# LETTER OF COMFORT
Date: 29 November 2029
Parties: Ashdown Group plc and Wessex Bank plc
## 1. Parties, transaction and definitions
To Wessex Bank plc: Ashdown Group plc writes regarding the £4,000,000 revolving facility proposed for its wholly owned subsidiary Ashdown Logistics Limited. Ashdown presently owns 100% and expects to retain control while the facility is outstanding.
## 2. Commercial scope and consideration
Ashdown is aware of the subsidiary's business plan and expects, based on current information, to continue making management and treasury support available in the ordinary course. This records present intention and information only.
## 3. Performance, approvals and records
This is not a guarantee, indemnity, surety, undertaking to pay, charge, letter of credit or assumption of the subsidiary's debt. Ashdown does not promise to fund every loss, meet a shortfall or ensure that the subsidiary pays the bank.
## 4. IP, confidentiality and data
Ashdown will notify the Bank if it ceases to control the subsidiary or becomes aware of a material change making these statements materially misleading. It does not undertake to prevent disposal, dividend or borrowing; the facility remains subject to its credit documents.
## 5. Term, termination and transition
The Bank may use this letter for credit assessment and may disclose it only to advisers, regulators, funders or a permitted transferee on confidentiality terms. Nothing changes the facility, creates a third-party enforcement right or waives the subsidiary's defences.
## 6. Risk allocation and remedies
The Bank should obtain its own legal advice on comfort and guarantee. Ashdown confirms no reliance is intended beyond the express words, and confidentiality survives while information remains confidential.
## 7. England and Wales law and signatures
England and Wales law governs and the courts have exclusive jurisdiction. This letter expires on repayment or cancellation of the facility and is signed by Eleanor Price, Group Finance Director, without authority beyond its express terms.