## 3. Process and responsibilities
Interest is SONIA compounded in arrears plus 3.25% per annum, with a 1% unused commitment fee and default interest capped at the lawful amount. Interest and principal are paid monthly from the nominated account; voluntary prepayment is permitted with accrued interest.
## 4. Evidence, records and safeguards
Security consists of an all-assets debenture, fixed charges over specified accounts and a parent guarantee, to be executed and registered where required. Alder & Finch must maintain insurance, accounts, tax compliance, financial covenant reporting and permitted ownership; it may not create equal-ranking security without consent.
## 5. Review, escalation and outcome
Events of default include non-payment after a short cure period, insolvency, material misrepresentation, invalid security and a covenant breach not remedied within 15 business days. The bank must give a default notice where practicable and may cancel, demand repayment and enforce security subject to law.
## 6. Reservations and practical protections
The borrower can request a consent or waiver in writing, but silence is not consent. Both parties keep records, protect customer data and cooperate on proportionate KYC and sanctions checks. No term permits a unilateral increase of the facility or an unlawful penalty.
## 7. England and Wales law and completion
England and Wales law and the courts of England and Wales apply. Notices to the registered office or facility email are separate permitted methods, effective on delivery or confirmed email. The parties sign on 30 January 2031; the debenture is delivered separately for registration.