Reservation of Rights Letter: Breach of Bilateral Facility Agreement

Agreement

[TO BE PRINTED ON THE HEADED PAPER OF THE LENDER]

insert date

To:

insert name and address of borrower

Dear insert full name of borrower

1 We refer to the facility agreement dated insert date of facility agreement between insert name of borrower (the Borrower) and insert name of Lender (the Lender) as amended, novated, supplemented, restated or replaced from time to time in accordance with its terms (the Facility Agreement).

2 Unless defined otherwise in this letter, or the context requires otherwise, all words or expressions defined in the Facility Agreement have the same meaning in this letter. The principles of interpretation set out in clause insert clause number of the Facility Agreement apply to this letter as if set out in full in this letter.

3 Pursuant to clause insert clause number of the Facility Agreement, the Borrower is required to OR prohibited from insert description of Borrower's obligations which have been breached (the Relevant Obligations).