13. COVENANTS

(a) The Borrower shall not, without the prior written consent of the Bank, incur or allow to remain outstanding any Financial Indebtedness. Financial Indebtedness for this purpose shall not include any credit received from suppliers to the Borrower in the ordinary course of business.

(b) The Borrower will provide the Bank regularly with such information and in such form as may be required from time to time relating to the Borrower’s finances and operations.

(c) The Borrower shall pay and discharge all Taxes imposed upon it or its assets within the time period allowed without incurring penalties.

(d) The Borrower shall advise the Bank immediately of any change of Directors or any material or major happening that may affect the Borrower’s operations. This could include but not be restricted to changes in the share holding pattern, industrial or labour disputes, industrial or economic downturn, diversification plans, capital expenditure commitments, change in objectives and the like.