amendment-norurlgrundart






1/2          Amendment  Exhibit 10.1  0106-36-028285    to the Committed Revolving Credit Facility in the original amount of USD 50.000.000,-, between  Nordural Grundartangi ehf., reg. no: 570297-2609, as the Borrower and Landsbankinn hf., reg. no.  471008-0280, as the Bank, dated November 27th 2013 as amended from time to time (hereinafter  referred to as the "Agreement").    The Borrower and the Bank have agreed to make the following amendments to the Agreement:    1) Facility Amount    Definition of "Facility Amount" in Clause 1.1 of the Agreement  shall hereafter   be as follows:    ""Facility Amount"    means USD 100.000.000 (one hundred million US  dollars)."    2) Margin    Definition of "Margin" in Clause 1.1 of the Agreement  shall hereafter  be as  follows:    ""Margin"    means 3,10% (three point ten per cent) per annum."    3) Interest      a. Definition of "LIBOR" in Clause 1.1 of the Agreement shall be  deleted.  b. The following definitions shall be added to  Clause 1.1 of the Agreement as  follows:  ""SOFR"  means, with respect to any Business Day, a rate per annum equal to the secured overnight  financing rate for such Business Day, as such rate appears on the  SOFR Administrator's  Website on the immediately succeeding Business Day."  ""SOFR Administrator"  means the Federal Reserve Bank of New York (or a successor administrator of the secured  overnight financing rate."  ""SOFR Administrator Website"  means the website of SOFR Administrator at any given time."  ""Rate of Interest"  means the Daily Simple SOFR plus the Margin."  ""Daily Simple SOFR"  means, for any day (a "SOFR Interest  Day"), an interest rate per annum equal to  the greater    of (a) SOFR for that day that is 10 -  ten -Business Days prior to (i) if such SOFR Interest Day is  a Business Day, such SOFR Interest Day or (ii) if such SOFR Interest Day is not a Business Day  the Business  Day immediately  preceding such SOFR Interest  Day and (b) the floor  which   is  





 






2/2      0,00%. Any change in Daily Simple SOFR due to change in SOFR shall be effective from and  including the effective date of such change in SOFR without notice to  the  Borrower."  c. Clause 7.1. of the Agreement  shall hereafter be as follows:  "The rate of interest applicable to the Loan and payable by the Borrower for each Interest  Period shall be applicable Daily Simple SOFR plus the Margin per annum. For all Loans, the  amount of interest accrued and payable on the Loans for any day will be equal to the product  of (i) the outstanding principal amount of the Loans on such day multiplied by (ii) (a) the Rate  of Interest for such day divided by (b) 360."  d. Clause 5.2. of the Agreement  shall hereafter be as follows:  "The Borrower may, by giving no less than 10 Business Days prior written notice to the Bank,  prepay without penalty or premium (except incurred breakage  costs  as  calculated  by  the  Bank) any Loan on a Business Day in whole or in part."  e. All references to LIBOR in the Agreement shall hereafter be to Daily Simple SOFR.      4) Other Provisions    The Borrower shall pay to the Bank an arrangement fee of USD 40.000.  Furthermore, the Borrower  shall   pay to the bank a documentation fee of ISK 100.000.  The Borrower  accepts  by signing this  amendment  that the arrangement fee will be charged of the Borrower's bank account no. 0186-38-100220 and the  documentation  fee will be charged of the Borrower's bank account no.   0186-26-20.    Otherwise as not specifically  stated  in this  amendment,  the Agreement  shall  be unaffected  and continue  to be fully enforceable by the Bank. In addition, all security of any kind originally granted  in favor  of the   Bank to secure liability of the Borrower arising under the Agreement  (whether  or not  assigned  to  the   Bank) shall remain fully effective  and such security shall secure all monies  owed (now and in  the future)    by the Borrower to the Bank both under the Agreement as varied by the amendment and under any other  document howsoever  arising.      [Signature page follows]  





 






3/2        The    parties    hereto    have    caused    this    amendment    to    be    duly    executed    in    Reykjavik  on  --------2022.    In confirmation of the above, this document is attested with a hand-written signature and witnessed or  signed with a valid electronic signature in accordance with Act No. 55/2019, on Electronic Identification  and Trust Services for Electronic Commerce.        On behalf of the Borrower On behalf of the Bank                  Witnesses to the correct date and  signature:        Name Id. No. Name Id. No.  





 






    Undirritunarsfc'.la          F.h. lantaka  Kristinn Bjarnason                UndirritaO af:  Kristinn Bjarnason  0508703839  Dags: 28.09.2022  Tfmi: 10:30:17  Astrella:  ViOskiptasamningur  (viOauki)  Signet ID: d1829acf-  654c-44dd-917e-    F.h. Landsbankans hf.      UndirritaO af:  Davro Bjornsson  2006587799  Dags: 28.09.2022  Tfmi: 09:31:22  Astrella:  ViOskiptasamningur  (viOauki)  Signet ID: d1829acf-  654c-44dd-917e-        F.h. Landsbankans hf.      UndirritaO af:  61afur Magnus  Magnusson  0105693899  Dags: 28.09.2022  Tfmi: 09:33:25  AstreOa:  ViOskiptasamningur  (viOauki)  Signet ID: d1829acf-    F.h. Landsbankans hf.      UndirritaO af:  Haukur 6marsson  1510715979  Dags: 28.09.2022  Tfmi: 09:41:09  Astrella:  ViOskiptasamningur  (viOauki)  Signet ID: d1829acf-  654c-44dd-917e-