EX-10.13 3 exhibit1013-grundartangire.htm 2017 EXHIBIT 10.13
EXHIBIT 10.13
0106-36-028285
Amendment
to the Committed Revolving Credit Facility in the amount of USD 50.000.000,-, between Norðurál Grundartangi ehf., reg. no: 570297-2609, as the Borrower and Landsbankinn hf., reg. no. 471008-0280, as the Bank, dated November 27 th 2013 (hereinafter referred to as the “Agreement”).
The Borrower and the Bank have agreed to make the following amendments to the Agreement:
1)Margin
Definition of “Margin” in Clause 1.1 of the Agreement shall hereafter be as follows:
“Margin
means 2,95% per annum.”
2)Termination date
Definition of “Termination Date” in Clause 1.1 of the Agreement shall hereafter be as follows:
“Termination Date
means November 27 th, 2020”
5) Other Provisions
For new extended Termination Date according to clause 3 of this amendment and in accordance with clause 14.5 of the Agreement, the Borrower shall pay the Bank extension fee amounting to 0,20% of the Facility Amount.
The Borrower accepts by signing this Amendment that the extension fee will be charged of the Borrower’s bank account no. 0186-38-100220.
Otherwise as not specifically stated in this Amendment, the Agreement shall be unaffected and shall be governed by the terms and conditions set forth in the Agreement.
[Special signature page follows]

The parties hereto have caused this Amendment to be duly executed in Rekjavik , on December 15, 2017.
This Amendment has been prepared and signed in two copies of equal legal force, one copy for the Bank, and one copy for the Borrower.

On behalf of the Borrower |  | On behalf of Landsbankinn hf.
/s/ Ragnar Guðmundsson |  | /s/ Lilja Björk Einarsdóttir
|  | /s/ Árni Þór Þorbjörnsson