Exhibit 10.2


 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    


 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    

 





 



    	 



    	 



    


  





 



    	 



    	 



    


 





 






     


     


    

 


 





 


CONFIDENTIAL


 


3
August 2021


 


Primech
A & P Pte. Ltd.


(Entity
No. 198801704H)





18
Howard Road


#10-01
Novelty Bizcentre


Singapore
369585


 


	Attention:	Mr
    Vernon Kwek
	 	Director


 


(hereinafter
referred to as “you” or the “Borrower”)


 


Dear
Sirs


 


BANKING
FACILITY UNDER THE ENTERPRISE FINANCING SCHEME - TEMPORARY BRIDGING LOAN


 


We,
The Hongkong and Shanghai Banking Corporation Limited (the “Bank”), refer to the facility letter dated 21 October
2020 (as the same may be revised, amended and/or supplemented from time to time) (the “Facility Letter”) in respect
of the term loan facility specified therein (the “Facility”) made available to Primech A & P Pte. Ltd.,
and wish to advise the following revisions to the terms and conditions as set out in this supplemental facility letter (the “Supplemental
Facility Letter”).


 


All
terms and expressions defined in the Facility Letter shall bear the same meaning in this Supplemental Facility Letter, unless otherwise
stated.


 


	1.	Revision
to Undertakings



 


Clause
13(m) of the Facility Letter shall be deleted in its entirety.


 


	2.	General



 


	2.1	Save
as revised or supplemented herein, all other provisions of the Facility Letter shall continue to apply and to remain in full force and
effect.



 


Issued
by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (UEN S16FC0010A).


The
Hongkong and Shanghai Banking Corporation Limited is incorporated in the Hong Kong SAR with limited liability.


 






     


     


    

  


	Primech A
    & P Pte. Ltd.	Page 2 of
    2
	 	3 August 2021
	 	 


 


	2.2	Without
prejudice to the terms and conditions of the Facility Letter, the Facility is subject to review from time to time. Notwithstanding any
other provisions in the Facility Letter, the Bank shall have the unrestricted discretion to cancel or suspend, or to determine whether
or not to permit drawings in relation to the Facility, and the overriding right of repayment on demand, including the right to call for
cash cover on demand for prospective and contingent liabilities.



 


	2.3	Your
continued utilisation of the Facility shall be deemed to be your acceptance of the revised terms and conditions contained herein.



 


This
letter is for your reference only and requires no acknowledgement.


 


Yours
faithfully





 





		 	
	Eileen
    Ho	 	David
    Sim
	Vice
    President	 	Senior
    Vice President and Team Head
	Commercial
    Banking	 	Commercial
    Banking